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Moira designates bank depositories, adopts investment and procurement policies

Town of Moira Town Board · January 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board named Community Bank, N.A. and NYCLASS as official depositories, authorized signing authority for the Supervisor and select staff, and completed annual reviews of investment, deposit and procurement policies.

The Town Board designated Community Bank, N.A. and the New York Cooperative Liquid Assets Securities System (NYCLASS) as town depositories and authorized the Supervisor, Bookkeeper/Investment Manager and Town Clerk to have signing authority on accounts to manage deposits and investments (Res. #8). The resolution cites General Municipal Law as authority for the designation.

During the meeting the board also completed annual reviews and adopted the Town of Moira Investment and Deposit Policy and the Procurement and Surplus Policy (Res. #44 and #45). The board affirmed the official newspaper designation (Malone Telegram) for required legal notices (Res. #9).

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