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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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Participants shall be entitled to redeem funds from the <br />Government Fund upon provision of not less than 72 hours notice to <br />the Trust. <br />(B) Additional Investment Funds may be established by the <br />Board. The action creating any additional Investment Fund shall <br />specify the applicable Permitted Investments and redemption <br />requirements. <br />(C) The Trustees shall not modify the list of Permitted <br />Investments or the period of advance notice required for the <br />redemption of Shares for any Investment Fund without (1) providing <br />30 day0s written notice to each Participant holding Shares in such <br />Investment Fund and (2) permitting each Participant to redeem its <br />Shares in such Investment Fund. <br />SECTION 4.03. ACQUISITION AND DISPOSITION OF ASSETS. <br />(A) The Trustees shall have full and complete power to <br />establish and maintain Investment Funds for Participants. For such <br />consideration as they may deem proper and as may be required by <br />law, the Trustees shall be authorized to purchase, subscribe for, <br />invest in, sell, assign, transfer, exchange, distribute and <br />otherwise deal in or dispose of Permitted Investments and to <br />contract for and enter into agreements with respect to the purchase <br />and sale of Permitted Investments. <br />(B) The Trustees shall have full and complete power to sell, <br />exchange or otherwise dispose of any and all Trust Property free <br />and clear of. any and all trusts and restrictions, at public or <br />private sale, with or without advertisement, for cash or on terms, <br />and subject to such restrictions, stipulations, agreements and <br />reservations as they shall deem proper, and to execute and deliver <br />any deed, power, assignment, bill of sale or other instrument in <br />connection with the foregoing, including giving consents and making <br />contracts relating to Trust Property or its investment, use or <br />disposition. <br />SECTION 4.04. DELEGATION. The Trustees shall have full and <br />complete power (consistent with their continuing exclusive <br />authority over the management and administration of the Trust and <br />their duties and obligations as Trustees) to delegate from time to <br />time to one or more Trustees (who may be designated as a Committee <br />of the Trustees) or to officers, employees or agents of the Trust <br />(including the Investment Advisor, the Administrator, the Custodian <br />and the Trust Counsel) such authorities, the performance of such <br />acts and things, the execution of such instruments either in the <br />name. of the Trust or as their attorney or attorneys, and such other <br />responsibilities as the Trustees may from time to time deem <br />expedient and appropriate in the furtherance of the business <br />affairs and purposes of the Trust. The provisions of this Section <br />17 <br />
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