[Ord. No. 3995 §1, 12-16-2013]
There is hereby established for the preservation, care, upkeep
and adornment of the City Cemetery a fund to be known as the "De Soto
Perpetual Care Cemetery Fund," as provided in Section 214.020, RSMo.
[Ord. No. 3995 §1, 12-16-2013]
The City Council may accept and acquire, by gift or donation,
money or funds to be placed to the credit of the Perpetual Care Cemetery
Fund. The Council may also direct that portions of the income derived
from the sale of lots in the cemetery be placed in this fund. Each
receipt into this fund shall be by separate ordinance of the Council
and shall direct the De Soto City Cemetery Board Treasurer to place
such money or funds to the credit of the Perpetual Care Fund.
[Ord. No. 3995 §1, 12-16-2013]
The income from the deposits or investment of the Perpetual
Care Cemetery Fund shall be expended for the preservation, care, upkeep
and adornment of such cemetery and for no other purpose whatsoever.
[Ord. No. 3995 §1, 12-16-2013]
The principal of the Perpetual Care Cemetery Fund shall not
be encroached upon for any purpose whatsoever, and no money shall
be transferred out of such Perpetual Care Cemetery Fund, except for
the purpose of being invested as herein provided for.
[Ord. No. 3995 §1, 12-16-2013]
The income from the investments of the Perpetual Care Cemetery
Fund shall be deposited in the De Soto City Maintenance Fund by the
De Soto City Cemetery Board Treasurer to be expended for the preservation,
care, upkeep, and adornment of the De Soto City Cemetery and for no
other purpose whatsoever. All monies and funds in the De Soto Cemetery
Perpetual Care Fund and all monies and funds hereafter received by
gift, donation or the sale of lots shall be deposited by the De Soto
City Cemetery Board Treasurer in accounts or deposits in any bank
or savings and loan doing business in De Soto, Missouri, so long as
such monies and funds are protected by FDIC/FSLIC. Monies and funds
shall be received and used only in accordance with Section 214.020,
RSMo., and this Article. The income from deposits or investments of
the funds shall be segregated from the principal so that the funds
are only used in accordance with Section 214.020, RSMo., and this
Article.
