The site, ground and building, and the deed and title therefor
as executed by the said Howard E. Young and Martha E. Young, his wife,
bearing date the 30th day of September 1911, and now tendered to the
Mayor and Borough Council of the Borough of Hanover, Pennsylvania,
be and the same are hereby accepted upon the terms and conditions
and for the uses and purposes specified; and in further evidence of
such acceptance, is hereby ordered and directed to be immediately
recorded.
A public library be, and the same is, hereby established in
the said building and upon the grounds and property so granted and
donated by the said Howard E. Young and Martha E. Young, to be established,
maintained, supported and improved out of any money or bequests now
held or which may hereafter be acquired or received by the Borough
of Hanover, or its successor, for library purposes; which moneys or
bequests shall be applied and used by the Borough for the benefit
of said public library in the same manner and under the same management
and control as herein provided and stipulated with regard to the Dr.
J. P. Smith Fund.
The whole of the fund received by the Borough from the estate
of Dr. J. P. Smith be invested by the Borough and the income therefrom
applied to the maintenance and management of the said library.
In the investment of the said Dr. J. P. Smith Fund and other
funds or property acquired or received by the Borough of Hanover for
library purposes, only such investment shall be made as shall be recommended
by a Financial Commission, which is hereby created, consisting of
three members, to wit: the President of the Hanover Savings Fund Society,
or in case of his refusal or neglect to act, the Cashier or other
proper officer acting in that capacity for said institution; the President
of the First National Bank of Hanover, or in case of his refusal or
neglect to act, the Cashier or other proper officer acting in that
capacity for said institution; and the President of the People's
Bank of Hanover, or in case of his refusal or neglect to act, the
Cashier or other proper officer acting in that capacity for said institution;
and in the event of the refusal or neglect of any of the aforesaid
officers to act, then the vacancy or vacancies shall be filled, first,
by the President of the Farmers' State Bank of Hanover, or in
case of his refusal or neglect to act, the Cashier or other proper
officer acting in that capacity for said institution; second, by a
person or persons appointed by the Mayor of the Borough of Hanover,
or his successor, and approved by the Borough Council of said Borough,
or their successors, provided that such appointment so made by the
Mayor to a vacancy in said Financial Commission shall only be for
an unexpired term, and until a member from the class from which such
Financial Commission is to be selected shall indicate by writing addressed
to said Mayor his willingness to accept a position on said Commission
and serve on the same.
The Mayor be directed to call upon the President of the Hanover
Saving Fund Society, the President of the First National Bank of Hanover
and the President of the People's Bank of Hanover for the purpose
of requesting them to comprise said Commission; to recommend investments
of the said fund, and that the Borough authorities adopt the recommendations
of the said Commission.
In the use and maintenance of said public library, the Borough
authorities shall adopt the recommendations (provided such recommendations
are such as can be legally adopted) of a Library Governing Board,
to be composed of nine members, three of whom shall be the Financial
Commission, to be selected as provided in the above paragraph; three
of whom shall be appointed by the Mayor of the Borough of Hanover,
or his successor, and approved by the Borough Councils of said Borough,
or their successors; and three of whom shall be appointed by the Hanover
Public Library Association, a corporation created by decree of the
Court of Common Pleas of York County, Pennsylvania, who shall be subject
to the approval of said Borough Councils. The members to be appointed
by the Mayor and the Hanover Library Association shall serve, one
for one year, one for two years and one for three years, respectively,
and until their successors shall be appointed, and their successors
thereafter shall serve for the term of three years.
The term of office for the above-mentioned Financial Commission
and Library Governing Board begins February 1, 1910.