1917_public laws_65_3
CHAPTER 64 AN ACT TO ALLOW COUNTY TOWNSHIPS TO VOTE RAILROAD AID BONDS. The General Assembly of North Carolina do enact:
The board of commissioners of any county proposing to take stock, for the use and benefit of any railroad company, as mentioned in section one of this act, shall meet and agree upon the amount to be subscribed for such township or townships, and if a majority of the board shall vote for the proposition, this shall be entered of record, which shall show the amount proposed to be subscribed, and for what township or townships, to what company, and whether in bonds, money, or other property, and thereupon the board shall order an election, to be held upon a notice of not less than thirty days, in each and every township for whose use and benefit such subscription is made, for the purpose of voting for or against the proposition to subscribe the amount agreed on by the board of commis sioners. And if a majority of the qualified voters of the township or townships for whose use and benefit such subscription is made shall vote in favor of the proposition, the board of county commissioners through their chairman shall have power to subscribe the amount of stock proposed by them, for the use and benefit of such township or townships, as was originally made and submitted to the voters of said township or townships, subject to all the rules, regulations, and restrictions of other stockholders in such railroad company: Provided, that the township or townships, in the manner aforesaid, shall subscribe from time to time such amounts, either in bonds or money, as they may think proper.