HOUSE BILL 825
AN ACT CONCERNING THE PIKEVILLE FRANCHISE FOR ELECTRIC POWER.
The General Assembly of North Carolina do enact:
Section 1. Notwithstanding any provision of the Charter of the Town of Pikeville, the said town shall continue to exercise and use for its own benefit its franchise for electric power and the Board of Aldermen shall not, absent an affirmative vote of the majority of the residents of said town approving the same, release, sublet, or give up the said franchise for electric power.
Sec. 2. This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 26th day of May, 1971.