WILLIAM DONALD SCHAEFER, Governor Ch. 698

(C)  THE STATE TREASURER IS AUTHORIZED TO ENTER INTO
ARRANGEMENTS WITH 1 OR MORE DULY QUALIFIED BANKS OR TRUST
COMPANIES FOR THE SAFE CUSTODY OF INVESTMENTS, FOR BANKING
SERVICES, AND FOR ANY OTHER FUNCTION CONSIDERED NECESSARY TO
PHYSICALLY SAFEGUARD ASSETS MANAGED BY THE BOARD OF TRUSTEES.

(D)  ANY OF THE SECURITIES PURCHASED BY THE BOARD OF
TRUSTEES MAY BE DEPOSITED IN VAULTS OR OTHER SAFE DEPOSITORIES
OUTSIDE THE OFFICE OF THE STATE TREASURER, BOTH IN AND OUTSIDE
THIS STATE. A SAFEKEEPING RECEIPT SHALL BE DELIVERED TO AND KEPT
ON FILE BY THE BOARD OF TRUSTEES FOR ALL SECURITIES SO DEPOSITED.
THE SAFEKEEPING RECEIPT SHALL DESCRIBE THE SECURITIES COVERED AND
BE PAYABLE ON DEMAND, WITHOUT CONDITIONS, TO THE BOARD OF
TRUSTEES OR TO ANY DESIGNATED FUND UNDER THE CONTROL OF THE BOARD
OF TRUSTEES OR TO THE STATE TREASURER.

(12) (A) THE BOARD OF TRUSTEES SHALL REQUIRE THE EXTERNAL
INVESTMENT MANAGER, FROM JULY 1, 1985 UNTIL JUNE 30, 1988, TO NOT
MAKE ANY NEW INVESTMENTS FROM NET NEW FUNDS ALLOCATED TO THE
MANAGERS IN ANY STOCK, SECURITY, OR OTHER OBLIGATION OF ANY
COMPANY THAT DOES BUSINESS IN OR WITH THE REPUBLIC OF SOUTH
AFRICA AND DOES NOT QUALIFY FOR EXEMPTION UNDER PARAGRAPH (B) OF
THIS SUBSECTION.

(B) THE INVESTMENT PROHIBITION ESTABLISHED UNDER
PARAGRAPH (A) OF THIS SUBSECTION DOES NOT APPLY TO ANY COMPANY IN
THE CONDUCT OF ITS BUSINESS IN OR WITH THE REPUBLIC OF SOUTH
AFRICA IF THE COMPANY IN THE CONDUCT OF ITS BUSINESS IN SOUTH
AFRICA:

(I) HAS AGREED TO ABIDE BY THE FOLLOWING
PRINCIPLES:

1.  NONSEGREGATION OF THE RACES IN ALL
EATING, COMFORT, AND WORK FACILITIES;

2.  EQUAL AND FAIR EMPLOYMENT PRACTICES
FOR ALL EMPLOYEES;

3.  EQUAL PAY FOR ALL EMPLOYEES DOING
EQUAL OR COMPARABLE WORK FOR THE SAME PERIOD OF TIME;

4.  INITIATION AND DEVELOPMENT OF TRAINING
PROGRAMS THAT WILL PREPARE SUBSTANTIAL NUMBERS OF BLACK AND OTHER
NONWHITE PERSONS FOR SUPERVISORY, ADMINISTRATIVE, CLERICAL, AND
TECHNICAL JOBS;

5.  INCREASING THE NUMBER OF BLACKS,
COLOUREDS, AND ASIANS IN MANAGEMENT AND SUPERVISORY POSITIONS;
AND

6.  IMPROVEMENT IN THE QUALITY OF
EMPLOYEES' LIVES OUTSIDE THE WORK ENVIRONMENT INCLUDING, BUT NOT

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