NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 878

HOUSE BILL 1022

AN ACT TO INCREASE FROM 6% TO 8% THE MAXIMUM INTEREST ON CERTAIN DRAINAGE DISTRICT BONDS.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 156-97 is hereby amended by striking out the word "six" in line one of Subsection (3) and the last line of Subsection (6) and inserting in each line in lieu thereof the word "eight".

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  All laws and clauses of laws in conflict with this Act are hereby repealed.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 16th day of June, 1969.