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(4) in the exorcise of tPtepocrors and authority herein
conferrer: for the benefit of this trust, the trusteQ is
•enpoweren, as often as may :~e necessary in his discretion,
to invest, sell, encumber, or exchange for cash or upon
terms, without the order of any court, any part or all
of the assets of the trust estate, either publicly or
privately, with or without notice of publication or other-
wise; no purchaser shall be required to see to the applica-
tion of the purchase money.
. (5) I hereby authorize the trustee to invest in securities
other than those fixed by the statutes of the state of m~?
domicile at the time of my death for the investment of trust
funds, and I expressly relieves the trustee from any liability
for depreciation in holding in his discretion any non-legal
investments owned by me $t the time bf my death.
(6) After paying all taxes and all costs of administering
the marital, trust, including reasonable trustee s fees and `
other charges and expenses incident to the care, operation
and maintenance of said marital trust, the trustee, comntenc-
inq with the date of his qualification, shall pay all of
the net income from said marital trust to ray said wife in
quarter-annual installments, or in more frequent install-
. ments in the discretion of the trustee, for the duration
of this trust. My wife shall also be entitled to all net
income earned from said marital trust assets from the Sate
• of my death to the date of the qualification of the trustee,
and the same shall be paid to her by the executor or by the
trustee in accordance with the law in force at the time of,
my death. •
by wife.is given the full and exclusive power to. appoint th4
entire assets of the marital trust, free of this trust, to herself•
,or to her estate. She may make such appointment by will or by deed
'or by other form of transfer to any person, coruoration, associa-
tion, educational institution, church or charity, jointly or
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~ severally, including her own creditors or the creditors of. her
'.estate as she may desire. i•iy wife also is given the exclusive power
to appoint from time to time any portion or portions of said marital
trust assets by deed or other form of transfer and the remaining
portion thereof by will. If My said wife fails to raaY.e such appoint-
,
ment or appointments, then said marital trust property o: any portion ~
not appointed at her death shall be distributed according to the
terr,?s and conditions of Paragraph Sixth of this m,% dill.
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~ FOURTH. After the Marital trust has been set at~art, all the
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rest, residue and re*~ainder of my estate shall constitute the
resiuuary trust and I give, devise and bec?ueath s3i~ residuary
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trust assets t5 my son, John E. Chisholm, as 'T'rustee, in. trust for
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