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1993-136
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1993-136
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Last modified
7/29/2020 2:45:46 PM
Creation date
7/29/2020 12:55:13 PM
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Resolutions
Resolution Number
193-136
Approved Date
08/10/1993
Entity Name
Florida Counties Investment Trust
Subject
Authorizing investment of surplus funds in the Florida Counties Investment Trust
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ARTICLE I <br />DEFINITIONS AND <br />SECTION 1.01. DEFINITIONS. As used in this Agreement and <br />Declaration of Trust, the following terms shall have the following <br />meanings unless the context hereof otherwise requires. Words <br />importing the singular number shall include the plural in each case <br />and vice versa, and words importing persons shall include firms and <br />corporations. <br />"Administrator" shall mean the person or persons appointed, <br />engaged by the Trustees in accordance with the applicable <br />provisions of Section 5.01 hereof, to perform the duties described <br />in Section 5.03 hereof. <br />"Affiliate" shall mean, with respect to any person, another <br />person directly or indirectly controlled by or under common control <br />with such person, or any officer, director, partner or employee of <br />such person. <br />"Agreement" shall mean this Agreement and Declaration of <br />Trust, including any amendments, supplements or joinders hereto <br />executed and delivered in accordance with the terms hereof. <br />"Annual Report" shall mean the annual report required by <br />Section 4.15 hereof. <br />"Board" shall mean the Board of Trustees responsible for the <br />operation and administration of the Trust. <br />"Business Day" shall mean any day upon which banks in the <br />State are open to transact regular business. <br />"Clerk's Association" shall mean the Florida Association of <br />Court Clerks and County Comptrollers. <br />"County Association" shall mean the Florida Association of <br />Counties, Inc. <br />"Custodian" shall mean the bank or trust company engaged by <br />the Trustees in accordance with the applicable provisions of <br />Section 6.01 hereof. <br />"Custodian Agreement" shall mean the agreement between the <br />Trust and the Custodian referred to in Section 6.01 hereof, as the <br />same may be amended from time to time. <br />"Development Expenses" means any charges or expenses <br />associated with the initial formation of the Trust, including legal <br />3 <br />
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