HomeMy WebLinkAbout1292 ~
79 528 C P
shall keep separate accounts for the different
undivided interests. Upon any distribution of
the Trust, in whole or in part, the Trustee may
r~.si~,n, transfer or deliver in kind to the
pcrsc~n then entitled thereto, any part of the
Trust Iatnte or an undivided interest 1n the
Trt~at I:str~te, or any portion thereof, at such
E
i
~?~hlu~tlon ns the Trustee m.~ est:nblish as the i
then ix~ir market value and/or may within a
renson:~ble time convert such person's share of
the Tr~ist L•:state, or any portion thereof, into l
_ cnt~li, clistribut~.ng the nit proceeds to ~ such
I~er~sr~ii all in L•he absolute discretion of the
" 1'ru~:tc~e.
n. The Trustee may but shall not be re-
~I~iired to amortize pre::~iums or accumulate discounts. ~
X11 dividends accruing on~corporate stock and ~
pay~ible in the shares of the corporation itself l
f
anct all rights to subscribe to the shares or other t
securities or obligations of a corporation accru-
ing on account of the ownership of stock in such
corporation, and the proceeds of any sale of such
rights, shall be dee;ned principal. All dividends
payable otherwise than in the shares of the
corporation itself shall be deemed income,
except that amounts p.1id on corporate stock upon
linuidatioti of the assets of the corporation as
a ret!::n of the original investment and such part
1
s-
- LU -
8~x 319 ~~E ~?90
s