NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 826

HOUSE BILL 1023

 

 

AN ACT TO AUTHORIZE APPROPRIATIONS BY THE BOARD OF COMMISSIONERS OF MONTGOMERY COUNTY FOR INDUSTRIAL DEVELOPMENT AND OTHER PURPOSES.

 

The General Assembly of North Carolina do enact:

 

Section 1. The Board of Commissioners of Montgomery County is authorized and empowered to appropriate annually from the general fund such amount as said board shall, in its discretion, determine to be desirable and necessary to carry out the provisions and purposes of this Act not to exceed the sum of ten thousand dollars ($10,000.00) annually.

Sec. 2. The said board is authorized and empowered to make such appropriations from any surplus funds, including funds in the sinking fund not needed for debt service, from surplus on hand in the general fund on June 30 of each year and not needed to finance regular appropriations in the general fund in the ensuing year, and from any source or sources of revenue coming into its hand other than funds derived from ad valorem taxation.

Sec. 3. The appropriations authorized by this Act shall be used and expended by said board, in its discretion, for the purpose of obtaining or aiding and encouraging the location in Montgomery County, manufacturing, industrial business and commercial plants and enterprises, the agricultural development of Montgomery County and surrounding territory, the advertising of the suitability of said county and the advantages it has to offer in connection with the foregoing and for such other purposes as will in the opinion of said board increase the population, taxable property values and the general and material welfare of said county. In addition, the said board may join with municipalities in the county and/or with other counties to jointly carry out such purposes. It is hereby found and declared that the annual appropriations herein authorized and the expenditure thereof as herein authorized for the purposes aforesaid constitutes and is for a lawful public purpose and that said expenditures are in the public interest and will promote the public welfare.

Sec. 4. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5. 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 9th day of June, 1959.