NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 997

SENATE BILL 483

 

 

AN ACT TO AMEND SECTION 160-414 OF ARTICLE 34 OF CHAPTER 160 OF THE GENERAL STATUTES OF NORTH CAROLINA DEALING WITH THE REVENUE BOND ACT OF 1938.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Section 160-414 of the General Statutes of North Carolina is hereby amended by rewriting subparagraph (4) to read as follows:

(4)        The term "parking facilities" shall mean any area or place operated or to be operated by a municipality for the parking or storing of motor and other vehicles, open to public use for a fee, and shall without limiting the foregoing, include all real and personal property, driveways, roads, approaches, structures, garages, meters, mechanical equipment, and all appurtenances and facilities either on, above or under the ground which are used or usable in connection with such parking or storing of such vehicles, including on-street parking meters if so provided by the governing authority. The term "cost" as applied to parking facilities or to extensions thereto shall include the cost of acquisition, construction, reconstruction, improvement, betterment, or extension, the cost of all labor, materials, machinery and equipment, the cost of all lands, easements, rights in lands and interests acquired by the municipality for such parking facilities or the operation thereof, the cost of demolishing or removing any buildings or structures on lands so acquired, including the cost of acquiring any lands to which such buildings or structures may be moved, and may include, in addition to the items of cost specified in § 160-416, financing charges, cost of plans, specifications, surveys and estimates of cost and of revenues, administrative expense, and such other expense as may be necessary or incident to such acquisition, construction or reconstruction, improvement, betterment or extension, the financing thereof and the placing of the parking facilities in operation.

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed to the extent of such conflict.

Sec. 3.  This Act shall be effective upon its ratification.

In the General Assembly read three times and ratified, this the 14th day of June, 1965.