The text
Sec. 42-46. - Established.#
A library fund shall be established as a depository for all fees, gifts and receipts obtained for the use, service or facilities of the library. This fund shall be operated as a fund of the library board of trustees, and expenses shall be paid or debited from the fund for the operations, maintenance and replacement costs in relation to the library.
(Code 1986, § 20-256)
Sec. 42-47. - Separate account.#
The town treasurer will maintain in a separate account all gifts and receipts and disbursements as a result of operation of the library. Disbursements shall be for the sole purpose of costs for administration, operation, maintenance, materials and supplies, interest, depreciation and any other annual costs for the library.
(Code 1986, § 20-258)