NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 615

SENATE BILL 345

 

 

AN ACT TO AUTHORIZE APPROPRIATIONS BY THE TOWN COUNCIL OF THE TOWN OF TARBORO FOR INDUSTRIAL DEVELOPMENT AND OTHER PURPOSES.

 

The General Assembly of North Carolina do enact:

 

Section 1. The Town Council of the Town of Tarboro is hereby authorized and empowered to appropriate and set apart annually a fund in such amount as said council 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 council 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 funds.

Sec. 3. The said fund when made available and appropriated annually as authorized by this Act, shall be used and expended by said council, in its discretion, for the purpose of obtaining or aiding and encouraging the locating in or near the Town of Tarboro or in Edgecombe County of manufacturing, industrial, business and commercial plants and enterprises, the agricultural development of Edgecombe County, the advertising of the suitability of said town and 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 council increase the population, taxable property values and the general and material welfare of said town and 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 All laws and clauses of laws in conflict with this Act are hereby repealed.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 on and after its ratification.

In the General Assembly read three times and ratified, this the 26th day of May, 1959.