Trustees Records, Vol. 2, 1854 (page 177)

177

1857, by providing that, instead of placing the income
at the disposal of the officers at the end of twenty
years, it shall not be made use of, until the accumu-
lated capital shall amount to the sum before men-
tioned, namely, one hundred and fifty thousand
dollars. _

With these views your Committee recommend the
passage of the following orders. _
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It is Ordered - by the Trustees of the Cemetery of
Mount Auburn, that in the month of December of each
year, the Treasurer of the Proprietors of the Cemetery of
Mount Auburn shall deposit with the Massachusetts Hos-
pital Life Insurance Company, if they will receive it on
as favorable conditions as other deposits, in trust for the
said Proprietors, a sum equal to one fifth part of the gross
proceeds of the lots and parts of lots, and intermediate
spaces between lots, which shall have been sold subsequently
to the first December in the year preceding; the interest of
which sums shall annually, or oftener, be added to the
capital for the purpose and upon the principles of accu-
mulation; until the whole of said deposits, with the
accumulated interest, shall amount to one hundred and fifty
thousand dollars. _

And when the said fund shall have amounted
to the sum of one hundred and fifty thousand dollars,
it shall be lawful for the Trustees, if they see fit,