HomeMy WebLinkAboutResolution - 2001-R0173 - Account Agreement With Morgan Stanley Dean Witter For Jane Burns Donation - 05/10/2001MORGAN STANLEY DEAN WITTER
Resolution No. 2001—RO173
� O N 1 • \ • �• •• • 1'• • I • 1 mium• 1.
Tyne of Organization:
Municipality/Governmental Entity
Non -Profit Private Sector: Educational
Religious
Charitable/Foundation
Labor Union/Credit Union/Cooperative
To Dean Witter Reynolds Inc.:
The undersigned, City Qf Lubbock. Texas, acting by Wind Sitton, the Client's duly
authorized Mayor, pursuant to the following duly certified resolutions, hereby authorizes you
to open a Securities Account in the name of the Client. This authorization shall continue in
effect until revoked by the Client by a written notice addressed to you and received at 4010
82nd St. #110, Lubbock, Texas 79423.
Further, Client hereby certifies that the following is a full, true, and correct copy of
Resolutions duly and regularly adopted by vote of the City Council of the Client, that such
Resolutions have not been rescinded or modified and are in full force and effect, and Client
further represents and warrants that (1) the Resolutions are in accord with and pursuant to
Client's underlying charter and by-laws; (2) the Resolutions are in accord with all
constitutional, statutory, and regulatory provisions pertaining to Client; (3) Client is empowered
to take the actions called for by the Resolutions; (4) Client is duly organized and existing; and
(5) the persons designated below as officers of Client have been duly installed and now hold
the offices in Client set forth by their respective names and their true sig tures.
S,
City of Lubbock, Texas (Client), by: d it (Mayor)
WD -V SITXT
Date: May 10 2001 AST: C�l
Citv Secretary
Authorized Individuals:
I further certify that the following officers and/or individuals have been duly authorized,
individually, pursuant to Resolutions "second" and "third" on the reverse, to issue
instructions concerning the Securities Account, and that the following are their true
signatures:
Print Name: Print Title: Signature:
Andy Burcham Cash & Debt Mgr
Perry Stout Chief Accountant
IN WITNESS WHEREOF, I have herunto affixed my hand and the Seal of the Client, this
S day of _KCl �� 2001.
City Secretary
Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter & Co.
Services are offered through Dean Witter Reynolds Inc., member S/PC
Enabling Resolutions
HAST: ResoNed that the Client is authorized and empowered to open a Securities Account with Dean VYitter Reynolds Inc.
(W as descrbed in the Morgan Stanley Dean Witter Client Agreement.
SECOND: Resolved that the Securities Account shall be a Cash Account or a Margin Account for the purpose of purchasing,
selling {including short sates), transt"ing, exchanging, pledging• and generally dealing in any and all forms of securities and
financial instnV=113 of every kind or nature whatsomer. AN orders and instructions, tions, written or oral, relating to the Securities
Account shall be given you by one of the individuals designated below underttze headingAuthorized indMdusis; and eadt of titem
individually is hereby authorized area directed to purchase andfor sell and/or deal in any and all securities and 5rtancgal irLstrurnents
for the Client incWng the power to deliver: accept delivery of, pledge, endorse, and direct the transfer of recoM title of any assets
beneficially owned by the Cfent. without obligation on your part to inquire into the reasons for said orders or instnx: ions,
THIRD: Resolved that you may deal with any of the Authorized Individuals as though you were dealing with the Client directly.
FOURTH: Resolved that each of the Authorized kddividuals is authorized and directed to atecute and deliver to you on behalf of
Client any and aA agreemerns. documents, oontraM and other writings thm you may require.
FIFTH: RescMad that the Secretary (or other duly designated officer) of the Client is hereby authorized, ernpoaered and directed
to certify, under the Seal of the C lent, or otftertNise to you:
(a) a true copy of these Resolutions;
(b) specimen signatures of each and every individual empowered by these Resolutions;
(c) a certrfrc ate (which. if you require, shag be supported by an opinion of the general counsel of the Client, or other
counsel satisfactory to you) that the Client is duly organized and existing, that its charter empowers to transact the business
contemplated in these Resolutions, and that no limitation has been imposed upon such powers by constitution, shute, regulations,
charter, by-tawk or otheeMse.
SLYTH: Resolved that ym may rely upon any certification given in accordance with these Resolutions as continuing fully elfecifve
unless and untA you shall receive due written notice of an amendri mutt, modification or rescission of such Resdution or certification.
Further resolved that you shall not be liable for any action takon or not takers upon instruction of any Authorized individual prior to
ycw actual receipt of written notice of the termination or mpairtnent of such person's authority. The failure to supp*y any sftecimen
signature shall riot invalidate any transaction which is in accordance with authority actually granted.
SEVENTH: Resdved that in the evert of any dtange in the office or powers of persons hereby empowered, the Secretary (or other
duly designated officer) shall certify such changes to you, in writing, which certification, when you receive it. shell temminate the
powers of the terns posh' auftrized and empower the persons thereby substltuted.