1923 public laws – Ch.263 Sec.1

0

The chapter text below is provided for context. Scroll down to see the text of the law.

CHAPTER 263 AN ACT TO AMEND CHAPTER 2, PUBLIC LAWS OF 1921, REGULAR SESSION, PROVIDING FOR THE CONSTRUC- TION AND MAINTENANCE OF A STATE SYSTEM OF HARD-SURFACED AND OTHER DEPENDABLE ROADS. The General Assembly of North Carolina do enact:

That section twenty-seven of chapter two, Public Laws of one thousand nine hundred and twenty-one, Regular Session, as heretofore amended, is hereby amended by striking therefrom the words, There shall next be set aside a sum annually sufficient to pay the interest on the bonds issued under this act, the remainder of said fund to be used by the Highway Commission, in lines seven, eight, nine, and ten thereof, and by inserting in lieu of the words so stricken the following words: From the remainder of said taxes there shall then be set aside annually the following, in order named: (@) a sum sufficient to pay the interest upon the first fifty million dollars bonds issued under this act, -6 a sum sufficient to pay the interest upon any bonds issued under this act in excess of fifty million dollars, and (c) any interest or sinking fund payments now or hereafter directed to be made therefrom by the General Assembly. The remainder of such fund shall be used by the Highway Commission.

The On the Books website is a product of a digital scholarship project and will not be maintained in perpetuity. The site will be reviewed December 31, 2024. Depending on use, funding, and maintenance required, the site may be decommissioned and archived at that time. The text corpora created for this project will be preserved in the Carolina Digital Repository.
Proudly powered by WordPress | Theme: Shree Clean by Canyon Themes.