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administrator, trustee in bankruptcy, assignee in insolvency, receiver, or
• any other person who shall become the holder of any such shares otherwise ~
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than by issue or sale by the Trustees or by fransfer in accordance with
those restrictions shall offer to sell them to the Trustees or their nominee
in accordance with these restrictions. If the Trustees of this Trust decide
~ to enforce these restrictions as to all or any part of such shares thus offered i
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i or acquired, they shall, within thirty (30) days after receipt of such offer, I
i~ or at any time if the holder fails to make the offer, mail to the holder notice
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of their decision.
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~ Within tbirty (30) days after the mailing of the notice of their
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decision, the Trustees shall determine the value of such shares and their
( determination shall be conclusive and binding. Tney shall give immediate
k notice of their decision to the Shareholder.
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~ For a period of thirty (30) days after the mailing of notice
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of valuation by the Trustees, or after the agreement, if any, as,to value,
the Trustees, on behalf of the trust, shall have an option to have ~11_or any
part of such shares conveyed at the value determined, .without interest, to
any nominee or nominees of the Trustees and any nonunee may be a share-
holder, Trustee, officer or employee of the Trust, the Trust, or any other
person or organization.
~ If the option is exercised, payment for shares to be con-
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~ vcyed may be made by the deposit of the purchase price in any bank in ~
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~ Springfield, Massachusetts,, under an arrangement by which the shareholder
will receive the price upon surrender of the certificate or certificates for
suc}i shares roperly endorsed aiid notice of the deposit shall be mailed to
P
aooK 171 PACE 398 ~
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