NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1236

HOUSE BILL 1248

AN ACT TO EXTEND FOR TWO YEARS THE AUTHORITY OF THE UNIVERSITY OF NORTH CAROLINA TO PROVIDE SERVICE AND AUXILIARY FACILITIES AND TO ISSUE REVENUE BONDS TO PAY THE COSTS THEREOF.

The General Assembly of North Carolina do enact:

Section 1.  Section 4 of Chapter 1078 of the Session Laws of 1961, as amended by Section 2 of Chapter 944 of the Session Laws of 1963, Section 2 of Chapter 1033 of the Session Laws of 1965, and Section 1 of Chapter 724 of the Session Laws of 1967, is hereby further amended by striking out the words and figures "not exceeding six per centum (6%)" in line 10 and inserting in lieu thereof the words and figures "not exceeding seven and one-half per centum (7.5%)"; and by striking out the words and figures "more than six per centum (6%) per annum" in line 35 and inserting in lieu thereof the words and figures "more than seven and one-half per centum (7.5%) per annum"; and by substituting a colon for the semicolon at the end of the first sentence of the section and adding the following words: "provided, further, the board shall have authority to issue revenue bonds under this section in an additional aggregate principal amount not to exceed three million five hundred thousand dollars ($3,500,000.00) during the biennium ending June 30, 1971."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 2nd day of July, 1969.