1925_public local laws_241_2
CHAPTER 240 AN ACT TO PROVIDE FOR PAYMENT OF SCHOOL INDEBT- EDNESS OF COLUMBUS COUNTY. Whereas, the public school laws of one thousand nine hundred and twenty-three directs that the board of county commissioners fund all school indebtedness outstanding as of December thirty- one, one thousand nine hundred and twenty-two; and Whereas, there was outstanding as of December thirty-one, one thousand nine hundred and twenty-two, in Columbus County a school indebtedness of approximately one hundred and fifteen thousand dollars to be funded under the public school law of one thousand nine hundred and twenty-three; and Whereas, the various boards of county commissioners are directed by said public school laws of one thousand nine hundred and twenty-three to borrow money to meet the amount called for in the budget where the levy is not sufficient to take care of the amount called for in the budget; and to increase the levy in the succeeding year to take care of the amount so bor- rowed; and Whereas, the board of county commissioners of Columbus County had to borrow fifty thousand dollars since December thirty-one, one thousand nine hundred and twenty-two, to meet the difference between the levy for school purposes and the amount called for in the budget of the county board of educa- tion; and Whereas, it was necessary to levy ninety cents on the one hundred dollars valuation of property, real and personal, for the year one thousand nine hundred and twenty-four to meet the demands of the budget, not including the fifty thousand dollars borrowed; and Whereas, the school taxes for said county are burdensome without the additional Jews to make up the fifty thousand dollars as required by Sw; Now, therefore, The General Assembly of North Carolina do enact:
That the board of county commissioners of Columbus County is hereby authorized and directed to fund the school debt of one hundred and fifteen thousand dollars incurred prior to December thirty-one, one thousand nine hundred and twenty-two, and the fifty thousand dollars incurred since that time and to issue sufficient bonds in an amount not to exceed one hundred and sixty-five thousand dollars with which to fund said indebtedness.