NORTH CAROLINA GENERAL ASSEMBLY
1975 SESSION

CHAPTER 233
HOUSE BILL 572

AN ACT AMENDING ARTICLE 19 AND ARTICLE 21, CHAPTER 116, OF THE GENERAL STATUTES OF NORTH CAROLINA RELATING TO THE ISSUANCE OF REVENUE BONDS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 116-176 as the same appears in the 1974 Cumulative Supplement to Volume 3A of the General Statutes is hereby amended by:
(a)	deleting from the second sentence of the first paragraph thereof the words "not exceeding eight per centum (8%) per annum," and
(b)	rewriting the last sentence of the first paragraph thereof to read as follows:
"The board may sell such bonds in such manner, at public or private sale, and for such price, as it may determine to be in the best interest of the board."
Sec. 2.  G.S. 116-191 is amended by:
(a)	deleting from the second sentence of the first paragraph and the third sentence of the seventh paragraph thereof the words "not exceeding eight per centum (8%) per annum",
(b)	rewriting the last sentence of the first paragraph thereof to read as follows:
"The board may sell such bonds in such manner, at public or private sale, and for such price, as it may determine to be for the best interests of the board.", and
(c)	rewriting the last sentence of the seventh paragraph thereof to read as follows:
"The board may sell such notes in such manner, at public or private sale, and for such price, as it may determine to be for the best interests of the board."
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  All laws and clauses of laws in conflict with the provisions of this act are hereby repealed.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 upon its ratification.
In the General Assembly read three times and ratified, this the 6th day of May, 1975.