1913 public local laws – Ch.162 Sec.15
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CHAPTER 162 AN ACT FOR THE IMPROVEMENT OF THE PUBLIC ROADDS IN DEEP RIVER TOWNSHIP, MOORE COUNTY. The General Assembly of North Carolina do enact:
That the bonds hereby authorized to be issued shall not be sold for less than their par value, and shall not be delivered to the purchaser thereof until the purchase money thereof shall be paid to the treasurer of said township as herein provided. and said treasurer shall receive such moneys paid in the purchase of said bonds in his official capacity, and he and the sureties on his official bond shall be liable therefor, and he shall disburse the same only as provided by this act, upon the order of the board of road commissioners of said township or the chairman thereof duly authorized by said board, upon written order signed by said chairman. _ The moneys realized from the sale of said bonds or any portion CPP Ae oh e a thereof as provided by this act shall be used only for the purpose of establishing, laying out, improving, grading, and maintaining the public roads of Deep River Township: Provided, that the purchasers of said bonds shall not be held responsible for the application of said fund.