NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 834

SENATE BILL 354

 

 

AN ACT TO EXEMPT FROM INTANGIBLES TAXES BONDS, NOTES AND EVIDENCES OF DEBTS ISSUED BY NON-PROFIT EDUCATIONAL INSTITUTIONS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 105-202, as the same appears in the 1965 Replacement Volume 2D of the General Statutes of North Carolina, is hereby amended by inserting in line 3 of the third paragraph thereof between the word "units" and the comma (,) following said word the following: ", or of nonprofit educational institutions organized or chartered under the laws of the State of North Carolina".

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  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect on and after December 31, 1965.

In the General Assembly read three times and ratified, this the 8th day of June, 1965.