158-20. Authorized tax rate.
If a majority of those voting in such election favor the levying of such a tax, the board of commissioners of said county are authorized to levy a special tax at a rate not to exceed five cents (5 ) on each one hundred dollars ($100.00) of assessed value of real and personal property taxable in said county, and the General Assembly does hereby give its special approval for the levy of such special tax. (1959, c. 212, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 158 - Local Development
Article 3 - Tax Elections for Industrial Development Purposes.
§ 158-16 - Board of commissioners may call tax election; rate and purposes of tax.
§ 158-17 - Registration of voters; election under supervision of county board of elections.
§ 158-18 - Form of ballot; when ballots supplied; designation of ballot box.
§ 158-19 - Counting of ballots; canvassing, certifying and announcing results of elections.