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CHAPTER 502 AN ACT TO ESTABLISH GRADED SCHOOLS IN THE TOWN OF ELIZABETH CITY. The General Assembly of North Carolina do enact:
That all public school funds derived from the State and Pasquotank County for the use and benefit of the public schools in said town shall be paid to the Town Treasurer by the Treasurer of Pasquotank County for the use and benefit of the graded public schools in said town, and the property, both real and personal, of said public school district, whether heretofore belonging to the white or colored public schools, shall become the property of said graded schools, and shall be vested in the said board of trustees in trust for said schools, and the said board may sell the same or any part thereof, if deemed necessary or advisable, and apply the same for the use of said graded schools.