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OR I q 2 q PG I 0 q q c Florida League of cities, Inc. The Board of Trustees, upon adoption of an amendment to this Agreement, shall send a copy of any such amendment to the members participating in the Fund. Section 2. Termination of Agreement This Agreement shall continue in full force and effect and may be amended and supplemented from time to time subject to the restrictions provided herein. This Agreement may be terminat~d at any time by the concurrence of a majority of the Board of Trustees. In addition, the assets, management and operations of this Fund may be merged or consolidated with the assets, management and operations of any other authorized self-insurer or insurer by the concurrence of a majority of the Board of Trustees ,if'. the Board of . Trustees finds such consolidation or merger is in the best interests of the Fund and its participating members, the Board of Trustees finds such self-insurer or insurer has demonstrated a financial capability to assume, and will in fact assume, any and all liabilities incurred by the Fund prior to the date of any such consolid~tion or merger, and the Board of Trustees has secured the prior approval of such consolidation or merger from the Board of Directors of the Florida League of cities, Inc. In the event of termination, except with respect to a termination effected through a merger or consolidation, the remaining assets and funds of the Fund, after all liabilities and claims have been satisfied, shall be distributed, in an equitable manner to be determined by the Board of Trustees, to members then participating in the Fund. Section 3. Situs of Trust (' W The situs of this questions pertaining administration shall be the State of Florida. Agreement is the State of Florida. All to its validity, construction, and determined in accordance with the laws of Secti'on 4. Construction Whenever any words are used in this Agreement in the masculine gender, they shall be construed as though they were also used in the feminine or neuter gender in all situations where they would so apply, and whenever any words are used in this Agreement in the singular form, they shall be construed as though they were also used in the plural form in all situations where they would so apply, and whenever any words are used in this Agreement in the plural form, they shall be construed as though they were used in the singular form in all situations where they would so apply. Section 5. Fiscal Year The Fund shall operate on a fiscal year from 12: 01 a. m. , October first to midnight of the last day in September of the succeeding year. Application for membership, when approved in writing by the Board of Trustees or its designee, shall constitute a continuing contract for each succeeding fiscal year unless canceled by the Board of Trustees or the participating member in the manner herein provided. Section 6. Agreement of Counterparts Any prospective member who formally applies for membership in the Fund by executing a Participation Agreement and which is accepted by the Board of Trustees shall thereupon become a party to this Agreement and shall be bound by all of the terms and conditions hereof, and said Participation Agreement shall constitute a counterpart of this Agreement. Section 7. Liability of Parties c The initial parties to this Agreement, and any party who may now or hereafter become a member of the Fund, agree that this [ill