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Informa[~mn Statement" shall mean the information statement or other descriptive <br />document or docurhents adopted as such by the Trustees and distributed by tile 4M Fund to <br />participants and p~tential Participants of the 4M Fund as the same may be amended by the <br />Trustees from time ;to time. <br /> <br /> "Initial Participants shall mean the League of Minnesota Cities and the City of <br />Minnetonka which Municipalities initially formed the 4M Fund by tile execution and adol:)tion of this <br />Declaration of Trust. <br /> <br /> "investment Advisory Agreement" shall mean the agreement with the Adviser referred to <br />in Section 3.2 hereof as the same may be amended from time to time. <br /> <br />"Joint Powers Act" shall mean Minnesota Statutes, Section 471.59. <br /> <br /> "Laws" shall mean common law and all ordinances, statutes, rules, regulations, orders, <br />injunctions, decisions, opinions or decrees of any government or political subdivision or agency <br />thereof, or any court or similar entity established by any thereof. <br /> <br /> "Municipality" shall mean county, city, town, public authority, public corporation, public <br />commission, specia) district, any other political subdivision, or an agency of the state or its <br />subdivisions and any "instrumentality" (as that term is defined in the Joint Powers Act) of a <br />municipality. <br /> <br /> "Participants" shall mean the Initial Participants and the Municipalities which adopt this <br />Declaration of Tru~: pursuant to Section 14.6 hereof. <br /> <br /> "Permitted Investments" shall mean the investments referred to in Paragraph (b) or <br />Section 2.2 hereof.~ <br /> <br /> "Person" :shall mean and include individuals, corporations, I/mired partnerships, general <br />partnerships, joint ,stock companies or associations, joint ventures, associations, companies, trusts, <br />banks, trust compgmes, land trusts, business trusts or other entities (which or not legal entities) <br />and governments arid agencies and political subdivisions thereof. <br /> <br /> "Share" ~ihall mean the unit used to denominate and measure the respective beneficial <br />interests of the Participants in the Fund Property as described in Article VI. <br /> <br />hereof. <br /> <br />"Share R~egister" shall mean the register of Shares maintained pursuant to Article VII <br /> <br /> "Technical Advisory Board" shall mean the persons appointed by the Trustees to act as <br />technical advisors ti> the Trust. <br /> <br />ARTICLE II <br /> <br />Powers of the Trustees <br /> <br /> 2.1 ~. Subject to the rights of the Participants as provided herein, the Trustees <br />shall have, without other or further authorization, full, exclusive and absolute power, control and <br />authority over the ~4M Fund Property and other the affairs of the 4M Fund to the same extent as <br />if the Trustees were the sole and absolute owners of the 4M Fund Property in their own right, and <br /> <br /> <br />