Section 9.16

Subd 1. There is hereby created and established in the City of Tracy, a public library which shall be known as the Tracy Public Library and for the purpose of maintenance, the Council shall hereafter levy an annual tax as permitted by law. When available, the Council shall set apart real estate and other property for the benefit of the Public Library to furnish suitable quarters and equipment therefore.

Subd 2. The sole and exclusive management and control of the public library, reading rooms established in connection therewith books, periodicals, and all equipment, shall be vested in a Board of seven members known as Tracy Public Library Board. The members of the Board shall be appointed by the Mayor with the approval of the Council, and shall hold office for a term of three years following their appointment, which shall be in the month of March.
Vacancies on the Board shall be reported to the Council and filed by like appointments by the Mayor with the approval of the Council for the unexpired term.
Members of the Board shall receive no compensation.

Subd 3. The Board shall annually at the beginning of the fiscal year of the City of Tracy elect from its membership a President, Vice-President, and Secretary, and from time to time appoint such other officers and employees as it deems necessary.
The Board shall adopt such By-Laws, Rules and Regulations for the government of the Library and reading rooms, and the conduct of its business as may be expedient.
The Board shall have control of all donated funds. But all money received by or for such Library shall be paid into the City Treasury, be credited to the Library Fund, be kept separate from other City funds, and be paid out only upon itemized verified accounts approved by the Board and the City Council.

Subd 4. The Board shall have the authority to adopt penalties for injuring, defacing or mutilating any property, book or periodical of said public library. The board shall also have the authority to set fines for the failure to return any property, book or periodical belonging to said public library after the time for which said property, book or periodical may be kept.
The Board shall, at the close of each fiscal year, make a written report to the City Council showing in detail its disbursements and such other information as will tend to inform the Council of the benefits received by the citizens of Tracy, and the important additions contemplated.

Subd 5. On or before the 15th day of July of each year, the Board shall submit in writing, to the Council for its use in the preparation of the annual budget, an estimate of its requirements for the ensuing year for the maintenance and extensions of the library. Such estimates shall be included in the budget appropriations of the City Council
No indebtedness shall be incurred by the Board in anticipation of the budget appropriation and in no year shall the expenditures of the Board exceed the sum appropriated, revenues, and donations received.