Town of Westmoreland
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    • Home
    • About
      • Cemeteries
      • Committees
      • History
      • Library
      • School
      • Tax Maps
      • Recycling Center
      • Contact Us
    • Boards & Departments
      • Board of Selectmen
      • Conservation Commission
      • Emergency Management
      • Fire Department
      • Health & Welfare
      • Highway Department
      • Planning & Zoning
      • Tax Collector
      • Town Clerk
      • Trustees of Trust Funds
    • Tax Cards
    • Minutes
      • Board of Selectmen
      • Budget Committee
      • Community Power Committee
      • Conservation Commission
      • Emergency Management
      • Fire Station Advisory
      • Old Home Days Committee
      • Planning Board
      • Recreation Committee
      • Recycling Committee
      • Trustees of Trust Funds
      • Zoning Board
    • News
Town of Westmoreland
  • Home
  • About
    • Cemeteries
    • Committees
    • History
    • Library
    • School
    • Tax Maps
    • Recycling Center
    • Contact Us
  • Boards & Departments
    • Board of Selectmen
    • Conservation Commission
    • Emergency Management
    • Fire Department
    • Health & Welfare
    • Highway Department
    • Planning & Zoning
    • Tax Collector
    • Town Clerk
    • Trustees of Trust Funds
  • Tax Cards
  • Minutes
    • Board of Selectmen
    • Budget Committee
    • Community Power Committee
    • Conservation Commission
    • Emergency Management
    • Fire Station Advisory
    • Old Home Days Committee
    • Planning Board
    • Recreation Committee
    • Recycling Committee
    • Trustees of Trust Funds
    • Zoning Board
  • News

Trustees of the trust funds

The makeup of the Board is determined by NH RSA 31:22. All trusts shall be administered by a board of 3 trustees. One trustee shall be elected by a ballot each annual town meeting for a term of 3 years. Vacancies shall be filled by the selectmen for the remainder of the term. The Board’s charge is orchestrated by NH RSA 31:25. The trustees shall have the custody of all trust funds held by their town.

The funds shall be invested only in deposits in any federally or state-chartered bank or association authorized to engage in a banking business in this state, or in deposits in any credit union in this state, or in bonds, notes or other obligations of the United States government, or in state, county, town, city, school district, water and sewer district bonds and the notes of towns or cities in this state to engage in a banking business; and in participation units in the public deposit investment pool established pursuant to RSA 383:22. The authority to administer town trust funds is vested solely in the trustees and income there from cannot be turned over to the selectmen for purpose contrary to the judgment of the trustees.


Trustees of Trust Funds 

Tim Thompson

Bill Franzen

Cecile Goff

Minutes

Policies

Capital Reserve Investment Policy 2022


Photo Courtesy Gina Gitchell 

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