Supreme Court of North Carolina March 4, 1925 (Adams v. City of Durham)

Hoke, C. J.

From tbe facts properly presented at tbe bearing and deemed pertinent to tbe inquiry, it appears that tbe city of Durham has now on band a fund amounting to $250,000.00, tbe proceeds of tbe sale of a city lot on which was erected a building used for city governmental offices, an academy of music, etc. Tbe said fund consists of cash to tbe amount of $150,000.