EXHIBIT 1
ACTION OF TRUSTEES UNDER CITY INVESTING
COMPANY LIQUIDATING TRUST AGREEMENT
The undersigned, Trustees under the City Investing Company Liquidating
Trust Agreement (the "Trust Agreement") dated September 25, 1985, by and between
City Investing Company and the undersigned, hereby take the following action
pursuant to Section 6.2 (q) of the Trust Agreement:
RESOLVED that, because certain contingent liabilities cannot be resolved
prior to September 25, 2001, the existence of the Trust is hereby extended until
the earlier of (a) the complete distribution of the Trust Estate or (b)
September 25, 2002, unless an earlier termination is required by the applicable
laws of the State of Delaware or by the action of the Beneficiaries as provided
in Section 4.2 of the Trust Agreement or a later termination is required by the
Trustees pursuant to Section 6.2 (q) of the Trust Agreement.
IN WITNESS WHEREOF, the undersigned have caused this action to be taken as
of the 23rd day of July of 2001.
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Geo. X. Xxxxxxxxxxxxxxx
Trustee
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Xxxx X. Xxxx
Trustee
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Xxxxxx X. Xxxxxxx
Trustee
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