1893_private laws_335_8
CHAPTER 334 An act to charter Trap Hill Institute. The General Assembly of North Carolina do enact:
Provided, nevertheless, that in the event the property of said corporation shall be abandoned or cease to be used for school purposes for the term of five years, then in that event the same shall revert to the original stockholders, and they shall have the right to dispose of the same either at a public or private sale or by petition for partition, and the proceeds of said sale shall be divided among the said stockholders according to their respective stocks or interest.