State Codes and Statutes
Statutes > Missouri > T12 > C214 > 214_020City may establish perpetual care cemetery fund--receivegifts--limitation on use of income from fund.
214.020. Any town, city or village in the state of Missouriwhich now owns or may hereafter acquire any cemetery, may byordinance establish a fund for the preservation, care, upkeep andadornment of such cemetery, such fund to be known as "PerpetualCare Cemetery Fund", and may accept and acquire by gift ordonation, money or funds to be placed to the credit of suchperpetual care cemetery fund. Such town, city or village mayalso deposit in such fund a portion of the income derived fromthe sale of lots in such cemetery as shall be determined byordinance of such town, city or village. Such moneys and fundsso placed in such perpetual care cemetery fund shall be investedfrom time to time in bonds of the United States government or ofthe state of Missouri, or may be placed in any bank or savingsand loan association which is authorized to do business in thisstate so long as the funds so deposited are* protected by federaldeposit insurance. The income therefrom shall be expended bysuch town, city or village for the preservation, care, upkeep andadornment of such cemetery, for the repurchasing of cemetery lotspreviously sold, and for no other purpose whatsoever. Theprincipal of said perpetual care cemetery fund shall not beencroached upon for any purpose whatsoever and no money shall betransferred out of such perpetual care cemetery fund except forthe purposes of being invested as provided for in this sectionand for the repurchasing of cemetery lots previously sold. Thecity council of the various towns, cities or villages which shallestablish such perpetual care cemetery fund shall by ordinanceaccept any gift or donation to such fund, and shall by saidordinance direct the treasurer of said town, city or village toplace such money or funds to the credit of such perpetual carecemetery fund. Such city council shall have all the necessaryauthority by ordinance to invest such funds as provided for inthis section.
(L. 1949 p. 234 § 15277a, A.L. 1965 p. 364, A.L. 1988 H.B. 1550)*Word "or" appears in original rolls.
