Middletown Valley Bank directors resign over proxy dispute
Former director Happ resigns effective immediately accusing the board of withholding information about a proxy. The FDIC conducts a weekly bank records audit while other directors, including Guyton and Wiles, face scrutiny over proxy approval, fees, embezzlement disclosure, and a bylaw change.
MENTIONED IN THIS ARTICLE
Board of Directors
Happ
Middletown Valley Bank
Guyton
Wiles
Federal Deposit Insurance Corp
FDIC
Mary C. Lydard
Middletown Valley
American Banker
U.S
John T. Routzhan
Ms. Lydard
Mr. Wiles
Frederick County
Maryland
Richard L. Kefauver
Canteen fund policy eyed as audit reveals $207000 idle
Sheriff Harbaugh and county officials scrutinize a jail canteen account created about 1976 with $207000 accumulated over 16 years. The fund, intended for inmate needs, profits, and equipment, may be redirected to programs or employee needs after policy clarification and audit.
MENTIONED IN THIS ARTICLE
HAA
Edgar Shaugnessy
Shaugnessy
NAA
Reeder
Harbaugh
County Accounting Office
Sheriff's Office
Democrats cautious on Bush tax plan proposals
Democratic lawmakers express skepticism about tax cuts while deficits grow and unemployment rises. The Bush plan reportedly includes exemptions and credits to aid families, a home buyer tax credit, IRAs to new accounts, capital gains relief, faster depreciation, and real estate loss shelters, all aiming to spur investment and reduce taxes despite opposition from some leaders.
MENTIONED IN THIS ARTICLE
Ways and Means
Congress
Pease
Detention center funds under review for weak controls
A report finds inadequate controls over inmate funds at the work release and detention centers. It cites deficient computer systems, limited staff, and lack of proper segregation of duties for cash, receipts, deposits, and inventory. Recommendations urge expanded programs, duty reassignments, and stricter verification and timely deposits.
MENTIONED IN THIS ARTICLE
Carl Harbaugh
County Accounting Office
County reviews forest plan after ski trail logging concern
Sundergill seeks law changes to avoid Ski College Mountain issues as logging on College Mountain prompts county scrutiny. The forestry board will assess operations for resource and wildlife preservation, though Sundergill argues broader reviews beyond conservation districts may be needed.
MENTIONED IN THIS ARTICLE
Emerson
Sioners
Forestry Board
Sundergill
Also Mentioned on This Page
Middletown Bank
Roy Rogers
Roy
Frederick
Thomas Johnson
Eastgate
Hagerstown
Cumberland
Thurmont
LaVale
Leesburg
Martinsburg
W.va
Chambersburg
Dems
APA
Pioneer
Enn
Sentry
MTS
Zee
Hitachi
Wayside
Patrick St
Fairgrounds
Thurs & Sun
Fiore
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