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3. Corporate Resolution - Smith Barney InvestmentsCity of Kalispell Post Office Box 1997 -- Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-77.58 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, finance Director .Tames H. Patrick, City Manager SUBJECT: Smith Barney authorization to open account and siVi. MEETING DATE: December 20, 2004 BACKGROUND: The City invests with Multi -Bank Securities, Inc. and the State Investment Pool (STIP). This request is to open an account with Smith Barney which will enable us to diversify our investments. The same signatures will appear on the authorization as currently appear on Multi Bank Securities, Glacier Bank and ST1P authorizations City Manager, Finance Director and City Treasurer. RECOMMENDATION. Authorize the signatures on account with Smith Barney. FISCAL EFFECTS: the ability to diversify our investments all investments will meet the criteria of the City Investment Policy as adopted by Resolution 4545 and State law. ALTERNATIVES: As suggested by Council. Amy H. Robertson James H. Patrick Finance Director City Manager Report compiled. December 13, 2004 Attachment: Resolution Nar ing Authorized Officers Resolution Naming Authorized Officers (Association or other Non -corporate Organization) SmiTHB y atigrouri Please read carefully, sign and return to Smith Barney New Accounts department 333 West 34th Strut Arent Number New York, NY 10001 r r. rr. Be it resolved that: 9. Name(s) and CA vv\-e S k c C `fir 7 ;u. t - Title(s) of-Officer(s) F r i L is hereby authorized to sell, assigh and endorse for transfer, cerfificates representing `stbcks, bonds, or other securities now registered or hereafter registered in the name of this 2. Type of Organization Name and Title of Officer 3.1, A - . 4_ of Name of Organizati "k l� hereby certify that the foregoing is a t 5. Name of Governing Body of the Organization t � A; a resoltion duly adopted by the of the Organization, at a meeting duly held on the day of (the "Organization") at which a quorum was present and voting and that the same has not been repealed or amended and remains in full force and effect and does not conflict with the Name of Document under which Organization is Operating of the Organization. THIS DOCUMENT MUST BE SIGNED IN THE PRESENCE OF A NOTARY PUSUC Date (SEAL) (if no seat certify that there is no seal) Subscribed and Sworn to Before me this SECRETARY'S (o€ other attesting official's) SIGNATURE Must be signed by off iciaf(s) other than the individual(s) designated in section 1. day of (Affix Seat) 5277 (4/2003) Smith Barney is a division and service mark of Citigr€ up Global € arkets Inc. f� 15277 1110211 5 2 7 7 *