NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 1047

SENATE BILL 478

 

 

AN ACT AMENDING CHAPTER 708, SESSION LAWS OF 1943 AS AMENDED BY CHAPTER 602, SESSION LAWS OF 1945, SO AS TO REQUIRE NEW HANOVER COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD TO PAY INTO THE RETIREMENT SYSTEM FOR EMPLOYEES OF THE CITY OF WILMINGTON THE AMOUNT FOUND NECESSARY AND ACTUALLY PAID BY THE CITY OF WILMINGTON IN BEHALF OF THE EMPLOYEES OF SAID BOARD.

 

The General Assembly of North Carolina do enact:

 

Section 1. That subsection (f), Section 7 of Chapter 708, Session Laws of 1943, as added by Chapter 602, Session Laws of 1945, be and the same is hereby amended by striking from lines 16, 17, 18, 19 and 20 of said subsection the following language:

"The said Board is further authorized and required to deduct monthly from its receipts and/or funds in hand a sum equal to five per centum (5%) of the aggregate of all salaries or compensation paid to its regular employees;" and substituting in lieu thereof the following:

"The said Board is further authorized and required to deduct monthly from its receipts and/or funds in hand such a sum as found necessary and actually paid by the City of Wilmington in behalf of the employees of said Board;"

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 All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 3. This Act shall be in full force and effect from and after July 1, 1959.

In the General Assembly read three times and ratified, this the 17th day of June, 1959.