HomeMy WebLinkAbout0774 • -
i -
`
ft
~ -
ti9ITH RESt'SCT TO T1~ TRIIST PRO!'SRTY AND ADDITIONS TF.ER~~ AND _
bOBSTITUTmNb THBRHFOR, TAS 1RUbTE$ 8H1?L.L HAYS TAS HOMIER
I. ?o retain, without liability for dspreoiation resulting
4 from suoh retention, original property, real or personal, at any tams -
~E received by him lyrom the donor or any other source for suoh tins as to
i him or them shall seem best, although suoh property may not be of the ~
is
ohanater prescribed by law or by the terms oP this instrwsent for the ~
t =
investment of trust ll~nds; and to dispose of suoh original property by
ii sale or exchange or otherwise as and when he or they shall deer advis-
abl• and reoei~e and administer the profits as a part of this trust es-
fate.
II. To acquire by purchase, exchange or otherwise property,
jd~ real or personal, from the executor, administrator or testamentary
k
~ trustee of the donor's estate, although suoh property mny not be of the
i;
t character preio~ctbsd by law or by the terms of the trust instrument
ii F
1"1 for the investment of trust ft~nds and without liability for depreciation,
i'
to retain the property so acquired so long as the trustee shall deem
advisable. Provided however, that this power shall not be availnbte
i,
~ to any successor trustee or trustees of C. Bernard Gates, Trustee.
III. To make loans, secured or unsecured, to the executor,
administrator or testamentary trustee of the dcuor's estate upon
i~ sum terms as tD security, rate, maturity, and in other respects as the
s` trustee shall deem advisable and to retain the notes, bonds, mortgages,
i
or other evidence of such indebtedness as trust investments without
!y
} liability for depreciation resulting therefrom. Provided however,
E!
j that this power shall not be available to the successor trustee or trus-
i'
t
tees of C. Bernard Gates, trustee.
i` IV. To receive additional property of any description from
i. the donor or from any source, by will or otherwise as a part ~of the trust
estate.
4.
E
i~
s
i.
i'
ili
l;
3 }