Reso 1536 04/2018RESOLUTION NO. 1536
BANK RESOLUTION BY VALLECITOS WATER DISTRICT
BOARD OF DIRECTORS AUTHORIZING PERSONS TO
DIRECT UNION BANK TRUST AND CUSTODY SERVICES
AND REPEAL RESOLUTION NO. 1506
RESOLVED, that any one ("Senior Officer") of the following, acting alone, is
authorized, in the name and on behalf of Vallecitos Water District (Client) from time to
time, by telephonic, electronic, oral or written means, to (a) execute on behalf of Client
and deliver to Investment Services the foregoing Agreement, and (b) to delegate one or
more agents or employees of Client ("Authorized Representative") the authority, acting
alone or in combination, to take any or all of the following actions:
(1) to enter into, execute, or modify upon such terms as such Authorized
Representatives shall approve any oral or written agreement with Investment
Services relating to any securities or safekeeping transactions or issue,
(ii) to confirm any securities or safekeeping transaction or issue,
(iii) to accept or direct the transfer to Client or to any third party or accept or
dispose of any funds payable to Client pursuant to a securities or safekeeping
transaction or issue ("Payment Instructor"),
(iv) and to verify any payment instruction.
AUTHORIZED PERSONS: The names and genuine signatures, manual or
facsimile, of the authorized persons, are as follows:
NAME: GLENN PRUIM
TITLE: GENERAL MANAGER
SIGNATURE:
NAME: DOUGLAS WESTLEY OWEN
TITLE: FINANCE MANAGER
SIGNATURE:
Resolution No. 1536 Page 2
BE IT FURTHER RESOLVED, that the authority given under this Resolution shall
be retroactive and any and all acts so authorized that are performed prior to the formal
adoption hereof are hereby approved and ratified. In the event two or more resolutions
of Client are concurrently in effect, the provisions of each shall be cumulative, unless
the most recent shall specifically provide otherwise. The authority given hereby shall
remain in full force and effect, and Investment Services is authorized and requested to
rely and act thereon, until Union Bank Investment Services receives a certified copy of a
further resolution of Client amending, rescinding or revoking this Resolution.
PASSED, APPROVED AND ADOPTED by the Board of Directors of the
Vallecitos Water District at a regular meeting held on the 18th day of April, 2018 by the
following roll call vote:
AYES: ELITHARP, EVANS, MARTIN, HERNANDEZ
NOES:
ABSTAIN:
ABSENT: SANNELLA
James Hern.ndez, Presiden
Board of Directors
Vallecitos Water District
Glenn Pruim, Secretary
Board of Directors
Vallecitos Water District