Reso 1658 01/2024RESOLUTION NO. 1658
BANK RESOLUTION BY VALLECITOS WATER DISTRICT
BOARD OF DIRECTORS AUTHORIZING PERSONS TO
DIRECT U.S. BANK NATIONAL ASSOCIATION TRUST AND CUSTODY SERVICES
AND REPEAL AND REPLACE RESOLUTION NO. 1644
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:
(i) 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: JAMES GUMPEL
TITLE: GENERAL MANAGER
SIGNATURE:
7
NAME: DOUGLAS WESTLEY OWEN
TITLE: CHIEF FINANCIAL OFFICER
SIGNATURE:
Resolution No. 1658
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 17th day of January, 2024 by the following
roll call vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
BOYD-HODGSON, GROSET, HERNANDEZ, PENNOCK
ELITHARP
i B - odg , President
oard of Directo
Vallecitos Water District
UVIVIC6115
es Gumpel, Secrery
Board of Directors
Vallecitos Water District