[AGA-sc] Bond

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

I received a copy of the Bond for which about $500 is due. After giving it a 
quick scan of coverage, definitions and terms and conditions, it appears that 
it covers loss as the result of action of an "Employee" of the AGA, which is 
defined, briefly, as any compensated person transacting business of the AGA and 
who *is not* a Director or Trustee. So the Bond basically covers us for nothing 
since the Treasurer is and has been a Director of the AGA.
 
I recommend we pay what we have to thus far and cancel the policy.
 
Anyone see any reason to do otherwise?
 
sh
 
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