Section 143. Management and appropriation of property  


Latest version.
  • Trustees created
      under the  provisions  of  this  article  shall  have  the  custody  and
      management   of   all  the  property  of  such  corporation,  and  shall
      appropriate the same, so far as the terms, provisions and conditions  of
      the  donations  will  permit,  for the purpose of aiding and instructing
      children, or for providing suitable grounds for such a  public  park  or
      parks  and  properly preparing, beautifying, embellishing and keeping up
      and maintaining the same, or for furnishing and supplying  such  library
      with  a  suitable  and  proper  edifice,  rooms, furniture, books, maps,
      magazines and whatever may be necessary to make, keep up and maintain  a
      good  and  complete  library,  or  for one or more of such purposes, and
      paying the  expenses  of  the  trust.  Demising  lands  donated  to  the
      corporation  and  investing  and keeping money invested at interest, and
      using the rents  and  interest  therefrom  for  aiding  and  instructing
      children or for park purposes or library purposes, shall be deemed to be
      an appropriation of such property for said purposes.