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Lie IL <br />7HEAUGUSTINECO. 20112.2.41, <br />2. To manage, control, sell, convey, exchange, partition, divide,Aimprove or repair any or all property <br />of the trust estate. <br />3.To lease the trust estate,or any part thereof,for terms within or extending beyond the duration <br />of this trust,and to grant for like terms,the right to mine or drill for and remove therefrom gas, <br />oil or other minerals;to create restrictions,easements or other servitudes thereof. <br />George Tuttle Wilson. <br />4. To allot, partition and <br />method or as the <br />distribute-the-truest estate at such valuations and <br />Trustees may determine upon whenever such act shall <br />according to such <br />be required or ad- <br />procedure <br />visable, and to do so in kind <br />or partly in kind and partly in money, according <br />to its valuation <br />thereof; upon termination <br />of this trust and in aid of and incidental to distribution <br />hereunder, forth- <br />with to sell such property <br />as in the Trustees' discretion may be necessary in <br />order to make or equal- <br />ize distributions. <br />5. To determine, in their discretion, what is principal of the trust estate, gross income or net <br />distributable income therefrom; except that all bonuses, royalties and recoveries from mines, gas <br />or oil leases or wells, all stock dividends and proceeds of sale of stock rights and all cash divi- <br />dends and proceeds of sale of stock rights and all cash dividends (other than liquidating dividends <br />stated in mriting to be such by the corporation paying the same or proved to the satisfaction of the <br />Trustees to be such by the corporation payin the same or proved to the satisfaction of the Trustees <br />to be such prior to its disbursement thereo f shall go to income, and all gain or loss which shall <br />result from paymentp retirement or sale of stocks, notes, bonds or other securities or 'on foreclo- <br />sure or other realization upon mortgages and trust deeds, shall inure to or fall upon principal of <br />the trust estate. The net income from real property acquired by the Trustees on, or by acceptance of <br />conveyance in lieu of, forecl6sure shall go to income of the trust estate. Brokers' or other com- <br />missions and expenses on purchase or sale of trust property shall be charged against principal. <br />6. To have respecting bonds, shares of stock and other securities all the rights, powers and <br />privileges of an owner, including, though without limiting the foregoing, voting, giving of proxies, <br />payment of calls, assessments and other sums deemed by the Trustees expedient for the protection of <br />the interests of the trust estate, participating in voting trusts, pooling agreements, assenting to <br />corporate sales, <br />George Tuttle Wilson 9• <br />leases and encumbrances, regardless of limitations, if any, elsewhere in this instrument relative <br />to investments by the Trustees, selling or exercising stock subscription or conversion rights, par- <br />ticipating in foreclosures, reorganizations, consolidations, mergers and liquidations; and in con- <br />nection with any such proceedings, to deposit securities with any protective or other committee under <br />such terms respecting the deposit thereof as the Trustees may approve. <br />(f) Until the Trustees shall receive from some person interested in this trust written notice of any <br />death, birth, marriage or other event upon which the right to income or principal of the trust estate <br />may depend, the Trustees shall not be liable to any person for disbursements made in good faith to <br />ersons whose interests shall have been affected by such event. <br />g) The Trustees may make payments of any income or principal payable to or applicable to the rose <br />of any minor beneficiary by making such payments either to the parent or guardian of the person of <br />such minor or directly to such minor. <br />(h) The Trustees shall pay out of the principal and /or gross income of the trust estate, as in the <br />exercise of their discretion they may deem advisable or equitable, all property and /or income taxes, <br />general and special assessments, and all costs, charges, attorney's fees, expenses and liabilities of <br />dvery kind expended or incurred in the collection, care, holding, administration, protection or <br />distribution of the trust estate, for the payment of which the trust estate or the Trustees may <br />become chargeable, including the protection of this trust and its defense against legal attach, and <br />also including a compensation for the Trustees' services as herein provided. <br />TENTH: Each beneficiary of any trust hereunder is hereby prohibited from anticipating, encumbering, <br />assigning or in any other manner alienating his or her interest in either principal, or income, and <br />is without power so to do, nor shall such interest be subject to his or her liabilities or obligations, <br />nor to attachment, execution or othe legal process, bankruptcy proceedings or claims of creditors <br />or c <teers. The Trustees may, however, deposit in any bank designated by a beneficiary, to <br />George Tuttle 'Nilson. <br />10. <br />his or her credit, income and /or principal payable to such beneficiary. <br />ELEVENTH: I have, except as otherwise in this Will specified, intentionally and with full know - <br />edge omitted to provide for my heirs living at the time of my decease. <br />T14ELFTH: If any devisee, legatee or beneficiary, or any other person who would be entitled to <br />side nin my estate through intestate succession, shall in any manner whatsoever, directly or in- <br />directly contest this Will or attack, oppose of in any manner seek to impair or invalidate any <br />provision hereof, or shall in any manner whatsoever conspire or cooperate with any person or persons <br />attempting to do any of the acts or things aforesaid, or shall acquiesce in or fail. to oppose such <br />proceedings, then in each of thw above mentioned cases, I hereby bequeath to such person or persons <br />the sum of One Dollar ($1.00) only, and all other bequests, devises and interests in this Will given <br />to such person or persons shall be forfeited and shall be distributed pro rata among such of my <br />devisees, legatees and beneficiaries as phall not in any manner have participated in, and as shall <br />have opposed such acts or proceedings. If all my devisees;, legatees and beneficiaries shall <br />participate in or fail to oppose such proceedings, I give, devise and bequeath the whole of my <br />estate to my heirs -at -law, according to the laws of succession of the State of California then in <br />force, excluding all contestants and said devisees, legatees and beneficiaries and their successors <br />in interest. <br />THIRTEENTH: In the event that any provision or provisions of this Will is or are adjudged to be for <br />any reason unenforceable, I direct that, disregarding such, the remaining provisions hereof shall <br />subsist and be carried into effect. <br />George Tuttle Wilson. <br />IN WITNESS TAIHEREOF, I have hereunto set my hand this 19th day of March, 1937, at Los Angeles, <br />California. <br />GEORGE TUTTLE WILSON <br />