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pledge of any personal property held by Trustee hereunder, and to eaectite '
mortgages or pledge agreements therefor. ~
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(e) To hold any property or securities originally received by
Trustee as a part of said trust estate so lo;~g as Trustee shall consider ;
the retention thereof for the best interest of said trust estate, irrespective ;
of whether such property or securities are a so-called "legal investmen~ . ~
of trust funds" under the constitution or law of any state or rule o: any i
' court, without li.ability for depreciation or loss throUgh error of judgment. i
and in disposing of any property constituting a part of said trust estate to ~
acquire other property which is not. a so-called "legal investment oi trust '
funds" under the constitution or Iaw of any state or rule of any court, where ~
such course is, in the Trustee's opinion, for the best interest of said ;
trust estate; provided that Trustee shall not retain, beyond a reasonable ~
time, any property which shall become un~roductive nor sha.ll Trustee in- ~
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vest in unproductive property. ~
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To determine whether any money or property coming into
Trustee~s hands shall be treated as a part of the principal of said trust
estate or a part of the income there~~om, to apportion be:ween such prin-
: cipal and income any loss or expenditure in connection with said trust
estate as to Trustee may seem just and equitable, and to set up reserves i
out of income to meet sueh items of depreciation, obsolescence, future
repairs or construction, or amortization oi indebtedness deemed by
Trustee to be a proper charge against income.
(g) To keep any property constituting a part of said trust esta~e
properZy i.nsured against fire and storm, to pay all taxes or assessments,
mortgages or other liens now or hereafter resting upon said property, and,
generally, to pay all of the expenses of Trustee incurred in the exercise of
the powers herein vested in it which, in TrusYee's judgment, may be
proper or necessary.
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(h) Tn making any division of the trust property into shares for
the purpoae of any distribution thereof directed by the provisions of this
agreement, it sha~l be proper for the Trustee to xnake such division or
distribution, either in cash or in kind, or partly in cash and partly in kind,
as the Trustee shall deem mast expedient, and in making any division or
distribution in kind the Trustee may allot any specific security or property
or any undivided interest therein to any one or more of such shares, and
to that end may appraise any or all of the property so to be allotted, and
the Trustee~s judgment as to the propriety of such allotment and as to the
relative value for purposes of distribution of the securities of property so ~
allotted shall be final and conclusive upon ai1 persons intereszeu i~; ~:;is ~
, trust, or in the division or distr.ibution thereof. ~
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(i) To hold any or all securities or other property in bearer form, ~
. in the name of Trustee, or in the name of a nominee, without disc2osing any '
fiduciary relation. ~
(j) To vote in person or by proxy all corporate securities of any
kind held for the trust estate, to unite with other owners of similar property
in carrying out any plan for the reorganization of any corporafion or com-
pany whose securities form a portion of the trust estate, to exchange :he
securities of any corporation for o~her securities, upon such terms as
Trustee shall deem proper, to assent to the consolidation or merger of any
such corporation, to assent, and vote for, the sale, mortgage` or lease,
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