It shall be the duty of the Finance Officer to set aside 90% of the purchase price for all lots hereafter sold in the cemetery to cover the cost of developing the cemetery and the various lots therein, or otherwise used as the governing body may direct; and to set aside the remaining 10% of the purchase price of the lots, and together with one-tenth the sums received for furnishing graves in potter’s field of the cemetery, and place all of the sums of money into a trust fund, invested as the governing body from time to time may direct, to be known as the Mountain Rest Cemetery Perpetual Care Trust Fund and which shall be kept separate and apart from all other funds of the city, and to place the income from the trust fund to the credit of the General Cemetery Maintenance Fund or Account, the Maintenance Fund to be expended as the governing body may direct.
(Prior Code, § 5-51) (Ord. 97-14, passed 6-24-1997)