Indiana § 36-12-7-5 1881 city or county incorporation libraries; corporate existence and
powers; tax exemption; art gallery; reading rooms; public park

Indiana Statutes

§ 36-12-7-5 — 1881 city or county incorporation libraries; corporate existence and powers; tax exemption; art gallery; reading rooms; public park

Indiana·Title 36 LOCAL GOVERNMENT·Art. 12 LIBRARIES·Ch. 7 Class 2 Public Libraries

(a)A public library established as an 1881 city or county incorporation library that has filed the appropriate incorporation instrument in the proper recorder's office is a corporation and possesses all the rights, powers, and privileges given to corporations by common law to:

(1)sue and be sued;

(2)borrow money and secure the payment of the money by notes, mortgages, bonds, or deeds of trust upon the personal or real property of the public library;

(3)purchase, rent, lease, hold, sell, and convey real estate for the benefit of the corporation, and to erect and maintain suitable buildings to accomplish library purposes; and

(4)receive and accept donations, either of money or real estate, either by gift or devise, and to hold, use, mortgage, sell, and convey these donations for the ben

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(a) A public library established as an 1881 city
or county incorporation library that has filed the appropriate
incorporation instrument in the proper recorder's office is a corporation
and possesses all the rights, powers, and privileges given to
corporations by common law to:
(1) sue and be sued;
(2) borrow money and secure the payment of the money by notes,
mortgages, bonds, or deeds of trust upon the personal or real
property of the public library;
(3) purchase, rent, lease, hold, sell, and convey real estate for the
benefit of the corporation, and to erect and maintain suitable
buildings to accomplish library purposes; and
(4) receive and accept donations, either of money or real estate,
either by gift or devise, and to hold, use, mortgage, sell, and
convey these donations for the benefit of the corporation, in the
manner provided in the deed of gift or devise.
(b) The real and personal property of the corporation that is
established as an 1881 city or county incorporation public library:
(1) is exempt from taxation for state, county, and municipal
purposes; and
(2) remains exempt so long as the public library is used
exclusively for the general benefit of the inhabitants of the city or
county in which the library is located.
(c) The corporation may establish and maintain a gallery of art and
public reading rooms in connection with the corporation's library. The
corporation may also maintain a public park either in connection with
the corporation's library building or separate from the library building.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-14-7-3.]

Indiana § 36-12-7-5 (1881 city or county incorporation libraries; corporate existence and powers; tax exemption; art gallery; reading rooms; public park) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.