Retention of portion of proceeds by benevolent, religious and charitable institutions

Benevolent, religious and charitable institutions which own, maintain and operate cemeteries under the laws of this state shall be permitted to retain ten percent (10%) of the gross proceeds of all lots sold by such an institution for the purpose of interment; and any sum so retained may be used by it in any manner which may further its legitimate objects. Laws 1910-11, c. 17, p. 34, Section 1.