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12 <br />Adoption of Investment Policy Statement <br />Any changes and exceptions to this Policy Statement will be made in writing and adopted by the <br />Administrator. Once adopted, changes and exceptions will be delivered to each Manager, as appropriate, <br />by the Advisor. <br />Approved by the City of Pleasanton Plan Administrator: <br />Member <br />____________ <br />Date <br />Member <br />____________ <br />Date <br />Page 135 of 658