214.170. May designate responsible organization or individual to administer the income.
214 words·~1 min read·
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214.170. May designate responsible organization or individual to administer the income. — Any responsible organization or individual, who is directly interested in a particular cemetery, who is willing to undertake the administration of the income from all trusts and gifts to this particular cemetery shall be designated by the commission to administer the said income and shall make an annual report to the commission. Any time the organization or individual so appointed fails to maintain and beautify said cemetery in keeping with the income, the commission shall appoint some other organization or individual to administer the aforesaid income.
Where there is no responsible organization or individual, that is willing to undertake the administration of the said income from the trusts or gifts to any particular cemetery, the commission shall administer same, or appoint some organization or individual, who is responsible to administer the same, making the said annual report to the commission. The commission shall retain five percent of the incomes from all trusts and gifts to create a fund to reimburse any trust or gift which has a loss.
The commission shall have authority to increase or decrease the said five percent as may be necessary to keep all trusts and gifts intact.
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(RSMo 1939 § 15270)
Prior revision: 1929 § 14061