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(1) "my estate" shall mean my estate as a whole and/or
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all or any trust or trusts createci hereuncler or under any t
Cociicil hereto and any property at any time held for minors
(incluc~ing acc.umulated income) pursuant to this y~ill or any
Codicil hereto;
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(l) "property" shall mean any property whatsoever,
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whether real or personal, including, without limitation, any #
interest in real estate (improved or unimproved), bonds, ~
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notes, debentures, mortgages, certificates of deposit,
stocks, shares or interests in investment trusts or funds
~ and undivided interests or shares in any of the foregoing,
and whether located within or without the United States of
America, or issued by any person, firm, corporatior~ or other
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entity situated, organized or existing within or without the
United States of 1lmerica.
_ I. To retain any property as an investment and to invest
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r and reinvest in any property without being limited to such legai-
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investments as are provided for the investment of trust funds by
any law now in force or hereafter enacted in any jurisdiction and
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without regard to the proportion which such investment may bear
I ~ to the value of in estate; to kee an `
y p y part of my estate unin- _
;
E vested but not beyond a reasonable period of time; and to acquire
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~ or, for a reasonable period of time, to reta?n any security or
~ other property even if it shall be or becorne non-income producing ~
~ (and I direct that all carrying charges.on any such non-income
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~ producing property shall be charged to principal). ;
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~ II. To sell, at public or private sale, exchange, grant
~ options to or lease any such property without public bidding and
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& without restriction or limitation as to lengtl~ of term, even
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' thou h for a term lon er than the
~ 9 9 probable duration of the ad-
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t ministration of my estate, or of the trust or trusts owning or .
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