Examples of Trust Board in a sentence
S.L. No. 5L-82-02, as amended declares under Section 2 that “no rental payment is required beyond those necessary to compensate for the filing and administrative costs of the Public Lands Trust Board of Trustees in the processing of the lease agreement.” Accordingly, this lease is rent free as a token of mutual understanding and cooperation between the People of Pohnpei, acting for and on behalf of the Government of the Federated States of Micronesia, and the Tuna Commission.
I will play my part in supporting the academy in implementing all policies approved by the Governors and Trust Board.
Section 2 of S.L. No. 5L-82-02, as amended, declares that “upon cessation of active use by the Commission for Conservation and Management of Highly Migratory Fish Stock in the Western and Central Pacific Ocean (LESSEE)……all interest in such public lands by the LESSEE shall revert to the Public Lands Trust Board of Trustees” (the LESSOR).
The term of office for the other Trustees shall be for three years except that appointments for the remaining Trustees shall be staggered for two, three-and four year terms, as determined by the Trust Board, so that the terms of approximately one-third of the independent Trustees shall expire each year.