The Board of Cemetery Trustees may establish a permanent endowment fund for the express purpose of keeping such cemeteries clean and in good order. For this purpose it may add to the price regularly charged for lots therein a sum for such purpose, or receive gifts for such purpose or enter into separate agreements with the purchasers of lots by which an agreed portion of the purchase price shall constitute a permanent fund; or receive individual gifts for such fund, the income thereof to be used for the upkeep and care of such lots. When any such funds are received or created, they shall be a permanent fund for such use and the income therefrom shall be used only for such purpose and the principal sum shall be kept invested under the rules and standards established by law for investments by fiduciaries.
(Ord. 16-69. Passed 5-26-69.)