NC H447

Incorporates the Town of Fontana Dam in Graham County, North Carolina as a body corporate and politic with all powers conferred on cities by state law.

Establishes town boundaries encompassing approximately 288.5 acres at Fontana Village in Yellow Creek Township, with specific geographic coordinates and descriptions.

Creates a council-manager form of government with a Mayor and four-member Town Council, with initial temporary officers appointed until elections held November 8, 2011.

Authorizes the town to levy taxes beginning July 1, 2011 and to adopt budget ordinances, with special provisions allowing fiscal year 2011-2012 budget adoption without standard Local Government Budget and Fiscal Control Act timelines.

Empowers the Town Council to appoint a Town Attorney and Town Clerk, and grants authority to adopt ordinances necessary for town governance.