NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 694

SENATE BILL 520

 

 

AN ACT TO AMEND CHAPTER 202 OF THE PRIVATE LAWS OF 1925, BEING THE CHARTER OF THE TOWN OF MOREHEAD CITY, WITH REFERENCE TO THE POWERS OF SAID TOWN AND THE RAISING OF REVENUES IN SAID TOWN.

 

The General Assembly of North Carolina do enact:

 

Section 1. Section 1 of Chapter 202 of the Private Laws of 1925, being the Charter of the Town of Morehead City in the County of Carteret, is hereby amended by striking out the words and punctuation ", and acquire real and personal estate in the amount of two hundred thousand dollars." and inserting in lieu thereof the following words and punctuation "; may acquire and hold all such property, real and personal, as may be devised, bequeathed, sold, given or in any other manner conveyed or dedicated to or acquired by it, and from time to time may hold, or invest, sell, exchange or otherwise dispose of the same; and shall have and may exercise all municipal powers, functions, rights, privileges and immunities of every name and nature whatsoever."

Sec. 2. Section 32 of said Chapter 202 is hereby rewritten to read as follows:

"Sec. 32. The Board of Commissioners shall have the power and is hereby authorized to levy and collect for the purpose of raising revenue for defraying the expenses incident to the proper government of the Town of Morehead City an annual ad valorem tax on all taxable property in the Town of Morehead City at such rate on the one hundred dollars ($100.00) valuation of said property as is or may be from time to time provided by the general laws of the State, and in addition thereto the Board of Commissioners 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. The valuation of property within the town for the purpose of taxation shall be determined as provided by the general laws of the State."

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 All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.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 5th day of June, 1963.