A BILL TO BE ENTITLED
AN ACT to promote the preservation and rehabilitation of the historic borden mill complex in goldsboro by directing the north CAROLINA RAILROAD to transfer mill building ENCROACHMENTS for use in the historic mill rehabilitation project, and by PROHIBITING the railroad from removing or DEMOLISHING any historic mill BUILDING in goldsboro that encroaches on its right-of-way.
The General Assembly of North Carolina enacts:
SECTION 1.  The Board of Directors of the North Carolina Railroad Company shall transfer by permanent easement or sale property within its corridor that is occupied by structures of the historic Borden Manufacturing Company complex in Goldsboro for fair market value for use in the restoration and rehabilitation of the site.  Any transfer of property to the Borden site project developer shall be contingent on completion of the project within five years from the effective date of this act.
SECTION 2.  The North Carolina Railroad Company shall not remove or demolish any structure in Goldsboro that is listed on the National Register of Historic Places, is located within its right-of-way, and is part of an historic mill complex.
SECTION 3.  This act is effective when it becomes law.