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PRO~E$$1ONAL ~$$OCIATION <br /> <br />NO. <br /> <br /> any evenlt, ] wUl br~fly recite t~c ]aw ~ ~ ~, ~ ~ct of ~ hws p~ <br />~ ~ ~ n gove~ ~y, by ~s v~, <br /> ~ ~. ~ ~, ~ $~t. ~ 471.88, ~. 2 (1~), ~ows <br /> <br />shall ~c thai t~ member i~ a director o~ employge of the bank or ravings <br />~mciation, which disclosun, slmU be entered upo~ the minut~ of tl~ authority <br />or ~o~emmen~al unit, such dtsclosth'~ shall be ma~ when such bank or savings <br />associt~fion is ~ des~ as a deposito~ or ~ a mur~ ot: bon'owtng, or <br />when ~ach member or officer is e~ected whkhever i,s later, ~ud such disclosu~ <br />shall s~'ve ss notice of such ~ and ~eed not be made wifl~ each successive <br /> <br />Mr. H~ i.ufe, rs ~ you lmvo ~ ~ prolcon by failing to ~ the necessary <br />disclosures. I, however, cannot make ~uy j,a~e-t in this mater az I have no Imowledgo of <br />any cv~ ~g the slle~ ~ to dizciose. <br /> <br />I want bo~ yo~ and Mx. Hlmdfil~n to know that I am not ia.king anyone's sicl~ i~ this <br />Prom tim ~n that I have received from s~wc. ml murce~, ~ appears to be some <br />pcr.~onal snimoeit~ bxw~ea ~c mo of you. I do not wish to be put in th~ middle of your <br />debate. Rather, I zee my rule ss trying to p~ovidv you wi~ gem~ <br /> <br />Certainly, I do not have fl~ fac~z n~e~y to ~ au ultimate conc. i~on az to wlw.~h~- any <br />e~lcs laws ~ violated. Therefore, I believe a~y a~.mpt to infer ~ my a~lo~s x~'p~t <br />the l~.a~e's ~e~torseme~t of your acfionz would bo improper. Such conclusions would more <br />propeO_y be m~ by your city attoro~y or by any prlva~ co~el ~ you may have ~d. <br /> <br />I lu~ ~ thb ;kiler bas ~ to ¢ag/y my posiiion. Should you wish ~o discuss <br />furor, please'do not hesitate lo ~ mc. <br /> <br />Very tmty <br /> <br />v. <br />Staff' Auomcy <br /> <br />c: Terry <br /> <br />2 <br /> <br />I II <br /> <br /> <br />