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R E S O L U T I O N NO. 2172
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 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.
Such investment managers shall be either (a) registered as an
investment adviser under the Investment Advisers Act of 1940, (b)
the securities of investment companies (mutual funds) registered
under the Investment Company Act of 1940, (c) a bank common or
collective trust fund as defined in the Investment Advisers Act of
1940, (d) a legal insurance company qualified to manage, acquire or
dispose of plan assets under the laws of Missouri, 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
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,
and
WHEREAS, Resolution No. 2166, adopted January 12, 1995,
specified the manner in which the assets of the Pension Fund of The
Metropolitan St. Louis Sewer District are to be invested.
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.
(A) Radnor Capital Management is hereby
appointed as an investment manager
of the Value Equity Asset Component
as specified in Resolution No. 2166.
(B) Carl Domino Associates L.P. is
hereby also appointed as an
investment manager of the Value
Equity Asset Component as specified
in Resolution No. 2166.
(C) Collective Equity Fund as managed by
Mississippi Valley Advisors, Inc. is
hereby appointed investment manager
of the Growth & Income portion of
the Equity Component assets as
specified in Resolution No. 2166.
(D) Twentieth Century Select Fund is
hereby appointed investment manager
of the Growth portion of the Equity
Component assets as specified in
Resolution No. 2166.
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(E) Patterson Capital Corporation is
hereby appointed a fixed income
investment manager to manage a
portion of the Fixed Income
Component assets as specified in
Resolution No. 2166.
(F) Mercantile Trust Company is hereby
appointed investment manager of the
Short Term Investment Fund (STIF)
portion of the Fixed Income
Component assets as specified in
Resolution No. 2166.
BE IT FURTHER RESOLVED that the Executive Director, with
the approval of the Chairman of the Board of Trustees of The
Metropolitan St. Louis Sewer District, is hereby authorized and
directed to execute any necessary instruments to give effect to the
foregoing.
The foregoing Resolution was adopted March 9, 1995.