Chap. 0351 An Act to authorize the treasurer and receiver general of the commonwealth to receive and hold moneys devoted to the perpetual care and maintenance of any cemetery ln the commonwealth not owned by a corporation, or of any lots therein.

Be it enacted, etc., as follows:
Section 1. The treasurer and receiver general of the Commonwealth is hereby authorized to receive from any
person any sum or sums of money which have been or shall be declared by instruments in writing to be intended for the perpetual care, maintenance, improvement or embellishment of any cemetery in the Commonwealth not owned by a corporation, or of any lots or plots therein.
Section 2. The treasurer and receiver general shall receive and receipt in the name of the Commonwealth for all moneys paid to him for any of the purposes specified in section one, and the person making such payment shall at the time of making the same deliver to said treasurer a copy of the written instrument declaring the purpose for which the money so paid is intended, and such person shall also file a copy of said written instrument in the office of the secretary of the Commonwealth.
Section 3. The said treasurer shall from time to time invest in the name of the Commonwealth, in bonds or other obligations of the Commonwealth, or in securities in which the treasurer is authorized to invest moneys in behalf of the Commonwealth, all mone}*s paid to him under the provisions of this act; and on the first days of February and August of each year he shall pay over to the treasurer of any unincorporated association owning any cemetery, for the care, maintenance or improvement of which, or of any lot therein, any moneys have been paid to him, the accrued interest of such moneys; but if such cemetery is not owned by any association then the accrued interest shall be paid to the city or town in which the cemetery is located.
Section 4. At the time of paying the accrued interest the treasurer and receiver general shall inform the person to whom the payment is made of the purpose to which the money is to be applied, as stated in the written instrument filed with the treasurer, and it shall be the duty of the person to whom such payment is made to apply the money to the purpose stated by the treasurer of the Commonwealth.       Approved May 1, 1901.