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� ` • O11 !��7 � � � � � � LAST �aILL AND TESTAD�IsNT OF CLARLNCE MARTIN BtTETTNER - Page Five any part or parts of the propert� constitutin� the trust estate, upon ' such terms and under� such conditions as it, in its sole and absoluLe � �udgment, may deem advisable. The trustee shall be under no restr3.c- - tions whatever in investing the proper�y held in trust, . either caith respect to the kind, character, productivity, or diversificat3.on of investments, and in no event shall it be under any obli�ation to keep the trust estate invested iri'the type of property designated by law or custom as le�al for the investment of trust funds. Y7ithout ' limiting the generality of the powe.rs herein or by law conferred up- on it, but as examples thereof and additions thereto, the trustee is empoVrered to: ��'�' � � .(1) Retain as' a' part of the trust estate any real or personal property owned by me at the time of my death (in- cluding stock in or other securities issued by the trustee) or acquir . by �he trustee from any source, so lon� as it deems such retention ad visable, regardless of whether such property is of the kind designate by la�•r or custom as le�al for the investment of trust funds and even though the r.etention thereof results in a lack of diversification; take title to any property, real or personal, or cause securities or other property to be registered, in its name as trustee hereunder, or in its orrm name, or in the name of a nominee without disclosing the - trust, or in the case of securit�es to talce and keep them unregistere and in such condition that they will pass by delivery; detei°mine in . such manner as it deems just all questions of trust accountin� V:hich appear to it to be doubtful, including but not limited to the allo- ca�ion to or apportionmen� betvreen principal and income of all money and other property at any time received or disbursed by it; .charge reasonable fees from time to time for its ordinary and extraordinary services as �rustee; (2) Allocate any particular property or an un- divided interest therein to any distributee of any part of the trust estate, make distributions of principal or income, or both, either in cash or in any other property of equal value, or partly in cash . and partly in such other property, �nd determine iviLhout formal ap- praisal the value or values of property so allocated or distributed; dis�ribute principal direct to any minor beneficiary, or to the natural guardian of such minor, or to any person or persons having custody of such minor or vrith whom such minor may be residing, or use or app_ly such principal directly for the benefit of such minor, if the trustee in its sole and absolute discreLion deems any of said methods of distribution advisable, and upon procuring the receipt of such minor or of any other person to vrhom distribution is made as aforesaid the trustee shall be fully dischar�ed and released from al liability with respect to the property so distributed; (3) Vote in person or by proxy (general or spe- cial) a11 shares of stock and other securities at any time held by i hereunder; become a party to votin� trust agreements; participate in any merger, consolidation, reor�anization, recapitalization, fi- nancin�, refinancin� or liqu:idation of any corporation, association or otl�er or�anizat;ion of �rlhich i.t holds shares, obligations or � other securiLies; exercise any conversion or subscription rights per taining to �ny stocics, bonds or other securities held hcreunder; . , . . . ��3 . . , . .