Trust Fund account

(1) The Board shall, by a resolution of the Board, open and maintain at such bank or banks as it may from time to time determine, accounts for the funds of the Trust. 26 (2) The Central Bank of Belize shall be the trustee of the Trust Fund and shall be its fiduciary manager. (3) All money forming part of the Trust Fund shall, as soon as practicable after it is received by any proper officer of the Trust, be paid into the Trust Fund account. (4) No money shall be paid out of the Trust Fund account except with the authority, and in accordance with any general or special directions, of the Board. (5) The Trust Fund account may only be operated on by cheque or other negotiable instrument (not being a promissory note or bill) signed by a director or other officer of the Trust who is authorized by the Board to sign cheques drawn on the account, and countersigned by any other director or officer of the Trust who is authorized by the Board to sign such cheques.