§ 11-2. Purpose of perpetual care fund.

The purpose of the perpetual care fund is to provide future funds sufficient to pay all or a portion of the operational and maintenance expenses of Glendale Memorial Park Cemetery when operations no longer produce revenue. The fund may be used to expand the cemetery by acquiring real property adjacent thereto, improving existing property, and making capital improvements, provided that the projected revenues to be generated from such expansion and improvements (including projected investment income) exceed the costs of acquiring the adjacent property, making the improvements, and operating and maintaining the property and improvements as a part of the cemetery.

(Ord. No. 1384 § 1, 10-1-85; Ord. No. 1982, § 1, 1-13-98; Ord. No. 2330, § 1 (part), 7-8-03)