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The Investment
Committee
Ed McGillicuddy
Open |
Bob Kuver
Neil Kerman |
Consist of four persons and shall
report to, and be responsible to, the Church Council.
- Meet at least quarterly or more
frequently if this is determined to be in the best interests of the church.
- Have the power to buy, sell, hold,
exchange, rent, lease, transfer, convert and, in all other respects, manage and control
the assets of the church's investments, including, stocks, bonds, debentures, mortgages,
notes, or other securities, as in their best judgment seem wise and prudent, subject to
the guidelines and policies as may be adopted by the congregation.
- The committee may request other
members of the congregation to serve as advisory members who may provide professional
counseling on investment or legal matters and/or engage the services of a professional
investment firm.
- So as to provide The Board of
Trustees with important data for the coming year's budget the Investment Committee shall
provide the Board of Trustees with a report on the Church's investments over the previous
12 months and a reasonable estimate (as far as possible considering the variable nature of
investments) of the income projections for the coming year.
- The Chairperson of the Committee
shall be bonded with the church bearing the cost.
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