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79 528 C P~
of said dividends as may be designated by the
corporation as a return of capital or distribu-
tion of assets shall be deemed principal. Where
the Trustee shall have the option of receiving a
dividend either in cash or in the shares of the
declaring corporation, it shell be considered a
ca ,h dividend irrespective of ttie choice made by
the Trustee. Unless otherwise specifl.cally pro-
vided herein, the Trustee shall have absolute
discretion in determining whaC is principal or
income and w:~at shall be charged or credited to
cLtl;er, and the- judgment o£ the Trustee shall
bind everyone beneficially int-erested hereunder;
{~rc~vi~icd, ho•~evcr, that oil nncl Ras royalties, .
bonuses, production p1y~T~~nts, or other proceeds
Ercnn the development or {production of wasting
assets held In Trust, shall constitute income
rather than principal. The TrusL-ce shall administer
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this Trust, and any Trust created hereunder so
that the depletion deduction for Federal Income
Tah purposes shall be apportioned between the
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Trustee and the incom~ Beneficiaries on the
basis of the Trust iincome allocable Co each,
and no depletion reserve need be maintained by
tl~e Trustee. The Trustee may re;y upon the
statecnent of the payinK corporation as to whet'~er
dividends are paid from profits or earnings, or
ere .1 return of ~,i{~it.~l ~~r a distribution of
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