safewise logo
78 Sunny

Vaughan Fund Minutes 10/16/2012

Vaughan Fund
October 16, 2012
 
 
The meeting was called to order at 6:32pm.  Trustees present included Gerald W. MacPherson, Sr., Jean Demetracopoulos, David H. Webster and John C. Kareckas.  Town Manager Perry Ellsworth was also present.
 
Approval of Minutes
 
1. 5-22-12:  On a motion by Mrs. Demetracopoulos, seconded by Mr. Webster, it was unanimously voted to adopt the minutes as written.
 
New Business
 
1. On a nomination by Mrs. Demetracopoulos, seconded by Mr. Kareckas, it was unanimously voted to elect David H. Webster as Chairman Pro Tem.
 
On a nomination by Mrs. Demetracopoulos, seconded by Mr. Kareckas, it was unanimously voted to elect Gerald W. MacPherson, Sr. as Treasurer.
 
The Trustees briefly discussed the investment strategy of the Fund and agreed to hold a workshop to gather more information from investment specialists.
 
ADJOURNMENT
 
On a motion by Mrs. Demetracopoulos, seconded by Mr. MacPherson, it was unanimously voted to adjourn the meeting at 6:48pm.
 
 
 
 
 
 
Attest:
 
 
 
 
 
Barbara Bennett, CCM
Town Clerk