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CHAPTER 199 AN ACT RELATING TO RETIREMENT BENEFITS FOR CERTAIN EMPLOYEES OF THE TOWN OF LINCOLNTON IN LINCOLN COUNTY. The General Assembly of North Carolina do enact:
The funds so collected shall be placed and deposited in a bank, in a separate fund, to be known as retirement fund, and to be disbursed by voucher drawn by the Town Treasurer of the Town of Lincolnton and countersigned by the Mayor.