Sec. 3. Tax proceeds to be paid to Town of Manteo.
   That the board of commissioners of Dare County are authorized, empowered and directed to cause to be paid over to the governing authorities of the Town of Manteo all of the proceeds of taxes levied and collected under the authority of this act, and said taxes so levied and collected shall be used exclusively for said purpose.
(Pub.-Loc. Laws 1937, ch. 246, § 3.)