§ 99.03 CEMETERY CARE FUND. In all municipally owned cemeteries where lots are sold or charges made for interments, not less than 12.5% of all monies received from the sale of lots and interments shall be segregated and set aside as a permanent fund to be known as the “Cemetery Care Fund”. The Cemetery Care Fund shall be expended in purchasing lands for cemeteries and for making capital improvements when necessary. The balance of the fund may be invested, without approval of any court, by the body having control of the cemeteries, in the manner provided by 62 O.S. § 348.1 for investment of municipal funds. Only the interest from the investments shall be used in improving, caring for and embellishing the lots, walks, drives, parks and other necessary improvements of such cemeteries.

(Prior Code, § 7-4-5) (Ord. 310, passed 5-6-2004)