NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 720

HOUSE BILL 822

 

 

AN ACT TO PERMIT THE CITY OF WINSTON-SALEM TO ACCEPT DEEDS FOR REAL ESTATE IN PAYMENT OF TAXES AND SPECIAL ASSESSMENTS DUE THEREON IN LIEU OF FORECLOSURE OF THE TAX LIEN OR SPECIAL ASSESSMENT LIEN, AND TO RESELL SUCH PROPERTY.

 

The General Assembly of North Carolina do enact:

 

Section 1. When the taxes upon any real property in the City of Winston-Salem are past due and unpaid to the City of Winston-Salem, and when the taxes or any special assessments upon any real property in the City of Winston-Salem are past due and unpaid, and the owner or owners of such property offer to convey same to the City of Winston-Salem in lieu of the payment of such taxes or special assessments and in lieu of the foreclosure of the lien securing such taxes or special assessments, then the City of Winston-Salem is authorized to accept the deed for such real property in payment of the taxes and special assessments; provided, there is no mortgage, deed of trust or judgment against such property, unless the holder of such mortgage, deed of trust or judgment releases the land from the lien of such mortgage, deed of trust or judgment.

Sec. 2. Any real property so conveyed to the City of Winston-Salem may be resold by the City of Winston-Salem at any time by public sale as provided by law. The acceptance of such deed by the City of Winston-Salem shall not interfere with the lien for taxes due any taxing unit other than the City of Winston-Salem.

Sec. 3. All laws in conflict herewith are hereby repealed.

Sec. 4. This Act shall become effective from and after its ratification.

In the General Assembly read three times and ratified, this the 3rd day of June, 1959.