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participate in voting trusks, pooling agreements, foreclo-
sures, reorga~izations, consolidations, mergers, and liqui-
dations, and incident to such participation to deposit
securities with and transfer title to any protective or
other committee o~ such term as the Trustee may deem advis-
able; and to exercfse or sel~ stock subscription or conver-
sion rights.
4. Power to Sell, Exchange, Repair. To manage,
control, grant options on, sell (for cash or on deferred
payments), convey, exchange, partition, divide, improve, and
repair trust property.
5. Power to Lease. To lease trust property for
terms within or beyond the terr~ of tt~e trust for any purpose,
including exploration for and removal of gas, oil, and other
minerals; and to enter into community oil leases, pooling,
I and unitization agreements. ~
6. Power to Lend to Trustor's Probate Estate. To
lend money to any person, including the probate estate of
either Trustor, provided that any such loan shall be ade-
quately secured and shall bear a reasonable rate of interest.
7. Power to Purchase Property From Trustor's
Probate Estate. To purchase property at its fair market
va ue as etermined by the Trustee in the Trustee's dis-
cretion, from the probate estate of either Trustor.
8, Trustee's Power to Loan to, Buy From, and Sell
to Trust Individually. To loan or advance the Trustee's own
funds to the trust for any trust purpose, with interest at
current ratea; to receive security for such loans in the form
of a mortgage, pledge, deed of trust, or other encumbrance of
; any assets of the trust; to purchase assets of the trust at
thefr fair market ~alue as determined by an independent
appraisal of those assets= and to sell property to the ti~st
at a price not in excess of its fair market value as
determfned by an independent appraisal.
9. Power to Ad'ust for Tax Con~e uences. To take
any action, in t e Trustee's discretion, to minimize the tax
liabilitiea.of tbis truat and its beneficiaries, and it shall
have the power to allocate the benefits among the various
beneficiaries, and th~ Trustee shall have the power to make
adjustments in the rights of any beneficiaries, or between
the income and principal accounts, to compensate for the
consequences of any tax election or any investment or !
administratfve decisi~on that the Trustee believes has had
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~ HINCNY. ViI1TTE. WOOD. ANDERSON !t HODGEB~
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