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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--
Erik Olson
erik at thekrib dot com
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