Trustees Records, Vol. 2, 1854 (page 176)

176

Report on the Permanent Fund

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"The undersigned, the majority of the Committee
appointed to report a plan for insuring the preservation
and continuance of the accumulating fund, _ have
considered the subject, and ask leave to report: _

Permanent Fund Report

That they find that the establishment of the
said Fund is an act generally received with favor
by the Proprietors whom they have conferred with; and
they have no doubt it will be universally approved,
when it is known that by it, the future prosperity of
the Cemetery will be secured. _ With a view to this
end, your Committee have taken into consideration the
means of securing the perpetual preservation of this safety
fund; and, after consulting some of the most sagacious
proprietors, they have come to the conclusion to recommend
the adoption of an order by the Trustees, that in all
the deeds of lots which shall hereafter be issued, there
be inserted a covenant, that this fund shall be in-
creased by yearly additions and by the accumulation of
the interest, until it reaches the sum of one hundred
and fifty thousand dollars; _ when the interest, and
that alone, may be applied, if the wants of the Corpo-
ration require it, to the payment of the expenses of the
Cemetery. If the Trustees in office at that time shall
not need the income of this fund for expenses, they can
if they see fit, permit it to accumulate still longer. _

In order to carry this design into effect, it will be ex-
pedient to amend the proposition adopted January 5^th,