3702 - Control and supervision of trusts for public schools.

§ 3702. Control  and  supervision  of  trusts for public schools.  The  legislature may control and regulate the execution of all  such  trusts;  and  the  commissioner  of  education  shall  supervise  and  advise the  trustees, and hold them to a regular accounting for the  trust  property  and  its income and interest at such times, in such forms, and with such  authentications, as he shall, from time to time, prescribe.