NORTH CAROLINA GENERAL ASSEMBLY
1961 SESSION
CHAPTER 1037
SENATE BILL 5
AN ACT TO AUTHORIZE THE ISSUANCE OF $47,505,000 (AMOUNT CHANGED BEFORE PASSAGE TO $61,665,000) OF BONDS OF THE STATE TO PROVIDE FOR CAPITAL IMPROVEMENTS FOR STATE INSTITUTIONS AND AGENCIES SUBJECT TO A VOTE OF THE QUALIFIED VOTERS OF THE STATE.
The General Assembly of North Carolina do enact:
Section 1. This Act shall be known and may be cited as the "State Capital Improvement Voted Bond Act of 1961."
Sec. 2. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "Capitol Area Building Bonds" in an aggregate principal amount not exceeding two million eight hundred fifty-eight thousand dollars ($2,858,000.00), for the purpose of providing funds, with any other funds available therefor, for the construction of needed buildings for State purposes in the Capitol area, as follows:
1. Department of Administration.......................................... $2,858,000
State Surplus Property Building....................................... $ 58,000
New State Office Building............................................... 2,800,000
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Sec. 3. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State Training Schools Capital Improvement Bonds" in an aggregate principal amount not exceeding one million one hundred ten thousand dollars ($1,110,000.00), for the purpose of providing funds, with any other funds available therefor, for needed Capital Improvements at the State's Correctional Schools, as follows:
1. Stonewall Jackson Manual Training and
Industrial School............................................................. $373,000
Completion of Academic and Vocational School............. $373,000
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2. State Home and Industrial School for Girls...................... 95,000
Cottage for 25 Girls........................................................ 95,000
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3. Morrison Training School................................................ 207,500
Segregation Addition to Dormitory.................................. 24,500
Two Staff Cottages......................................................... 23,000
Cottage for 50 Boys....................................................... 160,000
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4. Eastern Carolina Industrial Training
School for Boys.............................................................. 287,000
Milking Barn................................................................... 26,000
Cottage for 25 Boys and 10 Detention Rooms................ 106,000
Renovation of Horne and Braswell Cottages.................... 155,000
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5. State Training School for Girls — Dobbs Farm............... 147,500
Classroom Addition to School Building........................... 72,500
Cottage for 25 Girls........................................................ 75,000
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Sec. 4. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State Educational Institutions Capital Improvement Bonds" in an aggregate principal amount not exceeding thirty-one million eight thousand dollars ($31,008,000.00) for the purpose of providing funds, with any other funds available therefor, for needed Capital Improvements at the State's educational institutions, as follows:
1. University of North Carolina —
Health Affairs.................................................. $2,000,000
Addition to Health Center................................ $3,628,000
Less: Federal Grant......................................... 1,628,000 $2,000,000
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2. University of North Carolina —
Academic Affairs............................................. 3,892,000
Student Center and
Undergraduate Library..................................... 2,622,000
Less: Student Fees........................................... 1,000,000 1,622,000
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Addition to Heating Plant and
Steam Piping System....................................... 1,380,200
Less: University Enterprises Funds................... 690,200 690,000
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Cafeteria and Service Building.......................... 730,000
Remodel Cobb Dormitory............................... 50,000
Renovation of Phillips Hall................................ 205,000
Paving Driveways and Parking Lots................. 25,000
Wilson Hall Addition........................................ 570,000
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3. State College of Agriculture
and Engineering............................................... 4,501,000
Renovate Mann Hall........................................ 200,000
Building for Industrial Experimental
Program and Ceramics Department.................. 125,000
Dormitory for 800 Men (1/2 Cost)................... 1,075,000
Addition to Gardner Building............................ 775,000
Renovate Frank Thompson Gymnasium........... 170,000
General Forestry Building................................. 833,000
Renovation and Replacement of
Facilities at Forestry Camp.............................. 50,000
Utilities — Repairs, Renovations and
Additions......................................................... 165,000
Air Condition Library Building.......................... 150,000
Landscaping and Streets.................................. 158,000
Land Acquisition, 800 Acres Land and
Buildings Thereon (Finley Property)................. 800,000
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4. State College — Agricultural Experiment
Station............................................................. 240,000
Elevator Replacement — Polk Hall.................. 15,000
Buildings — Horticulture Research
Station— Castle Hayne................................... 14,300
Buildings — Mountain Horticulture
Research Station — Fletcher........................... 34,700
Buildings — Central Crops
Research Station.............................................. $ 50,000
Building's — Sandhills Research
Station Jackson Springs................................... 17,000
Tobacco Research Buildings and
Land, Coastal Plain Area................................. 100,000
Modernize Dairy Farm Facilities....................... 9,000
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5. Woman's College of the University of
North Carolina................................................ $2,852,000
Dormitory Renovations.................................... 538,000
Additions to Aycock Music Building................ 883,000
Dining Hall Improvements................................ 150,000
Two Dormitories for Girls (1/2 Cost)............... 860,000
Two Home Management Units......................... 60,000
Swimming Pool Addition (1/2 Cost)................. 80,000
Widen West Drive........................................... 55,000
Air Condition Library Building.......................... 190,000
Nursery School Addition................................. 36,000
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6. East Carolina College...................................... 3,406,750
Classroom Building.......................................... 905,000
Dormitory for 400 Girls (3/4 Cost)................... 800,000
Addition to Libraries........................................ 423,000
Dormitories and Cafeteria for
520 Men (1/2 Cost)........................................ 737,750
Addition to Wright Building (1/2 Cost)............. 274,000
Outdoor Athletic Facilities................................ 50,000
Purchase of Land............................................. 217,000
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7. The Agricultural and Technical College............. 1,784,390
Heating Plant Equipment.................................. 110,000
Biology Building............................................... 818,000
Student Center (1/2 Cost)................................ 500,000
Trade Shop Equipment.................................... 61,390
Campus Lights, Walks, Roads, Parking
Areas, Grading and Drainage........................... 35,000
Air Condition Library Building.......................... 60,000
Purchase of Lutheran College Property............ 200,000
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8. Western Carolina College................................ 1,926,000
Addition to Cafeteria....................................... 58,700
Addition to Student Center (1/2 Cost).............. 450,000
Two Dormitories for 400 Students
(1/2 Cost)....................................................... 537,500
Steam Generating Equipment........................... $ 125,000
Greenhouse..................................................... 5,200
Campus Improvements.................................... 21,000
Addition to Hunter Library............................... 258,600
General Campus Landscaping.......................... 20,000
Additional Water Supply and Distribution......... 200,000
Campus Laboratory School and Equipment
(Supplement to 1959 Appropriation)................ 250,000
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9. Appalachian State Teachers College................ $4,308,960
Classroom Building.......................................... 723,000
Dormitory for 300 Women (140 Beds Full
Cost, Remainder 1/2 Cost).............................. 591,000
Dormitory for 200 Women (140 Beds Full
Cost, Remainder 1/2 Cost, Less Previous
Appropriation of $143,700)............................. 312,400
Student Center and Cafeteria (Part
Self‑Liquidating).............................................. 1,017,500
Furniture and Equipment — Old
Science Building.............................................. 26,000
New 100 HP Boiler and Plant Repairs............. 48,000
Landscaping.................................................... 50,000
Expansion of Underground Steam Lines........... 49,060
Health and Physical Educational Building.......... 852,000
Land Purchase................................................. 237,000
Dormitory for Women (1/2 Cost)..................... 403,000
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9 1/2. Pembroke State College............................ 134,400
Dormitory for 50 Women................................ 134,400
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10. Elizabeth City State Teachers College.............. 775,500
Dormitory for 150 Boys (1/2 Cost).................. 207,500
Vocational — Technical Building...................... 340,000
Student Center (1/2 Cost)................................ 192,500
Grounds Improvement..................................... 35,500
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11. Fayetteville State Teachers College.................. 786,750
Classroom Building.......................................... 371,000
Campus Drainage and Grounds
Improvements.................................................. 92,000
Replacement of Bickett Hall Dormitory for
200 Women (1/2 Cost)................................... 268,750
Additions to Library......................................... 55,000
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12. North Carolina College at Durham................... $1,671,250
Alterations and Repairs to Administration
Building........................................................... $ 100,000
Listening Room (Commerce Building).............. 44,000
Dormitory for 400 Women (1/2 Cost).............. 537,500
Dormitory for 300 Men (1/2 Cost)................... 403,250
Student Center (1/2 Cost)................................ 312,500
Addition to Cafeteria....................................... 250,000
Storage Building.............................................. 24,000
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13. State School for the Blind and the Deaf............ 672,000
Primary Unit — Colored Division..................... 510,000
Part Primary Units — White Division............... 162,000
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14. North Carolina School for the Deaf at
Wilson............................................................. 2,057,000
New Buildings, land, additions, alterations,
remodeling and equipment of present
buildings.......................................................... 2,057,000
____________
Sec. 5. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "Community College Capital Improvement Bonds", in an aggregate principal amount not exceeding one million four hundred eight‑three thousand dollars ($1,483,000.00) for the purpose of providing funds for grants-in-aid for community college capital improvements, as follows:
1. Grants‑in‑aid for Community
Colleges.......................................................... $1,483,000
a. Asheville‑Biltmore..................................... $ 416,285
b. Carver College.......................................... 250,000
c. Charlotte College....................................... 696,500
d. College of the Albemarle............................ 20,215
e. Wilmington College.................................... 100,000
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Sec. 6. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "Archives and History and State Library Building Bonds", in an aggregate principal amount not exceeding two million five hundred sixty thousand dollars ($2,560,000,00) for the purpose of providing funds with any other funds available there for, for construction of a building to house the Department of Archives and History and the State Library as follows:
1. Department of Administration.............................. $2,560,000
Building to House the State Department of
Archives and History and the State Library.......... $2,560,000
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Sec. 7. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State Ports Bonds", in an aggregate principal amount not exceeding thirteen million five hundred thousand dollars ($13,500,000.00) for the purpose of providing funds, with any other funds available therefor, for construction, acquisition, and improvement of State Ports facilities, as follows:
1. State Ports Authority....................................... $13,500,000
Construction, Acquisition, and
Improvements to Ports Facilities....................... $13,500,000
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The Director of the Budget, upon approval by the Advisory Budget Commission may authorize and direct the State Ports Authority to expend sums not exceeding four hundred thousand dollars ($400,000.00), from funds appropriated in this Section, for the purpose of developing an inland port or for developing inland ports.
Sec. 8. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State Mental Institutions Capital Improvement Bonds", in an aggregate principal amount not exceeding seven million three hundred ninety-six thousand dollars ($7,396,000.00), for the purpose of providing funds, with any other funds available therefor, for the construction of needed Capital Improvements at the State's Mental Institutions, as follows:
1. Dorothea Dix Hospital..................................... $ 749,000
Renovate Kirby Building.................................. $ 165,000
Renovate Hoey Building................................... 115,000
Renovate Council Building............................... 165,000
Renovate Edgerton Building............................. 104,000
Completion of Electrical Distribution
System .............................................. 200,000
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2. Cherry Hospital............................................... 396,000
Renovate Electrical Distribution System............ 150,000
Additional Grain Handling and Storage
Facilities.......................................................... 28,000
Overhead Water Tank..................................... $ 80,000
Paving Streets.................................................. 33,000
Renovate Linville Building................................ 105,000
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3. O'Berry School............................................... $ 166,000
Swimming Pool................................................ 66,000
Additional Classrooms..................................... 100,000
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4. John Umstead Hospital.................................... 5,419,000
Air Conditioning Medical and Surgical
Ward Buildings................................................ 315,000
Renovate Wards 29, 41, 42, 43 and 44........... 1,585,000
Central Heating Plant Improvements.... 350,000
Addition to Administration Building and
Renovation of Connecting Corridors................ 148,000
Construction of Reservoir for Water
System ........................................... 1,181,000
Renovate 6 Ward Buildings.............................. 1,840,000
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5. Murdoch School.............................................. 258,000
Air Conditioning.............................................. 75,000
Greenhouse..................................................... 7,000
Athletic Field Improvements............................. 4,000
Student Store.................................................. 15,000
New Partitions in School Building and
Administrative Building..................................... 6,000
Warehouse Addition with Linen and
Sewing Room.................................................. 65,000
Swimming Pool................................................ 66,000
Convert 12 two‑room Apartments to
Efficiency Units................................................ 20,000
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6. Broughton Hospital.......................................... 365,000
Chapel............................................................ 200,000
Two Elevators — Center Building.................... 45,000
Air Conditioning Jones Building........................ 120,000
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7. Caswell School................................................ 43,000
Canopied Sidewalks........................................ 24,000
Air Conditioning Administration Building
— Window Units............................................ 4,000
Canteen — Students' Stores............................ 15,000
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Sec. 9. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "Hospital Capital Improvement Bonds", in an aggregate principal amount not exceeding five hundred thousand dollars ($500,000.00) for the purpose of providing funds for participation by the State through the Medical Care Commission in local hospital construction as follows:
1. Medical Care Commission............................... $ 500,000
Participation in Local Hospital
Construction.................................................... $ 500,000
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Sec. 10. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "Natural Resources Conservation and Development Bonds", in an aggregate principal amount not exceeding nine hundred sixty-one thousand dollars ($961,000.00), for providing funds, with any other funds available therefor, for capital improvements in the conservation and development of natural resources of the State, as follows:
1. Department of Conservation and
Development................................................... $ 901,000
Parks Division:
Cliffs of the Neuse:
Land Acquisition (350 acres)..................... $ 38,000
Resurface and Extend Roads..................... 38,000
Enlarge Water System............................... 26,000 102,000
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Fort Macon:
Resurface Parking Areas............................ 20,000
Addition to Maintenance and Service
Area.......................................................... 29,500 49,500
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Hanging Rock:
Replace Underground Cable...................... 20,000
Resurface Park Roads............................... 22,000
Addition to Maintenance and Service
Area.......................................................... 26,500 68,500
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Jones Lake:
Replace Bathhouse.................................... 39,000
Resurface Roads....................................... 18,000 57,000
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Morrow Mountain:
Addition to Maintenance and Service
Area.......................................................... 18,500 18,500
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Mount Jefferson:
Maintenance and Service Area................... $ 24,000
Enlarge Water System............................... 4,500
Road and Parking Area Improvements....... 50,000 $78,500
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Mount Mitchell:
Addition to Toilets and Refreshment
Stand........................................................ 42,000
Addition to Maintenance and Service
Area.......................................................... 20,000 62,000
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Pettigrew:
Maintenance and Service Area................... 16,500 16,500
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Reedy Creek:
Addition to Maintenance and Service
Area.......................................................... 19,500 19,500
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Singletary Lake:
Addition to Maintenance and Service
Area.......................................................... 7,000 7,000
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William B. Umstead:
Enlarge Water System............................... 21,000
Addition to Maintenance and Service
Area.......................................................... 37,000 58,000
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Forestry Division:
Purchase of Land and Erection of Tower,
Pamlico County......................................... 3,500
New Fairfield District:
Office Building........................................... 12,000
Shop and Warehouse................................ 119,000
Deep Well and Water System.................... 2,500
Oil and Paint Storage Building.................... 4,500
Wash and Grease Rack............................. 1,000
Equipment Shed........................................ 6,500
Fence........................................................ 3,000 48,500
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Whiteville District:
Shop Building............................................ 25,000
Equipment Shelter...................................... 8,000
Airplane Hangar........................................ 4,000 37,000
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Clayton Nursery:
Equipment Shelter...................................... 6,500 6,500
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Chapel Hill District:
Equipment Shelter...................................... 6,500
Radio Shop............................................... 4,000 10,500
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Sylva District:
Warehouse and Shop Building................... 20,500
Oil, Paint and Tire Storage......................... 4,500
Wash and Grease Rack............................. 1,000
Office Building........................................... 12,000
Equipment Shelter...................................... 7,500
Fence........................................................ 3,500
Deep Well and Water System.................... 2,000 51,000
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Bertie, Columbus, Martin and Robeson
Counties:
Four Equipment Shelters (incl. wells).......... 36,000 36,000
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Rockingham District:
Office Building........................................... 15,000
Warehouse and Shop Building................... 23,000
Wash and Grease Rack............................. 1,000
Oil, Paint and Tire Storage......................... 4,500
Equipment Shelter...................................... 6,500
Deep Well and Water System.................... 2,500
Fence........................................................ 3,000 55,500
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Elizabeth City District Headquarters:
Office Building........................................... 54,000 54,000
New Bern District:
Equipment Shelter, Radio Shop and
Dispatch.................................................... 11,500 11,500
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Lookout Towers (5):
Mecklenburg, Person, Union,
Rockingham, Davie.................................... 50,000 50,000
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2. Department of Water Resources...................... 60,000
Morehead City Harbor Areas, Spoils
Disposal Area.................................................. 60,000
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Sec. 11. Subject to a vote of a majority of the qualified voters of the State who shall vote in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State Agriculture Capital Improvement Bonds", in an aggregate principal amount not exceeding two hundred eighty-nine thousand dollars ($289,000.00), for the purpose of providing funds, with any other funds available therefor, for Capital Improvements at the State's Agricultural Research Stations, as follows:
1. Department of Agriculture................................ $ 289,000
Feed Mixing and Storage Facilities —
Tidewater Station............................................ $ 12,700
Worker's Dwelling —
Oxford Tobacco Station............................ 7,000
Upper Coastal Plain Station:
Superintendent's Dwelling.................... 13,300
Laborer's Dwelling............................... 10,500
Farrowing House................................. 5,700
Mountain Research Station:
Apple Grading Shed............................ 6,400
Milking Parlor...................................... 13,000
Laborer's Dwelling............................... 9,700
Purchase of Land................................. 40,000
Upper Mountain Station:
Addition to Hay Shed.......................... 5,000
Land Purchase..................................... 45,000
Coastal Plain Research Station:
Lounging Barn, Hay Feeding Area
and Addition to Laying House.............. 12,800
Laborer's Dwelling............................... 10,500
Piedmont Research Station:
Feed Mixing and Storage Facility
and Supervisor's Dwelling.................... 28,500
Dairy Supervisor's Dwelling................. 14,500
Dry Cow Barn..................................... 5,200
Fertilizer and Pesticide Storage
Building............................................... 9,500
Peanut Belt Research Station:
Shed for Drying Units, Fertilizer and
Pesticide Building and Grain Storage
Bins..................................................... 13,000
Foreman's Dwelling............................. 14,500
Border Belt Tobacco Research Station:
Addition to Implement Storage
Building............................................... 5,000
Addition to Tobacco Pack House........ 7,200
Sec. 12. The proceeds of said bonds are hereby appropriated for the purposes stated above, respectively, which appropriations shall be in addition to all other appropriations heretofore made or which may be made at the present Session of the General Assembly, and shall be expended and disbursed under the direction and supervision of the Director of the Budget.
Each project must be planned on the basis of an estimated cost that will allow the purchase of all needed equipment and provide drives, walks, grading and connections to all needed utilities and provide a completed facility that may be fully utilized without requiring additional State funds.
Funds appropriated by this Act for partially self‑liquidating projects at the State educational institutions shall not be transferred for other purposes.
Sec. 13. The funds appropriated by this Act shall be disbursed for the purposes provided in this Act upon warrants drawn by the State Disbursing Officer, and warrants shall not be drawn for any State institution, department or agency until a requisition has been approved by the Director of the Budget and which requisition shall be approved only after full compliance with the Executive Budget Act, Article 1 of Chapter 143 of the General Statutes. Any officer of the State or executive head of any institution, or any director, trustee, or commissioner of any State institution, department or agency to which an appropriation is made under the provisions of this Act who votes for or aids in spending more money for any improvement for his institution, department or agency than is appropriated therefor, may be removed from office by the Governor. Any additional moneys which may be received by means of a grant or grants from the United States of America or any agency or department thereof or from any other source to aid in financing the cost of any of the improvements herein referred to, may be placed by the State Treasurer in the same fund or in a separate fund and, to the extent permitted by the terms of such grant or grants, shall be disbursed in the same manner and for the purposes mentioned in this Act.
Sec. 14. The Director of the Budget is hereby authorized and empowered to make transfers and changes between the appropriations made in this Act, within the appropriations made to each agency, to provide changes to permit completion of the projects as described in the appropriations.
Upon application of the governing body of a spending agency of the State, the Director of the Budget when recommended by the Advisory Budget Commission is empowered to authorize transfers and changes from appropriations made in this Act, within the appropriations made to each agency, to provide for needed projects for which no specific appropriations have been made to such agency under this Act.
Sec. 15. The appropriation of one million four hundred and eighty-three thousand dollars ($1,483,000,00) made to the community colleges by this Act is placed on an equal matching fund basis for community college capital improvements at Charlotte, Asheville, Elizabeth City and Wilmingtion. Funds raised locally for community colleges by either of these communities, will, with the approval of the Governor and Advisory Budget Commission, be matched (on a grant‑in‑aid basis) from funds provided herein for the purposes and in accordance with the provisions contained in Section 7(b) of Chapter 1098 of the Session Laws of 1957, within the limit of one million four hundred eighty‑three thousand dollars ($1,483,000.00).
Sec. 16. The bonds of each issue authorized by this Act shall bear such date or dates, shall be serial bonds, and shall mature at such times and in such amounts, not exceeding twenty (20) years from their date or respective dates, and shall bear interest at such rate or rates, not exceeding four per centum (4%) per annum, payable semiannually, as may be fixed by the State Treasurer with the approval of the Governor and Council of State.
Sec. 17. Said bonds shall be signed on behalf of the State of North Carolina by the Governor or shall bear his facsimile signature and shall be signed by the State Treasurer, shall bear the Great Seal of the State or a facsimile thereof shall be impressed or imprinted thereon, and said bonds shall carry interest coupons which shall bear a facsimile of the signature of the State Treasurer. In case any officer whose signature or a facsimile of whose signature shall appear on any bonds or coupons shall cease to be such officer before the delivery of such bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. The form and denomination of the bonds shall be such as the State Treasurer may determine in conformity with this Act, and said bonds shall be subject to registration as is now or may hereafter be provided by law for State bonds, and provision may also be made for the reconversion into coupon bonds of any bonds registered as to both principal and interest.
Sec. 18. Subject to determination by the Governor and Council of State as to the manner in which said bonds shall be offered for sale, whether by publishing notices in certain newspapers and financial journals or by mailing notices or by inviting bids by correspondence or otherwise, the State Treasurer is authorized to sell the bonds of each or all of said issues at one time or from time to time at the best price obtainable, but in no case for less than par and accrued interest, and when the conditions are equal he shall give the preference of purchase to the citizens of North Carolina. All expenses necessarily incurred in the preparation and sale of the bonds shall be paid from the proceeds of such sale in excess of the appropriations herein authorized or from the Contingency and Emergency Appropriation.
Sec. 19. The proceeds of said bonds and of the bond anticipation notes herein authorized (except the proceeds of bonds the issuance of which has been anticipated by such bond anticipation notes) shall be placed by the State Treasurer in a special fund known as the "Capital Improvement State Voted Bond Fund of 1961" and shall be disbursed only for the purposes provided in this Act.
Sec. 20. By and with the consent of the Governor and Council of State, who shall determine the rate or rates or maximum rate of interest and the date or approximate date of payment, the State Treasurer is hereby authorized to borrow money at the lowest rate of interest obtainable, and to execute and issue notes of the State for the same, but only in the following circumstances and under the following conditions:
(a) For anticipating the sale of any of said bonds to the issuance of which the Governor and Council of State shall have given consent, if the State Treasurer shall deem it advisable to postpone the issuance of such bonds.
(b) For the payment of interest upon or any installment of principal of any of said bonds then outstanding, if there shall not be sufficient funds in the State Treasury with which to pay such interest or installment of principal as they respectively fall due.
(c) For the renewal of any loan evidenced by notes herein authorized.
Sec. 21. Funds derived from the sale of bonds herein authorized shall be used in the payment of any bond anticipation notes that may have been issued in anticipation of the sale of such bonds and any renewals of such notes; and funds provided by the General Assembly for the payment of interest on or principal of bonds herein authorized shall be used in paying the interest on or principal of any notes and any renewals thereof the proceeds of which shall have been used in paying interest on or principal of such bonds. Interest payments upon said notes may be evidenced by interest coupons in the State Treasurer's discretion.
Sec. 22. The full faith, credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on the bonds and notes herein authorized.
Sec. 23. The coupons appertaining to any of said bonds and notes after maturity shall be receivable in payment of all taxes, debts, dues, licenses, fines and demands due the State of any kind whatsoever.
Sec. 24. All of said bonds and notes and coupons shall be exempt from all State, county and municipal taxation or assessment, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise, and the interest on said bonds and notes shall not be subject to taxation as for income, nor shall said bonds or notes or coupons be subject to taxation when constituting a part of the surplus of any bank, trust company or other corporation.
Sec. 25. It shall be lawful for all executors, administrators, guardians and fiduciaries generally, and all sinking fund commissions, to invest any moneys in their hands in any of said bonds and notes.
Sec. 26. The question of the issuance of the bonds of each of said issues shall be submitted to the qualified voters of the State of North Carolina at an election to be held on a date during 1961 to be fixed by the Governor by a proclamation issued by him; provided, that if an election upon the question of the issuance of other State bonds is authorized to be held during the same period, the election herein provided for may be held upon the same day as such other State bond election. Notice of said election shall be given by publication at least twice in a newspaper published in each county in the State or having a general circulation therein, and said election shall be held under and in accordance with the general laws of the State of North Carolina, except that no absentee ballots shall be allowed in said election. The State of North Carolina shall reimburse the counties of the State for all necessary expenses incurred in holding said election, the same to be paid out of the Contingency and Emergency Fund. The State Board of Elections shall cause to be printed and distributed the ballots which are to be used in said election, which said ballots shall bear a facsimile of the signature of the Chairman of the State Board of Elections and shall be in substantially the following form:
OFFICIAL BALLOT
STATE BOND ELECTION
____________1961
Instructions
1. To vote "FOR" any issue of bonds make a cross (X) mark in the square to the left of the word "FOR".
2. To vote "AGAINST" any issue of bonds make a cross (X) mark in the square to the left of the word "AGAINST".
1.
□ FOR the issuance of two million eight hundred fifty‑eight thousand dollars ($2,858,000.00) Capitol Area Building Bonds of the State of North Carolina for construction of needed buildings for State purposes in the
□ AGAINST Capitol Area.
2.
□ FOR the issuance of one million one hundred ten thousand dollars ($1,110,000.00) State Training Schools Capital Improvement Bonds of the State of North Carolina for needed Capital Improvements at the
□ AGAINST State's correctional schools.
3.
□ FOR the issuance of thirty‑one million eight thousand dollars($31,008,000.00) State Educational Institutions Capital Improvement Bonds of the State of North Carolina for needed Capital
□ AGAINST Improvements at the State's educational institutions.
4.
□ FOR the issuance of one million four hundred eighty‑three thousand dollars ($1,483,000.00) Community College Capital Improvement Bonds of the State of North Carolina for grants‑in‑aid for community college
□ AGAINST Capital Improvements.
5.
□ FOR the issuance of two million five hundred sixty thousand dollars ($2,560,000.00) Archives and History and State Library Building Bonds of the State of North Carolina for construction of a building to
□ AGAINST house the Department of Archives and History and the State Library.
6.
□ FOR the issuance of thirteen million five hundred thousand dollars ($13,500,000.00) State Ports Bonds of the State of North Carolina for
□ AGAINST the construction, acquisition and improvement of State Ports facilities.
7.
□ FOR the issuance of seven million three hundred ninety‑six thousand dollars ($7,396,000.00) State Mental Institutions Capital Improvement Bonds of the State of North Carolina for the construction of needed Capital
□ AGAINST Improvements at the State’s mental institutions.
8.
□ FOR the issuance of five hundred thousand dollars ($500, 000.00) Hospital Capital Improvement Bonds of the State of North Carolina for the purpose of providing funds for participation by the State through the
□ AGAINST Medical Care Commission in local hospital construction.
9.
□ FOR the issuance of nine hundred sixty‑one thousand dollars($961,000.00) Natural Resources Conservation and Development Bonds of the State of North Carolina for Capital Improvements in the conservation and
□ AGAINST development of natural resources of the State.
10.
□ FOR the issuance of two hundred eighty‑nine thousand dollars ($289,000.00) State Agriculture Capital Improvement Bonds of the State of North Carolina for Capital Improvements at the State's
□ AGAINST agricultural research stations.
(Facsimile Signature)
Chairman, State Board of Elections
Notwithstanding the foregoing provisions of this Section, voting machines may be used in accordance with rules and regulations prescribed by the State Board of Elections.
If a majority of those voting on the question of the issuance of the bonds of any of said issues shall vote in favor of the issuance of such bonds, such bonds shall be issued as hereinbefore provided. In the event that a majority of those voting on the question of the issuance of the bonds of any of said issues shall vote against the issuance of such bonds, such bonds shall not be issued.
The results of said election shall be canvassed and declared as provided by law for the holding of elections for State officers and the result thereof certified by the State Board of Elections to the Secretary of State of North Carolina, in the manner and at the time provided by the general election laws of the State.
Sec. 27. The provisions of this Act are severable, and if any of its provisions shall be held unconstitutional by any court of competent jurisdiction, the decision of such court shall not affect or impair any of the remaining provisions.
Sec. 28. All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 29. 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 19th day of June, 1961.