New Jersey Statutes 40:33-13.9. Boards as body public and corporate; powers
Terms Used In New Jersey Statutes 40:33-13.9
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(a) sue and be sued;
(b) adopt a corporate seal;
(c) hold in trust and manage all property of the regional library;
(d) acquire and dispose of any real and personal property, including books and all other library materials, by purchase, sale, gift, lease, bequest, device or other similar manner for its corporate purposes;
(e) employ and fix the compensation of a library director, to whom it shall delegate the administrative responsibilities of the library, and such other professional librarians and other employees it deems necessary;
(f) adopt rules and regulations and do all things necessary for the proper establishment and operation of the library;
(g) contract with other counties, municipalities, library boards of trustees and other agencies for the furtherance of its purpose; and
(h) invest any funds in the same manner as the governing body of a municipality is authorized by law to invest moneys held by it.
L.1962, c. 134, s. 7, eff. July 27, 1962.