Not less than 25% of all monies received from the sales 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 City Council and Mayor 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 on the cemetery.
(Prior Code, § 7-6A-10)