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Income from trust funds.

Springfield, Ill., City Code § 92.20
in effect
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§ 92.20. - Income from trust funds. The expense of managing, investing, and caring for the trust funds vested in the board shall be paid from the income of those funds. The net income from the investment of such trust funds, after management, investment, and care expenses, shall be allocated and used for the care of the lots and the general care and maintenance of the cemetery in accordance with the terms and provisions of the respective purchase agreements, trust fund care agreements, gifts, grants, devises, contributions, and bequests, the deeds issued by the board, the ordinances of the city and the laws of the State of Illinois. The term "net income" shall include income derived from both interest income and capital gain income resulting from the investment of the principal amount contained in the trust fund. (Ord. No. 114-2-91, 2-19-91)
Source: City of Springfield, Illinois, Code of Ordinances (Municode Library, library.municode.com)URL: https://library.municode.com/il/springfield/codes/code_of_ordinances?nodeId=TITIXGERE_CH92CE_ARTIIIBOMAOARICE_S92.20INTRFUFetched: 11/8/2026

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