§ 3. Governing Board Powers.

The governing board shall have the power to:

(a)

Levy annually an ad valorem tax upon taxable real property within the district in the same manner as other county and municipal ad valorem taxes are levied, provided that:

(1)

The millage allocated to annual operating and maintenance expenses of the district shall not exceed one mill;

(2)

The millage allocated to debt service shall not exceed an amount necessary to pay principal of and interest on bonds issued under Subsection (d) hereof; and

(3)

The tax first levied after the effective date of this Act shall not exceed 0.512 mill.

(b)

Purchase, lease, construct or otherwise acquire capital projects related to the library services and facilities of the district and to convey such capital projects to the Orange County Library Board of Trustees in trust for the benefit of the residents in the district.

(c)

Appropriate and expend revenue of the district, subject to the limitations of this Act.

(d)

Issue bonds, notes, any other certificates of indebtedness or any form of tax or bond anticipation notes or certificates payable from all or any portion of the ad valorem tax revenues of the district, but only when the proceeds of such bonds, notes, certificates of indebtedness, or tax anticipation notes or certificates are used to finance or refinance capital projects related to library services or facilities of the district, and only when such indebtedness is approved at referendum pursuant to law. Bonds issued hereunder shall be payable from taxes to be levied on all taxable property in the district without limitation as to rate or amount. However, the aggregate amount of bonds issued and outstanding hereunder at any time shall not require in any year for the payment of principal and interest falling due an amount greater than one mill on the assessed valuation of all taxable property in the district at the time of the issuance of such bonds. In issuing such bonds or other forms of indebtedness, the governing board may pledge the full faith and credit of the district for service of the debt to be incurred.

(e)

Issue revenue bonds payable from the proceeds of any fees, charges, fines, rentals, grants or other sources of revenue (except ad valorem taxes) which may be or become available to the district; to pledge such revenues to the payment of such revenue bonds; to make all customary or necessary covenants for the security of such revenue bonds (including covenants to assure the adequacy of such revenues and the proper collection, holding and disposition thereof); to agree to pay some or all expenses of maintenance and operation from sources other than pledged revenues (and not to diminish the rates of taxation available therefor); to capitalize interest and reserves in such amounts as the governing board may deem necessary; to pay all costs of issuance of such bonds, including fiscal, legal, bond insurance and printing expenses from bond proceeds or other sources; and to apply the proceeds of said revenue bonds to the payment of the cost of any or all facilities or property (real or personal, including books) which said district is empowered to acquire, including all architectural, legal, engineering and other professional costs in connection therewith, or to the refunding of previously issued revenue bonds.

(f)

Issue such bonds, revenue bonds, tax or bond anticipation notes, or other forms of indebtedness at such interest rate or rates as the governing board may determine.

(g)

Appoint members to the Orange County Library Board of Trustees as provided below.

(h)

Budget, appropriate and pay revenues of the district to the Board of Trustees for operation and maintenance of library services and facilities, and when conveyed to the Board of Trustees such revenues shall be deemed revenues of the Board of Trustees to be expended by the Trustees at their discretion pursuant to the powers granted under Section 6 of this Act and subject to limitations contained in Section 4 of this Act.

(i)

Exercise powers of eminent domain over private property pursuant to law, but only where such property will be used for a public purpose related to library services and facilities. This power of eminent domain shall not extend to property owned by any municipality.

(Laws of Fla. ch. 80-555, § 3)