1949_session laws_768_2
197 CHAPTER 767 AN ACT TO AUTHORIZE THE GOVERNING BODIES OF COUNTIES, CITIES AND TOWNS TO PLEDGE, EN- CUMBER OR APPROPRIATE SURPLUS FUNDS, UN- APPROPRIATED FUNDS AND PROFITS FROM ALCO- HOLIC BEVERAGE CONTROL STORES TO SECURE THE OPERATING DEFICITS OF PUBLICLY OWNED OR NON-PROFIT HOSPITALS. The General Assembly of North Carolina do enact:
The board of county commissioners of any county or the governing authority of any city or town is hereby authorized, in its discretion, to pledge, encumber or appropriate funds from any surplus funds, unappropriated funds, or funds derived from profits of Alcoholic Beverage Control stores for the purpose of guaranteeing the operating deficit of any publicly owned or nonprofit hospital. The special approval of the General Assembly is hereby given to the above enumerated appropriations and authorizations for such special purposes.