NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1077

HOUSE BILL 1320

 

 

AN ACT TO AUTHORIZE THE GOVERNING BODY OF THE CITY OF LINCOLNTON TO SELL AT PUBLIC OR PRIVATE SALE CERTAIN PROPERTY KNOWN AS THE "CITY HALL PROPERTY" AND THE "FIRE STATION PROPERTY".

 

The General Assembly of North Carolina do enact:

 

Section 1. The governing body of the City of Lincolnton is authorized to sell at public or private sale the property known as the "City Hall Property" and bounded on the North by East Main Street, on the East by First Federal Savings and Loan Association property, on the South by East Water Street, and on the West by South Poplar Street and the property known as the "Fire Station Property" and bounded on the South by East Main Street, on the West by an alley or S. M. Roper's property, on the North by the property of the First Methodist Church, and on the East by the Beam property. The governing body may sell such property at such times, either separately or jointly, and under such terms and conditions as it deems best; provided, however, that if the governing body sells such property at private sale, the sale shall remain open for a period of ten (10)          days after receipt of any bid to permit the making of an upset bid. If during any such period of time an upset bid is made, the sale shall remain open for an additional ten (10)      days to permit the making of further upset bids. If the time for making an upset bid shall expire without such bid having been made, the governing board may confirm the sale if it deems the highest bid to be an adequate price.

Sec. 2. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3. This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 20th day of June, 1963.