[Adopted 1-30-1911 (Ch. 12, Art. I of the 1976 Code)]
The Treasurer of the Town, and his successors
in office, or such other officers as the Town may at the Annual Town
Meeting from time to time designate, is hereby appointed trustee of
said fund so to be received, and he is to receive said fund after
the expenses and fees of the Town's Counsel have been deducted therefrom,
to hold and safely keep the fund so received by him legally invested.
Said fund shall be known as the "Cornelia H. B. Rogers Memorial Fund"
and shall be in memory of Cornelia H. B. Rogers II and Sarah B. Rogers,
daughters of said deceased. The principal thereof shall be kept intact,
and the annual income thereof shall be used for Town purposes as the
Town may from time to time authorize, and said trustee shall make
a report to said Town at its Annual Town Meeting, which report shall
show the amount of the principal of said fund, where and how said
fund is invested and in what securities if said fund shall be invested
in securities, the amount of income received and what disposition
has been made of such income and any additional information which
said Town Meeting or any Town Meeting legally warned and held may
require. Said Town may require said trustee to furnish a bond sufficient
in amount to secure said Town against impairment or loss of said fund,
and the Town, at any Town Meeting regularly warned and held, or the
Selectmen of said Town, may fix the amount of said bond.
