NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 201

HOUSE BILL 386

 

 

AN ACT RELATING TO THE DISTRIBUTION OF THE NET PROFITS FROM THE OPERATION OF THE DARE COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD.

 

The General Assembly of North Carolina do enact:

Section 1. All net profits derived from the operation of the Dare County Alcoholic Beverage Control Board shall be distributed in strict accord with the provisions of Section 18-57 of the General Statutes of North Carolina. The Board of County Commissioners of Dare County shall allocate a proportion of any or all funds received from the net profits derived from the operation of the Dare County Alcoholic Beverage Control Board to others, payable as follows:

A. Fifteen per cent (15%) of the total of such funds to be equally divided between the incorporated towns within Dare County specifically to wit:

(1)       The Town of Kill Devil Hills;

(2)       The Town of Manteo; and

(3)       The Town of Nags Head; such sums to go to the general fund of each of said incorporated towns to be used for any governmental purpose deemed necessary by the governing body of said town.

B. Fifty per cent (50%) of the remainder of such funds to the Dare County Tourist Bureau to be used for publicity and promotional purposes in building the tourist industry of Dare County, thereby benefiting the economy and citizens of said county.

Sec. 2. Section 1 of Chapter 336 of the Session Laws of 1947, Section 1 of Chapter 1290 of the Session Laws of 1949, Section 1 of Chapter 626 of the Session Laws of 1957, and all other laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3. This Act shall be in full force and effect from and after July 1, 1965.

In the General Assembly read three times and ratified, this the 8th day of April, 1965.