The net proceeds arising from the sale of lots by such corporation and all other income and revenue thereof, after paying for cemetery ground, shall be exclusively applied, appropriated, and used in improving, preserving, and embellishing the cemetery and its appurtenances, and to paying the necessary expenses of the corporation, and shall not be appropriated for any purpose of profit to the corporation or its members.
Source: L. 1887: p. 70, § 3. R.S. 08: § 1050. C.L. § 2433. CSA: C. 41, § 230. CRS 53: § 31-26-4. C.R.S. 1963: § 31-22-4.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 47 - Cemetery Companies
§ 7-47-101. Who May Organize - Powers
§ 7-47-103. Land Surveyed and Platted
§ 7-47-104. Disposition of Proceeds of Sales of Lots
§ 7-47-105. Rights of Lot Owners
§ 7-47-106. Property Exempt From Taxes - Attachment
§ 7-47-107. Property Not Exempt - When