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R1776 à *ÔR E S O L U T I O N NO. 1776•ƒ ÁÁ WHEREAS, Section 9.3 of the Pension Plan of The Metro-politan St. Louis Sewer District provides that the Board of Trustees of the District may, from time to time, appoint one or more invest¬ment managers to act on behalf of any Trustee or Trustees of the Pension Plan with respect to all or a specified portion of the assets of the Pension Fund held by said Trustee, and WHEREAS, Section 9.4 of the Pension Plan of The Metro-politan St. Louis Sewer District provides that the Board of Trustees of the District may, from time to time, direct the Trustee of the Pension Plan 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 Plan, and will continue in that function, NOW, THEREFORE, BE IT RESOLVED that the following investment managers be appointed to act on behalf of the Trustee of the Pension Plan with respect to the assets of the Pension Fund of The Metropolitan St. Louis Sewer District in the manner as hereafter provided. ÁÁ (A)Ì ÌLoomis, Sayles & Company, Incorporated is hereby appointed investment manager of no more than Ten Million Dollars ($10,000,000.00) of the Pension Fund, with a primary objective of selling exhangeªtraded covered call options.ÞJÞ (B)Ì ÌAnalytic Optioned Equity Fund is hereby appointed investment manager of no more than Ten Million Dollars ($10,000,000.00) of the Pension Fund, with a primary objective of selling exchange©tradedÜj Ü covered call options.ÞJÞ ÁÁ (C)Ì ÌThe Patterson Capital Corporation is hereby appointed investment manager of no more than Ten Million Dollars ($10,000,000.00) of the Pension Fund, with a primary objective of managing a fixed income portfolio.ÞJÞ (D)Ì ÌMercantile Trust Company is hereby appointed investment manager of no more than Ten Million Dollars ($10,000,000.00) of the Pension Fund, with a primary objective of managing a balanced investment fund.ÞJÞ The foregoing Resolution was adopted July 23, 1986.