1907_private laws_240_19
CHAPTER 237 AN ACT TO AUTHORIZE THE TOWN OF CANTON TO ISSUE BONDS AMOUNTING TO $65,000  FOR A WATER SUPPLY. SEWERAGE, ELECTRIC LIGHTS, A GRADED SCHOOL BUILDING AND STREET IMPROVEMENTS, AND TO LEVY A SPECIAL TAX TO MEET THE INTEREST AND PAY SAID BONDS, AND FOR THE MAINTENANCE OF A GRADED SCHOOL. The General Assembly of North Carolina do enact:
That the property, both real and personal, of the public schools of said town shall become the property of the said graded schools, and shall be vested in the said board of trustees and its successors in trust for said graded schools: Provided, that in the event of the discontinuance of said graded schools all the property thereto belonging shall revert to and become the property of the said public schools of said town: Provided further, that the said property belonging to or used for the graded school for white children shall revert to the public schools of said town for white children, and the property belonging to or used for the graded school for the colored children shall revert to the public school for colored children of said town.