From left to right: Marlene Cushing,Tim Koeneman, Phil Hofstetter, Jim Roberts and George Doyle. The Petersburg Medical Center board of directors discussing the Hilltop Securities resolution at their monthly board meeting on April 25.
The Petersburg Medical Center board of directors attempted to pass a resolution at their board meeting last month granting authority to specific board members to work with one of the hospital's financial institutions, but the motion was tabled until this month's meeting.
The resolution would have allowed the president, vice president and treasurer of the board to perform such actions with Hilltop Securities as opening a brokerage account and transferring and purchasing stocks and bonds. The main issue with the resolution was its ambiguous wording. The resolution didn't specify that the power w...
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