HomeMy WebLinkAboutResolution 95-076RESOLUTION NO.95-76
APPROVING AGREEMENT WITH MELLON TRUST
COMPANY TO ACT AS MASTER CUSTODIAL SERVICES
BANK
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY
SANITATION DISTRICTS NOS.1,2,3,5,6,7,11,13 AND 14 OF ORANGE
COUNTY,CALIFORNIA,APPROVING AN AGREEMENT WITH MELLON
TRUST COMPANY TO ACT AS MASTER CUSTODIAL SERVICES BANK
WHEREAS,the Districts have determined to retain the services of an Investment
Manager and have approved an Agreement with Pacific Investment Management
Company,who will be responsible for the management of the Districts’Liquid Operating
Monies’and Long-Term Operating Monies’portfolios;and,
WHEREAS,the Districts have determined that it is in their best interests to engage
the services of a Custodial Bank for purposes of custodial safekeeping of the Districts’
securities and to provide investment accounting and reporting services of their Investment
Program.
NOW,THEREFORE,the Boards of Directors of County Sanitation Districts Nos.1,2,
3,5,6,7,11,13 and 14 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That certain Agreement by and between the Districts and Mellon Trust
Company,as the Master Custodial Services Bank,dated to be effective July 1,1995,is
hereby approved.
Section 2 That the General Manager,or his designee,is authorized to execute said
Agreement and all other documents and instruments related to the implementation of said
Agreement,all of which shall be in a form approved by the Districts’General Counsel.
PASSED AND ADOPTED at a regular meeting held June 28,1995.
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STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE
I,PENNY KYLE,Secretary of the Boards of Directors of County Sanitation Districts
Nos.1,2,3,5,6,7,11,1 3 and 14 of Orange County,California,do hereby certify that
the foregoing Resolution No.95-76 was passed and adopted at a regular meeting of said
Boards on the 28th day of June,1995,by the following vote,to wit:
AYES:George Brown,John Collins,John C.Cox,Jr.,Jan Debay,Barry
Denes,Shirley Dettloff,Burnie Dunlap,Norman Z.Eckenrode,James
M.Ferryman,James H.Flora,Don R.Griffin,John M.Gullixson,Barry
Hammond,Victor Leipzig,Wally Linn,Pat McGuigan,Jim Potts,
Margie L.Rice,Julie Sa,Sal A.Sapien,Sheldon S.Singer,Roger R.
Stanton,William G.Steiner,Peer A.Swan,Charles E.Sylvia,Bob
Zemel
NOES:None
ABSENT:Cecilia L.Age,Mark A.Murphy
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of
County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,11,13
and 14 of Orange County,California,this 28th day of June,1995.
Penny Kyle,Se~rptar
Boards of Direc’tórs,C unty Sanitation Districts
Nos.1,2,3,5,6.7,11,l3and l4of
Orange County,California
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