RES 86434 - Laserfiche WebLink

ADTZSII~-'~ amthor~sed to use affiliated brokerage- firms ca oocaalom: to exeeut~,.~and ole,~, ~r,ns,o~ions in furnishing lnvee~aen~ supervisor~ servioeW~V~rQLZglTo Such firms may make a profit on such ~ransaotionm by ohargln2thetr usual. oustsmary fees or commissions or by marking up or down securities fop wblob,=the~ act aa principal. ADVISER wall not be-required to take any action or render any advise w~th respee~ to the voting of portfolio seourit~es unless otherwise agreed hereafter,. ~. Account Report. ADVISER shall furnish CLIENT monthly appraisals of the account reflecting cash and market values of securities computed on last sale or bid prices on the last business day of the month. Where a quotation is not readily available for a security, it will be valued at fair value as determined by ADVISER. ADVISER shall not be responsible for the accuracy of any information disclosed in any report which is furnished by CLIENT, the custodian, or any other party. ~. Fee Schedule. The annual fee, based on the market value of the account under supervision, shall be: For investment management: ]0/100's of 1t Minimum fee: $ ~ · . Fees shall be computed quarterly based on the average market value during the quarter. Fees for an initial or final period, if less than a full quarter, will be prorated accordingly. The first fiscal quarter shall begin on July 1, 1986. ADVISER shall receive no start-up or closing fees; there are no penalty fees. ADVISER is authorized to present its fee billing to the undersigned CLIENT's custodian for payment in accordance with standing instructions. 5. Termination. This Agreement may be terminated by either party at any time upon written notice. Fees shall be prorated to the date of termination and any unearned portion of prepaid fees shall be refunded to CLIENT. This Agreement may not be assigned by ADVISER without the prior written consent of CLIENT. 6. Miscellaneous. This Agreement shall be governed and construed in accordance with the laws of the State of California, excluding the rules relating to choice of law, and shall be binding upon and inure to the benefit of the successors of CLIENT and ADVISER. Any action arising out of dispute concerning the provision of this Agreement and the rights and liabilities of the parties hereto shall be brought only in Los Angeles, California. By executing this Agreement, CLIENT acknowledges that CLIENT has received and read the Supplementary Information attached hereto. CITY OF PLEASANTON PACIFIC CENTURY ADVISERS, INC. By: By: Title: Title: Date: Date: