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HomeMy WebLinkAbout0363 1 . ' . " . . ~ : ~ . 4~j~r :~A..t~~~. . It is my intention that the trusts created herein shall be ~ y~{~ construed as haviug created separate and individual trust eetatea for each beneficiary entitled to a trust estate or a portion or share of any of the trust estates created herein. 8. I specifically direct that any Trustee or Successor T~ustee appointed herein be permitted to serve without bond. , ARTICLE V All Trustees named herein, subject to the specific limitations contained within the orovisions of any of the foregoing trusts, shall have full power to invest, manage, care for and protect the trust estates herein created in every respect the same as an absolute owner would be able to do, except as such power shall hereinafter be specifically limited. Without in any way limiting this broad power hereby given, the Trustees' powers shall include the following: 1. Except as to the reservation set forth in Article III-A- 6 and Article III-~-b, they shall have full power to sell, . exchange, mortgage, pledge, partition or lease for any term, even if beyond the duration of the trust, any and all property held in the trust estatea herein created. They shall have power in their discretion to retain and ; continue to hold as a part of the trust estates any pro- ~ perty or investmerrts transferred to them as Trustees E hereunder without liability for depreciation or loss oc- ~ casioned by so doing, even though of a kind or quality or lack of diversification not considered proper for trust investments. The Truatees shall have power to invest and reinvest the trust estates from time to time in bonds, bonds, debentures, common stocka, preferred stocks or in any other securities, or any other income producing property, real or personal, either within or without the State of Oklahoma, and they shall have aa wide diecretion in the making of investments as if they as individuals were the absolute owners thereof. They shall not be governed or limited in their investments by any rule of law or equity or any statute of the United States, or any state thereof, ia force at the time of my death or at any tune thereafter. 2. The Truatees shall have power to inveat and reinvest in real eatate and first mortgages on real estate and to convert realty iuto personalty and personalty into realty. 3. The Trustees ahall have authority to receive and continue to hold, aad in their discretion may at any time invest, /~~~i~/! Page 7 i s BoaK174 P~ 3~3 ~ ~ac 24~ ~?~.~~31 .