Election. of education or other governing body of such district, or upon its own initiative if the governing body of the city or town is also the governing body of the district, submit the question of enlarging the district as aforesaid to the qualified voters of such new territory proposed to be added to such district at any general or municipal election or at a special election called for said purpose. Such an election may be ordered and held and a new registration for said election provided under the rules governing elections for local taxes as provided under the article, except that the election and registration shall be ordered by and held under the supervision of and the result of the election determined by the governing body of such city or town. The bal. lots to be used in said election shall have printed or written thereon the words: "For the enlargement of.. ...school district, pursuant to section two hundred and thirty of chapter one hundred and thirty-six of the Public Laws of one thousand nine hundred and twenty-three, as amended," and "Against the enlargement of...... ..school district, pursuant to section two hundred and thirty of chapter one hundred and thirty-six of the Public Laws of one thousand nine hundred and twenty-three, as amended." If a majority of the qualified voters of such new territory proposed to be added to such district shall vote in favor of such enlargement, said district shall thereupon become coterminous with said city or town, and there shall be levied annually in such new territory all taxes previously voted in said district for the purpose of supplementing the funds for the six months public school terms for said district and for the purpose of paying the principal or interest of any bonds or other indebtedness previously issued or incurred by said district; and a vote in favor of such enlargement shall be deemed and held to be a vote in favor of the levying of such taxes. The validity of the said election and of the registration for said election and of the correctness of the determination of the result of said election shall not be open to question except in an action or proceeding commenced within thirty days after the determination of the result of said election. At the same time that said election is held it shall be lawful to hold an election in the entire territory of said city or town on the question of issuing bonds of said city or town or of said school district as so enlarged, for school purposes, and levying a sufficient tax for the payment of said bonds, or on the question of levying a local annual tax on all taxable property in said city or town or in said school district as so enlarged, to supplement the funds for the six months public school term for said district, in addition to taxes for the payment of bonds, in the same manner that would be lawful if said district had been so enlarged prior to the Vote in favor. Amendment. Effect of act. submission of said questions. One registration may be provided for all of said simultaneous elections. SEC. 4. Said chapter one hundred and thirty-six of the Public Laws of one thousand nine hundred and twenty-three is hereby further amended by inserting between sections three hundred and seventy-eight and three hundred and seventy-nine of said act a new section, which shall be numbered three hundred and seventy-eight-a and shall read as follows: "Sec. 378-a. This act shall not affect any local or private act heretofore or hereafter enacted authorizing the issuance of bonds or other obligations for school purposes, but the powers hereby conferred and the methods of procedure hereby provided shall be deemed to be conferred and provided in addition to and not in substitution for those conferred or provided by any such local or private act, so that any district, municipality, township, county, or other political subdivision authorized to issue bonds for school purposes, may proceed under any such local or private act applicable to it, without regard to the restrictions imposed by this act, or may proceed under this act without regard to the restrictions imposed by any other act.” SEC. 6. All acts and parts of acts inconsistent with this act are hereby repealed. SEC. 7. This act shall be in force from and after its ratification. Ratified this the 6th day of March, A.D. 1925. Conflicting laws repealed. CHAPTER 144 AN ACT TO AMEND SECTION 5314 OF THE CONSOLIDATED STATUTES IN RELATION TO DRAINAGE DISTRICTS. The General Assembly of North Carolina do enact: plying to Rowan, of the Consolidated Statutes is hereby amended by adding at the Robeson and end of said section the following words: Iredell counties. “A petition signed by resident landowners in a proposed drainage district, or owners of land which will be affected or assessed for the expense of the proposed improvements, who constitute less than a majority of all such resident landowners or who own less than three-fifths of all the lands which will be affected or assessed as aforesaid, may be filed under this section, and shall be deemed to be sufficiently signed, if the petition shall have first been submitted to and approved by the board of county commissioners and the board of health of the county in which Application of act. Conflicting laws repealed. the petition is filed: Provided, that this act shall apply only to the drainage districts in Rowan County, Robeson County, and Iredell County.” Sec. 2. That all acts and parts of acts inconsistent with this act are hereby repealed. SEC. 3. That this act shall be in force and effect from and after its ratification. Ratified this 6th day of March, A.D. 1925. CHAPTER 145 AN ACT TO PROVIDE FOR CAUSING BONDS OR NOTES Name of act. The General Assembly of North Carolina do enact: SECTION 1. That this act shall be known as “The act for registration of securities deposited by insurance companies.” Sec. 2. That the Insurance Commissioner is hereby empowBonds or notes of ered, upon the written consent of any insurance company depositinsurance com: ing with the Insurance Commissioner or the State Treasurer panies to be registered. under any law of this State, any state, county, city or town bonds or notes which are payable to bearer, to cause such bonds or notes to be registered as to the principal thereof in lawful books of registry kept by or in behalf of the issuing state, county, city or town, such registration to be in the name of the Treasurer of North Carolina in trust for the company depositing the notes or bonds and the State of North Carolina, as their respective interest may appear, and is further empowered to require of any and all such companies the filing of written consent to such registration as a condition precedent to the right of making any such deposit or Notation and right to continue any such deposit heretofore made. signature. SEC. 3. That bonds or notes so registered shall bear notation of such registration on the reverse thereof, signed by the registering officer or agent, and may be released from such regis tration and may be transferred on such books of registry by the Expenses. signatures of the State Treasurer. SEC. 4. That the necessary expenses of procuring such registration and any transfer thereof shall be paid by the company making the deposits. Sæc. 5. That this act shall be in force and effect from and after its ratification. Ratified this 6th day of March, A.D. 1925. CHAPTER 146 AN ACT TO AMEND CHAPTER 120 OF THE PUBLIC LAWS OF NORTH CAROLINA, EXTRA SESSION, 1924, SO AS TO Amendment. The General Assembly of North Carolina do enact: SECTION 1. That chapter one hundred and twenty of the Public Laws of North Carolina, extra session, one thousand nine hundred and twenty-four, be and the same is hereby amended by striking out the word “Randolph" in the proviso of section one of said act. Sec. 2. That this act shall be in force from and after its ratification. Ratified this 6th day of March, A.D. 1925. CHAPTER 147 AN ACT TO AMEND SECTION 6054 OF VOLUME III AND INDEX OF THE CONSOLIDATED STATUTES OF NORTH Amendment. The General Assembly of North Carolina do enact: SECTION 1. That section six thousand fifty-four of volume three of the Consolidated Statutes and Index be and the same is hereby amended by striking out, in line seven of said section, the word “Pender." SEC. 2. That all laws and clauses of laws in conflict with the provisions of this act are hereby repealed. SEC. 3. That this act shall be in force from and after its ratification. Ratified this the 6th day of March, A.D. 1925. Conflicting laws repealed. CHAPTER 148 AN ACT TO AMEND CHAPTER 613, PUBLIC LAWS OF 1909, RELATIVE TO COMMISSION ALLOWED THE SHERIFF OF OF The General Assembly of North Carolina do enact: SECTION 1. That chapter six hundred and thirteen of the Public Laws of one thousand nine hundred and nine be and the same Amendment. is hereby amended by striking out section one of said chapter and inserting in lieu thereof the following: “Section one. That the sheriff of Rutherford County shall be allowed a commission of two per centum of all taxes collected by said sheriff in lieu of all other compensation for collecting said taxes: Provided, that this act shall not affect the collection of taxes up to and including the year one thousand nine hundred and twenty-four.” SEC. 2. That all laws and clauses of laws in conflict with the provisions of this act are hereby repealed. Sec. 3. That this act shall be in force from and after its rati. fication. Ratified this 6th day of March, A.D. 1925. Conflicting laws repealed. CHAPTER 149 AN ACT TO AMEND CHAPTER 120, PUBLIC LAWS, EXTRA Amendment. The General Assembly of North Carolina do enact: SECTION 1. That section one (1) of chapter one hundred twenty, Public Laws, extra session, one thousand nine hundred twentyfour, be amended by striking out the word “Johnston," in line twenty-six (26), between the word "Jackson," in line twenty-six (26), and the word “Jones,” in line twenty-six (26). Sec. 2. That all laws or clauses of laws in conflict herewith, and especially all of chapter five hundred eighty-one of PublicLocal Laws of one thousand nine hundred twenty-three in conflict herewith are hereby repealed. Sec. 3. That this act shall be in force from and after its ratification. Ratified this 6th day of March, A.D. 1925. Conflicting laws repealed. CHAPTER 150 AN ACT TO AMEND SECTION 79, CHAPTER 136, FUBLIC LAWS OF 1923, RELATING TO THE ENLARGEMENT OF The General Assembly of North Carolina do enact: SECTION 1. That section seventy-nine, chapter one hundred thirty-six, Public Laws of one thousand nine hundred twenty. three, be amended by striking out after the word “districts," on Amendment. |