12-1235.   Same; withdrawal of county or township; election; division ofproperty.After a county or township has participated in a regional library fornot less than three (3) years, such county or township may vote toestablish and maintain a separate library, and upon so voting shall bedeemed to have withdrawn from the regional library. The withdrawal of acounty or township from a regional library shall be effective on May firstfollowing the vote to establish a separate library. Upon the withdrawal ofa participating county or township, such county or township shall beentitled to its fractional share (based upon the number of participatingcounties or townships) of the property and funds on hand and to becollected from levies made, of the regional library. Such division shall bemade in cash or in property and in such proportions as the library board ofthe regional library shall determine.

      History:   L. 1951, ch. 485, § 18; July 1.