(A) Cemetery Fund. Moneys received under this chapter are dedicated to the cemetery within a fund known as the “Cemetery Fund”. Revenues will be derived from sales of property, permanent (perpetual) care fees, seasonal care fees, interest or dividends from investment of idle funds, burial fees, gifts, donations or bequests. Moneys from sales of property or lots will be used for current cemetery operations. Moneys from the perpetual care fees will be dedicated to a permanent or perpetual care fund for investment, the interest or dividends from which may be used for current cemetery purposes. Monies in the fund may be invested in any security that is an authorized investment for the city. Property or lots may not be sold or deeded without perpetual care fees being paid at the same time. Seasonal care fees will be accepted for care and maintenance of those lots which were sold or deeded before perpetual care fees were required.
(B) Gifts and the like. Gifts, donations or bequests may be accepted at the discretion of the City Council, but for the purposes stipulated by those remitting the funds or, in the absence of such stipulation, the funds will be directed by the City Council. The City Council may amend these rules and regulations to set fees and charges and to dedicate or direct their uses. All funds will be received, dedicated, invested, expended or disbursed pursuant to M.S. Chapter 306, as it may be amended from time to time, and this chapter.
(Prior Code, § 520.41)