|
49
<br />Trustee may deem advisable.
<br />To invest principal, and income if accumulated., in such securities and properties as the Trustee
<br />may deem advisable, whether or not authorized by law for the investment of trust funds.
<br />To hold securities or other property in the name of the Trustee.
<br />To advance funds to this trust for any trust purposes, such advances with interest at current
<br />rates, to be a. first lien on and to be repaid out of principal or income; to reimburse himself from
<br />principal or income for any loss or expense incurred by reason of his ownership or holding of any
<br />and retransferring to the Trustee subject thereto; such transfer and retransfer in no way to sus-
<br />pend or impair this trust.
<br />To have respecting securities all the rights, pourers, and privileges of an owner, including,
<br />without limiting the foregoing, the power to give proxies, pay calls, assessments, and other sums
<br />deemed by tide Trustee necessary for the protection of the trust estate; to participate in voting
<br />trusts, pooling agreements, foreclosures, reorganizations, consolidations, mergers and liquidations,
<br />and in connection therewith to deposit securities with and transfer title to any protective or
<br />other committee under such terms as the Trustee may deem advisable; to exercise or sell stock
<br />subscription or conversion rights; regardless of any limitations elsewhere in this Instrument
<br />relative to investments by the Trustee, to accent and retain as an investment hereunder any se-
<br />curities received through the exercise of any of the foregoing powers.
<br />Upon any division or partial or final distribution of the trust estate, to partition, allot,
<br />and distribute the trust estate in undivided interests or in kind, or partly in money and partly
<br />in kind, at such valuation and according to such method or procedure as the Trustee may determine,
<br />and to sell such property as the Trustee may deem necessary to make such division or distribution.
<br />To budget the estimated annual income in order to equalize, so far as practicable, periodical
<br />income payments to beneficiaries.
<br />To determine in his discretion what is principal or income of the trust estate, and what items
<br />shall be charged or credited to either.
<br />All discretions conferred upon the Trustee shall, unless specifically limited, be absolute and
<br />their exercise conclusive on all persons interested in this trust. The enumeration of certain
<br />powers of the Trustee shall not limit his general powers, the Trustee being hereby vested with and
<br />having as
<br />property in this trust.
<br />trust estate, and
<br />in
<br />the
<br />To borrow money for any trust purpose upon
<br />:such terms n.nd conditions as may
<br />be determined by
<br />which
<br />the Trustee, acid to obligate the trust estate
<br />estate or any part thereof by mortgage, deed of
<br />for tie repayment thereof; to encumber the trust
<br />trust, or otherwise; to transfer
<br />the
<br />same property
<br />pledge
<br />property
<br />to such person as he shall select for the purpose
<br />of effecting any encumbrance,
<br />including leases,
<br />and retransferring to the Trustee subject thereto; such transfer and retransfer in no way to sus-
<br />pend or impair this trust.
<br />To have respecting securities all the rights, pourers, and privileges of an owner, including,
<br />without limiting the foregoing, the power to give proxies, pay calls, assessments, and other sums
<br />deemed by tide Trustee necessary for the protection of the trust estate; to participate in voting
<br />trusts, pooling agreements, foreclosures, reorganizations, consolidations, mergers and liquidations,
<br />and in connection therewith to deposit securities with and transfer title to any protective or
<br />other committee under such terms as the Trustee may deem advisable; to exercise or sell stock
<br />subscription or conversion rights; regardless of any limitations elsewhere in this Instrument
<br />relative to investments by the Trustee, to accent and retain as an investment hereunder any se-
<br />curities received through the exercise of any of the foregoing powers.
<br />Upon any division or partial or final distribution of the trust estate, to partition, allot,
<br />and distribute the trust estate in undivided interests or in kind, or partly in money and partly
<br />in kind, at such valuation and according to such method or procedure as the Trustee may determine,
<br />and to sell such property as the Trustee may deem necessary to make such division or distribution.
<br />To budget the estimated annual income in order to equalize, so far as practicable, periodical
<br />income payments to beneficiaries.
<br />To determine in his discretion what is principal or income of the trust estate, and what items
<br />shall be charged or credited to either.
<br />All discretions conferred upon the Trustee shall, unless specifically limited, be absolute and
<br />their exercise conclusive on all persons interested in this trust. The enumeration of certain
<br />powers of the Trustee shall not limit his general powers, the Trustee being hereby vested with and
<br />having as
<br />to the
<br />trust estate, and
<br />in
<br />the
<br />execution of
<br />this trust all the rights, powers, and
<br />privileges
<br />which
<br />an absolute owner
<br />of
<br />the
<br />same property
<br />would have.
<br />I direct that my Trustee shall from time to time expend such sums of money as may be reasonably
<br />necessary in his discretion to care for the graves of my father, Frank J.Shewalter, and the other
<br />relatives buried on the lot with him at Triplett, Missouri.
<br />I direct that my Trustee shall Day and distribute the net income from the trust estate at
<br />monthly or quarterly or such other intervals as my Trustee may in his discretion determine to be
<br />for the best interests of the estate as follows:
<br />To my sisters, GRACE SHEWALTER and RUTH THOMPSON, such amounts as may be available for dis-
<br />tribution up to the sum of $150.00 per month, each. After there shall have been paid to my said
<br />sisters the sum of $150.00 per month each, I direct that my Trustee shall then pay, in equal
<br />shares, from any net income remaining, such amounts as may be available, to my sister, LUDA CRAWFORD,
<br />and my brother, FRANK J.SHEWALTER , up to $100.00 per month each. If the net income from said
<br />trust estate exceeds the sum of $500.00 per month, I direct to at the excess be paid, in equal shares,
<br />
|