1927_public laws_163_4
CHAPTER 162 AN ACT RELATING TO THE ORGANIZATION AND CON. TROL OF THE COLORED ORPHANAGE OF NORTH CAROLINA. Whereas, by chapter forty-seven, Private Laws of one thou- sand eight hundred and eighty-seven, the colored Orphar Asylum of North Carolina was created a body corporate under and by which an orphanage for the care and maintenance, anc the mental, moral and industrial education and training of colored orphan children was established at Oxford, in Granville County; and, Whereas, the General Assembly has heretofore made ap- propriations to said institution and such appropriations have increased from year to year; and, Whereas, it is desired that the charter of said corporation be amended so that it may more readily conform to the desires of the General Assembly with respect to the expenditure of the funds appropriated by it to said institution; Now, therefore, The General Assembly of North Carolina do enact:
That the five members of said Board of Directors so appointed by the Governor shall also serve as a Board of Trustees of said The Colored Orphanage of North Carolina. The said Board of Trustees so appointed shall serve for a term of four years and until their successors are chosen. All appropriations made by the General Assembly to the said The Colored Orphanage of North Carolina shall be under the control of the Board of Trustees, and said appropriations shall be expended under their supervision and direction. The Board of Trustees shall select one of their members as a treasurer of the fund appropriated to the institution by the General Assembly and also not more than two persons to act as a board to. audit the expenditure of such appropriation. The treasurer shall receive a salary of one hundred dollars per year for his services and members of the Board of Audit a salary not to exceed one hundred and fifty dollars per year. The Treasurer shall give a bond payable to the State of North Carolina in a surety company in such sum as the Board of Trustees may require, the annual premium to be paid out of the funds of the said orphanage.