NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 46

SENATE BILL 15

 

 

AN ACT TO AUTHORIZE THE ISSUANCE OF THREE HUNDRED MILLION DOLLARS ($300,000,000) OF BONDS OF THE STATE TO PROVIDE FUNDS FOR THE CONSTRUCTION OF HIGHWAYS, SUBJECT TO A VOTE OF THE PEOPLE OF THE STATE.

 

The General Assembly of North Carolina do enact:

 

Section 1.  This Act shall be known and may be cited as the "State Highway Bond Act of 1965".

Sec. 2.  Subject to a favorable vote of a majority of the qualified voters of the State who shall vote thereon in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State of North Carolina Highway Bonds", in an aggregate principal amount not exceeding three hundred million dollars ($300,000,000.00). The proceeds of said bonds are hereby appropriated to the State Highway Commission, which appropriation shall be in addition to all other appropriations heretofore made or which may be made at the present Session of the General Assembly. Said proceeds shall be used by the State Highway Commission exclusively for the purpose of constructing, improving or relocating roads, bridges, tunnels and other highway facilities constituting at the time of such construction, improvement or relocation a part of the State highway system.

Sec. 3.  The proceeds of said bonds shall be expended by the State Highway Commission for the construction, improving or relocating of highway facilities and in amounts as follows:

(a)        One hundred fifty million dollars ($150,000,000.00) on the rural primary system of State highways as defined herein, which amount is hereby allocated for expenditure in the fourteen highway engineering divisions as follows, based proportionately upon the mileage of highways constituting part of said rural primary system of State highways on January 1, 1965, in each of said divisions:

Highway engineering

division                                                                                                  Amount

1 .................................................................................................. $ 13,205,200

2 ..................................................................................................... 11,052,000

3 ..................................................................................................... 12,188,000

4 ..................................................................................................... 13,324,000

5 ..................................................................................................... 10,192,200

6 ..................................................................................................... 14,373,600

7 ....................................................................................................... 9,721,000

8 ..................................................................................................... 11,095,900

9 ....................................................................................................... 8,377,100

10 ..................................................................................................... 8,095,700

11 ................................................................................................... 10,251,600

12 ..................................................................................................... 8,506,200

13 ................................................................................................... 10,161,200

14 ..................................................................................................... 9,456,300

____________

$150,000,000

As used herein the term "rural primary system of State highways" means the highways within the State numbered with the prefix "U.S." or "N.C." that are outside the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136‑41.1.

(b)        Seventy-five million dollars ($75,000,000.00) on the rural secondary system of State highways as defined herein, which amount is hereby allocated for expenditure in the counties of the State as follows, based proportionately upon the mileage of unpaved highways constituting part of said rural secondary system of State highways on January 1, 1965, in each of said counties:

County                                                                                           Amount

Alamance ......................................................................................... $ 1,081,200

Alexander .............................................................................................. 617,500

Alleghany ............................................................................................... 844,400

Anson .................................................................................................... 619,300

Ashe ................................................................................................... 1,482,000

Avery .................................................................................................... 469,500

Beaufort .............................................................................................. 1,049,400

Bertie ..................................................................................................... 619,100

Bladen ................................................................................................... 836,600

Brunswick .............................................................................................. 694,000

Buncombe .......................................................................................... 1,266,900

Burke .................................................................................................... 828,800

County                                                                                           Amount

Cabarrus ............................................................................................. $ 524,800

Caldwell ................................................................................................ 836,300

Camden ................................................................................................. 184,300

Carteret ................................................................................................. 210,500

Caswell .................................................................................................. 708,900

Catawba ................................................................................................ 687,800

Chatham ............................................................................................. 1,248,300

Cherokee ............................................................................................... 881,000

Chowan ................................................................................................. 147,800

Clay ....................................................................................................... 361,100

Cleveland ............................................................................................ 1,092,700

Columbus ........................................................................................... 1,185,200

Craven ................................................................................................... 709,200

Cumberland ........................................................................................... 791,700

Currituck ............................................................................................... 200,500

Dare ........................................................................................................ 83,600

Davidson ............................................................................................ 1,196,900

Davie ..................................................................................................... 566,100

Duplin ................................................................................................. 1,250,200

Durham .................................................................................................. 730,100

Edgecombe ............................................................................................ 350,700

Forsyth .................................................................................................. 910,000

Franklin ................................................................................................. 735,300

Gaston ................................................................................................... 576,800

Gates ..................................................................................................... 371,000

Graham .................................................................................................. 299,500

Granville ............................................................................................. 1,159,300

Greene ................................................................................................... 271,300

Guilford .............................................................................................. 1,632,700

Halifax ................................................................................................... 681,000

Harnett .................................................................................................. 947,800

Haywood ............................................................................................... 753,500

Henderson .......................................................................................... 1,201,100

Hertford ................................................................................................. 360,100

Hoke ..................................................................................................... 212,000

Hyde ..................................................................................................... 188,800

Iredell ................................................................................................. 1,275,100

Jackson ................................................................................................. 872,400

Johnston ............................................................................................. 1,403,200

Jones ..................................................................................................... 217,000

Lee ........................................................................................................ 251,200

Lenoir .................................................................................................... 692,200

Lincoln ................................................................................................... 603,200

McDowell .............................................................................................. 605,200

Macon ................................................................................................ 1,032,700

Madison ................................................................................................ 998,700

Martin .................................................................................................... 535,500

County                                                                                           Amount

Mecklenburg ....................................................................................... $ 455,100

Mitchell .................................................................................................. 469,500

Montgomery .......................................................................................... 471,600

Moore ................................................................................................... 856,700

Nash ...................................................................................................... 664,800

New Hanover .......................................................................................... 95,300

Northampton ......................................................................................... 395,100

Onslow .................................................................................................. 523,300

Orange .................................................................................................. 971,100

Pamlico .................................................................................................. 263,200

Pasquotank ............................................................................................ 189,600

Pender ................................................................................................... 549,400

Perquimans ............................................................................................ 255,600

Person ................................................................................................ 1,016,200

Pitt ......................................................................................................... 983,100

Polk ....................................................................................................... 631,400

Randolph ............................................................................................ 1,931,700

Richmond .............................................................................................. 366,300

Robeson ............................................................................................. 1,235,300

Rockingham ........................................................................................ 1,376,800

Rowan ................................................................................................... 916,600

Rutherford .......................................................................................... 1,260,400

Sampson ............................................................................................. 1,669,800

Scotland ................................................................................................ 259,300

Stanly .................................................................................................... 779,400

Stokes ................................................................................................ 1,400,300

Surry .................................................................................................. 1,494,100

Swain .................................................................................................... 275,200

Transylvania ........................................................................................... 538,100

Tyrrell .................................................................................................... 190,900

Union .................................................................................................. 1,214,900

Vance .................................................................................................... 348,100

Wake ................................................................................................. 1,343,700

Warren .................................................................................................. 765,300

Washington ............................................................................................ 226,900

Watauga ................................................................................................ 917,500

Wayne ................................................................................................... 631,100

Wilkes ................................................................................................ 2,059,600

Wilson ................................................................................................... 427,400

Yadkin ................................................................................................... 969,700

Yancey .................................................................................................. 467,600

__________

$75,000,000

As used herein the term "rural secondary system of State highways" means all of the public highways in the State the exclusive control, management and responsibility for which are vested in the State Highway Commission, except the highways included in the rural primary system of State high ways as herein denned, that are outside the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136‑41.1.

(c)        Seventy-five million dollars ($75,000,000.00) on the urban system of State highways as defined herein, which amount is hereby allocated for expenditure in municipalities in the State as follows, based proportionately upon the population of each of said municipalities used as a basis for the allocation of funds in the year 1964 under the provisions of G.S. 136‑41.1:

Municipality                                                                                           Amount

Aberdeen .................................................................................. $     60,000

Ahoskie .......................................................................................... 179,700

Albemarle ....................................................................................... 480,800

Alexander Mills ................................................................................ 37,100

Andrews .......................................................................................... 55,100

Angier .............................................................................................. 49,000

Ansonville ......................................................................................... 21,900

Apex ................................................................................................ 53,600

Arlington .......................................................................................... 23,100

Asheboro ....................................................................................... 370,500

Asheville ...................................................................................... 2,360,400

Askewville .......................................................................................... 7,600

Atkinson ........................................................................................... 11,800

Atlantic Beach .................................................................................... 3,000

Aulander .......................................................................................... 42,500

Aurora ............................................................................................. 17,600

Autryville ............................................................................................ 7,500

Ayden ............................................................................................ 121,900

Bailey ............................................................................................... 31,200

Bakersville ........................................................................................ 15,400

Banner Elk ....................................................................................... 22,100

Bath ................................................................................................. 13,600

Battleboro ........................................................................................ 14,300

Bayboro ........................................................................................... 21,400

Bear Grass ......................................................................................... 4,000

Beaufort ......................................................................................... 114,600

Belhaven .......................................................................................... 93,600

Belmont .......................................................................................... 196,400

Benson ............................................................................................. 92,400

Bessemer City ................................................................................ 157,500

Bethel ............................................................................................... 61,900

Beulaville .......................................................................................... 41,600

Biltmore Forest ................................................................................. 39,400

Biscoe .............................................................................................. 41,300

Black Creek ..................................................................................... 12,200

Black Mountain ................................................................................ 51,500

Bladenboro ...................................................................................... 30,400

Blowing Rock ................................................................................... 27,900

Boiling Springs .................................................................................. 51,400

Municipality                                                                                           Amount

Bolivia ....................................................................................... $       7,900

Bolton .............................................................................................. 24,200

Boone ............................................................................................ 144,500

Boonville .......................................................................................... 21,100

Bostic ............................................................................................... 10,700

Brevard .......................................................................................... 190,500

Bridgeton ......................................................................................... 25,000

Broadway ........................................................................................ 18,300

Brookford ........................................................................................ 23,400

Brunswick .......................................................................................... 6,600

Bryson City ...................................................................................... 42,500

Bunn ................................................................................................ 13,000

Burgaw ............................................................................................ 68,600

Burlington .................................................................................... 1,301,900

Burnsville .......................................................................................... 54,400

Calypso ............................................................................................ 24,800

Cameron .......................................................................................... 11,700

Candor ............................................................................................. 23,300

Canton ........................................................................................... 198,700

Cape Carteret .................................................................................... 2,900

Carolina Beach ................................................................................. 46,700

Carrboro .......................................................................................... 78,300

Carthage .......................................................................................... 46,700

Cary ............................................................................................... 131,600

Castalia ............................................................................................ 10,500

Catawba .......................................................................................... 19,800

Chadbourne ..................................................................................... 91,100

Chapel Hill ..................................................................................... 493,100

Charlotte ..................................................................................... 7,904,400

Cherryville ...................................................................................... 141,500

China Grove ..................................................................................... 58,800

Chocowinity ..................................................................................... 22,700

Claremont ........................................................................................ 28,600

Clarkton ........................................................................................... 26,000

Clayton .......................................................................................... 129,500

Cleveland ......................................................................................... 23,300

Clinton ........................................................................................... 292,600

Clyde ............................................................................................... 26,700

Coats ............................................................................................... 41,100

Colerain ........................................................................................... 13,300

Columbia .......................................................................................... 43,100

Columbus ......................................................................................... 28,400

Concord ......................................................................................... 698,000

Conetoe ............................................................................................. 5,800

Conover ........................................................................................... 89,500

Conway ........................................................................................... 26,000

Cornelius .......................................................................................... 56,600

Municipality                                                                                           Amount

Cove City .................................................................................. $     21,600

Creedmoor ....................................................................................... 33,800

Creswell ........................................................................................... 15,800

Crossnore ........................................................................................ 10,900

Dallas ............................................................................................. 128,200

Danbury ............................................................................................. 6,900

Davidson ........................................................................................ 100,900

Denton ............................................................................................. 33,400

Dillsboro ............................................................................................ 5,500

Dobson ............................................................................................ 26,800

Dover ............................................................................................... 25,500

Draper ........................................................................................... 132,600

Drexel .............................................................................................. 44,900

Dublin .............................................................................................. 14,400

Dunn .............................................................................................. 296,700

Durham ....................................................................................... 3,070,600

East Bend ......................................................................................... 17,500

East Laurinburg ................................................................................ 27,300

East Spencer .................................................................................... 85,100

Edenton .......................................................................................... 174,800

Elizabeth City ................................................................................. 551,400

Elizabethtown ................................................................................... 63,700

Elkin ............................................................................................... 112,500

Elk Park ........................................................................................... 18,000

Ellenboro .......................................................................................... 19,300

Ellerbe .............................................................................................. 33,100

Elm City ........................................................................................... 28,600

Elon College ..................................................................................... 50,300

Emerald Isle .......................................................................................... 600

Enfield ............................................................................................ 116,800

Eureka ............................................................................................... 9,600

Everetts .............................................................................................. 8,800

Fair Bluff .......................................................................................... 40,400

Fairmont ........................................................................................... 89,600

Faison .............................................................................................. 26,100

Faith ................................................................................................. 19,400

Falcon ................................................................................................ 9,200

Falkland ............................................................................................. 5,500

Farmville ........................................................................................ 156,700

Fayetteville .................................................................................. 1,847,300

Forest City ..................................................................................... 257,100

Fountain ........................................................................................... 19,500

Four Oaks ........................................................................................ 39,600

Franklin ............................................................................................ 85,200

Franklinton ....................................................................................... 59,300

Franklinville ...................................................................................... 26,900

Fremont ........................................................................................... 63,100

Municipality                                                                                           Amount

Fuquay Springs ......................................................................... $    132,900

Garland ............................................................................................ 25,200

Garner ............................................................................................ 135,300

Garysburg .......................................................................................... 7,100

Gaston ............................................................................................. 47,600

Gastonia ...................................................................................... 1,461,800

Gatesville .......................................................................................... 18,000

Gibson ............................................................................................. 19,600

Gibsonville ........................................................................................ 70,000

Glen Alpine ...................................................................................... 28,800

Goldsboro ................................................................................... 1,132,300

Goldston .......................................................................................... 14,700

Graham .......................................................................................... 302,900

Granite Falls ................................................................................... 103,700

Granite Quarry ................................................................................. 41,500

Greensboro ................................................................................. 4,689,100

Greenville ....................................................................................... 896,500

Grifton .............................................................................................. 71,200

Grimesland ....................................................................................... 14,200

Grover ............................................................................................. 21,100

Halifax .............................................................................................. 14,500

Hamilton ........................................................................................... 22,200

Hamlet ........................................................................................... 174,900

Harmony .......................................................................................... 12,600

Harrellsville ......................................................................................... 6,700

Hassell ............................................................................................... 5,800

Havelock .......................................................................................... 95,400

Hayesville ......................................................................................... 16,800

Hazelwood ....................................................................................... 75,500

Henderson ...................................................................................... 499,600

Hendersonville ................................................................................ 231,800

Hertford ........................................................................................... 81,100

Hickory .......................................................................................... 758,000

Highlands ......................................................................................... 23,400

High Point ................................................................................... 2,433,800

Hillsboro .......................................................................................... 52,900

Hobgood .......................................................................................... 24,700

Hoffman ........................................................................................... 13,500

Holly Ridge ...................................................................................... 28,700

Holly Springs .................................................................................... 21,900

Hookerton ........................................................................................ 14,000

Hope Mills ....................................................................................... 43,500

Hot Springs ...................................................................................... 28,400

Hudson ............................................................................................ 60,200

Huntersville ....................................................................................... 39,400

Indian Trail ....................................................................................... 14,300

Jackson ............................................................................................ 30,000

Municipality                                                                                           Amount

Jacksonville .............................................................................. $    529,100

Jamestown ....................................................................................... 48,900

Jamesville ......................................................................................... 21,100

Jefferson ........................................................................................... 31,900

Jonesville ............................................................................................ 4,300

Kelford ............................................................................................ 14,200

Kenansville ....................................................................................... 28,400

Kenly ............................................................................................... 45,000

Kernersville .................................................................................... 115,400

Kill Devil Hills ................................................................................... 10,500

Kings Mountain ................................................................................ 31,400

Kinston .......................................................................................... 973,300

Kittrell ................................................................................................ 4,700

Knightdale ........................................................................................ 24,400

Kure Beach ...................................................................................... 11,500

La Grange ........................................................................................ 83,600

Lake Lure .......................................................................................... 9,100

Lake Waccamaw ............................................................................. 30,600

Landis .............................................................................................. 69,100

Lansing ............................................................................................. 10,900

Lasker ................................................................................................ 4,700

Lattimore .......................................................................................... 10,100

Laurel Park ...................................................................................... 16,500

Laurinburg ...................................................................................... 323,200

Lawndale ......................................................................................... 28,400

Leaksville ....................................................................................... 252,000

Lenoir ............................................................................................ 402,200

Lewiston .......................................................................................... 14,100

Lexington ....................................................................................... 631,100

Liberty ............................................................................................. 56,400

LilesviIle ........................................................................................... 24,900

Lillington ........................................................................................... 48,700

Lincolnton ...................................................................................... 223,500

Linden ................................................................................................ 6,200

Littleton ............................................................................................ 40,200

Long Beach ........................................................................................ 4,000

Longview ....................................................................................... 117,500

Louisburg ....................................................................................... 112 200

Love Valley ........................................................................................ 3,000

Lowell ............................................................................................ 109,200

Lucama ............................................................................................ 19,500

Lumber Bridge ................................................................................... 3,900

Lumberton ...................................................................................... 600,200

Macclesfield ..................................................................................... 18,600

Macon ............................................................................................... 7,300

Madison ........................................................................................... 75,000

Magnolia .......................................................................................... 24,700

Municipality                                                                                           Amount

Maiden ....................................................................................... $    80,000

Manteo ............................................................................................ 23,000

Marion ........................................................................................... 131,200

Marshall ........................................................................................... 36,300

Mars Hill .......................................................................................... 61,700

Marshville ......................................................................................... 53,300

Matthews ......................................................................................... 23,900

Maxton ............................................................................................ 68,800

Mayodan .......................................................................................... 92,800

Maysville .......................................................................................... 35,000

McAdenville ..................................................................................... 29,300

McDonald .......................................................................................... 3,100

McFarlan ........................................................................................... 6,300

Mebane ............................................................................................ 92,700

Micro ............................................................................................... 13,700

Middleburg ......................................................................................... 6,700

Middlesex ........................................................................................ 23,100

Milton ................................................................................................ 9,200

Mocksville ........................................................................................ 93,300

Monroe .......................................................................................... 426,700

Mooresville .................................................................................... 271,300

Morehead City ............................................................................... 218,900

Morganton ..................................................................................... 360,200

Morrisville .......................................................................................... 8,700

Morven ............................................................................................ 20,300

Mount Airy ..................................................................................... 276,700

Mount Gilead ................................................................................... 48,200

Mount Holly ................................................................................... 158,300

Mount Olive ................................................................................... 183,300

Mount Pleasant ................................................................................. 40,800

Murfreesboro ................................................................................. 103,600

Murphy ............................................................................................ 87,600

Nags Head ....................................................................................... 28,600

Nashville .......................................................................................... 55,800

New Bern ...................................................................................... 616,300

Newland .......................................................................................... 22,100

New London ...................................................................................... 8,700

Newport .......................................................................................... 33,800

Newton .......................................................................................... 261,100

Newton Grove ................................................................................. 18,700

Norlina ............................................................................................. 36,400

North Wilkesboro .......................................................................... 164,600

Norwood ......................................................................................... 72,300

Oakboro .......................................................................................... 22,800

Oak City .......................................................................................... 22,500

Ocean Isle Beach .................................................................................. 200

Old Fort ........................................................................................... 30,900

Municipality                                                                                           Amount

Oriental ..................................................................................... $     20,500

Oxford ........................................................................................... 273,600

Pantego ............................................................................................ 10,300

Parkton ............................................................................................ 35,500

Parmele ............................................................................................ 12,700

Peachland ......................................................................................... 22,100

Pembroke ........................................................................................ 53,800

Pikeville ............................................................................................ 20,600

Pilot Mountain .................................................................................. 51,400

Pinebluff ........................................................................................... 20,000

Pine Level ........................................................................................ 32,700

Pinetops ........................................................................................... 53,800

Pineville ............................................................................................ 59,400

Pink Hill ........................................................................................... 17,900

Pittsboro .......................................................................................... 47,600

Plymouth ........................................................................................ 183,000

Polkton ............................................................................................ 20,800

Pollocksville ..................................................................................... 16,300

Powellsville ....................................................................................... 10,200

Princeton .......................................................................................... 37,200

PrinceviIle ........................................................................................ 31,300

Proctorville ......................................................................................... 7,400

Raeford .......................................................................................... 119,900

Raleigh ........................................................................................ 3,683,500

Ramseur ........................................................................................... 49,300

Randleman ....................................................................................... 87,500

Red Springs .................................................................................... 108,500

Reidsville ........................................................................................ 559,500

Rhodhiss .......................................................................................... 32,800

Richfield ........................................................................................... 11,500

Richlands .......................................................................................... 42,300

Rich Square ...................................................................................... 44,500

Roanoke Rapids ............................................................................. 522,300

Robbins ............................................................................................ 50,700

Robbinsville ...................................................................................... 23,000

Robersonville .................................................................................... 66,000

Rockingham ................................................................................... 216,200

Rockwell .......................................................................................... 37,200

Rocky Mount .............................................................................. 1,260,700

Rolesville .......................................................................................... 14,000

Ronda .............................................................................................. 20,000

Roper ............................................................................................... 30,200

Roseboro ......................................................................................... 53,100

Rose Hill .......................................................................................... 50,700

Rosman ............................................................................................ 16,400

Rowland ........................................................................................... 55,200

Roxboro ......................................................................................... 201,800

Municipality                                                                                           Amount

Roxobel ..................................................................................... $    17,700

Ruth ................................................................................................. 20,700

Rutherfordton ................................................................................. 133,000

Saint Pauls ........................................................................................ 88,200

Salemburg ........................................................................................ 22,300

Salisbury ........................................................................................ 835,200

Saluda .............................................................................................. 22,400

Sanford .......................................................................................... 480,500

Saratoga ........................................................................................... 16,000

Scotland Neck ............................................................................... 116,600

Seaboard ......................................................................................... 24,500

Seagrove .......................................................................................... 12,700

Selma ............................................................................................. 121,600

Seven Springs ..................................................................................... 8,100

Severn .............................................................................................. 12,200

Shallotte ........................................................................................... 18,800

Sharpsburg ....................................................................................... 19,200

Shelby ............................................................................................ 694,000

Siler City ........................................................................................ 174,700

Sims ................................................................................................... 8,000

Smithfield ....................................................................................... 239,900

Snow Hill ......................................................................................... 40,900

Southern Pines ................................................................................ 203,800

Southport ......................................................................................... 79,800

Sparta .............................................................................................. 41,100

Speed ................................................................................................ 5,600

Spencer .......................................................................................... 113,900

Spindale ......................................................................................... 160,100

Spray ............................................................................................. 179,000

Spring Hope ..................................................................................... 52,400

Spring Lake .................................................................................... 161,200

Spruce Pine ...................................................................................... 98,200

Staley ............................................................................................... 10,200

Stanfield ........................................................................................... 18,500

Stanley ............................................................................................. 77,600

Stantonsburg .................................................................................... 35,200

Star .................................................................................................. 29,200

Statesville ....................................................................................... 778,200

Stedman ........................................................................................... 18,000

Stem .................................................................................................. 8,700

Stoneville .......................................................................................... 37,300

Stovall .............................................................................................. 22,400

Surf City ........................................................................................... 10,400

Swansboro ....................................................................................... 43,300

Sylva ................................................................................................ 61,300

Tabor City ........................................................................................ 91,700

Tarboro .......................................................................................... 329,800

Municipality                                                                                           Amount

Tar Heel ...................................................................................... $     3,000

Taylorsville ....................................................................................... 57,600

Teacheys ............................................................................................ 7,300

Thomasville .................................................................................... 595,700

Topsail Beach ..................................................................................... 3,800

Trenton ............................................................................................ 15,800

Troutman .......................................................................................... 25,400

Troy ................................................................................................. 92,000

Tryon ............................................................................................... 87,200

Turkey ............................................................................................... 7,800

Valdese .......................................................................................... 115,300

Vanceboro ....................................................................................... 31,600

Vandemere ....................................................................................... 17,700

Vass ................................................................................................. 30,100

Waco ............................................................................................... 10,000

Wadesboro .................................................................................... 146,800

Wagram ........................................................................................... 22,000

Wake Forest .................................................................................. 104,500

Wallace ............................................................................................ 89,600

Walnut Cove .................................................................................... 50,500

Walstonburg ....................................................................................... 7,500

Warrenton ........................................................................................ 44,100

Warsaw ........................................................................................... 87,100

Washington .................................................................................... 389,800

Washington Park .............................................................................. 22,500

Waxhaw ........................................................................................... 28,600

Waynesville .................................................................................... 241,500

Weaverville ...................................................................................... 40,800

Weldon ............................................................................................ 84,900

Wendell ............................................................................................ 63,500

West Jefferson .................................................................................. 39,200

Whitakers ......................................................................................... 39,400

White Lake ........................................................................................ 5,100

Whiteville ....................................................................................... 183,600

Wilkesboro ...................................................................................... 61,500

Williamston ..................................................................................... 271,500

Wilmington .................................................................................. 1,726,000

Wilson ......................................................................................... 1,127,600

Windsor ........................................................................................... 83,000

Winfall .............................................................................................. 10,600

Wingate ............................................................................................ 51,100

Winston-Salem ............................................................................ 4,358,200

Winterville ........................................................................................ 55,600

Winton ............................................................................................. 32,700

Woodland ........................................................................................ 25,500

Woodville ......................................................................................... 13,500

Wrightsville Beach ............................................................................ 28,400

Municipality                                                                                           Amount

Yadkinville ................................................................................ $     64,500

Yaupon Beach .................................................................................... 3,500

Youngsville ....................................................................................... 23,400

Zebulon ............................................................................................ 60,200

___________

$75,000,000

As used herein the term "urban system of State highways" means such streets and highways as constitute part of the State highway system, under the provisions of G.S.136-66.1 and G.S. 136-66.2, within the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136-41.1. Rights of way for such streets and highways shall be acquired under and pursuant to the provisions of G.S. 136-66.3.

The amounts set forth above to be expended in the respective highway engineering divisions, counties and municipalities shall be conclusive and controlling.

Obligations by contract or work order for the construction, improving or relocating of highway facilities under the provisions of this Act (exclusive of obligations for engineering services and the acquisition of land) shall not be incurred in an aggregate amount exceeding sixty million dollars ($60,000,000.00) in the first fiscal year, beginning July 1, 1965, or in an aggregate amount exceeding one hundred twenty million dollars ($120,000,000.00) in the first two fiscal years, or in an aggregate amount exceeding one hundred eighty million dollars ($180,000,000.00) in the first three fiscal years, or in an aggregate amount exceeding two hundred forty million dollars ($240,000,000.00) in the first four fiscal years, or in an aggregate amount exceeding three hundred million dollars ($300,000,000.00) in the first five fiscal years.

The State Highway Commission may incur obligations for the construction, improving or relocating of highway facilities under the provisions of this Act in such priority in each fiscal year as it shall determine among the rural primary system of State highways, the rural secondary system of State highways and the urban system of State highways and the highway engineering divisions, counties and municipalities, notwithstanding the allocations made above in this Section.

The proceeds of said bonds may be used with any Federal funds which might be made available for the purposes set forth above and the State Highway Commission or any other governmental unit is authorized to apply for and accept any Federal funds and agree to the terms and conditions under which such Federal funds shall be made available. The provisions of this Act shall not be applicable to any such Federal funds.

Sec. 4.  Said bonds shall bear such date or dates, shall bear interest at such rate or rates not exceeding four per centum (4%) per annum, shall be stated to mature in such amounts and at such times not more than twenty (20) years from their date or dates, and may be made redeemable before maturity, at the option of the State, at such price or prices and under such terms and conditions, as may be fixed by the State Treasurer with the approval of the Governor and Council of State; provided, however, that prior to the issuance of any of the bonds herein authorized the State Treasurer shall estimate and determine the date by which sufficient proceeds of the additional one cent (l¢) per gallon tax on motor fuels provided for in Chapter 1250, Public Laws of 1949, and available for application to the payment of the principal of and the interest on the State of North Carolina Secondary Road Bonds authorized by said Chapter 1250, Public Laws of 1949, shall have been received by the State to provide for the payment of the principal of and the interest on said Secondary Road Bonds to and including the final maturity thereof, and the first maturity of any of the bonds herein authorized shall not be earlier than one year after said date.

Sec. 5.  Said bonds shall be signed on behalf of the State of North Carolina by the Governor or shall bear his facsimile signature and shall be signed by the State Treasurer, shall bear the Great Seal of the State or a facsimile thereof, shall be impressed or imprinted thereon, and said bonds shall carry interest coupons which shall bear a facsimile of the signature of the State Treasurer. In case any officer whose signature or a facsimile of whose signature shall appear on any bonds or coupons shall cease to be such an officer before the delivery of such bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. The form and denomination of the bonds shall be such as the State Treasurer may determine in conformity with this Act, and said bonds shall be subject to registration as is now or may hereafter be provided by law for State bonds, and provision may also be made for the reconversion into coupon bonds of any bonds registered as to both principal and interest.

Sec. 6.  Subject to determination by the Governor and Council of State as to the manner in which said bonds shall be offered for sale, whether by publishing notices in certain newspapers and financial journals or by mailing notices or by inviting bids by correspondence or otherwise, the State Treasurer is authorized to sell said bonds at one time or from time to time at the best price obtainable, but in no case for less than par and accrued interest, and when the conditions are equal he shall give the preference of purchase to the citizens of North Carolina. All expenses incurred in the sale and issuance of the bonds and any bond anticipation notes herein authorized shall be paid from any premiums received on the sale of bonds or bond anticipation notes under this Act or from the State Highway Fund.

Sec. 7.  By and with the consent of the Governor and Council of State, who shall determine the rate or rates of maximum rate of interest and the date of approximate date of payment, the State Treasurer is hereby authorized to borrow money at the lowest rate of interest obtainable and to execute and issue notes of the State for the same, but only in the following circumstances and under the following conditions:

(a)        for anticipating the sale of any of said bonds to the issuance of which the Governor and Council of State shall have given consent, if the State Treasurer shall deem it advisable to postpone the issuance of such bonds,

(b)        for the payment of interest upon or the principal of any of said bonds then outstanding, if there shall not be sufficient funds in the State Treasury with which to pay such interest or principal as they respectively fall due, or

(c)        for the renewal of any loan evidenced by notes herein authorized.

Sec. 8.  The proceeds of said bonds and of the bond anticipation notes herein authorized (except the proceeds of bonds the issuance of which has been anticipated by such bond anticipation notes and except any premium applied to the payment of expenses of the sale and issuance of bonds and bond anticipation notes as provided in Section 6 above) shall be placed by the State Treasurer in a special fund known as the "State Highway Construction Fund of 1965", and shall be disbursed only for the purpose provided in this Act.

Sec. 9.  Funds derived from the sale of bonds herein authorized shall be used in the payment of any bond anticipation notes that may have been issued in anticipation of the sale of such bonds and any renewals of such notes; and funds provided by the General Assembly for the payment of interest on or principal of bonds herein authorized shall be used in paying the interest on or principal of any notes and any renewals thereof the proceeds of which shall have been used in paying interest on or principal of such bonds. Interest payable upon said notes may be evidenced by interest coupons, in the State Treasurer's discretion.

Sec. 10.  The full faith, credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on the bonds and notes herein authorized.

Sec. 11.  The coupons appertaining to said bonds and notes after maturity shall be receivable in payment of taxes, debts, dues, licenses, fines, and demands due the State of any kind whatsoever.

Sec. 12.  All of said bonds and notes and coupons shall be exempt from all State, county and municipal taxation or assessment, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise, and the interest on said bonds and notes shall not be subject to taxation as for income, nor shall said bonds or notes or coupons be subject to taxation when constituting a part of the surplus of any bank, trust company or other corporation.

Sec. 13.  It shall be lawful for all executors, administrators, guardians and fiduciaries generally, and all sinking fund commissions, to invest any moneys in their hands in said bonds and notes.

Sec. 14.  From and after the time when sufficient proceeds of the additional one cent (l¢) per gallon tax on motor fuels provided for in Chapter 1250, Public Laws of 1949, and available for application to the payment of the principal of and the interest on the State of North Carolina Secondary Road Bonds authorized by said Chapter 1250, Public Laws of 1949, shall have been received by the State to provide for the payment of the principal of and the interest on said bonds to and including the final maturity thereof, said additional one cent (l¢) per gallon tax on motor fuels shall continue in force and shall be applied exclusively to the payment of the principal or redemption premium of and the interest on the State of North Carolina Highway Bonds authorized and issued under the provisions of this Act; provided, however, that if on June 30 of any fiscal year after payment of the principal of and the interest on said Secondary Road Bonds shall have been provided for the unexpended proceeds of said additional one cent (l¢) per gallon tax on motor fuels then held in the State Highway Fund shall exceed the interest falling due on said State of North Carolina Highway Bonds on the next interest payment date and the principal of said bonds falling due on the next maturity date, such excess may be used for the redemption of said bonds or for any other purposes for which moneys in the State Highway Fund are by law available.

Sec. 15.  The question of the issuance of said three hundred million dollars ($300,000,000.00) State of North Carolina Highway Bonds shall be submitted to the qualified voters of the State of North Carolina at an election to be held on a date during 1965 to be fixed by the Governor by a proclamation issued by him; provided, that the election herein provided for may be held on the same day as any other State, county, municipal or district election, and any other State, county, municipal or district election may be validly held on the same day as the bond election provided for in this Act. Notice of said election shall be given by publication at least twice in a newspaper published in each county in the State or having a general circulation therein, and said election shall be held under and in accordance with the general laws of the State of North Carolina, except that no absentee ballots shall be allowed in said election. The provisions of G.S. 163-31, 163-31.1 and 163-31.2 shall govern as to the registration of voters for said election. The State of North Carolina shall reimburse the counties of the State for all necessary expenses incurred in holding said election and registration therefor, the same to be paid out of the State Highway Fund. The State Board of Elections shall cause to be printed and distributed the ballots which are to be used in said election, which said ballots shall bear a facsimile of the signature of the Chairman of the State Board of Elections and shall be substantially in the following form:

OFFICIAL BALLOT

THREE HUNDRED MILLION DOLLARS

STATE OF NORTH CAROLINA

HIGHWAY BONDS

□          For the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds.

□          Against the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds.

(Facsimile Signature)

                                                               

Chairman, State Board of Elections

Those voting in said election who are in favor of the issuance of said bonds shall vote by making an X or check mark in the square opposite the words "For the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds".

Those opposed to the issuance of said bonds shall vote by making an X or check mark in the square opposite the words "Against the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds".

Notwithstanding the foregoing provisions of this Section, voting machines may be used in accordance with rules and regulations prescribed by the State Board of Elections.

If a majority of those voting thereon in said election shall vote in favor of the issuance of said bonds, said bonds shall be issued as hereinbefore provided. In the event a majority of those voting thereon in said election shall vote against the issuance of said bonds, said bonds shall not be issued.

The result of said election shall be canvassed and declared as provided by law for the holding of elections for State officers and the result thereof certified by the State Board of Elections to the Secretary of State of North Carolina, in the manner and at the time provided by the general election laws of the State.

Sec. 16.  Subject to all existing pledges of the revenues accruing to the State Highway Fund for paying the principal of and the interest on the State of North Carolina Secondary Road Bonds heretofore issued and subject to the provisions of Section 14 of this Act, there are hereby appropriated and irrevocably pledged to the payment of the principal of and the interest on the State of North Carolina Highway Bonds issued under the authority of this Act so much of the revenues accruing to the State Highway Fund as shall be required for such purpose. Until all of the bonds issued and outstanding under the authority of this Act and the interest and any redemption premium thereon shall be fully paid or sufficient funds for such purpose shall have been provided and set aside, the tax on motor fuels and automobile licenses to the extent hereby required shall not be repealed, diminished or applied to any purpose other than State Highway Fund purposes, and moneys of the State Highway Fund shall not be diverted to any purpose other than those purposes for which appropriations are now made from said fund.

Sec. 17.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 18.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 5th day of March, 1965.