17-1313.   Cemeteries in or near cities; dissolution.That upon the sale of all of the burial lots in the cemetery of saidcorporation, or upon a vote of two-thirds majority of the stockholders ofsaid corporation, said corporation may be dissolved, and thereupon apermanent-maintenance fund, together with all investments then outstanding,and all books, records and papers of such corporation, shall be turned overto the city treasurer of the city in which or adjacent to which saidcemetery is situated, who shall give a bond similar to the bondhereinbefore required of the treasurer of said corporation; and thereuponthe governing body of said city is hereby authorized and required toprovide for the investment of such funds in the same kind of securities ashereinbefore provided, and to care for and maintain the said cemetery; theproceeds of said fund to be used exclusively for such purpose.

      History:   L. 1901, ch. 102, § 7; March 22; R.S. 1923, 17-1313.