1917_public local laws_107_27
CHAPTER 106 AN ACT TO IMPROVE THE ROADS IN PAMLICO COUNTY AND FOR THE ISSUING OF BONDS BY THE COUNTY AND THE SEVERAL TOWNSHIPS THEREIN. The General Assembly of North Carolina do enact:
That said bonds may be issued from time to time and exchanged at par for the township bonds provided for in article one of this act; or said bonds may be sold as the said board of county commissioners may determine: Provided, none of them shall be sold or pledged in any manner for less than par value in cash or the above referred to township bonds; and no bonds shall be sold for cash until there has been deposited with the said board of county commissioners a like amount of the township bonds above referred to, and when so sold the proceeds shall be turned over to the treasurer of the road commission of the township whose bonds have been thus deposited.