NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 29

HOUSE BILL 139

AN ACT AMENDING AND SUPPLEMENTING ALL LAWS AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF BONDS, NOTES OR OTHER OBLIGATIONS OF A UNIT WITHIN THE MEANING OF THE LOCAL GOVERNMENT ACT TO PROVIDE FOR THE USE OF FACSIMILE SEALS AND SIGNATURES.

The General Assembly of North Carolina do enact:

Section 1.  All laws, whether general, local, private or special, authorizing and providing for the issuance of bonds, notes or other obligations of a unit within the meaning of G.S. 159-2, a part of the Local Government Act, as it may be amended from time to time, are hereby amended and supplemented to provide that the governing body of a unit may, in its discretion, authorize (a) the imprinting of a facsimile of the seal of the unit on any bond, note or other obligation of the unit in lieu of physically affixing such seal thereon and (b) the execution of any bond, note or other obligation by facsimile rather than manual signatures; provided, however, that at least one manual signature must appear on every bond, note or other obligation which signature may be the manual signature of the representative of the Local Government Commission to the certificate of the Commission on such bond, note or other obligation.

Sec. 2.  The powers granted by this Act are in addition to and not in substitution for any other powers heretofore or hereafter granted by any other law.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 3rd day of March, 1969.