HomeMy WebLinkAbout2155 property added to the Trust Estate without liability for any decrease ~
in value. ~
B. When and as directed in writing by Beneficiaries of this
Trust who hold 51~ interest or more, the Trustees shall sell, contract
to sell and grant options to purchase said property or other property held
by the Trustees, and any right, title Or interest therein on any terms;
to convey said property or any other property held by the Trustees, for
the use and benefit of the above named Beneficiaries, by deed or other
conveyance to any Grantee; to lease, con~ract to lease, grant options to ~
lease and renew, extend, a~end and otherwise modify leases on said property
or any other property held by the Trustees or any part thereof from time
to time, for any period of time without regard to duration of the Trust or
any statutory restrictions on leasin for any rental and upon any other
~ ~
terms and oonditions; and to release, convey or assign any other right,
title or interest whatsoever in, to or about said property or any part
thereof. For purpose~ of THIRD: B and for determination of direction in
writing by Beneficiaries of this Trust holding 51;~6 or more, the'Trustees,
percentages shall be counted and included.
C. The Trustees shall, on or before November 25 of each year,
determine the amount of all taxes and assessments for public improvements
that may be levied upon or against the Trust ~roperty and advise all
Beneficiaries of the amount.and due date thereof and the available discount
for prompt payment thereof. .
D. The Trustees shall file all yearly ad valorem tax returns
~ covering any real property held in Trust hereunder as and when required ,
~ i
k by any county, municipalitv or other governing body.
~ E. The Trustees shall keep and render full and correct accounts
~
~
~ with respect to the administration of the Trust. ~
f
~
~ - F,--To make any division or distribution required by this Trust
f
s Agreement in cash or in any property, real or personal, or undivided in-
i
~ terest herein, or partly in cash and partly in property.
~
G. To collect and receive the rents, issues and profits from
i
C
' the Trust property, and to distribute the same to the Beneficiaries accord-
E
~
° ing to their respective interests at least once per calendar year.
~
~
~
~ -
~ -3-
p
~y
C ~
~
~ B~o~z~z ~z~~s
;
~
,
~
~
~ ~w~--~~~.,~;~, „
~k W ~ F~,~ ~
_ . , _