HomeMy WebLinkAbout1959 . ~
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conditions and with the power and authority as hereinafter set
forth, to-wit:
I. The Trustees shall have all the powers enumerated
in this Agreement, together with all implementing powers and ~
those conferred by law upon Trustees generally, and~may exercise ;
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them at any time and from time to time 1n any valid manner, with ~
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or ~vithout Court order. ,
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A. RETAIN OR DISPOSF OF TRUST TSTATS. The ~
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Trustees may retain any of the trust property in the original
tru~t estate and any additiona]. proper~y ~vhich may be transferred
to the trust estate, regardless of whether it is of a type auth-
orized by law for trust investment or whether its retention
leaves a disproportionately large part of the estate invested
in one type of property.
1. The Trustees may reta.in as a trust in-
vestment any insurance in the trust estate on the life of any
person and may pay the premium therefor.
. 2. The Trustees, for any period deemed ad-
visable, may hold cash uninvested, even though the total amount
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~ so held is disproportionate under trust investment law or would
not be permitted without this provision, and may retain or ac-
quire and hold unproductive real or personal property.
B. INVEST AND ACQUIRE. At any time prior to a
-distribution of trust corpus directed hereby the Trustees may
invest and reinvest it in any type of property or security
aithout regard to the proportion that investments of the type ~
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selected may bear to the entire trust estate, without limitation ~
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to the classes of trust investments authorized by law, and aith-
out regard to the possibility that the investments may be in new
issues or in new or foreign enterprises. The property acquired
may be realty or personalty and may include bonds, debentures,
- ~leaseholds, options, easements, mortgages, notes, sutual.funds,
- investments, trusts, common trust funds, voting trust certificates
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AqhOtD. MATMEMY A E~CAM
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