SEAFARERS JOINT EMPLOYMENT FUND

TO COLLECT, PRESERVE & INVEST THE MONIES AND OTHER THINGS OF VALUE PAID TO THE FUND; TO PAY AND/OR PROVIDE FOR THE OPERATION, MAINTENANCE, EXPANSION & REPLACEMENT OF HIRING HALLS OR EMPLOYMENT CENTERS AT LOCATIONS WHERE THE UNION MAINTAIN OFFICES FOR THE BENEFIT OF UNEMPLOYED & UNLICENSED SEAMEN & OTHER WORKERS SEEKING EMPLOYMENT IN THE SHIPPING & ALLIED TRANSPORTATION SERVICES INDUSTRIES WITHIN THE GEOGRAPHICAL JURISDICATION OF THE UNIONS TOGETHER WITH SUCH ANCILLARY & COMPLEMENTARY SERVICES RELATED TO THE OPERATION OF THE HIRING HALLS & EMPLOYMENT CENTERS & TO PROVIDE SERVICES & DEVELOP PROGRAMS TO BENEFIT SUCH WORKERS BY HELPING THEM MAINTAIN & SHARPEN THEIR SKILLS & TO DO ALL THAT IS NECESSARY TO IMPLEMENT APPLICABLE PROVISIONS OF COLLECTIVE BARGAINING AGREEMENTS FOR THE BENEFIT OF SAID UNEMPLOYED INDIVIDUALS AS THE TRUSTEES SHALL DETERMINE; AND TO PAY AND/OR PROVIDE FOR THE ESTABLISHMENT & ADMINISTRATION OF SAID FUND, AS MAY BE DETERMINED BY THE TRUSTEES FROM TIME TO TIME.