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D. To invest and reinvest in all forms of real estate or any ~
interests therein and such stocks, bonds and other securities ~
and properties as they may deem advisable including stocks and ~
unsecured obligations, undivided interests, interests in :
investment trusts, legal and discretionary comm~on trust funds, ;
mutual funds, leases, and property which is outside of the
Grantor's domicile, all without diversification as to kind or :
amount without being restricted in any way by any statute or
court decision (now or hereafter existing) regulating or
limiting investments by fiduciaries.
E. To sell or exercise any "rights" issued on any securities held
in the Grantor's trust estate.
F. To consider and treat as corpus all dividends payable in
stock, all dividends in liquidation, all "rights" issued on
securities, provided, however, that all capital gains dis-
tributions on shares of mutual funds shall be treated as
corpus, and to consider and treat as income all other divi-
dends received (except those received declared and payable as
of a"record date" preceding the Grantor's death, which shall
be considered and treated as corpus).
G. To vote in person or by proxy any stock or securities held,
and to grant such proxies and powers of attorney to such
person or persons as they may deem proper. r
H. To consent to and participate in any plan for the liquidation,
reorganization, consolidation or merger of any corporation,
~ any security of which is held. ~
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~ I. To borrow upon such terms and conditions as they may determine ~
; ~ and to mortgage and pledge trust assets as security for the
t repayment thereof. g
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F J. To lease any real estate for such term, or terms and upon such
conditions and rentals and in such manner as they may deem
~ advisable (with or without privilege of purchase), and any
~ lease so made shall be valid and binding for the full term
~ thereof even though same shall extend beyond the duration of :
~ the Trust. To make repairs, replacements and improvements, !
h structural or otherwise, to any such real estate, to insure
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~ against fire or other risk and to charge the expense thereof
~ to principal or income (or apportion same between principal
~ and income) as they may deem proper. To subdivide real estate,
~ to dedicate same to public use and to grant easements as they
may deem proper.
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K. Whenever required or permitted to divide and distribute the
trust estate hereunder, to make such division or distribution
in money or in kind or partly in money and partly in kind; and
to exercise all powers herein conferred, after the termination
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of any trust until the same is fully distributed. `
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= L. To employ accountants, attorneys and such agents as t~~ey may ~
" deem advisable; to pay reasonable compensation for their
~ services and to charge same to (or apportion same between)
= income and principal as they may deem proper.
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~ 6CUK 226 f~.~rf 224