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

["Dorothy Reimer" <dreimer@wwdc.com>]

Yes

Dorothy
----- Original Message ----- 
From: "Cheryl Rogers" <cheryl@wilstream.com>
To: "Aquatic Gardeners Association Board" <aga-sc@thekrib.com>
Sent: Saturday, December 24, 2005 7:17 PM
Subject: Re: [AGA-sc] Resolution to open savings account


> yes.
>
> Cheryl
>
> 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
> >
> >
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