Vermont § 102 - General authority; procedure

§ 102. General authority; procedure

• (a) Trustees to whom real or personal property is devised, bequeathed, granted, conveyed,
  or donated for the foundation and establishment of a public library, may, unless otherwise
  provided by the devisor, grantor, or donor of the property, in order to promote the
  establishment, maintenance, and management of the library, form a corporation under
  the provisions of this section and section 103 of this title. (b) The trustees may make, sign and acknowledge, and file in the office of the Secretary
  of State a statement in writing setting forth the intent of the trustees to form a
  corporation, a copy of the will or instrument by which the endowment of the library
  is provided, the name adopted for the corporation, which shall not be the name of
  a corporation already existing, and the name of the municipality in which the library
  and the principal place of business of the corporation will be located, the managers
  who may be designated trustees, managers, or directors of the corporation, and the
  names of the trustees, managers, or directors who are to constitute the original board
  and who shall hold office until their successors are elected and qualified as provided
  in section 106 of this title. (c) The Secretary of State shall, upon receipt of the statement, issue to the incorporators,
  under seal, a certificate of which the statement shall be a part, declaring that the
  organization of the corporation is perfected. The incorporators shall record the
  certificate in the office of the county clerk of the county in which the library is
  to be located. Upon recording of the certificate, the corporation shall be deemed
  fully organized and may proceed to carry out its corporate purposes and receive by
  conveyance from the trustees the property provided for the endowment of the library.
  The corporation may hold the property in whatever form it was received or conveyed
  by the trustees, until that form is changed by action of the corporation. (Amended 1989, No. 28, § 5; 2023, No. 85 (Adj. Sess.), § 243, eff. July 1, 2024.)