Jones agrees to pay legal fees to reorganize fund and its trustees
J.R. Jones has agreed to pay the legal fees to update, amend or change the perpetual trust and its board members for the Flomaton Cemetery that was first approved on March 26, 1960 that now doesn’t meet the upkeep needs of the cemetery.
When the original agreement was filed through the Escambia County Circuit Court, the postmaster, president of Escambia County Bank and the mayor were named as trustees. The agreement said the three could authorize spending only the interest to maintain the cemetery. Today, the principal of the trust is about $200,000 and with low interest rates, there is not en...