The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1891-05-07

cisIlI uuuufcQ ana SlXCy-SeVen t1SoI), anu
of all acts amendatory thereof and supple
mentary thereto.
Be 1t enacted by the Legislature Of the State
Of Minnesota:
SECTION /. That all resolutions and all pro-
ceed1ngs had, taken or done by any savings
association formed and existing under and
by virtue of the provisions of section eleven
ull OF chapter twentythree (23) Of the Cen
eral Laws Of the year one thousand eight
hundred and sixty-seven 1850. and Of all
acts amendatory thereof and supplementary
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 10. 1901.
CHAPTER 4s-s. F. NO. eos.
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.
SECTION 1. Whenever the trustees Of any
cemetery association, not specially provided
TOT by chapter one hundred and sixty eight
lips) OF the General Laws of the State OF
Minnesota for the year one thousand eight
hundred and eighty seven QSS7), at any reg
ular meeting or special meeting by resou-
tlon adopted by two-tnilds vote of such
board, determine to constitute board OF
trustees OF the permanent fund for such
cemetery association. they shall file copy of
such resolution with the judge of PROBATE of
the county i'll which such cemetery associa-
ton Is situated, and thereupon it shall be the
duty OF such judge of probate to appoint
three (& persons who shall be resident free
holders or the town, city or village where
such 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-
Sh a do for ha
OF TWO (:) years, one for the term of four a.
years and one for the term of six (j) years;
and the persons SO designated shall be known
as the trustees of the permanent funds Of
1t shall be the duty OF such judge of
probate, or his successor in office. to
appoint member of such board every
two C9 years; excepting those first
appointed, such trustees shall hold their
office for the term of six (6) years and until
their successors are appointed and qualified.
such trustees, before entering upon the duty
of their Office, shall each execute bond run
ming to such judge of probate or his success
sor in office in such sum as he may determine,
not less than two thousand (2,U00) dollars,
conditioned upon the faithful performance
OF their duty as such trustees and for the
paying over in the manner herein provided
any funds coming into their hands. Said
bond shall be approved by the judge of pro-
bate 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-
nent funds of such cemetery association may
take in their name as such trustees, by gift or
request, any property real or personal, and
shall also receive ten (10) 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 in
vested in 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 inviOlate. Said board Of
the permanent fund shall ten l0) days be-
fore 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 ac-
crung income and profits, interest and 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.
SEC. .. Such income so paid over shall be
used in the discretion of the trustees Of such
and improvement of such cemetery. its
grounds and avenues; provided, that il by
any bequest the care of any part of such GEM
etery is provided for, the terms OF bequest
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 of such income remains unexpend-
ed and unappropriated it shall be returned to
the trustees of the permanent fund and be-
come principal of such fund.
SEC. 3, A notice of the appointment Of
such trustees shall be fled with the secretary
of the association, and proper record there
shall be kept by the Judge Of probate in
book provided for that purpose, and the bond
required of the trustees of the permanent
fund shall be given for the full term for
successor is appointed and qualified: pro-
vided. that the trustees of the association
may, when they deem it expedient, require
the renewal of such bond.
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 ill such vacancy by
appointment to be for the balance Of tho
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, powe r.
authority, franchises or trusts whatever ex
listing in such trustee at the time of such
death, resignation, disability or removal
shall at once without any act Of conveyance
vest IN the survivors or survivor until the va
cancy or vacancies so occasioned shall be
filled. when the same shall In the same man
ner vest in the board as so reconstructed; and
all newly appointed trustees shall at once
upon qualification succeed 10 an equal share
in all the rights, titles, powers. authority,
franchises or trusts belonging to such board,
and the same shall always be vested in the
members of such board as actually constt-
tuted,
SEC 4. In case of the death. removal, res
ignation or disability of all the members OF
the board Of trustees OF the permanent funds,
all the rights title interest authorities, pow
ers, franchises or trusts shall without further
act at once vest In the district court Of the
district in which such cemetery is situated, to
be exercised and discharged by the Judge Of
such court in trust for such cemetery associa-
ton until such board be constituted In the
manner herein provided.
SEC. s. The secretary of the cemetery asso-
citation shall act as secretary of the board Of
trustees of the permanent funds and shall
keep full record Of their proceedings, aud
none OF the trustees shall receive any fees or
compensation whatever.
SEC. 8. This act shall take erect and be In
force from and after the date of its passage
Approved April 81, 1891.
CHAPTER 4e-H. r. NO. 347.
An Act to validate and confirm the official
acts of notaries public to which their Of
fetal seals have not been affixed.
Be 1t enacted by the Legislature Of the State
of Minnesota.