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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