1909_private laws_314_7
CHAPTER 313 AN ACT TO REVISE, AMEND AND CONSOLIDATE THE SCHOOL LAWS OF THE CITY OF HICKORY. The General Assembly of North Carolina do enact:
That the board of trustees of said district shall organize annually by electing a chairman and a secretary. The said board shall cause to be kept an accurate record of its proceedings. The trustees shall elect annually one of their number treasurer and custodian of all the school funds belonging to said district. The treasurer shall give bond in such sum as the board may require. The said treasurer shall receive and hold as a fund all moneys received from special taxes, gifts, grants, apportionments or other source, and shall pay out said moneys only upon the order of the board. The said treasurer shall furnish annually to the board of aldermen of the city of Hickory a statement, in writing, of the receipts and disbursements of school moneys, properly endorsed and approved by the chairman and the secretary of the board of trustees.