� , '.
<br /> a� � '`�=�
<br /> � ;;��
<br />�� �, _. ;_ � �
<br />�
<br /> z
<br /> ; � r �
<br /> ;
<br /> 7� � OOO 11 � THL TFUST SHALL
<br /> ' Have aui.hority to provide itself with operating funds thr•ough commercial loans ; directiy
<br /> secured by assets or income ofi TH[ TItUST , prrovided 511CI1 authority is possessed , in writ -
<br /> � ing , from tlre Qoard of Trustees of TNIS 7RUST .
<br /> >;� LIA6ILITIES
<br /> ; , -
<br /> The Trustees shall , in the capacity of 7rustees and not indibidually , assume or incui•
<br /> only such liability as may attach to Said 7RUST property assets . 7his Trustee liability
<br /> ` � shall not in an.y manner jeopardize their individual or personal holdinys and for any
<br /> losses they should suffer for any reason through services , they shall be reimbursed from
<br /> TRUST PROPERT\' to the same extent as would non - interested persons .
<br /> 4i. �'. . . . . . . . .
<br /> naTic�
<br /> ; ;
<br /> ;` j' Notice is hereby given to alt persons , companies or corporations extending credit to ,
<br /> - contracting with , or haviny claims against tHIS TRUST , that they must look only to the
<br /> ' funds and property of The Trust for payment or fu�- settlement of any debt , tor•t , damai�e ;
<br /> a:; s judgment or decree , or for any indebtedness which may become payable hereunder ; that
<br /> The Trustees , are NOT personally liable titi�hen dealin9 with The Tr`ust properties or matCers .
<br /> , `
<br /> DOCUbtENT
<br /> '; `. _
<br /> `; ;
<br /> � ' Ii; is expressly declared that a Trust , and not a partnership , is he��eby created ; and that
<br /> neither The Trustees , officers , or certificate holders , preseilt or future , have or possess
<br /> any beneficial interest in the property or assets of Said Trust , nor shall they be person -
<br /> �' ` ally liable he�•eunder , as partners or othet�vise ; that no Trustee shall be liable for the
<br /> ` act or omission of a Co - 11�ustee , or any other person , �,�hatsoever , �vhether employed by such
<br /> '' Trustee or not , or for anything other than his own , persflnal breach of Trust .
<br /> �; ' CCRTIFICATES 0� DENEFICIAL INTEREST
<br /> � ::
<br /> �
<br /> r 7he t3eneficial Interests , as a convenience , for distribution are divided iiito �ne Nundred
<br /> ( 100 ) Units , substantially in the certificate form hereto attached . They are non - assessable .
<br /> � '' non - taxable ( under the provisions of 5ection 1002 of internal Re��enue Co�ie ) , non -neyotiabie
<br /> but ti•ansferable ; and the latvful possessor thereof shall be constiv ed the t�•ue and lawful
<br /> ' owner thereof . The lawful owner ma.y , if he so desires , cause his L�eneficial Certificate
<br /> to be registered with the 5ecretairy of the Trust .
<br /> r
<br /> - DFATH - INSOLVENCY - [tANKRUPTCY
<br /> � Death , insnlvency or bankruptcy of any cei-tificate holder , or the transfer of his certificate
<br /> by yift , devise or descent , shall not ope��ate as a dissolution of THIS TRUST , or in any
<br /> manner affect The Trust or its operation or mode of business . U�vnership of a benefi �; ial
<br /> certificate shall noC entitle the fiolder to any leyal title in or to The 7rust property ,
<br /> � nor any undivided intei�est therein , nor in the management thereof ; noi� sl�all the death of
<br /> ' a holdei• entitie his heirs oi� leyal representatives to demand any pai• tition of division
<br /> of the property of The Trust , nor any speciai accountiny ; but said successor may succeed
<br /> ;
<br /> i� ''�:
<br /> : .
<br /> : � �
<br /> �:
<br />�� ,.
<br /> �
<br />�
<br /> u��
<br /> �-�. �_ __�
<br /> �
<br /> �
<br />
|