1965/66/67 session laws – Ch.195 Sec.7
The chapter text below is provided for context. Scroll down to see the text of the law.
CHAPTER 195 AN ACT AUTHORIZING THE ESTABLISHMENT OF CITY ALCOHOLIC BEVERAGE CONTROL STORES IN THE CITY OF CONCORD UPON A VOTE OF THE PEOPLE AND PROVIDING FOR THE ALLOCA- TION OF THE NET PROCEEDS FROM THE OPERATION OF SUCH STORES. The General Assembly of North Carolina do enact:
Out of the net profit remaining after the payment of all costs and operating expenses, and after retaining a sufficient and proper working 238 10 capital, the Board of Aldermen of the City of Concord shall distribute said net profit as follows: the first five per cent -5% for law enforcement and the balance as follows: twenty-five per cent -25% to Cabarrus County, and seventy-five per cent -75% to the City of Concord.