SR_DPI_DNE_Special_Subject_File_B5F1_Durham_NC_College_Negroes_156

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Regular faculty members in the Normal and High School departments
are employed on the calendar month basis for twelve months. Vacation periods
are arranged between the teacher and the management.
4. Appropriation. As previously stated, there is available from state funds
$40,000.00 annually for the next two years. Of this amount, $24,000.00 annually
will be needed to pay the purchase price. This leaves a maintenance fund of
$16,000.00 a year. In addition to state funds it seems possible that a total
of $4000.00 or $5000.00 a year may be collected from students in legitimate
fees, making a total possible annual maintenance fund of $20,000.00 or $21,000.00
perhaps more. Under existing laws we cannot exceed our income - except at the
risk of dismissal by the Governor. ( Section 168, Page 466 Public School Law
1923)

5. The Treasurer's Accounts.
All funds of every kind are paid to the Treasurer. There are three accounts as follows:
a. Maintenance. This includes the state appropriation for this
purpose. All special fees, tuitions of all kinds, matriculation, room rent,
fuel, lights, etc.
b. Buildings and Improvements. State appropriations for these purposes.
c. Boarding Department. Fees collected for actual table board.
All accounts of all kinds should be paid by voucher or check
signed by the chairman of the Board of Trustees, the Secretary, treasurer,
and principal of the school. In most instances the principal will initiate
and present bills for payment.