Later courts went against this
Disapproved by Sidney Spitzer & Co. v. Commissioners of Franklin County, 188 N.C. 30 (1924)
This would seem to be the plain meaning of the statute, and the contrary holding in Cooper v. Comrs., 183 N. C., 231, is disapproved.
The opinion
Hoke, J.,
dissenting: I dissent from so much of tbe opinion as denies tbe power to levy a tax for a sinking fund, tbe amount being within tbe 75 cents authorized by statute and approved by tbe voters. I am of opinion tbat there is ample power conferred to levy this tax in question, and tbat tbe same is being providently exercised by tbe commissioners..
In tbe cases cited, so far as examined, no power to levy a special tax existed.