Authority to Hire Investment Counsel and Delegate Investment Authority. The Trustees shall have the authority to hire an investment advisor or investment counsel on behalf of the Trust, and shall have the right to delegate investment authority to an advisor who shall be authorized to make investments on behalf of the Trust with the prior approval of the Trustees.
Appears in 4 contracts
Samples: Pooled Trust Agreement, Pooled Trust Agreement, Pooled Trust Agreement
Authority to Hire Investment Counsel and Delegate Investment Authority. The Trustees shall have the authority to hire an investment advisor or investment counsel on behalf of the Trust, and shall have the right to delegate investment authority to an advisor who shall be authorized to make investments on behalf of the Trust with the prior approval of the Trustees. The Trustees shall remain liable for the negligence or misdeeds of the investment advisor or investment counsel.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
