NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 1120

HOUSE BILL 1575

 

 

AN ACT EXEMPTING FROM THE PROVISIONS OF ARTICLE 12, CHAPTER 160A OF THE GENERAL STATUTES OF NORTH CAROLINA, THE COUNTY OF WASHINGTON AS TO PURCHASES, LEASES, OR SALES OF REAL ESTATE OWNED OR HEREAFTER OWNED BY IT FOR THE USE AND BENEFIT OF ITS AGENCY, THE ECONOMIC DEVELOPMENT COMMISSION, OR BY SUCH COMMISSION ITSELF, AND AUTHORIZING ACQUISITION OF REAL PROPERTY.

 

The General Assembly of North Carolina enacts:

 

Section 1. The County of Washington is hereby exempt from all provisions, restrictions and limitations as to methods and procedures required to effectuate purchases, leases, or sales of real estate provided for in Article 12, Chapter 160A of the General Statutes of North Carolina in connection with any purchase, lease or sale of real estate made by it for and on behalf of its agency, the Economic Development Commission, both as to real estate now owned or hereafter owned by it for the use and benefit of said Commission or by said Commission itself.

Sec. 2. The County of Washington by it for and on behalf of its agency, the Economic Development Commission, or said Commission itself, is authorized to acquire, by purchase, devise, exchange, or gift, any real property or any interest in real property, for the purpose of economic development. The power of condemnation may not be used for such acquisition.

Sec. 3. This act is effective with respect to a purchase, sale, or lease only if such purchase, sale or lease is given prior approval by a Resolution of the Board of County Commissioners of the County of Washington authorizing said purchase, lease or sale. Such lease or sale may be for cash or with deferred payments secured by a purchase money deed of trust. It is the intent hereof that purchases, leases, and sales may be negotiated and consummated without further formality other than the required Resolution by the aforesaid Board all on terms as negotiated.

Sec. 4. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 19th day of June, 1980.