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APPLICATION TO THE FEDERAL RESERVE BANK OF DALLAS FOR THE HOLDING OF SECURITIES IN JOINT -
<br />SAFEKEEPING
<br />WHEREAS, the undersigned Depository has been duly and legally designated, and has done all things and performed all acts necessary to qualify as the public
<br />depository of the funds of the undersigned Depositor; and
<br />WHEREAS, to secure the funds deposited with it, the Depository has, in accordance with law, pledged with the Depositor the following securities:
<br />DESCRIPTION PAR VALUE
<br />(In the above space give complete description of securities offered for joint safekeeping. If this space Is not sufficient, continue description on reverse side
<br />hereof) and
<br />WHEREAS, other and additional securities may be pledged by the Depository with the Depositor at some future time; and
<br />WHEREAS, other and additional securities may be pledged by the Depository with the Depositor at some future time; and
<br />WHEREAS, both the Depositor and Depository desire and hereby request that the Federal Reserve Bank of Dallas accept the securities above described, or
<br />any hereafter tendered, to be held by it or converted to book entry securities for the joint account of the Depositor and Depository in accordance with the provisions
<br />of Bulletin 7 of the Federal Reserve Bank of Dallas.
<br />NOW, THEREFORE, in consideration of the premises, and as an Inducement to the Federal Reserve Bank of Dallas to hold in joint safekeeping the above
<br />described securities or any other additional or substituted securities which may hereafter be tendered to It, it is agreed, by and between the Depositor and
<br />Depository for the benefit of themselves and of the Federal Reserve Bank of Dallas should it agree to act in the capacity requested, as follows:
<br />1. The agreement of the Federal Reserve Bank of Dallas to act under this application In the capacity requested shall be evidenced by the issuance of its Joint
<br />Safekeeping Receipt, for definitive securities or Advice of Transaction for book entry securities, and it is understood and agreed that such receipt or advice shall be
<br />subject to the terms and conditions hereinafter set out.
<br />2. The Federal Reserve Bank of Dallas shall act only as a bailee. It shall give the securities hereinabove described, or any taken in substitution therefor or in
<br />addition thereto, the some care that it gives to its own property of like kind, but otherwise it shall be liable only for its own negligence.
<br />3. The Federal Reserve Bank of Dallas need not maintain any form of insurance for the account of the Depositor and/or Depository on the securities placed
<br />with it under this agreement. The Depositor and Depository shall carry for their own account such Insurance as they deem necessary or desirable.
<br />9. Substitutions may be made for any of the above described securities, or any additional securities which may be tendered or accepted, or for securities which
<br />have been previously substituted under the terms of this paragraph, upon the request of the Depository, subject to the approval of the Depositor. Such substituted or
<br />additional securities shall be subject to the terms and conditions of this agreement and Bulletin 7.
<br />5. The securities above described, or any additional securities which may be tendered and accepted.-or taken in substitution therefor shall be surrendered
<br />upon the request of the Depository, subject to the approval'of the Depositor.
<br />6. The Federal Reserve Bank of Dallas shall in no manner be responsible for the genuineness, negotiability, acceptability, or eligibility of the securities
<br />delivered to It under this application. Its only responsibility is to hold or surrender or convert to book entry such securities as may be delivered to it, in accordance
<br />with this agreement.
<br />7. The Federal Reserve Bank of Dallas is authorized to clip the maturing interest coupons on the definitive securities which it holds under this agreement and
<br />deliver them or credit their proceeds under advice to the reserve account of the Depository unless other Instructions are issued in writing by the Depositor. Interest
<br />payments on book entry securities will be credited under advice to the reserve account of the Depository on the interest due date unless other instructions are issued
<br />In writing by the Depositor.
<br />8. The Federal Reserve Bank of Dallas Is authorized to act upon instruction given by an authorized person of the Depository whose signature is on file with the
<br />Federal Reserve Bank. The signature of the Depositor is that affixed to Joint Safekeeping Signature Card (SEC -210) on file with the Federal Reserve Bank. and the
<br />said Federal Reserve Bank Is authorized to act upon instruction or approval given by such authorized person whenever such instruction or approval is necessary
<br />under this agreement. If there should be a successor to anyone authorized to act for the Depositor or Depository named herein before the full delivery of all securities
<br />covered by any Joint Safekeeping Receipt and /or Advice of Transaction issued upon this application, including substitutions, it shall be the duty of said Depositor or
<br />Depository to certify the name and signature of such successor or successors to the Federal Reserve Bank of Dallas, and thereafter said Bank shall be authorized to
<br />act upon instructions from such person to the same extent as under instructions of the persons named herein.
<br />9. The terms and conditions enumerated herein shall supplement and be In addition to those set forth in Bulletin 7 of the Federal Reserve Bank of Dalins, and
<br />the parties hereto expressly agree to act in, accordance with the terms and conditions of said Bulletin 7.
<br />10. The Governing Body referred to in this instrument is
<br />and said body, by proper resolution spread upon its minutes, fully authorized the execution of this agreement by the Depositor.
<br />iN WITNESS WHEREOF, this agreement is executed in Triplicate, a copy being Intended for the Depositor, the Depository, and the Federal Reserve Bank of
<br />Dallas, on this the day of 19
<br />(t
<br />By
<br />Depository
<br />r
<br />This is to certify that the above and foregoing application was duly considered by the Governing Body named in the application at a meeting properly held on
<br />the day of , 19 , a quorum being present, and that said Governing Body duly authorized and ordered
<br />the application to be executed and complied with, all of which, together with a copy of this application, fully appears in the minutes of said meeting.
<br />Secretary or Clerk
<br />(SEAL) , ! .. .. 4 ......
<br />ter._ no /nom., c n4l
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