Power of Trustee. The Trustee shall have the power to do all acts, institute all proceedings and exercise all rights, power and privileges that an absolute owner of the Trust would have, subject to the rules and regulations of the Arkansas Department of Human Services as they now exist or may later be amended, as pertain to an Income Trust pursuant to 42 U.S.C. 1396p.
Power of Trustee. The Trustee shall act solely as directed trustee of the assets it holds for the Plan (“Trust Fund”). In addition to and not in limitation of such powers as the Trustee has by law or under any other provisions of the Plan, the Trustee shall have the following powers, each of which the Trustee exercises solely as a directed trustee in accordance with the written direction of the Employer except to the extent a Plan asset is subject to Participant direction of investment and provided that no such power shall be exercised in any manner inconsistent with the provisions of ERISA:
Power of Trustee. The Trustee shall have, without exclusion, all powers conferred on trustees by applicable law, including but not limited to the right to exercise voting rights of stock held as an asset of the Trust unless expressly provided otherwise herein, provided, however, that if an insurance policy is held as an asset of the Trust, the Trustee shall have no power to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a successor Trustee, or to loan to any person the proceeds of any borrowing against such policy.
Power of Trustee. The Authority hereby determines that there shall be, and there hereby are, vested in the Trustee, in addition to all its property, rights, powers and duties mentioned or referred to in any other provision of this 2015 Bond Resolution, the rights, powers and duties in this Article VI provided in trust for the SCPCFA.
Power of Trustee. Subject to Section 5(a), the Trustee, or the Trustee's designee, is authorized and empowered:
Power of Trustee. During the period this Agreement shall be in force, the Trustee shall possess the legal title to the shares deposited and shall be entitled to exercise all rights of every type and nature including, without limitation, the right to vote in person or by proxy with respect to any and all shares. The Trustee shall have the right to exercise in person or by proxy all voting rights and powers in respect of all stock deposited and to take part in or consent to any corporate or shareholders' action of any kind whatsoever. The right to vote shall include the right to vote for the election of directors, and in favor of or against any resolution or proposed action of any character whatsoever which may be presented at any meeting or require the consent of shareholders of the Company. Without limiting such general right, it is understood that such action or proceeding may include, upon terms satisfactory to the Trustee, the sale of all or any part of the Company and the dissolution of the Company or the consolidation, merger, reorganization or recapitalization of the company.
