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R1693 R E S O L U T I O N NO. 1693 WHEREAS, Section 9.3 of the Pension Plan of The Metropolitan St. Louis Sewer District provides that the Board of Trustees of the District may, from time to time, appoint one or more investment managers to direct any Trustee or Trustees with respect to all or a specified portion of the assets of the Pension Fund held by the Trustee, and WHEREAS, Section 9.4 of the Pension Plan of The Metropolitan St. Louis Sewer District provides that the Board of Trustees of the District may, from time to time, direct the Trustee to invest a specified portion of the Pension Fund in a particular asset or assets, and WHEREAS, Mercantile Trust Company has been designated as Trustee of said Pension Fund, NOW, THEREFORE, BE IT RESOLVED that the following named investment managers be named to direct the Trustee with respect to the assets of the Pension Fund of The Metropolitan St. Louis Sewer District in the manner as hereafter provided. (A)Loomis, Sayles & Company, Incorporated, Analytic Investment Management, Inc. and Midwest Advisory Services, Inc., are hereby appointed investment managers with respect to the portions of the Pension Fund specified below and thereafter with respect to the assets attributable to such portions. (B)Twenty-six percent (26%) of the Pension Fund is to be subject to the management of Analytic Investment Management, Inc., with a primary objective of selling exchange-traded covered options. (C)Twenty-four percent (24%) of the Pension Fund is to be subject to the management of Loomis, Sayles & Company, Incorporated, with a primary objective of selling exchange-traded covered (call) options. (D)Twenty-four percent (24%) of the Pension Fund is to be subject to the management of Midwest Advisory Services, Inc., with a primary objective of managing investments in bonds. (E)The balance of the Pension Fund shall be held by the Trustee pursuant to the terms of the Trust Agreement, with the provision that their holdings shall not exceed forty percent (40%) in equities. BE IT FURTHER RESOLVED that the Trustee is hereby directed to allocated future contributions to each of the investment managers as hereinafter specified. (A) 50% Mercantile Trust Company (B) 20% Analytic Investment Management, Inc. (C) 15% Loomis, Sayles & Company, Incorporated (D) 15% Midwest Advisory Services, Inc. The foregoing Resolution was adopted November 23, 1983.