§ 142-10. Chief clerk may issue when Treasurer unable to act.
150 words·~1 min read·
/nc/chapter-142/142-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 142-10. Chief clerk may issue when Treasurer unable to act.
Whenever it shall appear by formal finding of the Governor and Council of State, within seven days before any bonds or notes of the State or any interest thereon shall fall due, that it is advisable to issue notice of the State to provide for the renewal or payment of such bonds, notes or interest and that the State Treasurer is unable for any reason to negotiate or to issue such notes, it shall be the duty of the chief clerk of the State treasury, if the issuance of such notice shall have been authorized by law, upon certification to him of such finding, and in the name of the State Treasurer, to make all necessary negotiations and to sign and deliver such notes for value and to attach thereto the seal of the State Treasurer.
(1927, c. 12.)