GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

S	2 

SENATE BILL 1375
House Committee Substitute Favorable 7/3/90

Short Title:  Winston-Salem Fund Investment.	(Local)
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Sponsors:
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Referred to:  
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May 24, 1990

A BILL TO BE ENTITLED
AN ACT AMENDING CHAPTER 296 OF THE PUBLIC-LOCAL LAWS OF 1939, AS AMENDED.
The General Assembly of North Carolina enacts:
Section 1.  The provisions at the end of Section 5 of Chapter 296 of the Public-Local Laws of 1939, as added to such section by Chapter 721 of the Session Laws of 1959, and as amended by Chapter 565 of the Session Laws of 1965, and as rewritten by Chapter 397, Session Laws of 1969, reads as rewritten:
"The City of Winston-Salem, or any governing body, agency, insurance company, person or other corporation contracting with the City of Winston-Salem for the investment, care or administration of said fund may invest and reinvest the funds constituting the said fund in one or more of the types of securities or other investments authorized by State law for the State Treasurer in G.S. 147-69.2. "
Sec. 2.  All laws and clauses of laws in conflict herewith are repealed.
Sec. 3.  All actions heretofore taken, consistent with this act, are hereby ratified.
Sec. 4.  This act is effective upon ratification.