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HomeMy WebLinkAbout0840 f , ~ . • i ' ; . ~ • F , r i - ~ TRUST AGREEMSNT . ALLEN F. GR$EN. SR.._TRUST THiS IRREVOCABLB TRUST ~?GREEMSNT. made and entered into this the 15th day o! May. 1978, by end between ALI.BN 1''. GRESN, SR. , a resident citizen of Meinphis, Shelby County. Tennesses, harefnafter referred to as "Donor," and l~?LLEN f. GR88~'1 • JR. , and RONNIE T. GREBN. both resident citizena of Memphis, Shelby County. Tenneasee, hereinafter collectively referred to as "Trustees," W I T N 8 S S S T H t I. PROPSRTY The Donor hereby transfers, delivers and pays over to the Trustees, the sum of~ One Thousand ~o Hundred and No/100 ($1,200.00) Dollars, ana may with the sole discretion of the Donor, transfer additional stock, securities, cash, personal property and teal property or interest in properties to the Trustees to be held by the Trustees~ or their successors, IN TRUST, for tlte uses, ~ purposes and trust hereinatter set forth. ~ Trustees shall receive, hold, manage,~convert, sell, ~ The . E sign, alter, reinvest or otheiwise deal with the abovementioned ~ property and additions thereto~as they, in their.sole discretion, ~ ~ ~ ~ - i E shall deem to be for the best interests ot the beneficiaries } hereunder to the same extent that the Donor himself might do. ~ ~ II. NAME~ 4 : This trust shal2 be known as the "ALLEN F. GREEN, SR. TRUST.' - # III. DISTRIBUTION OF INCQME ~ The Trustees shall administer and manaqe the trust estatea, ~ collect the ~ncome therefrom, and, after payment of all taxes and , ~ assessments thereon and all charqes incident to the management ~ ~ ~ thezeof, apply and dispose of the net incax of the trust estates as : ~ ~ follawa s i ' BooK 3U3 Y~~~~ 839 . : . . ; _ ~ - - _ . . _ ---w , fi ~ ~ ~ ~ a,~~~.~X .Y _ _ ~