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The Library Board of Trustees, established within the Town Charter (Chapter V, Section 5) is a Town Council appointed board. Said board shall be empowered to receive legacies and gifts on behalf of the library endowment funds and shall administer said endowment funds and grants that may be made to the libraries by the State of Connecticut. The Department of Finance shall have charge of financial record keeping for the Board of Library Trustees. Said board shall not take part in the administration and operations of libraries.