1893_public laws_173_5
CHAPTER 172 An act to authorize the county of Buncombe to fund its bonded indebtedness. The General Assembly of North Carolina do enact:
That the said board of commissioners are authorized to issue said bonds at any time after the passage of this act, and they may from time to time exchange the same for like amounts of the bonded indebtedness aforesaid of the said county, or they may sell said bonds and use the proceeds of such sales in the purchase or payment of said bonded indebtedness, but said bonds shall under no circumstances be issued for any other purposes than those just stated.