HomeMy WebLinkAbout2126 •
~ •
agreements or subscriptions which the Trustees may deem
necessary or advisable in connection therewith, .all without
applying to any court for permission so to do, and to hold and
redeem or sell or otherwise dispose of any securities or other
property which the Trustees may so acquire.
(H) To compromise, settle, arbitrate, or defend any claim
or demand in favor of or against the trusts; to enforce any
bonds, mortgages, security agreements, or other obligations or
liens held hereunder; and to enter upon such contracts and
agreements and to make such compromises or settlements of
debts, claims~or controversies as the Trustees may deem
necessary or advisable.
(I) To incur and pay the ordinary and necessary expenses
of administration, including (but not by way of limitation)
reasonable attorneys' fees, accountants' fees, investment
counsel fees, and the like..
(J) To act hereunder through an agent or attorney-in-fact,
by and under power of attorney duly executed by the Trustees,
in carrying out any of the powers and duties herein authorized.
(R) To borrow money for any purposes of the trusts, or
incidental to the administration thereof, and to secure the
repayment thereof by mortgaging, granting a security interest
in, or pledging or otherwise encumbering any part or all of the
property of the trusts, and, with respect to the purchase of
any property, as part of the consideration given therefor, to
assume a liability of the transferor or to acquire such
property subject to a liability.
(L) To lend money to any person or persons upon such terms
and in such ways and with such security as the Trustees may
deem advisable for the best interests of the trusts and the
beneficiaries hereunder.
(M) To engage in business with the property of the trusts
as sole proprietor, or as a general or limited partner, with
all~the powers customarily exercised by an individual so
-6-
a~329 ~A~E2124