Duties, Powers & Limitations of "Managing Trustee"
1. The Managing Trustee shall uphold & keep upheld the Vision, Mission & Values of this Trust mentioned hereabove. Any violation constitutes misconduct & is due cause for removal from the Trust.
2. The Managing Trustee is authorized to appoint additional Trustees (of unimpeachable integrity) as required within the number mentioned hereunder.
3. The Managing Trustee is authorized to appoint competent full-time/ part- time/ contractual employees, consultants, or entities for this Trust to manage the day-to-day affairs of the Trust and/ or to achieve the project objectives of the Trust, with prior approval from the Board of Trustees.
4. The Managing Trustee is authorized to receive & keep all Trust funds collected by way of grants, donations, voluntary contributions-both local & foreign-and other assets in the name of the Trust only.
5. The Managing Trustee is authorized to partially invest in or fully acquire movable/ immovable properties in the name of the Trust, with prior approval from the Board of Trustees.
6. The Managing Trustee is authorized to mortgage or lease or sell any movable/ immovable property of the Trust, only with the prior approval of the Board of Trustees.
7. The Managing Trustee is authorized to borrow or lend or advance money in furtherance of the objectives of the Trust, only with the prior approval of the Board of Trustees.
8. The Managing Trustee shall dutifully convene & conduct quarterly & annual meetings of the Board of Trustees as prescribed hereunder.
9. The Managing Trustee is authorized to terminate the services of any Trust employee/ consultant with a one-half majority vote by the Board of Trustees.
10. The Managing Trustee is authorized to terminate the Trusteeship of any Trustee with a two-thirds majority vote by the Board of Trustees.