Disposition of proceeds of sales of lots

7-47-104. Disposition of proceeds of sales of lots. The net proceeds arising from the sale of lots by such corporation and all other income and revenue thereof, after paying for cemetery ground, shall be exclusively applied, appropriated, and used in improving, preserving, and embellishing the cemetery and its appurtenances, and to paying the necessary expenses of the corporation, and shall not be appropriated for any purpose of profit to the corporation or its members. Source: L. 1887: p. 70, � 3. R.S. 08: � 1050. C.L. � 2433. CSA: C. 41, � 230. CRS 53: � 31-26-4. C.R.S. 1963: � 31-22-4.