The Town Treasurer shall receive, hold and apply
such funds, moneys and securities as may be deposited with the Town
for the preservation, care, improvement and embellishment of any public
or private burial place or of burial lots situated therein, which
funds, moneys and securities shall be entered upon the books of the
Treasurer and held in accordance with the request of the respective
depositors. The Treasurer shall deposit all such funds, moneys and
securities in some reliable interest-paying institution in this commonwealth.
[Amended 6-25-2020 ATM by Art. 70, approved 10-27-2020]
It shall be the duty of the Select Board to
annually appoint one or more trustees, who shall expend such income
for the purposes indicated by the respective depositors thereof. He/she
shall give a bond to the satisfaction of the Select Board, conditioned
for the faithful performance of his duties. He/she shall be paid such
sum, not exceeding $2 a day for each day actually spent in the performance
of his/her duties, as the Select Board may decide, which shall be
deducted from said income of the principal fund. He/she may annually
draw orders upon the Town Treasurer to an amount not exceeding such
income.
The preceding action shall not be construed
to affect any deposit heretofore received by the Town in trust for
the purposes named by the donor nor any directions that may have been
given as to the expenditure thereof.
The Town Treasurer shall keep a separate account
with each such trust fund and shall annually pay orders drawn upon
him by the trustees to the amount hereinbefore provided and shall
annually report the condition of such account to the Town.