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HomeMy WebLinkAboutScan_2251 '--l'~~~7"7:~~_~~",r'"""'~'~~~~T" .'. I I I I . , IU t, I' . - . ~, .' " .~".~ t\ " "5'rlt" . 1'O'lrAVI,!.'fX) !rO KOt,J)th, 8t\l111o.nto ,the 'a_1d parti,aof 1;11, uoOnd part, their 'iuoo8lSsor.-~nda8'i8.nll fOX'$vei". u~on atlclaul)Jeo1; to th,e~ 'to'l1ow1JiS trusts, )Owus and dUti08: (a): !l'o oare,for, prot~ot andtakealld ,h'o14 pOlsesa!on ot aa14 lands and timber th~X'eon. and to pay the t&)tell and al1.neOe~Bary oostBot the,~' managomeQt, prot'eo~ion, ~ai.e 01' 'dlapost1on of said land8, and timber. 8,1 thn orbo,tb. in whole or . ' , ,j, . . , ' in pa~t, lnoludlng the ooat8. ohargee. 801io1tori i.e. and expensea o.f thIs prooeed'1ng., , (b) To have' the 801e ouatOdt, care. oo~trol and manage~ent ot said lands I ,"',,"', ' " ", ! aM. t1mberthereon and fUll powerto.tttle; oolleot and PflY. all olaims for. &8aln8t I' orclnG ,on aooount of sald liu\dqand the timber thereon. ' ! I I I i ! I , , oonve;v' or diapoaeot sa1dland,8 and timber. either or both. and any interst or estate 1 (0) To have the power in their own d1aoretion, without theapPlloval, oonsent. or author! t1 ot the, benetioiartel ot said trust or ot the partieq to this , .., , Buit. ,or' said oestui8 quc{ trust ,or 'their leg61' representatives. asslgltsor auocess- - .- ~. - . or81ntrust.and'1Y1thout anyorcler of oourt or 3ndiolnl authority to sell, exohange. ,- ~ .. the~dnat ,suoh ,prlce and upon,auoh terms E!itherfor oash 'or on oredU, in whole or ',1D ~rt~ as ~'be appr~'Ved l?yaaid trus'tees. and to oolleot and reoeipt and give eatisfaot10ns :tor the .prooeecls otaU and e'Very sale or disposition of oald lan(1s and timber, ~itber or both. and to full, aoquit' the purohaser or purohasers thereof. (d), To 40811 things neoessa~y and pr~per ,tor the oare. .anagement, admini8tratlon~ oonduot. presetvationand applioation otsald trusts and the lands~ , , timber &nd property thereof. inoluding the Instltutlon. ~r08eoution. oonduot and deten~e of QD7&otions at law or inequIty. neoessary or proper to suoh ends or any ot them. I I , ! , ; i i i i I I I I I ! ' I I I i j I '-/' t I I I I I I 'I' - . ~ (I) After the payment of all taxes. oommlssions. oharges, so11citors tee.. and expenees ot or In oonneotion with the management. ownership. sale or other ',d1epolUon of said trust property and of these prooeedings to dIVide the net prooeeds f'rom euohsale or dispoeition of said lands or timber. either or bUh. as aforesaid. 1'rObl time to ,time as and when ~de among. suoh shareholders or partiolpantsln said trultpro rata w1ththe interest ofeaoh suohbenefioiary or oestui que trust in said l~ds atl herein found and deoreed., and that' upon suoh sale or dispostion ot said lands! or timber or6D7 parttbereof or of any rIght, title, interest or estate therein the , ., pu.rohaser or: grantee 'th'ereo:t8hall no'l be iequtred to see to or' Inquire into the - :-';' -',-: ,. -;-. , .. . appHoatlonofthe purohase mOneyot oonaideration therior by aaid )ruatee9. but said purohaser or grantee. shall be~ully discharged fro~ any olaim ot or by said beneflo- ia1i8sor oe8~ui8 que trust and the.parties to said suit, their legBlrepresentatlvea " an~ assigns, a.. atorea8idon aooount Of the1rintereat therein by the payment of the purohase bloney or,oonsideration to saId trustees, ,J (f) A maJor1 ty ot said trulJtees are hereby' authQrized toexeoute all .' . ot the powers and 4utiesot 8aldt~ee trustees wIth the same and 1ike e1:teot as all I I I I i ,an4' IIlt!.e 0# aa1dtr~te~,.tothe J!leItl1e 8xten\ 'and, wi th like effeot as all of said I " .,"., , " '" ..'" " , ,',..,' t tt~,'te!,8, ,re hQreln' ~1reJ'.d' ~o.,:'.O~OJldO. and '$ai,~ reu.,aln1ng ttu..tee !>'r trustee~: I " . I ",;.:;~::.f:O::::: ~Q:!::t:i~:':~~::k"Y~::;:;{Y::;1::8~;:~{.~::t::: ",Cr"" 1 , ,oteaidtru8tees ar~'hereb1 empowered to aot Or ,dOl and that if 8.D7 of saldthhe ' ., " -. ,-'. ,,", .' '- -' ", '- ' ,-- <, -; -tr~tee.. sha11 die 01' res1su the aUYiving'trus\ee or trustees. 01' the truett.eor .;. - - -. ..'~' . . ~ -" ~U8t...exi8tlng at that time1 are here'b1 authorized to exeioiee all of the powers