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(i) statement of the assets and liabilities of the
Plan;
(ii) statement of changes and net assets available
to the Plan .
(iii) statement of receipts and disbursements, a
schedule of all assets held for investment purposes, a
schedule of all loans or fixed income obligations in
default at the close of the Fiscal Year;
(iv) a list of all leases in default or uncollectible
during the Fiscal Year;
(v) the most recent annual statement of assets and
liabilities of any bank, common or collective trust fund
in which Plan assets are invested or such information regard-
ing separate accounts or trusts with a bank or insurance
company as the Trustee and Administrator deem necessary;
(vi) and a schedule of each transaction or series of
transactions involving an amount in excess of 3~ of Plan '
assets.
The accountant shall give his opinion that each of the statements,
schedules, or lists required above, or otherwise required by the
Act or the Secretary of Labor to be filed with the annual report,
fairly presents the information given in all material respects
when considered with the financial statement of the Plan as a
whole. Notwithstanding anything in this Agreement to the contrary,
all auditing and accounting fees shall be an expense of and may, at
the election of the Administrator, be paid from the Trust Fund.
(b) If the Trustee is a bank, insurance company, or similar
institution, regulated and supervised and subject to periodic
examination by a state or federal agency, it shall transmit and
certify the statements required in any annual report under
Section 103(b) of the Act as accurate to the Administrator and
the Employer within 120 days after the end of the Plan Year,
Fiscal Year, or such other date as may be presecribed under regu-
lations of the Secretary of Labor.
E
7.8 RESIGNATION, REMOVAL, AND SUCCESSION OF THE TRUSTEE.
! '
(a) Any Trustee may resign at any time by delivering to the
Employer, at least thirty (30) days before its effective date, a
written notice of his resignation.
(b) The Board of Directors of the Employer may remove any
Trustee by mailing by registered or certified mail, addressed
to such Trustee at his last known address, at least thirty (30)
days before its effective date, a written notice of his removal
and a copy, certified by the Secretary of the Employer, of the
resolution adopted by such Board of Directors effecting his
removal.
E
F
(c) Upon the death, resignation, incapacity or removal of
any Trustee, a successor may be appointed by resolution of
E the Board of Directors of the Employer; and such successor,
i upon accepting such appointment in writing and delivering same
to the Employer, shall, without further act, become vested with
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