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HomeMy WebLinkAboutScan_2144 I;) :.:l.6 .. .1~ ) Ill. ~ ~ . -.. 11. The ~ru8tee aooepts the trusts hereby oreated. subJeot. however. to the following oQnditione: (a) ~he Truetee ah~ll not be Tequired to inquire into the v8lidit~ or genuineness of eny noteP. oontraots, or bonds deposited with it hlJreunder. nor of any real estate selling prloe list, or certlflonte stcting the Felling prioe of (.ny r8.f!l . estate furnished to it by the Company or any of its officers; (b) ~he ~rustee shall be entitled to reasonable oompensation for its Bery.~~ 1005, end expenseL, ir.olu:ting attorney's fees. in the performanoe of its duties hert'..under.,_ . all of \~hich tt.e "ompan~' oovenants and agrees to pay; if at any time the Slime 18 not paid promptly upon request the ~ru6tee mcy deduct and retain. aa its own, sUffioi~nt of e~v f) . of the funds comln!; into its hl<nds hercu....lder to oover the some; (c) ~e :;"rustee shell not be lIable 101' the exerc iSIJ of ~.ny dlscretion or power herolUlder, or mistr:l:es, or errors OJ:' juagnent or o'..herwlf'e, in connection with this trust, exoopt for thOt~ of wiliu1ness or ~~OES ne~ligenoei (d) ~he ~ruBtee stell be proteoted in aoting u,pon eny opinion 01 It:w of coun- sel of the Company, ar.d olso of cOlUlael selected by the ~rustee. with res'~ct to its power k i Utl 1'9we~ 01' duties hereun"er. end Llso, in actin;; on ony notice, oErti1ice te, reqtest. direot~or other docu'-:lent believed by it to be genuine, nnd t,o be pllssod or s.i~ned , by the proper party. IIhenever the '..'rllstee is authn'ized to act UlJon the Ol"ler of the l . :::ompany. it wwll be protected in ectin:~ as it rrL:: be directed by an:l two of the f'0110w1ng officers of the Company; President ::.ecretnry ] ViCE -Pre sident '~'reli surer (0) ~he ~ruatee L~Y resi~ at cny time, on thirty days ~ritten notice to the Company. o.r 0n like notice 1'rom the UO!!lpany it shlill cease to hl1':c 8utho:,..ity to cct , hereunder. -.menever t}-,e duties of the .1rustee ceaee r.ercu!1der, it shol). !lror.tptly turn over to its auoceC80r~, to be ueaignnted by the ~omp8nJ' 811 ~undE, docmnents, pa~er6, 8n:1 generally ell property 0:;" the truBt in its h.nds and execute, aci::no\11edf"e. an.: de- liver all such deeds, inr,tr1.tilents t:nd oonve;;ances, anJ. do all au.ch acts end thln€s as ma~l be reasonub1y required, end as tl.e cirownstances will \7arrl:nt on the endlng ot. ita du- ties hereunder. " ( f) The ~ru6tee wlsl1 not be required to surrender its own record of the said t!'Ust, but ahl;ll , it' requested, permit the l.io:npany, to na~:e copies 01 lOne B6me, at any reasonable time, and the Company may at el1~~~e have eocesa to seid original records. . - : and euoh neoessary tel!I])orery use thoro:;. OB w ill not interfere wi th the permanent pret:er- . . vation of the ~rustee's recorda. ,t (g) ,/hen revenue stamps are required on ony deed to be deliver!'d by the ; ~ruBt6e, the 88100 Ehall be p6id for by the I.:ompony. (h) In oase the ~rustee is conaolidated 1111 th, or emorged into any otj~er . J.ruBt Com!'eny. such trust oompany, with which the trustee is consolidated or in-,o which it . is emerged, ehall immediately become ipso fLoto the ~rustee her~und9r. III i'1I 'illBSS Hln:~n:Oi'. The Indian Hiver Company, and the 4irut Ilational Bank. ,. Ii i ; of ! exeouted this agree~mt in du"liocte as of the dty and ~ lliilIAU RIVER CO;.tpAUY By C.A.::.herry Vioe President (~enlj 13 i . : ~j : c'.- ':~~> ~ ,~" '.~,~i~~/",' ~,.":-; ~~. _' t _ :~:: ~.. ~ .. ~ .: t.. -...; ~ J_ _ ~. "- . _ . . -. - ~ - ~ ~ ~ -- " - ~"L!, -..#.. '. ~ . . . ~ -. -. :-. . . . ~<:. .''-.~-:~ )