NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION
CHAPTER 1216
HOUSE BILL 1557
AN ACT TO EXTEND TO ALL CITIES AND TOWNS THE AUTHORITY TO ISSUE GENERAL OBLIGATION BONDS AND TO LEVY THE REQUIRED TAXES FOR THE PAYMENT OF PRINCIPAL AND INTEREST THEREOF.
The General Assembly of North Carolina enacts:
Section 1. G.S. 160-397, as the same appears in Volume 3D, 1964 Replacement, of the General Statutes of North Carolina, is hereby re-enacted for the purpose of making the authority granted therein applicable to all cities and towns.
Sec. 2. The Revisor of Statutes is directed to assure that appropriate indication of this re-enactment is made in the General Statutes.
Sec. 3. All laws and clauses of laws whether general, local, or special, in conflict with this act are hereby repealed.
Sec. 4. This act shall become effective July 1, 1971.
In the General Assembly read three times and ratified, this the 21st day of July, 1971.