Title: S.L. 1967-951

NORTH CAROLINA GENERAL ASSEMBLY
1967 SESSION

CHAPTER 951
SENATE BILL 667

AN ACT TO AMEND CHAPTER 841 OF THE SESSION LAWS OF 1955 RELATING TO ESTABLISHING ALCOHOLIC BEVERAGE CONTROL STORES IN THE CITY OF HIGH POINT.

The General Assembly of North Carolina do enact:

Section 1. That Section 6 of Chapter 841 of the Session Laws of 1955 is rewritten to read as follows:
"Sec. 6. The City of High Point Board of Alcoholic Control shall at the end of each quarterly period following the establishment of liquor control stores deduct the necessary expenses of the operation of such stores, and shall retain a sufficient and proper working capital, the amount to be determined by the Board; and the entire net profits derived from the operation of liquor control stores in the City of High Point shall be paid as follows:
"a.	Five per cent (5%) for law enforcement, education and rehabilitation purposes.
"b.	Twenty per cent (20%) of said net profits shall be apportioned and paid into the general fund of Guilford County.
"c.	Seventy‑five per cent (75%) of said net profits shall be paid to the Tax Collector of the City of High Point and may be used by the City of High Point for any public purposes."
Sec. 2. That all laws and clauses of laws in conflict with this Act are hereby repealed.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 from and after its ratification.
In the General Assembly read three times and ratified, this the 27th day of June, 1967.