North Carolina Statutes

§ 160B-18 — Referendum approval of certain debt assumption required for consolidation; effective date of consolidation

North Carolina·Ch. 160B Consolidated City-County Act·Art. 5 Assumption of Obligations and Debt Secured By a Pledge of Faith and Credit
(a)Referendum Approval of Certain Debt Assumption Required for Consolidation. - For the consolidation of a city with a county to be effective in accordance with the provisions hereof, the assumption by the consolidated city-county of all debt secured by a pledge of faith and credit of said city outstanding at the effective date of consolidation must have been approved by referendum (which referendum approval may occur at different times for different portions of said debt).
(b)Effective Date of Consolidation. - Subject to the requirement of referendum approval of certain debt assumption for consolidation as provided by subsection (a) of this section, the consolidation of a city with a county shall be effective upon the later of:
(1)Sixty days following publication of notice of the enact

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