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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.