IL SB1047

Board of Trustees of Rosehill Cemetery may invest reserve fund assets under Section 5 of the Trusts and Trustees Act as an alternative to the original investment provisions from the 1863 charter amendment.

Board of Trustees of Rosehill Cemetery may adopt bylaws to establish governance procedures, including determining the number of trustees and manner of their election, as an alternative to existing charter requirements.

These amendments modernize investment and governance rules for the reserve fund, which was established in 1863 to reach $100,000 for cemetery preservation, maintenance, and ornamentation.

The changes enable the Board of Trustees to manage the reserve fund according to modern investment principles while maintaining the fund's continued operation.