Special Board Meeting Minutes/December 21, 2009

R.S.U. #11
SPECIAL MEETING
Merle E. Peacock, Jr. Board Room
Monday, December 21, 2009
6:00 p.m.

PRESENT: Mr. Hunnewell, Chair, Mrs. Fles, Vice - Chair, Ms. Avery, Mr. Cone, Mr. Farkas, Mr. Heath, Mrs. Potter, Mr. Trott, Dr. Knowles, Ms. Disch,

ABSENT: Mr. Brown, Mrs. Couture, Mr. Jermyn, Mrs. Ricker

Mr. Hunnewell called the meeting to order at 6:05 p.m. and declared a quorum present.

VOTED: 8-0 Motion by Mrs. Potter, seconded by Ms. Avery to go into executive session at 6:05 p.m. to consider the advice of legal counsel regarding the maintenance of District bank accounts, pursuant to 1M.R.S.A. § 405(6)(E). The Board reconvened at 6:40 p.m.

VOTED: 8-0 Motion by Mrs. Potter, seconded by Ms. Avery, the Superintendent of Schools be authorized to transfer the general fund and payroll accounts of the District to Bangor Savings
Bank, to open accounts necessary for that purpose, to execute and deliver documents to provide
for the investment of funds and purchase of securities through repurchase agreements and sweep
account agreements, and to execute and deliver such other documents, and take such other
actions as may in the Superintendent’s judgment be necessary to effect the transfer of the general
fund and payroll accounts.

Meeting adjourned at 7:00 p.m.

Attest a true record,

Dr. Paul D. Knowles, Secretary