1991-04-12-TPT-min - Laserfiche WebLink

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{ " Town of Lexington Trustees of Public Trusts Minutes of Meeting A meeting of the Trustees was held at 12 :00 noon on April 12, 1991 at 265 Franklin Street, Boston, Massachusetts. Present were Trustees Alan S. Fields, Thomas G. Taylor and David G. Williams, and Sheryl Mason. The minutes of the meeting of February 28, 1991 were read and accepted. It was voted to approve the purchase on March 28, 1991 for the Westview Cemetery Fund of 100 shares of American International Group and $50,000 GTE debentures 8.85 due 3/1/91. It was voted to accept the Lexington Community Playground Fund upon the terms set forth in a letter from Kerry Brandin dated March 22, 1991, a copy of which is attached to these minutes. It was voted to approve the payment of $300.00 from the Hayes Fountain Fund to the Lexington Field and Garden Club for flowers for the fountain. The chairman had received a request from Cary Memorial Library for an additional $1,000 donation to pay for the Philipowski statue. It was voted to make this payment from the George L. Gilmore fund. It was brought to the attention of the Trustees that the principal balance of the F. Foster Sherburne and Tenney Sherburne Fund was originally $25,000, but now appears on the books as being $24,000. It was voted to transfer $1,000 from income to principal to restore the principal balance to the original amount. Mr. Williams reported that the Hampton Road Tree Fund was originally established by the developer of the Hampton Road subdivision to replace any trees which died. The tree warden has reported that all of the trees are living and healthy and that this fund is no longer necessary. Subject to a confirmation from the tree warden, it was voted to close out the Hampton Road Tree Fund and transfer all principal and interest to the George W. Taylor Tree Fund. The Trustees received and reviewed a report from Steven Baran showing income and expenditures of the Lexington Human Services Fund for the period from January 1, 1991 through March 31, 1991.