NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 145
HOUSE BILL 227

AN ACT TO AMEND CHAPTER 596, SESSION LAWS OF 1945, AS AMENDED, THE SAME BEING A PART OF THE CHARTER OF THE TOWN OF JAMESVILLE, RELATING TO THE AD VALOREM TAXING POWER OF THE TOWN.

The General Assembly of North Carolina do enact:

Section 1.  Section 18 of Chapter 596, Session Laws of 1945, as amended, the same being a part of the charter of the Town of Jamesville, be and the same is hereby rewritten to read as follows:
"Sec. 18. For the purpose of raising revenue for defraying the expenses incident to the proper government of the town, the board of commissioners shall have power to levy and collect an annual ad valorem tax upon all taxable property within the town not to exceed the limit fixed by G.S. 160-402 for general purposes, and in addition thereto they shall annually levy and collect a tax ad valorem upon all the taxable property in the town sufficient to pay the principal of and the interest on all bonds and notes of the town as such principal and interest shall become due."
Sec. 2.  All laws and clauses of laws in conflict with the provisions of this act are hereby repealed.
Sec. 3.  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 1st day of April, 1971.