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erect, and shall, with respect to any improvement which in their
judgm~nt is nat a permanent improvement but has a usable life in
excess of ane year, uepreciate or amortize tl~e inventory value or
cost to tti~m, as the case may be, by aPpropriate annual deduc-
tions from income and corresponding credits to principal; pro-
vided, t~owever, that in all cas~s such annual deductions from
income.st~all not in any year exceed the amount properly deducted
fvr~cle~~reciation or amortization for that year under federal
income tax law as then in effect, and reyulations issued there-
I under. ~
VI. To vote on any securities forming part of my estate by
cliscretionary proxy or otherwise; to join in or oppose any plan
of reorganization, recapitali2ation, sale, lease, merger, ex-
change, consoliclation or other similar plan; to exercis~ conver-
sion, subscription or other rights, or to sell or abandon such
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-'i rights; to receive and iiold any securiFies issued as a result of
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any ot the r"oregoing transactions; and gen~rally to take all
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~ action in respect of ~iny such securities as they might or could
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~ ~do as absolute owners thereof.
VII. To c1e osi ~
j p t any propcrty with votiny trustees or protec-I
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~ tive or si~nilar committees, to delegate to them discre~ionary i
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~ ~ power, to pay a share-of their expense and compensation, to pay ~
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~ any assessment levied wi th resE~ect to any suclt property, and to !
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E charge the same to ~~r.i nc i~>~~1 or incacne as my executors or trus- f
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i tees may see fit. _ ~
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~ t VIII. l:xce~~t as m:_ry be pr_ohibited by law, to register and ~
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~ ~ }iold ~~ro~.~erty i~i thc~ nnme of a nomi.nee or nor~inees or in their !
f ~ owti n~~nie:; - _ '
(wi thc~ut i.r~ ~~i~y ca,c~ .zcldin~~ wor.cls indicating tiieir !
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~ ~ Licluci~ry c~~E~.icit:Y) c~r i~~ f~~~irer form. I
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BEAC AEF z' S 4,~ P%1GF S L
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' E~=~~ 311 Fac~ 24~8
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