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• sale, to purchase or otherwise acquire title to any property; (vi) to be parties to reorganization <br /> and to transfer to and deposit with any corporation, committee, voting trustee or other Person <br /> any securities, investments or obligations of any person which form a part of the 4M Fund <br /> Property, for the purpose of such reorganization or otherwise; (vii) to participate in any <br /> arrangement for enforcing or protecting the interests of the Trustees as the owners or holders <br /> of such securities, investments or obligations and to pay any assessment levied in connection <br /> with such reorganization or arrangement; (viii) to extend the time (with or without security) for <br /> the payment or delivery of any debts or property and to execute and enter into releases, <br /> agreements and other instruments and (ix) to pay or satisfy any debts or claims upon any <br /> evidence that the Trustees shall deem sufficient. <br /> 2.09 Payment of Expenses. The Trustees shall have full and complete power: (i) to incur <br /> and pay any charges or expenses which in the opinion of the Trustees are necessary or incidental <br /> to or proper for carrying out any of the purposes of this Declaration of Trust; (ii) to reimburse <br /> others for the payment therefor; and (iii) to pay appropriate compensation or fees from the funds <br /> of the 4M Fund to Persons with whom the 4M Fund has contracted or transacted business. The <br /> Trustees shall fix the compensation, if any, of all officers and employees of the 4M Fund. The <br /> Trustees shall not be paid compensation for their general services as Trustees hereunder. The <br /> Trustees may pay themselves or any one or more of themselves reimbursement for expenses <br /> reasonably incurred by themselves or any one or more of themselves on behalf of the 4M Fund. <br /> 2.10 Borrowing and Indebtedness. The Trustees shall not have the power to borrow <br /> money or incur indebtedness on behalf of the 4M Fund, or authorize the Fund to borrow money <br /> or incur indebtedness, except as provided in clause (iv) of Section 4.02 of this Declaration of <br /> Trust, but only if and to the extent permitted by Law. <br /> 2.11 Deposits. The Trustees shall have full and complete power to deposit, in such <br /> manner as may now or hereafter be permitted by Law, any monies or funds, included in the 4M <br /> Fund Property, and intended to be used for the payment of expenses of the 4M Fund or the <br /> Trustees, with one or more banks, or thrift institutions meeting the requirements of Section 2.02 <br /> (b) (vi) hereof. Such deposits are to be subject to withdrawal in such manner as the Trustees <br /> may determine, and the Trustees shall have no responsibility for any loss which may occur by <br /> reason of the failure of the bank or thrift institution with which the monies, investments, or <br /> securities have been deposited. Each such bank or thrift institution shall comply, with respect <br /> to such deposits, with all applicable requirements of all applicable Laws, including, but not <br /> limited to, Laws of the State of Minnesota relating to Municipalities. <br /> 2.12 Valuation. The Trustees shall have full and complete power to determine in good <br /> faith conclusively the value of any of the 4M Fund Property and to revalue the 4M Fund <br /> Property. <br /> 2.13 Fiscal Year: Accounts. The Trustees shall have full and complete power to <br /> determine the fiscal year of the 4M Fund and the method or form in which its accounts shall be <br /> kept and from time to time to change the fiscal year or method or form of accounts. Unless <br /> otherwise determined by the Trustees pursuant to this Section 2.13, the fiscal year of the 4M <br /> SFund shall terminate on June 30 and commence on July 1, of each calendar year. <br /> 9 <br />