HomeMy WebLinkAbout2183 of any or all of the property of such corporation to any other person, firm
or corporation, to pay all assessments, e~:penses and sums of money as
Trustee may deem expedient for the protection of the interests of the trust ;
estate as the holder of such stocks, bonds or other securities, and, ge:~eral:y, ?
to exercise in respect to all securities held by them the same rights aad ~
powers as are or may be exercised by persons owning similar property in ~
their own right. ,
(k) To employ such ager.ts, accountants and a~torneys as may ba
necessary or advisable in the administratior. of this trust.
(1) At any time, or from time to time, to advance money to the
trust estate from Trustee~s funds ior any psrpose or purposes of tne t:ust,
and to reimburse itself for the money advances and interest thereon, from
-the trust property or from any fur.ds belonging to t~e trust property there-
~ after coming into Trustee's custody from any source.
(m) To pay from and out of the income oz the tri:st prope rty ar.y
and all expenses reasonably necessary for the administration of the trust,
including interest, taxes, insurance, includir.g Qublic Iiability insu:ance
and compensation to the Trustee, as well as any other expense incurred
for the benefit of the trusY estate, and in the event the income from tne
trust property is insufficient for the purpose o; paying such expenses, to
~ pay the same from the corpus of the trust estate.
(n) To execute and cieliver any and all contracts, coaveyances,
transfer or other instruments, and to perform any acts necessary or de-
sirable~ in the execution of the powers herein vested.
(o) In the event that, under any of tt;e provisions of this agreement,
absolute vesting of any interest is deferred beyond tr.e per;od a;~owed by
law, then upon the expiration of the longest tizr,e, or upon the latest eve:~t
allowed by law for the vesting of an interest after Grar,tor's deat'r.. t'r.e sa:d
interest shall vest absolutely in and be forthwith distributable to the persor.
or persons who is or are the beneficiary or ber.eficiaries thereo;, and i.:
the proportion in which each is a beneficiary thereof, wh~.tever his, her '
. or their attained ages. ~
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~(p) Any distribution to or for tr.e benefit of a minor hereunder ~
may be paid in the sole discretion of Trustee, directly to such minor or
may be paid to the custodian or legal guardian of such minor, or to any ~
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individual, corporation or organization for the benefit of such minor, and ;
the receipt of such minor, or the custodian or legal guardian of such minor, i
or of any such individual, eorporation or organization to whom Trustee may . s
•L--~--_ r.,.. ~ti.., t.~,,,of;+ mir~nr, shall be a ~
eieci io maice sucu u~~~. ~..u«.,..
complete discharge to Trustee with respect to the amounts covered by the ~
re ce ipt.
4. LIMITATION OF POWERS -~o powers of the Trustee enumerated
herein or now or hereafter conferred upon trustees generally shall be con-
strued to enable the Grantor or the Trustee, or either of them, or any other
person to purchase, exchange, or otherwise deal with or dispose oi all o: a:~y part
of the corpus or income of the trust for less than an adequate consideration i:~
money or money's worth, or to enable the Grantor to borrow all or any pa-r;.
of the corpus or income of the trust. directly or indirect2y, without adeouate
interest or security. 1\'o person, other than the Trustee, shall have or exer-
cise the power to vote or direct the voting of any stock or other securities of '
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