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pany securities, shall be voted as directed by the Settlor if living; other-
r
wise, by the baneficiaries then entitled to receive or have the benefit of the
income from the Trust; to exercise or sell any subscription or conversion _
rights; to consent to and join in or oppose any voting trusts, reorganiza-
tions, consolidations, mergers, foreclosures and liquidations, and, in con-
nection therewith, to deposit securities and accept and hold other property
received therefor;
5. To lease Trust property for any period of time though
commencing in the future or extending beyond the term of Trust;
6. To borrow money from any lender, including a trustee
hereunder individually or a parent or affiliate company, extend or renew an
existing indebtedness and mortgage or pledge any property in the Trust; i
~
7. To sell at public or private sale, contract to se~l, convey,
exchange, transfer and otherwise deal with the Trust property and any re- '
investments thereof, and to sell covered option from time to time for such
price and upon such terms as the Trustee sees fit;
8. To employ agents, attorneys and proxies, and to delegate to
them such powers of the Trustee considers desirable;
9. To compromise, contest, prosecute or abandon claims in favo .
f
of or against the Trust;
~
€ 10. To distribute income and principal in cash or in kind, or
partl}• in each, ana to allocate or distribute undivided interests or differen
assets or disproportionate interests in assets, and no adjustment shall be
made to compensate for the disproportior.ate allocation of unrealized gain for
~ federal income tax purgoses; to value the Trust property and to sell any part
;
~ of ar all thereof in order to make allocation or distribution; no action take
~ by the Trustee pursuant to this paragragh shall be subject to question by any
~
~ beneficiary;
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~ 11. To deal with, purchase assets from, or mak~ loans to the
3.
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~ fiduciary of any Tr~st made by the Settlor or any member of his family, or a
~ Trust or estate in which any beneficiary under this Agreement has an interest
though a trustee hereunder is a fiduciary, and to retain any property so
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