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at which a quorum was present and voting and that the same has not been repealed or amended and remains in full force and effect and does not conflict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
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