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CHAPTER 167 AN ACT TO ESTABLISH GRADED SCHOOLS IN THE TOWN OF SELMA. The General Assembly of North Carolina do enact:
The said board of trustees shall have full power and authority over the schools for both races in said district, and as soon as practicable they shall establish a graded free school for the white race and a graded free school for the colored race. They shall have charge of the expenditure of all the public moneys available for school purposes in said district, and the following moneys shall be placed at their disposal: First. All moneys which by law they shall be entitled to receive from the commissioners of the dispensary at Selma. Second. All moneys apportioned to the said school district from the county school fund. Third. All moneys raised by a special tax in said district for school purposes. Fourth. All moneys which may be appropriated to said purposes by the town of Selma. Fifth. All moneys donated to said school or received in any way whatsoever. That the moneys shall be so appropriated as to provide the same length of school term for the white and colored schools.