Representative Cola Hudson dies at 81

first_imgRepresentative Cola Hudson, R-Lyndon, died January 20 of congestive heart failure. A farmer and janitor, he first served in the Vermont House in 1973. He served in the State House up to the week before his death. He was 81.Below are comments from the governor and Speaker of the House.Official Statement of Governor Douglas on the Death of Representative Cola HudsonI was saddened to hear of the passing of my friend, Representative Cola Hudson of Lyndon. His family, friends and community are in our thoughts and prayers.Cola and I were first elected to the Legislature in the same year, served together for five years on the House Government Operations Committee and went on to work together in a variety of areas over the next 30 years. He always worked hard and put his constituents and the State of Vermont first. He was a straight-talking, matter-of-fact gentleman with a particular interest in making government more responsive to the people. He reminded us everyday of the importance of civility and respect in our public discourse.Cola – one of the longest serving members of our House of Representatives – was a model legislator and a wonderful friend. He will be missed.Statement from the Speaker of the House Gaye Symington on the death of Representative Cola HudsonIt is with great sadness that I learned of the death of Representative Cola Hudson, the Member from Lyndonville, this past Sunday. Cola has served his community in many ways, in the Legislature continuously since 1973, as a member of the Board of the Vermont State Colleges and the Board of Trustees of Lyndon Institute, and as Chair and most recently ranking member of the House Government Operations Committee.Sitting in a booth with Representative Hudson at the Miss Lyndonville Diner one fall gave me an appreciation of the respect he holds in his community, as so many people of all ages would speak with him as they passed. I remember in particular the way he characterized his work on the Government Operations Committee, “This committee is the peoples direct voice in their state government.” Whether as Chair or ranking member, Cola’s voice carried weight because he used words judiciously and often with a sense of humor that could break tension or bring back focus to a discussion.The member from Lyndonville was rarely missing from his seat when the House was in session. He was known for using few words to convey his perspectives on the debates at hand. At times he would use his wit to remind others of the value of brevity. When the Member from Lyndonville spoke, the Vermont House listened carefully.Cola Hudson’s legislative family will miss him very much.last_img read more

Naples bank waives service charges on IOTA accounts

first_imgNaples bank waives service charges on IOTA accounts Associate Editor Citizens Community Bank in Naples apparently believes that the “community” in its title is more than a word.And that’s good news for Florida lawyers looking to boost the returns on their IOTA accounts.The bank is offering its “Escrow Management Account Service” and “IOTA Plus Program” to law firms, according to bank Vice President Ray Schwedhelm.The premise is simple. At a time when most banks are paying well under one percent on IOTA accounts and then deducting from that service charges, and at least one major bank charges more for services than earned by interest, the Naples bank plans to do better.Citizens Community Bank, Schwedhelm said, is waiving all service charges for its trust fund deposits. And it will pay 2.5 percent interest — almost three times the state average. And as an additional bonus, the bank is making a separate contribution to Florida Rural Legal Services, Inc., and the Legal Aid Society of Collier County. Both those organizations are beneficiaries of The Florida Bar Foundation’s legal aid to the poor grants through its IOTA program.“As an independent community bank in Collier County, we are concerned about our neighbors in more ways than just one,” Schwedhelm said. “The Golden Rule is very important to us in building long-term relationships that are truly win-win for all parties.”The win for the law firms, he said, is not only will the program boost income for the Foundation’s IOTA program and directly provide funds for Florida Rural Legal Services and Collier County Legal Aid, but the Escrow Management Account Service takes over much of the paperwork lawyers face in managing their trust accounts. (If the interest generated can be economically attributed to clients and therefore is not part of the IOTA program, then the account will boost their interest earnings.)The Foundation, supported by the Bar Board of Governors and the Young Lawyers Division, has embarked on a campaign to encourage lawyers with trust accounts exceeding $100,000 to invest in sweep accounts, which currently earn four to six percent returns, but also have higher expenses.The CCB program, however, is open to all trust accounts, regardless of size.Aside from the better interest, Schwedhelm said, the bank is trying to make the administration and paperwork of trust accounting easier for lawyers.“The escrow management service simplifies the back office record keeping of escrow accounts,” he said. “There is one master account and under that one master account, an attorney can establish a variety of subaccounts for individual clients. On a monthly basis, Citizens Community Bank provides the attorney with a statement that shows interest earned for each subaccount, not only for the month, but for the life of the account.”Frequently, attorneys open a new trust account for each client, with the resulting necessity for a trip to the bank, signing signature cards and other paperwork avoided with the CCB plan, he said.The bank also prepares 1099 forms at the end of the year and has a courier service to pick up deposits, which are posted to the subaccounts on the same day, Schwedhelm said, and checks can be cut or wire transfers made on instructions from the attorney.The IOTA program is not the first effort of the bank to tie banking services to a charity. The bank continues to offer customers a nine-month certificate of deposit. Those taking advantage get a higher, one-year interest rate and free checking. In addition, the bank donates an additional 0.25 percent to the March of Dimes.So far, there has been considerable interest in the new IOTA account program, Schwedhelm said, and he added that the bank can work with interested law firms and lawyers anywhere in the state.Schwedhelm can be contacted by calling (941) 430-1773 or by writing him at Citizens Community Bank, 2373 Tamiami Trail North, Suite 100, Naples 34103. Naples bank waives service charges on IOTA accounts September 1, 2000 Gary Blankenship Associate Editor Regular Newslast_img read more