NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 532

HOUSE BILL 842

 

 

AN ACT TO AUTHORIZE THE BOARD OF COMMISSIONERS OF DAVIE COUNTY TO EXPEND CERTAIN SURPLUS FUNDS NOW HELD BY THE COUNTY FOR HOSPITAL EXPANSION PURPOSES.

 

WHEREAS, pursuant to the Municipal Hospital Facilities Act of North Carolina, the Board of Commissioners of Davie County did establish, construct and equip a county hospital in said county in the manner prescribed by said Act; and

WHEREAS, pursuant to said Act and the County Finance Act, the Board of Commissioners of Davie County did order and authorize the issuance of one hundred thousand dollars ($100,000.00) in county hospital bonds for the construction of said hospital facility and did order and authorize the levy of a special tax of not more than ten cents (10¢) on each one hundred dollars ($100.00) assessed value of real and personal property in said county, if necessary, for the purpose of financing the cost of operation, equipment and maintenance of said hospital, which said bond issue and special tax were duly submitted to a vote of the people of Davie County and approved at a special election called and held for such purpose on the 21st day of November, 1953; and

WHEREAS, said hospital began operation in the year 1956 and has continued to operate and is now operating at the present time; and

WHEREAS, said special tax of ten cents (10¢) on the one hundred dollars ($100.00) of assessed valuation has been levied in each of said years beginning with 1956 and continuing through 1962, except that in the year 1960 only eight cents (8¢) of said amount was levied; and

WHEREAS, said hospital has realized a surplus from its operation after all expenses and allowable deductions in each year since it began operating; and

WHEREAS, the said hospital surplus for the years 1956 through 1962 has accumulated in a special fund maintained by the hospital trustees designated "Funded Depreciation" amounting to approximately one hundred sixty-seven thousand dollars ($167,000.00) at the end of 1962; and

WHEREAS, the trustees of the said hospital and board of county commissioners desire to use the said amount now accumulated for the purpose of adding an additional 30-bed facility to said hospital or otherwise expanding the same: Now, therefore,

 

The General Assembly of North Carolina do enact:

 

Section 1. The Board of Commissioners of Davie County is hereby authorized and empowered to expend, or to authorize the Trustees of the Davie County Hospital to expend, the surplus funds amounting to approximately one hundred sixty-seven thousand dollars ($167,000.00) accumulated from operations and any additional sums which may accumulate from operations during the calendar year 1963 for the purpose of expanding the hospital facility, including the erection of a needed 30-bed addition to the hospital or for other lawful hospital purposes.

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

Sec. 3. This Act shall be in full force and effect upon its ratification.

In the General Assembly read three times and ratified, this the 22nd day of May, 1963.