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June 24, 2005 <br /> The Pequot Lakes Library Board would like to request that a check be issued <br /> from their funds for $26,000 to the Lakes State Bank. This money is to be <br /> invested as follows in FDIC accounts: <br /> $10,000 endowment into a 15 month CD at 3.7% <br /> $10,000 endowment into a 12 month CD at 3.1% <br /> $6,000 operating funds into a Money Market <br /> We will still have approximately $4,000 to $5,000 in our checking account <br /> for daily expenses. <br /> 1VO&I dj� <br /> Nancy Adams <br /> Library Board President <br /> David Anderson <br /> Library Business Manager <br />