Assumption of lands and buildings
172. (1) At the request of the Library Board, the Metropolitan Council may pass by-laws assuming on behalf of the Library Board any land or building that the Library Board requires for its purposes that is vested on the 31st day of March, 1966, in any area municipality or area board and that is used on such day for public library purposes, and on the day any such by-law becomes effective the property designated therein vests in the Library Board. Buildings used for other purposes (2) Where any part of a building mentioned in subsection (1) is used by the area municipality or area board for purposes other than those for which the Library Board was established, the Metropolitan Council may, at the request of the Library Board, (a) where practicable, assume on behalf of the Library Board only the part of the building and land appurtenant thereto used for purposes similar to those for which the Library Board was established; or (b) assume on behalf of the Library Board the whole building and land appurtenant thereto, and the Library Board may enter into an agreement with the area municipality or area board for the use of a part of the land or building by such area municipality or area board on such terms and conditions as may be agreed upon. Liability of Metropolitan Corporation (3) Where the Metropolitan Corporation assumes any property under subsection (1) or (2), (a) no compensation or damage shall be payable to the area municipality or area board except as provided in this subsection; (b) the Metropolitan Corporation shall thereafter pay to the area municipality before the due date all amounts of principal and interest becoming due thereafter upon any outstanding debentures issued by the area municipality in respect of any property vested in the Library Board under subsection (1) or (2); (c) despite any order of the Municipal Board or any debenture by-law passed pursuant thereto, all amounts of principal and interest becoming due thereafter with respect to any debentures theretofore issued by the Metropolitan Corporation on behalf of such area municipality in respect of any property vested in the Library Board under subsection (1) or (2) shall be repaid by levies against all the area municipalities; (d) the Metropolitan Corporation shall thereafter pay to the area municipality or area board, for the portion of any land or building vested in the Library Board under this section that is not used, on the 31st day of March, 1966, for purposes similar to those for which the Library Board was established, such amount as may be agreed upon, and, failing agreement, the Municipal Board, upon application, may determine the amount, and its decision is final, provided that such amount shall not be greater than the capital expenditure for such portion of the land or building less the amount of any outstanding debentures in respect of such portion. Default (4) If the Metropolitan Corporation fails to make any payments as required by clause (3) (b), the area municipality may charge the Metropolitan Corporation interest at the rate of 15 per cent per year or such lower rate as the council of the area municipality determines, from the date payment is due until it is made. Settling of doubts (5) In the event of any doubt as to whether any outstanding debenture or portion thereof was issued in respect of any property assumed, the Municipal Board, upon application, may determine the matter and its decision is final. John Ross Robertson Collection (6) The Library Board has, and since the 23rd day of August, 1977 shall be deemed to have had, the power to maintain the personal property known as the John Ross Robertson Collection in such building of the Library Board as the Library Board considers appropriate. R.S.O. 1990, c. M.62, s. 172.