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pledge of any personal property held by Trustee hereunder, and to execute ~
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 long as Trustee shall consider (
- the retention thereof for the best interest of sai~i trust estate, irrespective ~
of whether such property or securities ~re a so-called "legal ir,vestment j
of trust funds" under the constitution or law of any state or rule of any !
court, without liability for depreciation or loss through error of judgment, ~
and in disposing of any property constituting a part of said trust estate to
acquire other property which is not. a so-called "Iegal investment of trust '
funds" under the constitution or law 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 reasona.ble
time, any property which shall become unproductive nor shall Trustee in- ~
vest in unproductive property.
(f~ 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 therefrom, to apportion between 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 ~
out of income to mee: such items of depreciation, obsolescence, future ~
repairs or construction, or amortization of indebtedness deemed by ~
Trustee to be a proper charge against income. ~
(g) To keep any property constituting a part of said trust estate ~
properly insured 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 Trustee's judgment. may be .
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~ proper or necessary. ~
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` (h) In making any division of the trust property into shares for !
~ the purpose of any distribution thereof directed by the provisions of this
agreement, it shall be proper for the Trustea to make such division or
~ distribution, either in cash or in kind, or partly in cash and partly in kind,
~ as the Trustee shall deem most 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 6e 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 ~ ~
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~ ot1U~G~Q snaii ne iinal and conclusive upon all persons interested in this ~
y trust, or in the division or distribution thereoi. ~
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~ (i) To hold any or all securities or other property in bearer forrr.,
i in the name of Trustee, or in the name of a nominee, without disclosing any
fiduciary relation. ~
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(j) To vote in person or by proxy all corporate securities of any~ ~
q kind held for the trust estate, to unite with other owners of similar property ~
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= in carrying out any plan for the reorganization of any corporation or com- _
~ pany whose securities form a portion of the trust estate, to exchange the ~
,.y securities of any corporation for other securities, upon such terms as ~
~ Trustee shall deem proper, to assent to the consolidation or merger of any ,
r` such corporation, to assent, and vote for, the sale, mortgage or lease,
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• '3~ BOOK181 PACE~1~
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