HomeMy WebLinkAbout0777 ~ ~ _
e ~
~ I
XII. To set up reserves out of inoome for reasonable and legal taxes
1 kinds re ire ds reeiation and general upkeep of
and assessments of p 1 , pa , P
buildings.
•7CIII. To grant the right to reaave iYo~ any real property coal, gas,
oil, or any .other minerals, irrespeotive of whether or not any suoh right
is io obtain longer than the duration of the trust created hereunder; and
should any of the above rights be e~ceroised, any bonus, royalties, rental
or profits of sal s, shall be allocated to the income or principal or pertly
i to the income and partly to the principal as may in the sole discretion of
~1
h the trustee bs deem~sd dust and equitable.
~i JCIV. To manage real property belonging to the trust estate in suoh
y
ways as to him or them shall seem beat, including (by way of illustration but
k
not of limitation of the foregoing general statement) authority to abandons
to alter, to adjust boundaries, to demolish buildings, to erect buildings,
i
to convert, tD dedicate for streets, alleys, and other public uses without
compensation., to develop, to grant enssments, to waive payment for pro-
petty taken by right of eminent domain, to equalise shares, to improve, tD
i
insure, ~ grant options with or without right of purchase, to partition, to
enter party~arall contracts, to promote salsa, to protect out of the general
r 1. -
i+ funds of the este?te, to repair, fio sub-divide, to insure the title to, to
s:
perfect the title of, and to vacate.
JCV. To determine what is income and what is principal hereunder, sad
his or their deoision with respect thereto shall be final.
I
l.'YI. j~o determine what expenses, tests, taxes, and charges of all
E
1'
kinds shall be charged against income and what against principal, and his or
j° their deoision with respect thereto shall be oenolusive upon all parties. ~
i'
XYII. To treat as principal or as income or partly as one and partly
the ottrer, as to him or them shall seem best, all realiLed appreciation in
the value of stooks and bonds, securities, or other property Forming a
I
i~ part of the trust estate, resulting from the sale or other disposition
i'
thereof, and his or their deoision with respect thereto shall be conclusive
i~
upon all parties.
f
]CVIII. To determine whether premiums on investments shall be charged
is
I'
i'
soox~25 7Td