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Here are suggestions for both ...

********** CASE 1

Library Checkouts
-- * The Lord of the Rings
-- * The Hobbit
-- * Of Mice and Men
-- ...

Prefix actions with * in this case to denote a checklist. Personally, I would tend to keep a list of checkout items in the note field of a task or in a dedicated checklist app on my iPod.

********** CASE 2

Email Setup (project)
...

[Email] Notices (project)
...

One project is a Setup, the other has the notices (where the term "Email" is optional)

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JJW