[Ord. No. 3020, 9-25-2023]
For the purpose of providing permanent and perpetual care of the City Cemetery, and the graves, roadways and passageways therein, there is hereby created a Trust Fund, to be known and designated as the Perpetual Care Cemetery Fund, into which shall be paid one-half (1/2) of all money derived from the sale of all graves or niches in said cemetery, and no part of the principal of said Trust Fund shall ever be used for any other purpose than that of purchasing land for cemetery purposes, paying the expenses of fencing and platting the same, and the cost of making permanent improvements in said cemetery. All of the balance of said money shall be invested, reinvested and constantly kept invested, and the income therefrom collected by said Trustees and so much of the net income therefrom as may be necessary to properly take care of, beautify and improve said cemetery, shall be paid by the Trustees of said fund to the City Treasurer for the use of the Cemetery Fund of the City, and the balance of said net income shall be added to the principal of said Trust Fund.
[Ord. No. 3020, 9-25-2023]
All money paid into the Cemetery Fund shall be used for cemetery purposes only, and no part of said money shall be used for any other purpose. This Section and the provision herein contained restricting the expenditure of money from the Trust Fund, shall by reference be a condition and covenant of the certificates of sale of lots issued to purchasers thereof as fully as if therein contained.