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. 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:
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:
Powers of the Board of Trustees. 10.01 The Board of Trustees shall have the following powers and functions:
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. The Board shall be the governing body of the PACT to oversee, administer and determine its overall policies and shall have the following powers and authority:
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 and, if they have been appointed, the consultant-actuary and investment counselor or investment manager, may be properly so allocated, (iii) designate pursuant to the same procedure persons other than named fiduciaries to carry out fiduciary responsibilities (other than trustee responsibilities) under this Trust Agreement or the Plan, (iv) employ one or more persons to render advice with regard to any responsibility the Board has under this Trust Agreement or Plan, or (v) do any one or more of the foregoing. Any person or entity so appointed, designated or employed shall act solely in the interests of the participants and beneficiaries of the Fund and the Plan. Without limiting the general powers of the Board of Trustees, it shall have the following authority:
Powers of the Board of Trustees. 7 ARTICLE 10. Officers........................................................................ ………. 8 Section 1. Chair and Vice Chair Section 2. Conducting Meetings
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.
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.
