HomeMy Public PortalAbout10908O R D I N A N C E NO. 10908
AN ORDINANCE to provide for the selection of Approved Depositary Banks and
Approved Securities Dealers, the making and terms of time and demand deposits and
Authorized Investments, the form of security for safekeeping of District funds, the approval of
Authorized District Representatives for purposes of signing of checks and making of transfers
of District funds, the furnishing of surety bonds for Authorized District Representatives, and
reports of the Secretary-Treasurer to the Board of Trustees of the District with respect to the
deposit and investment of District funds, and repealing prior ordinances and resolutions
inconsistent herewith.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN
ST. LOUIS SEWER DISTRICT:
Section 1. Investment Policy.
The Secretary-Treasurer shall prepare, maintain and adhere to a written
investment policy which shall include an asset allocation plan which limits the total amount of
District funds which may be invested in any particular investment authorized by law. The
Secretary-Treasurer shall present a copy of such policy to the Board of Directors annually or
at any time the written investment policy is amended.
Section 2. Time and Demand Deposits - Approved Depositary
Banks/Contracts.
A. The Secretary-Treasurer shall maintain a list of banks or trust companies,
situated in the District, approved for deposit of District funds ("Approved Depositary Banks").
The list of Approved Depositary Banks, attached hereto as Exhibit "A", is hereby approved;
provided that such list may be modified from time to time by resolution of the Board of
Trustees of the District.
B. The Secretary-Treasurer shall determine, by the exercise of his best
judgment, the amount of District funds that are not immediately needed for the purpose to
which such funds are applicable, and shall keep on demand deposit in Approved Depositary
Banks the amount of District funds which he has so determined are needed for current
operating expenses of the District and disburse the same as authorized by state law and the
District's Plan.
C. Within the parameters of the Secretary-Treasurer 's written investment
policy, the Secretary-Treasurer shall place the District funds which he has determined are not
immediately needed for the purpose to which said funds are applicable, on time deposit
drawing interest in Approved Depositary Banks, or place them outright or by repurchase
agreement in Authorized Investments described in Section 3 of this Ordinance, as he in the
exercise of his best judgment determines to be in the best overall interest of the District,
giving due consideration to:
(1) The preservation of such moneys;
(2) The liquidity needs of the District;
(3) The comparative yield to be derived therefrom;
(4) The effect upon the economy and welfare of the people of Missouri of
the removal or withholding from banking institutions in the District of all or some such District
funds and investing same in obligations authorized in section 15, article IV of the Missouri
Constitution; and
(5) All other factors which to him as a prudent Secretary-Treasurer seem to
be relevant to the welfare of the District in the light of the circumstances at the time prevailing.
In making such deposits or investments, the Secretary-Treasurer shall follow the
applicable investment strategy submitted to the Board of Trustees of the District as a part of
his monthly report as required by Section 4 of this Ordinance; provided that the Secretary-
Treasurer may make investments or deposits, which are not consistent with such investment
strategy, when such action is, in the judgment of the Secretary-Treasurer, in the best interest
of the District, taking into consideration the factors set forth in this Section, provided the
Secretary-Treasurer will note such action in his next monthly report to the Board of Trustees
of the District.
D. In placing moneys on demand or time deposit, the Secretary-Treasurer
shall use his best efforts to obtain three quotes from Approved Depositary Banks and shall
place such funds with the Approved Depositary Bank selected by him, taking into consideration
the quote of such Approved Depositary Bank and the factors set forth in Section 8 above.
The Secretary-Treasurer shall maintain a record of all quotes received. The Secretary-
Treasurer may place such funds with an Approved Depositary Bank, without obtaining quotes,
when such action is, in the judgment of the Secretary-Treasurer, in the best interest of the
District taking into consideration the factors set forth in Section 8 above, provided that the
Secretary-Treasurer shall note such action in his next monthly report to the Board of Trustees
of the District.
E. The Executive Director and Secretary-Treasurer of the District are
authorized and directed to execute a contract with each Approved Depositary Bank holding
funds of the District. The contract shall be in substantially the form of Exhibit "B" attached
hereto with such changes therein as shall be approved by the Executive Director, Secretary-
Treasurer and General Counsel of the District, provided that such officers' signatures on such
contract shall constitute conclusive evidence of the approval thereof.
Section 3. Authorized Investments - Approved Securities Dealers - Contracts.
A. The Secretary-Treasurer may subscribe for or purchase outright or by
repurchase agreement obligations of the United States government which are lawful for
investment of the District's funds under state law and the District's Plan ("Authorized
Investments") which he, in the exercise of his best judgment, believes to be the best for
investment of District funds at the time and in payment therefor may withdraw moneys from
any bank account, demand or time, maintained by him. The Secretary-Treasurer may bid on
subscriptions for such Authorized Investments in accordance with his best judgment. Such
Authorized Investments may be purchased from any primary government securities dealer
certified as such by the New York Federal Reserve Bank, from any Authorized Depositary
Bank or from any securities dealer with offices in the District selected by the Secretary-
Treasurer and approved by resolution of the Board of Trustees of the District ("Approved
Securities Dealers"). The Secretary-Treasurer shall maintain a list of Approved Securities
Dealers. The list of such Approved Securities Dealers, attached hereto as Exhibit "C", is
hereby approved; provided that such list may be modified from time to time by resolution of
the Board of Trustees of the District. The Secretary-Treasurer shall provide for the
safekeeping of all such Authorized Investments so acquired in the same manner that securities
pledged to secure the repayment of District funds deposited in Approved Depositary Banks are
kept by him pursuant to law. The Secretary-Treasurer may hold any such Authorized
Investments so acquired by him until its maturity or prior thereto may sell the same outright for
a negotiated fee as he, in the exercise of his best judgment, deems necessary or advisable for
the best interest of the District in the light of the circumstances at the time prevailing. The
Secretary-Treasurer may pay all costs and expenses reasonably incurred by him in connection
with the subscription, purchase, sale, collection, safekeeping or delivery of all such Authorized
Investments at any time acquired by him. In purchasing or selling Authorized Investments the
Secretary-Treasurer shall use his best efforts to obtain two quotes from Approved Securities
Dealers and shall purchase or sell Authorized Investments with the Approved Securities
Dealers selected by him, taking into consideration the quote of such Approved Securities
Dealers, the costs and expenses to be paid by the District in connection with such transaction,
and the factors set forth in Section 28 above. The Secretary-Treasurer shall maintain a
record of all quotes received. The Secretary-Treasurer may purchase or sell Authorized
Investments, without obtaining quotes, when such action is in the judgment of the Secretary-
Treasurer, in the best interest of the District taking into consideration the factors set forth in
Section 28 above, provided that the Secretary-Treasurer shall note such action in his next
monthly report to the Board of Trustees of the District.
B. The Executive Director and Secretary-Treasurer of the District are
authorized and directed to execute a contract with each Approved Depositary Bank or each
Approved Securities Dealer with whom the District enters into a repurchase agreement. The
contract shall be in substantially the form of Exhibit "D" attached hereto with such changes
therein as shall be approved by the Executive Director, Secretary-Treasurer, and General
Counsel of the District, provided that such officers' signatures on such contract shall constitute
conclusive evidence of the approval thereof.
Section 4. Secretary-Treasurer's Report. The Secretary-Treasurer shall
prepare a monthly report to the Board of Trustees of the District relating to the deposit and
investment of District funds pursuant to this Ordinance. The Secretary-Treasurer's monthly
report shall include a prospective overview of the Secretary-Treasurer's investment strategy for
the deposit and investment of District funds for the next succeeding monthly period and a
report regarding the deposit and investment of District funds for the preceding monthly period
including the performance of such funds for the reporting period.
Section 5. Security for Safekeeping of District Funds. For the security of the
funds deposited by the Secretary-Treasurer under the provisions of this Ordinance, the
Secretary-Treasurer shall, from time to time, submit a list of acceptable securities to be
approved by resolution of the Board of Trustees of the District and the Secretary-Treasurer
shall require of the Approved Depositary Banks as security for the safekeeping and payment of
deposits, securities from the list provided for in this section, which list may include only
securities of the kind and character permitted by state law and the District's Plan ("Approved
Collateral"). The list of Approved Collateral, attached hereto as Exhibit "E" is hereby
approved; provided that such list may be modified from time to time by resolution of the Board
of Trustees of the District. Such securities shall be delivered to the Secretary-Treasurer or to
a disinterested banking institution or safe depositary, as escrow agent or trustee, as directed
by the Secretary-Treasurer.
Section 6. Authorized District Representatives. All requests for transfers of
funds from District accounts to other accounts of the District maintained at the same Approved
Depositary Bank, other than transfers by check, may be authorized by telephonic, telegraphic,
oral or written request received from an Authorized Representative of the District. A transfer
of funds from District accounts in favor of third parties shall be authorized only at the request
of any two Authorized Representatives of the District. All checks drawn on any accounts of
the District shall be signed, either manually or by means of a check-signing machine, by any
Authorized Representative of the District; provided that checks of $5,000 or more may not be
signed by means of a check signing machine or other facsimile but only by manual signature,
and checks of $50,000 or more must be signed by the manual signatures of two Authorized
Representatives of the District. The Authorized Representatives of the District, which include
the Secretary-Treasurer, Assistant Secretary-Treasurer, General Counsel, Assistant Executive
Director, and Director of Administration of the District are hereby approved; provided that the
Board of Trustees may, from time to time, by resolution change such Authorized
Representatives of the District.
Section 7. Official Bonds. The Secretary-Treasurer of the District shall,
before entering upon the discharge of his duties hereunder, give bond in the sum of not less
than $1,000,000 to the District and any other Authorized Representative of the District shall
give bond in the sum of not less than $500,000; provided that the District may purchase such
bond in additional amounts which the Executive Director deems in the best interest of the
District, taking into consideration the security of District funds as well as the cost of such
bond. The bond shall be furnished with a surety company authorized to do business in the
State of Missouri and shall be in such form as may be prescribed by the General Counsel of
the District. The bond shall be filed in accordance with Section 7.070 of the District Plan.
Section 8. Prior Ordinances. The provisions contained in this Ordinance shall
take the place of and supersede the provisions of all prior ordinances or resolutions relating to
the same subject matter which are herewith inconsistent, including but not limited to
Ordinances No. 101, 15 and 7879 and Resolutions No. 2367, 2351, 1869, 1852, 1811, 471,
464, 72, and 62 and such ordinances and resolutions are hereby repealed.
EXHIBIT A
LIST OF APPROVED DEPOSITARY BANKS
Allegiant Bank
Bank of America
Bankers Trust Company*
Bremen Bank & Trust Company
Carrollton Bank
Cass Bank & Trust Company
Centennial Bank
Central West End Bank
Citizens National Bank
Colonial Bank
Commerce Bank of St. Louis
Commerce Trust
Commercial Bank
Concord Bank
Enterprise Bank
First Bank
First National Bank of St. Louis
Firstar
Founders Bank
Frontenac Bank
Gateway National Bank of St. Louis
Guardian Savings
Heartland Savings Bank
Jefferson Bank & Trust Company
Jefferson Heritage
Lindell Bank & Trust Company
Meramec Valley Bank
Mercantile Trust
Midwest BankCentre
Missouri State Bank
Montgomery 1st National Bank
Normandy Bank
Pioneer Bank & Trust Company
Pulaski Bank A Savings Bank
Reliance Bank
Rockwood Bank
Royal Banks
Saint John's Bank & Trust Company
South Side National Bank in St. Louis
Southern Commercial Bank
Southwest Bank
Star Bank
State Street Bank & Trust Co. of Mo., N.A.*
The Bank of New York*
Truman Bank
Union Planters Bank of Missouri
United Missouri Bank of St. Louis N.A.
United Missouri Trust
*Paying Agent Institutions Only
EXHIBIT "B"
DEPOSITARY CONTRACT FOR DEPOSITS
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT
THIS CONTRACT, made the _____ day of_________________,
200__, between the Secretary-Treasurer of The Metropolitan St.
Louis Sewer District (hereinafter the "District") and ___________
______________ (hereinafter the "Depositary");
WITNESSETH:
Pursuant to the provisions of Section 7.080 of the
District's Plan and Ordinance No.__________ of the District,
Depositary has been selected as a depositary of moneys of the
District; and it is hereby agreed as follows:
1. Demand Accounts. The Secretary-Treasurer of the
District will from time to time deposit moneys with Depositary on
demand deposit. The District agrees to establish and maintain with
Depositary the following demand deposit accounts:___________
_______________________________________________. Depositary agrees
to safely keep the demand deposits made hereunder, to promptly
collect all checks, drafts and other instruments of exchange
deposited with it under this contract, and to pay out such sums as
the District may draw by check or other transfer as hereinafter
provided.
2. Certification of Deposit. The Secretary-Treasurer of
the District will from time to time purchase certificates of
deposit from the Depositary. The rates of interest, basis of
calculation of interest, time of payment of interest and maturity
of each such certificate of deposit shall be as agreed to by the
District and the Depositary at the time of purchase.
3. Collateral for Deposits. The Secretary-Treasurer
shall from time to time provide the Depositary a list of approved
securities ("Securities") which may be provided as collateral for
District deposits. The current list of Securities is attached
hereto as Addendum A. To secure the safekeeping of the moneys
deposited under this contract, Depositary will deliver Securities,
in an amount at least equal in market value to the amount of
deposits of District and its subdistricts in the Depositary
hereunder, as directed by the Secretary-Treasurer. Such Securities
shall be delivered to the Secretary-Treasurer or to a disinterested
banking institution or safe depositary, as escrow agent or trustee
(the "Custodian") as directed by the Secretary-Treasurer in
writing. The current written direction of the Secretary-Treasurer
as to the Custodian for such Securities is attached hereto as
Addendum B. Depositary does hereby grant, bargain, convey and
pledge a security interest in any and all Securities deposited with
the Secretary-Treasurer of the District or the Custodian in
accordance with the terms of this contract. Upon an increase in
the deposits of the District in the Depositary, the Depositary will
- B-1 -
make additional deposits of Securities with the Secretary-Treasurer
or Custodian, equal in market value to the amount by which such
deposits have increased. Upon a decrease in the deposits of the
District in the Depositary, the Secretary-Treasurer of the District
shall consent to a withdrawal of deposits of Securities in such
amounts as will insure that all deposits are fully collateralized
in the amount required hereunder.
4. Accounting and Safekeeping of Securities. The
Secretary-Treasurer of the District may from time to time inspect
or request an accounting of the securities to determine that they
are kept and maintained as required in paragraph 3. Any expenses
charged by the Custodian for the deposit, safekeeping and
inspection of said securities shall be paid by Depositary. If in
any case, or at any time, the Secretary-Treasurer of the District
determines that the Securities given by Depositary do not
satisfactorily secure the deposits made or to be made hereunder,
the District may require additional or substitute security to be
given and Depositary shall furnish additional or substitute
security as is satisfactory to the Secretary-Treasurer of the
District.
5. Substitution of Securities. The Depositary may, at
any time with the consent of the Secretary-Treasurer, withdraw any
of the Securities deposited to secure the safekeeping of the moneys
deposited hereunder upon depositing in lieu thereof other
Securities of like kind and character and at least equal in market
value to the Securities withdrawn. Securities so deposited will be
pledged to secure payment by the Depositary of District funds as
directed by the District pursuant to the provisions hereof, and
such Securities shall be released and delivered to the District on
its sole demand made to the Custodian, in the event that the
Depositary should fail to pay such secured funds, or any part
thereof, as directed by the District pursuant to the provisions
hereof, and that securities so released and delivered to the
District shall be converted into money and the District shall use
the same in lieu of such secured funds.
6. Statement of Accounts. Depositary shall, at times
specified in writing by the Secretary-Treasurer of the District,
render a statement showing the daily balance, or amount of money,
held by it under this contract and shall include with such
statement all cancelled checks drawn on any accounts of the
District covered by such statement.
- B-2 -
7. Conversion of Securities. In the event that
Depositary defaults in any manner in performing any of the terms
and conditions of this contract between the parties or fails to
keep safely the moneys deposited with it, or to pay any demand
ordered by the Secretary-Treasurer of the District, the Secretary-
Treasurer of the District shall be authorized forthwith without
notice, advertisement or demand and at public or private sale to
convert into money the Securities deposited by Depositary or as
many of them as may be necessary to pay the whole amount of the
moneys deposited; and District may purchase at the then market
value any or all of the Securities sold at any such sale.
8. Charges for Services. The District will be
responsible for all charges for services provided by Depositary, as
mutually agreed in the attached Pricing Schedule, Addendum C. The
Depositary agrees to give the District 60 days advance written
notice prior to the effective date of any changes in Pricing
Schedule, Addendum C. The Depositary will bill the District
monthly for charges for services and will not automatically debit
any account of the District maintained with the Depositary for such
charges. The Depositary retains its right to set off against any
such account for charges which remain unpaid 30 days from date of
billing, provided that if the District disputes any charge within
such 30 day period the Depositary's right to set off with respect
to such disputed charge may only be exercised for such charges
which remain unpaid 30 days following notice by the District to the
Depositary that such charge is in dispute.
9. Transfer of Funds. The Depositary is authorized to
honor, execute and charge to the District's account at the
Depositary all telephonic, telegraphic, oral or written requests
received from an Authorized Representative of the District for
transfers of funds from District accounts to other accounts of the
District maintained with Depositary, provided that a transfer of
funds from District Accounts in favor of third parties, other than
a transfer by check, shall be made by the Depositary at the request
of any two Authorized Representatives of the District. The names,
offices, manual signatures and facsimile signatures of individuals
presently serving as Authorized Representatives of the District are
set forth on Addendum D. The Executive Director and Secretary--
Treasurer of the District shall notify the Depositary in writing of
any changes in such Authorized Representatives of the District.
10. Checks of the District. The Depositary is
authorized to honor, execute and charge to the District's accounts
at the Depositary all checks drawn on any such accounts, signed
either manually or by means of a check signing machine, by any
Authorized Representative of the District as set forth in Addendum
D; provided that checks of $5,000 or more may not be signed by
means of a check signing machine or other facsimile but only by
manual signature and checks of $50,000 or more must be
- B-3 -
signed by the manual signatures of two Authorized Representatives
of the District.
11. Assignment. Depositary shall not transfer by
assignment, subcontract or otherwise any interest in this contract
without the prior written consent of the SecretaryTreasurer of the
District.
12. Access. Depositary shall permit reasonable access
by the Secretary-Treasurer of the District for purposes of
performing audit procedures relating to any aspect of services
provided by Depositary to District in connection with this
contract.
13. Records. Depositary shall maintain complete records
relating to deposits made hereunder in accordance with state and
federal laws, rules and regulations. No listing, report or other
material generated from date covered by this contract may be
disclosed or transferred by Depositary to any other person, except
as required by state and federal laws, rules and regulations, and
then only after notice to the Secretary-Treasurer of the District.
14. Term. This contract shall continue in force and
effect until ________________, provided that such contract shall
automatically renew on each June 30 for an additional one year
period unless Depositary is notified by the Secretary-Treasurer of
the District that this contract will terminate on such June 30;
provided, however, that each party reserves the right to terminate
this contract at any time on giving sixty (60) days written notice
to the other party of its intention to do so, and this contract
shall continue in effect until so terminated.
15. Depositary Resolution. There is attached hereto a
certified copy of the resolution adopted by the Board of Directors
of Depositary authorizing the execution and delivery of this
contract by the officers of Depositary, whose names are affixed on
behalf of Depositary.
16. Modification. This Agreement and Addendum may be
modified or amended only in writing and agreed to by both parties.
17. Applicable Law. This Agreement and all sections
thereof shall be governed by the laws of the State of Missouri.
[18. Additional Services. The Depositary and the
District mutually agree that the Depositary shall perform certain
additional banking services as described in Addendum E under the
terms and conditions as described in Addendum E, which is
incorporated herein by reference; provided that in the event of
conflicts between this contract and Addendum E, as to the
- B-4 -
services described in Addendum E the provisions of such Addendum
shall control.]
IN TESTIMONY WHEREOF, the parties have executed this
contract in duplicate and hereunto subscribed their names and
affixed their seals as of the date first above written.
(SEAL) THE METROPOLITAN ST. LOUIS SEWER
DISTRICT
By ______________________________
Executive Director of The
Metropolitan St. Louis Sewer
District
ATTEST:
_____________________________
Secretary-Treasurer
Approved as to form:
_____________________________
General Counsel
(SEAL) ______________________________
By ______________________________
Title: __________________________
ATTEST:
_____________________________
Secretary or
Assistant Secretary
- B-5 -
ADDENDUM A
SECURITIES ACCEPTABLE AS COLLATERAL
TO SECURE DEPOSITS
The securities described below are hereby designated as acceptable collateral for District funds
on deposit, as required by Section 30.270 RSMo (as amended). The Secretary-Treasurer
reserves the right to refuse to accept as collateral any security or securities on this list, or to
request the submission of an alternate acceptable security or securities, if, in the sole
discretion of the Secretary-Treasurer, the Secretary-Treasurer determines that such action will
provide greater security for the deposit of District funds.
The securities described below are designated as acceptable collateral for the deposit of
District funds. The listing is not intended to serve as, and should not be considered as a
listing of legally authorized investment instruments.
1. Marketable Treasury securities of the United States.
2. The following debt securities of the State of Missouri and its state authorities:
a. General obligation debt securities issued by the State of Missouri.
b. Revenue bonds issued by the Missouri Board of Public Buildings or
Department of Natural Resources.
c. Revenue bonds of the Missouri Housing Development Commission, Missouri
Health and Education Facilities Authority, Missouri Higher Education Loan
Authority, Missouri Environmental Improvement and Energy Resources Authority,
Missouri Agricultural and Small Business Development Authority, Missouri
Industrial Development Board, or State-owned educational institutions, so long
as any of the above are rated "A" or better by Moody's or Standard & Poors
(M1 on notes, or are secured by a federal agency guarantee (directly or
through guaranteed loans).
3. General obligation bonds of any city in this state having a population of not less than
two thousand.
4. General obligation bonds of any county of this state.
5. General obligation bonds approved and registered, of any school district situated in this
state.
6. General obligation bonds, approved and registered, or any special road district in this
state.
7. General obligation state bonds of any of the 50 states.
8. Debt securities of the Federal Farm Credit System.
9. Debt securities of the Federal Home Loan Banks (FHLB) (excluding Zeros).
10. Other debt securities guaranteed by the United States or its agencies or
instrumentality's, as follows:
a. Debt securities of the Federal National Mortgage Association (FNMA).
b. Debt securities of the Student Loan Marketing Association (SLMA).
c. Debt securities of the Government National Mortgage Association (GNMA).
d. Debt securities of the Federal Home Loan Mortgage Corporation (FHLMC)
(excluding FHLMC Mortgage Cash Flow Obligations).
e. Guaranteed Loan Pool Certificates of the Small Business Administration (SBA).
f. Federal Home Administration insured notes (CBOs).
g. Public housing notes and bonds ("project notes and bonds") issued by public
housing agencies, guaranteed as to the payment of principal and interest by the
government of the United States or any agency or in instrumentality thereof.
h. Debt securities of the Resolution Funding Corporation (REFCORP).
All pledges of pass-through mortgage-backed securities will be valued at 90% of
market value. SBA pool certificates and collateralized mortgage obligations will be
valued at 75% of market value. The only Collateralized Mortgage Obligations (CMO)
the Secretary Treasurer's Office will accept are Planned Amortization Class (PAC)
Collateralized Mortgage Obligations that have a weighted average life not to exceed
three years and pass the FFIEC High Risk Stress Test. No Strips or Zeros are
acceptable.
11. Bonds of any political subdivision established under the provision of Section 30, Article
VI, of the Constitution of Missouri.
12. Tax anticipation notes issued by any county of class one in Missouri.
13. Surety bond issued by an insurance company licensed under the laws of the State of
Missouri whose claims-paying ability is rated in the highest category by Duff & Phelps,
A.M. Best, Standard & Poors, or Moody's. The face amount of such surety bond shall
be at least equal to the portion of the deposit to be secured by the surety bond.
14. Irrevocable standby Letter of Credit issued by a Federal Home Loan Bank possessing
the highest rating issued by at least one nationally recognized statistical rating agency.
Unless noted otherwise, the market value of collateral must be 100% or greater of the amount
of District time deposits (including interest to maturity) plus demand deposits with the
depository, less the amount, if any, which is insured by the Federal Deposit Insurance
Corporation. All securities pledged as collateral by the depository will be held by the
Secretary-Treasurer, in a segregated account. All collateral pledged must be delivered in
bearer form, book-entry form, or in the case of fully registered certificates, placed into the
nominee name of the custodian.
ADDENDUM B
DIRECTION REGARDING CUSTODIAN OF SECURITIES
ADDENDUM C
PRICING SCHEDULE
ADDENDUM D
AUTHORIZED REPRESENTATIVES OF THE DISTRICT
Title Name Signature Facsimile
Secretary-Treasurer _____________ ____________ _____________
General Counsel _____________ ____________ _____________
Assistant
Secretary-Treasurer _____________ ____________ _____________
General Counsel _____________ ____________ _____________
Assistant
Executive Director _____________ ____________ _____________
Director of
Administration _____________ ____________ _____________
- B-10 -
ADDENDUM E
ADDITIONAL SERVICES
EXHIBIT "C"
LIST OF APPROVED SECURITIES DEALERS
Primary Government Securities Dealers*
ABN AMRO Incorporated
Aubrey G. Lanston & Co. Inc.
Banc of America Securities L.L.C.
Banc One Capital Markets, Inc.
Bear, Stearns & Co., Inc.
Barclays Capital Inc.
Chase Securities Inc.
CIBC World Markets Corp.
Credit Suisse First Boston Corporation
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Donaldson, Lufkin & Jenrette Securities Corporation
Dresdner Kleinwort Benson North American L.L.C.
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J.P. Morgan Securities, Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nesbitt Burns Securities, Inc.
Nomura Securities International, Inc.
Paine Webber Incorporated
Paribas Corporation
Prudential Securities Incorporated
S.G. Cowen Securities Corporation
Salomon Smith Barney Inc.
Warburg Dillon Read L.L.C.
Zions First National Bank
_______________________
*Such Primary Government Securities Dealers shall be those
certified as such, from time to time, by the New York Federal
Reserve Bank.
Securities Dealers in the District
First St. Louis Securities Inc.
A. G. Edwards & Sons, Inc.
First Union Securities
Stifel Nicolaus & Co., Inc.
District Authorized Depositary Banks
The foregoing Ordinance was adopted February 8, 2001 by the following vote –
Ayes – T.W. Purcell, M.G. Reichert, M.C. Williams, P.P. Finn, and J.W. Siscel.
Nays – None.
Secretary-Treasurer