Commissioners of Trust Funds
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Listing files in 'Minutes & Agendas of the Trust Fund Committee'
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Board of Commissioners of Trust Funds
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Tyler Gray (2012) 17 Trot Road |
| David Stevens (2013) 4 Masonbrook Ln |
| Richard Hoole - (2014) 7 Uplands Rd |
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| Staff Contact: Town Treasurer |
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MGL Chapter 41: Section 45. Creation; membership; powers and duties. Any city or town, except Boston, may create a board of commissioners of trust funds, consisting of three persons who shall have the management of all trust funds given or bequeathed for the benefit of the town or the inhabitants thereof, unless the donor in making the gift or bequest shall otherwise provide. In cities the commissioners shall be appointed by the mayor and confirmed by the council. In towns they shall be elected in the same manner as other town officers. At the time of creating said board there shall be appointed or elected one member for one year, one member for two years, and one member for three years; and there shall be appointed or elected annually thereafter one member for three years. Vacancies shall be filled by the mayor, with the approval of the council, or by the selectmen.
MGL Chapter 41: Section 46. Town treasurer; duties; bond. The town treasurer shall be the custodian of all funds and securities of such trust funds, shall invest and reinvest them and expend therefrom moneys as directed by the commissioners. The treasurer shall furnish a bond satisfactory to them for the faithful performance of his duties.
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