NORTH CAROLINA GENERAL ASSEMBLY
1959 SESSION

CHAPTER 205
HOUSE BILL 323

AN ACT PERMITTING LINCOLN COUNTY TO AUTHORIZE BONDS FOR SCHOOL PURPOSES IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF TWO MILLION DOLLARS NOTWITHSTANDING THE LIMITATION OF DEBT FOR SUCH PURPOSES IN THE COUNTY FINANCE ACT.

The General Assembly of North Carolina do enact:

Section 1. That, pursuant to the provisions of The County Finance Act (Article 9 of Chapter 153 of the General Statutes of North Carolina) the Board of Commissioners for the County of Lincoln, North Carolina, is hereby authorized and empowered to pass a bond order or bond orders authorizing the issuance of bonds of said county for school purposes as provided in clause (a) of Section 153‑77 of said General Statutes in the maximum aggregate principal amount of two million dollars ($2,000,000), notwithstanding any limitation contained in Section 153‑87 of said General Statutes.
Sec. 2. The powers granted by this Act are in addition to and not in substitution for any other powers heretofore or hereafter granted to said county.
Sec. 3. That all laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.
Sec. 4. That 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 1st day of April, 1959.