N.Y. General Municipal Law § 143: Management and appropriation of property

§ 143. Management and appropriation of property. Trustees created

under the provisions of this article shall have the custody and

management of all the property of such corporation, and shall

appropriate the same, so far as the terms, provisions and conditions of

the donations will permit, for the purpose of aiding and instructing

children, or for providing suitable grounds for such a public park or

parks and properly preparing, beautifying, embellishing and keeping up

and maintaining the same, or for furnishing and supplying such library

with a suitable and proper edifice, rooms, furniture, books, maps,

magazines and whatever may be necessary to make, keep up and maintain a

good and complete library, or for one or more of such purposes, and

paying the expenses of the trust. Demising lands donated to the

corporation and investing and keeping money invested at interest, and

using the rents and interest therefrom for aiding and instructing

children or for park purposes or library purposes, shall be deemed to be

an appropriation of such property for said purposes.