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HomeMy WebLinkAbout2528 .t.~ JRG/ns 1 7/29/76 y 5~~} substitution of powers conferred by law: A. To compromise, settle, or adjust any claim or demand by or against my estate or any trust and to agree to any rescission or modification of any contract or agreement. B. To retain any security or other property owned by me at the time of my death, so long as such retention appears advisable, and to exchange any such security or property for other securities or properties and to retain such items received in exchange. My personal representative or trustee may presume that I have con- fidence in the securities owned by me at the time of my death, and therefore no sale thereof shall be made solely in order to diver- sify investments. C., To sell, exchange, assign, transfer and convey any secur- ity or property, real or personal, held in my estate or in any trust fund, at public or private sale, at such time and price and upon such terms and conditions (including credit) as he, she, it or they may determine. D. To invest and reinvest in such stocks, bonds and other securities and properties as he, she, it or they may deem advisable including stocks and unsecured obligations, undivided interests, interests in investment trusts, common trust funds, mutual funds, leases, and property which is outside of my domicile, all without diversification as to kind or amount, without being restricted in any way by any statute or court decision (now or hereafter existing) regulating or limiting investments by fiduciaries. E. To register and-carry any property in his, her, its or their own name or in the name of his, her, its or their nominee or to hold it unregistered, but without thereby increasing or de- creasing his, her, its or their liability as fiduciary. F. To sell or exercise any "rights" issued on any securities held in my estate or in any trust fund hereunder. f G. Unless inconsistent with other provisions of this instru- ~ ment, t© c©nsider and treat as principal all dividends payable in stock, all dividends in liquidation, and all "rights" issued on ~ securities and to consider and treat as income all other dividends received (except those declared and payable as of a "record date" preceding my death, which shall be considered and treated as principal). H. To charge or credit to principal any premiums and dis- counts on securities purchased at more or less. than par. I. To vote in person or by proxy any stocks or securities held, and to grant such proxies and powers of attorney to such person or persons as he, she, it or they may deem proper. J. To consent to ar_d participate in any plan for the liquida- tion, reorganization, consolidation or merger of any corporation, any security of which is held. K. To borrow money (from himself, herself, itself or them- selves individually or from others) upon such terms and conditions as he, she, it or they may determine and to mortgage and pledge estate and trust assets as security for the repayment thereof. L. To lease any real estate for such term or terms and upon a such conditions and rentals and in such- manner as he, she, it or they may deem advisable (with or without privilege of purchase), and any lease so made shall be valid and binding for the full term thereof even though same shall extend beyond the duration of the trust. To make repairs, replacements and improvements, structural or otherwise, to any such real estate, to insure against fire or other risk and to charge the expense thereof to principal or in- PAGE FIVE QF MY WILL ' ~~~+x318 PAGf~2~i~1~ ` I.AW AFFIGFS CDUCNNELL~-OLEBY b i~AcKINN ~Q VFQA BFAfN CIAQiAA