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THE CORPORATION OF THE COUNTY OF ESSEX BY-LAW NUMBER 3175-95 A BY-LAW TO AUTHORIZE THE CORPORATION OF THE COUNTY OF ESSEX (THE "CORPORATION") TO INVEST MONEY JOINTLY WITH OTHER ELIGIBLE INVESTORS IN ONTARIO THROUGH AN AGENT AND TO AUTHORIZE THE TREASURER TO EXECUTE THE NECESSARY DOCUMENTS FOR THAT PURPOSE. WHEREAS Section 167.4 of the Municipal Act provides that the power of a municipality to invest money includes the power to enter into an agreement with any other municipality, and with any school board, college, university, hospital or such other person or classes of them as may be prescribed by regulation for the joint investment of money by those parties or their agents; AND WHEREAS CHUMS Financing Corporation ("CHUMS"), a duly incorporated wholly-owned subsidiary of the Municipal Finance Officers' Society of Ontario, and Local Authority Services Limited ("LAS"), a duly incorporated wholly-owned subsidiary of the Association of Municipalities of Ontario, provide as agent through "ONE - The Public Sector Group of Funds" investment funds for joint investments as set out in schedules to the Agreement (as hereinafter defined) (the "Funds"); AND WHEREAS the Council of the Corporation deems it to be in the interest of the Corporation to invest, from time to time, such amounts of money held in the general fund, the capital fund and the reserve fund, as the Treasurer considers appropriate jointly with other Eligible Investors through one or more of the Funds; NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE COUNTY OF ESSEX ENACTS AS FOLLOWS: The agreement made between CHUMS, LAS the Corporation and other Eligible Investors (the "Agreement") is hereby authorized substantially in the form made available to the Council at its meeting held on the 17'ch day of May , 1995.