North Carolina General Statutes 63-84. Bonds and notes authorized
Terms Used In North Carolina General Statutes 63-84
- Aeronautical facilities: means airports, runways, terminals, hangars and other facilities related thereto;
(2) "District" means a special airport district created under the provisions of this Article;
(3) "District board" or "board" means a special airport district board established under the provisions of this Article as the governing body of a district;
(4) "Governing body" means the board, commission, council or other body, by whatever name it may be known, of a unit of local government in which the general legislative powers thereof are vested;
(5) "Unit" or "unit of local government" means counties, cities, towns and incorporated villages. See North Carolina General Statutes 63-79
In addition to the powers hereinbefore granted, a district shall have power to issue bonds and notes pursuant to the provisions of the Local Government Bond Act and the Local Government Revenue Bond Act for the purpose of financing aeronautical facilities and to refund such bonds and notes, whether or not in advance of their maturity or earliest redemption date, and such bond or note issues may include bonds or notes, the proceeds of which are to be applied to the retirement of outstanding bonds or notes of counties, cities, towns, incorporated villages or airport authorities theretofore issued for the purpose of financing aeronautical facilities. (1979, c. 689, s. 7.)