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HomeMy WebLinkAbout2232 without uutv of inquiry as to the vali~ity or propriety thereof, (a) to acquire by purchase, conversion, subscription, exercise of rights or warrants, or otherwise, securities or any other property, real or personal, tangible or intanqible, (b) to sell, exchanga, convey, transfer, lease ~r otherwis~ dispose of secur- ities, or any other property helciiiereunder, by private or public transaction (anci no person deilinR with the trustee shall be unc:ar any oi~liqatio:~ tc s~e ~o th~ usL o~ application of any tuzic:s or other property paia or cielivered to ti~e trustee in connection with anv such transaction, nor to inquire into t;ie validity, ai:- visability or propriety of any sucz transaction), (c) to cause any securities or other property held by it hereunc:er to k~e registerec: in the name of tt~~ trustae, or in t:ie name of one or r~,ore persons r or firirs nominated by the trustee, or in t~earer form (but reqard- lass of the forr.; of registration trie vooks anci recorc:s of tn~ trust shall at all times reflect all securities anci other propert;~ ~.elci in trust liereurider) ,(d) to vorrow money frora such sources anci on such terrns and conditions as the ttustee may determine to be advisable, but not in such manner tnat the trustee would ar might i incur liability otherwise than as trustee, and, ir. cont?ection ~ therewitti, ta exec~:te1 and cieliver oize or more appropriat~ z~ates or Qtner approuriate written itistrnm~nts to evidence any_ sucti ii~ae~t- ~dness, anci to pled_qe, mortqage, oti;erwise eiicumber or cr~ate security iat~rests in some or all of t~ie property helc: in_trust ~ereuncier (an~ no person dealing with tt~e trustea ir~ any suc:? ~ trau~saction shall be under any obliration to see to t:ie usc or appli- cation of any funds or oth~r property paiu or aelivercc. to t.~~ trustee in connection 471tt1 any suc:i transaction, nor t~- iii~~uire ii.~o ti~G validity, advisai~ility or propri~ty or any sucn transaction) , (s) to make, er.ecute, acY,nowled~c: ai~:: ueliver any anc: all ~ocu~^ents of transfer anc? conveyance and other writteri instruments deterrined to ba necessary or appropriate in ceiinection witi? the administration -19- aoo~ ~Z04 ~c~z~ ~ ~ - - . ~ f . ~ ~ ~ .',s ; - s ~.s .s.~,s ~3 ~".~~~"~~~~.=r.*"~ ...~.y~ ~ a .