(A) There is hereby created, ratified and confirmed a permanent maintenance cemetery fund or perpetual care fund for the Bremen Cemetery, which fund shall be maintained and kept as a separate fund. Any part of the proceeds, not exceeding 75% thereof, derived from the sale of cemetery property within said cemetery may be set aside to be and to constitute the permanent maintenance or perpetual care fund, the income from which shall be added to and become a part of said fund until such time as the revenue from the sale of cemetery property and other income from such cemetery shall cease to be sufficient to meet the expenses of the maintenance, care and upkeep of such cemetery, after which the income derived from such fund and its accretions shall be used in whole or in part, as the needs of the cemetery may require, and to appropriation by the Town Council as other funds are appropriated.
(B) The Town Council shall from time to time by Council action establish the limitations with respect to the sale of real estate within said cemetery and the sale price thereof and the percent of monies to be set over to said permanent maintenance cemetery fund or perpetual care fund, provided that until changed by said Council, all lots sold in said cemetery shall contain the restrictions on use as hereinafter set forth.
(Prior Code, § 106.08) (Ord. 12-89, passed 9-11-1989)