NORTH CAROLINA GENERAL ASSEMBLY

1959 SESSION

 

 

CHAPTER 89

SENATE BILL 52

 

 

AN ACT AUTHORIZING THE CITY OF WILMINGTON TO ACQUIRE, CONSTRUCT, IMPROVE, ENLARGE, EXTEND AND EQUIP PROPERTIES RELATING TO THE PORT FACILITIES OF THE CITY, TO LEASE SAID PROPERTIES TO PUBLIC OR PRIVATE INTERESTS AND TO ISSUE REVENUE BONDS OF THE CITY THEREFOR PURSUANT TO THE REVENUE BOND ACT OF 1938.

 

The General Assembly of North Carolina do enact:

 

Section 1. The City of Wilmington, a municipal corporation in the County of New Hanover, is hereby authorized to acquire, by purchase or otherwise, construct, improve, enlarge, extend and equip any property or properties relating to or deemed to be necessary or advisable for the promotion, development, maintenance or operation of port facilities of the city, including, but without limitation, warehouses, docks and loading facilities, conveyor equipment, and other storage, terminal and handling facilities, and to lease any such property or properties to a public agency or instrumentality or to any private person, firm or corporation and under such terms and conditions and for such period or periods as the governing body of the city shall deem to be in the best interests of the city.

Sec. 2. The city is hereby authorized to issue revenue bonds under and pursuant to the provisions of the Revenue Bond Act of 1938 to pay all or any part of the cost of any such acquisition, construction, improvement, enlargement, extension or equipment of any such property or properties.

Sec. 3. The powers granted by this Act are in addition to and not in substitution for any other powers heretofore or hereafter granted to said city.

Sec. 4. All laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.

Sec. 5. This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 18th day of March, 1959.