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all shares of stock and other securities at any time held h~re-
under= initiate or participate, or not, at a~ny stage Yn any plan
for the reorgan~zation,-recapi~alization, financing, re~inancinq
or complete or partial liquidation of ~ny corporation or associa-
tion of which he holds shares or obligations, and take any anc~
all action which h~ deems neces~ary or desirable in the premises;
9. Sell any property belonging to the trust estate,
either for cash Ar upon deferxed payments, with or without tak-
ing a lien for the purchase money; .
10. Pay or distribute trust property directly to
any minor entitled thereto, or for the bene£it of such minor, to
the natural guardian of such minor or to the person with whom
such minor resides, all without the appointment of a legal guar-
dian, and he shall be fully protected by the receipt of such
n?inor, the persons cor.ferring such benefits, such natural guar-
dian or such person with wh~m such minor resides respectively; ~
' require the appointnent of a legal guardian for any minor dis-
I
~ tributee if he deems such course desirable for any reason; and _
generally take any and all ~uch action as in the judgnent of
the Trustee is necessary or desirable in the administration and
distribution of the trust estates;
- 11. Deterr_~ine all questions of trust accounting
which appear to be doubtful, includincl the allocation to or ap-
portionment between principal and income of all p~operty or funds i
at any time received or disbursed by hi.m;
12. To make, or refrain from r.~aking, elections per-
mitted under any applicable income, estate or inheritance tax law ~
without reg zrd ta the eff~ct af any such election on the interest
of any beneficiary and, if any such election shall be made, to
apportion, or refrain from apportioning, any benefits thereof
ar.~ong the respective interests of the benefici.aries, all in such
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