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. 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. 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. The Board shall be the governing body of PACT to oversee, administer and determine its overall policies and shall have the following powers and authority:
Powers of the Board of Trustees. The Board of Trustees shall have the powers and duties set forth in Title 22, Chapter 1, part 3 of the Montana Code Annotated, which by this reference is incorporated herein. The Board shall select one of its members as chairman, and such other officers as they deem necessary, for a one-year term. The Library Director shall attend all Board meetings and shall be Secretary to the Board of Trustees. All employees of the library shall be hired and discharged by the Board of Trustees and shall be employees of the City-County Library Board. The City Attorney shall be the legal advisor for the Board. and maintenance of the public library will be required from public funds, for submission to the governing bodies of the City and County. A separate budget request shall be submitted for new construction or for capital improvement of existing library property. The budget shall not, however, exceed the limit that could be raised by a tax levy as established by State Law for a city-county library (22-1-301 MCA et seq.). The library will be funded from tax revenues by the City continuing to levy 7 xxxxx and the County a 5 mill levy. Based on the requested budget, the City/County may choose to levy additional money. The Board of Trustees shall review and approve all bills submitted for the operation of the Library and the bills may then be paid from the City-County Library Special Revenue Fund. Old library books may be sold on behalf of the Board by the Friends of the Library at their annual Friends of the Library Book Sale with the understanding that the proceeds from said book sales belong to the public library.
Powers of the Board of Trustees. Section 1. The Board of Trustees may exercise any and all of the powers granted to it in the Act. The Board may delegate such powers to the Officers of the Board and/or the Library Director as it deems necessary.
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. 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:
