NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 38
HOUSE BILL 45

AN ACT TO AUTHORIZE THE TOWN OF NORTH WILKESBORO TO ENTER INTO CONTRACTS FOR A RETIREMENT SYSTEM.

The General Assembly of North Carolina do enact:

Section 1.  The governing body of the Town of North Wilkesboro is hereby authorized and permitted, in its discretion, to contract with any company, firm, corporation or association for a system of retirement, disability or death benefits, or any combination thereof, for the employees and officials of the Town of North Wilkesboro, including the governing body thereof, and to expend the funds necessary therefor.
The governing body of the Town of North Wilkesboro is hereby authorized, in is discretion, to require payroll deductions of officials and employees who elect to participate in the system in order to provide funds which may be used in assisting in defraying the cost of the system.
Sec. 2.  The powers herein granted shall be construed to be supplemental to powers heretofore granted to the governing board of the Town of North Wilkesboro.
Sec. 3.  This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 3rd day of March, 1971.