I would if it comes to that, except that it won't, because it can't, because it'll take more than a motley, inexperienced group of volunteers to keep a library going to an acceptable standard. 
We are about to lose both our local village libraries. One of them is one we go to once or twice a week. DS1 loves the librarians who work there and it's part of his life. When it does close, he won't stop reading, because we have plenty of books, but something special will be lost. He'll stop having a share in important communal property, learning to respect something that belongs to everyone, and meeting friends somewhere neutral and welcoming.
The local parish meeting the other week was a bit dispiriting. Almost everyone there volunteered to be put on a rota list 'to keep the library open'. The librarians were hoping that instead of just accepting the cuts, the local supporters would say 'let's protest, let's just refuse to let this happen here'. But they got a long list of potential volunteers instead. And the sad thing is, however well-meaning that was, it'll come to nothing. We can't afford to keep the building running. The council could put 4 houses and gardens on that plot, and land is expensive here.
The pot of money that we're being invited to bid for (at the expense of other village communities, it's horribly divisive) is too small, after being split between dozens of local community interests, to keep the place going either. So then what? Basically, the 'business plan' (since when were libraries businesses? The 1930's, maybe?) that has to be submitted will have to entail making a profit from the library. Charging for loans and services. And that's something I'm not prepared to be part of. Libraries are for everyone. Paying for the service at point of delivery isn't what they're for. 