(A) All sums of money received from the sale of the lots in the new addition to Caledonia Cemetery shall be paid to the treasury of the Cemetery Board of Managers.
(B) The Cemetery Board of Managers may set apart such portion of said lot sales proceeds as they see fit and shall hold such sums set aside in trust, the income therefrom to be used for the perpetual upkeep of the lots sold, as far as the proceeds of this trust will do so.
(C) The funds are to be invested by the Cemetery Board of Managers as provided in this subchapter.
(1994 Code, § 92.29) (Ord. 19, passed 12-7-1942; Ord. 341, passed 7-23-1984; Ord. 2002-05, passed 5-13-2002)