Okla. Stat. tit. 11, § 11-26-109
This is the official text of Okla. Stat. tit. 11, § 11-26-109, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Cemetery Care Fund - Purchase of lands - Investment of
Official statutory text
fund.
In all municipally owned cemeteries where lots are sold or
charges made for interments, not less than twelve and one-half
percent (12.5%) of all monies received from the sale of lots and
interments shall be segregated and set aside as a permanent fund to
be known as the "Cemetery Care Fund". The Cemetery Care Fund
principal shall be expended for purchasing lands for cemeteries and
for making capital improvements as defined in Section 17-110 of this
title, if necessary. The balance of the fund may be invested in the
manner provided by law for investment of municipal funds. The
interest from the investments shall be used for the same purposes as
the principal or in improving, caring for, and embellishing the
lots, walks, drives, parks, and other necessary improvements on such
cemeteries.
In all municipally owned cemeteries where lots are sold or
charges made for interments, not less than twelve and one-half
percent (12.5%) of all monies received from the sale of lots and
interments shall be segregated and set aside as a permanent fund to
be known as the "Cemetery Care Fund". The Cemetery Care Fund
principal shall be expended for purchasing lands for cemeteries and
for making capital improvements as defined in Section 17-110 of this
title, if necessary. The balance of the fund may be invested in the
manner provided by law for investment of municipal funds. The
interest from the investments shall be used for the same purposes as
the principal or in improving, caring for, and embellishing the
lots, walks, drives, parks, and other necessary improvements on such
cemeteries.
Status: in_force · Read it on the official government site
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