§ 160A-347. Perpetual care trust funds. - North Carolina Statutes

§ 160A‑347. Perpetual care trust funds.

(a)        A city is authorized to create a perpetual care trust fundfor any cemeteries under its ownership or control, to accept gifts, grants,bequests, and devises on behalf of the perpetual care trust fund, to depositany revenues realized from the sale of lots in or the operation of citycemeteries in the perpetual care trust fund, and to hold and administer thetrust fund for the purpose of perpetually caring for and beautifying the city'scemeteries. The city may make contracts with the owners of plots in citycemeteries obligating the city to maintain the plots in perpetuity upon paymentof such sums as the council may fix.

(b)        The principal of perpetual care trust funds shall be heldintact, and the income from such funds shall be used to carry out contractswith plot owners for the perpetual care of the plots, and to maintain andperpetually care for the cemetery.

(c)        Perpetual care trust funds shall be kept separate and apartfrom all other city funds, and shall in no case be appropriated by, lent to, orin any manner used by the city for any purpose other than the perpetual care ofcity cemeteries. (1917, c. 136,subch. 9, s. 1; C.S., ss. 2810, 2811, 2812; 1927, c. 254; 1971, c. 698, s. 1.)