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HomeMy WebLinkAbout0212 !1. Drill~ test~ explore~ miae, develop and othervise exploit any and all such rights and interests;~ I. Produce. process~ sell or exchange all products recovered through the exploitation of auch rights and interests; Employ agents, ~anagers and employeee in the operation of any such interests or properties and delegate duties~ with requisite povera~ to any such - agent~ enployee~ manager or any partner. K. Rent or purchase office space, buq or lease office < equipment~ contract and pay for geological surveys and studies, procure appraisals; ~ ~ . ~ L. Invest additional funds of mq estate in such rights ; or interests or in similar rights or interests either ; alone or vith others; ' ~ N. Allocate to income or principal or partly to each, ~ as they say determiae, any bodus, royalties~ rentals~ ~ proceeds of sale or other returns on anq such rights ; ot intereste; ` ; N. Without the consent or approval of anp court, judRe or ' justice thereof~ to eaecute assignments~ bills of sale, ~ contracts~ leases, deeds or any other instruments or L docu~ents necessary for the dispusal or management or = operation of anq such rights or intereats or ahich may ~ be expedient or convenient in connection therewith. : 3_ ARTICLE 14 - INVESTMENTS - i t With reference,to the trust estate created herein and every i ~ ~ part thereof, the Trustee shall have the following rights and g ~ powers vithout li~a~tatioa and in addition to poWers conferred ~ bq lav: ~ ~ ~ ~ A. The Truatee shall invest~ reinvest and maintain ~ invested the co:pus of the trust estate in su:.h- ~ stocics, bonda, and other securities and assets as it may determine (including units in any common ~ trust fund of the Trustee)~ irrespective of whether ~ or not such securities or assets are eligible iavestaents for fiduciaries under any applicable law ~ or statute. ?he ?rustee shall have full and complete ~ indepeadent power and authoritq to sell~ assign~ ~ ~ transfer, and convey any security or property held ~ in the trust estate at such time and price and upon such terms and conditions, including terms of credit, as it way determine. . ~ - -11- ; ~vx i:' W:~ (^.Y . -';q r,. ~y. ~LLa "'P = eoox 2~6 Pac~ ~xRq . _ _ [ : ~ ~ . . . . .