Indiana § 36-12-7-6 1852 subscription libraries; corporate existence and powers;
organization; tax levy

Indiana Statutes

§ 36-12-7-6 — 1852 subscription libraries; corporate existence and powers; organization; tax levy

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

(a)A public library established as an 1852 subscription library is a municipal corporation and possesses the power to:

(1)sue and be sued; and

(2)receive by donation books, money, paper, or other real or personal property for the library.

(b)The shareholders of the 1852 subscription library are the inhabitants of the municipality who have subscribed money for the establishment of the library. The shareholders shall annually elect seven (7) directors on the first Monday in January. However, if an annual election is omitted, the directors remain in office until the next annual election and until successors are chosen.

(c)The directors shall appoint one (1) director to be president at the meetings. The president may vote only in case of a tie vote. A majority of the directors constitutes

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(a) A public library established as an 1852
subscription library is a municipal corporation and possesses the power
to:
(1) sue and be sued; and
(2) receive by donation books, money, paper, or other real or
personal property for the library.
(b) The shareholders of the 1852 subscription library are the
inhabitants of the municipality who have subscribed money for the
establishment of the library. The shareholders shall annually elect
seven (7) directors on the first Monday in January. However, if an
annual election is omitted, the directors remain in office until the next
annual election and until successors are chosen.
(c) The directors shall appoint one (1) director to be president at the
meetings. The president may vote only in case of a tie vote. A majority
of the directors constitutes a quorum. If a vacancy occurs among the
directors, the remaining directors shall elect a new director to fill the
vacancy, and the new director shall serve until the next annual election.
(d) The 1852 subscription library is governed by bylaws adopted by
the directors of the public library.
(e) The directors may adopt a common seal.
(f) The directors may levy a tax on the shareholders not to exceed
one dollar ($1) on each share during one (1) year. In addition, at the
annual meeting, the shareholders may increase the tax to a sum not to
exceed five dollars ($5) on each share during one (1) year.
(g) The shareholders may:
(1) appoint a treasurer and a librarian; or
(2) remove the treasurer or librarian;
at the pleasure of the shareholders.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-14-7-4.]

Indiana § 36-12-7-6 (1852 subscription libraries; corporate existence and powers; organization; tax levy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.