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Section 3. The Trustees of the Fund are designated as having official custody of those <br />monies invested in accordance with the Declaration of Trust. <br />Section 4. That the municipality may open depository and other accounts, enter into wire <br />transfer agreements, safekeeping agreements, third party surety agreements securing deposits, <br />collateral agreements, letters of credit, lockbox agreements, or other applicable or related <br />documents with institutions participating in Fund programs including U.S. Bank National <br />Association, or its successor, or programs of PMA Financial Network, Inc. or PMA <br />Securities, Inc. for the purpose of transaction clearing and safekeeping, or the purchase of <br />certificates of deposit ("CDs") or other deposit products and that these institutions shall be <br />deemed eligible depositories for the municipality. PMA Financial Network, Inc. and PMA <br />Securities, Inc. and their successors are authorized to act on behalf of this municipality as its <br />agent with respect to such accounts and agreements. Monies of this entity may be deposited <br />in such depositories, from time to time in the discretion of the Authorized Officials, pursuant <br />to the Fund's Programs available through its Services Providers. <br />Adopted by the Council of the City of Lino Lakes this 26t' day of May, 2015. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />and was duly seconded by Council Member and upon vote being taken <br />thereon, the following voted in favor thereof: <br />ATTEST: <br />Julianne Bartell, City Clerk <br />Jeff Reinert, Mayor <br />2 <br />