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R-003-16 Authorizing the utility director to enter into transactions with Shell Trading Risk Management, LLC
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R-003-16 Authorizing the utility director to enter into transactions with Shell Trading Risk Management, LLC
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11/11/2020 10:30:36 AM
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El <br />0 <br />21 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />Section 2. The Utility Director is authorized and empowered from time to time to <br />negotiate, prepare, execute, and deliver Master Swap Agreements by an on behalf <br />of the City in favor of STRM, in such form and with such terms as the officer <br />executing the same shall approve, such approval and the approval of this City <br />Council to be conclusively evidenced by such officer's execution and delivery <br />thereof. <br />Section 3. The Utility Director is also authorized and empowered to designate <br />persons who shall be authorized to issue and accept confirmations of Transactions, <br />from time -to -time, in the ordinary course of the City's business. <br />Section 4. The City Clerk shall verify to the adoption of this Resolution and this <br />Resolution shall become effective upon its adoption. <br />PASSED, APPROVED AND ADOPTED this 19'h day of January 2016. <br />RICHARD A. D %LAROSA, Mayor <br />raw Ia39 <br />CAROLINA R. PADILLA, City Clerk <br />
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