Section 1 of SL 1939-246, as previously amended, describes property conveyed to the Town of Wrightsville Beach that can be built up and constructed but must be kept open for the purposes of streets and highways for public use and for development and use as a public square and park, including the construction of public restrooms, gazebos, and typical park facilities in the public squares or parks developed, as well as the construction of public beach access facilities. Removes this language and instead limits use of the described property to public purposes, except as otherwise provided in the Section or by governing authorities. Adds language authorizing the governing authorities of the Town of Wrightsville Beach to license and regulate private business operations on the described property.