NORTH CAROLINA GENERAL ASSEMBLY
1965 SESSION
CHAPTER 46
SENATE BILL 15
AN ACT TO AUTHORIZE THE ISSUANCE OF THREE HUNDRED MILLION DOLLARS ($300,000,000) OF BONDS OF THE STATE TO PROVIDE FUNDS FOR THE CONSTRUCTION OF HIGHWAYS, SUBJECT TO A VOTE OF THE PEOPLE OF THE STATE.
The General Assembly of North Carolina do enact:
Section 1. This Act shall be known and may be cited as the "State Highway Bond Act of 1965".
Sec. 2. Subject to a favorable vote of a majority of the qualified voters of the State who shall vote thereon in an election called and held as hereinafter provided, the State Treasurer is hereby authorized, by and with the consent of the Governor and Council of State, to issue and sell, at one time or from time to time, bonds of the State, to be designated "State of North Carolina Highway Bonds", in an aggregate principal amount not exceeding three hundred million dollars ($300,000,000.00). The proceeds of said bonds are hereby appropriated to the State Highway Commission, which appropriation shall be in addition to all other appropriations heretofore made or which may be made at the present Session of the General Assembly. Said proceeds shall be used by the State Highway Commission exclusively for the purpose of constructing, improving or relocating roads, bridges, tunnels and other highway facilities constituting at the time of such construction, improvement or relocation a part of the State highway system.
Sec. 3. The proceeds of said bonds shall be expended by the State Highway Commission for the construction, improving or relocating of highway facilities and in amounts as follows:
(a) One hundred fifty million dollars ($150,000,000.00) on the rural primary system of State highways as defined herein, which amount is hereby allocated for expenditure in the fourteen highway engineering divisions as follows, based proportionately upon the mileage of highways constituting part of said rural primary system of State highways on January 1, 1965, in each of said divisions:
Highway engineering
division Amount
1 .................................................................................................. $ 13,205,200
2 ..................................................................................................... 11,052,000
3 ..................................................................................................... 12,188,000
4 ..................................................................................................... 13,324,000
5 ..................................................................................................... 10,192,200
6 ..................................................................................................... 14,373,600
7 ....................................................................................................... 9,721,000
8 ..................................................................................................... 11,095,900
9 ....................................................................................................... 8,377,100
10 ..................................................................................................... 8,095,700
11 ................................................................................................... 10,251,600
12 ..................................................................................................... 8,506,200
13 ................................................................................................... 10,161,200
14 ..................................................................................................... 9,456,300
____________
$150,000,000
As used herein the term "rural primary system of State highways" means the highways within the State numbered with the prefix "U.S." or "N.C." that are outside the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136‑41.1.
(b) Seventy-five million dollars ($75,000,000.00) on the rural secondary system of State highways as defined herein, which amount is hereby allocated for expenditure in the counties of the State as follows, based proportionately upon the mileage of unpaved highways constituting part of said rural secondary system of State highways on January 1, 1965, in each of said counties:
County Amount
Alamance ......................................................................................... $ 1,081,200
Alexander .............................................................................................. 617,500
Alleghany ............................................................................................... 844,400
Anson .................................................................................................... 619,300
Ashe ................................................................................................... 1,482,000
Avery .................................................................................................... 469,500
Beaufort .............................................................................................. 1,049,400
Bertie ..................................................................................................... 619,100
Bladen ................................................................................................... 836,600
Brunswick .............................................................................................. 694,000
Buncombe .......................................................................................... 1,266,900
Burke .................................................................................................... 828,800
County Amount
Cabarrus ............................................................................................. $ 524,800
Caldwell ................................................................................................ 836,300
Camden ................................................................................................. 184,300
Carteret ................................................................................................. 210,500
Caswell .................................................................................................. 708,900
Catawba ................................................................................................ 687,800
Chatham ............................................................................................. 1,248,300
Cherokee ............................................................................................... 881,000
Chowan ................................................................................................. 147,800
Clay ....................................................................................................... 361,100
Cleveland ............................................................................................ 1,092,700
Columbus ........................................................................................... 1,185,200
Craven ................................................................................................... 709,200
Cumberland ........................................................................................... 791,700
Currituck ............................................................................................... 200,500
Dare ........................................................................................................ 83,600
Davidson ............................................................................................ 1,196,900
Davie ..................................................................................................... 566,100
Duplin ................................................................................................. 1,250,200
Durham .................................................................................................. 730,100
Edgecombe ............................................................................................ 350,700
Forsyth .................................................................................................. 910,000
Franklin ................................................................................................. 735,300
Gaston ................................................................................................... 576,800
Gates ..................................................................................................... 371,000
Graham .................................................................................................. 299,500
Granville ............................................................................................. 1,159,300
Greene ................................................................................................... 271,300
Guilford .............................................................................................. 1,632,700
Halifax ................................................................................................... 681,000
Harnett .................................................................................................. 947,800
Haywood ............................................................................................... 753,500
Henderson .......................................................................................... 1,201,100
Hertford ................................................................................................. 360,100
Hoke ..................................................................................................... 212,000
Hyde ..................................................................................................... 188,800
Iredell ................................................................................................. 1,275,100
Jackson ................................................................................................. 872,400
Johnston ............................................................................................. 1,403,200
Jones ..................................................................................................... 217,000
Lee ........................................................................................................ 251,200
Lenoir .................................................................................................... 692,200
Lincoln ................................................................................................... 603,200
McDowell .............................................................................................. 605,200
Macon ................................................................................................ 1,032,700
Madison ................................................................................................ 998,700
Martin .................................................................................................... 535,500
County Amount
Mecklenburg ....................................................................................... $ 455,100
Mitchell .................................................................................................. 469,500
Montgomery .......................................................................................... 471,600
Moore ................................................................................................... 856,700
Nash ...................................................................................................... 664,800
New Hanover .......................................................................................... 95,300
Northampton ......................................................................................... 395,100
Onslow .................................................................................................. 523,300
Orange .................................................................................................. 971,100
Pamlico .................................................................................................. 263,200
Pasquotank ............................................................................................ 189,600
Pender ................................................................................................... 549,400
Perquimans ............................................................................................ 255,600
Person ................................................................................................ 1,016,200
Pitt ......................................................................................................... 983,100
Polk ....................................................................................................... 631,400
Randolph ............................................................................................ 1,931,700
Richmond .............................................................................................. 366,300
Robeson ............................................................................................. 1,235,300
Rockingham ........................................................................................ 1,376,800
Rowan ................................................................................................... 916,600
Rutherford .......................................................................................... 1,260,400
Sampson ............................................................................................. 1,669,800
Scotland ................................................................................................ 259,300
Stanly .................................................................................................... 779,400
Stokes ................................................................................................ 1,400,300
Surry .................................................................................................. 1,494,100
Swain .................................................................................................... 275,200
Transylvania ........................................................................................... 538,100
Tyrrell .................................................................................................... 190,900
Union .................................................................................................. 1,214,900
Vance .................................................................................................... 348,100
Wake ................................................................................................. 1,343,700
Warren .................................................................................................. 765,300
Washington ............................................................................................ 226,900
Watauga ................................................................................................ 917,500
Wayne ................................................................................................... 631,100
Wilkes ................................................................................................ 2,059,600
Wilson ................................................................................................... 427,400
Yadkin ................................................................................................... 969,700
Yancey .................................................................................................. 467,600
__________
$75,000,000
As used herein the term "rural secondary system of State highways" means all of the public highways in the State the exclusive control, management and responsibility for which are vested in the State Highway Commission, except the highways included in the rural primary system of State high ways as herein denned, that are outside the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136‑41.1.
(c) Seventy-five million dollars ($75,000,000.00) on the urban system of State highways as defined herein, which amount is hereby allocated for expenditure in municipalities in the State as follows, based proportionately upon the population of each of said municipalities used as a basis for the allocation of funds in the year 1964 under the provisions of G.S. 136‑41.1:
Municipality Amount
Aberdeen .................................................................................. $ 60,000
Ahoskie .......................................................................................... 179,700
Albemarle ....................................................................................... 480,800
Alexander Mills ................................................................................ 37,100
Andrews .......................................................................................... 55,100
Angier .............................................................................................. 49,000
Ansonville ......................................................................................... 21,900
Apex ................................................................................................ 53,600
Arlington .......................................................................................... 23,100
Asheboro ....................................................................................... 370,500
Asheville ...................................................................................... 2,360,400
Askewville .......................................................................................... 7,600
Atkinson ........................................................................................... 11,800
Atlantic Beach .................................................................................... 3,000
Aulander .......................................................................................... 42,500
Aurora ............................................................................................. 17,600
Autryville ............................................................................................ 7,500
Ayden ............................................................................................ 121,900
Bailey ............................................................................................... 31,200
Bakersville ........................................................................................ 15,400
Banner Elk ....................................................................................... 22,100
Bath ................................................................................................. 13,600
Battleboro ........................................................................................ 14,300
Bayboro ........................................................................................... 21,400
Bear Grass ......................................................................................... 4,000
Beaufort ......................................................................................... 114,600
Belhaven .......................................................................................... 93,600
Belmont .......................................................................................... 196,400
Benson ............................................................................................. 92,400
Bessemer City ................................................................................ 157,500
Bethel ............................................................................................... 61,900
Beulaville .......................................................................................... 41,600
Biltmore Forest ................................................................................. 39,400
Biscoe .............................................................................................. 41,300
Black Creek ..................................................................................... 12,200
Black Mountain ................................................................................ 51,500
Bladenboro ...................................................................................... 30,400
Blowing Rock ................................................................................... 27,900
Boiling Springs .................................................................................. 51,400
Municipality Amount
Bolivia ....................................................................................... $ 7,900
Bolton .............................................................................................. 24,200
Boone ............................................................................................ 144,500
Boonville .......................................................................................... 21,100
Bostic ............................................................................................... 10,700
Brevard .......................................................................................... 190,500
Bridgeton ......................................................................................... 25,000
Broadway ........................................................................................ 18,300
Brookford ........................................................................................ 23,400
Brunswick .......................................................................................... 6,600
Bryson City ...................................................................................... 42,500
Bunn ................................................................................................ 13,000
Burgaw ............................................................................................ 68,600
Burlington .................................................................................... 1,301,900
Burnsville .......................................................................................... 54,400
Calypso ............................................................................................ 24,800
Cameron .......................................................................................... 11,700
Candor ............................................................................................. 23,300
Canton ........................................................................................... 198,700
Cape Carteret .................................................................................... 2,900
Carolina Beach ................................................................................. 46,700
Carrboro .......................................................................................... 78,300
Carthage .......................................................................................... 46,700
Cary ............................................................................................... 131,600
Castalia ............................................................................................ 10,500
Catawba .......................................................................................... 19,800
Chadbourne ..................................................................................... 91,100
Chapel Hill ..................................................................................... 493,100
Charlotte ..................................................................................... 7,904,400
Cherryville ...................................................................................... 141,500
China Grove ..................................................................................... 58,800
Chocowinity ..................................................................................... 22,700
Claremont ........................................................................................ 28,600
Clarkton ........................................................................................... 26,000
Clayton .......................................................................................... 129,500
Cleveland ......................................................................................... 23,300
Clinton ........................................................................................... 292,600
Clyde ............................................................................................... 26,700
Coats ............................................................................................... 41,100
Colerain ........................................................................................... 13,300
Columbia .......................................................................................... 43,100
Columbus ......................................................................................... 28,400
Concord ......................................................................................... 698,000
Conetoe ............................................................................................. 5,800
Conover ........................................................................................... 89,500
Conway ........................................................................................... 26,000
Cornelius .......................................................................................... 56,600
Municipality Amount
Cove City .................................................................................. $ 21,600
Creedmoor ....................................................................................... 33,800
Creswell ........................................................................................... 15,800
Crossnore ........................................................................................ 10,900
Dallas ............................................................................................. 128,200
Danbury ............................................................................................. 6,900
Davidson ........................................................................................ 100,900
Denton ............................................................................................. 33,400
Dillsboro ............................................................................................ 5,500
Dobson ............................................................................................ 26,800
Dover ............................................................................................... 25,500
Draper ........................................................................................... 132,600
Drexel .............................................................................................. 44,900
Dublin .............................................................................................. 14,400
Dunn .............................................................................................. 296,700
Durham ....................................................................................... 3,070,600
East Bend ......................................................................................... 17,500
East Laurinburg ................................................................................ 27,300
East Spencer .................................................................................... 85,100
Edenton .......................................................................................... 174,800
Elizabeth City ................................................................................. 551,400
Elizabethtown ................................................................................... 63,700
Elkin ............................................................................................... 112,500
Elk Park ........................................................................................... 18,000
Ellenboro .......................................................................................... 19,300
Ellerbe .............................................................................................. 33,100
Elm City ........................................................................................... 28,600
Elon College ..................................................................................... 50,300
Emerald Isle .......................................................................................... 600
Enfield ............................................................................................ 116,800
Eureka ............................................................................................... 9,600
Everetts .............................................................................................. 8,800
Fair Bluff .......................................................................................... 40,400
Fairmont ........................................................................................... 89,600
Faison .............................................................................................. 26,100
Faith ................................................................................................. 19,400
Falcon ................................................................................................ 9,200
Falkland ............................................................................................. 5,500
Farmville ........................................................................................ 156,700
Fayetteville .................................................................................. 1,847,300
Forest City ..................................................................................... 257,100
Fountain ........................................................................................... 19,500
Four Oaks ........................................................................................ 39,600
Franklin ............................................................................................ 85,200
Franklinton ....................................................................................... 59,300
Franklinville ...................................................................................... 26,900
Fremont ........................................................................................... 63,100
Municipality Amount
Fuquay Springs ......................................................................... $ 132,900
Garland ............................................................................................ 25,200
Garner ............................................................................................ 135,300
Garysburg .......................................................................................... 7,100
Gaston ............................................................................................. 47,600
Gastonia ...................................................................................... 1,461,800
Gatesville .......................................................................................... 18,000
Gibson ............................................................................................. 19,600
Gibsonville ........................................................................................ 70,000
Glen Alpine ...................................................................................... 28,800
Goldsboro ................................................................................... 1,132,300
Goldston .......................................................................................... 14,700
Graham .......................................................................................... 302,900
Granite Falls ................................................................................... 103,700
Granite Quarry ................................................................................. 41,500
Greensboro ................................................................................. 4,689,100
Greenville ....................................................................................... 896,500
Grifton .............................................................................................. 71,200
Grimesland ....................................................................................... 14,200
Grover ............................................................................................. 21,100
Halifax .............................................................................................. 14,500
Hamilton ........................................................................................... 22,200
Hamlet ........................................................................................... 174,900
Harmony .......................................................................................... 12,600
Harrellsville ......................................................................................... 6,700
Hassell ............................................................................................... 5,800
Havelock .......................................................................................... 95,400
Hayesville ......................................................................................... 16,800
Hazelwood ....................................................................................... 75,500
Henderson ...................................................................................... 499,600
Hendersonville ................................................................................ 231,800
Hertford ........................................................................................... 81,100
Hickory .......................................................................................... 758,000
Highlands ......................................................................................... 23,400
High Point ................................................................................... 2,433,800
Hillsboro .......................................................................................... 52,900
Hobgood .......................................................................................... 24,700
Hoffman ........................................................................................... 13,500
Holly Ridge ...................................................................................... 28,700
Holly Springs .................................................................................... 21,900
Hookerton ........................................................................................ 14,000
Hope Mills ....................................................................................... 43,500
Hot Springs ...................................................................................... 28,400
Hudson ............................................................................................ 60,200
Huntersville ....................................................................................... 39,400
Indian Trail ....................................................................................... 14,300
Jackson ............................................................................................ 30,000
Municipality Amount
Jacksonville .............................................................................. $ 529,100
Jamestown ....................................................................................... 48,900
Jamesville ......................................................................................... 21,100
Jefferson ........................................................................................... 31,900
Jonesville ............................................................................................ 4,300
Kelford ............................................................................................ 14,200
Kenansville ....................................................................................... 28,400
Kenly ............................................................................................... 45,000
Kernersville .................................................................................... 115,400
Kill Devil Hills ................................................................................... 10,500
Kings Mountain ................................................................................ 31,400
Kinston .......................................................................................... 973,300
Kittrell ................................................................................................ 4,700
Knightdale ........................................................................................ 24,400
Kure Beach ...................................................................................... 11,500
La Grange ........................................................................................ 83,600
Lake Lure .......................................................................................... 9,100
Lake Waccamaw ............................................................................. 30,600
Landis .............................................................................................. 69,100
Lansing ............................................................................................. 10,900
Lasker ................................................................................................ 4,700
Lattimore .......................................................................................... 10,100
Laurel Park ...................................................................................... 16,500
Laurinburg ...................................................................................... 323,200
Lawndale ......................................................................................... 28,400
Leaksville ....................................................................................... 252,000
Lenoir ............................................................................................ 402,200
Lewiston .......................................................................................... 14,100
Lexington ....................................................................................... 631,100
Liberty ............................................................................................. 56,400
LilesviIle ........................................................................................... 24,900
Lillington ........................................................................................... 48,700
Lincolnton ...................................................................................... 223,500
Linden ................................................................................................ 6,200
Littleton ............................................................................................ 40,200
Long Beach ........................................................................................ 4,000
Longview ....................................................................................... 117,500
Louisburg ....................................................................................... 112 200
Love Valley ........................................................................................ 3,000
Lowell ............................................................................................ 109,200
Lucama ............................................................................................ 19,500
Lumber Bridge ................................................................................... 3,900
Lumberton ...................................................................................... 600,200
Macclesfield ..................................................................................... 18,600
Macon ............................................................................................... 7,300
Madison ........................................................................................... 75,000
Magnolia .......................................................................................... 24,700
Municipality Amount
Maiden ....................................................................................... $ 80,000
Manteo ............................................................................................ 23,000
Marion ........................................................................................... 131,200
Marshall ........................................................................................... 36,300
Mars Hill .......................................................................................... 61,700
Marshville ......................................................................................... 53,300
Matthews ......................................................................................... 23,900
Maxton ............................................................................................ 68,800
Mayodan .......................................................................................... 92,800
Maysville .......................................................................................... 35,000
McAdenville ..................................................................................... 29,300
McDonald .......................................................................................... 3,100
McFarlan ........................................................................................... 6,300
Mebane ............................................................................................ 92,700
Micro ............................................................................................... 13,700
Middleburg ......................................................................................... 6,700
Middlesex ........................................................................................ 23,100
Milton ................................................................................................ 9,200
Mocksville ........................................................................................ 93,300
Monroe .......................................................................................... 426,700
Mooresville .................................................................................... 271,300
Morehead City ............................................................................... 218,900
Morganton ..................................................................................... 360,200
Morrisville .......................................................................................... 8,700
Morven ............................................................................................ 20,300
Mount Airy ..................................................................................... 276,700
Mount Gilead ................................................................................... 48,200
Mount Holly ................................................................................... 158,300
Mount Olive ................................................................................... 183,300
Mount Pleasant ................................................................................. 40,800
Murfreesboro ................................................................................. 103,600
Murphy ............................................................................................ 87,600
Nags Head ....................................................................................... 28,600
Nashville .......................................................................................... 55,800
New Bern ...................................................................................... 616,300
Newland .......................................................................................... 22,100
New London ...................................................................................... 8,700
Newport .......................................................................................... 33,800
Newton .......................................................................................... 261,100
Newton Grove ................................................................................. 18,700
Norlina ............................................................................................. 36,400
North Wilkesboro .......................................................................... 164,600
Norwood ......................................................................................... 72,300
Oakboro .......................................................................................... 22,800
Oak City .......................................................................................... 22,500
Ocean Isle Beach .................................................................................. 200
Old Fort ........................................................................................... 30,900
Municipality Amount
Oriental ..................................................................................... $ 20,500
Oxford ........................................................................................... 273,600
Pantego ............................................................................................ 10,300
Parkton ............................................................................................ 35,500
Parmele ............................................................................................ 12,700
Peachland ......................................................................................... 22,100
Pembroke ........................................................................................ 53,800
Pikeville ............................................................................................ 20,600
Pilot Mountain .................................................................................. 51,400
Pinebluff ........................................................................................... 20,000
Pine Level ........................................................................................ 32,700
Pinetops ........................................................................................... 53,800
Pineville ............................................................................................ 59,400
Pink Hill ........................................................................................... 17,900
Pittsboro .......................................................................................... 47,600
Plymouth ........................................................................................ 183,000
Polkton ............................................................................................ 20,800
Pollocksville ..................................................................................... 16,300
Powellsville ....................................................................................... 10,200
Princeton .......................................................................................... 37,200
PrinceviIle ........................................................................................ 31,300
Proctorville ......................................................................................... 7,400
Raeford .......................................................................................... 119,900
Raleigh ........................................................................................ 3,683,500
Ramseur ........................................................................................... 49,300
Randleman ....................................................................................... 87,500
Red Springs .................................................................................... 108,500
Reidsville ........................................................................................ 559,500
Rhodhiss .......................................................................................... 32,800
Richfield ........................................................................................... 11,500
Richlands .......................................................................................... 42,300
Rich Square ...................................................................................... 44,500
Roanoke Rapids ............................................................................. 522,300
Robbins ............................................................................................ 50,700
Robbinsville ...................................................................................... 23,000
Robersonville .................................................................................... 66,000
Rockingham ................................................................................... 216,200
Rockwell .......................................................................................... 37,200
Rocky Mount .............................................................................. 1,260,700
Rolesville .......................................................................................... 14,000
Ronda .............................................................................................. 20,000
Roper ............................................................................................... 30,200
Roseboro ......................................................................................... 53,100
Rose Hill .......................................................................................... 50,700
Rosman ............................................................................................ 16,400
Rowland ........................................................................................... 55,200
Roxboro ......................................................................................... 201,800
Municipality Amount
Roxobel ..................................................................................... $ 17,700
Ruth ................................................................................................. 20,700
Rutherfordton ................................................................................. 133,000
Saint Pauls ........................................................................................ 88,200
Salemburg ........................................................................................ 22,300
Salisbury ........................................................................................ 835,200
Saluda .............................................................................................. 22,400
Sanford .......................................................................................... 480,500
Saratoga ........................................................................................... 16,000
Scotland Neck ............................................................................... 116,600
Seaboard ......................................................................................... 24,500
Seagrove .......................................................................................... 12,700
Selma ............................................................................................. 121,600
Seven Springs ..................................................................................... 8,100
Severn .............................................................................................. 12,200
Shallotte ........................................................................................... 18,800
Sharpsburg ....................................................................................... 19,200
Shelby ............................................................................................ 694,000
Siler City ........................................................................................ 174,700
Sims ................................................................................................... 8,000
Smithfield ....................................................................................... 239,900
Snow Hill ......................................................................................... 40,900
Southern Pines ................................................................................ 203,800
Southport ......................................................................................... 79,800
Sparta .............................................................................................. 41,100
Speed ................................................................................................ 5,600
Spencer .......................................................................................... 113,900
Spindale ......................................................................................... 160,100
Spray ............................................................................................. 179,000
Spring Hope ..................................................................................... 52,400
Spring Lake .................................................................................... 161,200
Spruce Pine ...................................................................................... 98,200
Staley ............................................................................................... 10,200
Stanfield ........................................................................................... 18,500
Stanley ............................................................................................. 77,600
Stantonsburg .................................................................................... 35,200
Star .................................................................................................. 29,200
Statesville ....................................................................................... 778,200
Stedman ........................................................................................... 18,000
Stem .................................................................................................. 8,700
Stoneville .......................................................................................... 37,300
Stovall .............................................................................................. 22,400
Surf City ........................................................................................... 10,400
Swansboro ....................................................................................... 43,300
Sylva ................................................................................................ 61,300
Tabor City ........................................................................................ 91,700
Tarboro .......................................................................................... 329,800
Municipality Amount
Tar Heel ...................................................................................... $ 3,000
Taylorsville ....................................................................................... 57,600
Teacheys ............................................................................................ 7,300
Thomasville .................................................................................... 595,700
Topsail Beach ..................................................................................... 3,800
Trenton ............................................................................................ 15,800
Troutman .......................................................................................... 25,400
Troy ................................................................................................. 92,000
Tryon ............................................................................................... 87,200
Turkey ............................................................................................... 7,800
Valdese .......................................................................................... 115,300
Vanceboro ....................................................................................... 31,600
Vandemere ....................................................................................... 17,700
Vass ................................................................................................. 30,100
Waco ............................................................................................... 10,000
Wadesboro .................................................................................... 146,800
Wagram ........................................................................................... 22,000
Wake Forest .................................................................................. 104,500
Wallace ............................................................................................ 89,600
Walnut Cove .................................................................................... 50,500
Walstonburg ....................................................................................... 7,500
Warrenton ........................................................................................ 44,100
Warsaw ........................................................................................... 87,100
Washington .................................................................................... 389,800
Washington Park .............................................................................. 22,500
Waxhaw ........................................................................................... 28,600
Waynesville .................................................................................... 241,500
Weaverville ...................................................................................... 40,800
Weldon ............................................................................................ 84,900
Wendell ............................................................................................ 63,500
West Jefferson .................................................................................. 39,200
Whitakers ......................................................................................... 39,400
White Lake ........................................................................................ 5,100
Whiteville ....................................................................................... 183,600
Wilkesboro ...................................................................................... 61,500
Williamston ..................................................................................... 271,500
Wilmington .................................................................................. 1,726,000
Wilson ......................................................................................... 1,127,600
Windsor ........................................................................................... 83,000
Winfall .............................................................................................. 10,600
Wingate ............................................................................................ 51,100
Winston-Salem ............................................................................ 4,358,200
Winterville ........................................................................................ 55,600
Winton ............................................................................................. 32,700
Woodland ........................................................................................ 25,500
Woodville ......................................................................................... 13,500
Wrightsville Beach ............................................................................ 28,400
Municipality Amount
Yadkinville ................................................................................ $ 64,500
Yaupon Beach .................................................................................... 3,500
Youngsville ....................................................................................... 23,400
Zebulon ............................................................................................ 60,200
___________
$75,000,000
As used herein the term "urban system of State highways" means such streets and highways as constitute part of the State highway system, under the provisions of G.S.136-66.1 and G.S. 136-66.2, within the corporate limits of the municipalities to which funds were allocated in the year 1964 under the provisions of G.S. 136-41.1. Rights of way for such streets and highways shall be acquired under and pursuant to the provisions of G.S. 136-66.3.
The amounts set forth above to be expended in the respective highway engineering divisions, counties and municipalities shall be conclusive and controlling.
Obligations by contract or work order for the construction, improving or relocating of highway facilities under the provisions of this Act (exclusive of obligations for engineering services and the acquisition of land) shall not be incurred in an aggregate amount exceeding sixty million dollars ($60,000,000.00) in the first fiscal year, beginning July 1, 1965, or in an aggregate amount exceeding one hundred twenty million dollars ($120,000,000.00) in the first two fiscal years, or in an aggregate amount exceeding one hundred eighty million dollars ($180,000,000.00) in the first three fiscal years, or in an aggregate amount exceeding two hundred forty million dollars ($240,000,000.00) in the first four fiscal years, or in an aggregate amount exceeding three hundred million dollars ($300,000,000.00) in the first five fiscal years.
The State Highway Commission may incur obligations for the construction, improving or relocating of highway facilities under the provisions of this Act in such priority in each fiscal year as it shall determine among the rural primary system of State highways, the rural secondary system of State highways and the urban system of State highways and the highway engineering divisions, counties and municipalities, notwithstanding the allocations made above in this Section.
The proceeds of said bonds may be used with any Federal funds which might be made available for the purposes set forth above and the State Highway Commission or any other governmental unit is authorized to apply for and accept any Federal funds and agree to the terms and conditions under which such Federal funds shall be made available. The provisions of this Act shall not be applicable to any such Federal funds.
Sec. 4. Said bonds shall bear such date or dates, shall bear interest at such rate or rates not exceeding four per centum (4%) per annum, shall be stated to mature in such amounts and at such times not more than twenty (20) years from their date or dates, and may be made redeemable before maturity, at the option of the State, at such price or prices and under such terms and conditions, as may be fixed by the State Treasurer with the approval of the Governor and Council of State; provided, however, that prior to the issuance of any of the bonds herein authorized the State Treasurer shall estimate and determine the date by which sufficient proceeds of the additional one cent (l¢) per gallon tax on motor fuels provided for in Chapter 1250, Public Laws of 1949, and available for application to the payment of the principal of and the interest on the State of North Carolina Secondary Road Bonds authorized by said Chapter 1250, Public Laws of 1949, shall have been received by the State to provide for the payment of the principal of and the interest on said Secondary Road Bonds to and including the final maturity thereof, and the first maturity of any of the bonds herein authorized shall not be earlier than one year after said date.
Sec. 5. Said bonds shall be signed on behalf of the State of North Carolina by the Governor or shall bear his facsimile signature and shall be signed by the State Treasurer, shall bear the Great Seal of the State or a facsimile thereof, shall be impressed or imprinted thereon, and said bonds shall carry interest coupons which shall bear a facsimile of the signature of the State Treasurer. In case any officer whose signature or a facsimile of whose signature shall appear on any bonds or coupons shall cease to be such an officer before the delivery of such bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. The form and denomination of the bonds shall be such as the State Treasurer may determine in conformity with this Act, and said bonds shall be subject to registration as is now or may hereafter be provided by law for State bonds, and provision may also be made for the reconversion into coupon bonds of any bonds registered as to both principal and interest.
Sec. 6. Subject to determination by the Governor and Council of State as to the manner in which said bonds shall be offered for sale, whether by publishing notices in certain newspapers and financial journals or by mailing notices or by inviting bids by correspondence or otherwise, the State Treasurer is authorized to sell said bonds at one time or from time to time at the best price obtainable, but in no case for less than par and accrued interest, and when the conditions are equal he shall give the preference of purchase to the citizens of North Carolina. All expenses incurred in the sale and issuance of the bonds and any bond anticipation notes herein authorized shall be paid from any premiums received on the sale of bonds or bond anticipation notes under this Act or from the State Highway Fund.
Sec. 7. By and with the consent of the Governor and Council of State, who shall determine the rate or rates of maximum rate of interest and the date of approximate date of payment, the State Treasurer is hereby authorized to borrow money at the lowest rate of interest obtainable and to execute and issue notes of the State for the same, but only in the following circumstances and under the following conditions:
(a) for anticipating the sale of any of said bonds to the issuance of which the Governor and Council of State shall have given consent, if the State Treasurer shall deem it advisable to postpone the issuance of such bonds,
(b) for the payment of interest upon or the principal of any of said bonds then outstanding, if there shall not be sufficient funds in the State Treasury with which to pay such interest or principal as they respectively fall due, or
(c) for the renewal of any loan evidenced by notes herein authorized.
Sec. 8. The proceeds of said bonds and of the bond anticipation notes herein authorized (except the proceeds of bonds the issuance of which has been anticipated by such bond anticipation notes and except any premium applied to the payment of expenses of the sale and issuance of bonds and bond anticipation notes as provided in Section 6 above) shall be placed by the State Treasurer in a special fund known as the "State Highway Construction Fund of 1965", and shall be disbursed only for the purpose provided in this Act.
Sec. 9. Funds derived from the sale of bonds herein authorized shall be used in the payment of any bond anticipation notes that may have been issued in anticipation of the sale of such bonds and any renewals of such notes; and funds provided by the General Assembly for the payment of interest on or principal of bonds herein authorized shall be used in paying the interest on or principal of any notes and any renewals thereof the proceeds of which shall have been used in paying interest on or principal of such bonds. Interest payable upon said notes may be evidenced by interest coupons, in the State Treasurer's discretion.
Sec. 10. The full faith, credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on the bonds and notes herein authorized.
Sec. 11. The coupons appertaining to said bonds and notes after maturity shall be receivable in payment of taxes, debts, dues, licenses, fines, and demands due the State of any kind whatsoever.
Sec. 12. All of said bonds and notes and coupons shall be exempt from all State, county and municipal taxation or assessment, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise, and the interest on said bonds and notes shall not be subject to taxation as for income, nor shall said bonds or notes or coupons be subject to taxation when constituting a part of the surplus of any bank, trust company or other corporation.
Sec. 13. It shall be lawful for all executors, administrators, guardians and fiduciaries generally, and all sinking fund commissions, to invest any moneys in their hands in said bonds and notes.
Sec. 14. From and after the time when sufficient proceeds of the additional one cent (l¢) per gallon tax on motor fuels provided for in Chapter 1250, Public Laws of 1949, and available for application to the payment of the principal of and the interest on the State of North Carolina Secondary Road Bonds authorized by said Chapter 1250, Public Laws of 1949, shall have been received by the State to provide for the payment of the principal of and the interest on said bonds to and including the final maturity thereof, said additional one cent (l¢) per gallon tax on motor fuels shall continue in force and shall be applied exclusively to the payment of the principal or redemption premium of and the interest on the State of North Carolina Highway Bonds authorized and issued under the provisions of this Act; provided, however, that if on June 30 of any fiscal year after payment of the principal of and the interest on said Secondary Road Bonds shall have been provided for the unexpended proceeds of said additional one cent (l¢) per gallon tax on motor fuels then held in the State Highway Fund shall exceed the interest falling due on said State of North Carolina Highway Bonds on the next interest payment date and the principal of said bonds falling due on the next maturity date, such excess may be used for the redemption of said bonds or for any other purposes for which moneys in the State Highway Fund are by law available.
Sec. 15. The question of the issuance of said three hundred million dollars ($300,000,000.00) State of North Carolina Highway Bonds shall be submitted to the qualified voters of the State of North Carolina at an election to be held on a date during 1965 to be fixed by the Governor by a proclamation issued by him; provided, that the election herein provided for may be held on the same day as any other State, county, municipal or district election, and any other State, county, municipal or district election may be validly held on the same day as the bond election provided for in this Act. Notice of said election shall be given by publication at least twice in a newspaper published in each county in the State or having a general circulation therein, and said election shall be held under and in accordance with the general laws of the State of North Carolina, except that no absentee ballots shall be allowed in said election. The provisions of G.S. 163-31, 163-31.1 and 163-31.2 shall govern as to the registration of voters for said election. The State of North Carolina shall reimburse the counties of the State for all necessary expenses incurred in holding said election and registration therefor, the same to be paid out of the State Highway Fund. The State Board of Elections shall cause to be printed and distributed the ballots which are to be used in said election, which said ballots shall bear a facsimile of the signature of the Chairman of the State Board of Elections and shall be substantially in the following form:
OFFICIAL BALLOT
THREE HUNDRED MILLION DOLLARS
STATE OF NORTH CAROLINA
HIGHWAY BONDS
□ For the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds.
□ Against the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds.
(Facsimile Signature)
Chairman, State Board of Elections
Those voting in said election who are in favor of the issuance of said bonds shall vote by making an X or check mark in the square opposite the words "For the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds".
Those opposed to the issuance of said bonds shall vote by making an X or check mark in the square opposite the words "Against the issuance of Three Hundred Million Dollars ($300,000,000.00) State of North Carolina Highway Bonds".
Notwithstanding the foregoing provisions of this Section, voting machines may be used in accordance with rules and regulations prescribed by the State Board of Elections.
If a majority of those voting thereon in said election shall vote in favor of the issuance of said bonds, said bonds shall be issued as hereinbefore provided. In the event a majority of those voting thereon in said election shall vote against the issuance of said bonds, said bonds shall not be issued.
The result of said election shall be canvassed and declared as provided by law for the holding of elections for State officers and the result thereof certified by the State Board of Elections to the Secretary of State of North Carolina, in the manner and at the time provided by the general election laws of the State.
Sec. 16. Subject to all existing pledges of the revenues accruing to the State Highway Fund for paying the principal of and the interest on the State of North Carolina Secondary Road Bonds heretofore issued and subject to the provisions of Section 14 of this Act, there are hereby appropriated and irrevocably pledged to the payment of the principal of and the interest on the State of North Carolina Highway Bonds issued under the authority of this Act so much of the revenues accruing to the State Highway Fund as shall be required for such purpose. Until all of the bonds issued and outstanding under the authority of this Act and the interest and any redemption premium thereon shall be fully paid or sufficient funds for such purpose shall have been provided and set aside, the tax on motor fuels and automobile licenses to the extent hereby required shall not be repealed, diminished or applied to any purpose other than State Highway Fund purposes, and moneys of the State Highway Fund shall not be diverted to any purpose other than those purposes for which appropriations are now made from said fund.
Sec. 17. All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 18. 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 5th day of March, 1965.