PMC board passes financial resolution
May 30, 2019
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,...