[Eg-oversight-board] Follow up phone call with attorney

Mon Nov 19 11:49:38 EST 2018

How about either PNC or Regions? Looks like they both have branches in both
Missouri and Indiana (and lots of other places)

Terran McCanna, PINES Program Manager
------------------------------

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On Mon, Nov 19, 2018 at 11:36 AM Boyer, Jason A <JBoyer at library.in.gov>
wrote:

> I don't have any personal experience with Wells Fargo but their whole fake
> accounts scandal did leave a particularly bad taste, especially given that
> other national banks exist.
>
>
>
> --
>
> Jason Boyer
>
> MIS Supervisor
>
> Indiana State Library
>
> http://library.in.gov/
>
>
>
> *From:* eg-oversight-board [mailto:
> eg-oversight-board-bounces at list.evergreen-ils.org] *On Behalf Of *
> scott.thomas at sparkpa.org
> *Sent:* Monday, November 19, 2018 8:23 AM
> *To:* Holly Brennan <haderhold at ci.homer.ak.us>; Jessica Woolford <
> jwoolford at biblio.org>; eg-oversight-board <
> eg-oversight-board at list.evergreen-ils.org>
> *Subject:* Re: [Eg-oversight-board] Follow up phone call with attorney
>
>
>
> **** This is an EXTERNAL email. Exercise caution. DO NOT open attachments
> or click links from unknown senders or unexpected email. ****
> ------------------------------
>
> Hi Jessica,
>
>    Thank you for passing this along. It is such a relief having someone
> like Jon we can turn to for these sorts of questions. I have a few
> comments. Currently, our registered agent and mailing address are both
> MOBIUS. Have we had any trouble getting mail from them? What kind of formal
> arrangement do we have with MOBIUS for registered agent? PaILS pays $300
> annually for its registered agent (a local public library).
>
>    Regarding banks, Wells Fargo seems to be the top contender simply
> because they have branches everywhere. (Sometimes there is a need to visit
> a physical branch especially when there is a change on officers, and they
> need to sigh papers.) Has anyone had any positive or negative experiences
> with Wells Fargo? I’ve had some phone conversations with staff in my local
> branch, and they have proven to be knowledgeable and helpful.
>
>
>
> Scott
>
>
>
> *From:* eg-oversight-board [
> mailto:eg-oversight-board-bounces at list.evergreen-ils.org
> <eg-oversight-board-bounces at list.evergreen-ils.org>] *On Behalf Of *Holly
> Brennan
> *Sent:* Friday, November 16, 2018 7:02 PM
> *To:* Jessica Woolford <jwoolford at biblio.org>; eg-oversight-board <
> eg-oversight-board at list.evergreen-ils.org>
> *Subject:* Re: [Eg-oversight-board] Follow up phone call with attorney
>
>
>
> Sounds like this guy really knows his stuff! Thanks, Jessica! Have a great
> weekend and time off with your mom.
>
>
>
> -Holly
>
>
>
> *From:* eg-oversight-board [
> mailto:eg-oversight-board-bounces at list.evergreen-ils.org
> <eg-oversight-board-bounces at list.evergreen-ils.org>] *On Behalf Of *Jessica
> Woolford
> *Sent:* Friday, November 16, 2018 1:54 PM
> *To:* eg-oversight-board
> *Subject:* Re: [Eg-oversight-board] Follow up phone call with attorney
>
>
>
> Jon already responded to my question about the address for the bank
> account:
>
>
>
> I would advise that the bank account address be the principal address of
> the corporation, so that it doesn’t have to change each time there is a new
> treasurer.  The next best option would be to use the treasurer’s address.
> I would not advise using the registered agent’s address.
>
> Sent from my phone
>
>
>
> On Fri, Nov 16, 2018, 5:38 PM Jessica Woolford <jwoolford at biblio.org
> wrote:
>
> Hi all,
>
>
>
> I spoke with Jonathan this afternoon. He had the following feedback for us:
>
>
>
> In regards to our question about the Registered Agent, as far as he is
> concerned, he doesn't mind if we keep the registered agent as MOBIUS, and
> long as we are confident that any documents that are mailed to them on our
> behalf will be received by us. If we choose to change the Registered Agent
> to the law firm, they have an entity called S and B Corporate Services that
> they use for this. He assured me that any mail they receive for us will get
> to us, if we make the change, and that the change would be relatively quick
> and could be done online.
>
>
>
> For the bank account, he said that is does not matter if the account is in
> MO, as long as the treasurer has easy access to it. He says because we are
> so scattered and the treasurer could be in different states from year to
> year, we may be better off looking for a bank that is easy to do business
> with online, rather than looking for one with physical locations in certain
> areas. I forgot to ask him about the address while we were on the phone,
> but I sent him a follow up email.
>
>
>
> He will be sending out his comments on the 1023 in an email next week. He
> wanted to make sure that would not hold us up, and I said no, the SFC is
> still working on the draft agreement. The email will go to me and Mike, as
> I will be on vacation next week and don't want to hold up the process.
> There were two items he mention to me on the phone:
>
>
>
> For Part III item 2, he noted that when they file for other organizations,
> there are usually 4 -5 clauses under dissolution, and we only have 2 -3.
> Since the documents were drafted under MOBIUS' advisement, he would like us
> to check with them and see if they have the same number of clauses in their
> bylaws. That would save us the time of having to amend our bylaws. I
> couldn't find a purpose clause in the bylaws for Part III item 1, but I
> don't recall him saying that was missing. Hopefully, that will be clarified
> in his email.
>
>
>
> For Part I Item 7, we have checked off "Yes" to the authorized
> representative question. He wants to know if that is SBG (I assume so) and
> if so he will send us a Form 2848.
>
>
>
> I'm not going anywhere next week, just hanging out with my mom who will be
> in from out of state, so I will check email sporadically.
>
>
>
> Thanks, all! Have a great weekend!
>
> Jessica
>
>
>
> --
>
> Jessica Woolford
>
> Evergreen Systems Manager
>
> Bibliomation, Inc.
>
> 24 Wooster Ave.
>
> Waterbury, CT 06708
>
> 203-577-4070 ext. 105
>
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