Chapter 1.84
CUMULATIVE RESERVE FUND FOR CEMETERY EQUIPMENT

Sections:

1.84.010    Fund created.

1.84.020    Source of funds.

1.84.030    Transfer of funds.

1.84.040    Statutory authority.

1.84.010 Fund created.

There is created a cumulative fund for municipal purposes to be known as the “cumulative reserve fund for cemetery equipment purchase, repair and maintenance of Sunset Memorial Park Mausoleums.” (Ord. 90-3 § 1, 1990).

1.84.020 Source of funds.

The moneys in the fund shall be funded and accrued to a total of fifty thousand dollars from the initial sale of crypts and niches in the Mausoleum addition after payment of the construction costs of the Rowley addition and perpetual care required by statute. (Ord. 90-3 § 2, 1990).

1.84.030 Transfer of funds.

The finance director of the city of Hoquiam is authorized and directed to transfer and pay into this cumulative reserve fund annually that amount of money accrued as specified in HMC 1.84.020. (Ord. 90-3 § 3, 1990).

1.84.040 Statutory authority.

This fund is established under and by virtue of the authority contained in RCW 35.21.070. (Ord. 90-3 § 4, 1990).