1925_public local laws_292_12
CHAPTER 291 AN ACT TO AUTHORIZE THE PASQUOTANK HIGHWAY COMMISSION TO ISSUE BONDS FOR ROAD CONSTRUC- TION IN PASQUOTANK COUNTY, AND FOR OTHER PUR- POSES. The General Assembly of North Carolina do enact:
That the purchaser or purchasers of any part of said bonds shall not be required to see to the application of the proceeds of the sale thereof, and said bonds shall be valid and binding obligations of said county, for which the full faith and credit and taxing power of said county is committed and pledged notwithstanding any misapplication of said proceeds.