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Vaughan Fund Minutes 06/11/2013

JUNE 11, 2013
Chairman David H. Webster called the meeting to order at 6:30 p.m.. Trustees present included John C. Kareckas, Gerald W. MacPherson, and Jean Demetracopoulos. Town Manager Perry Ellsworth was also present. Trustee Russell Abell was not in attendance.
  1. 1.      Approval of Minutes of May 14, 2013 meeting
On a motion by Mr. MacPherson and seconded by Mr. Kareckas it was unanimously voted to adopt the minutes as written
  1. 2.      Take action on account status, fund transfer, and related tasks
Mr. Webster motioned ‘to close the Town of South Berwick E. Vaughan Fund account with Fidelity Investments (Acct # X20-263915), transfer the balance of those funds to Kennebunk Financial Services through LPI Financial to establish a new Town of South Berwick E. Vaughan Fund account, and to establish any and all associated accounts necessary to administer the Town of South Berwick E. Vaughan Fund.” Mr. MacPherson seconded the motion. There was no discussion and the vote to approve was unanimous.
  1. 3.      Vote to adjourn.
Ms. Demetracopoulos motioned to adjourn at 6:38 p.m. Second by Mr. Kareckas. All in favor
Respectfully Submitted,
Perry A. Ellsworth