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In addition and not in limitation of any common-law or
statutory authority, and without application to any court,
they shall follow the directions hereafter given and shall
have the powers and responsibilities described below to be
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exercised in their absolute discretion: ~~~r. 86~p~cF1,538
A. With regard to both real and personal property,
for the purpose of obtaining funds for payment of taxes,
claims and the costs of administration, payment of bequests
and making distributions, conversion into cash, management
of the proper'ty and for every other proper purpose, they may
acquire, retain, invest, reinvest, exchange, lease, sell,
borrow, mortgage, pledge, transfer and convey in such manner
and on such terms without limi't as to time as they may deem
advisable, even for terms beyond the expected administration
of my estate, and no purchaser or lender.shall be held
liable to see to the propriety of the transaction or to the
application of the proceeds.
B. To pay all or any portion of administration expenses,
~ debts and taxes out of income or principal and to accumulate
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the income of the estate for this purpose. Unless otherwise
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; provided by this instrument, the amounts paid from i.ncome
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; shall be charged against income, and those payments shall
F require no reimbursements or adjustment of the accounts of
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~ the estate or of the shares that the beneficiaries shall be
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~ entitled to receive in income or principal.
~ C. To pay expenses that are reasonable in the judgment
of the Personal Representative for the delivery of gifts.
D. To pay any pledge to a charity made by me in
writing if in the judgment of the Personal Representative I ~
would want the pledge paid. ~
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i E. The distribution of a gift to a donee who is a ~
minor at the time of distribution shall be made to the
custodian for the minor under the Florida Gifts to Minors ;
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eJ,~ Davis, ftuss ~ Davis, P. ll.
=y~ 5 3 0 F~rEO 9 2 7 1?ttorneys and counsellors at t,aw
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