NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 979

HOUSE BILL 1296

 

 

AN ACT TO AUTHORIZE THE TOWN OF TARBORO TO CONVEY CERTAIN PROPERTY NO LONGER NEEDED BY SAID TOWN TO THE TARBORO CITY SCHOOL BOARD FOR THE PURPOSE OF BEING USED AS A SITE FOR A NEW SCHOOL BUILDING.

 

The General Assembly of North Carolina do enact:

 

Section 1. The Town of Tarboro through its governing authority is hereby authorized to sell and convey at private sale to the Tarboro City Board of Education a tract of land containing approximately forty-one and eight tenths (41.8) acres, situated and being in Number One Township, Edgecombe County, North Carolina, and being described in a deed conveying said land to the Town of Tarboro executed by W. L. Speight and wife and Bingham M. Speight, on August 27, 1948, and recorded in Book 462, at page 499 in the Public Registry of Edgecombe County.

Sec. 2. The Town of Tarboro through its governing authority is hereby empowered and authorized to execute a good and sufficient deed conveying the title to said land mentioned above to the Tarboro City School Board in fee simple, and such sale may be made for such consideration and upon such terms as, in the judgment of the governing authority of the Town of Tarboro, shall be for the best interests of the public at large having in consideration the need of the Tarboro City Board of Education of said property as a site for a new building.

Sec. 3. The governing authority of the Town of Tarboro and the Tarboro City Board of Education are both authorized and empowered to execute such instruments, contracts, promissory notes or other legal documents as will carry out and make effective the agreement of the parties in order to effectuate and complete said sale, and among other things the governing authority of the Town of Tarboro is authorized to accept from the Tarboro City School Board a promissory note executed by said School Board in the amount of twenty-six thousand, six hundred thirty-seven dollars and eighty cents ($26,637.80), or such other amount as may be agreed upon, as full consideration or purchase price of said land mentioned in Section 1 of this Act, said promissory note to be without interest and to be payable from funds appropriated to the Tarboro City Schools for school purposes for the fiscal year 1964-65. The Tarboro School Board is authorized to execute said note as a consideration for the purchase of said property and to execute such other and further agreements as may be necessary to secure title to said property as a school site for a new school building.

Sec. 4. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5. 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 18th day of June, 1963.