NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 706

HOUSE BILL 795

 

 

AN ACT TO AMEND CHAPTER 141 OF THE SESSION LAWS OF 1961 AUTHORIZING THE BOARD OF COUNTY COMMISSIONERS OF STANLY COUNTY TO MAKE APPROPRIATIONS FOR INDUSTRIAL DEVELOPMENT PURPOSES TO CREATE AND FIX THE POWERS OF AN INDUSTRIAL DEVELOPMENT COMMISSION FOR STANLY COUNTY.

 

The General Assembly of North Carolina do enact:

 

Section 1. Chapter 141 of the Session Laws of 1961 is hereby amended by adding a new Section immediately following Section 5, to be designated as Section 5.1, and to read as follows:

"Sec. 5.1. The Industrial Development Commission may accept, receive and disburse in furtherance of its functions any funds, grants, and services made available by the Federal Government and its agencies, the State Government and its agencies, any municipalities or counties, and by private and civic sources."

Sec. 2. Section 6 of Chapter 141 of the Session Laws of 1961 is amended by adding a new Section immediately following Section 6, to be designated as Section 6.1, and to read as follows:

"Sec. 6.1. The Board of County Commissioners of Stanly County is hereby authorized and empowered to call a special election to determine whether it be the will of the qualified voters of Stanly County that they levy and cause to be collected annually, at the same time and in the same manner as the general county taxes are levied and collected, a special tax at a rate not to exceed five cents (5¢) on each one hundred dollars ($100.00) valuation of property in said county, to be known as an "Industrial Development Tax", the funds therefrom, if the levy be authorized by the voters of said county, to be used by the board of county commissioners in its discretion and as it may deem expedient and wise for the purposes for which the Industrial Commission for Stanly County is created. Said election, if called, shall be under the control and supervision of the Stanly County Board of Elections, as provided in G. S. 158-17, 158-18, and 158-19, 1964 Replacement Volume 3D.

If a majority of those voting in such election favor the levying of such a tax, the Board of County Commissioners of Stanly County are authorized to levy a special tax at a rate not to exceed five cents (5¢) on each one hundred dollars ($100.00) of assessed value of real and personal property taxable in said county, and the General Assembly does hereby give its special approval for the levy of such special tax.

Sec. 3. All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 4. 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 26th day of May, 1965.