The municipality owns and manages the municipal community building through the governing body. The governing body, for the purpose of defraying the cost of the management, maintenance and improvements on the municipal community building, may each year levy a tax not exceeding the maximum limit prescribed by state law on the actual valuation of all real estate and personal property within the municipality that is subject to taxation. The revenue from said tax shall be known as the Community Building Fund and shall include all gifts, grants, deed of conveyance, bequests or other valuable income-producing personal property and real estate from any source for the purpose of endowing the municipal community building. The Community Building Fund shall at all times be in the custody of the Municipal Treasurer. The governing body shall have the power to hire and supervise such employees as they may deem necessary and shall pass such rules and regulations for the operation of the community building as may be proper for its efficient management.
(Prior Code, § 3-601)