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All funds received for the purpose of income care shall be set apart by the Board of Trustees as the lot and grave owners care and improvement fund. Money in this fund shall, as soon as practical, be invested in interest bearing bonds and securities as determined by the Board of Trustees. The bond shall be plainly endorsed “Care and Improvement Fund of Chatham Cemetery,” and shall be placed in the custody of the Treasurer who shall account for same and upon retiring from office shall deliver the same to his successor together with all moneys on hand not invested.
(Ord. passed - - )