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CHAP THR lk An et to establish a graded school in the town of Brevard in Tran- sylvania county. The General Assembly of North Carolina do enact:
That said board of education of the town of Brevard may sue and be sucd, have a common seal, purchase and hold real estate for the purpose of said corporation as herein expressed, not exceeding fifty thousand dollars in value, and may adopt rules for its government, not inconsistent with the constitution and laws of the State; and the said board shall receive and apply to the purpose of said graded school all public moneys from whatsoever source arising, which are or may hereafter be applicable to the common school education of white children within the school age, and residents within the town of Brevard.