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HomeMy WebLinkAbout0775 4 - ~ t a r, ~ , E i Y. ?a continue to operate any porivate business oxned by the trust and + ~ _ ~ to do any and all o! the things dossed appropriate by ~ trustee, iaolud- ing the right to incorporate the business and ~ put in additional capital, I f~ for auoh ties as to his shall asses advisable, and as or xhen he shs11 dsea i f} 11 aalvlaaDle anal upon suOII tivrsis ai vo ua~a •cs?11 i6ia ovsi., wiw`yuu~ ii~wiiri k_ t~ for loss for the oontinunnos of the business. ; } VI. To invest and reinvest and keep the trust estate invested in any kind of property, real or personal, including by we?y of illustraition but not o! liaitation, common and preferred stooks, rating trust certificates, bands, notes, debentures, mortgages, share or interests in invsst+sent trwts, shares or interests in common trust flxnds, investments that yield a high rats o! income or no income at atl, and wasting investmeonts, without regard = - to the proportion any such inisatstient or investments of a similar character 1; may bear to the total trust estate or xhether or not such imrestmentsare in new issues or in new or foreign enterprises, and xithout being Baited to j~ the alaasvs of investments in which trustees are or may be authorised by - statute or case or rule of court to invest trust Ponds; intending hereby 4 tb authorise the trustee to sot in auoh me~nner as he or they shall believe i to be for the best interest of the trust estate, regarding it as a xhols, i L even though particular investments otherwise might not bs proper. Provided t i. however, that this power shall not be available to the successor trustee or trustees of C. Bernard Gates, trustee and that_ssid successor trustee or t trustees shall invest or re-invest and keep the trust estate invested only in such securities as are authorised by the laxs of the State of Yrest Virginia for trust investments. t; s VII. To vote any corporate stock belonging to the trust estate by f' proxy with or xithout power of substitution. VIII. To exercise any option or privileges to convert bonds, notes, stocks, or other securities belonging to the trust estate into other bonds, notes, stooks, or other securities; fo exercise any privilege to subscribe s; for additional and othea~ bands, notes, stocks or other seourilies; tc make auoh converafons and subscriptions, to make payments therefor and to advance or borrow money for the purpose of exercising suds option, privilege or right; i' 1; and to hold auoh bonds, notes, stooks, and other securities so acquired as ~ } ~ investments for the trust estate. rrovided however, that the powers of the b00a(~~ t~6f ~