RES 93061 - Laserfiche WebLink

8. The Agent Of me Bank. wmcn the Treasurer and the Bank hereby aumor~ze to nola the engID~e securmes Dostea as collateral under m~s contract. ~s me TRUST DEPARTMENTof BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION. The Agent cf me Bank nas bled with me Adm,mstrator of Local Agency Security of me State of Cahtorn,a an agreement to comDiy In all respects wire all brOwSiOnS Of the LOcal Agency DeDoslt Security Law and Local Agency DeDosit Security Regulations of the Government Code of the State Californ,a. A copy of me agreement .s attached nereto. 9. Autnorr~v for D~acement of securmes for safeKeeOmg m accordance w~tn Government Code Sec~lcr' 53659 ,s hereby granted to ~ne Agent of me Bank. Including Didcement wIre any Federal Reserve Banks or branches mereof. 10. If the Bank fa,ls to Day all or Dan of any moneys on deDoS~t Of the DeDosltor which are SubjeCt to contract when ordered to ao so ~n accordance w,m me terms of w~tnarawal set tOrtR On me deposit rece,Dt ~wnlcn Oy reference made a Dan hereof). the Treasurer w~tl ~mmediately notify. ~n writing. the Aam,mstrator of Local Agency Security of me State of Califorma. Action of the Administrator in c~ "'err;rig tt~e collateral reau|red Dy ParagraDn 5 above for me Donefit of me Depositor ,s governed Dy Governmen: '~ Section 53665 11. The Bank may add. suDst;tute Or w~mdraw eligfiDle s- '.es Demg used as security for deposits m, aae nerounder in accordance wren Government Code Secnon 53654. Dr; :ecl the reau~rements of Paragraph 5 above are met. The Bank snail not ,ntercnange classes of security (as defined in Government Code Section 53632.5 } w,tncu: the prior written approval of the Treasurer. 12. The Bank snail nave and hereby reserves me r~gnt to collect the roterest on me securmes excecr cases where me securmes are t~aDie to sale or are sold or convened m accordance w~m me Drows~on ot Governme,.', coOe Secnon 53665. 13. The Bank will Day all exDenses recurred in .transDorting eligible securities maintained as collateral for moneys on cleOos~t to and from roe Agent of the Bank'. The Depositor w~ll Day (or DromOtly rmmOurse fine Bank for or otherwise comOensate me Bank for) all exOenses recurtea ~n transDonmg all moneys deposited w~tn the Bank to and from the Treasurer s office. The DeOos~tor will Day me Bank (or omerw~se comDensate for Bank for) me tees and charges etatool m me Bank' s men current Scneclule of Cl~arges (unless the Bank anti the Treasurer omerw,se agree l for nanclhng. collecting ancl Dayrag all checks. clratts anti omer exchange or sacurines accora,ng to the Bank s norma~ bractiCes. 14. Th~s contract. me parties nereto, anti all cleDos~ts governecl by ttl~s contract snail De suDlect resDects to Title 5. Division 2. Pan 1, Cl~aOter 4, Article 2 (comrnencmg w~tl~ Section 53630l of me Government Code of ~e State of Califorma. and of all omer state ancl feOeral laws, statutes, rules and regulations aDDlecable to such deDOs|ts. wnemer now m force or neroafter enacteo or Dromulgatecl. all of wmcn are oy tn~s reference maae a hereof. IN WITNESS WHEREOF. the Treasurer ~n ms offic;al capacity has s~gnea tr . contract sn cluacrucncate anti me Bank has caused ~ls contract to De execute0 in like number Oy sts Ouly autnonzeo OffiCer. TREASURER OF: BANK: lANK OF AMERICA Cicv o _: ?leasan:o,n NATIONAL TRUST AND SAVINGS ASSOCIATIOn: NAME OF LOCAL AGENCY BY BY .',l~hon~e Chs:, jr. 5.G~AT~IaE AUTW(:)IIIZED OFfiCEm ATTACHMENT