Resignation of a Trustee. A Trustee may resign and subsequent thereto shall be discharged from any further duty or responsibility hereunder by giving prior written notice to the District, the Association and the Secretary of the Trustees, which notice shall state the date such resignation shall take effect and such resignation shall take effect on said date unless a successor Trustee shall have been appointed at an earlier date in accordance with the provisions of section 4.6 hereof, in which event such resignation shall take effect immediately upon the appointment of such successor Trustee. Any Trustee, upon leaving office, shall forthwith turn over and deliver to the Chairman or Secretary of the Trustees any and all property in his possession or under his control which belongs to the Trust.
Appears in 4 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
