NORTH CAROLINA GENERAL ASSEMBLY
1965 SESSION

CHAPTER 274
HOUSE BILL 359

AN ACT AUTHORIZING FORSYTH COUNTY AND THE CITY OF WINSTON‑SALEM TO APPROPRIATE NONTAX FUNDS TO THE WINSTON‑SALEM FOUNDATION FOR CAPITAL IMPROVEMENTS OF FORSYTH COUNTY MEMORIAL COLISEUM.

WHEREAS, the Winston‑Salem Foundation, a nonprofit, tax exempt organization, owns and operates Forsyth County Memorial Coliseum; and
WHEREAS, Forsyth County Memorial Coliseum was built with funds contributed by the citizens of Winston‑Salem and Forsyth County as a memorial to those who served in World War II, and is operated for the benefit of the public, being leased to any responsible organization for public gatherings and conventions, exhibitions, trade fairs, Dixie Classic Fair, circuses, athletic events, rodeos, political gatherings, large banquets, musical events and all such other occasions and performances as a publicly owned and operated auditorium or coliseum may be used for; and
WHEREAS, said Forsyth County Memorial Coliseum is paid for in full but its operation does not generate sufficient funds to provide adequately for necessary and desirable capital improvements to the building, parking areas and grounds surrounding the coliseum: Now, therefore,
The General Assembly of North Carolina do enact:
Section 1. The General Assembly of North Carolina does hereby find and declare that the operation of the Forsyth County Memorial Coliseum, as aforesaid, constitutes a public purpose and does hereby authorize Forsyth County and the City of Winston‑Salem to appropriate such funds as their respective governing boards shall determine to be reasonable and proper for capital improvements for Forsyth County Memorial Coliseum and the parking area and grounds surrounding the coliseum which are owned by the Winston‑Salem Foundation and are used in connection with the operation of Forsyth County Memorial Coliseum; provided, that funds so appropriated shall be limited to funds derived from bonds authorized by vote of the county or city appropriating same or from nontax funds of the city or county appropriating same.
Sec. 2. All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3. This Act shall be in full force and effect upon its ratification.
In the General Assembly read three times and ratified, this the 16th day of April, 1965.