1965_session laws_8_7
CHAPTER 7 AN ACT AUTHORIZING THE ESTABLISHMENT OF TOWN LIQUOR CONTROL STORES IN THE TOWN OF MOORESVILLE UPON A VOTE OF THE PEOPLE AND PROVIDING FOR THE ALLOCATION OF THE NET PROCEEDS FROM THE OPERATION OF SUCH STORES. The General Assembly of North Carolina do enact:
The net profits derived from the operation of liquor control stores in the Town of Mooresville, after deducting the necessary funds for law enforcement as provided in G. S. 18-45, shall be divided as follows: 1 Twelve and one-half percent (124%%) shall be turned over to the Iredell County Board of Commissioners to be used exclusively for school purposes. 2 A minimum of twenty-five percent -25% shall be used by the Board of Commissioners of the Town of Mooresville for the acquisition and improvement of lands and buildings for public parks, playgrounds, and recreational centers and the maintenance and operation of the same. 3 A minimum of twenty-seven and one-half percent (27'2%) shall be used by the Mooresville City School Board to operate the Mooresville Schoo) District schools at a higher standard than provided by county or state support, including the use of said funds for capital improvements, and to supplement the salaries of public school teachers teaching in the Mooresville Schoo] District. 4 The remaining net profits shall be turned over to the Board of Commissioners of the Town of Mooresville to be used for any of the following purposes: a. To provide additional funds for Alcoholic Beverage Control law enforcement. b. Any town governmental purpose. c. To provide funds in addition to the minimum amounts hereinbefore specified for the acquisition and improvement of lands and buildings for public parks, playgrounds, and recreational centers and maintenance and operation of the same. d. To provide funds in addition to the minimum amounts hereinbefore specified to operate the Mooresville School District schools at a higher standard than provided by county or state support, including the use of said funds for capital improvements, and to supplement the salaries of public school teachers teaching in the Mooresville School District. e. Acquisition of sites and construction, maintenance and operation of public hospitals. f. Acquisition, maintenance, operation, enlargement and improvement of public libraries, public art museums, and armories. 25