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must convert the entire value of life insurance policies at retire-
ment into cash or provide for a periodic income (under the terms
of this Agreement) so that no portion of such value may be used
to continue life insurance protection beyond retirement.
7.3 OTHER POWERS OF THE TRUSTEE. The Trustee in addition
to all other powers and authorities under common law, statutory
authority, including the Act, and other provisions of this Agree-
ment, shall have the following powers and authorities, to be
exercised in the Trustee's sole discretion:
(a) To purchase, or subscribe for, any securities or other
property and to retain the same. In connection with the purchase
of securities, margin accounts may be opened and maintained;
(b) To sell, exchange, convey, transfer, or otherwise dispose
of any securities or other property held by it, by private contract
or at public auction. No person dealing with the Trustee shall be
bound to see to the application of the purchase money or to inquire
into the validity, expediency, or propriety of any such sale or
other disposition, with or without advertisement;
(c) To vote upon any stocks, bonds, or other securities; to
give general or special proxies or powers of attorney with or with-
out power of substitution; to exercise any conversion privileges,
subscription rights, or other options, and to make any payments
incidental thereto; to oppose, or to consent to, or otherwise
participate in, corporate reorganizations or other changes affecting
corporate securities, and to delegate discretionary powers, and
to pay any assessments or charges in connection therewith; and
generally to exercise any of the powers of an owner with respect
to stocks, bonds, securities, or other property;
(d) To cause any securities or other property to be regis-
tered in the Trustee's own name or in the name of one or more
of the Trustee's nominees, and to hold any investments in bearer
form, but the books and records of the Trustee shall at all times
show that all such investments are part of the Trust Fund;
(e) To borrow or raise money for the purposes of the Plan
in such amount, and upon such terms and conditions, as the Trustee
shall deem advisable; and for any sum so borrowed, to issue a
~ promissory note as Trustee, and to secure the repayment thereof
f by pledging. all, or any part, of the Trust fund; and no person
~ lending money to the Trustee shall be bound to see to the appli-
cation of the money lent or to inquire into the validity, expedi-
ency, or propriety of any such borrowing. `
(f) To keep such portion of the Trust Fund in cash or cash
t balances as the Trustee may, from time to time, deem to be in
the best interests of the Plan, without liability for interest
I thereon;
r (g) To accept and retain for such time as it may deem
advisable any securities or other property received or acquired
by it as Trustee hereunder, whether or not such securities or
~ other property would normally be purchased as investments hereunder;
(h) To make, execute, acknowledge, and deliver any and
F all documents of transfer and conveyance and any and all other
instruments that may be necessary or appropriate to carry out _
the powers herein granted;
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