1917 private laws – Ch.99 Sec.6

That the bonds heretofore issued iby the board of trustees of the Hope Mills Graded School District under authority of chapter one hundred and sixty-eight, Private Laws of one thousand nine hundred and three, be and they are hereby declared a valid indebtedness against the school district herein created, and the county board of education of Cumberland County, and their successors, are hereby appointed and constituted commissioners of the sinking fund to provide for the payment of the said bonds at miaturity, and are required to set apart each year, out of the moneys belonging to said school district, such amount as the trustees of the Hope Mills Graded School District have heretofore set apart annually for such sinking fund, and to invest the same for that purpose in first-mortgage real estate securities.