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

["S. Hieber" <shieber@yahoo.com>]

I vote yes.
 
sh
----- Original Message ----- 
From: "Erik Olson" <erik@thekrib.com>
To: "Aquatic Gardeners Association Board" <aga-sc@thekrib.com>
Sent: Saturday, December 24, 2005 6:47 PM
Subject: Re: [AGA-sc] Resolution to open savings account


> 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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> AGA-sc@thekrib.com
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> 


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