The Cemetery Board may, from time to time, sell and reinvest the proceeds of any securities held by them. They shall, after payment of expenses, hereinafter stated, reinvest all interest and other income from the investment. The Treasurer shall keep accurate account of all investments made and shall exhibit to the Town Council and the Cemetery Board whenever called upon so to do, all books showing the state of the investment and income derived and expended during any period. No action taken by the Cemetery Board shall be binding as such unless taken in general or special session.
(Ord. 1110, passed 5-13-2003)