Chapter 13.08 FUNDS

Chapter 13.08
FUNDS

Sections:

13.08.010 Cemetery fund created.

There is hereby created a fund to be known as the cemetery fund into which shall be deposited all funds received from taxation or other sources for cemetery purposes and in the sale of lots, blocks, and grave spaces from tracts conveyed to the city, by the Woodbine Cemetery Association or other property hereafter acquired by the city, less such amounts as may be set aside from time to time as a permanent cemetery improvement fund for the maintenance, upkeep and improvement of said property and in the care of lots and tracts now and hereafter occupied for burial purposes as hereinafter provided. (Ord. 2735 § 1, 2002; Ord. 1192 § 2, 1953).

13.08.020 Cemetery endowment care fund.

Beginning on January 1, 1962, 25 percent of the proceeds received from the sale of lots, tracts or parcels of land or for burial purposes shall be set aside into a permanent fund to be known as the “cemetery endowment care fund.” This fund shall be kept perpetually invested from time to time in safe, interest-bearing securities as directed by the city council. The interest only received from the investment of said fund shall be used in the care and upkeep of the lots or tracts so sold. The sum of $2,000 face value of securities received from the Woodbine Cemetery Association shall also be conveyed into said cemetery endowment care fund. The interest therefrom shall be used for the care of the lots or tracts for which said $2,000 was contributed. Said fund shall be perpetual and irreducible, and shall be used for no other purposes than herein specified. (Ord. 2735 § 1, 2002; Ord. 1387 § 1, 1961; Ord. 1237 § 1, 1955; Ord. 1192 § 3, 1953).