NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

CHAPTER 507

HOUSE BILL 688

AN ACT TO AUTHORIZE THE BOARD OF COUNTY COMMISSIONERS OF FRANKLIN COUNTY TO PLACE CERTAIN SURPLUS FUNDS INTO A SPECIAL FUND TO BE USED FOR CAPITAL IMPROVEMENTS.

The General Assembly of North Carolina do enact:

Section 1. In all those townships or special taxing districts, except in Franklinton and Louisburg Townships, in Franklin County, where surplus funds which now or may hereafter remain and are surplus after the payment of all bonded indebtedness of said townships or special taxing districts, the board of county commissioners of said county is authorized to place such surplus-funds in a special fund to be used in its discretion for capital improvements in the county.

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 All laws and clauses of laws in conflict with this Act are hereby repealed.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 on and after its ratification.

In the General Assembly read three times and ratified, this the 12th day of May, 1959.