NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 635

SENATE BILL 575

 

 

AN ACT TO AUTHORIZE THE EXTENSION AND IMPROVEMENT OF CERTAIN UNIVERSITY ENTERPRISES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  The purpose of this act is to authorize the extension and improvement of certain University Enterprises, as defined in G.S. 116-41.1(9), which are located in or near Chapel Hill and are in the jurisdiction of and operated by the University of North Carolina.

Sec. 2.  The University of North Carolina is hereby authorized to extend and improve the telephone, electric, and water supply or treatment systems [identified as "University Enterprises" by G.S. 116-41.1(9)] or to undertake any other "project", as defined in G.S. 116-41.1(4), relating to the telephone, electric, and water systems.

Sec. 3.  The above listed projects, extensions and improvements may be financed, in whole or in part, from the sale of revenue bonds in an amount not to exceed $13,000,000 as authorized by Part 4 of Article 1 of G.S. Chapter 116.

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

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