1895-01 Sixty-Third Annual Report. Mount Auburn Cemetery. January 1, 1895.

11 MOUNT AUBURN CEMETERY. PERMANENT FUND. Deposited with Massachusetts Hospital Life Insurance Company, as per last report. $330,880.76. Deposited in December, 1894 $8,031.42 Interest 5,187.09 13,218.51 $344,099.27

THE OTHER PROPERTY OF THE CORPORATION

Consists of nearly 136 acres of cemetery grounds, with avenues and paths, water works for the supply of fountains and watering purposes, and underground pipes and drains, chapel and statuary, observatory, receiving tomb, gateway and othér structures, reception house, and 5,620 feet of land on Mount Auburn Street, Superintendent’s house, greenhouses, and 59,936 feet between Brattle and Mount Auburn streets, the Coolidge Lot on Grove Street, containing about six acres, the Bird Lot on Sawin and Cottage streets, containing about 44,000 square feet, and the Stone meadow on the east side of Coolidge Avenue, containing about five acres, on which are located the stables and other buildings.

Respectfully submitted,

H. B. MACKINTOSH, Treasurer. Boston, Jan. 1, 1895.

This certifies that we have examined the books and accounts of the Treasurer of the Proprietors of the Cemetery of Mount Auburn for the year eighteen hundred and ninety-four, and have found them correctly kept and properly balanced, with satisfactory vouchers for all payments.

The certificates of stock and other evidences of property were found in accordance with the statements of his accounts.

In the general account there appears to be a balance in the hands of the Treasurer of $12,744.58, and in the fund for repairs, $13,821.82.

T. QUINCY BROWNE, } Committee on Finance. HENRY 8. SHAW, }

JANUARY 17, 1895,

12 ANNUAL REPORT:

PERPETUAL REPAIR OF LOTS.

It is provided by Art. VIII. of the By-laws as follows : —

Donation 1n Trust. — “The Trustees may receive in trust from a Proprietor any sum of money, the income ot which shall be appropriated to the repair of his lot, according to the terms of trust expressed in the form provided.”

PERPETUAL REPAIR, WITH GUARANTY. — “The Trustees may also guarantee the perpetual repair of lots, upon the payment of such a sum as the Committee on Lots shall deem sufficient for that purpose, a form for which is also provided.”

“ All such sums shall collectively constitute a separate fund, called the ‘ Repair Fund,’ and shall be invested in the public debt of the United States, or in that of the State of Massachusetts, or in the debt of any of the counties, cities, or towns of this State, or in mortgages of real estate In any city in Massachusetts, or in firstmortgage bonds, or debenture bonds of railroads not mortgaged, of any railroad company incorporated under the authority of this Commonwealth, which has earned and paid regular dividends for the two years next preceding such investment.”

“Each lot in relation to which such a contract shall have been made shall be credited, in a book kept for the purpose, with the principal sum paid on account of said lot; and at the close of each year a ratable proportion of the net income of the whole Repair Fund shall be carried to its credit, in conformity with the terms of said contracts.”

RECONVEYANCE IN TRUST.—“ A Proprietor who shall have contracted with the corporation for the care and preservation of his lot forever, desiring to place the same in perpetual trust, for the purpose of restricting the right of burial, or for any other legitimate object, may, with the consent of the Committee on Lots, reconvey such lot to the corporation, to hold the same forever, for the uses and trusts

MOUNT AUBURN CEMETERY. 13

expressed in his deed of reconveyance ; reserving to himself, and to such as may be beneficiaries thereunder, the right of admission, and such supervision as may not be inconsistent with the rights which have vested in the corporation.”

Annexed to the GUARANTER CONTRACT is a report by the Superintendent, with drawings, describing in detail the condition of the lot and structures thereon. The amount deposited is an insurance FOREVER that the lot and its belongings shall always be maintained in the condition shown in the report, which is made the basis of the contract.

To cover all the contingencies of the near and remote future, a sum is fixed, the income of which will be sufficient to provide for the care of the grass, including resodding, and the repair and renewal of such tomb, curb, monument, or headstone, as shown in Superintendent’s report.

If any monument, or headstones are added subsequent to the contract, they can be covered in the same manner.

After a contract for perpetual repair, with guaranty, has been made, the lot may be reconveyed to the corporation im trust, naming in the deed the persons thereafter to be interred. . The é:tle to the lot being thus vested in the corporation, a perfect security is given that the wishes of the proprietor will be carried out.

Under the contract for DONATION IN TRUST, the zncome of any sum deposited is applied to the care and preservation of the lot.

The necessary forms for provision by will for the above are given herewith.

J. W. LOVERING,

Superintendent.

14 ANNUAL REPORT.

CEMETERY OF MOUNT AUBURN.

FORM FOR CLAUSE IN WILL TO BEQUEATH MONEY FOR ‘ PERPETUAL REPAIR, WITH GUARANTY,” OF LOT.

I hereby direct my executors to pay to the Proprietors of the Cemetery of Mount Auburn such sum of money as may be found necessary to obtain from said corporation a contract fom@®he Perpetual Repair, with Guaranty, of my Lot, No. on the way called in said Cemetery.

FORM FOR CLAUSE IN WILL DIRECTING ‘‘ RECONVEYANCE OF LOT TO CORPORATION IN TRUST.”

[Reconveyance is only accepted after a Contract for Perpetual Repair, with Guaranty, has been made.]

I hereby authorize and empower my executors to reconvey my Lot, No. , in trust, to the Proprietors of the Cemetery of Mount Auburn, in consideration of the Contract of Perpetual Repair, with Guaranty, for the purpose of securing it as a burial place for myself and the following persons :

and no other interments to be allowed.