Title: S.L. 1965-1019
Category: Introduced Bill
Keywords: Bill ?

NORTH CAROLINA GENERAL ASSEMBLY
1965 SESSION

CHAPTER 1019
HOUSE BILL 852

AN ACT TO AMEND SECTION 160-200(40) OF CHAPTER 160 OF THE GENERAL STATUTES OF NORTH CAROLINA TO AUTHORIZE THE ISSUANCE OF BONDS BY MUNICIPALITIES AND OTHER POLITICAL SUBDIVISIONS OF THE STATE FOR PUBLIC ART GALLERIES, MUSEUMS AND ART CENTERS.

The General Assembly of North Carolina do enact:

Section 1.  Subdivision (40) of Section 160-200 of Chapter 160 of the General Statutes of North Carolina is hereby amended by adding the following paragraph at the end thereof:
"Subject to the approval by the vote of a majority of the qualified voters of any municipality or other political subdivision of the State who shall vote thereon at any general or special election called for such purpose, the governing body of any such municipality or political subdivision is hereby authorized and empowered to issue bonds for the purpose of acquiring, erecting, improving, remodeling or enlarging buildings and facilities, and acquiring necessary land and equipment for public museums of all kinds, public art galleries or art centers owned or operated by such municipality or political subdivision, and to levy a tax ad valorem upon all the taxable property therein for the payment of such bonds and the interest thereon. Any bonds so voted and any bond anticipation notes that may be issued to anticipate the receipt of the proceeds of such bonds shall be issued in accordance with the provisions of The Municipal Finance Act, 1921, as amended, and the Local Government Act, as amended. The question of issuing bonds under the provisions of this subsection may be submitted to the voters at a general election for the officers of the municipality or political subdivision or at a special election called by the governing body of the municipality or political subdivision for that purpose; provided, however, that no special election shall be held within sixty days before or after any general election for State, county or municipal officers."
Sec. 2.  All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.
Sec. 3.  This Act shall be in full force and effect from and after its ratification.
In the General Assembly read three times and ratified, this the 14th day of June, 1965.