HomeMy WebLinkAbout2211 ~ ~ • .
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. upon th~ e~tabiie~nent of the trust. 8oxe~er, I reoodniss t.hs t'aot
that airownstaaoes ma~ ariae xhioh I oanAOt nov loresee, snd M1~ioh
cirawnstanoes mo~ ma3ts it neosesary or higbl~ ~dvie0bie !or' ~he
truatee to malce some ohaage in 'investa~ents. I therefore 4uthorize
~ ~qy truetee to liqu~date eeaaritiee or other aesete comprieing the
truet eetate iP the~trustee feela tbat there sre strong snd oom-
pelling reseone Porjdoing so; but I Purther direat that no eeouri~
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~ tiee or other seaets~;~hall be liquidated xithout the xritten ooneeat
oP a~y WiPe, Msrguerite Anaoker Xaeaon. Md 3n the event that it
: ehall beoome aeoeesary for m~y truetee to make ne~ in~eetmente, then
I direat that inveetm~nte e5a11 be made only in i~ited Statee Govern .
ment Bonde, or by depoeitiag t1u?de in Feder~?1 Savinge snd Loaa Aeeo-~
. oiation$ in depoeite tbat are ineured by the F+ederal Savinge snd
~ Losn Insuranoe Corporation or aome aimilar governmental egena~. -
~ B. The Truetee et~ll not be required to f~urnieh any
bond or eeaurity Por.the Psithful perPormenae of ite dutiee ead
alaall be lisble onl Por failure to ezeraise ~ '
Y good faith. The _
Trustee shall not be required to quslify xith any aourt, And ,shall ;
not be required to file sny reports or soaountinge tirith ony aourt
~ or other authority ezoept the benefioiary.
C. In the event any benefiaiary or pa,pee of sn~ truet
in this ~rS.ll created shall be a m3nor at the time o! tlie making oP
any diatribution, interim or Pinal, the Truetee may make payment to
suoh mi.nor or for hie benefit xithout the neaeeeity of the interpoei
tion oP a guardian, and the reoeipts oP auch minor or the reoeipte
of the pereon to vhom peyment ia made for the benefit oP suah minor :
ehall oonstitute sn aoquittaaoe to the Trustee oP the sume eo paid
. or the propertiss eo delivered.
, D. No benefioisry or payee oP eny trust herein oreated _
~ shsll have the rlght to antiaigate, seli, sssiga, tranafer or dis- ~
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pose oP (ezaept ss euah right is ezpreeel~ ai~ea in the speoifio
truet) hia or her p~r~ioa or intereet in the prinoipni or oorpus o!
tbe trust fu~d or p~opert~, or the reaate, inaome, aoails or prooeeds
therefrom, bePore euot~ property ehall oome iato euoh benetioiar~ta
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