Section 2582. Trustees of corporate schools entitled to participate in funds of the board of education of the city of New York may convey to city of New York and be merged

The trustees, managers and directors of any  of  the corporate schools of the city of New York entitled to participate in
  the  apportionment  of  the funds of the board of education of such city
  may, at any time, convey their school houses and sites to  the  city  of
  New  York and transfer any of their schools to the board of education of
  such city on terms and in a manner to be agreed upon and  prescribed  by
  such board of education, so as either to merge such corporate schools in
  the  public  schools  or adopt them as public schools and the same shall
  then be public schools.