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CHAPTER 196 AN ACT AUTHORIZING THE ESTABLISHMENT OF TOWN ALCO- HOLIC BEVERAGE CONTROL STORES IN THE TOWN OF MT. PLEASANT UPON A VOTE OF THE PEOPLE AND PROVIDING FOR THE ALLOCATION 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 capital, the Town Board of the Town of Mt. Pleasant 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 Town of Mt. Pleasant.