12-1410.Same; use and investment of funds.
All funds raised by popular subscription or profits or surplus set aside
for such endowment fund as provided in this act shall be invested in investments
authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed
therein or in state,
county or municipal bonds, bonds of the United States of America or any
bonds guaranteed, both as to principal and interest, by the United States
of America, and the interest accruing therefrom, from such investment shall
annually be expended for caring for graves, beautifying and improving
such cemetery; but in no case shall such fund be depleted or lessened, and
nothing but its earnings, as they accumulate annually, shall be expended
for any purpose whatsoever, except as specified above, and such endowment
fund shall be for the purpose prescribed in this act and its earnings
expended in the manner prescribed forever. The
governing body of any city may by resolution passed by a majority vote of such
governing body, transfer such endowment fund to the general cemetery fund
and expend the same for permanent improvements or care and maintenance,
except that any part of such fund donated by popular
subscription or given by any donor by gift, grant or will, shall not be
transferred to such general cemetery fund but the same shall remain as a
permanent endowment fund as hereinbefore prescribed in this section.
History: L. 1917, ch. 83, § 3; R.S. 1923, § 12-1410; L. 1935,
ch. 99, § 1; L. 1939, ch. 99, § 1; L. 1957, ch. 95, § 1; L. 1977,
ch. 54, § 8; L. 1982, ch. 72, § 5; July 1.
12-1410.Same; use and investment of funds.
All funds raised by popular subscription or profits or surplus set aside
for such endowment fund as provided in this act shall be invested in investments
authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed
therein or in state,
county or municipal bonds, bonds of the United States of America or any
bonds guaranteed, both as to principal and interest, by the United States
of America, and the interest accruing therefrom, from such investment shall
annually be expended for caring for graves, beautifying and improving
such cemetery; but in no case shall such fund be depleted or lessened, and
nothing but its earnings, as they accumulate annually, shall be expended
for any purpose whatsoever, except as specified above, and such endowment
fund shall be for the purpose prescribed in this act and its earnings
expended in the manner prescribed forever. The
governing body of any city may by resolution passed by a majority vote of such
governing body, transfer such endowment fund to the general cemetery fund
and expend the same for permanent improvements or care and maintenance,
except that any part of such fund donated by popular
subscription or given by any donor by gift, grant or will, shall not be
transferred to such general cemetery fund but the same shall remain as a
permanent endowment fund as hereinbefore prescribed in this section.
History: L. 1917, ch. 83, § 3; R.S. 1923, § 12-1410; L. 1935,
ch. 99, § 1; L. 1939, ch. 99, § 1; L. 1957, ch. 95, § 1; L. 1977,
ch. 54, § 8; L. 1982, ch. 72, § 5; July 1.
12-1410.Same; use and investment of funds.
All funds raised by popular subscription or profits or surplus set aside
for such endowment fund as provided in this act shall be invested in investments
authorized by K.S.A. 12-1675, and amendments thereto, in the manner prescribed
therein or in state,
county or municipal bonds, bonds of the United States of America or any
bonds guaranteed, both as to principal and interest, by the United States
of America, and the interest accruing therefrom, from such investment shall
annually be expended for caring for graves, beautifying and improving
such cemetery; but in no case shall such fund be depleted or lessened, and
nothing but its earnings, as they accumulate annually, shall be expended
for any purpose whatsoever, except as specified above, and such endowment
fund shall be for the purpose prescribed in this act and its earnings
expended in the manner prescribed forever. The
governing body of any city may by resolution passed by a majority vote of such
governing body, transfer such endowment fund to the general cemetery fund
and expend the same for permanent improvements or care and maintenance,
except that any part of such fund donated by popular
subscription or given by any donor by gift, grant or will, shall not be
transferred to such general cemetery fund but the same shall remain as a
permanent endowment fund as hereinbefore prescribed in this section.
History: L. 1917, ch. 83, § 3; R.S. 1923, § 12-1410; L. 1935,
ch. 99, § 1; L. 1939, ch. 99, § 1; L. 1957, ch. 95, § 1; L. 1977,
ch. 54, § 8; L. 1982, ch. 72, § 5; July 1.