NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 533

SENATE BILL 251

 

 

AN ACT TO AUTHORIZE APPROPRIATIONS BY THE BOARD OF COMMISSIONERS OF EDGECOMBE COUNTY FOR INDUSTRIAL DEVELOPMENT AND OTHER PURPOSES.

 

The General Assembly of North Carolina do enact:

 

Section 1. The Board of Commissioners of Edgecombe County is authorized and empowered to appropriate and set apart annually a fund in such amount as said board shall in its discretion determine annually to be desirable and necessary to carry out the provisions and purposes of this Act up to and including the sum of ten thousand dollars ($10,000.00) annually.

Sec. 2. The said board is hereby authorized and empowered to appropriate annually and set apart said fund as authorized in Section 1 hereof, in its discretion, from any surplus funds and from source or sources of revenue coming into its hand other than funds derived from taxation, and to accumulate any unexpended portions thereof for future use.

Sec. 3. The said fund when made available and appropriated annually as authorized by this Act shall be used and expended by said board, in its discretion, for the purpose of obtaining or aiding and encouraging the locating in Edgecombe County of manufacturing, industrial business and commercial plants and enterprises, the agricultural development of Edgecombe County and surrounding territory, the advertising of the suitability of said county and the advantages it has to offer in connection with the foregoing and for such other purposes as will in the opinion of said board increase the population, taxable property values and the general and material welfare of said county. It is hereby found and declared that the annual setting apart and the raising and providing for the fund as herein set forth and the expenditure thereof as herein authorized for the purposes aforesaid constitutes and is for a lawful public purpose and that said expenditures are in the public interest and will promote the public welfare.

Sec. 4. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5. 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 15th day of May, 1959.