92-10 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date: January 27, 1992
Resolution No. 92-10
Motion By:
Mason Seconded By: Dimler
RESOLUTION
WHEREAS, the Oity wishes to engage the services of Prudential
Securities Incorporated for the purpose of the purchase and sale of
exempted securities (as that term is defined in the Securities
Exchange Act of 1934, as amended).
NOW, THEREFORE, BE IT RESOLVED, by the Chanhassen City
Council:
1. That an account be opened by the City of Chanhassen with
Prudential Securities Incorporated (hereafter referred to
as PSI), members of the New York Stock Exchange, and of
the other stock exchanges, to purchase, sell, and/or deal
in any and all investments which the Oity is authorized
by statute to purchase, and that all orders and instructions,
written or oral, upon said account be given by the
Ohanhassen City Manager/Olerk and/or his designees.
2. That the Chanhassen Oity Manager/Olerk and/or his
designees be and hereby authorized and directed to
execute and deliver on behalf of the Oity of Chanhassen
any customer's agreement required by PSI, and to enter
into, execute and deliver, any and all other agreements,
documents, releases, and writings that may be required
by said PSI for the opening and/or continuing of said
account in connection with any transactions relating to
said account or to any securities, moneys, or other
property of the City of Chanhassen, whether or not in
said account; and
3. That until PSI shall receive due written notices of
change or rescission of these resolutions, said PSI
may rely upon the authority contained in these
resolutions as continuing fully effective, and said
PSI may rely upon any certified copy resolutions,
specimen signatures, or other writings, signed on
behalf of the City of Chanhassen by the Chanhassen
City Manager/Clerk and/or his designees; the acceptance
of any other form of notice shall not constitute a waiver
of this provision; and
4. That any and all orders and instructions heretofore
given said PSI on behalf of the City of Chanhassen
by the Chanhassen City Manager/Clerk and/or his
designees, are hereby in all respects ratified,
confirmed, and approved; and
5. That the foregoing resolutions and the certificates
actually furnished to PSI by the Chanhassen City
Council, be and they hereby are made irrevocable, and
shall be fully effective as to any transactions for
the account of the City of Ohanhassen notwithstanding
that the account may have been temporarily closed or
inactive, until written notice of the revocation thereof
shall have been received by PSI.
ADOPTED by the City Council of the City of Chanhassen this
?7th day of January , 1992.
ATTEST:
Don Ashworth, Clerk/Manager
Dona 1 d J...~:¢hm~ e 1, Mayo~r-
YES
Chmiel
Wing
Workman
Dimler
Nnn~
NO
Nnn~
ABSENT
Mason