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<br /> PaineWebber MtCAOI'II.W tD. HUMaCA ì
<br /> [§] r
<br /> L .-J
<br /> CORPORATION ACCOUNT
<br /> ACCOUNT NAME BRANCH ACCOUNT NUMBER BROKER
<br /> I 1 i[ili] GLJ
<br /> ;¡W,ii
<br /> City of San Marcos if:\" H S
<br /> I, Janis K. Womack hereby certify (hat I am the Se.cretary of The City of San Marcos .
<br /> (Name of Corporation)
<br /> corporation organi7.ed and existing under the laws of the State of Texas . and that the following resolution was
<br /> lanimously adopted at a meeting of the Board of Directors of said corporatiorl duly held on March 11. 19 9:bt which
<br /> .ceting a quorum was prescnt and voting:
<br /> VOTED: To open with PaineWebber Incorporated One or more accounts (which may be margin accounts)., for the purpose of
<br /> purchasing, investing in, or otherwise a(:quiring, seIling (including shoTt.sales), possessing, transferring, exchanging, pledging,
<br /> borrowing. lending, fìnan(;ing, engaging in repurchase or reverse repurchase transactions, or otherwise disposing of. or realí7.ing
<br /> upon, and generally dealing in and with any and aU forms of securitje ¡ including, but not limitcd to, shares, stocks, listed or ore
<br /> options, walTant", bonds (including 7,ero coupon bonds), debentures, notes, scrip, participation certificates, rights to subscribe, option
<br /> WillT"dnts. certÎlÏcates of depo~it, mortgages (including. but not limited to, first al\d second residential mortgage loans and commercial
<br /> loans), participations (including, but not limited to, 100% panicipations) in mortgage loans. instruments or certificates issued in
<br /> (;(mnection with 1l10rtgagc loans, U.S. Government and Federal agency (including, but not limited to, GNMAs, FHLMCs, and
<br /> FNMAs) securities. any other interests (including, but not limited to, interest only alld principal only interests or combinations
<br /> thereot) in mortgage loans or mortgage related or other asset backed securities, project loans insured by the Federal Housing
<br /> Administration, forward contracts. swap agreements, standby contracts, foreign currencies and foreign denominated bonds of all
<br /> kinds, financial, stock index, and currency futures contracts, options on financial, stock index and currency futures contracts
<br /> (including, but not limited to, futures COtitrads traded on foreign exchanges), choses in action, evidences of indebtedness, commercial
<br /> paper, certificate ¡ of indebtedness and certificates of interest of any and every kind and nature whatsoever, secured or unsecured,
<br /> whether represented by trust, participating and/or other cenificatcs or otherwise.
<br /> (At leasilwo to be designated) VOTRlJ: thai William Whi teind Wayne Moore of this corporation be and each of
<br /> them hereby i~ named as agent of this corporation to deal with said PaincWebber Incorpo["àted and any successor corporations or
<br /> firms in connection with said account; that said PaineWebber Incorporated and any successor corporations or firm!'! be and they
<br /> hereby arc authorized to deal with said persons as agents of this corporation; to accept all orders fur purchases and sales and all
<br /> ÎnstruelÍons given by any of them on bchalf of this corporation as and for the action of this corporation without further inq\liry as to
<br /> eir authority; to reccive any funds, securities or property for the account of this corporation; to deliver either in bearer form, in street
<br /> rtilïeate!l or in such name as said person ¡ or any of them shall direct any funds, securitie:ol or other property held for the account of
<br /> is corporation. to said persons or any of them or as they or any of them shall in writing order; and to send or communicate all
<br /> confirmations, notices, demands and other communications to them or any of them and 10 the CorpQration, Attention: (insert position
<br /> ornamcofofficerorofficc) Larry D. Gillelit City Manaqer u.
<br />
<br /> VOTED: That said PaineWcbber Incorporated and any successor corporations or firms may act in reliance upon the foregoing votes
<br /> until they receive written notice of the votc by the board of directors of this corporation terminating the authority thereby givcn.
<br /> I further certify that the foregoing votes are now in fun foree and effect.
<br /> Witness my hand and seal of said corporation this 12th day of ~arC".h . 19..9.L-.
<br />
<br /> Janis K. Secretary
<br /> ("'If margin accounts are not authorized, please delete and initial deletion.)
<br /> (UApplicable where a person other thana.. officer of the corporation has been designated to transact business or where commodity
<br /> transactions are involved.)
<br /> CRC 31(1'1111'11)
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