§ 159-57. Hearing; passage of bond order. - North Carolina Statutes

§ 159‑57.  Hearing;passage of bond order.

On the date fixed for the public hearing, which shall be not earlierthan six days after the date of publication of the bond order as introduced,the board shall hear anyone who may wish to be heard on the question of thevalidity of the order or the advisability of issuing the bonds. The hearing maybe adjourned from time to time.

After the hearing, (and on the same day as the hearing, if the board sodesires) the board may pass the order as introduced, or as amended. Noamendment may increase the amount of bonds to be issued, nor substantiallychange the purpose of the issue. If the board wishes to increase the amount ofbonds to be issued, or to substantially change the purpose of the issue, a newproceeding under this Article is required.

The provisions of any city charter, general law, or local act to thecontrary notwithstanding, a bond order may be introduced at any regular orspecial meeting of the governing board and adopted at any such meeting by asimple majority of those present and voting, a quorum being present, and neednot be published or subjected to any procedural requirements governing theadoption of ordinances or resolutions by the governing board other than theprocedures set out in this Subchapter. Bond orders shall not be subject to theprovisions of any city charter or local act concerning initiative andreferendum. (1927, c. 81, s.17; 1953, c. 1065, s. 1; 1971, c. 780, s. 1.)