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V11-11 A-AD DEVISS ld"SUDEW <br />-3TATE JOURNAL COMPANY, LINCOLN. NEB.. <br />i <br />shall have full discretion and power with reference to the manner of voting the same,as i <br />though it were the holder of such stock in its own right,but it shall not be personally re- <br />sponsible for the management of the business of any corporation by or through the directors I <br />or officers elected or chosen pursuant to an vote case b the Trustee or its proxy on an <br />P Y Y P Y Y <br />stock held by it under this trust. It is given full power and authority to avail itself in 148 <br />I <br />discretion of any bond or stock subscription privileges which may at any time gocrue to it a <br />the holder or owner of any stock or securities of any corporation,and is authorized in its <br />discretion to unite with other owners of property or securities similar to any held by it inl <br />i <br />this trust in carrying out any plan for the reorganization of any corporation whose stock <br />or securities form a portion or may form a protion of the said estate,and to exchange the sl <br />or securities of any corporation for others issued by the same or by any other corporation <br />upon such terms as the Trustee may deem proper,and to assent to the consolidation or merger <br />of any corporation or to any lease or sale by such corporation of its property or any part <br />thereof to any other oorporation,and generally,to exercise with respect to all stock or <br />securities held by it all of the rights and powers which might be lawfully exercised by <br />persons owning similar property in their own right. <br />(10) :From the income of said estate,said Trustee shall pay or retain all the necessary costs <br />Gock <br />and expenses of the said trust,including any otILlays necessary for the protection,managemenj and <br />up —keep of the said estate,repairs,taxes and all expenses necessary for the care and mainten*nce <br />of the said estate and the reasonable compensation of the said Trustee. It shall be allowed Jo <br />employ such agents and attorneys as are reasonably necessary in managing and protecting the <br />said estate,and to pay them proper compensation therefor. <br />PAGE FOUR. William Kearney (SEAL) <br />(11) :It is my desire that all inheritance and other taxes on the distribmtive shares of or <br />interest in my estate or the income therefrom levied under the laws of any state or of the U4 ited <br />;E <br />States,or of any foreign country or subdivision thereof,now existing,or which may hereafter <br />come into effect,shall be paid by my Executor hereinafter named out of the principal of my <br />estate,and said Executor shall be allowed to charge such payments as part of the expenses of <br />the administration of my estate,provided such taxes may be ascertained or paid by my Executor <br />during the period of the administration of my estate. All such inheritance taxes shall,if <br />possible,be ascertained immediately after my death,and I hereby direct that if the persons <br />who are then authorized by law to levy such tax or taxes shall determine that the respective <br />rights and interests created by this will are presently subject to the payment of such taxes <br />and shall fix or levy the same accordingly,then my Executor may pay the same as levied witholt <br />i!. <br />questioning the propriety of such determination and levy as to amount and otherwise,and such. <br />ii <br />payments thereof shall be binding and conclusive upon all legatees and beneficiaries under t4is <br />will and upon all persons who may at any time be interested in the trust estate above provid4d for. <br />(12); The interests of the beneficiaries in the trust estates and the income therefrom shall;';, <br />in no case vest until such beneficiaries shall become entitled to receive and demand absolutely <br />and forthwith the principal of such trust estates,ana such beneficiariees shall have no control <br />whatsoever over or interest in the trust estates or the income therefrom,and the income is to be <br />paid and distributed as hereiribefore provided,and such payments and distribution are to be mde <br />only upon the proper personal receipts of the beneficiaries named,or their guardian,and they <br />shall have no right or authority to assign or anticipate any income or allowance which they <br />may receive or expect to receive under the provisions of this will,and the respective interests <br />of the beneficiaries shall not be liable in any <br />PAGE FIVE. William Kearney (SEAL) <br />�k <br />