§ 11-3. Acceptance of grants, gifts, etc.; disposition.

(a) 

The Board of Trustees of the New Milford Public Library is authorized and empowered to accept or reject all grants from federal or state sources, or from any foundation, commission, corporation, individual or any other source, either by gift, grant or bequest of any real or personal property, tangible or intangible, notes, mortgages, choses in action, stocks, bonds, checks, drafts or cash, which may be offered or available to such library for the purposes set out in § 11-2 or for any other purpose which may be of benefit to said library.

(b) 

The Treasurer of the Board of Trustees of the New Milford Public Library is authorized, empowered and directed to open an account in any suitable bank or trust company, and such account shall be known as the New Milford Public Library Expansion Fund. Said Treasurer shall deposit therein any such gift, donation or grant and the income from any such gift, donation or grant, together with any income on existing trust funds which may be legally used for the purposes set out in § 11-2, and from time to time to draw from such account such sum or sums as the Board of Trustees may direct for said purposes.

Ord. of 7-25-1961, §§ 3, 4