17-1313. Cemeteries in or near cities; dissolution.
17-1313
17-1313. Cemeteries in or near cities; dissolution.
That upon the sale of all of the burial lots in the cemetery of said
corporation, or upon a vote of two-thirds majority of the stockholders of
said corporation, said corporation may be dissolved, and thereupon a
permanent-maintenance fund, together with all investments then outstanding,
and all books, records and papers of such corporation, shall be turned over
to the city treasurer of the city in which or adjacent to which said
cemetery is situated, who shall give a bond similar to the bond
hereinbefore required of the treasurer of said corporation; and thereupon
the governing body of said city is hereby authorized and required to
provide for the investment of such funds in the same kind of securities as
hereinbefore provided, and to care for and maintain the said cemetery; the
proceeds of said fund to be used exclusively for such purpose.
History: L. 1901, ch. 102, § 7; March 22; R.S. 1923, 17-1313.