NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 842

HOUSE BILL 1497

 

 

AN ACT TO PROVIDE FOR AD VALOREM TAXATION BY THE MUNICIPALITY OF PINEHURST.

 

The General Assembly of North Carolina enacts:

 

Section 1. Chapter 993 of the 1949 Session Laws, as heretofore amended, is amended by adding a new Section 5A, immediately following Section 5, to read as follows:

"Sec. 5A. (1)  All of the provisions of the Machinery Act, Subchapter II of Chapter 105 of the General Statutes, which are applicable to cities and towns in this State shall be fully applicable to the municipality of Pinehurst, and all property subject to ad valorem taxation by Moore County which has a tax situs within the municipality of Pinehurst shall be taxable by that municipality.

(2)       For all purposes relating to ad valorem taxation and to the budgeting, expenditure and fiscal control of revenues derived therefrom, the governing body of the municipality of Pinehurst shall be the Village Council and their successors in office serving pursuant to the provisions of that certain consent judgment dated December 3, 1973, in the case of Erle G. Christian et al. v. Diamondhead Corporation et al., file number 73 CVS 594, of record in the office of the Clerk of the Superior Court of Moore County. All ad valorem tax revenues collected by the municipality of Pinehurst shall be maintained in the exclusive possession of, and shall be administered exclusively by, the Village Council.

(3)       All of the provisions of Subchapters I, II and III of Chapter 159 of the General Statutes shall be fully applicable to the municipality of Pinehurst, which shall be a 'public authority' for the purposes of the aforesaid Subchapters I, II and III."

Sec. 2. Except as herein amended, Chapter 993 of the Session Laws of 1949, as heretofore amended, shall remain in full force and effect.

Sec. 3. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 8th day of June, 1979.