Board of Finance elects officers, approves three bank depositories
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Summary
The Richland-Bean Blossom Board of Finance elected Dana Kerr president and Larry DeMoss secretary and voted to designate People State Bank, Old National and Trust Indiana as the corporation's depositories in a voice vote.
The Board of Finance of the Richland-Bean Blossom Community School Corporation opened its meeting by electing officers and approving banking depositories.
At the start of the meeting, a board member nominated retaining the current president; the motion was seconded and carried by voice vote. The board then nominated Larry DeMoss as secretary; that motion likewise passed by voice vote. The presiding officer then announced, “the officers this year are President Dana Kerr and Secretary Larry DeMoss.” (Transcript: board announcements.)
The board considered its annual designation of depositories. Dr. Sanders explained the annual requirement to select financial institutions for general business, bond proceeds and interest-bearing accounts and recommended continuing with People State Bank, Old National and Trust Indiana. An unnamed board member moved to accept those three institutions; the motion was seconded and carried by voice vote. The meeting minutes record the designations as approved for the year.
The elections and the depository designations were handled by voice votes and the presiding officer declared the motions carried. No roll-call vote or individual vote tallies were recorded in the transcript.
The board moved next to financial reports and investments.