HomeMy WebLinkAbout1962 . ~ , ,
torship, partnership, or corporation, and upon such terms, for
such time, and in such manner as they may deem advisable:
1. ~o hold, retain, and continue to operate such
business solely at the risk of the trust estate and without
liability on the part of the Trustees for any losses resulting
therefrom.
2. To dissolve, liquidate, or sell at such time
and upon such terms as the Trustees deem advisable.
3. To enlarge, diminish or change the scope or
nature of the activities of any business.
4. To incorgorate ~~ch business and hold the
stock as an asset of the trust estate.
~
5. To borrow money for business purposes and
pledge or encumber the assets of the business or the other assets ~
of the trust estate to secure the loan.
6. To employ such officers, managers, employees
or agents as they deem advisable for the management of such
business as directors or officers.
. To accept as correct, financial or other
,
~ stateynents rendered by any corporation from time to time as to
~
~ its conditions and operations egcept when having actual notice
to the contrary.
-8. ~o regard any corporation as an entity
separate from the trust estate with no duty to account to any
Court as to its business or operations.
9. To egercise with respect to the retention,
continuance and disposition of such business all the rights and
powers ahich the Donor would have been capable at the time of
such exercise, including all powers as may now or hereafter be
conferred upon them by law, or as may be necessary to enable
the Trustees to administer this Trust in accordance with the
provisions of this instrument, sub~ect to any limitations
thereof that may be provided for herein.
f
u. o..~; -5-
A~!~OLD. MATM[IIT ~ E~GAN
ORlAllpO. /~ORIPA
QrzK ~ 1 PAG~~~
i ~ _ ~
~~=~~n f , ~ _ -
?
_ _ _ _