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HomeMy WebLinkAbout0107 ! - . VII. I hereby give arid bequeath the sum of One Thousand and 00/100 ($1, 000.00) Dollars to JOHN G06NELL, Delray Beach, F'lorida, IN TRUST NEYERTHELESS, upon the follawing uses and terms: 1. The Trustee shall use said sum of One Thousand and 00/100 ($1, 000.00) Dollars for the education of his daughter, CAROL G06NELL, if she survives me. ~ 2. In the everrt the trust has not been used for the education of CAROL G06NELL and she has attained the age of twerrty-one (21) years, the w sum remaining in the trust shall be distributed to CAROL G06NELL, and this trust shall terminate. ~ VIII. I hereby give, devise and bequeath all my residual estate and property, including all property of which I shall die seized and possessed, and all property to whi.ch-I shall be otherwise entitled at the time of my decease, of whatsoever kind and nature and wheresoever situated, be it real, personal or ~ mixed, to my cousin's son, ALBIN PETERSON, JR., per stirpes. IX. I hereby nominate and appoint the FIRST NATIONAL BANK OF DELRAY BEACH, Delray Beach, Florida, as Executor of this, my Last Will and Testament. I direct that no bond or security of any kind be required in any jurisdiction of my said Executor, its substitutes or successors, the same being ' specifically waived hereby. X. In addition to the powers given them by the laws of the State of Florida, ~ I authorize my E~cecutor, its successors or substitutes, and each of them to have ~ ~ ~ ~ the following powers and discretions, as, in the unrestricted judgment of my said ! ; personal representative, is deemed advisable for the better management and ; preservation of my estate, without resort to any person or court for further authori~y; to sell any of the property in my estate, real or personal, for cash or vn such other terms as may seem advisable; to borrow money and to make such pledges and mortgages in connection therewith as may be reasonably necessary; to hold my said estate in the form uf cash, free from any liability ; for failure to convert such cash into productive investmeirts; to make distributions i ~ ' Z i _ • r~~ ~ - ' e~cK 217 ~~cE 105 . ~ -.t - _ ~ ~ ti - - . _ ~ ~ ~ . . r , Fay,.