[Ord. No. 9 §26.030(1), 9-8-1980; Ord. No. 486, 7-13-2015]
Under authority of Section 214.020, RSMo., there is hereby established
a fund for the preservation, care, upkeep and adornment of the Stockton
City Cemetery, such fund to be known as “the Perpetual Care
Cemetery Fund of the City of Stockton.” The Cemetery Board shall,
on behalf of the City of Stockton, accept and acquire by gift or donation,
money or funds to be placed to the credit of such Perpetual Care Cemetery
Fund. That part of the money derived from the sale of lots not needed
for the care, upkeep, adornment and expansion of the Stockton City
Cemetery shall be placed in the Perpetual Care Cemetery Fund. Such
moneys and funds so placed in such Perpetual Care Cemetery Fund shall
be invested from time to time in bonds of the United States Government
or of the State of Missouri, or may be placed in any account or certificate
of deposit of any bank or savings and loan association which is authorized
to do business in this State so long as the funds so deposited are
protected by Federal deposit insurance. The income therefrom shall,
upon recommendation of the Cemetery Board, be expended by the City
of Stockton for the preservation, care, upkeep and adornment of the
Stockton City Cemetery, for the repurchasing of cemetery lots previously
sold, and for no other purpose whatsoever. The principal of said 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 purposes of being invested as provided for in
this Section and for the repurchasing of cemetery lots previously
sold. The Cemetery Board shall, on behalf of the City of Stockton,
accept any gift or donation to such fund and shall turn them over
to the Treasurer of the City. The Treasurer shall place such money
or funds to the credit of such Perpetual Care Cemetery Fund.
