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CHAPTER 68 AN ACT TO ESTABLISH GRADED SCHOOLS IN THE VILLAGE AND TOWNSHIP OF SWAN QUARTER, NORTH CARO- LINA, IN THE COUNTY OF HYDE. The General Assembly of North Carolina do enact:
That all public school funds derived from the State and Hyde County for the use and benefit of the public schools in said graded school district shall be kept by the Treasurer of Hyde County separate and apart from all other funds in his hands for the use and benefit of the graded public schools in said district, and by said Treasurer disbursed in the manner provided in section 7 of this act. That the property, both real and personal, of the public schools embraced within the bounds of said graded school district, whether heretofore belonging to the white or colored public schools, shall become the property of said public graded schools, and shall be vested in said board of trustees in trust for said schools, and said board may sell the same, or any part thereof, if deemed necessary or advisable, and apply the proceeds of such sale for the benefit of said public graded schools.