Trustees Records, Vol. 2, 1854 (page 178)

178

to withdraw the income thereof, and appropriate the
same to the care, preservation, and keeping in order
of the Cemetery and its appurtenances, to the payment of
the salaries, and to the other necessary expenses of the
Institution: And by vote of four fifths of the Trustees
for the time being, they may withdraw from time to time,
the principal of the said fund, and invest the same
as _____ hereinafter is prescribed.

If at any time the Trustees ^^deem the Massachusetts
Hospital Life Insurance Company, to be an unsafe
place of deposit of the said fund, and shall by a
vote of a majority of all the members of the board so
declare of record, the said fund may be withdrawn
from the custody of the said Insurance Company, as soon
as by the conditions of the deposit it may be, and shall
then be invested in the name of the Proprietors of the
Cemetery of Mount Auburn, upon the same trusts, in the
Public Debt of the United States, or in that of the State
of Massachusetts, or in the debt of the City of Boston, or
the City of Charlestown, or the City of Roxbury, or the City
of Cambridge, or in mortgages of real estate in Boston;
provided that no mortgage shall be taken for a sum
exceding two thirds of the value of the estate as it stands,
when taken, on the valuation books of the assessors
of the city taxes; nor for a period exceeding five years;
nor, in which the interest shall not be paid as often
as annually; to which shall be added, insurance
against fire by some competent insurance Company
in Boston, for the amount of the loan, or such pro-
portion thereof as the value of the buildings on the land