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credited thereto. To consider and treat as corpus all
dividends payable in stock, all dividends in liquidation, '
all "rights" or "warrants" issued on securities, all capital
gains distributions on shares of mutual funds, and to con-
sider and treat as income all dividends received (except
those declared and payable as of a "record date" preceding
my death, which shall be considered and treated as corpus).
G. To charge or credit to corpus any premiums and
discounts on securities purchased at more or less than par,
except non-interest bearing obligations such as Treasury
Bills in which instance-the discount shall be treated as
income.
H. To vote in person or by proxy any stock or securi-
ties held, and to grant such proxies and .powers of attorney-
to such person or persons as my personal representative may
deem proper.
I. To consent to and participate in any plan for the
liquidation, reorganization, consolidation or merger of any
corporation, any security of~which is held.
J. To borrow money and to loan money upon such terms
and conditions as my personal representative may determine
and to mortgage and pledge estate assets as security for the
repayment of estate debts.
K. To~lease to or from others, any real estate for
such term or terms and upon such conditions and rentals and
in such manner as my personal representative may deem advisable
(with or without privilege of purchase), and~any lease so {
made shall be valid and binding for the full term thereof
even though it shall extend beyond the duration of the
administration of 'the estate. To make repairs, replacements
and improvements, structural or otherwise, to any real
estate, to insure against fire or other risks, and to charge }
the expense thereof to principal or income (or apportion
same between principal and income), as my personal representa-
tive may deem. proper. To subdivide real estate, to dedicate
same to public use, and to grant easements, without limita-
tion or restriction.
L. Wnenever required or permitted, to divide and dis-
tribute my estate, to make such division or distribution in
money or in kind, or partly in money and partly in kind.
M. To employ accountants, attorneys and agents or
advisors as my personal representative may deem advisable;
to pay reasonable compensation for my personal representa-
tive's services and to charge same to (or apportion same
between) income and principal as my personal representative
may deem proper.
N:~ To execute, acknowledge and deliver all deeds, con-
veyances, leases, contracts, bills of sale, stock powers,
mortgages and other instruments as shall be effectual to f
exercise the powers and authorities conferred .upon the
personal representative without applying to any Court for
prior or subsequent approval of said documents or his acts.
O. To purchase as an investment, insurance on the life
of any beneficiary, or on the life of any person related by
blood or marriage to or having a legal obligation to surport ~Y
f
. G1d s
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