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| | SB1241 Enrolled | - 2 - | LRB104 02961 JDS 12977 b |
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1 | | apply the income perpetually for the care of the cemetery lot |
2 | | or the care and maintenance of the cemetery, as specified in |
3 | | the gift or bequest and as provided by motion of the township. |
4 | | Every gift or legacy for any purpose mentioned in this Section |
5 | | made to a cemetery by its name, if the cemetery has a board of |
6 | | managers appointed under this Section, shall vest in the board |
7 | | of managers and take effect to all intents and purposes as if |
8 | | made to that board. The gift or legacy shall not fail merely |
9 | | because the cemetery is not incorporated. |
10 | | (c) The board of managers, as soon as may be convenient |
11 | | after their appointment, shall meet and organize by selecting |
12 | | one of their number to be president and another of their number |
13 | | to be clerk of the board. The board also shall select a |
14 | | treasurer of the board, who may or may not be one of their |
15 | | number and who, before entering upon the treasurer's duties, |
16 | | shall execute a bond to the People of the State of Illinois for |
17 | | the use of the board of managers in a penal sum not less than |
18 | | double the value of the money or property coming into his or |
19 | | her possession as treasurer, conditioned for the faithful |
20 | | performance of his or her duties and for the faithful |
21 | | accounting for all property that, by virtue of the office, |
22 | | comes into the treasurer's possession. The bond shall be in a |
23 | | form and with sureties approved by the township collector or, |
24 | | if the township has no township collector, the township |
25 | | supervisor and shall be approved and preserved in the same |
26 | | manner, as near as may be practicable, as is the bond of the |