Each board of public library trustees may: (1) Accept any gift, grant, devise, or bequest made or offered by any person, private agency, agency of state government, the federal government, or any of its agencies, for library purposes. Each donation shall be administered in accordance with its terms; (2) Establish a special public library gift fund. The moneys in such fund shall be derived from all or any part of any gift, bequest, or devise, including the interest thereon. Such gift fund shall be a separate and continuing fund and no moneys in such fund shall revert to the general fund of any local governmental unit; (3) Enter into an interstate library agreement pursuant to § 14-7-12 , Article VI; (4) Establish a collection of public library materials to be loaned on a pay basis and make reasonable charge for use thereof; (5) Enter into any contracts for the provision of or for the improvement of public library services.
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