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Town board authorizes steps to secure trust funds for Sands Ring Homestead Museum
Summary
The Cornwall Town Board passed a resolution authorizing the supervisor and town attorney to work with Northern Trust Company (Miami) to accept residual bequests to benefit the Sands Ring Homestead Museum and directed that any funds received be used exclusively for the museum's repair and upkeep.
The Town of Cornwall voted to authorize the town supervisor and attorney to work with Northern Trust Company of Miami, Florida to secure residual trust bequests allocated to the Sands Ring Homestead Museum, property known as 180 Main Street (tax map 18‑1‑10).
The board's resolution notes two identical irrevocable trusts (Maud Lamont and Olivia Vandewater trusts, dated Dec. 1992 as amended) name the museum as a residuary distributee and that the town must deliver a certified resolution and documentation to the trustee to claim the funds. The supervisor said the town must confirm that any proceeds be used exclusively for the benefit and improvement of the museum rather than general town funds.
The resolution directs staff to provide required documentation to Northern Trust and authorizes signing of necessary documents; the trustee will then provide details about the value and distribution process. The board recorded the motion and approved it by roll call.
