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• TABLE OF CONTENTS <br /> Page <br /> RECITALS I <br /> ARTICLE I <br /> The 4M Fund <br /> Section 1.01 Name 2 <br /> Section 1.02 Purpose; Only Certain Minnesota Municipalities to be Participants 2 <br /> Section 1.03 Location 2 <br /> Section 1.04 Nature of 4M Fund and Declaration of Trust 3 <br /> Section 1.05 Definitions 3 <br /> ARTICLE II <br /> Powers of the Trustees <br /> Section 2.01 General 5 <br /> Section 2.02 Permitted Investments 5 <br /> Section 2.03 Legal Title 7 <br /> • Section 2.04 Disposition of Assets 7 <br /> Section 2.05 Taxes 8 <br /> Section 2.06 Rights as Holders of 4M Fund Property 8 <br /> Section 2.07 Delegation; Committees 8 <br /> Section 2.08 Collection 8 <br /> Section 2.09 Payment of Expenses 9 <br /> Section 2.10 Borrowing and Indebtedness 9 <br /> Section 2.11 Deposits 9 <br /> Section 2.12 Valuation 9 <br /> Section 2.13 Fiscal Year; Accounts 9 <br /> Section 2.14 Concerning the 4M Fund and Certain Affiliates 10 <br /> Section 2.15 Investment Program 11 <br /> Section 2.16 Power to Contract, Appoint, Retain, and Employ I 1 <br /> Section 2.17 Insurance 12 <br /> Section 2.18 Seal 12 <br /> Section 2.19 Indemnification 12 <br /> Section 2.20 Remedies 12 <br /> Section 2.21 Information Statement 12 <br /> Section 2.22 Further Powers 13 <br /> Section 2.23 Compliance With Laws 13 <br /> Section 2.24 Tax or Aid or Revenue Anticipation Borrowing 13 <br /> • <br />