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30-2010 Amending Investment Agreement with CHUM and LAS
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30-2010 Amending Investment Agreement with CHUM and LAS
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12/24/2012 10:45:29 AM
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4/23/2010 10:07:20 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
4/21/2010
C - Council, Boards and By-laws - Department
Administration
C - Council, Boards and By-laws - Description
30-2010 Amending Investment Agreement with CHUM and LAS
C - Council, Boards and By-laws - Bylaw No
30-2010
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By-law
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i E 0 A is <br />A BY -LAW AUTHORIZING THE EXECUTION OF AN <br />AMENDING AGENCY AGREEMENT BETWEEN <br />CHUMS FINANCING CORPOiRATION, LOCAL <br />AUTHORITY SERVICES LIMITED~ (LAS) AND THE <br />CORPORATION OF THE COUNTY OF ESSEX <br />WHEREAS IN 1999, CHUMS and LAS combined their efforts to <br />act as agent for municipalities in connection with the investment of <br />municipal and public sector funds in Ontario under an investment <br />program now known as "The One Investment Program "; <br />AND WHEREAS the Corporation of the County of Essex adopted <br />By -law #47 -2003 on November 19 2003 authorizing the execution of <br />an Agency Agreement between CHUMS Financing Corporation and <br />Local Authority Services Limited, as Agent, to permit the Corporation <br />of the County of Essex to be an investor, through an investment <br />program known at that time as ONE -The Public Sector Group of Funds <br />investment funds for joint investments; <br />AND WHEREAS CHUMS and LAS have made some minor <br />amendments to the Agency Agreement, primarily related to updating <br />terminology and definitions referencing `funds'; <br />NOW THEREFORE the Council of the Corporation of the County of <br />Essex enacts as follows: <br />1. THAT the Warden and Clerk be and they are hereby authorized <br />to execute an amending Agency Agreement between The <br />Corporation of the County of Essex and CHUMS and LAS, a copy <br />of which is attached hereto, and affix the Corporate Seal thereto. <br />2. This By -law shall come into force and take effect on the date of <br />passing. <br />
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