Full and absolute control of the library, including both real
property and all other property, shall be vested in a Board of Trustees
consisting of six members residing in the Town of Millville at the
time of their election or appointment to the Board. Three members
shall be permanent Trustees serving until death, resignation, or removal
from the Town of Millville. The Town deems it expedient and convenient
to provide for the appointment of permanent Trustees in addition to
elected Trustees in order to comply with certain terms of a donation
made to the Town for the purpose of the library.
A. Elected Trustees. The three elected members of the Board of Trustees
shall be elected at the annual Town election to serve for three-year,
staggered terms so that one Trustee is elected each year. A vacancy
during an unexpired term of an elected Trustee shall be filled temporarily
by an appointment made by the Board of Selectmen, with the written
recommendation of the remaining Trustees. The position will then be
included on the ballot of the next annual Town election for whatever
time remains on the original three-year term.
B. Permanent appointed Trustees. Upon the death, resignation or removal
from the Town of Millville of a permanent Trustee, the vacancy shall
be filled by appointment made by the Board of Selectmen, with the
written recommendation of the remaining Trustees.
The Trustees shall establish a trust fund for the receipt and
management of all monies given to the Trustees for library purposes
and shall invest and expend said monies in a manner to further the
public purpose of the Library. Expenditure of trust funds shall be
at the discretion of the Trustees and shall, insofar as practical,
be made in a manner to accomplish the purposes of any gift or bequest.
The trust corpus shall be separate and distinct from the general revenues
of the Town of Millville.
A. In dealing with the trust fund, the Trustees shall have all powers
and rights given to trustees under the common law as well as the powers
and rights expressed in the General Laws of the Commonwealth of Massachusetts.
B. The Trustees, in addition to these powers, shall have the further
enumerated powers:
(1) The power to expend both principal and interest.
(2) The power to invest and reinvest income.
(3) The right to apportion between principal and income payments made
for the benefit of the library.
(4) The power to engage investment counsel.
(5) The power to authorize an agent to act on behalf of the trust for
purposes of financial convenience.
C. The Trustees may designate a name for the trust fund established
herein.
The Town may, at any Annual or Special Town Meeting, appropriate
monies to defray the operating expenses of the library and may further
appropriate monies for the acquisition of land, buildings, books,
equipment and other property for library purposes.
The title to all property of the library, except said trust
funds, shall be in the name of the Town of Millville.
Any building acquired for library purposes shall be used solely
for the purpose of a public library, public reading rooms, public
lectures, literary or artistic entertainment or other activity or
purpose as deemed appropriate by the Board of Trustees.
The Trustees herein, both elected and appointed permanent Trustees,
shall be officers of the Town of Millville and shall have the rights,
immunities and privileges of a public official in the Town of Millville.