3530 Fund Cemetery Property0
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(Published in The Salina Journal1928)
O3DIN�CE PTO. 3530
An Ordinance providing; for and authorizing the creation of trust
funds to be used in improving, maintaining and caring for the
lots, graves, monuments, vaults or other cemetery property of
lot owner s in Gypsum Tull Cemetery, providing for the holding
of such funds in trust by the City o: Salina and the manner
of handling and expending the income therefrom.
BE TT OHDAI=D by the Board of Commissioners of the City of Salina,
Kansas:
SECTION 1. That whenever any person shall desire to place or de-
posit with the City of Salina any money or securities to be used
in improving, maintaining and caring for any lot, grave, monument
vault or other cemetery property of any lot owner in Gypsum Hill
Cemetery, such person shall execute a trust deed to t':e City of
Salina, describing the money or property so placed or deposited
in trith said city and describing the lot, grave, monument
vault or other cemetery property of any lot or:ner which he desires
to have improved, maintained and cared for, together ;rith the de-
scription of the lot or Dart of a lot upon which the same is situated
and which trust deed shall authorize the city as trustee to invest
or reinvest such money or the proceeds of any such securities in
state, county or city bonds or other securities approved by the
governing body of such city and to use the income therefrom for
the purposes mentioned in such trust deed.
SECTION 2. The City Clerk shall keep suitable records relating to
any trust fund placed or deposited with the City of Salina in accord-
ance with the provisions of this ordinance, and shall record therein
any such trust deed and the approval of the same by the Board of
Commissioners, and shall deliver to the City Treasurer any such
moneys or securities so deposited, or placed with the city under any
+ such trust deed, -nd shall record the receipt of the City Treasurer
for such money or securities.
SECTION 3. The City Treasurer shall be the custodian of any money
or securities deposited or placed with the City of Salina under any
such trust deed and shall invest or reinvest the same or the proceeds
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thereof in such securities as shall be approved by the Board of
Commissioners of said city, and the income from any such trust
fund shall be and the same is hereby appropriated by the Board of
Commissioners to the Board of Directors of the Bypsum Hill Cemetery
to.be used by them in improving, maintaining and caring for.the
lots, monuments, vaults, or other cemetery property described in
any such trust deed and the Board of Directors of said cemetery
shall expend any money so anpropriated,.and paid to them by the
City Treasurer .out of the income of any such trust fund, only for
the purpose of improving, maintaining and caring for any such lot
grave, monument, vault or other cemetery property in accordance
with the provisions of the trust deed relating thereto.
SECTION 4. Whenever any money is paid to and used by the Directors
of said cemetery from the income of any such trust fund, they shall
make a record of the same showing the date and emount thereof and
the manner in which the same was expended and shall certify the
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same to the City Clerk who shall make a record thereof in his books
kept for such purpose.
SECTION 5. Any negotiable securities placed or deposited with
fthe city for the purposes provided for in this ordinance, or in which
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any money placed or deposited with the city shall be invested, may
fbe placed by the City Treasurer in the custody of the State Treasurer
of the State of Kansas at Topeka, for safe keeping, in accordance
` with the provisions of Chap. 103 of the Laws of Kansas 107 and the
State Treasurer shall issue a receipt therefor and shall retain such
possession as custodian thereof, subject to the order of the govern-
ing body of said city, provided that the City of Salina shall have
the bower and right to receive periodically the income from any such
securities and may at any time procure the return of such securities
either in whole or in part for the purpose of reinvesting the funds
or otherwise preserving and caring for the same.
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SECTIOly 6. Any money which may be accumulated under the pro-
visions of this ordinance shall be known as the Gypsum Hill
Lot Owners Endomient Fund, and the principal thereof shall be
kept irk,,tact and only the income therefrom or accretions thereto
shall be used for the purposes specified in this ordinance.
SECTION 7. This ordinance shall take effect and be in force
from and after its publication in the official city paper.
Introduced April 30th,. , 1928.
Passed May 7th , 1928.
tayor. .
Attest.
�Gvrri
City Clerk.