HomeMy WebLinkAbout0209 independently and without the prior or subsequent approval ~
of any cort of ~udicial authority~ and no person dealing With
the Trustees shall be required to inquire into the propriety
of any of their actions. Without in any way limiting the
generality of the foregoing, the Grantor hereby grants to the Trust-
ees hereunder, the followin~ specific powers and authority in add-
ition to and not in substitution of powers conferred by 1aW:
A. To compromise~ settle~ or adjust any claim or demand =
by or agaiast the trust estate and to agree to any 2
recission or modification of any contract or agreement.
B. To retain any securitq or other propertq ovned by
the Grantor at the time of the Grantor's death~ so
long as such retention appears advisable~ and to exchange
anq such security or property for other securities
or properties and to retain such items received in
eachange.
;
C. To sell. exchange~ assign, transfer and convey any :
securities or properties, real or personal~ held _
in the Grantor's Trust estate~ at public or private ;
sale, at such time and price and upon such terms
and conditions as they may determine. and to
; register and carry aay property in their own name or _
! in the name of their nominee or to hold it unregistered _
~ but without thereby increasing or decreasing their -
~ liability as fiduciary. -
~
E D. To invest and reinvest in all forms of real estate
3 or any interests therein and auch stocks~ bonds and
~ other securities and properties as they may deem -
€ advisable including stocks and unsecured obligations,
; undivided ~nterests, interests in investment tr`usts~
~ legal and discretionary common trust funds~
~ mutual funds~ leases~ and propertq Which is outside
~ of the Grantor's domicile, all without diversification
~ as to kind or amount vithout being restricted in any
~ way by any,statute or ~~urtdecision (now or her.eafter
~ existing) regulating or limiting investments by _
4t fiduciaries. ~
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~ E. To sell or exerciae any "rights" issued on any securities
~ held in the Grantor's trust estate.
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F. To consider and treat as corpus all dividends payable in
- stocl:~ all dividends in liquidation~ all "rights" issued -
;'s: on securities, provided, however~ that all capital ~ains -
distributions on shares of mutual funds shall be treated
~ as corpus, and to consider and treat as incor~e all other 4
dividends received (except those received declared and
payable as of a"record date" preceding the Grantor's i
death, Which shall be considered and treated as corpus). =
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