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HomeMy WebLinkAbout0779 _ _ ,i rr y XXVI. To ezsoute and deliver agroementa, assignementa, bills oP sale con+ tracts, deeds notes, powers of attorneys receipts,and any and all other ins manta in writing necessary or appropriate for the administration of this trust IQCVII. To do all other acts, which in his or their judgment, may bs ne- t i cessary or appropriate fvr the proper and au~?antageous management, invests t I l,. j meet, and distribution of the trust estate. ~ • € IT IS FINALLY ~Vh'Yl~":Th'D THAT xherever the words "child; "children"i 1 "grandchild", or "grandchildren" are used in this instrvient, said words shall be and are limited ixi their use to issue or grandchildren by birth and blood ii of my said daughter and said son and excludes children or grandchildren by adoption or in any other manner ~~atsoever. I 4: This trust is hereby expressly made wholly irrevocable by me, my heirs, personal representatives and assigns,except that I hereby reserve unto myself, f 1: the right to change the trustee and name a near trustee at any time upon ten da 's notice in writing to the said trustee, and upon receipt of such notice the sa 4 i; trustee shall within ten days therea.fter,transfer and del suer unto such near trustee all the real estate, securities and properties held hereunder, and su i~ new trustee, by proper acknowledgement in tirriting of the receipt of such trust f; properties .furnished to me and to said party of the Second !'art shall hold eai i+ 4~ securities and properties sub3eat to all the terms and conditions of this true • This indenture is made sub3ect tD (1) a certain vrritten agreement dated s. Februar3? 27, 1925 be~reen Clara L. Gates, C. Bernard Gates and Zabel G• Crickard, and (2) a certain verbal agreement betareen Clara L. Gates, attor~y- in-fact, and C. I~ernard Gates, made pursuant to said written agreeme~. C. 1~ Bernard Gates, Trustee, shall receive no compensation for his services in the management of this trust so long as said agreements are in effect. In the j event said agreements are terminated then C. Bernard Gates, Trustee, shall re- f oeive as compensation for his services in the management of this trust the { sum of $1,250.00 a year, payable in monthly installments. If the said C• Bernard Gates decease, resign or othenvi~e be unwilling to act as trustee I j` direct that the Charleston Rational Bank, a corporation organized and operated i, under the laws of the State of West Virginia, and Charles B. Gates, Jr., be ~i hiB successor trustees. Said Charles B. Gates, Jr., shall receive no I ~ compensation fbr his services ea oo-trustee. Said Charleston National Bank i shall receive as compensation for its services as oo-trustee tab (2) per cent o the ftimds collected and disbursed by it under this trust including the final