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PMC board passes financial resolution

 

Pilot file photo

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.

The Petersburg Medical Center board of directors passed a resolution that grants authority to specific board members to work with one of the hospital's financial institutions after the resolution was tabled at last month's meeting.

The resolution was originally tabled because of its ambiguous wording. Under the resolution, the president, vice president and treasurer of the board are allowed to perform such actions with Hilltop Securities, as opening a brokerage account and transferring and purchasing stocks and bonds. The resolution did not specify that the power was given to the president,...



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