A. The Prescott historical society shall:

1. 1. Preserve, maintain and perpetuate the gubernatorial mansion, the Sharlot Hall Museum and the historical collections contained in the mansion and museum and on the grounds of the mansion and museum in Prescott, Arizona.
2. 2. Procure by gift, exchange or purchase books, maps, papers, goods, artifacts, utensils, museum specimens and other data or materials pertaining to the history of Arizona and the west.
3. 3. Conduct and carry on investigations and expeditions into the geological and anthropological life of Arizona and the west.
4. 4. Establish and maintain a library and publish pamphlets and reports.
5. 5. Exchange exhibits on a temporary basis for display purposes with other museums and societies.
6. 6. Loan exhibits to schools in Arizona or to museums and societies for which a fee may be charged.
7. 7. Suitably house for protection, preservation and availability and properly catalogue and keep accessible to the public, during reasonable hours, the historical collections and materials and may charge a fee for these services.
8. 8. Keep accessible to the public all historical data and provide suitable space for its use in research and may charge a fee for these services.

B. All monies received by the society from whatever source other than legislative appropriation shall be credited for the use of the Sharlot Hall historical society and used as provided by the terms of this subsection for the following purposes:

1. 1. Acquisition and restoration of museum specimens.
2. 2. Direct research pertaining to the history of Arizona and the west.
3. 3. Publication of books, pamphlets, bulletins and reports for sale by the society.
4. 4. Acquisition of postal cards or other items consistent with the objects of the society for resale.
5. 5. Other necessary expenses.