NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 195

HOUSE BILL 518

 

AN ACT TO AUTHORIZE THE BOARD OF COUNTY COMMISSIONERS OF GUILFORD COUNTY TO INVEST CERTAIN FUNDS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  The Board of County Commissioners of Guilford County is hereby authorized to invest all funds which were formerly held by the Domestic Relations Court of Guilford County and which have remained in the County Treasury since December 1, 1968.

The Board of County Commissioners of Guilford County is further authorized to invest these funds in any manner as other County funds are now invested. After a period of five years from December 1, 1968, all remaining funds in this account shall be placed in and become a part of the County's General Fund. Provided, however, that all claims submitted and approved by the Board during this five year period shall be paid from this account.

Sec. 2.  All laws and clauses of laws in conflict with this act are hereby repealed.

Sec. 3.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 14th day of April, 1971.