A BILL TO BE ENTITLED
AN ACT to amend the carrboro TOWN charter to authorize the board of aldermen to abolish the town's cemetery perpetual care fund and to appropriate all funds contained therein for the purpose of maintaining the town's cemeteries.
The General Assembly of North Carolina enacts:
SECTION 1.  Article 4 of the Carrboro Town Charter, being Chapter 476 of the 1987 Session Laws, is amended by adding thereto a new section to read as follows:
"Section 4‑3. Cemetery Perpetual Care Trust Funds. Notwithstanding the provisions of G.S. 160A‑347, the board of aldermen may by resolution abolish any cemetery perpetual care trust fund that it has established under the authority of that section. Any funds (including principal and interest) previously held in a perpetual care trust fund so abolished may thereafter be appropriated by the board of aldermen only for the maintenance of the town's cemeteries."
SECTION 2.  This act is effective when it becomes law.