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this Agreement or with respect to propertY hereafter conveyed .
to or acquired by it.
IX. SPENDTHRIFT
The Donor directs that neither the principal of said trust
or trusts, nar the income therefrom, shall be subject to or liable
for any of the debts. cont=acts, engagements or taxes of any of the
beneficiaries thezeoft nor shall the~same be liable to execution. .
~attachment or any other legal process whatsoever at the suit of any
creditor or~otherwi~et nor shall the same be subject to assignments,
transfer or anticipationf but~~all payments of p~incipal and income
as herein provided for shall be made by the Trustees to the ' .
~benef~ciaries desiqnated herein, beinq entitled thereto upon
their own proper receipt in writinq.
X. ~TRUST IRREVOCABLS
The Donor declares'that this trust shall be irrevocable
and that he shall bereafter stand without power at any time to ~
revoke, change, alter or a~ul any of the provisions herein
contained, except that he m~y hereafter bring other p=operty
~ within the operation of the Trust Agreement and except for the
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! purpose of complyinq with some requirement_of State or Federal
I law or to remedy a technical deficiency~in draftsmanstiip, but
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~ in no event shall the Donor ever receive any principal or income
of the trust by reverter, reversion or otherwise.
XI. APPLICATION OR PROCEEDS
No purchaser, mortqaqee, lessee or other party dealinq
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~ with the Trustees shall be bound or concerned to see to the
~ application of any consideration paid for any conveyance, mortqage,
~ disposition or lease of any property, real or personal.
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~ XII. ACCOUNTING BY TRUSTEES .
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~ The Trustees ahall not be required to raake or render a `
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~ formal accounting as such, but shall be required to make available
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~ - to the beneficiaries all records and reports which Would disclose
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- ' 8- . Boox 303 PAGE 846 -
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