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HomeMy WebLinkAbout0226 . C. Surrender or abandon, with or without consideration, either in cash or in kind, any or all of such rights and interests; D. Make farm-out agreements; 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 parCnerships, joint ventures and co-tenancies and to do so alone or 3ointly with others; H. Drill, test, explore, mine, develop and otherwise exploit any and all such rights and interests; I. Produce, process, sell or exchange all products recovered through the exploitation of such rights and interests; J. Employ agents, managers and employees in the operation of any such interests or properties and delegate duties, with requisite powers, to any such agent, employee, manager or any partner. K. Rent or purchase off_ice space, buy or lease office equipment, contract and pay for geological surveys and studies, procure appraisals; ~ ~ L. Invest additional funds of my estate in such rights or interests ~ or in similar rights or interests either alone or with others; f ~ M. Allocate to income or principal or partly to each, as they may ~ ~ determine, any bonus, royalties, rentals, proceeds of sale or ~ other returns o~ any such rights or interests; ~ N. Without the consent or approval of any court, judge or justice x thereof, to execute assignments, bills of sale, contracts, ~ leases, deeds or any otrt?er instruments or documents necessary s for the disposal or management or operation of any such rights ~ or interests or which may be expedient or convenient in con- ~ nection therewith. Q ~ - ~ ARTICLE 14 - INVESTh~NTS ~ With reference to the trust estate created herein and every part ~ ~ thereof, the Trustee shall have the following rights and powers ~rithout ~ limitation and in addition to powers ~onferred by laW: ~ .s A. The Trustee shall invest, reinvest and maintain invested the _ corpus of the trust estate in such stocks, bonds, and other securities and assets as it may determine (including units in ~~~'r any co~non trust fund of the Trustee), irrespective of whettier or not suc~? securities or assets are eligible investments for ~ fiduciaries under any applicable law or statute. The Trustee shall have full and complete independent power and authority 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 may ~ determine. ~ y ~~Y_t -10- 600K~~ FAGE ~.GV ~x~ _ --s . _ ~ .