Powers in General. The Trustees shall have, without other or further authorization, full, entire, exclusive and absolute power, control and authority over, and management of, the business of the Trust and over the Trust Property, to the same extent as if the Trustees were the sole owners of the business and property of the Trust in their own right, and with such powers of delegation as may be permitted by this Declaration, subject only to such limitations as may be expressly imposed by this Declaration of Trust or by applicable law. The enumeration of any specific power or authority herein shall not be construed as limiting the aforesaid power or authority or any specific power or authority. Without limiting the foregoing; they may select, and from time to time change, the fiscal year of the Trust; they may adopt and use a seal for the Trust, provided that unless otherwise required by the Trustees, it shall not be necessary to place the seal upon, and its absence shall not impair the validity of, any document, instrument or other paper executed and delivered by or on behalf of the Trust; they may from time to time in accordance with the provisions of Section 6.1 hereof establish one or more Series to which they may allocate such of the Trust Property, subject to such liabilities, as they shall deem appropriate, each such Series to be operated by the Trustees as a separate and distinct investment medium and with separately defined investment objectives and policies and distinct investment purposes, all as established by the Trustees, or from time to time changed by them; they may as they consider appropriate elect and remove officers and appoint and terminate agents and consultants and hire and terminate employees, any one or more of the foregoing of whom may be a Trustee; they may appoint from their own number, and terminate, any one or more committees consisting of one or more Trustees, including without implied limitation an Executive Committee, which may, when the Trustees are not in session and subject to the 1940 Act, exercise some or all of the power and authority of the Trustees as the Trustees may determine; in accordance with Section 5.2 they may employ one or more Investment Advisers, Administrators and Custodians and may authorize any such service provider to employ one or more other or service providers and to deposit all or any part of such assets in a system or systems for the central handling of Securities, retain Transfer, Dividend Disbursing, Accounting or S...
Powers in General. 6 (a) Investments ....................................................... 7 (b) Disposition of Assets ............................................. 7 (c)
Powers in General. 6 (a) Investments 6 (b) Disposition of Assets 7 (c) Ownership Powers 7 (d) Form of Holding 7 (e) Reorganization, etc. 7 (f) Voting Trusts, etc. 7 (g) Contracts, etc. 7 (h) Guarantees, etc. 7 (i) Partnerships, etc. 8 (j) Insurance 8 (k) Pensions, etc 8 (I) Power of Collection and Litigation 8 (m) Issuance and Repurchase of Shares 8 (n) Offices 8 (o) Expenses 8 (p) Agents, etc. 9 (q) Accounts 9 (r) Valuation 9 (s) Indemnification 9 (t) General 9
Powers in General. 5 (a) Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (b) Disposition of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (c)
Powers in General. ..6 Section 3.2. Borrowings; Financings; Issuance of Securities...................................10 Section 3.3. Deposits.........................................................................10 Section 3.4. Allocations......................................................................10 Section 3.5.
Powers in General. (a) The Trustees shall have, without other or further authorization, exclusive power, control and authority over and management of the business of the Trust and the Trust Property and with such powers of delegation as may be permitted by this Declaration, subject only to such limitations as may be expressly imposed by this Declaration of Trust or by applicable law. The Trustees shall owe to the Trust and its Shareholders the same fiduciary duties (and only such fiduciary duties) as are owed by directors of corporations to such corporations and their stockholders under the Delaware General Corporation Law. The enumeration of any specific power or authority herein shall not be construed as limiting the aforesaid power or authority or any specific power or authority. Without limiting the foregoing, and subject to the Fundamental Policies and the requirements of the 1940 Act, the Trustees shall have the power to:
Powers in General. 6 (a) Investments 6 (b) Disposition of Assets 7 (c) Ownership Powers 7 (d) Form of Holding 7 (e) Reorganization, etc. 7 (f) Voting Trusts, etc. 7 (g) Contracts, etc. 7 (h) Guarantees, etc. 7 (i) Partnerships, etc. 8 (j) Insurance 8 (k)
Powers in General. (a) Investments
Powers in General. The Trustees shall have, without other or further authorization, full, entire, exclusive and absolute power, control and authority over, and management of, the business of the Trust and over the Trust Property, to the same extent as if the Trustees were the sole owners of the business and property of the Trust in their own right, and with such powers of delegation as may be permitted by this Declaration, subject only to such limitations as may be expressly imposed by this Declaration or by applicable law. The enumeration of any specific power or authority herein shall not be construed as limiting the aforesaid power or authority or any specific power or authority. Without limiting the foregoing, the Trustees may adopt By-Laws not inconsistent with this Declaration providing for the conduct of the business and affairs of the Trust and may amend and repeal them to the extent that such By-Laws do not reserve that right to the Shareholders; they may select, and from time to time change, the fiscal year of the Trust; they may adopt and use a seal for the Trust, PROVIDED, that unless otherwise required by the Trustees, it shall not be necessary to place the seal upon, and its absence shall not impair the validity of, any document, instrument or other paper executed and delivered by or on behalf of the Trust; they may from time to time in accordance with the provisions of
Powers in General. 6 SECTION 3.2. BORROWINGS; FINANCINGS; ISSUANCE OF SECURITIES....................................10 SECTION 3.3. DEPOSITS..........................................................................10 SECTION 3.4. ALLOCATIONS.......................................................................11 SECTION 3.5. FURTHER POWERS; LIMITATIONS.......................................................11
