HomeMy WebLinkAbout2886 ~ ~
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~ provisions of this Trust and by law, the Trustees
shall have ful l power to buy, sei 1. borroa. pledge,
' exchange, or otherwtse deal wfth any asset of the
Trust to the e~ctent necessary for ~the perfora~nce
of thei~ dutirs hereunder, s~Ject to the lia~itations
containcd in this Trust."
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"Scction 12.05 - Actio~_ n
b_y__Maio`ritv_ -
"Any poKCr. auth~rity or discretion given to the
. Trustees a~y be exercised by a majority of the Trustees
in offtce at any ti~ae, and any docuaent signed by a '
majority shall be ~ffective as a document executed ~
by the Trustees. If at any t in~e one person is both ~
the Investment Manager and a Truste~, he shail have ~
only one vote wherever this Ag~eeoent calls for ,
msJority vote of the Investaaent Manager and the ~
Trus tees.
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'The Trustees msy delcgate to any one of thelr ~ ~
number or to the Secretary to the Trustees authority ~ ,
. to sign any docwaents on their behalves, or to per- ;
fo~m mi hi ster ia 1 acts, but no person to wt~an such ;
authority is delegated shall perfor~a~ any act in- 1
volving the exercise of any disc~etion without first ~
' obtaining the concurrence of a a~jorfty ot the ~
Trustees eve~ though he alorie may stgn any docuaent
~ requ i red b y th i rd pa rt i es." ~
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"Sect
ion
12~19 - Dea i9nat ion - ;
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~'M~enever it shali be necessary to designate the i
Trustees as the owners of any assets under this Trust, ~
including any contracts of an Insurer, the follaring ~
or any simi ~a~ fona a~ay be useds
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~TRUSTEES of THE KIPLINGER i
EMPLOYEES~ PROFIT SHARlN6 PLAN~. '
~~The authori zed form of s i gnatu~e on a i l secur t t i es , '
docwents, or papers, aisy be as above, Ni th the add i t ion i
of a 1 ine or 1 ines headed by the w~o~d ~By~ and with ;
~ the language rAuthorized Trustee~ appearing under the '
line or lines." ;
! , "S,
~ctio~ 6.0 - P~or~ers ovar jnv_
nts~ -
"Excepti~g as to real estate and contracts of an
Insucer, and excepting as provided 1n sub-paragraph
(d) of this Section. the Investaient ltan~g~r shall have
~ such of the foi lari ng powers, includi ng such poMers
as ere incident to a~y of those enuwerated, with
refersr~ce Lo the funds tn the Invest~aent and Susp~nse
Accounts and to the assets r~su lt i ng f ro~ 1 rnrest-
~ants, re-imr~sti¦ents, etc.. r+hici~ iry be delegated ~
-2-
; ~ ~ 172 p~ 2l~9 ~
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