NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

CHAPTER 759

HOUSE BILL 994

AN ACT TO AMEND G. S. 118-7 RELATING TO THE DISBURSEMENT OF FUNDS BY TRUSTEES OF THE FIREMEN'S RELIEF FUND OF THE CITY OF ASHEVILLE IN BUNCOMBE COUNTY.

The General Assembly of North Carolina do enact:

Section 1. G. S. 118-7, as the same appears in Replacement Volume 3B of the General Statutes, is hereby amended by adding at the end of said Section a proviso which shall read as follows:

"Provided, that the board of trustees duly appointed under G. S. 118-6 shall be required to pay over to the Asheville Firemen's Pension and Disability Fund on July 1st of each year all sums entrusted to said trustees in excess of the sum of ten thousand dollars ($10,000.00)."

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 All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3. This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 4th day of June, 1959.