1943_session laws_781_25
CHAPTER 780 AN ACT TO DECLARE THE NECESSITY OF CREATING PUBLIC BODIES CORPORATE AND POLITIC TO BE KNOWN AS HOSPITAL AUTHORITIES TO ENGAGE IN HOSPITAL CONSTRUCTION, MAINTENANCE AND OPERATION AND/OR PROJECTS TO PROVIDE HOS- PITAL ACCOMMODATIONS; TO PROVIDE FOR THE CREATION OF SUCH HOSPITAL AUTHORITIES; TO DEFINE THE POWERS AND DUTIES OF HOSPITAL AUTHORITIES AND TO PROVIDE FOR THE EXERCISE OF SUCH POWERS, INCLUDING ACQUIRING PROP- ERTY BY PURCHASE, GIFT OR EMINENT DOMAIN, AND INCLUDING BORROWING MONEY, ISSUING REV- ENUE AND CREDIT BONDS AND OTHER OBLIGA- TIONS, AND GIVING SECURITY THEREFOR; TO CON- FER REMEDIES ON OBLIGEES OF HOSPITAL AU- THORITIES; TO PROVIDE THAT HOSPITAL AUTHOR- ITIES, AND CERTAIN PROPERTY AND SECURITIES THEREOF SHALL BE TAX EXEMPT. The General Assembly of North Carolina do enact:
Appropriations by city and county. The governing body of any city or county in which the authority is located may appropriate each year, not exceeding five per cent of its general fund for the improvement, maintenance or operation of any public hospital or hospital project constructed, maintained, or operated by or to be constructed, maintained or operated by an authority, and moneys so appropriated and paid to a hospital authority by a city or municipality shall be deemed a necessary expense of such city or municipality.