The Board shall have the right to accept and receive gifts, legacies, bequests, and endowments, for the care and maintenance of the cemeteries, and shall have the right to receive as gifts any additional grounds for the cemeteries, and the right to condemn, purchase, or otherwise acquire additional land for the cemeteries. All of the funds for the cemeteries shall be turned over to the Clerk-Treasurer to be invested in investments as authorized by the law of the State of Indiana, providing for the investments of the cemetery funds by cities. The Clerk-Treasurer shall make no investment except on the recommendation of the Board of Public Works and Safety. The income from all funds invested shall be put in a cemetery maintenance fund for the city, and be used to defray the expenses for the care and maintenance of the cemeteries.
(1980 Code, § 91.04) (Ord. 304, passed 3-26-1943)
Statutory reference:
Use and investment of cemetery funds, see I.C. 23-14-65-19 through 23-14-65-26