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HomeMy WebLinkAbout1731 C. Income received after the last income payment date and undistributed at the termination of any estate or interest shall, together ~ vith any accrued income, be paid by [he Trustees as income to the persons entitled to the next successive interest in the proport~ons in vhich they take that interest. D. For convenience of administration or investment, the Trustees may hold the aeveral truste as a common fund, dividing the income proportionately among them, assign undivided interests to the several trusts, and make jaint investments of the funds belonging to them. The Trustees may consolidate any separate truat with any o[her trust ~,rith similar provisions for the same beneficiary or beneficiaries. E. No truet created hereby, or by exerciae of a power of appointment hereunder, shall continue for more than Twenty-one (21) years after the death of the last to die of myself and the beneficiaries in being at my death. Any property stil~ held in trust at the expiration of that period shall immediately be distributed to the persons then entitled to receive or have the benefit of the income therefrom in the proportions in whicti they are entitled thereto, or if their interests are indefinite, then in equal shares. ~ ~ F. Any Trustee may resign at any time by written notice to each ~ beneficiary then entitled to receive or have the benefit of the income from ~ the trust. In case of the resignation, refusal or inability to act of any ~ ~ Trustee acting or appointed to act hereunder, the beneficiary or a majority ~ in interest of the beneficiaries then en[itled to receive or have the [ ~ benefit of the income from the trust, may appoint a successor Trustee. ~ ~ery successor Trustee shall have all the powers given the ~ originally named Trustees. No successor Trustee ahall be personally liable ~ ~ for any act or omission of any predecessor. With approval of the ~ ` beneficiary or a ma~ority in interest of the beneficiariea then entitled to ~ ~ receive or have the benefit of the income from the trust, a aucceasor Trustee may accept the account rendered and the property received as a full and complete discharge to the predecessor Truatee or Trustee~;:without ~ ' ni ~yj~ite!%i; . X+ ,j';~\L ~ ~~J ~~.Y 11 N"i' t: ~~j• % f ' . : incurring any liability for so doing. f:~,~;s~~e~;~.:~~._„ ~ ? . F 7 .ti.~ ~ _ 'i t w ''`J z ~ ~f_~s: _ ~ ~ ~ ~~~~g' . . , ~ ~ J05EPHINE K. TAYLOR :~~~~';r''~:` f-'': ~ j , ' f"- F;'~': ~'.~r'U • I ~s. -,s~ i ~ ..h:•;'if~';~rr ~~1;~ t,, BOOK ! ~ f ' ,A('jF~1~M(}~`~'~~~~, 6 l , .r:~i , - E~: `Y 675 ~;,:_173~ 1 : - - - - . - ~ .,~.c_~r~..~.u_.~~~K~~s. ~ ~_x...~Lrx~_r,~~ ~