HomeMy WebLinkAboutResolution No. 2002-030 Coastal Securities Account - FinanceRESOLUTION NO. 2002-30
A RESOLUTIION UTHORIZING
INVESTMENT AG EMENT WITH
COASTAL $EC RITIES, L.P.
BE IT RESOLVED that the City of Edir.
Coastal Securities, L.P ("Coastal") and that J
successors in office, who is/are Officer(s)of th
agreements or commitments (including, witout
is used in the securities industry), to purchase of
City of Edina's Investment Police (as attached) a
may be required in connection with any of the
such authorized officer or agent may deem to be
BE IT FURTHER RESOLVED that th
Edina to sign any necessary documentation; to
said transactions; to obligate the City for th
transaction; to pay by cash, check or wire and t
affix the corporate seal to legal documents and
pass title thereto; to direct you to surrender s,
effecting an exchange; to accept delivery of sf
actions in the name of and on behalf of 'saii
necessary with respect to said transaction; and
BE IT FURTHER RESOLVED that C4
the City of Edina representation that any and
authorized investments under the City's appli,
City of Edina represents that it will provide, to
requirements, and that it will notify Coastal f
BE IT FURTHER RESOLVED that t
directed to certify, under the seal of the City of
1. a true copy of these resolutions;
2. specimen signature(s) of each aT
BE IT FURTHER RESOLVED that the
shall continue in full force and effect until revok
City and written notice is received by you a
Houston, Texas 77056 (or any future office wl
notice setting forth a resolution adopted to effect
the new signatory and/or person authorized
transactions.
City of Wina
open an account or accounts in its name with
hn Wallin, and/or Gordon Hughes, or their
City of Edina, is/are au orized to enter into
imitation, standby comm tments, as such term
sell any and all securities as authorized by the
d to deliver such cash or ecurities collateral as
)regoing on such terms d conditions as any
1 the best interests of said ity, and;
Officer is authorized on ehalf of the City of
,ive written or oral instructions with respect to
carrying out of any contract, agreement, or
order the transfer of securities to any name; to
endorse securities and/o contracts in order to
urities to the proper agent for the purpose of
arities; and generally to take any and all such
City that would be conssidered desirable and
tal may rely upon the act ons of the Officer as
securities and/or loans p chased are legal and
le policies and/or statutrequirements. The
oastal these applicable po icies and/or statutory
y changes made.
Clerk of the City of Ed na is authorized and
ina, to you:
every person by these resolutions empowered.
foregoing authorized po ers and signatory(s)
,d or modified by the Edina City Council of said
your office at 5555 San Felipe, Suite 2200,
rich the City of Edina is made aware of), such
said revocation or modification and authorizing
to obligate the City o Edina in securities
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX (952) 826-0390
EDINA, MINNESOTA 55424-1394 TDD (952) 826-0379
I FURTHER CERTIFY that said resolu
modification, on the date hereof and are not in co
of the City of Edina.
IN WITNESS WHEREOF, I have he�reun
the City of Edina this ninetieth day of March, 200:
AUTHORIZATION:
Jein Wallin, Director of Finance
ATTEST:
Clerk
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE Ol
I, the undersigned duly appointed and acting
certify that the attached and foregoing R sols
Council at its Regular Meeting of March 19, 21
Regular Meeting.
WITNESS my hand and seal of said City this _
2
are still in full
with any of the
subscribed my name
by order of the Edina
M
nd effect, without
ons of the by-laws
affixed the seal of
Council.
Manager
,or
FY CLERK
� Clerk for the CityEdina do hereby
1 was duly adopted y the Edina City
and as recorded in t e Minutes of said
day of
,20
City Clerk