The Board of Directors of the library may fix, establish and collect such reasonable fees, service and rental charges as may be appropriate; may assess fines, penalties, damages or replacement costs for the loss of, injury to or failure to return any library property or material; and may sell surplus, duplicated, obsolete or other unwanted materials or equipment belonging to the library. All moneys received from these or other sources in the course of the administration and operation of the library shall be deposited in the library fund and shall be disbursed by the Board of Directors in the manner prescribed in § 141.03.
('71 Code, § 141.07)