1955 session laws – Ch.955 Sec.1

L. H. Swindell, J. W. Oden and Harry S. Gurganus are named and designated as trustees of the Washington Academy, a body politic and corporate created and established by Chapter LXXV of the Laws of North Carolina of 1808, all of the successor trustees named in accordance with said Act being now dead; and the said L. H. Swindell, J. W. Oden and Harry S. Gurganus are hereby continued as a body politic and corporate, to be known and designated by the name of Trustees of the Washington Academy, and by that name shall have perpetual succession. The said Board of Trustees of Washington Academy are hereby authorized and empowered to convey to the Board of School Trustees of the Washington City Administrative Unit any real estate now owned by the said Board of Trustees of Washington Academy, and they are likewise authorized and empowered to quitclaim and release to the Board of School Trustees of the Washington City Administrative Unit any reversionary interest which they now have or may have at any time in the future in and to the tracts of land conveyed by the Trustees of Washington Academy to the Board of School Trustees of the Town of Washington by deed dated the 4th day of August, 1904, which is recorded in the Registers office of Beaufort County in Book 127 at page 581, and they are likewise fully authorized and empowered to withdraw and cancel any and all conditions contained in said deed as to the use of said property for school purposes for the white race or for the purpose of education of the white race, so that the said Board of School Trustees of the Washington City Administrative Unit may sell and convey an indefeasible and unconditional title in fee simple to the said property in the event the same is abandoned for use as school property. Provided, however, that in the event of such sale, the proceeds from the sale thereof shall be used for the purpose of purchasing another school site or for such other educational purpose as may be determined by the said Board of School Trustees of the Washington City Administrative Unit, and the said proceeds shall be used for no other purpose.