Initial Trustees. Upon their execution of this Declaration of Trust or a counterpart hereof or some other writing in which they accept such Trusteeship and agree to the provisions hereof, the individuals whose signatures are affixed hereto as initial Trustees shall become the initial Trustees hereof. Prior to a public offering of Shares there may be a sole Trustee.
Initial Trustees. Upon execution of this Declaration of Trust or a counterpart hereof or some other writing in which he accepts such Trusteeship and agrees to the provisions hereof, Xxxxx X. Xxxxx shall become a Trustee hereof.
Initial Trustees. The initial Trustees shall be the persons named herein.
Initial Trustees. The initial Trustees shall be the persons named herein. On a date fixed by the Trustees, the Shareholders shall elect additional Trustees subject to Section 3.06 of this Article III.
Initial Trustees. Upon execution of this Declaration of Trust or a counterpart hereof or some other writing in which he accepts such Trusteeship and agrees to the provisions hereof, Xxxx X. Xxxxxxx shall become a Trustee hereof.
Initial Trustees. The initial Trustees shall be the persons named herein. On a date fixed by the Trustees, the Shareholders shall elect at least three (3) but not more than twelve (12) Trustees, as specified by the Trustees pursuant to Section 3.6 of this Article III.
Initial Trustees. Upon his execution of this Declaration of Trust or a counterpart hereof or some other writing in which he accepts such Trusteeship and agrees to the provisions hereof, each of Xxxx X. Xxxxxx, Xx., Xxxxxx X. Xxxxxx, Xx., Xxxx Xxxxxxx, Xxxxxx X. Xxxxxx and Xxxxxxx X. Xxxxxxxxx shall become a Trustee hereof.
Initial Trustees. Xxxxxx Xxxxxxxxx and Xxx X. Xxxxxxxxxxxx shall be the initial Trustees (the “Initial Trustees”). Upon the death, resignation or incapacity of either of the Initial Trustees, the other Initial Trustee shall serve as the sole Trustee. If at any time there is only one Trustee serving hereunder, the term “Trustee” shall be deemed to be substituted for “Trustees” throughout this Agreement.
Initial Trustees. 6 Section 3.03
Initial Trustees. Two (2) of the Initial Trustees shall be appointed from among the sitting members of the Community Council and the other one
