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• 351.-1492 : j
The share set aside for a child under thirty five shall be held in trust
for such child (herein called the beneficiary) under the following
terms and conditionst .
(1) Until the beneficiary reaches the age of twenty one, the
income shall be accumulated save such as the Trustee
~ considers, in its discretion, advisable or appocopriate to
distribute to or faar the benefit of beneficiary in order
~ to provide for the beneficiary~s care, maintenance, educa-
~ tion ~ support;
(2) After age twenty one, all of the incase shall be distributed
j to beneficiary at least quarter annually; when the beneficiary
reaches ak-e twenty tWO, ten per cent of the then corpus of
his trust shall be distributed to him or her; and when the
benneficiary reaches the age twenty e_,ght, another ten per
cent of the then corpus of the trust shall be distributer to
him or her; and when the beneficiary reaches the age thirty
two another ten per cent of tre then corpus of the trust
i shall be distributed to him or her; and when the beneficiary
t reaches the age thirty five, the trust for his or her benefit
shall terminate and the entire carpus and any unpaid income
shall be distributed to him or her;
(3) The Trustee, in its discretion, is authorized from time to
~ time to distribute all or any part of the corpus to the
beneficiary when necessary or advisable to provide for the
suitable care, aaintenance, education ooc support of the
beneficiary;
(l~) In the case of death of the beneficary prior to reaching the
age of thirty five; the corpus and any undistributed income
shall be distributed to the issue of such beneficiary, and
if the beneficiary leaves no issue, then to the other
j' surviving children of mine and to the issue of arty deceased
S~ chile of mine (such issue to take by right of representation);
provided that the share to be distributed to a child of mine
t;
j; shall, if such child be then under the age of thirty five,
s be added to and form part of the trust hereunder for such
child;
i
(5~ In the case of the death of the beneficiary prior to age
~ thirty five leaving noissue and thEre being no children eor•
' - issue of deceased children of mine then living, the corpus
and undistributed income shall be distributed one calf to
ROY MC KIi3iQNS, and JUISA HC KIt~Il~?NS, or the survivor of
1 ~ them, and the other one half divided in equal shares among
ROBIRT BGND of Beardstan~rn, Illinois, JACK BOND of Oak Park,
i Fichigan, and BETTY HUFMAKFR of Dearborn Township, Michigan,
' or-the survivor of them.
(6) When any distribution is to be made under (1) or (3) above
for the care, maintenance, education and support of a minor,
the Trustees may make such distribution to; the duly appointed
guardian of said minor; to any person having actual custody
of said minor, the same to oe expended for the care, maintenanc
education and support of said minor; any school or other
institution attended by said minor; in any other way whereby
the same is to be expended for tY:e use and benefit of said
minor; and when the minor has reached a suitable age, appropria~e
F ~ portions of the distribution ray be made directly to the
_ minor. The Trustee shall not be under any duty to audit ttf~
use made of any such distribution.
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Bt~K J~.~ P1GE
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