If there shall be no contests for office, and no matters or propositions to be voted upon at any such election, then such election shall not be held, and the duly qualified candidates shall be deemed elected as of the date the election would otherwise have been held, and the board of directors must declare on its records such candidates to have been elected.
[Part 5:64:1919; A 1933, 271; 1931 NCL § 8012]