|
• ._2_ •
<br />�
<br />;
<br />� E. This trust shall terminate when my ciaughter, Lauri
<br /> i - ' Ann Codner, �attains the ag,e of twenty-one years.
<br />�,
<br /> � F. Upon termiriation of. the trust, I direct my Trustee
<br /> to pay the balance remaining in tne trust as foilows:
<br />;
<br /> 1. T:�e first $10,000.00 to be raid to ny son, (
<br /> Steven Earl Codner and my daughter, Lauri Ann l
<br /> Codner, snare and share alike. i
<br /> f
<br /> 2. The balance to be distributed eo,ually arong my
<br /> daughters, Carolyn Loschen, iJarsha Cod;ier and
<br /> Lauri Ann Codner and my son, Steven L-arl Codner.
<br /> G. I£ any of my children above named die befoxe becoming
<br /> entitled to the corpus of said trust leaving issue �
<br /> surviving, then upon termination of the trust said
<br /> child's share shall be divzded equally and shall vest ;
<br /> in his or her surviving issue by right af representation. .
<br /> Should any of my children die without issue, I direct
<br /> t�at said child`s share shall be divided equally among ,
<br /> the remazning children at the time of the distribution
<br /> of the trust.
<br /> . �• �
<br /> �
<br /> �!y Trustee shall ha.ve the following powers in addition to those: �
<br /> � vested elsewhere in this instrument or by law: �f
<br /> I
<br /> i 'A. To retain as an investment, wzthout liability by reason !
<br /> ' � of_ such retention, all securities and other property owned �
<br /> ' by me during my li£etime, or in his discretion to dispose
<br /> of all or any thereof, and in that event to invest, reinvest, I _
<br /> and keep invested the proceeds in such common and preferred �
<br /> stocks, debentures, bonds, and other securities and property, I
<br /> including znterests in real estate, as the Trustee snall deem I
<br /> f_or t:�e best interests of tne trust; without being limited
<br /> to legal investments for trustees. �
<br /> B. To manage, sell, contract to sell, grant options to purchase,
<br /> , convey, exchange, transfer, a'oandon, improve, repair, insure, I
<br /> lease for any term even though ccrrunzncing in the future or � .
<br /> extending beyond the term of the trust, and otherwise to deal '
<br /> with all property, real or personai, in such manner, for such �
<br /> considerations, and on such terms and conditions as the �
<br /> Trustee shall decide, and all without order or Iicense of i
<br /> ; any court being rec{uired. !
<br /> �
<br /> C.� To compromise, contest, arbitrate, or abandon claims and �
<br /> demands all 'in his discretion. I
<br /> D. To have witii respect to tne trust property a.11 rights of ,
<br /> a:� individual owner, including the powex to �ive proxies�
<br /> to participate in voting mergers, trusts, consolidations, fore-
<br /> closures, reorganizations and liquidations, and to exercise
<br /> or sell stock subscription or conversion rights, !
<br /> i
<br /> E. To hold securities or other pro��erty in the name o£ the �
<br /> Trustee ox his nominee, with or without disclosing to tnird �
<br /> persons the trust relatio�iship. . i
<br /> I
<br /> F. To employ agents and counsel wnen the Trustee deems it I
<br /> - necessary and to pay them reasonable compensati,on. ,
<br /> G. To decide how and ,in what proportions recei;lts and dis-
<br /> , I � bursemerxts of all kinds shall be credited, charged, or
<br /> , , I apportioned as bettiveen income and principal. i
<br /> i
<br /> � H. To divide or distribute property in cash or wholly or paxtly �
<br /> , in kind, at such valuations as the Trustee considers fair,
<br /> and to sell property for. the purpose of making division or
<br /> � ' � ,,
<br /> CI7.$4X1��1.1C3(tiA �,
<br /> , , _�� , . � i� �. -r 1>>,:�.
<br /> �
<br />
|