HomeMy WebLinkAbout2127 •
engaged in business, and to hold an undivided interest in any
property as tenant in common or as tenant in partnership.
(N) To determine the manner in which the expenses
incidental to or in connection with the administration of the
trusts shall be apportioned as between corpus and income.
(O) To determine the allocation of receipts between corpus
and income and to apportion extraordinary and stock dividends
between corpus and income, provided such allocation or
apportionment is not inconsistent with the beneficial enjoyment
of trust property accorded to a life tenant or remainderman
under the general principles of the' law of trusts, and provided
that all rights to subscribe to new or additional stock or
securities and all liquidating dividends shall be deemed to be
corpus.
(P) To make any division or distribution required under
the terms of this trust agreement in kind or in money, or
partly in kind and partly in money, and to that end to allot to
any trust such stock, securities, or other property, real or
personal, as to the Trustees seems proper in the Trustees' sole
and absolute discretion; and the Trustees' judgment as to the .
value of such stock, securities, or other property so alloted
shall be conclusive and binding on all parties. The Trustees
shall not be required to make physical division of the funds
except when necessary for distribution of corpus, but may in
their discretion keep the corpus of the trust in one or more
consolidated funds in which the separate trusts have undivided
. ,
interests. The Trustees shall not be required to make any
provisions on account of the diminution or increase in value of
any securities or investments at any time constituting a part
of the trusts herein created, or for depreciation in res-sect of
any tangible property, or for the purpose of amortizing or
making good any amounts paid in premiums in the purchase of
securities or of any othet property.
(Q) The Trustees may freely act under a12 or any of the
powers of this Trust Agreement given to them in all matters
-7-
8001 ~ PbGE2~5