NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

CHAPTER 58

HOUSE BILL 50

AN ACT AMENDING CHAPTER 496 OF THE 1961 SESSION LAWS AUTHORIZING A TAX LEVY IN GRANVILLE COUNTY FOR BUILDING AND REPAIR PURPOSES.

The General Assembly of North Carolina do enact:

Section 1. Section 1 of Chapter 496 of the 1961 Session Laws of North Carolina is hereby amended by rewriting all of the Section following the first three lines to read as follows:

"The Board of Commissioners of Granville County, to meet the costs of erecting and repairing buildings for county use and for general improvements and repairs to county buildings and equipment, may annually levy a tax not to exceed ten cents (10¢) per one hundred dollar ($100.00) valuation of property on taxable property in the county, the proceeds of which, when added to other available funds, is calculated to produce, by accumulation during a period of years, sufficient funds to pay for the erection, improvement and repair of buildings and equipment for county use as may be required. All funds raised and set aside for this purpose from such special levy or from other sources shall be placed in a sinking fund or otherwise earmarked and shall not be available or expended for any other purpose. The levy herein authorized is hereby declared to be for a necessary expense and for a special purpose."

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 All laws and clauses of laws in conflict with this Act are hereby repealed.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 from and after its ratification.

In the General Assembly read three times and ratified, this the 10th day of March, 1965.