LAST MINUTES OF THE
Robert Stone led in prayer. James J. Stone was appointed moderator, Mrs. Marcella Stone was appointed clerk and the authority invested in her to write letters of dismissal for those requesting them after the time of dissolution of the church.
The first order of business was a discussion of the deeding of the Mt. Olive Church property to the
A request for letters from Fellowship of the Church was granted to Mrs. Lois Moyers, Linda Stone and David Moyers.
A motion was made by Mrs. Ruth Stone to grant letters to all who requested them before the church disbands. Seconded by Ira G. Riley, Sr., Motion carried unanimously. Letters for Mr. And Mrs. Ira G. Riley Sr., were granted.
Mr. Ira G. Riley, Sr., made a motion to disband the
A motion to adjourn was made by Ira G. Riley, Sr., and Second by Robert Stone.
James J. Stone, Moderator
Mrs. James J. Stone, Clerk
The deed was signed on
OFFICERS AND DIRECTORS OF Mt. Olive Cemetery Association Incorporated are: James J. Stone, President; I. G. Riley Jr., Vice President; Mrs. Lois Franklin Moyers, Secretary; Douglas Stone and Jack Judkins.
The Mount Olive Cemetery Association Incorportated received the deed to the church property on
THIS AGREEMENT, made and entered this 19th day of March, 1971 by and between MOUNT OLIVE CEMETERY ASSOCIATIN, hereinafter referred to as GRANTOR, and LOUIS GENE FOOT, hereinafter referred to as TRUSTEE, WITNESSETH:
WHEREAS, the Mount Olive Cemetery Association is presently incorporated as a non-profit corporation under the laws of the State of
Six (6) acres in the Southwest Corner of the Southeast Quarter of the Northeast Quarter of Section 26, Township 15 North, Range 6 West, Dimensions – about 10 chains long (North and South) by 6 chains Wide (East and West).
WHEREAS, certain persons have made contributions totaling $1,500.00 into a fund held by James Stone, President of said corporation, to be used for the above purpose, said contributions being Mr. and Mrs. Robert M. Stone, Lula McKinney, Mr. and Mrs. Julius Trim, Mr. and Mrs. Zack Boykin, Vonnie Bailey, Mr. and Mrs. Henry Stone, Mr. and Mrs. Harry Smith, Mr. and Mrs. Thomas Adair, Mr. and Mrs. Cecil Rowley and Mr. and Mrs. James Stone; and
WHEREAS, it is the desire of said contributors and of said corporation to establish a trust fund, the income of which shall be used for the purposes hereinafter set forth.
It is therefore, mutually agreed by and between the parties as follows:
GRANTOR hereby conveys, assigns, pays, transfers, and delivers to TRUSTEE the sum of $1,500.00, the receipt of which is hereby acknowledged, to be held in perpetual trust upon the terms hereinafter set forth.
TRUSTEE is hereby authorized to accept and receive any other property or money transferred or paid over to it by GRANTOR or any person to constitute a part of the trust fund hereby created and to be held, invested, managed and disbursed by TRUSTEE in accordance with the provisions hereof. The fund described in paragraph 1 hereof plus any other and further property or mony received under the paragraph shall be known as the TRUST FUND.
TRUSTEE shall hold, manage, invest and reinvest the TRUST FUND in such manner as it sees fit. All money in said TRUST FUND shall be placed in Certificates of DEPOSIT with Farmers Bank of similar type deposit. The interest and income shall be transferred to a separate account and shall be kept separate from the TRUST FUND. The TRUST FUND ACCOUNT shall be titled “MOUNT OLIVE CEMETARY PERPETUAL CARE TRUST FUND” and the interest and income account shall be titled “MOUNT OLIVE CEMETARY PERPETUAL CARE INCOME FUND.”
The income from the Trust fund shall be used for puposes of maintaining, preserving, and caring for Mount Olive Cemetary, including the care of Mausoleums, valuts, and graves. No portion of the TRUST FUND shall be used for said purpose, said TRUST FUND to remain inviolate.
It is hereby agreed that the Board of Directors of GRANTOR corporation and their successors in office shall constitute an advisory board to assist TRUSTEE in determining when expenditures are needed and the amounts thereof.
GIVEN UNDER OUR HANDS the day and year first above written.
MOUNT OLIVE CEMETARY ASSOCIATION
SIGNED: Louie Gene Foote BY James J. Stone
LOUIE GENE FOOTE JAMES J. STONE
Return to Home Page
Any commercial or for-profit use of this data is strictly prohibited!
Not all data has been verified. Your inputs are needed and welcomed. Thanks!
© 2009 by James R. Shell, II