1992-03-04-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 March 4, 1992 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 November 1, 1991 meeting were approved. The following portfolio transactions in the Endowment Fund since the last meeting were approved: Purchase -- 200 shares Conagra Purchase -- 100 shares Pfizer Incorporated Purchase -- 100 shares Chubb Corp. Purchase -- 100 shares Caterpillar, Inc. Purchase -- 100 shares AT &T Purchase -- 100 shares IT &T Sold -- 50 shares Coca Cola Sold -- 100 shares HJ Heinz The Chairman reported that the Endowment Fund, as of the end of February, is near 30 percent in equities, 3022rcent being the maximum approved at the November meeting. The Trustees reviewed and approved the report of Steven Baran, Human Services Coordinator for the Human Services Fund. Je The Trustees have received additions to the Lexington,/ TR n J. Education Fund, a new fund established by the Friends of the Lexington Council on Aging, and a fund established by the Lexington Conservation Commission called the Lexington Nature Trust Fund. The Trustees approved a request of $300 from the Lexington Field and Garden Club to be taken from the Hayes Fountain Fund. It was voted to pay the following amounts from the following funds for scholarships to be presented at the high school awards night: 2 -$150 scholarships from the Hallie C. Blake Fund $100 from the Charles E; French Fund 3-$500 scholarships from the Harrington Memorial Fund $750 from the Richard Isenberg Fund 4 -$350 scholarships from the F. Foster and Tenney Sherburne Fund