§ 158-16. Board of commissioners may call tax election; rate and purposes of tax. - North Carolina Statutes

Article 3.

Tax Elections for Industrial Development Purposes.

§ 158‑16.  Board of commissioners may call taxelection; rate and purposes of tax.

The board of county commissioners in any county is authorized andempowered to call a special election to determine whether it be the will of thequalified voters of said county that they levy and cause to be collectedannually, at the same time and in the same manner as the general county taxesare levied and collected, a special tax at a rate not to exceed five cents (5¢)on each one hundred dollars ($100.00) valuation of property in said county, tobe known as an "industrial development tax," the funds therefrom, ifthe levy be authorized by the voters of said county, to be used for the purposeof attracting new and diversified industries to said county, and for theencouragement of new business and industrial ventures by local as well asforeign capital, and for the purpose of aiding and encouraging the location ofmanufacturing enterprises, making industrial surveys and locating industrialplants in said county, and for the purpose of encouraging agriculturaldevelopment in said county. (1959, c. 212, s. 1.)