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<br />RESOLUTION NO. R-47-86
<br />RESOLUTION OF THE CITY COUNCIL OF THE
<br />CITY OF COLTON APPROVING ACCOUNT
<br />AUTHOIRZING RESOLUTION FOR PRUDENTIAL—BACHE SECURITIES.
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLTON AS FOLLOWS:
<br />Resolved, that an account be opened by this corporation with Prudential-Bache Securities Inc. (hereinafter referred to as
<br />Prudential-Bache), members of the New York Stock Exchange, and of other stock and commodity exchanges, to purchase, sell
<br />(including short sales), and 'or deal in any and all stocks, bonds, put and call options, other securities and choses in action
<br />(including, but not exclusively, debentures, notes, script, participation certificates, rights, subscriptions, option warrants, when
<br />issued securities, repurchase and reverse repurchase agreements, certificates of deposit, choses in action, evidences of
<br />indebtedness, certificates of indebtedness, certificates of interest of any and every kind and nature whatsoever, secured or
<br />unsecured, whether represented by trust, participating and/or other certificates or otherwise) and any and all commodities and '4
<br />contracts for the future delivery thereof, and that all orders and instructions, written or oral, upon said account be given by either.
<br />the President, Secretary, Treasurer or Vice -President: or other designee of this corporation, and each of them is hereby authorize
<br />and directed to purchase and or sell and. or deal in, through said Prudential-Bache, on behalf of this corporation, any and all
<br />stocks, bonds, other securities, choses in action, and, or commodities and/or contracts for future delivery thereof, that either of
<br />them may deem necessary or advisable for this corporation, for cash and/or margin, and also to make payment and to sign
<br />checks or drafts drawn upon the funds of the corporation, and to borrow and lend monies for and/or in connection with
<br />transactions for the account of the corporation, and also to pledge as collateral for loans to be made by or through said Prudentie
<br />Bache in connection with such purchases, sales and, or transactions, and otherwise, any stocks, bonds, other securities, choses
<br />in action, commodities andor contracts for the future delivery thereof, and/or any other assets belonging to this corporation, am
<br />also, for this corporation, to withdraw from said Prudential-Bache from time to time, to deliver or accept delivery of, and/or to
<br />borrow and or to endorse, and or to direct the transfer of record title of, and all stocks, bonds, other securities, choses in action
<br />and: or commodities and or contracts for the future delivery thereof, and, or assets or funds that may be carried by said
<br />Prudential-Bache for the account of this corporation, and
<br />Further Resolved, that each of the aforesaid officers of this corporation, be and hereby is authorized and directed to execute ani
<br />deliver on behalf of this corporation any customer's agreement required by Prudential-Bache, and to enter into, execute, and
<br />deliver, any and all other agreements, documents, releases, and writings that may be required by said Prudential-Bache for the
<br />opening and 'or continuing of said account in connection with any transactions relating to said account or to any securities,
<br />moneys or other property of the corporation, whether or not in said account, and
<br />Further Resolved, that until Prudential-Bache shall receive due written notices of change or rescission of these resolutions, said
<br />Prudential-Bache may rely upon the authority contained in these resolutions as continuing fully effective, and the said Prudential-
<br />Bache may rely upon any certified copy of resolutions, specimen signatures or other writings, signed on behalf of this corporation
<br />by any officer thereof; the acceptance of any other form of notice shall not constitute a waives of this provision, nor shall the fact
<br />that any person hereby empowered ceases to be an officer or becomes an officer under some other title, in any way affect the
<br />powers hereby conferred, until Prudential-Bache shall receive due written notice of change or rescission, as aforesaid, and
<br />Further Resolved, that in the event of any change in the office or powers of persons hereby empowered, the secretary shall certi
<br />those changes to Prudential-Bache in writing, in the manner hereinabove specified, which notification, when received, shall be
<br />adequate both to terminate the powers of the person theretofore authorized, and to empower the persons thereby substituted, an
<br />Further Resolved, that any and all orders and instructions heretofore given to said Prudential-Bache on behalf of this
<br />by any officer of this corporation, are hereby in all respects ratified, confirmed and approved, and
<br />Further Resolved, that the foregoing resolutions and the certificates actually furnished to Prudential-Bache by any officer of the
<br />corporation, be and they hereby are made irrevocable, and shall be fully effective as to any transactions for the account of the
<br />corporation notwithstanding that the account may have been temporarily closed or inactive, until written notice of the revocation
<br />thereof shall have been received by Prudential-Bache.
<br />PASSED, APPROVED and ADOPTED this 15th day of April, 1986.
<br />ATTEST:
<br />HELEN A. RAMOS, CMC
<br />ity Clerk
<br />ALBERT A. HUNTOON
<br />Mayor
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