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'I Agreement, in its own name without a designation showing it
i to be Trustee under this Agreement, in the name of its i
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nominee, or t«e Trustee may hold au~h securities unreyistered
j: in such condition that ownership will pass by delivery.
Determination ~f Principal and Income
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4.07. Except as otherwise specifically provided in i
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' this Agreement, the Trustee shall have full power end authority
to determihe, in its discretion, what shall constitute ?
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principal of the Trust Estate, gross income from the Trust
Estate, and net income of the Trust Estate distributable
under the terms of this Agreement. (The determination of ,
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the Trustee as to what constitutes principal, gross income,
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or net income of the Trust Estate shall, except as may be
otherwise expressly provided in this Agreement, be conclusive
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and binding on all persons in any manner interested in any
trust created or to be created pursuant to this Agreement).
Taxes and Expenses of Trust `
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4.08. All property taxes, assessments, fees, charges,. ~
and other expenses incurred~by the Trustee in the administration ~
or protection of the trusts created by this Agreement,
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including the compensation of the Trustee provided for in
this Agreement, shall be a charge on the Trust Estate and
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shall be paid by the Trustee prior to final distribution of
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~ ~ the Trust Estate in full out of the principal or in full out ~
~ i! of the income of the income of the Trust Estate, or partiall~~
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~ out of the principal and partially out of the income of the
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~ " Trust Estate, in such manner and proportions as the Trustee
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may deem to be advisable. (The determination of the Trustee ~
to pay such expenses and charges from the principal or }
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income of the Trust Estate or partially from each shall be
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conclusive and binding on all persons in any mangier interested
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;~`~1MER 8 FRASIER, in any trust created by or pursuant to this Agreement) .
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