The High School/Gym was built in 1934. The Gramma School building was built in 1937. The most easily identified person in the film is Mr. Phillips the Superintendent. He is the tall skinny man. So many fat kids in this movie. :)
There is a etched plate on the Grammer building that gives the names of the school board and the date of construction. I believe that it was built in 1939 but I am not sure about that. If so then this home movie would have probably been made in the early 40s. cezk
My brother found this and sent it to me. It was filmed in Iredell, Texas! We will attempt to see if anyone can be identified!