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HomeMy WebLinkAbout0986 -z - A. To retain in the form received a~ny property or undivided interests in property doneted to, or otherr~ise acquired ae a part of . the Truet Estate, including r~sidential property,,regardless of any lack of divereification, riek of nonproductivity, aa loag as the fiduciary deeme advisable, and to exch~nge any euch security or property for other securities or properties~and to retain euch items received in exchange, althouqh said property represents a larqe percentaqe of the total property of the Truet Estate or even the entirety thereof. - . B. To inveet and reinveat all or any part of the Truet ~ Estate in any property and undivided intereBts i~ property, wherever located, includinq bonds, debentures, notee, eecured or unsecured, stocka of corporatione regt~rdless of clase, intereate in limited partnershipa, real estate or any interest in real estate Whether or not productive at the time of~investment, interests in trust, inveBt~ent truste, whether of the open and/or closed fund typee, and participa- tion in connnon, collective or pooled trust funde of the Trustee, insurance contracts on the life of any beneficiary or annuity contracte for any beneficiary, Without being limited by any statute or.rule of lav concerning i~veatmenta by fiduciaries. ~ C. To eell or dispose of or grant options to purchase any property, real or pereonal, con'stituting a part of the Trust Eetate, for cash or upon credit, to exctiange any-property of the Trust Estate for other property, at Buch timee and upon auch terms and conditions as the fiduciary may deem best, and no pereon dealing With the fiduciary shall be bound ~o see to the applicatiop of any moniee r.~aid. . • . D. To hold any securities or other property in the Truetee's own. nan~e or in the name of a nominee (with or without diecloeure of any fiduciary relationehip) in bearer form. E._ To keep,_ at any time and from time to time, all or any portion of the Trust Estate in caeh or uninveeted for auch period or periods of time as the fiduciary may deem advieable, without liability for any loss in income by reason thereof. F. To sell or exerciae stock aubscription or convereion righte. . G. To refrain from votinq or to vote ehares of etock awned by the Trust Estate at ehareholderB' meetinge in person or by epecial, limited, or general, proxy and in general to exerci~e all the righte, powers and.privileges of any awner in respect to any securitiee constituting a part of the.Trust Estate. ~ H. To participate in any plan of reorganization or consol- idatio~ or merger involvinq ~ny company or companiee Nhose stock or ~ other.aecurities shall be part of the Trust EBtate, and to depoBit ; such stock or other securities under any plan of reorqanization or ; With any protective cormnittee and to delegate to such com~nittee dis- cretionary power with relation thereto, to pay a proportionate part of the expenees of such com~nittee and any aeeeeemente levied under any such plan, to accept and retain new aecurities received by the ' . fiduciary pursuant to any such plan, to.exerciee all conversion, subscription, votinq and other righte, bf whatsoever nature pertaining to such property, and to pny any-anwunt or anwunts of money aB the fiduciary may deem advisable in con~nection therewith. ~ I. To borraw money and to encumber, mortgaqe or pledqe any ' asset of the Truet Estate for a term within or extending beyond the term of the trust, in connection with the exercise of any po~wer ~ vested in the fiducfary. J. To enter for any purpoee into a leaae as leseor or leseee ~ ~ with or Mithout option to purchaee or renea for a term Nithin or extending beyond the tenr? of the trust. ~ K. To subdivide, develop, or dedicate real property to a ; public uae or to make or obtain the vacation of plate and adjust ; boundaries, to adjust differencee in valuation on exchange or ~ partition by qiving or receiving consideration, and to dedicate • ~ easements to public uee without consideration. BOOK J5c7 PACE c~706• _ _ t ~ " . .