Re: [AGA-sc] Resolution to open savings account

[Larry Lampert <l_lampert@yahoo.com>]

I vote yes.

--- Erik Olson <erik@thekrib.com> wrote:

> Sounds reasonable.  I second this one.  Please vote
> yes or No.
> 
>    - Erik
> 
> On Sat, 24 Dec 2005, S. Hieber wrote:
> 
> > What else is there to do on Christmas eve but
> think about money? I am confident that the AGA will
> be maintaining cash assets exceeding its annual
> operating expenses. So it makes sense to move a
> portion of the assets out of checking and into
> another form of account. Hah, you probalby thought I
> already did this. Alas, I've meant to set up a
> savings account for quite a while. We can consider
> other forms of desposit (CDS, money market, etc.)
> once we figure out what uses we might have for the
> assets.
> >
> > Therefore, I move that the Board resolve that
> >
> > 1) the AGA open a second demand deposit bank
> account, as an interest bearing account, in the
> state of NJ, subject to the applicable laws and
> regulations and
> >
> > 2) the Treasurer be the authorized signer on the
> account,
> >     move funds between the AGA bank accounts as is
> in the interests of the AGA,
> >     maintain auditable records of account
> activity, and
> >     report thereon to the Board periodically and
> upon its request.
> >
> > Scott Hieber
> > _______________________________________________
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> > AGA-sc@thekrib.com
> > http://lists.thekrib.com/mailman/listinfo/aga-sc
> >
> 
> -- 
> Erik Olson
> erik at thekrib dot com
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> 

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