1967_session laws_1260_8
CHAPTER 1259 AN ACT AUTHORIZING THE CREATION OF THE WINSTON-SALEM TRANSIT AUTHORITY. The General Assembly of North Carolina do enact:
Funds. The establishment and operation of a Transit Authority as herein authorized is a governmental function and a_ public purpose and the City of Winston-Salem is hereby authorized to appropriate funds to support the establishment and operation of the Transit Authority. The City of Winston-Salem may also dedicate, sell, convey, donate or lease any of its interest in any property to the Authority. Further, the Authoritv is hereby authorized to establish such license and regulatory fees and charges as it may deem appropriate, subject to the approval of the Board of Aldermen. If the Board of Aldermen finds that the funds otherwise available are insufficient, it may call a special election without a petition 1899 and submit to the qualified voters of the City the question of whether or not a special tax shall be levied and/or bonds issued, specifying the maximum amount thereof, for the purpose of acquiring lands, buildings, equipment and facilities and for the operations of the Transit Authority.