AgdaPkt 2002-12-09 - Laserfiche WebLink

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�.i . �� 4.2 Additional Trustee Powers ' � In addition to the other powers enumerated above, and whether or not the Member Agency has retained investment authority or delegated it to an • Investment Fiduciary or Participants in Participant Directed Accounts, the Trustee in any and all events is authorized and empowered: (a) To invest funds pending required directions in any type of interest-bearing account including without limitation, time certificates of deposi# or interes#- bearing accounts issued by Union Bank of Califomia N.A., or any mutual fund or short term investment fund ("Fund"), whether sponsored or advised by Union Bank of Califomia or any affiliate thereof; Union Bank of Califomia, N.A. or its affiliate may be compensated for providing such investment advice and providing other services to such Fund, in addition to any Trustee's fees received pursuant to this Trust Agreement; (b) To cause all or any part of the Agency Trust to be held in the name of the Trustee (which in such instance need not disclose its fiduciary capacity) or, as permitted by law, in the name of any nominee, and to acquire for the Agency Trust any investment in bearer ±orm, but the books and records of the Agency Trust shall at all times show that all such investments are a part of the Agency Trust and the Trustee shall hold evidences of title to all such investments; (c) To serve as sole custodian with respect to the Agency Trust Assets; (d) To employ such agents and counsel as may be reasonably necessary in managing and protecting the Assets and to pay them reasonable compensation; to employ any broker-dealer, including a broker-dealer affiliated with the Trustee, and pay to such broker-dealer at the expense of the Agency Trust, its standard commissions; to:.settle, compromise or abandon �all claims and demands in favor of or against the Agency Trust; and to charge any premium on bo�ds purchased at par value to the principal of the Agency Trust without amortization from the Agency Trust, regardless of any law relating thereto; (e) In addition to the powers listed here��i, to do all other acts necessary or desirable for the proper administration of the Agency Trust, as though the absolute owner thereof; (� To abandon, compromise, contest, a� or settle claims or demands; to prosecute, compromise and defend lawsuits, but without obligation to do so, all at the risk and expense of the Agency Trust; (g) To exercise and perform any and all of the other powers and duties specified in this Trust Agreement or the Plan; 15 2567_12 PEL