NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 693

SENATE BILL 519

 

 

AN ACT AMENDING CHAPTER 308, SESSION LAWS OF 1959, EXTENDING THE TIME FOR ISSUANCE OF BONDS BY COUNTIES AND MUNICIPALITIES FOR PROVIDING STORAGE OF WATER AT PROJECTS CONSTRUCTED PURSUANT TO THE ACT OF CONGRESS CITED AS "WATER SUPPLY ACT OF 1958".

 

The General Assembly of North Carolina do enact:

 

Section 1.  That Chapter 308, Session Laws of 1959, entitled "An Act to authorize political subdivisions of the State, acting jointly, to appropriate funds and issue bonds for developing water supply for domestic, municipal and industrial and other purposes" is hereby amended by adding the following sentence at the end of Section 3 thereof: "Such bonds may be issued at any time within ten (10) years after the order authorizing the same has taken effect, notwithstanding the provisions of Section 153-102 of said Act.", and by adding the following sentence at the end of Section 4 thereof: "Such bonds may be issued at any time within ten (10) years after the ordinance authorizing the same has taken effect, notwithstanding the provisions of Section 160-389 of said Act."

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  All laws and clauses of laws in conflict with this Act are hereby repealed.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 from and after its ratification.

In the General Assembly read three times and ratified, this the 5th day of June, 1963.