1903 public laws – Ch.382 Sec.20
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CHAPTER 382 AN ACT TO ESTABLISH GRADED SCHOOLS IN CROSS CREEK TOWNSHIP, CUMBERLAND COUNTY, AND TO ISSUE BONDS AND TO LEVY A SPECIAL TAX FOR THE ESTABLISHING AND SUPPORT OF SAME. The General Assembly of North Carolina do enact:
That said Board of Trustees, at their first regular meeting in nineteen hundred and three, and annually thereafter on the first Tuesday in June of each year, shall elect a Treasurer and custodian of all public school funds, from whatever source derived. The said Treasurer shall keep a strict account of all moneys received and disbursed, and shall report monthly to said Board, his receipts and disbursements, with vouchers for the same. The Treasurer shall make no disbursements except upon the order of the Board, signed by its Chairman and countersigned by its Secretary. The said Treasurer shall furnish annually at the end of each school year to the Board of Commissioners of Cumberland County a statement in writing of his receipts and disbursements of the school funds, properly endorsed and approved by the Chairman and Secretary of the said Board of Trustees. Said Treasurer shall receive for his services such compensation as the said Board of Trustees may allow, and shall give bond to the Board of Trustees in such sum as said Trustees may require, in an amount sufficient to secure all school funds which may at any time come into his hands.