objectives of the Trust, and whose establishment or promotion may be beneficial to the Trust. 5.15 To support or subscribe to any institution, society or fund (including a capital fund) which may be for the benefit of the Trust or its employees, whether past or present. 5.16 To into Memoranda of Understanding with any other Non profit organisations having tax exempt status or similar organizations for the furtherance of the objectives of the Trust, whether or not such Non profit organisations are registered within another jurisdiction. 5.17 To undertake any other acts and do anything else which is consequential or incidental to any of the above powers or conducive to the promotion and attainment of the Trust’s objects, save that the Trustees shall not engage in any activity which contravenes the Gambling Act, 1965, the Lotteries and Gambling Board Act, 1993, or any other law. APPLICATION OF FUNDS Distributions from the Trust funds shall be made by the Trustees solely in furtherance of the vision and objective of the Trust and the administration expenses occasioned thereby. 7. APPOINTMENT OF TRUSTEES 7.1 The Trust shall have a Board of Trustees, which shall comprise in number not less than three (3) and a maximum of seven (7). 7.2 The Trustees may, within a period of six (6) months of the effective date, appoint new trustees or remove existing trustees, by means of a two-thirds majority at a special meeting, in their entire discretion.
objectives of the Trust, and whose establishment or promotion may be beneficial to the Trust. 5.15 To support or subscribe to any institution, society or fund (including a capital fund) which may be for the benefit of the Trust or its employees, whether past or present. 5.16 To into Memoranda of Understanding with any other Non profit organisations having tax exempt status or similar organizations for the furtherance of the objectives of the Trust, whether or not such Non profit organisations are registered within another jurisdiction. 5.17 To undertake any other acts and do anything else which is consequential or incidental to any of the above powers or conducive to the promotion and attainment of the Trust’s objects, save that the Trustees shall not engage in any activity which contravenes the Gambling Act, 1965, the Lotteries and Gambling Board Act, 1993, or any other law. APPLICATION OF FUNDS Distributions from the Trust funds shall be made by the Trustees solely in furtherance of the vision and objective of the Trust and the administration expenses occasioned thereby. 7. APPOINTMENT OF TRUSTEES 7.1 The Trust shall have a Board of Trustees, which shall comprise in number not less than three (3) and a maximum of seven (7). 7.2 The Trustees may, within a period of six (6) months of the effective date, appoint new trustees or remove existing trustees, by means of a two-thirds majority at a special meeting, in their entire discretion.
NPO%20Trust%20Deed.docx