[HISTORY: Adopted by the Annual Town Meeting of the Town of Newbury 3-3-1914 by Art. 21 as Chapter 4, Section 2a; amended in its entirety 11-12-2019 STM, Art. 13. Subsequent amendments noted where applicable.]
Funds, money or securities deposited with the Treasurer of the Town of Newbury for the preservation, care, improvement or embellishment of any public or private burial place within the Town of Newbury or of burial lots situated in such burial places may be received, held and applied. Such funds, money or securities shall be entered upon the books of the Treasurer of the Town and held in accordance with this by-law or, other ordinances or by-laws as from time to time adopted in accordance with Section 19 of Chapter 114 of the General Laws of Massachusetts (Tercentenary Edition,) or any amendments thereof or as otherwise authorized by law. The Town Treasurer shall invest all such funds, money or securities in accordance with the stipulations, if any, accompanying them and as ordered by the Selectmen and pay the income therefrom upon their order or with their approval.