The contract establishes the Florida Counties Investment Trust, with the purpose of managing investments for the benefit of the trust's members. The trust is administered by a board of trustees, consisting of nine members, with specific roles and responsibilities. The contract outlines the procedures for meetings, elections, and decision-making, as well as the duties and liabilities of the trustees. The trust's assets are to be managed and invested in accordance with the contract's provisions, with the goal of generating returns for the members. Key aspects of the contract include the establishment of the trust, the roles and responsibilities of the trustees, and the procedures for managing the trust's assets.
• The trust is established to manage investments for the benefit of its members.
• The board of trustees consists of nine members, with specific roles and responsibilities.
• The contract outlines procedures for meetings, elections, and decision-making.
• The trustees have duties and liabilities, including the management of the trust's assets.
• The trust's assets are to be managed and invested in accordance with the contract's provisions.