1913_private laws_148_8
CHAPTER 147 AN ACT TO ESTABLISH GLENWOOD GRADED SCHOOL DISTRICT. The General Assembly of North Carolina do enact:
That said school committee shall elect one of their number as treasurer, and whose receipt for all moneys coming into his hands shall constitute a sufficient voucher in the hands of any person paying the same, and the said treasurer shall report to the said committee monthly his receipts and disbursements, with all vouchers, for the same; before receiving any moneys he shall execute and deliver to said committee a good and sufficient bond in the sum of one thousand dollars, conditioned for the faithful performance of his duties as treasurer of said committee. The moneys received, as aforesaid, and all other money coming into his hands shall be held by the said treasurer as school funds to be disposed of under the directions of the said school committee, whose warrants, signed by the chairman and countersigned by the secretary of said committee, shall be the only valid vouchers in the hands of the said treasurer for the disbursement of said money in any settlement required of him by law. The said treasurer shall furnish annually on the first: Monday in July to the board of aldermen of the town of Glenwood, in said county, a statement in writing of his receipts and disbursements of the school money, properly and duly audited and approved by the chairman and secretary of said school committee: Provided, the accounts, books, and vouchers of the said treasurer shall be open for the inspection of the said school committee at any time, or to any taxpayer of said school district.