HomeMy WebLinkAbout0153 ~ ~ . ~ _..r._ .
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~i~iOLD FYOGK, a~nd I have iucluded 1n h1A place, ALI~A~N F"YOCL~, with ~
the iatenlion ~d deefre to be fair to my dieabled eon and to m other chil- ~
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dren and their ~liee.
ITEM FOU1tTH
~~Not in derogat3on of or in limitaiion upon the powera, authorlty, and dis-
cretion conferred upon mp E~ecutor by law, I do hereby give my Eaecutor
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; w1d8r t~is Wil,l and any succeesors the following a.~ithority, po~rers, an~d dis-
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~ cretions to hold a~d manag~e~ mp Tsstate a~th the suthority to e~ercise any o~' t
the followiir~g poarers a~d priv~leg~s her~n stated wlthout order of or report
to any Court or o#~cer whatsoever: ~
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' A. To sell, eachangea or otherwise disg~se of any property at p~,iblic or ;
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private sa1e, for cash or on terms, without the necessity of Court approval ;
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or advertisement; and also to make Ieases for terms extending beyond the -
, i period of admini~~rati~n or the durafiion of _my Est.~te. ~ -
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j~ B. To reta3a, sell, and inve~t and reinvest in any stocks, bonds, securiti ~
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f~ or other property, real or personal (in~le~ding non-income produczng praperty
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and life inswranc~ contracts), which is deemed proper, necessary or expec~.e ,
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~ without any respflnsibility for the eurc;ise of fihis c~iscretion except tha.t of ~
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~ using ordinary care and without being confined #o what are known as 2,ega1 in- ~
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~ vestments for F.x~ecutors, Trustees ~r other fiduciaries. ~
_ i~- C. To renew any in~debtedness, as well as borrow money, and to secure
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~ the sa.m~ by mort~~aging, plec~ging and/or conveying any pro~erty. ~
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~ D. To register any stoclt, bond, or other securi~y in the name of a ~
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nominee with or ~vithout disclosure of any. fiduciar~r relationship; but accurate ±
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records shall be maintained shov~ing that such $ecurity a~s an estate asset.
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