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CHAPTER 108 An act to revise and improve the public school system of North Carolina. The General Assembly of North Carolina do enact:
The county board of education, together with the county supervisor, shall, on the first Monday in January each year, apportion the school fund of the county to the various school districts in said county, per capita, which apportionment shall be divided and reapportioned by the school committee to the various schools for the whites and colored of their district in the manner hereinafter provided: Provided, that the county board of education, before apportioning the school fund to the various school districts, shall reserve as a contingent fund an amount sufficient to pay thesalary of the county supervisor and per diem and expenses of the county board of education.