NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION
CHAPTER 425
SENATE BILL 350
AN ACT TO AMEND CHAPTER 806 SESSION LAWS OF 1965 RELATING TO ABC ELECTIONS IN THE TOWN OF ELKIN.
The General Assembly of North Carolina do enact:
Section 1. Section 2 of Chapter 806 Session Laws of 1965 is amended by adding at the end thereof the following:
"Subsequent elections may be held under this act for the purpose of voting 'FOR' OR 'AGAINST' liquor control stores as provided in Section 1. No such election shall be held within three years of the last election held under this act."
Sec. 2. Section 4 of Chapter 806 Session Laws of 1965 is hereby amended by inserting immediately after the word "control" in line three the following ", except G.S. 18-45(15),".
Sec. 3. Section 5 of Chapter 806 Session Laws of 1965 is hereby amended by rewriting it to read as follows:
"Sec. 5. After deducting all cost, salaries and operating expenses, and after retaining a sufficient and proper working capital, the board of alcoholic control shall, on a quarterly basis, distribute the net revenues as follows:
55% to the General Fund of the Town of Elkin
17% to the Elkin Board of Education for the schools under its jurisdiction
15% to the Town for law enforcement purposes
10% to the Town for the Town Recreation Department
3% to the Town for the Municipal Library.
If any of the allocations above shall be declared invalid, then the funds allocated to the invalid purpose shall be paid to the General Fund of the Town."
Sec. 4. This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 24th day of May, 1971.