NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 289

HOUSE BILL 425

 

 

AN ACT AUTHORIZING THE CITY OF FAYETTEVILLE, NORTH CAROLINA, TO SELL AND CONVEY TO THE TRUSTEES OF FAYETTEVILLE TECHNICAL INSTITUTE, CERTAIN LANDS AT PRIVATE SALE.

 

The General Assembly of North Carolina do enact:

 

Section 1. The City Council of the City of Fayetteville is authorized and empowered to sell and convey at private sale to the Trustees of Fayetteville Technical Institute, a body corporate, and its successors and assigns, for a total consideration of one hundred fifty-seven thousand four hundred thirty-two dollars and ninety cents ($157,432.90) of which one hundred thousand dollars ($100,000.00) is to be paid upon the delivery of the deed and the balance of which is to be paid in ten (10) installments of five thousand seven hundred forty-three dollars and twenty-nine cents ($5,743.29) each plus interest at four per centum (4%) per annum upon the principal balance remaining from time to time unpaid, said installments to begin one (1) year after delivery of the deed and to be secured by the promissory note and deed of trust upon the lands hereinafter described in form satisfactory to the City of Fayetteville, that certain tract or parcel of land, or any part thereof, situated in Cross Creek Township, Fayetteville, Cumberland County, North Carolina, same being more particularly described as follows:

BEGINNING at a concrete monument at the northwest corner of Lot No. 18 of the subdivision entitled Lockwood Park, a map of which is recorded in map book 11, page 67 of the Cumberland County Registry, and running thence along the northern margin of North Lockwood Park as recorded in plat book 29 page 38 North 12 degrees 14 minutes West 929.81 feet; thence continuing along northern margin of said North Lockwood Park North 16 degrees 23 minutes West 1015.99 feet; thence North 61 degrees 27 minutes East 193.93 feet; said call being 80 feet East of and parallel with the eastern line of the Matthew subdivision as recorded in map book 10 page 15; thence South 52 degrees 34 minutes East 240.32 feet; thence North 37 degrees 35 minutes East 200.00 feet to a concrete monument, said monument being the southeast corner of the Brantley property as recorded in deed book 839, page 588; thence South 52 degrees 30 minutes East 301.04 feet to a monument in the line of Mrs. R. B. Evans property as recorded in map book 10, page 28; thence continuing along said line South 52 degrees 38 minutes East 467.28 feet; thence North 35 degrees 59 minutes East 250.20 feet to the western right-of-way of Fort Bragg Road; thence with the western right-of-way of Fort Bragg Road South 53 degrees 15 minutes 30 seconds East 119.56 feet; thence South 35 degrees 55 minutes West 250.20 feet; thence South 54 degrees 09 minutes East 156.92 feet; thence South 12 degrees 52 minutes 30 seconds East 281.84 feet; thence South 41 degrees 54 minutes East 507.71 feet; thence South 50 degrees 53 minutes West 946.20 feet; thence South 77 degrees 46 minutes West 512.18 feet to the point of BEGINNING, being 43.10 acres of the City of Fayetteville property as recorded in deed book 839 page 105.

Sec. 2. Sections 2 and 59, of Chapter 160 of the General Statutes of North Carolina, to the extent that they conflict with this Act, are hereby repealed, and all other 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 20th day of April, 1965.