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R1810 R E S O L U T I O N NO. 1810 WHEREAS, Resolution No. 1776, adopted July 23, 1986, appointed investment managers 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, and WHEREAS, in said Resolution No. 1776, Mercantile Trust Company was 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, and WHEREAS, said Mercantile Trust Company has formed a wholly-owned investment counselling subsidiary, known as Mississippi Valley Advisors, Inc., for the management of tax-exempt investment portfolios such as the portion of the District's Pension Fund subject to the management by Mercantile Trust Company, and WHEREAS, The Board of Trustees of The Metropolitan St. Louis Sewer District wishes to officially designate Mississippi Valley Advisors, Inc. as investment manager of that portion of the Pension Fund of the District as previously managed by Mercantile Trust Company, NOW, THEREFORE, BE IT RESOLVED that Mississippi Valley Advisors, Inc. is hereby appointed to act on behalf of the Trustee of the Pension Plan of The Metropolitan St. Louis Sewer District as investment manager of no more than Ten Million Dollars ($10,000,000.00) of the Pension Fund of The Metropolitan St. Louis Sewer District, with a primary objective of managing a balanced investment fund. The foregoing Resolution was adopted July 16, 1987.