7-35-2147. Financial management of fund
7-35-2147. Financial management of fund. (1) The principal of such fund shall in all cases remain intact and inviolate. (2) The principal of such fund may be invested in the way in which public employees’ retirement funds are permitted to be invested in Montana and not otherwise, provided that each investment made by the trustee or by […]
7-35-2148. Disposition of fund income
7-35-2148. Disposition of fund income. (1) The income of that portion of such fund received from the sale of lots designated as perpetual care lots shall be used, in the discretion of the trustees of such public cemetery district, solely for the care, maintenance, and improvement of such cemetery lots and its grounds, roads, walks, and […]
7-35-2149. Notice to purchasers of cemetery lots of transfers to fund
7-35-2149. Notice to purchasers of cemetery lots of transfers to fund. After July 1, 1955, all public cemetery districts shall distinctly specify in all conveyances of lots therein the percentage of the price received therefor to be transferred under the provisions of 7-35-2131 through 7-35-2150 to the permanent care and improvement fund of such public cemetery […]
7-35-2134. Use of bank as trustee
7-35-2134. Use of bank as trustee. The board of trustees shall also have the power and authority to nominate any bank which is authorized to act as a trust company in Montana under state or federal law to be trustee of such trust fund. In that event the district court shall make appointment of such nominee […]
7-35-2135. Term of office for trustees of fund
7-35-2135. Term of office for trustees of fund. The tenure of office of the trustee or trustees of such fund shall be for the term of 3 years unless they permanently remove from the state of Montana or are removed from office by the judge of said district court for good cause shown or their tenure […]
7-35-2136. Vacancies
7-35-2136. Vacancies. In the case of the death, resignation, disability, or removal of any member or members of said board of trustees of said fund, the judge of said district court shall forthwith appoint a trustee or trustees to fill such vacancy or vacancies in the same manner as above provided in the case of an […]
7-35-2137. Compensation of trustees of fund
7-35-2137. Compensation of trustees of fund. (1) The trustee or the members of the board of trustees of such permanent care and improvement fund shall receive such compensation as may be agreed upon between such trustee or between such board of trustees of such permanent care and improvement fund on the one hand and the board […]
7-35-2138. Secretary for trustees of fund
7-35-2138. Secretary for trustees of fund. The secretary of the public cemetery district shall act as secretary of such trustee or as secretary of such board of trustees of such fund and shall keep a full record of their proceedings. History: En. Sec. 14, Ch. 165, L. 1955; R.C.M. 1947, 9-229.
7-35-2139. Bond requirements for trustees of fund
7-35-2139. Bond requirements for trustees of fund. (1) Before exercising or having any of the powers, duties, rights, titles, authorities, or franchises appertaining to the trust or trusteeship, each person chosen to be a trustee of the fund shall give to the public cemetery district for which the trust is maintained a bond in a sum […]
7-35-2140. Effect of failure to renew bond
7-35-2140. Effect of failure to renew bond. Any failure to renew bonds within 30 days after the time hereinbefore provided shall be a sufficient ground for the removal of any trustee within the discretion of the district court. History: En. Sec. 4, Ch. 165, L. 1955; R.C.M. 1947, 9-219(part).