POWERS OF THE BOARD OF TRUSTEES. 10.01 The Board of Trustees shall have the following powers and functions:
A. The Board shall exercise all powers and conduct all business of the Trust, either directly or by delegation of authority to other bodies or persons unless otherwise prohibited elsewhere in this Agreement or by applicable law.
B. The Board may delegate to MACo staff, a service agent or an administrator, the authority to act on all claim matters between full Board meetings.
C. The Board shall have the power and authority to review applications for membership and may admit new Member or Affiliate Members to participate in the Trust upon such terms and subject to such conditions as the Trustees in their sole judgment determine to be appropriate. The Trustees may elect to not accept applications by prospective Members or Affiliate Members, if in their sole judgment membership by the prospective Member or Affiliate Member is not in the best interest of the Trust.
D. The Board may form, as provided in Section 12, such other committees as it deems appropriate in conducting the business of the Trust. The membership of any such other committee may consist in whole or in part of non-Board members. Any committee may function only in an advisory capacity and shall make recommendations to the Board, unless the Board specifically grants authority to act on behalf of the Board.
E. The Board shall elect the officers of the Trust, contract for the services required for Trust operations, and shall provide such other services as may be necessary for the administration of the Trust.
F. The Board shall develop, or cause to be developed, and shall review, modify as necessary, and adopt each Program of the Trust including all provisions for reinsurance and administrative services necessary to carry out such Program.
G. The Board shall provide for necessary services to the Trust and to Member and Affiliate Entities, by contract or otherwise, which may include, but shall not be limited to, administrative service, wellness programs, program consulting, actuarial consulting, claims adjusting, accounting and auditing services, and legal services.
H. The Board shall provide general supervision and policy direction to all aspects of Trust operations.
I. The Board shall receive, review and act upon periodic reports and audits of the funds of the Trust.
J. The Board shall have such other powers and functions as are provided for in this Agreement and in applicable law that are not specifically reserved to the Mem...
POWERS OF THE BOARD OF TRUSTEES. The conduct of the Trust's business shall be controlled solely by the Board of Trustees in accordance with this Trust Agreement and the Bylaws. The Board of Trustees shall have all authority, rights and powers conferred by law and those required or appropriate to the management of the Trust's business without the vote or consent of the Shareholders, the Registered Trustee or any other Person (except as set forth in Sections 10.3 and 11.2 or in a certificate of designation as set forth in, or contemplated by, Section 6.7). The Board of Trustees may delegate its authority to the Manager pursuant to a Management Agreement, whereby, subject to the supervision and control of the Board of Trustees, the Manager shall render or make available to the Trust managerial, investment, advisory and/or related services, office space and other services and facilities (including, if deemed advisable by the Board of Trustees, the management or supervision of the investments of the Trust) upon such terms and conditions as may be provided in such Management Agreement.
POWERS OF THE BOARD OF TRUSTEES. Except as otherwise provided under Title 27, Chapter 17A of the Code of Alabama 1975, Board of Trustees shall have the powers normally granted to Board of Trustees under Alabama law, specifically including, but not by way of limitation, the power to:
4.1 Collect, receive and provide receipt(s) for any and all items of income and principal that may be derived from the assets placed under the terms of this Trust Agreement and to allocate same either to principal or to income, or partly to one and partly to the other, in accordance with the usual and customary accounting practices of Board of Trustees.
4.2 Invest and reinvest the assets of the Endowment Care Trust Fund pursuant to the provisions of this Trust Agreement and applicable law.
4.3 Treat stock dividends, stock splits and dividends payable in the securities of another company, extraordinary cash or non-cash dividends, liquidating dividends, stock purchase rights, warrants and options of all kinds, and all similar property and the right to property, as income or as principal, or partly one and partly the other, in accordance with usual and customary accounting practices of Board of Trustees.
4.4 Acquire and hold any stock, securities, real estate or any other property, real or personal, in the name of Board of Trustees without disclosing its capacity, or in the name of any other nominee without disclosing its capacity.
4.5 Vote all shares of stock in the Endowment Care Trust Fund howsoever the certificates therefore may be issued, on all matters, and to give special or general proxies to any person, or persons, with or without the power of substitution.
4.6 Execute, acknowledge, deliver and accept any and all deeds, deeds of trust, releases, mortgages, certificates, documents, affidavits, declarations and any and all other papers and instruments whatsoever deemed by Board of Trustees necessary or appropriate to carrying out the powers and authority herein granted.
4.7 Exercise any option or privilege to buy, sell, exchange, or convert bonds, notes, stock or real, personal or mixed property, of any kind.
4.8 Pay from income of the Endowment Care Trust Fund, the Board of Trustees fees as provided for herein and any other expenses which may from time to time be permitted under Title 27, Chapter 17A of the Code of Alabama 1975.
POWERS OF THE BOARD OF TRUSTEES. Subject to the rights of the Participants as provided herein, the Trustees shall be the investment officer of the Trust and shall have authority over the Trust Property and the affairs of the Trust to administer the operation of the Trust, subject to the requirements and restrictions of this Trust Agreement. The Trustees may do and perform such acts and things as in their judgment and discretion, subject to the requirements and restrictions of this Trust Agreement, as are necessary and proper for conducting the affairs of the Trust or promoting the interest of the Trust and the Participants. The enumeration of any specific power or authority herein shall not be construed as limiting the aforesaid general power or authority or any specific power or authority. The Trustees may exercise any power authorized and granted to them by this Trust Agreement. Such powers of the Trustees may be exercised without the necessity of any order of, or resort to, any court.
POWERS OF THE BOARD OF TRUSTEES. (a) The Board of Trustees shall make decision in writing through circular resolution and the said resolution shall be signed by everyone in the Board of Trustees.
(b) The Board of Trustees may appoint and has the power to appoint any agent or service provider to assist the Trustees in handling administrative and managing matters of [Foundation’s Name].
POWERS OF THE BOARD OF TRUSTEES. Section 1. The Board of Trustees may exercise any and all of the powers granted to it in the Act. The Board may delegate such powers to the Officers of the Board and/or the Library Director as it deems necessary.
Section 2. The Board of Trustees shall have the exclusive control of the budget of the Manchester District Library.
Section 3. The fiscal year of the Manchester District Library shall be the annual period commencing June 1 and ending the following May 31.
Section 4. The Manchester District Library Board shall prepare and publish an annual budget in accordance with the Uniform Budgeting and Accounting Act, being Act No. 2 of the Public Laws of Michigan of 1968, as amended.
POWERS OF THE BOARD OF TRUSTEES. Section 1. The Board of Trustees shall have the power to control and manage the assets, operation and administration of the Trust and the Plan as fiduciaries, which power and duty is expressly accepted by each of the Trustees and shall exercise such authority with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent board acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims; provided, however, that the Board may (i) appoint an investment manager or managers (as defined in ERISA) to manage (including the power to acquire and dispose of) any assets of the Fund, (ii) enter into an agreement allocating among Trustees such specific responsibilities, obligations, or duties as the Board shall determine by vote, after receiving and considering the written reports and recommendations of the qualified public accountant
(a) To make deposits in the name of the Trustees for the Trust Fund in such bank or banks doing business in the State of California as the Trustees may select. Withdrawals from the Trust Fund may be made only on the signature of two Trustees, provided that one such signature shall be by a Union Trustee and the other such signature shall be by an Employer Trustee.
(b) To procure a policy or policies of group insurance for the provision of health and welfare benefits for employees as authorized and permitted by the Insurance Code of the State of California and/or to establish a plan for direct payment of health and welfare benefits from the Trust Fund to the employees, and to do any and all acts and things necessary or advisable to effectuate any such plan for the benefit of employees. Rules and Regulations adopted from time to time by the Board, any and all insurance policies, including Health Maintenance Organization or Dental Maintenance Organization contracts procured by the Board, and any and all amendments to any of the foregoing as existing from time to time are all incorporated herein as though set forth in full and shall collectively, along with this Trust Agreement constitute ‘Plan Document’ for all purposes under ERISA. The Rules and Regulations shall be included within the Summary Plan Description(s) distributed to Participants.
(c) To provide for the administration of the Trust Fund and for that purpose to provide all facilities, rules and regulations, audits, personnel and service deemed necessary and available for s...
POWERS OF THE BOARD OF TRUSTEES. Subject to the rights of the Participants as provided herein, the Trustees shall be the investment officer of the Trust and shall have authority over the Trust Property and the affairs of the Trust to administer the operation of the Trust, subject to the requirements, restrictions and provisions of this Indenture, including the power to delegate such functions of administration pursuant to Section 3.16 hereof. The Trustees may do and perform such acts and things as in their judgment and discretion, subject to the requirements and restrictions of this Indenture, as are necessary and proper for conducting the affairs of the Trust or promoting the interest of the Trust and the Participants. The enumeration of any specific power or authority herein shall not be construed as limiting the aforesaid general power or authority or any specific power or authority. The Trustees may exercise any power authorized and granted to them by this Indenture. Such powers of the Trustees may be exercised without the necessity of any order of, or resort to, any court.
POWERS OF THE BOARD OF TRUSTEES. The Board of Trustees shall have the powers and duties set forth in Title 22, Chapter 1, part 3 of the Montana Code Annotated, which by this reference is incorporated herein. The Board shall select one of its members as chairman, and such other officers as they deem necessary, for a one-year term. The Library Director shall attend all Board meetings and shall be Secretary to the Board of Trustees. All employees of the library shall be hired and discharged by the Board of Trustees and shall be employees of the City-County Library Board. The City Attorney shall be the legal advisor for the Board. and maintenance of the public library will be required from public funds, for submission to the governing bodies of the City and County. A separate budget request shall be submitted for new construction or for capital improvement of existing library property. The budget shall not, however, exceed the limit that could be raised by a tax levy as established by State Law for a city-county library (22-1-301 MCA et seq.). The library will be funded from tax revenues by the City continuing to levy 7 xxxxx and the County a 5 mill levy. Based on the requested budget, the City/County may choose to levy additional money. The Board of Trustees shall review and approve all bills submitted for the operation of the Library and the bills may then be paid from the City-County Library Special Revenue Fund. Old library books may be sold on behalf of the Board by the Friends of the Library at their annual Friends of the Library Book Sale with the understanding that the proceeds from said book sales belong to the public library.
POWERS OF THE BOARD OF TRUSTEES. The conduct of the Trust's business shall be controlled solely by the Board of Trustees in accordance with this Trust Agreement and the Bylaws. The Board of Trustees shall have all authority, rights and powers conferred by law and those required or appropriate to the management of the Trust's business which, by way of illustration but not by way of limitation, shall, subject only to the provisions of Section 10.3, include the right, authority and power, without the vote of Shareholders, or any other Person to:
(a) make all filings as may be necessary or proper in order to create the Trust or to provide that this Trust Agreement shall constitute, for all purposes, an agreement of trust under the laws of the State of Delaware as in effect from time to time;
(b) adopt, implement and from time to time amend Bylaws of the Trust relating to the business and organization of the Trust that are not inconsistent with the provisions of this Trust Agreement;
