HomeMy WebLinkAbout2762 . -
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Doaor~ r~t~th•! or ro~ thr s~ousiti~s or otA~r ~r~~,~r~le• t~.~r4Ly
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ooasLituti.s~` th~ oor~us ot tttia trust st~» b~ ot a kiad or i~. Rr:
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a~ount osdl.t~rily ounsid~Y~d •uit`bl~ tor p trnst iat~ftoent. '~i;.
Trwt~o ~11 curr~ntly rs~i~v W.• s~ouriti~s ~nd ot~r pro;.~r~:~ ~
h~le! birr~und~r atsA •ub~it tr4~ ti~ to tf.~ to tl.~ :~oaor rtcor.- ~
~ndatio~~s to aa~ss ena yurchs~~~~ but aic?c~ t.~.~ :~onor hr~s r~- :
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taic~~d •bsolttt~ aontrol of ti:• inwste~nt noQ reinv~ste~nt of t~.e ; ;
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~nat yropssy~ •s stordsaid~ ~uah r~coe~~n6ationa sra?11 0~ Ad- i ;
vkaor~? onl~r. _ ~ •
8t~b~~ot to ~h~ lon~oin~ pso~ision~ of this 1lrtiols 1" rEgRrd-: °
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i~ tx.~ rotsatiop of inv~st~tlnt po~ces by thf Do~or Ouring hia liic,,
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tbs Trusto~s~ ln •ddis.io~ to a:~d no~ in 21~it~~ion ot .~11 co::sso: :
1~?v and atst~torp authorit~•~ s.-a~l t.o~~ tAs follo~ria~ povers ~i:ic:~
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dt~ll ooatio~ ~ft~r t~~~ dxto of tt~e t~raluatiu~ ot th~s tru~;. !'or~
th~ ~uspoao• ot distributioa, v:s.i ?o a011 at pnblic or priv~te ~
W~1~~ os to •~cchan~~, l•a~~, plsdg~ or ~ortgu~o~ in ~ucL ewnner ~
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i nr.d ao sach ~t`tai as tr~ Tru~tQes d~ed ~dtiaable~ eny pro;,~rty, ~
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~ ra+al os ~raaaal~ e~hiat~ o?Y a~ tiay tia~ ooaatitnte a;.art o! t::e : _
?r~a~ proy~st~?~ ~o Dorroti esone~, Yith or vitt~out s~euritJ f fvr •.c:~~
. purpoas~ to ploQge s~ouriti~a or other properLy to s~anro sn; ~
~ loan~ Lo ~tra~t~ ~11 d~~as~ ~sairn~?st~ta! ~rtso~ee~ lc?satls or :
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otl~~ iaitrt~9eata ooaosr~~?ry or propcr for aA~ of t::c tor~goin~ +
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~~r ~ n Yerpoo+a~ to lav~~t or r~in~est in sad r~t+~in as aa in~e~tau~~,t
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i • aay proN~r~y rbiob in th~ o~ialon ot ~1:~ ?sust~ea is suitr.~ie :or i ~
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, tt.~ ~urpoo• O! th~ trust~ elthou~;t~ of ~ kind or in Nn aaount :r.i:'~
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a~~At aot ot2~svis• ba re~srd~Q e• s proy*s Lru6t investm~=r:t, ancs , F
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o pastiaulsrly~ to bold r.iLhout" li+~bilit~ stocfc ot b. J. ~c:.cill~, •
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; tco.~ to vot,~ •it?xt la pvraoa or b~ 6ou~ral vr liaite~ pro~y or
to s~fsait~ !'te~ r?otiar ony aoryor~t~ otock tor any ~urpo~~ t LO
6oposit ap~ ~loctritics l~2a b; t1.6~ vitti or undor Ln~ eir~ction
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I`'' ~q~ eonritts~ lorisd Lu ~,rotQCt ad id s~curitioe and to st. ci,•L t.~
~ it~~ Qoa~~nt Ri~ ~s o~nrry out sny soortani:ation, consol i~~a tio:~,
~ ~rstr~ liQut~d~tioo~ r~na~wtav~t of th~ finaeoial structt•re. ~'r
~ ~al• of t!•.~ ~sa~tr ot a?c~} aoryuratioo or othxr ~rtauise~lon~ ~r~3
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fa.~ras~~ r 4 i c~r~ a~ A t wct~ i u iltli~ r i~ htss ~i r: t~'•
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- Sg~Y -r^c,. r.s~~-s, wy.-, ~f : Yr,.~~?~r~~~f~„~~:~~.
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