HomeMy WebLinkAbout0761 • ~ _
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~~1/I. To execute and deliver agreements, assignments, bills of sale oon•
~ tracts, deeds,note; powers of attorney, receipts, and any and all other instr
meats in writing necessary or appropriate for the administration of this trust
)DCVII. To do all other sots, which in his or their judgment, may be
necessary or appropriate for the proper and advantageous management, invest-
} ment~ and distribution of the trust estate.
IT IS FINALLY ~V~JAZ~TED THAT wherever the words "child," "children",
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"grandchild", or "grandchildren" are used in this instrument, said words shall
be and are limited in their use to issue or grandchildren by birth and blood
of mY said daughter and said son and excludes children or grandchildren by
{ adoption or in any~other.manuer whatsoever.
This trust is hereby e~cpressly made ~rholly irrevocable by me, my heirs
personal representatives and assigns,except that I hereby reserve unto myselfi
the right to change the trustee and name a now trustee st any time upon ten da 'a
1' notice in writing to the said trustee, and upon receipt of suoh notice the sai
trustee shall ~:ithin ten days thereafter, transfer and deliver unto suoh new
trustee all the real estate, securities an+d properties held hereunder, and sus
i' near trustee, by proper acknowiedgemsnt in writing of the receipt of suoh trust
properties, furnished to me and to said party of the S,eoond tart shall hold sai
securities nand properties subject to all the terms and conditions of this true .
~ This indenture is made subject to (1j a certain written agreement dated
February 2`/, 192 betireen Qara L. Gates, C. Bernard Gates arri :babel G.
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Crickard, and (2) a certain verbal agreement between Clara L. Gates, attorney
i; in-fact, and C. Bernard Gates, made pursuant to said written agreement. C.
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Bernard Gates, Trustee, shall receive no compensation for his services in the
raanagexient of this trust so long as said agreements are in effect. In the t
event said agreements are terminated then C. Bernard Gates, Trustee, shall re-
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ceive as compensation °or his services in the management of this trust the
sum of ~1,250.OU a year, payf±ble in monthly installments.. If the said C.
j~f Bernard votes decease, resign or otherwise be unvrilling to act as trustee I
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direct t'c~at the Charleston :Jatiortal Bank, a corporation organized and operated
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f under the laws of the State of Yiest Virginia, and Charles B. Gates, Jr., be
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his successor trc:s tees. Said C}wrles B. Gates, Jr., shall receive no
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compensation for his services as co-trustee. Said Charleston National Bank
shall receive as compensation far its services as co-trustee two (2) per cent o
!j the funds collected amd disbursed by it under this trust including the final