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HomeMy WebLinkAbout1091 4:3~9'~'56 , DECLARATION OF TRUST OF THIS FAMILY PRESERVATION TRUST THIS TRUST is to be administered by natural persons of legal age, ` holding title to the Trust property in joint tenancy in fee simple and not as tenants in common, as Trustees, acting under a Life Purpose and a religious belief of Marion S. Hoeflich, the Grantor, as herein set forth, and according to the inalienable Common Law Rights afforded citizens of the United States of America. The Trustees are hereby authorized, under the terms of this Trust ileclaration, to operate under the name of: MARION S. HOEFLICH FAMILY .PRESERVATION TRUST And shall be domiciled in and shall be interpreted and construed under the laws of the State of Florida or shall be changed to and interpreted under the laws of any other State as shall be deemed prudent, wise, necessary. appropriate or desirable by the Trustees. THIS AGREEMENT, .CONVEYANCE AND ACCEPTANCE is made and entered into this day of 19?9. by and between Marion S. Hoeflich, the Grantor, hereof and the Trustor hereto, and Edith H. Luke and Marion H. Greenwood, Acceptors hereof, in joint tenancy, as Trustees, who shall compose the Board of Trustees for the purpose of conducting the business of the TRUST. The Grantor hereby appoints the above designated Trustees of the Trust hereby created and established. I This instrument of Trust shall represent the Trustees sufficient guide, supplemented from time to time by their duly adopted resolutions covering contingencies as they may arise from time to time and as are recorded in the books and minutes of the Board of Trustees meetings. The books and minutes of the actions of the Board of Trustees shall become a part of the rules and regulations of the Trust and shall be binding on all parties hereto and said minutes shall be acted upon and ratified by a majority of the Board of Trustees then holding such office. The right and authority as herein granted is possessed by the Trustees of this Trust, thus specifically intending only to leave open for the courts, should this occasion arise, the question of conscientious dealing of those persons. The Board of Trustees shall have all the powers necessary, convenient or appropriate to carry out the intent and purposes of this Trust, and shall take any and all actions they deem necessary or desirable and proper to carry out such intents and purposes provided however, in the carrying out the afore- mentioned intents and purposes their actions are not inconsistent with other provisions herein. Any such actions or determinations taken by the Trustees. in the administration of this Trust, which are in good faith, shall be conclu- sive. In construing the various provisions of this Trust Indenture and the Trust minutes, the presumption shall at all times be in favor of the grant of powers of the Trustee. II hereinOR AND IN CONSIDERATION of the objectives and purposes set forth • the cash sum of Ten Dollars ($10.00) in hand paid and other valuable considerations, the receipt of which is hereby acknowledged, the Grantor hereby agrees to sell, assign, convey and deliver unto the said Trustees, € IN TRUST, the real estate, personal property, and/or other items of value described in the SCHEDULE OF TRUST ASSETS attached hereto, who are to hold f legal title in joint tenancy, in fee simple and not as tenants in common, and to collectively manage such Trust assets by virtue_of the covenant as a t Board of Trustees under the name of the Trust as herein designated. The Grantor or Transferor to this Trust (Estate). shall not retain any power to alter, amend or revoke this Trust Indenture and hereby does relinquish any dominion or control as the Grantor or Transferor, and if any dominion or control is retained as a Trustee then it shall be only with the approval of an adverse party Trustee. The Trustees named herein, for themselves and their successors, IN TRUST, do hereby agree to accept properties, real or personal, to be conveyed or otherwise transferred to this Trust, and. hereby acknowledge acceptance of and + delivery of all the property specified in the SCHEDULE OF TRUST ASSETS, hereto attached, together with all the terms and conditions of this Trust, as herein set forth, agreeing to act in a manner so as to conserve and improve g the assets of the Trusts to invest and re-invest the funds of said Trust for the purpose of increasing the financial status of the Trusts exercising their best judgment and discretion in accordance with the provisions of THIS TRUST INDENTURE and the direction set forth in the minutes of ,/the Board of Trustees. ~ ...,:1090