Laserfiche WebLink
• 1.04 Nature of 4M Fund and Declaration of Trust. <br /> (a) The 4M Fund Shall be a common law trust (also known as a business trust) <br /> organized and existing under the Laws of the State of Minnesota. The 4M Fund is not intended <br /> to be, shall not be deemed to be, and shall not be treated as, a general partnership, limited <br /> partnership,joint venture, corporation, investment company,joint stock association or joint stock <br /> company. The Participants shall be beneficiaries of the 4M Fund, and their relationship to the <br /> Trustees shall be solely in their capacity as Participants and beneficiaries in accordance with the <br /> rights conferred upon them hereunder. <br /> (b) This Declaration of Trust is an agreement of indefinite term regarding the <br /> joint or cooperative exercise of a power common to the parties thereto within the meaning of <br /> the Joint Powers Act. <br /> 1.05 Definitions. As used in this Declaration of Trust, the following terms shall have <br /> the following meanings unless the context hereof otherwise requires: <br /> "Administrator" shall mean any Person or Persons appointed, employed or contracted with <br /> by the Trustees under the applicable provisions of Section 3.01 hereof. <br /> "Administration Agreement" shall mean the agreement with the Administrator referred to <br /> in Section 3.03 hereof as the same may be amended from time to time. <br /> • "Adviser" shall mean any Person or Persons appointed, employed or contracted with by the <br /> Trustees under the applicable provisions of Section 3.01 hereof. <br /> "Affiliate" shall mean, with respect to any Person, another Person directly or indirectly <br /> controlling, controlled by or under common control with such Person, or any officer, director, <br /> partner or employee of such Person. <br /> "Board of Trustees" or "Trustees" shall mean the Board of Directors of the League of <br /> Minnesota Cities. <br /> "Certificate of Designation" shall mean a certificate in substantially the form of Exhibit A <br /> attached to this agreement. <br /> "Custodian" shall mean any Person or Persons appointed, employed or contracted with by <br /> the Administrator under the applicable provisions of Section 11.02 hereof. <br /> "Custodian Agreement" shall mean the agreement with the Custodian referred to in Section <br /> 11.01 hereof as the same may be amended from time to time. <br /> "Declaration of Trust" shall mean this Declaration of Trust as amended, restated or modified <br /> from time to time. References in this Declaration of Trust to "Declaration", "hereof', "herein", <br /> 3 <br />