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Sumner County discussion centers on Brown House trust funds, mayor says he will seek withdrawal from Vanguard
Summary
Commissioners and public speakers pressed for an audit and faster action on funds held by Vanguard for the Brown House trust; county mayor said he intends to withdraw $500,000 plus interest and move the account to a local firm. No formal legal action was approved at the meeting.
Sumner County commissioners and members of the public spent part of the meeting pressing for a full accounting and faster disbursement of funds held in the Brown House trust by Vanguard.
Public speaker Mike McLeod pointed to the trust instrument’s reporting requirement, saying, “the trustee shall report annually to the board and to some of the county commission concerning the investment of the trust property, operation of the trust, and distributions of the trust property,” and argued the county has never received that reporting. He urged a “full audit and review” of how trust funds have been spent.
Another public speaker, Kevin Baker,…
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