Legislation
SECTION 403
Application of proceeds of sale
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 9
§ 403. Application of proceeds of sale. All moneys arising from any
sale made in pursuance of the last preceding section, shall be applied
to the expenses incurred in procuring a new site, and in removing or
erecting thereon a schoolhouse, and improving and furnishing such site
and building and their appurtenances, so far as such application shall
be necessary; and the surplus, if any, shall be devoted to the purchase
of school apparatus and the support of the school, as the voters of the
district at any meeting shall direct.
sale made in pursuance of the last preceding section, shall be applied
to the expenses incurred in procuring a new site, and in removing or
erecting thereon a schoolhouse, and improving and furnishing such site
and building and their appurtenances, so far as such application shall
be necessary; and the surplus, if any, shall be devoted to the purchase
of school apparatus and the support of the school, as the voters of the
district at any meeting shall direct.