The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1891-05-07
CHAPTER a47.-H. F.. MO- ss5.

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CHAPTER 47.-H. F. NO. sos. r..
An act entitled an act to legalize and validate
proceedings had, taken and done by savings
associations under the provisions Of section
eleven Q1) of chapter twenty-three (23) Of
the General Laws of the year one thousand
eight hundred and sixty-seven Gs6D, and
OF all acts amendatory thereof and supple
Be it enacted by the Legislature of the State
OF Minnesota:
SECTION 1. That all resolutions and all pro-
ceedlngs had, taken or done by any savings
association formed and existing under and
by, virtue of the provisions of section eleven
QD Of chapter twenty-three (23) of the Gen
eral Laws Of the year one thousand eight
nun aan ana sixtyseyen qse and Of all
thereto. attempting and .purporting to con-
form to the provisions of said statutes, are
hereby validated and legalized and made of
the same force and effect as though all such
had been originally authorized by law.
SEC. 2. This act shall take effect and be in
force from and after its passage
Approved April IT, 1891.
CHAPTER ass. mo. 2ss.
An Act to provide for the care and invest.
ment of the permanent funds of cemetery
associations.
Be it enacted by the Legislature of the State
of Minnesota tt,-},
SECTION 1. Whenever the trustees of any
cemetery association, not specially provided
for BY chapter one hundred and sixty-eight
li6o) OF the General Laws of the State OF
SMlnnes9ta for the year one thousand eight
hundred and eighty-seven Qss7), at any reg
uiar meeting or special meeting by a resoil-
tlon adopted by a. tWo-thirds vote of such
lOard, determine to constitute a board OF
cemetery association. they shall FLEA copy Of
such resolution with the judge Of probate of
the county in which such cemetery associa-
uon is situated, and thereupon it shall be the
duty Of such judge, of probate to appoint
three'(3; persons,who shall be resident free
holders of the town. city or village where
sucn cemetery association has its place of
business, and such persons shall also be
members OF such cemetery association.
Said judge of probate in making such ap-
polntment shall designate one for the term
OF two (2) years, one for the term Of four az
years and one for the term of six ~ years;
ana the persons so designated shall be known
as the trustees OF the permanent funds Of
such cemetery association, and, thereafter.
1T shall be the duty Of such Judge of
probate, or his successor in office, to
appoint member of such board every
two (g years; excepting, those first
appointed. such trustees shall hold their
office for the term of six (6) years and until
thelr successors are appointed and qualified.
such trustees, before entering upon the duty
of their office, shall each execute a bond run
sor IN office in such sum as he may determine,
not less than two thousand C2,000) dollars,
CONDITIONED upon the faithful performance
OF their duty. as such trustees and for the
paying over III the manner herein provided
any FUNDS coming into their hands. Said
bond shall be approved by the Judge of pro-
pate and be recorded in the office Of the reg
lister OF deeds OF the, proper county, and in
forced by an action in the name of the judge
OF probate for the use and benefit of such
cemetery association.
The said board Of trustees Of the perma-.
1n,,, fnr,y
take in their name as such trustees, by gift or
request, any property real or personal, and
shall also receive ten t10) per cent upon the
sale Of the lots Of such cemetery association,
such percentage to- be paid them yearly by
the trustees of the association.
In the case of gift or bequest of property.
other than money. said board of trustees Of
the permanent fund may retain such property
or convert the same into, cash All funds
coming into the hands OF the trustees of the
permanent funds for cemeteries may be III
vested i'll the same manner in which savings
banks of the State of Minnesota are permitted
to invest their funds: and not otherwise. and
the principal of such fund shall in all cases
remain intact and ir1violate. Said board of
the permanent fund shall ten 10) days be-
tore the annual meeting of the trustees of
the cemetery association in each year render
a statement of account Of the property in
their hands and under their control to the
treasurer of the association and shall at the
same time pay over to the treasurer all &C
cruing income and profits, interest ana rents
arising from such fund or the property held
by them as such trustees; and the receipt of
the treasurer shall be sufficient voucher
therefor. H.
SEC: q. Such income SO paid over shall be
used in the discretion of the trustees of such
association solely for the care, maintenance
and improvements such cemetery. its
grounds and avenues: provided, that If by
any bequest the care of any part of such Gem
etery is provided for the terms of beouest
shall be complied with; and provided FUR
Their, during the year for which any income
is paid over to the trustees of the ASSOCIATION
any part,o such income remains dHe2pend-
ed and stinappropriatedit shall be returned to
the trustees of the Permanent fund and be-
come principal of such fund. .lt%
SEe:5 notice of the appointment OF
such trustees shall be filed with the secretary
Of the association, and d proper record there
of and all proceedings pertaining thereto
shall be kept by the Judge Of probate in
book provided for that purpose. and the bond
required Of the. trustees of the permanent
which the trustee Is appointed and until his
successor is appointed and ,qualifed pro-
vldeds that the trustees of the association
may, when they deem It expedient, require
In case Of the death, resignation, disability
or removal Of any member or members OF the
board OF trustees of the permanent fund, the
judge of probate shall fill such vacancy by
appointment to be for the balance of, the
term and until the successor of the person
appointed is appointed, and qualified. In
case of the death, resignation. disability or
removal OF one or more Of the trustees of the
permanent fund all the rights title, power.
authority, franchises or trusts whatever ex-
listing in such trustee at the time of such
death, resignation. disability or removal
vest in the survivors or survivor until the va
cancy or vacancies SO occasioned shall be
filed, when the same shall in the same man.
ner vest IN the board as SO reconstructed; and