This chapter shall be known as the "Pennsylvania
Municipal Investment Program Ordinance."
The declaration of trust as presented to this
meeting (a copy of which, together with the accompanying information
statement, shall be filed with the records of this participant) is
hereby adopted and this participant shall, and is hereby authorized
and directed to, become a participant in the program and, from time
to time, to invest and withdraw its funds all in accordance with the
provisions of the declaration of trust.
[Amended 10-9-1993 by Ord. No. 95-6]
For purposes of the investment of moneys pursuant
to the program, the President of Board of Commissioners, Township
Manager or Director of Finance, and their respective successors, are
hereby designated as "authorized officers" of this participant and
are authorized, directed and empowered to effectuate, from time to
time, the investment and withdrawal of funds of this participant and
to otherwise give effect to this participant's rights, as a participant
of the trust described herein, including the right to vote, from time
to time, in accordance with the declaration of trust. Such authorized
officers are hereby further authorized, directed and empowered to
take such actions and to execute and deliver counterparts of the declaration
of trust and any and all other documents as they may deem necessary
and appropriate to evidence this participant's approval of the declaration
of trust and participation in the program and otherwise to carry out
the purpose of this chapter (the execution of such documents shall
conclusively evidence their approval).
This participant hereby acknowledges and approves
the Trustees of the Trust as having official custody of this participant's
funds as are invested in accordance with the declaration of trust.