Real or personal property may be granted, bequeathed, devised, or conveyed to the town for the purpose of the improvement or ornamentation of parks or approaches, or for the establishment or maintenance therein of museums, zoological or other gardens, collections of natural history, observatories, monuments, statues, fountains, or other works of art, upon such trusts and conditions as may be prescribed by the grantors or divisors thereof, and accepted by the town board of trustees. All property so devised, granted, bequeathed, or conveyed, and the rents, issues, profits, and income thereof, shall be subject to the exclusive management, direction, and control of the town. (2003 Code § 1-6-8)