§ 257 — Acceptance of conditional gift

New York § 257

• Jurisdiction: New York
• Law EDN: Education
• Title 1: General Provisions Article 1 Short Title and Definitions (§§
• Part 2: Libraries
• Art. 5: University of the State of New York

Text

§ 257. Acceptance of conditional gift. By majority vote at any\nelection or at a meeting of the electors, duly held, any municipality or\ndistrict or by three-fourths vote of its council any city, or any\nlibrary or any designated branch thereof if so authorized by such vote\nof a municipality, district or council, or any combination of such\nvoting bodies, may accept gifts, grants, devises or bequests for library\npurposes or for kindred affiliated educational, social and civic\nagencies on condition that a specified annual appropriation shall\nthereafter be made for the maintenance of a library or branches thereof,\nor of such kindred affiliated agencies, by the municipality or district\nor combination so authorizing such acceptance, or upon such other\nconditions as may be stipulated in the terms of the gift. Such\nacceptance when approved by the regents of the university under seal and\nrecorded in its book of charters shall be a binding contract, and such\nmunicipality or district shall levy and collect yearly in the manner\nprescribed for other taxes the amount stipulated and shall maintain any\nso accepted gift, grant, devise or bequest intact and make good any\nimpairment thereof, and shall comply with all other conditions set forth\nin the stated terms of the gift.\n