10

10 ANNUAL REPORT.

PERPETUAL REPAIR OF LOTS.

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

DONATION IN TRUST. — “The Trustees may receive in trust from
a Proprietor any sum of money, the income of which shall be appro-
priated to the repair of his lot, according to the terms of trust
expressed in the form provided.”

PERPECTUAL 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 or town in Massachusetts, or in
first-mortgage 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 prin-
cipal 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 con-
tracted 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