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OR I q 2 q PG , 0 q 2 c principal office or offices of the Fund, any and all records, books, documents or other property in his possession or under his control which belongs to the Fund. section 7. Appointment of Successor Trustee In the event any Trustee duly appointed to serve on the Board of Trustees shall die, resign, become incapacitated, or refuse to act, a successor Trustee shall be selected forthwith by the Board. The notice of appointment of a successor Trustee shall be provided in writing by the Chairman of the Board of Trustees or the Administrator, and such successor Trustee's notice of acceptance of such appointment shall be provided in writing to the Chairman of the Board addressed to the office or offices of the Fund. A successor Trustee selected pursuant to this paragraph shall fulfill the unexpired term of the Trustee replaced and, subject to re- election, qualifications and limitations on service, and removal of a Trustee as provided herein, shall be entitled to serve two (2) full consecutive three-year terms following the expiration of the unexpired term filled by the successor Trustee. Section 8. Trustees' Rights In case of death, resignation, incapacity, or refusal to act on the part of one or more of the Trustees, the remaining Trustees shall have all the powers, rights, estates, and interest provided in this Agreement as Trustees and shall be charged with the duties provided in this Agreement, provided in such cases, no action may be taken unless it is concurred in by a majority of the remaining Trustees. Section 9. Trustee Officers c The initial Board of Trustees shall meet as promptly as possible after the execution of this Agreement and elect from among the members of the Board a Chairman and Vice-Chairman. The term of these officers shall commence on the date of their election and shall continue to the end of the fiscal year. Thereafter, such officers shall be elected annually. The Vice-Chairman of the Board of Trustees shall exercise the powers, duties and responsibilities of the Chairman in the Chairman'S absence. ARTICLE III - ADMINISTRATION OF FUND Section 1. Meetings The Board of Trustees shall meet at such time and in such location as may be acceptable to a majority of the Board of Trustees. The Chairman of the Board of Trustees or his designee shall set the date, time and location of each meeting, and notice thereof shall be furnished to each Trustee by the Chairman or his designee not less than ten (10) days prior to the date of such meeting. Such notice shall specify. the date, time and location of such meeting and may specify the purpose thereof, and any action proposed to be taken thereat. Such notice shall be directed to each Trustee by mail to the address of such Trustee as is recorded in the office or offices of the Fund. In no event shall the Board of Trustees' meet less than semi-annually. The Chairman of the Board or any three (3) other Trustees may call a special meeting and direct the Administrator to send the prerequisite notice for any special meeting of the Board of Trustees. Special meetings of the Board of Trustees may be held at any time and place without notice, or with less than the prerequisite notice, provided all Trustees execute a waiver of notice and consent to said meeting. c For purposes of a duly called meeting of the Board of Trustees, a quorum shall, exist if a majority of the members of the Board of Trustees are present. @]