HomeMy WebLinkAbout0378 (h) In making any division of the trust property into shares
for the purpose of any distribution thereof directed by the provisions
of this agreement, it shall be proper for the Trustee to make such
division or distribution, either in cash or in kind, or partly in
cash and partly in kind, as the Trustee shall deem most expedient,
and in making any division or distribution in kind the Trustee may
allot any specific security or property or any undivided interest
therein to any one or more of such shares, and to that end may ,
appraise any or all of the property so to be allotted, and the
Trustee's judgment as to the propriety of such allotment and as to
the relative value for purposes of distribution of the securities
of property so allotted shall be final and conclusive upon all persons
interested in this trust, or in the division or distribution thereof. :
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(i) To hold any or all securities or other property in bearer ~
form, in the name of Trustee, or in the name of a nominee, without `
disclosing any fiduciary relation. +
(j) To vote in person or by proxy all corporate securities -
of any kind held for the trust estate, to unite with other owners ~
of similar property in carrying out any plan for the reorganization ~
of any corporation or company whose securities form a portion of the
trust estate, to exchange the securities of any corporation for other ~
securities, upon such terms as Trustee shall deem proper, to assent '
to the consolidation or merger of any such corporation, to assent, . ~
and vote for, the sale, mortgage or lease, of any or all of the '~z
property of such corporation to any other person, firm or corpora- ~
tion, to pay all assessments, expenses and sums of money as Trustee ~
may deem expedient for the protection of the interests of the trust '
estate as the holder of such stocks, bonds or other securities, and, ~
generally, to exercise in respect to all securities held by them ~
the same rights and powers as are or may be exercised by persons ~
owning similar property in their own right. ;
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' (k) To employ such agents, accountants and attorneys as may '
~ be necessary or advisable in the administration of this trust.
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; (1) At any time, or from time to time, to advance money
~ to the trust estate from Trustee`s funds for any purpose or purposes ~
~ of the trust, and to reimburse itself for th~ money advances and
~ interest thereon, from the trust property or from any funds belonging
t to the trust property thereafter coming into Trustee's custody from
~ any source.
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(m) To pay from and out of the income of the trust property
# any and all expenses reasonably necessary for the administration of
~ the trust, including interest, taxes, insurance, including public
~ liability insurance and compensation to the Trustee, as well as any
~ other expense incurred for the.benefit of the trust estate, and in
~ the event the income from the trust property is unsufficient for the
; purpose of paying such expenses, to pay the same from the corpus of
~ the trust estate.
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(n) To execute and deliver any and all contracts, conveyances,
transfers or other instruments, and to perform any acts necessary or
desirable in the execution of the powers herein vested.
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~ FEE, PARKER & FEE, P. A.
ATTORNEYS AT LAW
POST OFFICE BOX f000
FORT PIERCE. FLORIDA 93450 ` ~ c~ ~
TELEPNON6s ~30~? 48,.soZO g00K ~.Vb PAGE ~7~ ~
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