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HomeMy WebLinkAbout1808 •s. " ; time and upon such terms and for such price or prices as in their discretion and ~udgment may seem 3ust and proper and for the be st interest of the trust and the beneficiary hereunder, irrespective of the provisions of any statute or of the termination of any trust, (c) To sell and convey any of the property of the trust or any interest there{n, or to exchan ge the same for other property, for such price or prices and upon such terms as in their discretion and judgment may be deemed for the best interest of the trust and the beneficiary hereunder, and to execute and de- liver any deed or deeds (with or without warranty~, receipts, re- leases, contracts, or other instruments necessary in connection therewith. (d) To make all repairs and improvements at any time deemed necessary and proper to and upon real property constituting a part of the trust, and to build, construct, and complete any I building or buildings upon such praperty which in their discretion ~ and jud gment may be deemed advisable and proper and for the best interests of the trust and the beneficiary hereunder, and to deter ! mine the extent to which the cost of such repairs and improvements I I ~ P ! shall be apportioned as between corpus and income. ~ ~ (e) To deduct, retain, expend, and pay out of any money ~ ~ belonging ta the trust any and all necessary and proper expenses in connection with the operation and conduct of the trust, and to pay all taxes, insurance premiums, and other legal assessments, debts, claims, or charges which at any time may be due and owing ~ by, or which may exist against the trust. ~ (f) To vote upon all securities belonging to the trust . and to become a party to any stockholders= agreements deemed ad- ~ visable by them in connection with such securities. ~ (g) To consent to the reorganization, consolid ation, ~ mer er li uidation read 'ustment of or other chan e in an cor- g ~ 9 ~ J g Y ~ ~ poration, company, or association, or to the sale, mortgage, or ~ uW o~s lease of the property thereof or any part thereof , any of the ~ J. M. SAMPLE - 2 i! 5^vUTN SECOAp STREET - z F4lT OIERCE, R~ eR~ ~ _ a- eaax ~ ~ ~ ...f.,: ~ ~ - - - _