The place where the Kimesville dam is located has the coolest name ever - the South Prong of Stinking Quarter Creek. It's about 25 miles south of Greensboro.
It was built in the late 1790's to provide water for Stafford Mill. The Centennial History of Alamance County says "Fire in 1947 destroyed the 150-year-old Stafford Mill at Kimesville, but it was reconstructed with the lumber from the first Alamance Cotton Mill which was more recently dismantled on Alamance Creek. A steel overshot wheel is used by the Stafford Mill to generate about twelve horsepower for the grinding of grain for local farmers."
I found a Wiki page (no, not Wikipedia, but a standalone page that someone set up about four years ago. If you aren't familiar with the term, Wiki stands for What I Know Is) of all the mills and dams that once stood along the lower Haw River and its tributaries which includes Stinking Quarter Creek. There were more than fifty mills in less than 75 miles which provided milling for grain, power for cotton and wool looms and even a couple which turned sugar cane into sugar for cooking. All the mills have since disappeared (although I did take some not-so-good snapshots of the remains of one near Cane Creek), but some of the dams still remain. Most of these are just ruins or a few stones.
Stafford Mill no longer stands, but the area is used by the locals as a park.