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BOARD OF. DIRECTORS
July 22, 1985
SAUGUS TRAIN STATION
Meeting called to order at 7:48 PM by President Betty Pember.
MEMBERS PRESENT: Jim Didrickson, Betty Evans, Norman Harris, Rudd Haynie
Michelle Hoffman, Anne Kaulbach, Chic Kiersted, Paul Kreutzer, Kathy
Lotts, Max Mahan, Marie McNulty, Cynthia Neal-Harris, Betty Pember,
Jerry Reynolds, Shirley Scates, Karen Sutton and Jean Woods.
MEMBERS ABSENT: Arax Arklin, Shirley Hyland and Tom Mason.
FORMER MEMBERS PRESENT: Faye Johnson.
MINUTES
The minutes of June 24, 1985 were approved as corrected.
TREASURER/FINANCIAL SECRETARY
Total income for June $613.58, expenses $1,423.41, checking account
balance $6,246.06, Core Savings $8,120.40, Valley Federal Savings
$6·,115.61. Total cash on hand $21,082.07.
Karen Sutton reported we need to reinvest the $6,715.61 at Valley
Federal. She suggested we add to it from the checking account to make it
an even $7,000. This amount could be invested at higher interest. Shirley
Scates moved we transfer money from the checking account to the Valley
Federal account to equal an even $7,000 and invest it for another year.
Jean Woods seconded. There was discussion of pulling out $10,000 to
invest but capital is needed and much of the money in the checking
account is committed. We need to decide how much to invest and how much
to keep fluid. We haven't heard from Chevron on the grant for the
outreach program or history book. The motion was voted on and passed.
Paul Kreutzer moved we withdraw $2,500 from the checking account and
deposit it in a 3 month Certificate of Deposit at a higher interest rate
than the checking account. Jerry seconded. Passed.
Paul has three checks for Memorial funds. Letters will be sent to the
donors and the families.
CORRESPONDENCE
A letter was received from the Canyon Chamber about Frontier Days and
from Pacific Bell with information on business phones. Chevron sent
notice that Owen T. Murphy is replacing Mr. Clark who is retiring. Sue
Fields wrote she is receiving duplicate Newsletters. Anne will look into
Headquarters - Saugus Train Station
P.O. Box 875 • NewhaD • California • 91322
Founded MCMLXXV
