HomeMy WebLinkAbout1161 g~ 547
mixed, in possession or in expectancy at the time of my death,
I give, devise and bequeath unto my son, RICHARD J. TEATER,
per stirpes.
FOURTH
I hereby nominate and appoint my husband, KAARE LYSTER,
as Personal Representative of this my Last Will and Testament. `
If he shall fail to so act, I nominate and appoint my son,
RICHARD J. TEATER, as Personal Representative hereunder. I
direct that no bond or security of any kind be required in
any jurisdiction of my said Personal Representative, his
substitutes or successors, the same being specifically
waived hereby.
- FIFTH
In addition to the powers given them by the laws
of the State of Florida, I authorize my Personal Representa- -
tive, his successors or substitutes, and each of them to
have the following powers and discretions, as, in the
unrestricted judgment of my said Personal Representative is
deemed advisable for the better management and preservation
of my estate, without resort to any person or court for
I
further authority: to sell any of the property in my estate,
real or personal, for cash or on such other terms as may f
seem advisable; to borrow money and to make such pledges
and mortgages in connection therewith as may be reasonably
necessary; to hold my said estate in the form of cash, free
from any liability for failure to convert such cash into
productive investments; to continue -the operation of any
business or business interest, regardless of entity, which
is an asset of the estate; to make distributions hereunder
either in cash or in kind at fair market value; to settle or
compromise alI claims against my estate or those my estate
may have against others; to retain any investments received
-2- B~DK~~ P~GE~,~,Sl
- ~ _ ~