Mitchell v. North Carolina Industrial Development Financing Authority

This case, brought to test the constitutionality of the North Carolina Industrial Development Financing Act, does not call into question the actual operation of Authority nor does it involve the validity or tax status of any bond issue, for no bonds have been issued. As the Wisconsin court said in State v. Barczak, 34 Wis. 2d 57, 148 N.W. 2d 683, 687, “The case before us involves only a threshold expenditure. It does not go to the pith of the functions or the operations of an industrial development corporation.” The question for decision is whether an initial appropriation of $37,062.00 of…