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108 1927—Chapter 70—71
Limit on amount
• >{ lionds.
I.imit to unt
school.
-Vmoiint for
Imildings alrcat.
erected.
Petition to state
necessity of bonds
at time of erection
of buildings.
Repealing clause.
Sec. 2. The total face amount of bonds issued by Wayne
County under the provisions of said section two hundred and
seventy-one shall not exceed the sum of two hundred thousand
dollars ($200,000.00) and not more than fifty thousand dollars
($50,000.00) face value of said bonds shall be issued for the
purpose of building any one school building in said county.
Sec. 3. That out of the said two hundred thousand dollars
face value of said bonds there may be issued by the County
Commissioners of Wayne County bonds in the face value of not
more than fifty-five thousand dollars ($55,000.00) for the pur-pose
of paying for such building or buildings, necessary in
order to carry on a six months' school in Wayne County, as
have been erected after March tenth, one thousand nine hun-dred
and twenty-five and before the date of the ratification
of this act: and the provisions of said section two hundred
and seventy-one shall apply to the issuance of said bonds ex-cept
that the County Board of Education shall, in its petition
to the County Commissioners of Wayne Copnty, state that the
said buildings were necessary at the time of their erection to
carry on a six months' school in Wayne County.
Sec. 4. That all laws and clauses of laws in conflict with
this act be and the same are hereby repealed.
Sec. 5. That this act shall be in full force and effect from
and after its ratification.
Ratified this the 2nd day of March, A. D. 1927.
CHAPTER 71
AN ACT TO PROVIDE FOR THE LISTING AND VALU-ING
OF ALL PROPERTY, REAL, PERSONAL, AND
MIXED, AT ITS REAL VALUE IN MONEY.
The General Assembly of North CaroUva do enact:
Official title.
Construction of
words and
phrases.
Bank, banker,
broker, stock
jobber.
ARTICLE I.
Section 1. This act shall be known and cited as the ma-chinery
act of one thousand nine hundred and twenty-seven.
Sec. 2. Definitions. The words and phrases following, when-ever
used in this act, shall be construed to include in their
meaning the definitions set opposite the same in this section,
whenever it shall be necessary to the proper construction of
this act:
1. Bank, banker, broker, stock jobber—whoever has money
employed in the business of dealing in coin, notes or bills of
exchange, or in any business of dealing or in buying or selling
any kind of bills of exchange, checks, drafts, bank notes, pro-missory
notes, bonds, warrants or other writings obligatory, or
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