"Receive by assignment, conveyance, gift, devise,
or bequest, real or personal property, or an interest therein, for use
in maintaining scholarships or for other educational purposes. The
board may act as trustee or custodian of the property which shall be
used by the board solely for the educational purposes for which it was
assigned, conveyed, given, devised, or bequeathed, whether by way of
trust or otherwise. The treasurer of the board may give bond to insure
proper administration of the property."
The Board shall officially acknowledge and accept
all gifts presented to the district that have a declared value of more
than $100.00 and the minutes of the meeting shall reflect the
acceptance of such gifts. The Board gives the Superintendent the
authority to accept and acknowledge any gifts with a monetary value of
less than $100.00.
