1961_session laws_727_8
CHAPTER 726 AN ACT TO PROVIDE FOR AN ELECTION WITHIN THE NORTH ASHEBORO-CENTRAL FALLS SANITARY DISTRICT AND THE TOWN OF ASHEBORO ON THE PROPOSITION OF MERGER. The General Assembly of North Carolina do enact:
If merger is approved, the governing body of the Town of Asheboro shall determine the proportion of the district indebtedness which was incurred for construction of the water system, and the proportion which was incurred for the construction of the sewage disposal system. Upon making such determination the governing body shall send a certified copy to the Local Government Commission in order that the said commission and the governing body of the merged municipality can determine the net debt of the merged municipality as required by G. S. 160-383.