1901 private laws – Ch.90 Sec.8
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CHAPTER 90 AN ACT TO AUTHORIZE THE TOWN OF SNOW HILL TO SUBSCRIBE TO THE STOCK OF THE GREAT EASTERN RAILROAD COMPANY AND FOR OTHER PURPOSES. The General Assembly of North Carolina do enact:
That for the purpose of carrying out the provisions of this act and for paving the interest and investing the sinking fund, the Commissioners of said town are hereby authorized to appoint one or more trustees, who shall have the supervision and control of selling said bonds and paying said subscription and investing the sinking fund and paying the interest on said bonds. and paying off said bonds at maturity, which trustee or trustees shall give bonds in such sums as to the Commissioners of said town of Snow Hill shall seem proper for the faithful performance of their duties.