NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 944

SENATE BILL 678

AN ACT AUTHORIZING LOCAL GOVERNMENTAL UNITS TO SUBMIT CONTRACTS WHICH CREATE DEBT TO A REFERENDUM.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 153-9, 160-2 and 130-128 are all respectively amended by adding to each a new subdivision to read as follows: "Any county, city, town, incorporated village, sanitary district or other local governmental unit which is a political subdivision of the State of North Carolina is authorized and empowered to submit to a vote of the people any lease, contract, agreement or other contractual obligation the effect of which is to create a debt for a local governmental unit within the meaning of Article V, Section 4, or Article VII, Section 6, of the Constitution of North Carolina. Any referendum held pursuant to the provisions of this subdivision shall be conducted according to the law applicable to bond elections for the particular local governmental unit concerned.

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  All laws and clauses of laws in conflict with this Act are hereby repealed.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 19th day of June, 1969.