Section 553. Trustee of cemetery lots

Any person, persons or corporation
  owning or interested in a lot or lots in any cemetery in this state  may
  create a trust in perpetuity for the maintenance of such cemetery lot or
  lots,  the  preservation of a building, structure, fence or walk in such
  cemetery, the renewal or preservation of a tomb, monument, stone, fence,
  railing or other erection or structure on or around any of such lots, or
  the planting or cultivation of trees, shrubs, flowers or  plants  in  or
  about the same, or for any of such purposes, by transferring, conveying,
  devising  or  bequeathing to the county treasurer of the county in which
  such cemetery is located, real or  personal  property,  and  designating
  such  county treasurer as trustee in the instrument creating such trust.
  Such instrument may direct that the income derived  from  such  property
  shall  be  applied  to  one  or  more  of the purposes specified in this
  section. A county treasurer  designated  as  trustee  pursuant  to  this
  section  must  accept  the property so transferred and, within five days
  after the receipt thereof, shall give notice by registered mail  to  the
  cemetery  association or cemetery corporation or other entity owning the
  cemetery that such property has been received pursuant to  this  section
  for  the  purposes provided for in the instrument creating the trust and
  such treasurer shall cause the same to be invested  in  accordance  with
  the  terms  of  the  trust,  if  any are prescribed, and otherwise shall
  invest and re-invest such property in securities in which savings  banks
  are authorized to invest. The income derived from such property shall be
  collected  by  the county treasurer who shall be entitled to receive and
  deduct five per centum of such income for administering the  trust.  The
  balance  of  such  income  shall  be paid by the county treasurer to the
  cemetery association or cemetery corporation or other entity owning  the
  cemetery, and such cemetery association or cemetery corporation or other
  entity  shall accept the same and apply the money so received, so far as
  the same may be applicable, in furtherance of the purpose for which such
  trust  was  created.  In  case  the  cemetery  association  or  cemetery
  corporation  should  become  extinct,  then  it shall be the duty of the
  supervisor of the town in which the cemetery is located, or the mayor of
  the  village  or  city,  if  it  is  located  in  a  village  or   city,
  respectively,  to  receive  the income from such trust and expend it for
  the purposes provided for in the instrument creating the trust.