Adds a section removing described property in the Cedar Grove Township from the City of Asheboro's corporate limits. Specifies that the act has no effect upon the validity of any liens of the City of Asheboro for ad valorem taxes or special assessments outstanding before the effective date of the act and that those liens may be collected or foreclosed upon after the effective date of the act as though the property were still within the corporate limits of the City of Asheboro. 

Changes the act's short and long titles.