173.050 Powers of board of trustees.

134 words·~1 min read·/ky/chapter-173/173-050

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The board of trustees may, in its corporate name:

(a)Contract and be contracted with, sue and be sued, and have and use a

corporate seal, which it may alter at pleasure;

(b)Acquire, by itself or jointly with the city in which the library is located, by

gift, purchase or otherwise, and hold, in the same manner, real and personal

property to the use of the public library, for the purpose for which it is

dedicated;

(c)Use, manage and improve, sell and convey, rent or lease property, and erect

suitable buildings.

(2)The board of trustees may mortgage any real or personal property owned by the

library to secure any sums borrowed for making repairs or improvements, or paying

off any indebtedness it may owe. The mortgage shall not exceed $1,000,000.