Each of the OPEB Boards shall perform the duties set forth in
the respective OPEB Trust Agreements, as amended from time to time,
relating to the management of the assets held in the respective OPEB
Trusts. The Chairman of each of the OPEB Boards and the Town's
Fiscal Officer, as co-trustees of the respective OPEB Trusts, shall
perform the duties set forth in the respective OPEB Trust Agreements,
as amended from time to time, relating to the care and custody of
all funds held in the respective OPEB Trusts, and shall have the power,
with the approval of each of the OPEB Boards, to invest such funds
in securities legal for investment for such trust funds.
The Town shall be liable to each of the OPEB Boards to pay the
full amount of the actuarially required contribution to fund the post
employment benefits for the beneficiaries of the respective OPEB Trusts
over a period of four fiscal years commencing in Fiscal Year 2010.