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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 CONTINGENT LIABILITIES CANNOT BE RESOLVED PRIOR TO
SEPTEMBER 25, 2000, THE EXISTENCE OF THE TRUST IS HEREBY EXTENDED UNTIL THE
EARLIER OF (A) THE COMPLETE DISTRIBUTION OF THE TRUST ESTATE OR (B) SEPTEMBER
25, 2001, 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 17TH DAY OF JULY OF 2000.
_________________________________________
GEO. T. SCHARFFENBERGER
TRUSTEE
_________________________________________
EBEN W. PYNE
TRUSTEE
_________________________________________
LESTER J. MANTELL
TRUSTEE
