The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1888-12-13

SIC. 223. The selectmen of a town shall
have charge of the real and personal estate in
such town appropriated as a fund TO the use of
schools therein. unless otherwise provided for by
law, or unless the person giving any part thereof
directs the same to be managed in some other
way, and shall annually render an account to the
town of their proceedings in connection there
with; and the selectmen shall lease lands appro-
priated for such purpose, and loan moneys on
annual or semi-annual interest, with sufficient
security, and for such security may take mort
cages or deeds of any real estate in the state.
SIC. "a. The securities for the payment of
the moneys so loaned and the interest thereon,
shall be taken in the name of the town, and
the seleetmen may, in the name of the town,
prosecute and defend actions for the recovery OF
protection Of the estate intrusted TO their care
and if the title or possession of real estate mort
gagged or decided as security is recovered in such
action, the selectmen may, in the name of the
town, lease or sell and convey such real estate,
and invest the moneys received therefrom as
provided in the preceding section.
SEC. 225. A person authorized to take the
acknowledgement of deeds may take the ac-
acknowledgement of deed provided for in the two
preceding sections, or may sign such deed as
witness although he is an inhabitant and tax
payer of the town.
SEC 226. The securities belonging to the
town school fund shall be deposited in the office
of the treasurer of the town; and moneys re.
ceyed on account of the same, shall be paid into
such treasury; and separate account Of the
same shall be kept on the books Of the treas
urer.
w. TOWN SCHOOL TAXES.
SEC. 227. A town may at an annual meeting
or at meeting warned for that purpose, rais'
money for the use Of schools, by tax on the lis
of such town.
SEC. 22S. If in any year the income appro
priated for the use of schools in town, (excu
sive Of the income from the Huntington Fund
with any tax voted by town, after deductinl
one-half the income Of the United States de
post money, amounts 10 a less sum than twelv,
per cent Of the grand list Of the town, the Sc
lectmen shall draw an order ON the town treas
urer on or before the first day Of July for sucl
amount rs such sum is less than such twelve pei
cent. for the use Of schools in such town.
SEC. 229. If the selectmen do not draw az
order as provided in the preceding section, anC
appropriate the amount OF such order for tn,
support Of schools as provided by law, the tow
shall forfeit 10 the county a sum equal 10 dOubl,
the amount for which the selectmen are required
10 draw an order, 10 be recovered by information
or indictment in the county court
SEC. go. One fourth Of such penalty shall
be for the use Of the county, and three fourth
shall be paid 10 the selectmen for the use Of
schools in such town and the treasurer Of the
county, Immediately after the receipt Of sucl
money. shall give notice thereof 10 the select
men Of the town. who shall forthwith receive
apportion and appropriate the same 10 the sup.
port Of schools in such town, in the manner
herein provided.
SIC. 23i. Grand iurios shall annually inquire
whether towns in their counties have appropri.
ated and expended the required sum for the sup