Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 14 contracts
Samples: Agreement and Declaration of Fund (GDL Fund), Agreement and Declaration of Trust (Gabelli Global Healthcare & WellnessRx Trust), Agreement and Declaration of Trust (Gabelli Natural Resources, Gold & Income Trust)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 13 contracts
Samples: Agreement and Declaration of Trust (Reaves Global Utility & Energy Income Fund), Agreement and Declaration of Trust (Utility Income Trust), Agreement and Declaration (Principal Commercial Mortgage Backed Securities Income Fund)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By-Laws. Trustees need not own Shares and may succeed themselves in office.
Appears in 7 contracts
Samples: Agreement and Declaration of Trust (Gabelli Global Utility & Income Trust), Agreement and Declaration of Trust (Gabelli Dividend & Income Trust), Agreement and Declaration of Trust (Gabelli Healthcare & WellnessRx Trust)
Number and Qualification. Prior to a public any offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his or her term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall may be set forth in a written instrument signed or adopted by not less than two-thirds a majority of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 7 contracts
Samples: Agreement and Declaration (Gabelli Utilities Fund), Agreement and Declaration of Trust (Gabelli Blue Chip Value Fund), Agreement and Declaration of Trust (Gamco Mathers Fund)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-two- thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By-Laws. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 3 contracts
Samples: Agreement and Declaration (GDL Fund), Agreement and Declaration of Trust (Gabelli Global Utility & Income Trust), Gabelli Healthcare & WellnessRx Trust
Number and Qualification. Prior to a public any offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than seven, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his such Trustee's term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall may be set forth in a written instrument signed or adopted by not less than two-thirds a majority of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Gabelli Utility Fund)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By-Laws. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Gabelli Dividend & Income Trust)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-two- thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office. 2.2.
Appears in 1 contract
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds a majority of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 1 contract
Samples: Gabelli Utility Fund
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By- Laws. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 1 contract
Samples: Gabelli Global Gold, Natural Resources & Income Trust
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-two- thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than three, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and shall not be under legal disability. Trustees need not own Shares and may succeed themselves in office.. 2.2
Appears in 1 contract
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-two- thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By-Laws. Trustees need not own Shares and may succeed themselves in office. 2.2.
Appears in 1 contract
Samples: Gabelli Utility Trust
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee and thereafter the number of Trustees shall be such number, not less than threethree or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than such age as shall be set forth in a written instrument signed or adopted by not less than two-thirds of the Trustees then in office and office, shall not be under legal disabilitydisability and shall meet any additional qualifications as may be provided for in the By-Laws. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Gabelli Utility Trust)