GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2003

 

 

SESSION LAW 2003-322

HOUSE BILL 401

 

 

AN ACT authorizing the city of henderson to convey certain property at private sale, and to allow the city to accept a deed subject to a deed of trust.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  The City of Henderson may convey by private sale to the Embassy Cultural Center Foundation, Inc., any or all of its right, title, or interest in the Embassy South Block.

SECTION 2.  The City of Henderson may accept for public purposes a conveyance of real property subject to an existing deed of trust so long as the City of Henderson does not pledge its taxing authority or the full faith and credit of the City for the payment of the underlying loan.

SECTION 3.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 16th day of July, 2003.

 

 

                                                                    s/ Marc Basnight

                                                                         President Pro Tempore of the Senate

 

 

                                                                    s/ Richard T. Morgan

                                                                         Speaker of the House of Representatives