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October 26, 1992/311

to obtain and receive payment of any money, whether on account of principal or
revenues, in respect of any such securities;

to place any proceeds received to the credit of the City of Port Coquitlam, or
otherwise to deal with such proceeds or any part thereof pursuant to verbal, facsimile,
or written instructions given from time to time by or on behalf of the City of Port

Coquitlam,

g. to sign as agent of the City of Port Coquitlam, such Income Tax Ownership
Certificates as may be required; and

That the City of Port Coquitlam hereby agrees tyhat the responsibility of the Bank in
respect of any and all such property including such securities and proceeds will be limited to the
exercise of the same degree of care which it gives valuable property of the Bank at the office.
branch, agency, depository, or with the representative of the Bank to which or to whor such

property has been delivered; and

That the Treasurer, or the Deputy Treasurer of the City of Port Coquitlam, is/are hereby
authorized to give instructions from time to time to the Bank as aforesaid; and

That this resolution remains in force as regards each office, branch, agency, depository or
representative of the Bank having in its custody any of such property including such securities of
the City of Port Coquitlam until a certified copy of a resolution is received by such office,

branch, agency, depository or representative.

Carried.

From the Deputy City Engineer, October 22nd, 1992 regarding Fencing on City Property -
1238 Eastern Drive.

Seconded by Councillo ;

That an agreement (highway encroachment) be written to address the responsibility for
maintenance, liability, etc.;

If the City requires entry onto the property that the owner be responsible for the removal
and replacement of the fence,

That the owner be responsible for the maintenance of the area between the sidewalk and the
fence; and

That the solicitor be instructed to prepare the correct documents.

Carried.