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. (b) A Trustee aa,T resign ~ srittsn instrument signed b~ his and
acknosledged in the marmsr prescribed for aclmawledgasnt of deeds, sad snob -
inetrament shall be recorded in ~tbe 1[iddlesez lbrtb District. Regiatr9 of Deeds.
(o) ?in the event o! the death, resignation or disability of say Trustee
- - or_2rwte~s,_ the i+eaaiaitig Tstisteea or trustee shall fill snob ~aca:ta~? or .
?acandu by appointiag such other persaa or persons as they or be in thsir~ -
' or his discretion shall deem tits • cstrtifiaab of such spppiataent by the -
r+e~osi~t
~ ?rustees or ?rustee acknowledged said recorded sigh the aforesaid ~
Registry of Deeds, sad sash recording of rssigaation and election shall b•
• ~ eonclnsite erideaae of the facts u stated in for osrtitiaate and bitndiag
. - npoa all parties.
- (d) The signatures of aqy tso ?ruatees to atApr inatrvseat shall be
- snttioient to bind the Trastoes even though tbs remainiag Trustees be in no '
rise disabled or lacapicated. - ~=4.y_
.
(e) The Trustees shall determine their ottrn oospsosstion end shall bs
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reiaburaed from tits trust for all expanses and disburse~oeats. 3nab ooapensa-
_
lion, barerer, shall not exceed in tDe a86regate fiv+s.per cent (sx) of the Y1
prose incoae in say fiscal year. -
- (t) The Trustees are sutborised to ao~luiri, SBA, f
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lease, b~, sell, mortgage, escbange and deal in real estate or aa~r 2nbrsat -
- tberaia, and in cannsation therewith exercise their sot discretion.
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- (g) ?he Trustees are authorised to distribute diriaeads from ties to ~ _
j time among the Shareholdeirs squal]y, according to ttr nuaber of shares held
by thee. - -
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(b) ?be Trustees ar+e authorised to pq acq~ sad all fazes, liens and • -
~ assessments isposed upon the Trust or imposed upon t~lte Trustees berenoder.
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s ?be Troatees shall base the right to borrar mt~ for Trust purpose,
sitb os sithoat security, upon snob te:,a and ooaditiona as the Trustees in
their sole ~udgaent avq deem desirable. -
• ~ (k) ?he Trustees shall bare the autborit to ~
y prosecute, defend and
8~~316 ~~~331 # =