Section 194:42 Application of Funds.
The school board shall first give to such district or districts such term or character of schooling as would be just and reasonable if no such fund were in existence, and only use the income to lengthen the school or schools, or to carry out the purposes of the trust under which the funds are held.
Source. 1887, 87:2. PS 89:25. 1921, 85, IV:47. PL 119:41. RL 138:41.