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direct investment of his or her Directed Account. To the extent allowed by law, neither the Agency, the <br />Plan Administrator, the Record - keeper, nor the Trustee shall have any responsibility for monitoring the <br />directions of the Participant nor shall the Agency, the Plan Administrator, the Record - keeper or the <br />Trustee be liable in any manner for investment or other losses or other liability for following directions <br />of a Participant. <br />(c) If Directed Accounts are established, notwithstanding any other provision of this Trust <br />Agreement, the Agency may appoint the Trustee to provide ministerial administrative services for such <br />accounts by so indicating in the Agency's Plan, provided that an acceptable service agreement has been <br />executed by and between the Agency, the Plan Administrator, the Trustee and the Record - keeper. <br />ARTICLE III <br />TRUSTEE'S POWERS <br />3.1 General Trustee's Powers. Except as otherwise provided in Article II, the Trustee shall have <br />full power and authority with respect to property held in the Trust to do all such acts, take all <br />proceedings, and exercise all such rights and privileges, whether specifically referred to or not in this <br />document, as could be done, taken or exercised by the absolute owner, including, without limitation, the <br />following: <br />(a) To invest and reinvest the Trust or any part hereof in any one or more kind, type, class, <br />item or parcel of property, real, personal or mixed, tangible or intangible; or in any one or more kind, <br />type, class, item or issue of investment or security; or in any one or more kind, type, class or item of <br />obligation, secured or unsecured; or in any combination of them; and to retain the property associated <br />with such investment or reinvestment for the period of time that the Trustee deems appropriate. <br />(b) To buy, sell, assign, transfer, acquire, loan, lease (for any purpose, including mineral <br />leases, and for terms within or extending beyond the life of this Trust), exchange and in any other <br />manner to acquire, manage, deal with and dispose of all or any part of the Trust property, for cash or <br />credit and upon any reasonable teens and conditions. <br />(c) To make "deposits" with any bank or savings and loan institution, including any such <br />facility of the Trustee or an affiliate thereof provided that the deposit bears a reasonable rate of interest; <br />(d) To retain all or any portion of the Trust in cash temporarily awaiting investment or for the <br />purpose of making distributions or other payments, without liability for interest thereon, notwithstanding <br />Trustee's receipt of "float" from such uninvested cash; <br />(e) To place uninvested cash and cash awaiting distribution in one or more mutual funds <br />and /or commingled investment funds maintained by or made available by the Trustee, and to receive <br />compensation from the sponsor of such fund(s) for services rendered, separate and apart from any <br />trustee's fees hereunder. Trustee or Trustee's affiliate may also be compensated for providing investment <br />advisory and other services to any such mutual fund or commingled investment funds. Agency <br />acknowledges receipt of prospectuses for such funds; <br />(f) To borrow money for the purposes of the Trust from any source other than a party in <br />interest of the Plan, with or without giving security and to pay interest, to issue promissory notes and to <br />secure the repayment thereof by pledging all or any part of the Trust assets; <br />IN <br />