NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 728

HOUSE BILL 927

 

 

AN ACT PERMITTING DAVIE COUNTY TO AUTHORIZE BONDS FOR SCHOOL PURPOSES IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF ONE MILLION SEVEN HUNDRED THOUSAND 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 Davie, 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 one million seven hundred thousand dollars ($1,700,000) 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 That all laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.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 3rd day of June, 1959.