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<br />." <br /> <br />. <br /> <br />e <br /> <br />- " <br />...---- <br /> <br />. . <br /> <br />CORPORATE ACCOUNT <br />CITY OF LA PORTE INVESTMENTS <br /> <br />Account. rJ:::Ime <br />CITY OF LA PORTE, TEXAS <br />Attn: Richard Hare <br /> <br />Branch <br /> <br />Account Number <br /> <br />Brok~r <br /> <br />H <br /> <br />v <br />- <br /> <br />052 4 <br /> <br />o ~ <br /> <br />I, Jo Ann .Raves hereby certify that I am the Seeretary <br />of the Citv of La Porte, a municipality organized and existing <br />under the laws of the State of Texas, and that the following <br />resolution was unanimously adopted at a meeting of the City <br />Counc il of sa id mun ic i. pal i ty dul y held on Dee pmbp.r 8, 1 q86 at <br />which meeting a quorum was present and voting: <br /> <br />VOTED: <br /> <br />To open wi th Paine, tvebber, Jackson & Curt.is <br />Incorporated, stockbrokers, a cash account for <br />the purchase and sale of United States Bonds, <br />Certificates of Indebtedness of the United <br />States, Treasury Notes of t.he Uni tecl States, <br />and other evidences of indebtedness of the <br />United States which are guaranteed as to both <br />pr'incipal and interest by the United States <br />Government; provided, however, any such <br />securiti.es must have a maturity date not more <br />than ten (10) years from the date of their <br />pledge. <br /> <br />Also, Bonds of the State of Texas, or of any <br />county, city, t.own, independent school <br />district, common school district or other <br />school district in the State of Texas; <br />prov ided, however, said bonds must be rated <br />"A" or better by Noody I s Investors Service; <br />and provided, further, said bonds must have a <br />maturity date not mor'e than ten (10) years <br />from the date of their pledge. <br />