NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 512

HOUSE BILL 448

 

 

AN ACT PROVIDING FOR THE MUNICIPALITIES LOCATED IN JOHNSTON COUNTY TO SHARE IN THE NET PROFITS ARISING FROM THE OPERATION OF ALCOHOLIC BEVERAGE CONTROL STORES, NOW, OR HEREAFTER LOCATED IN SAID MUNICIPALITIES AND COUNTY.

 

The General Assembly of North Carolina do enact:

 

Section 1. Out of the profits remaining after the payment of all costs and operating expenses, and after retaining sufficient working capital, the Johnston County Board of Alcoholic Control shall expend a sum not less than five per cent (5%) and not more than ten per cent (10%) for law enforcement purposes. The Johnston County Board of Alcoholic Control, with the advice and concurrence of the Board of Commissioners of Johnston County, shall expend a sum for the education as to the effects of the use of alcoholic beverages and for the rehabilitation of alcoholics not to exceed five per cent (5%) of the profits remaining after the above sum for law enforcement has been determined. All profits remaining after providing for all of the above stated purposes shall be called "net profits" and shall be disbursed quarterly as hereinafter set forth.

Sec. 2. There is hereby allocated to the general fund of all incorporated municipalities in Johnston County twenty-five per cent (25%) of the net profits as defined above to be used for the maintenance, erection, and extension of water and sewer lines and for other public purposes, and to be divided among said municipalities on the basis of the latest federal decennial census.

Sec. 3. The remaining seventy-five per cent (75%) of said net profits as defined above shall be paid into the Johnston County General Fund.

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 All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5. This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 12th day of May, 1965.