Who says a 3-1/2 hour meeting can’t be fun?
As Fort Wayne City Council members debated guiding principles for how to spend money from the lease and sale of the city’s old electric utility, Council President Tom Smith questioned a provision allowing the fund’s board to vote the shares of stock in its portfolio. Smith thought the wording sounded like board members could vote by proxy; Mitch Harper, R-4th, assured him it was only saying the board could vote like other shareholders in publicly held corporations.
“I wouldn’t speculate on your stock holdings,” Harper told Smith, “but I’m sure it’s vast.”
“Oh yes,” Smith replied, laughing. “Mitt (Romney) calls me for advice all the time.”