North Carolina General Statutes 117-32. Loans from federal agencies; authority of county, etc., to engage in telephone business
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 117-32
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
Whenever any corporation organized under the provisions of this Article desires to secure a grant or loan from any agency of the United States government now in existence or hereafter authorized, it shall apply through the North Carolina Rural Electrification Authority and not direct to the United States agency, and the said North Carolina Rural Electrification Authority alone shall have the authority to make application for grants or loans to any such corporation. Nothing in this Article shall be deemed to authorize any county, city or town to engage in the telephone business. (1945, c. 853, s. 4.)