(1) The fund of the Library other than the District Library shall be deposited in a nationalized bank or in a post office or in a co-operative bank and shall be jointly operated by the Librarian and the Secretary of the Committee and in absence of Librarian, the fund shall be operated jointly by the Secretary and the President of the Committee. In absence of the Secretary and the President of the Committee, the Administrator and the Librarian shall operate the fund jointly.
(2) The fund of the District Library shall be deposited in a nationalized bank and shall be operated by the Librarian and the Joint Secretary of the Committee. Where the Librarian is the Joint Secretary, such Librarian and the Secretary of the Committee shall operate the fund. In absence of Librarian, the Joint Secretary and the President shall jointly operate the fund. In absence of the Secretary and the President of Part-1] THE KOLKATA GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2006 j230 the Committee, the Administrator and the Librarian shall jointly operate the fund.
(3) In every meeting of the Committee, the Librarian shall furnish a detailed'report o the financial position of the Library.
(4) All payment and financial transactions shall be made under the joint signature of the Librarian and the Secretary or the President of the Committee.
(5) The Librarian may keep —
(a) in case of the District Library, an amount of Rs. 1,000/-,
(b) in case of a Library other than the District Library,
(i) where such Library is situated in a Town/ Sub-division, an amount of Rs.500/-, ii) where such Library is situated in rural area or where such Library is a Primary Unit Library, an amount of Rs. 300/-, to meet contingent and petty expenditure.