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thereof wl~ich they might or could take as an absolute owner thereof,
and to pay out of the funds held hereunder any and ~11 feea• assess-
ments or expenses incurred in~connection tl~erewith;
G. To employ investment counsel, attorneys, accountants', bookkeepers,
stenographers and agents;
ti. To carry property in custodian accounts;
I. To execute such tax returns and pay si~cl~ taxe3 as they shall
deem necessary; ~
J. To be reimbursed from the trust for necessary expenses and to
receive ~uch compensation for their services as shall be reason~ble;
K. To purchase at ~ fair price sec~rities and other prop~rty, real
and/or personal, belanging ta the estate of Settlor, irrespective
of whether or not such security or property is inel.igible for
investment by fiduciaries under ~ny statute or law;
L. To make loans out of the trust propcrty to the Settlor's executors ~
or adr~inistrators, provided that such loans are made on adequate
security and for adequate interest;
t1. To make any division or distribution whether of principal w}iere
authoriced herein, or of incom~ required cr perjnittec3 under the terms
of the trusts hereby created, in kind or in money, or p:.?rtly in kind
and partly in money, and their ~udgment as ta the value of such stock,
securitie~ or other properties so allotted shall be conclu'sive on
all parties, pro~~ided, however, that when thc m~rket value of a
security is readil~ available becausc it is regularly traded, the
ascertainable value of that aecurity shall deterMine its value in-
ste~d of the Trustees' judgmentt
N. No one dealing with the Trustees l~ercunder neecl inquire concerning
~he validity of anything the Trustees purport to do or need see to
the application of any money paid or transferred to, or upon the order
of, the Trustees; -
O. No Trustee shall be responsible.for the act~ or omissions of a
; Co-Trustee or for allowing a Co-Trustee to have custody or control
of the funds, securities or property. Each Trustee shall be respon-
~ sible only for his own acts or omissions in bad faith;
t
~ P. An additional or successor Trustce shall not be liable for any
~ action taken by the Trustees prior to the time such additional or
successor Trustee becomes a Trustee; ~
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` Q. A Trustee hereunder may by an instrumcnt in writing deley~te
~ all or any of his powers and discretions to a Co-Trustee whenever •
this instrun:ent provides that there shall be Co-`1'rustees;
R. Any Trustee of any Trust under this Declaration shall,.at all
times and from time to time, have the full and complete authority
to certify to the issuers, registrars and t~ansfer agents of any
securities, to commerci.al banks, savings and loan associations, lending
institutions, and to governmental authorities, ~s.to any matters or
~ factual situations c~ncerning directions of Settlor, the death of
Settlor, or any other beneficiary under this Declaration, the age,
~ marital status and competency of any such benef~ciary, the existence
~ of any right of division of any trust into parts thereof, the existence
f and termination of any trust created under or pursuant to ihi~
D~claration, the name of~'any person who is currently acting and
qualified ~s trustee or trustees of any trust cre~ted hereunder
oz pursuant hereto, the designation or revocation of. c~esignation,
i resignation, inability or death of any trustiee or co-trustee, whether
~ original, surviving or successor, the exercise or failure to exercise
~ a;~1 ~~wer of appointment of the corpus of any trust hereunder by the
~ ~cr•~:~ h~ving such power, and any limitations upon the trustees'
~ j~c.ti.~ where the right to make such limitations thcreon is provided
~ . toi this Declaration. Any person, fi~-m or corpor~tion to whom
~ ~ny such truscee issues such ccrtific~te ancl who relies thcrcon,
~ - . 432 Pa~E ~3
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