Karl Busch Library Foundation

To seek and receive contributions, gifts, grants, devises and bequests of real or personal property, or both, or any other gratuities, from individuals, foundations, partnerships, associations, governmental bodies or public or private corporations, and to maintain, use and apply, directly or indirectly, the whole or any part of the income therefrom and the princial thereof exclusively for the benefit of or for the use and benefit of the Valentine public library or any of its branches as it is presently constituted or for any successor institution with the same or similar educational, cultural and scientific purposes and to apply, expend and use any or all property so received, principal and income or either, to the use and benefit of the said library or any of its branches and for such purposes as shall have been approved by the governing board.