NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 1216

HOUSE BILL 1557

 

 

AN ACT TO EXTEND TO ALL CITIES AND TOWNS THE AUTHORITY TO ISSUE GENERAL OBLIGATION BONDS AND TO LEVY THE REQUIRED TAXES FOR THE PAYMENT OF PRINCIPAL AND INTEREST THEREOF.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 160-397, as the same appears in Volume 3D, 1964 Replacement, of the General Statutes of North Carolina, is hereby re-enacted for the purpose of making the authority granted therein applicable to all cities and towns.

Sec. 2.  The Revisor of Statutes is directed to assure that appropriate indication of this re-enactment is made in the General Statutes.

Sec. 3.  All laws and clauses of laws whether general, local, or special, in conflict with this act are hereby repealed.

Sec. 4.  This act shall become effective July 1, 1971.

In the General Assembly read three times and ratified, this the 21st day of July, 1971.