796

LAWS OF MARYLAND.

CHAP. 648.

be for the purpose of sepulchre only, and not in any manner
to be subject to attachment or execution for debt, nor to
public taxation of any kind, nor affected by the insolvent
laws of the State, but the estate of owner or owners shall
descend as real estate to their heirs, and may be devised
by will, or may be disposed of by the owner by sale, with the
approval of the board of directors. The ownership of any
lot so sold and conveyed as aforesaid shall in all respects have
the same effect as any conveyance from said corporation would
have if executed, acknowledged and recorded as conveyances
of real estate of the laws of this State.

Money to be
invested.

SEC. 6. And be it further enacted, That money appropriated
by bequest, will, or subscription, sales of lots, or from whatso-
ever source, coming into the hands of the said board of
directors, such moneys shall be invested by the said board of
directors.

Books to be
kept, etc.

SEC. 7. And be it further enacted, That the secretary of
said board of directors shall keep books in which shall be
recorded the proceedings of all meetings, plats and plans of
grounds, also an account of the sales and transfers of lots, and
the names and owners of the same, and all by-laws, rules and
regulations of the said body, and each and every transaction
of said board of directors.

Lota to be
kept in good
condition
forever.

SEC. 8. And be it further enacted, That said board of
directors shall have power to make agreements with any lot
owner, trust company, individual or agent for such amount of
money paid to said board of directors as is agreed upon to
assure such lot owner or owners, their assigns or agents, a
guarantee that said lot or lots thus agreed upon shall forever
be kept in good condition.

Endowment
fund.

SEC. 9. And be it further enacted, That the said board of
directors shall create an ''Endowment Fund," said fund never
to be spent, but the interest of eame may be used for beauti-
fying grounds, purchasing additional ground, and improving
same. That it shall be unlawful for said board of directors
to upend money or moneys paid into said "Endowment Fund,"
and shall be a violation of said charter to spend any of said
"Endowment Fund."

Certificate of
membership
issued.

SEO 10. And be it further enacted, That the said board of
directors are authorized to issue a certificate of membership
to each and every person who may contribute to the amount
of ten dollars ($10) or more to the association, also a certificate
of membership to each and every one of the lots, and as
many certificates as owner of lots, and that in the annual
election each certificate of membership shall be considered
one vote.