Fulton Perpetual care cemetery fund ordinance (§ 30-38)

(a) Under RSMo 214.020 there is established a perpetual care cemetery fund for Hillcrest Cemetery and Southside Cemetery owned by the city.

(b) Ten percent of the income derived from sale of lots in Hillcrest Cemetery and Southside Cemetery shall be deposited in the perpetual care cemetery fund. Such funds shall be invested from time to time in United States government bonds or of the state or may be placed in any bank or savings and loan association which is authorized to do business in this state, so long as the funds so deposited are protected by federal deposit insurance.

(c) The principal of the perpetual care cemetery fund shall not be used for any purpose whatsoever and no money shall be transferred out of such perpetual care cemetery fund except for the purpose of being invested and for repurchase of cemetery lots previously sold.

(d) The income derived from the perpetual care cemetery fund shall be used for the preservation, care, upkeep and adornment of such cemeteries or the repurchasing of cemetery lots previously sold and for no other purpose.