Common use of Assistance with Certain Duties of the Investment Officer Clause in Contracts

Assistance with Certain Duties of the Investment Officer. The Board hereby authorizes and directs the Program Administrator and any other Texas CLASS Officials requested by the Investment Officer to assist the Investment Officer with any of his duties, including but not limited to the following: 1. Presenting a copy of the Policy to any person or business organization seeking to sell an investment to Texas CLASS, and obtaining the necessary written certification from such seller referred to in Section 4.03; 2. Handling investment transactions; 3. Preparing and submitting to the Board the written report of all investment transactions for Texas CLASS, as required by this Article; 4. Researching investment options and opportunities; 5. Obtaining written depository pledge agreements as required herein; 6. Obtaining safekeeping receipts from the Texas financial institution which serves as a depository for pledged Collateral; and 7. Reviewing the market value of investments of Texas CLASS, including each pool or portfolio established pursuant to the Trust Agreement and of the Collateral pledged to secure funds of Texas CLASS.