HOUSE BILL 1381
AN ACT TO AUTHORIZE WATAUGA COUNTY TO PRIVATELY SELL OR LEASE REAL ESTATE OWNED, OR HEREAFTER OWNED BY IT, AS AN INDUSTRIAL PARK, OR FOR THE PURPOSE OF AN INDUSTRIAL DEVELOPMENT, AND AUTHORIZE ACQUISITION OF REAL PROPERTY FOR SUCH PURPOSE.
The General Assembly of North Carolina enacts:
Section 1. Watauga County is exempt from all provisions, restrictions and limitatins as to methods and procedures required to effectuate leases or sales of real estate provided for in Article 12, Chapter 160A, of the General Statutes in connection with any lease or sale of real estate made by it, as an Industrial Park, or for industrial development.
Sec. 2. Watauga County is authorized to acquire, by purchase, devise, exchange, or gift, any real property or any interest in real property for the purpose of industrial development. The power of condemnation may not be used for such acquisition.
Sec. 3. (a) This act is effective with respect to purchase, sale or lease only if such purchase, sale or lease is given prior approval by a unanimous resolution of the Watauga Board of County Commissioners authorizing such purchase, lease or sale.
(b) Such lease or sale may be for cash or with deferred payments secured by a Purchase Money Deed of Trust. It is the intent that leases and sales may be negotiated and consummated without further formality other than the required resolution by the Watauga County Board of Commissioners on all terms as negotiated.
(c) In purchasing any real property under the authority of Section 2 of this act, the taxing power of Watauga County is not and may not be pledged directly or indirectly to secure any moneys due to the seller or any other person but the county may otherwise acquire the property subject to any security interest, with the approval of the Local Government Commission.
Sec. 4. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 10th day of July, 1981.