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HomeMy WebLinkAboutScan_0885 " 224 1. The Truetees in their oolleotive o8Jeoity. Bhall be deBignated. 80 far 8e pOBsi-: bIt and praotioable, 8e STJ~RD PRINT!N3 OOMPANY, end that they shell. so fer a8 pr8otioable. oonduot all busineee end exeoute 811 inBtrumente iu writing in performanoe Of their trusts. in that name. i 2. The ~rueteeB Bhall be five in number and ehall be oertlfioate holder. Their number mny be inoreased or dforeosed at any annual meeting of the share holdere. 3. Of the ~ru6teeB herein mentioned by nome. H. P. Williame. ond W. B. Tilton. Bhall hold of1ioe until the third annual meeting of the shareholdere; W. O. Tylandor and B. L. Prioe Bhell hold offioe until the seoond annual meeting of the share holders; R. R. Rioou shall hold offioe until the first annual m8.etlng of the shareholdersi exoept that soid Trus- teee, ae .ell as other ~ruetee8 hereinafter elected. sholl In all oaees hold offloe until their euccessors heve been eleoted and aocepted this trust. .. ~h.,: ehareholders shall. at e~ch annual meeting, elect one or more ~rnstees, ss the osse may be. to serve for the term of three yebrs next ensuing. 6. ~ht ~rusteee shall have authority to fill any vaoanoy in their Board for the un- expired term. 6. "h~eVer a~y Trustee ie elected end shall hove aooepted this trust. the tru~t estate is vested in him without any further aot of oonveyanoe. ARTICLE 11. 1. ~he Trustees shell hold the legal title to all pro~rty at any time included in the trust estate, and Baid property shall be held by the ~rustees ss joint tenants. and not 8S tenante in common, in.trust for the certiflo5te holders in the nroportion to their respective interests 8S represented by the oertif~oates of SChres. 2. The Trustees shall have absolute control. emanbgement ~nd disposal of ell the _T!' Trust estate. aod shbll otherwise hLve the abeolute oontrol and conduot of all its business. and shall. without further fiutcority from the shcreholdere, possess every power whioh they deem neoessary or proper to execute the purp08€S of the trust. 3. ~~ey shall assume all oon'reots for end obligutions and liabilities in conneo- tion with or growing out of the purohbse of the porperty aFei~ned to them by the ~ubBcriberB and tb the extent and value of snoh property. but not per~onaly, bod shall agree to hold the Subscribers. end any persons ti~60oi8ting with them, harmless and indemnified from end_ ageinst loss. costs. expenses or linbllity, upon end by recs~n of. or in conneotion with ~ny &uoh oontract. o~lig~tion or ll~bility. 4. They may adopt end use a common seali 6. rhey may contract with oompanies. oorporations or individuals in reEpect to 6ny matter relating to the operation of the businessl 6. rhey may collect, sue for, receive and rEoeipt for all sums of money at any time ooming to said t:l'"Usti 7. ~hey may employ oounoil to begin, pros~cure. defend or settle Eulte .~ law. in equity or otherwlsei a. ~tey may issue bonds, debentures. deeds. mortgages or other obligations from time to time for the purpose of the trust. and to secure the same by mortgage, deed or trust or otherwise; 9. rhat may make 10a8. and edvanoes of money upon open aooount 01 ~~Omi8sory notee. or other evidenoe of indebtedness. seoure or un~ured; 10. They may borrow money for the purnose inoidFntal to the proper ~nagement and oonduot ot the ta~8t. and may pledge the property of &Bid trust in euoh manner 6e ttey may :: . ~::~:;\ 'h~:':' ': . '. ';: ~ ? - -- ~ ~ ~.~1 j I I