(1) A public library, other than a joint library, established, operated, or maintained pursuant to this part 1 may be abolished only by vote of the registered electors in that library's legal service area, taken in the manner prescribed in section 24-90-107 (3) for a vote to establish a library. If a library is abolished, the materials and equipment belonging to it shall be disposed of as the legislative body of the governmental unit, or in the case of a library district, as the library board of trustees, directs. (2) Following notice of public hearings, the abolishment of a joint library shall be by resolution of the legislative bodies of the governmental units that established, operated, or maintained the joint library. The resolution shall specify that all indebtedness, including obligations arising from financed purchase of an asset or certificate of participation agreements, of the joint library must be fully protected until retired, that all trusts of the library will be continued as specified under current terms, and that all properties of the joint library will be divided as provided in the agreements entered into by the legislative bodies of the governmental units. (3) Disposition of school district libraries that have been abolished shall be accomplished as provided by law.
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