HomeMy WebLinkAbout0211 actiag at the time~ ia their eole discretion~ to continue ~
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to ho2d~ or to dispose of any interest the Crantor ~ay oWn at
the time of the Grantor's death in an ~
y properties~.real or personal~
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baing held for any such purposes whether the Crantor owns the ?
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same individually in fee, as a joint tenant or tenant in common ~
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with others, as a regular, special or limited partner~ as lessee~ }
lessor, licensee~ licensor, ~oint venturer~ concessionaire, or by ~
whatever name the Grantor's oWnership may be deacribed, without
regard to the speculative nature of the interest, Whether pro-
ductive or unproductive~ if they believe t't is in the best
interest of the beneficiaries of the Crantor's estate.
In coanection with anq such interest ~rhich the Crantor~s f
Truatees determine to continue to hold, they shall have~ in
addition to and not in limitation of the powers given them by 1aW
and all powers granted by other provisions of this Trust Agree-
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ment, specific power and authority~ in the management, operation
or disposition of any such interest. to: ~
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; A. Pay all delay rentals, lease bonuses, royalties, ;
f overriding royalties~ local taxes and assessments~
€ and all other charges in connection therewith;
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~ B. Retain, sell~ lease, exchange~ mortgage~ pledge or '
~ otherWise hypothecate any or all of such rights and
€ interests or any other assets of the Grantor's ~
~ , estate for any purpose in connection with the manage- ~
~ ment or operation of any such interests or for the
purpose of obtaininR additional funds to make '
~ investments in such interest or similar interests; ;
~ C. Surrender or abandon, with or without consideration~ ~
either in cash or in kind~ any or all of such rights ;
~ and interests; ;
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~ D. Make farm-out agreements; ~
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~ E. Enter into and execute pooling and/or unitization
~ agreements; ~
~ F. Make reservations and exact conditions on the transfer
of any such rights or interests;
_ G. Select and employ the most advantageous business form in
which properly to exploit each such right and interest~ ~
including corporations, partnerships~ limited partnerships~ ~
mining partnershipa, joint ventures and co-tenancies and -
to do so alone or jointly with others;
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