NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1288

SENATE BILL 908

AN ACT TO REPEAL CHAPTER 995 OF THE 1969 SESSION LAWS: ENTITLED AN ACT TO AMEND SECTION 160-383 OF THE GENERAL STATUTES, BEING A PART OF THE MUNICIPAL FINANCE ACT, 1921, CONCERNING THE LIMITATION ON THE INCURRING OF DEBT.

The General Assembly of North Carolina do enact:

Section 1.  It is hereby found, determined and declared that Chapter 995 of the 1969 Session Laws, entitled: AN ACT TO AMEND SECTION 160-383 OF THE GENERAL STATUTES, BEING A PART OF THE MUNICIPAL FINANCE ACT, 1921, CONCERNING THE LIMITATION ON THE INCURRING OF DEBT inadvertently ommitted the percentage limitation on the incurring of debt purported to be established by said Chapter, and that said Chapter is therefore null and void and without effect and does not amend or repeal any provision of law purported to be amended or repealed thereby.

Sec. 2.  Chapter 995 of the 1969 Session Laws is hereby repealed but this Act does not amend or repeal any provision of law purported to be amended or repealed by said Chapter 995.

Sec. 3.  All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 4.  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 2nd day of July, 1969.