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The Director discussed the Library Trust Fund Indexing <br />Policy provided by Gene Anderson, City Finance Director. <br />This policy would provide for the addition of an increase <br />each year to the principal of all trust funds, equal to <br />the increase in the Consumer Price Index. Mrs. Gibbs <br />moved this be done, motion seconded, discussed, and <br />passed. Copy attached. <br />Mrs. Gibbs moved the adoption of the Endowment Funds <br />Resolution (copy attached) provided by the Director which <br />would guide the spending of the interest monies from the <br />J.A. Love Memorial, John Palmer Poteet, S.W. Wilber, and <br />the Christine Goolsby DeShong Trust Funds. This would <br />include purchase of materials and equpment for Library <br />collections and programs. Motion seconded, discussed, and <br />passed. <br />Mrs. Alsobrook moved the Board approve the Library <br />purchase of a large (46 ") VCR screen, to use for Library <br />programs. Motion seconded, discussed, and passed. <br />The Director advised the updated video policy would allow <br />patrons to check out two video titles at a time. All <br />other video requirements remain the same. <br />The Director noted a brass plaque was being made for the <br />"In The Public Library" painting and recommended plaques <br />be designed for the Culbertson portraits also. In <br />discussing the large display cases, she asked the Display <br />Committee for assistance and to consider a plate theme. <br />The meeting adjourned at 5:15 P.M. <br />Date Approved Frances Ellis, Secretary <br />