Subdivision 1. Like school fund. A cemetery's directors or, if none, the town board shall invest the principal of the cemetery fund in the kind of securities that the permanent school fund may be invested in. This section controls the investment of the principal of the fund.
Subd. 2. County treasurer's duties. The town board and the cemetery directors may require the county treasurer to withdraw money from the depository for investment under this section. The securities invested in must remain with the county treasurer. The bond of the county treasurer is security for the proper care of the securities. The bond is also security for the payment to the cemetery directors of interest earned by the securities and received by the treasurer. On receiving payments on the securities the county treasurer shall deposit the payments in the county depository. The county treasurer also shall collect the interest on money loaned from the fund. The county treasurer shall then pay the money received and collected to the directors of the cemetery when they ask for it. Annually the county treasurer shall pay the cemetery directors all interest on money received or collected on money deposited or invested under sections 365.29 to 365.36, and principal as directed by the town board.
Subd. 3. Treasurer's report and statements. Before March 2 each year the county treasurer shall make a report to the town board. The report must have a statement of all money received by the treasurer under sections 365.29 to 365.36 during the last calendar year. The statement must include:
(1) the amount of money and the amount of securities in the permanent fund on the first day of the calendar year;
(2) the amount of money paid into the fund during the year;
(3) the amount of money invested in securities in the year;
(4) the amount of money and the amount of securities in the fund at the end of the calendar year;
(5) the amount of interest collected on the fund and turned over to the directors;
(6) the amount of excess interest returned by the directors, deposited in the treasury, and added to the permanent fund; and
(7) the amount of principal in the fund turned over to the directors at the direction of the town board.
(1023) 1911 c 224 s 10; 1917 c 161 s 9; 1986 c 444; 1987 c 229 art 8 s 1; 2008 c 187 s 6,7
Structure Minnesota Statutes
Chapter 365 — Town General Law
Section 365.01 — 1906 Boundaries Remain Unless Changed By County.
Section 365.02 — Town Corporation May Sue, Own Property, Make Contracts.
Section 365.025 — Contracts; Time Payments; Petition On Big Buys.
Section 365.04 — Property To Or For Use Of Town Is Town Property.
Section 365.05 — Deed Of Town Land; Formalities; Interest Given.
Section 365.07 — To Pay Officers And Expenses; To Raise Money.
Section 365.08 — Town Damage To Private Road Is A Charge If Voted.
Section 365.09 — Charges Paid By Taxes Levied Under Chapter 275.
Section 365.10 — Annual Town Meeting; Powers Of Electors.
Section 365.11 — Notice Of Bylaw Required; Binds All In Town.
Section 365.125 — Ordinance Formalities; Publish, Post, Record.
Section 365.13 — Poundmaster Needed If Electors Want Pound.
Section 365.14 — Board To Tax For, Contract For, Manage Town Hall.
Section 365.15 — Police, Fire Protection.
Section 365.16 — Police And Fire Apparatus.
Section 365.17 — Joint Fire Equipment With Adjacent Towns.
Section 365.18 — Board Levy For Police And Fire Apparatus.
Section 365.181 — Contracted Fire Service; Cost Data; Assessments.
Section 365.19 — Relation Of Levies To Forestry Act, Levy.
Section 365.20 — Police, Fire, Water In Certain Platted Towns.
Section 365.21 — Special Election For Police, Fire, Water.
Section 365.22 — Conduct Of Election; Ballots, Voting, Hours.
Section 365.23 — Meeting For Section 365.20 Spending, Pacts, Tax.
Section 365.24 — Election May Revoke Earlier Grant Of Power.
Section 365.243 — County Fire Service To Unorganized Territory.
Section 365.26 — Cemetery Land; Board Control; Sale Or Lease; City Aid.
Section 365.27 — Sale And Reversion Of Lots; Use Of Funds.
Section 365.28 — Public Burial Ground Becomes Town Property After Ten Years.
Section 365.29 — Part Of Lot Price To Cemetery Fund; Use Of Funds.
Section 365.30 — Board Sets Lot Care Share; Use Of Funds.
Section 365.31 — Gift For Cemetery Or Lot; Use Of Funds For Care.
Section 365.32 — Deposit Of Cemetery Funds.
Section 365.33 — How County To Treat Town Cemetery Money.
Section 365.34 — If Depository Changed, Fund To Be Changed.
Section 365.35 — Fund Principal; Interest.
Section 365.36 — Investment Of Cemetery Fund.
Section 365.37 — Conflicts, Bids, Emergencies, Penalty, Removal.
Section 365.38 — Notify Clerk Before Suit; Wait 30 Days On Order.
Section 365.39 — Lawsuit With Town As Party Is Like Any Lawsuit.
Section 365.40 — Town Name In Suit; Exception; Service; Defense.
Section 365.41 — Judgment Against Town; Payment; Execution.
Section 365.42 — Amount Of Unpaid Judgment Added To Tax Levy.
Section 365.43 — No Debt, Spending Beyond Tax Limit Without Vote.
Section 365.431 — Amount Voted At Meeting Is Tax Limit.
Section 365.44 — Petition For Separation; Ballot At Town Meeting.
Section 365.45 — Petition For Dissolution; By County Board.
Section 365.46 — Notice To Secretary Of State, Others; Recording.
Section 365.47 — County's Disposal Of Town's Funds; Debt Levy.
Section 365.48 — County May Bond To Pay Debt Of Dissolved Town.
Section 365.49 — Property Of Dissolved Town Belongs To County.
Section 365.50 — First Town Meeting; Notice, Officers, Powers.
Section 365.51 — Annual Meeting; Notice, Business, Elections.
Section 365.52 — Special Meeting; For Any Lawful Purpose.
Section 365.53 — Clerk To Record Need To Meet; Give Notice.
Section 365.54 — Annual Meeting Time; Convener; Moderator; Pay.
Section 365.55 — Town Clerk Is Meeting Clerk; Minutes To Be Filed.
Section 365.56 — Order Of Business; Parliamentary Procedure.
Section 365.57 — Who May Vote; Challenges; Oath.
Section 365.58 — May Adjourn Meeting.
Section 365.59 — County To Appoint Officers If None Elected.