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~ shall be treated aa principal. All detcrminations made Dy the
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' Truatees in the eaerclse of the diecretion given them by'thie ,
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: paragraph shall be binding and.conclueive upon all beneficiariea ~
hereunder. In~ome collected during auch~~period but rrithheld from ~
1 Atrih~,,;±{ 4K~l~ ~ ~u:; :~,~:i•ivu ur,~er Lne cllscretionary authori- ~
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: ties vested in the Trusteea shall become corpus at the end of j
' such period. ,
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ti 2. The Truateea are authori~ed to adopt aa their an- _
~ual account period any 12-month period. ?
i 3. The Tru3tees shall not be required to cauae the
, securities or other property held by them to be registered or held
~ in their names as the Truateea, but, in their diacretion, and ~
` without thereby increasing or decrea$ing their liability as the
; Trustees, may cause such securitiee or other property or any part
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thereof, to be registered or held in the name cf their nominee or
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' ma~i retain such ~ec»riti es or cth~: prope~ty tu~registered and in _
~ tearer form without describing the truat, so that title to auch ~
~ securities or other property ehall pasd by the_delivery thereof. ~ ~
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` ARTICLE VIII.
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~ 1. The Trustees are author2zed in the discharge of ~
~ ~~their du~les to employ counael and agenta and to determine and i
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;~pay to them reasonable c aapensation, and they shall be entitled
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:,to reimburaement therefor and for such other expenses and chargee ~
t`sA they may deem neceeaary axxi proper to incur, such reimburae- ~
~raents to be made out of principal or out of ~ncome or partly out i
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~~oP principal and partly out o£ income, as the Trus~ees shal.i in i
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;their sole diseretion determine. ~
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2. The TrustEes $hall render reports to all ~ncome ! -
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~ '~beneficiarie$ not ~ess fz~equently than annually, showi*~g the
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~property held in trust, all chan~tes therein during the period ~
~ cavered, the ir.come therefrom an3 the dispoaition thereof, atxi ~
,any ~~istribution of the Truat Fund or net income, ihe records of
the Tru~tees with respect to the trust 9ha11 be open at a.:l E
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600K~~ ~ ; .
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