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ARTICLE I The 4M Fund 1.01 ~. The name of the common law trust created by this Declaration of Trust shall be "Minnesota JX4unicipal Monev .Market Fund" (the 4M Fund) and, so far as may be practica- ble, the Trustees sh,hll conduct the 4~I Fund's activities, execute all documents and sue or be sued under that name, wl/iich name (and the word "4M Fund" wherever used in this Declaration of Trust, except where the context otherwise requires) shall refer to the Trustees in their capacity as Trustees, and not individually or personally, and shall not refer to the officers, agents, employees, counsel, advisers, consultants, accountants, or Participants of the k4M Fund or of such Trustees. Should the Trustees. determine that the use of such name is not practicable, legal or convenient, they may use such 6ther designation or they may adopt such other name for the 4M Fund as they deem proper, and the 4M Fund may hold property and conduct its activities under such designation or name. The Trmltees shall take such actions as they, acting with the advice of counsel, shall deem necessary or appropriate to file or register such name in accordance with the Laws of the State of Minnesota Or the United States of America so as to protect and reserve the right of the 4M Fund in and to such name. 1.02 Pur..pose: Only Certain Minnesota Munici!oalities to be Participants. (a) The purpose of the 4M Fund is to provide a means through which Municipalhies may jointly and cooperatively exercise their power to invest their respective available funds so as to enhance their investment opportunities pursuant to an investment program conducted in accordance with the Laws of the State of Minnesota, from. time to time in effect, governing the investment of the Mllnicipal Funds. Only Municipalities organized under the Laws of the State of Minnesota may becoyne Participants. A Municipality may become a party to this Declaration of Trust and may place-moneys in the 4M Fund only after its Board or Council has duly adopted a resolution, or taken iother applicable official action, authorizing such Municipality to become a Participant of the 4M Fund and adopting this Declaration of Trust. (b) It is not necessary for a municipality to place any funds in the 4M Fund to become a Participant, and no minimum investment balance must be maintained by a Municipaliry which has become a l~articipant in order for such Municipality to continue to be a Participant. 1.03 Location. The 4M Fund shall maintain an office of record in the State of Minnesota and may r~aintain such other offices or places of business as the Trustees may from time to time determine. The initial office of record of the 4M Fund shall be: c/o League of Minnesota Cities, 183 University Ave. East, St. Paul, Minnesota 55101. The office of record may be changed from time to time by~ resolution of the Trustees, and notice of such change of the office of record shall be given to each Participant. 1.04 Nature of 4M Fund and Declaration of Trust. (a) The 4M Fund shall be a common law trust (also 'known as a business trust) organi- zed and existing under the laws of the State of Minnesota. The 4M Fund is not intended to be, shall not be deemed to be, and shall not be treated as, a general partnership, limited partnership, /7