Any person may make any donation of money, lands, or property for the benefit of such library, and the title to the property donated may be made to and shall vest in the city for the public library, and such property shall thereupon be exempt from taxation. The President shall have the power to release, upon full payment, any mortgage constituting a credit to the Library Fund outstanding in the name of such Library Board and the signature of the President on any such release shall be authenticated by the Secretary of the Board. The President and Secretary in like manner, upon resolution duly passed and adopted by the Board, may renew any such mortgage.
(Ord. 2097, passed - -2021)