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2018 Resolutions
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2018 Resolutions
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12/18/2018 12:05:28 PM
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6. To make, execute and deliver, as trustee, any deeds, conveyances, leases, <br />mortgages, contracts, waivers or other instruments in writing that it may deem necessary <br />or desirable in the exercise of its powers under this Agreement. <br />7. To do all other acts that it may deem necessary or proper to carry out any <br />of the powers set forth in this Section 103 or Section 202, to administer or carry out the <br />purposes of the Trust Fund, or as otherwise is in the best interests of the Trust Fund; <br />provided, however, the Board of Trustees need not take any action unless in its opinion <br />there are sufficient Trust Fund assets available for the expense thereof. <br />8. To adopt bylaws governing the Trustees' operations and procedures. <br />9. To contract with municipal corporations, political subdivisions and other <br />public entities of State or of local government and private entities for the provision of <br />Trust Fund services and for the use or furnishing of services and facilities necessary, <br />useful, or incident to providing Trust Fund services. <br />10. To advise the Administrator on the establishment of expectations with <br />regard to the provision of administrative services and the establishment of appropriate fee <br />levels. <br />11. To establish and charge fees for participation in the Trust Fund and for <br />additional administrative services provided to a Participating Employer in addition to any <br />fees charged by other administrative service providers. <br />12. To collect and disburse all funds due or payable from the Trust Fund, <br />under the terms of this Agreement. <br />13. To provide for and promulgate all rules, regulations, and forms deemed <br />necessary or desirable in contracting with Local Finance Boards and their Participating <br />Employers, in fulfilling the Trustees' purposes of providing Other Post - Employment <br />Benefits through the Trust Fund, and in maintaining proper records and accounts. <br />14. To employ insurance companies, banks, trust companies, investment <br />brokers, investment advisors, or others as agents for the receipt and disbursement of <br />funds held in trust for Participating Employers. <br />15. To determine, consistent with the applicable law and the procedures under <br />the Trust Fund, all questions of law or fact that may arise as to investments and the rights <br />of any Participating Employer to assets of the Trust Fund. <br />16. Subject to and consistent with the Code and the Virginia Code, to construe <br />and interpret the Trust Agreement and to correct any defect, supply any omissions, or <br />reconcile any inconsistency in the Agreement. <br />As amended December 7. 20 11 <br />
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