HOUSE BILL 801
AN ACT TO AMEND CHAPTER 832 OF THE SESSION LAWS OF 1969 AS IT APPLIES TO STOKES COUNTY.
The General Assembly of North Carolina enacts:
Section 1. Section 12 of Chapter 832 of the 1969 Session Laws is hereby rewritten to read as follows:
"Sec. 12. Out of the total receipts derived from the operation of any alcoholic beverage control store created hereunder, after the payment of all cost and operating expenses and after retaining sufficient and proper working capital, the Walnut Cove Board of Alcoholic Control shall expend the sum of not less than five percent (5%) for law enforcement purposes. The remaining profits shall be distributed as follows:
(a) Fifty percent (50%) to the incorporated Town of Walnut Cove, North Carolina;
(b) Seven percent (7%) for education as to the effects of the use of alcoholic beverages;
(c) Thirty-eight percent (38%) to the general fund of Stokes County, North Carolina;
(d) Five percent (5%) to the Public Library of the incorporated Town of Walnut Cove, North Carolina."
Sec. 2. In all other respects, Chapter 832 of the Session Laws of 1969, is hereby affirmed.
Sec. 3. This act shall apply only to Stokes County.
Sec. 4. This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 3rd day of May, 1973.