Adams Library Trustees Secure $92K Miller Fund
The trustees appointed Eugene Michaelanko as the interim trustee for the Miller Fund.
The trustees voted last week to appoint Trustee Eugene Michaelanko as the interim trustee of the fund.
"We would like to diversify that portfolio but in order to do that we need to have a successor trustee," Chairman James Loughman said last Thursday. "Our treasurer Eugene Michaelanko has graciously volunteered to be the sacrificial lamb."
Last year the trustees came upon a stray account left by Columbus Miller in his will that contains $92,000 in Bank of America stocks. The trustees plan to take control of the funds and take them out of a single stock and put them in a new account under the library's tax identification number.
"We have somewhere between $90,000 and $100,000 in stock which has been flying on autopilot for the past roughly 50 years," Loughman said.
The plan is to eventually name the Berkshire Taconic Foundation as the fund's trustee but first the library has to clear up some tax issues.
In other business, Library Director Holli Jayko said author Archer Mayor is to speak at the library June 21 at 6:30 p.m.
"He is a local author and he has a huge long series of books," she said. "We are excited to have him."
Jayko said much of Mayor's Joe Gunther detective series takes place in Vermont but at times dips down into Berkshire County.
"From what I heard people can recognize these places when they drive through and they say they are the way he describes them," she said.
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