HomeMy WebLinkAbout1995-04-04-TPT-minTOWN OF LEXINGTON
TRUSTEES OF PUBLIC TRUSTS
Minutes of Meeting
A meeting of the Trustees was held at 12:00 noon on April 4, 1995 at the office of
Alan Fields at 125 High Street, Boston, Massachusetts. Present were Trustees Alan S.
Fields, David G. Willliams and Thomas G. Taylor, and Secretary Sheryl Mason.
The minutes of the meeting of November 1, 1994 were reviewed and approved.
The chairman reported meeting with Dan Fenn, and the Selectmen will announce
soon the formation of a community fund to be managed by the Trustees. We will consider
making a contribution to this fund when it has been established.
The Trustees received a request from the Lions Club for help in funding the
installation of new lighting for the Minuteman Statue. It was voted to provide $1000 from
the Albert Tenney Memorial Fund.
It was voted to approve the sales and purchases of securities described in letters
dated November 21, 1994 and January 6, 1995 from Shawmut Bank attached to and made
a part of these minutes.
We will acknowledge receipt of $5000 to be added to the Schumacher Trust. Fund.
Trustees Williams and Taylor met with the Directors of the Outlook Club, which is
considering turning over its scholarship fund to the Trustees. A decision is immanent.
It was voted to take $374.20 from the George Taylor Flag Fund to reimburse the
Town for the purchase of flags.
The Trustees voted to make available for scholarships the following amounts from
the following funds:
Sangwook Ahn
Hallie C. Blake
Anne E. Borgesani
Bettie Clarke
June Denk
French School
Harrington Memorial
$200
$300
$500
$400
$200
$200
$2000 plus $2000 to PTA Council later
Shawmut Investment Advisers
446 Main Street, WO -1025, Worcester MA 01608
Tel 508 793 4185, Fax 508 793 4173
January 6, 1995
Mr. Alan Fields
Harbor Capital Management Co.
265 Franklin Street
Boston, Ma. 02110
Re: Town of Lexington Endowment Fund
Dear Alan:
Sold: 100 shares Coca Cola Co. @ 51.00 on 12/15/91, Misc. -,17, Comm.12.00
$ 5,0$7.83.
.150 shares General Motors Corp. @ 37.75 on 12/15/91 Misc..19,Cornm. 18.00
$ 5,644.31.
Purchased: 200 shares General Electric Co. @ 49.00 on 12/15/91 Comm. 24.00
$ 9,824.00.'
50,000 Federal National Mortgage Assn. @ 99.7343 7.60% 1/10/97
Principal $ 49,867.1=9, Interest $ 1,678.33.
As an indication of your approval of the above transaction, would you please sign and
return the enclosed copy of this letter.
Sincerely,
ry ;
1,f
Bernice Hohier
' Administrative Assistant
Enclosure
a/e 6407809
Shawmut investment Advisers
446 Main Street, WO -1025, Worcester MA 01608
Tel 508 793 4185, Fax 508 793 4173
January 6, 1995
Mr. Alan Fields
Harbor Capital Management Co.
265 Franklin Street
Boston, Ma. 02110
Re: Town of Lexington Westview Cemetery
Dear Alan:
'Sold: 100,000 Bankers Trust New York 7.125% 7131/02 Corp. Nt. @ 90.022
on 12/15/94 Principal $ 90,022.00, Interest $ 2,810.42.
200 shares J P Morgan & Co @ 57.625 Misc..39, Comm. 24.00
$ 11,500.61.
Purchased: 50,000 Federal National Mortgage Assn 7% ;8/12/02 on 12/16/94
Principal $ 46,593.75, Interest $ 1,205.56.
100,000 Federal National Mortgage Assn. 7.60% 1/10/97 on 12/16/94
Principal $ 99,734.38, Interest $ 3;356.67.
As an indication of your approval of the above transaction, would you please sign and
return the enclosed copy of this letter.
Sincerely,
Bernice Hohler
Administrative Assistant
Enclosure
a/c 6408200
Shawmut Investment Advisers
446 Main Street, W0 -1025, Worcester MA 01608
Tel 508 793 4185, Fax 508 793 4173
January 6, 1995
Mr. Alan Fields
Harbor Capital Management Co.
265 Franklin Street
Boston, Ma. 02110
Re:Town of Lexington Munroe Cemetery
Dear Alan:
Purchased: 50,000 Federal National Mortgage Assn. 7.60% 1/10/97 on 12/16/94
Principal $ 49,867.18, Interest $ 1,678.33.
As an indication of your approval of the above transaction, would you please sign and
return the enclosed copy of this letter.
Sincerely,
.f ,
,
Bernice Hohler -
Administrative Assistant
Enclosure
a/c 6408000
Shawmut Investment Advisers
446 Main Street, W0-1025, Worcester MA 01608
Tel 508 793 4322, Fax 508 793 4173
November 21, 1994
Alan S. Fields
Harbor Capital Management Co.
265 Franklin street
Boston, Ma. 02110
Re: Town of Lexington Endowment Fd.
Dear Alan:
Pursuant to our telephone conversation of 11/14/94, listed below are the transactions
that we completed for the above referenced account. .
PURCHASE:
SALES:
50 Shares of Chrysler Corporation
Cusip #171196108
Price = 48.625000
Total = $2431.25
Comm, 6.00
Total $2437,25
100 Shares First Interstate Bancorp
Cusip #320548100
Price = 77.750000
Total = $7775.00
Comm, 12.00
Fees .26
Total $7762.74
100 Shares of General Motors Corporation
Cusip #370442105
Price = 38.750000
Total = $3875.00
Comm. - 12.00
Fees .13
Total $3862.87
Page 2
SALES:
300 Shares of Vodafone Group PLC Sponsored
Cusip #92857T107
Price = 34.25000
Total = $10,275.00
Comm, 36.00
Fees .35
Total $10,238.65
As authorization of the above transactions, please sign and return the enclosed copy of
this letter.
A self-addressed, stamped, return envelope is enclosed for your convenience.
Sincerely,
oyce M. Daley
Assistant Vice President
Enclosures
Shawmut Investment Advisers