1996-10-08-TPT-min - Laserfiche WebLink

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TOWN OF LEXINGTON TRUSTEES OF PUBLIC TRUSTS Minutes of Meeting of October 8, 1996 A meeting of the Trustees was held at 8:00 P.M. at the home of David Williams, 1433 Massachusetts Avenue. Present were Trustees Alan S. Fields, David G. Williams and Thomas G. Taylor, and Secretary Sheryl Mason. The minutes of the June 4, 1996 meeting were reviewed and approved. It was voted to approve the sales and purchases of securities on June 3, 1996 and August 22, 1996 described in letters dated June 7 and August 28, 1996 from Fleet Bank. It was voted to approve a transfer from the Bridge Charitable Fund to the Human Services Fund of $4000, $2000 to be paid now and $2000 after the first of the year. Dave talked to Marcia Dane who established the Elsa W. Regestein Fund in the 1930's. Miss Dane agreed that income shall be added to principal in this fund until the _ principal balance reaches $5000. AOaggj nod f J .c am p-,-,61 At the request of Brian Gilbert, Supt. of Public Grounds, it was voted to give $1000 from theMiliken Fund and $1000 from the Taylor Tree Fund to the Town for planting 16 shade trees on Town Streets. It was voted to give not more than $500 from the George Gilmore Fund to the Town to restore the antique bas - relief given to the Town by Marion E. Hunt. A payment of $150 to Boston Edison was approved from the Tenney Memorial Fund for lighting the flagpole. It was voted to transfer $3000 from the George Gilmore Fund to the Ella Stone Scholarship Fund to be added to principal. This will make the Stone fund large enough to be able to give a named scholarship in future years. It is the intention of the Trustee to make similar transfers in future years to other small scholarship funds for the sant? purpose. Next meeting: Tuesday February 11, 1997 at 8:00 P.M. at the home of Tom Taylor, 64 Marrett Road. Tom Taylor, Secretary