Terms Used In North Carolina General Statutes > Chapter 20 > Article 10 - Financial Responsibility of Taxicab Operators

• Authorized officer: means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity, to execute on behalf of the public entity a certificated registered public obligation or a writing relating to an uncertificated registered public obligation. See North Carolina General Statutes 159E-2
• Certificated registered public obligation: means a registered public obligation which is represented by an instrument. See North Carolina General Statutes 159E-2
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Facsimile signature: means the reproduction by engraving, imprinting, stamping, or other means of the manual signature. See North Carolina General Statutes 159E-2
• Issuer: means a public entity which issues an obligation. See North Carolina General Statutes 159E-2
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Obligation: means an agreement of a public entity issuer to pay principal and any interest thereon, whether in the form of a contract to repay borrowed money, a lease, an installment purchase agreement or otherwise, and includes a share, participation, or other interest in any such agreement. See North Carolina General Statutes 159E-2
• property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
• state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3