RES 86434 - Laserfiche WebLink

INVESTMENT GUSTODIAL AGREEMENT (Without Investment Services) No. heroinafter Galled Customer, hereby employs SECURITY PACIFIC NATIONAL BANK, a national banking association, in its capacity as custodian, herei'nafter Galled wSeourityw, to provide the services hereafter sot forth with respect to the property described in the attached Schedule of Assets and such other property as is from time to time held hereunder. CUSTODIAL SERVICES Security shall safekeep all property ("principalw) delivered to it, shall identify such property on its books and records as property of Customer, shall receive the income attributable thereto, and shall hold, invest, disburse or otherwise dispose of such income and principal, or its proceeds, pursuant to the provisions of this Agreement. CAPITAL CHANGES It shall be the responsibility of Customer to fur'nish Security with notification of the declaration, record and payment dates of any dividends or other distributions and of any calls or other capital changes or information requiring special action concerning each of the securities subject to this Agreement whenever such information is not readily available from reporting services or publications generally accepted and utilized by the securities industry. Security will have no responsibility to determine the existence of any such information which is published or otherwise made available prior to Security assuming custodial responsibility for a security. INVESTMENT SERVICES 1. Security shall have no responsibilities with respect to the investment and roAnvestment of the property held by it under this Agreement. 2. All sales, purchases, exchanges or other transactions respecting securities or other property which may be made by Security for the account of Customer shall be made only pursuant to instructions of Customer or o.f Customor's designated representative. Absent such instructions, Security shall have no responsibility for the investment or reinvestment of such property nor liability for any omission to act in the absence of instructions. 3. If an acquisition initiated by Customer or Customer's representative results in a debit balance at settlement of such transaction, Security shall be entitled to charge interest on such debit balance. 4. Customer, and not Security, shall be responsible for all money, securities and/or other property paid and/or delivered to any broker or other person spoolfled by Customer in such manner as Customer may direct. 5. Security's duties hereunder shall continue until such time as such duties shall terminate as heroinafter provided or until such time as such duties shall be altered by a writing, executed by Customer and consented to by Security.