Resolution by Board to deposit matured CDs into a Toews High Income Bond Fund – 7/12/21

Tom made motion to adopt the resolution that the 8 CD’s that Matured on June 2, 2021, plus some of the money in the Money Market Fund will be deposited in a Toews High Income Bond Fund by placing $382,000 of our reserves into this fund and maintaining $100,000 in the Money Market Fund and to also authorize the treasurer to transfer additional funds from any bank account as long as the Money Market Fund is kept at the minimum throughout the fiscal year ending June 30, 2022. Melissa seconded the motion. All Board members voted in favor. Motion passed.