Title
A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF THE GLENN L. AND FAYE V. GAMMON EDUCATIONAL TRUST FOR THE CHEROKEE NATION HIGHER EDUCATION PROGRAM
Body
WHEREAS, the Cherokee Nation since time immemorial has exercised the sovereign rights of self government on behalf of the Cherokee people; and,
WHEREAS, the Cherokee Nation is a federally recognized Indian Nation with a historic and continual government to government relationship with the United States of America; and,
WHEREAS, the Cherokee Nation Constitution Article 7 § 9 states “The Principal Chief shall cause the laws of the Cherokee Nation to be faithfully executed, and shall conduct in person and in such manner as shall be prescribed by law, all communications and business of the Cherokee Nation. The Principal Chief may cause to be formed and operated, trusts, the beneficiary of which shall be the Cherokee Nation and these trusts shall be granted such powers as provided by law for public trusts. Authorization for these trusts, however, must be approved by a majority vote of the Council”.
WHEREAS, the Cherokee Nation has been named as a beneficiary in the Glenn L. and Faye V. Gammon Will and Trust;
WHEREAS, a Trust Agreement Creating the Glenn L. and Faye V. Gammon Trust was entered into at Irving, Dallas County, Texas on the 20th day of July, 1995, by and between Glenn L. Gammon and Faye V. Gammon, of Irving, Dallas County, Texas;
WHEREAS, the disposition of the Glenn L. and Faye V. Gammon Estate provides the Nation be the recipient of one equal share of the assets and property comprising the principal of the same and shall be distributed in fee simple and free of trust in equal shares;
WHEREAS, the distribution of the principal at the bequest of Glenn L. and Faye V. Gammon is for the Cherokee Nation Higher Education Program for the establishment of the Glenn L. and Faye V. Gammon Educational Trust. Upon fulfillment of the terms of the trust agreement, the Cherokee Nation, as a designated ben...
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