HomeMy WebLinkAboutTrustees of Public Trusts - TPT - Charge - Revised August 2006 TRUSTEES OF PUBLIC TRUSTS
Meinbers: 3
Appointed by: Board of Selectmen
Length of Term: 6 years
Appointments made: September 30
Meeting Times: Once every other month
Description: The Trustees of Public Trusts administer trust funds belonging to the town. Occasionally they meet
with other town agencies,civic organiaations,and individuals to decide on the distribution of accumulated monies.
Criteria for Membership: Each individual member shall have demonstrated a warking knowledge and
understanding of the fmancial marlcets,and meet the standards of"prudent person"provisions.
The Trustees of Public Trusts should be comprised of people who have legal training and experience,investment
experience,and experience with the use and disbursement of funds.
Re£: General By-Laws,Article XVIII
Chapter ]07,Acts of 1910
Term Limit Rescinded by Board of Selectmen on 9/27/1999.
Selectmen designated as Special Municipal Employees on April 24, 1963.
Selectmen reaffirmed designation as Special Municipal Employees on January 18,2006.
Selected voted on August 28,2006 to remove term limits.