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82003360
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Last modified
3/10/2009 9:45:04 AM
Creation date
2/28/2009 4:37:41 AM
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DEEDS
Inst Number
82003360
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<br /> <br /> <br />Organization, nor shal'~ they be personally liable hereunder, as <br />partners or otherwise; that. no Trustee shall be liable -for the' <br />act or omission of his or her Co-Trustee, or any: other person, <br />whatsoever, whether employed by such Trustee or noC, or for any- <br />thing other that his own personal breach of Trust. The Pure Trust <br />Organization shall own both legal and equitable title to all <br />property .that it has acquired, both tangible. and/or intangible'; <br />and both real and personal. <br />21. THE PURE TRUST ORGAL~IZATION'sha11 be operated for distribu- <br />tionpurposes only, and nit for profit. <br />22. FOR CONVETIIEI~CE the Trust Certificate used for distribution <br />shall be divided into One Hundred units:; They shall be non-assess- <br />able, non-taxable. and non-negotiable and the 'l awful possessor <br />thereof shall be construed as the true and lawful owner thereof. <br />The Certificate Holders will hold the units as tenants in common. <br />23. DEATH, INSOLVENCY OR BAI4KRUPTCY of any certificate holder, <br />or the transfer of ths,cer ificate by gift, devise or descent, <br />shall not operate as a dissolution of this Trust Organization, <br />or in any manner-'affect the 'Trust Arganization or its operation <br />or mode of business. Ownership af-certificate shall not entitle <br />the holder to any legal title or equitab e title in or to the <br />Trust Grganization property, nor .any undivided interest therein, <br />nor in the maeagernent -thereof, nor shall=the death of a holder <br />er.*_itle his heirs or legal representatives to demand any parti-' <br />tion or division-of the property of the Trust-Organization, nor <br />any special: accounting:. The rights of the certificate holders <br />in personas: are limited to merely a clam against the trustees <br />to carry aut this Declaration of Trust: <br />-6- <br />
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