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R2333 R E S O L U T I O N NO. 2333 WHEREAS, The Metropolitan St. Louis Sewer District, pursuant to Ordinance No. 9950, adopted September 12, 1996, provides for the benefit of its employees a Deferred Compensation Plan in compliance with Section 457 of the United States Internal Revenue Code (ACode@), and WHEREAS, in order to remain in compliance with the Code, compensation deferred under said Deferred Compensation Plan shall at all times remain the sole asset of the Deferred Compensation Plan Trust of The Metropolitan St. Louis Sewer District, and a separate book account will be maintained for each participant to prescribe the investment of said Deferred Compensation through a Participant Agreement, and WHEREAS, it is the fiduciary responsibility of the Trustees of The Metropolitan St. Louis Sewer District to provide appropriate investment options, NOW, THEREFORE, BE IT RESOLVED that the Vanguard Group and Lincoln National Life be appointed as investment advisors to act on behalf of the Deferred Compensation Plan of The Metropolitan St. Louis Sewer District. 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 to execute any necessary instruments to give effect to the foregoing. The foregoing Resolution was adopted August 5, 1999.