Common Contracts

Installment Financing and Security Agreement

Financing and Security Agreement • August 18th, 2023

• Contract Type
  Financing and Security Agreement
• Filed
  August 18th, 2023

WHEREAS, the Town has the power, pursuant to the General Statutes of North Carolina to (1) enter into installment contracts in order to purchase, or finance or refinance the purchase of, real or personal property and to finance or refinance the construction or repair of fixtures or improvements on real property and (2) create a security interest in some or all of the property financed or refinanced to secure repayment of the purchase price;