RES 93061 - Laserfiche WebLink

6. Eligible securities are these listed in C 'rnment Code Section 53651. Eligible securiEies U.S. Treasuries. 7. The Agent of Deposito , authorized b die Treasurer and the Depository to hoed the elgibile securities posted a~s'C 4his contrOt ~ank of ~alifornia -, Said Agent of~e~ito~ has filed with the Administ~tor of Local Ageng Securi~ of the S[a~e with the provisions o[ Title 5, Division 2, Pa~ 1, Chapter 4, A~icle 2 (commencing with Se:tion 53630) of the Government C~e. A C~DY Of this a~reeme: is attached hemto. - 8. Authority for placement of securities for safekeeping in accordance with Government Code Section 53659 is hereby g~nted to the Agent c Densitem, including piecement with any Fede~l Rese~e Banks or branches thereof, and the following ban~, other than the Depositor, located i cities designated as reSe~e cities by the Board of Governors of the Federal Rese~e System: Bank of California 9. If the'D~posit6ry fails to pay all or part of any deposits of the Treasurer which are subject to this contract when ordered to do so in accordan: with the terms of withdrawal set forth on the deposit receipt (which is by reference made a part hereof}, the Treasurer will immediately notify, in writing the Administrator of Local A~ency Security. Action of the Administrator in converting the collateral required by Paragraph 5 above for the benefit of th lreasurer is governed by Government Code Section 53665. 10. The Depository may add, substitute or withdraw eligible securities being used as security for deposits made hereunder in accordance wit Government Code Section 53654, provided the requirements of Paragraph 5 above are reel 1L The Depository shall have and hereby reserves the right to collect the interest on the securities, except in cases where the securities are tiabl to ½ale or are sold or converted in accordance with the provisions Of Government Code Section 53665. 12. The Depository shall bear and pay the expenses of transportation to and from the Treasurer's office of moneys so deposlted and the expense c transportation of eligible securities maintained as collateral to and from the designated Agent of Depository. The Depositocy shall also handle, colleo and. pay all checks, drafts and other exchange without cost to Depositor. 13. This contract, the parties hereto, and all deposits governed by this contract shall be subject in all respects to Title 5, Division 2, Part.: Chapter 4, Article 2 (commencing with Section 53630) of the Government Code, and of all other state and federal laws, statutes, rules and regulation applicable to such deposits, whether now in force or hereafter enacted or promulgated, all of which are I:;~ this reference made a part hereof. IN WITNESS WHEREOF, the Treasurer in his official capacity has signed this contract in duplicate and the Depository has caused this contract t be executed in like number by its duly authorized officers. TREASURER: DEPOSITORY: City of Pleasanton Conmu ity First National Bank BY'Susan Rossi, Finance Director Robert C. Philc~x, cna r~a cf ~he Board and CEO By. By ..~f ~ ~ C)~,~-~-~_-~ tac~ R~t~~~ions [CORPORATE SEAL] rAttachment]