A Board of Trustees of trust funds is hereby established pursuant to R.S.A. 31:22. All trust gifts, legacies and devises made to the city for public purposes shall be administered by the Trustees. The Board of Trustees of trust funds shall be comprised of five members: the mayor, ex officio, and four other members who shall be appointed by the Mayor and confirmed by the Aldermen for terms of six years. In January of 1981, two members shall be appointed for terms of three years and two members for terms of six years. Thereafter, as their respective terms expire, appointments shall be made in the month of January for six-year terms. Vacancies shall be filled for the unexpired term.
('71 Code, § 2-67) (Ord. passed 8-26-80)
Statutory reference:
Capital reserve funds for cities, see R.S.A. Ch. 34
Trust funds, see R.S.A. 31:22
Capital reserve funds for cities, see R.S.A. Ch. 34
Trust funds, see R.S.A. 31:22