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<br />79-~ t1 tl ~ 14 :~
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<br />~ The Trust name and other things of value to constitute A Trust (Estate), including rights
<br />in reversion or remainci<~r wherever situated, and other things of value and having its
<br />principle place of ~b~u~si~ness at:
<br />The above named Trustees, for themselves ar[d Ct,eir successors, IN TRUST, do hereby agree
<br />to accept properties, real and personal, to be conveyed and acknowledge acceptance of
<br />and delivery of all of the property specified, together with all the terms of The 'f rust
<br />herein set forth, agreeing t.o copserve and improve The Trust, exercising their best
<br />judgment ar[d discretion, in accordance with 'the Trust Minutes, making distributions of
<br />portions of the proceetfs and income as in their discretion, and according to the minute.,
<br />should be made, making cuu,plete periodic reports of transactions, aad upon final liqui-
<br />dation distributing the assets to the beneficiaries as their interests may appear; and
<br />in alt other respects administering Said 'Trust (Estate) in good faith strictly in con-
<br />formity hereto.
<br />Trustees shall be not less than two in nwnber, but may be increased for practical reasons
<br />beneficial Cu 'Phe Trust. 'Phe 'Trustees herein mentioned by name ~L' their successors
<br />°l~cted ~~ mill vacancies, siea!1 hold orf;ce, lave ;rnd exercise collectively the exclu-
<br />sive management and control oC The Trust property and affairs;
<br />~ PROVIDED, HOWEVER, that A Trustee may resign or be removed from office by a resolution
<br />of unanimous concurrence of the remaini,cg 'trustees when, in their opinion, said Trustee
<br />shall have been guilty e;f frn,d, ,ualfeasancn iu office, gross neglect of duty, or or
<br />cause by the mandate of a court of competent jurisd'ictiun.
<br />PROVIDED'FUR1'11ER, that is the event of death, removal from office, or resignation, The
<br />Trustees shall appoint or elect a successor try the unanimous concurrence of the remain-
<br />ing Trustees. Should objection be tiled to appointment of additional 'trustees, the same
<br />shall be spread upon the w;~ntes. Any such objection shall deprive the candidate from
<br />accepting the tcuslacship. tittuuld the entire l3uard of 'Prustees 6~~come vacant, a cottrl
<br />of equity may appoint oae 'trustee, who, in turn, shall appoint the additional 'trustees.
<br />The signing and acknowledging of this agreement by the herein above appointed Trustees
<br />oz Trustees subsequerttly elected or appointed, shall constitute their acceptance of
<br />TiIIS TRUST, 1'he Trust prupurty, assets and emoluments Lttereof shall inm[edintely vest in
<br />the new `trustee or 'trustees without any further act or conveyance.
<br />$y a regular act of the Trustees, they may provide for meetings at stated intervals with-
<br />- out notice and special meetings may be called at any time by two or more Trustees upon
<br />three days' written notice, which may be waived. At any regular or special n[eeting a
<br />MAJORITY of tl,e Trustees sleail constitute a quorum for conducting business, PROVIDED,
<br />affirmative action may ci[ly be had upon a MAJORITY vote of the Trustees, whether present
<br />or by proxy.
<br />Trustees may do anything any individual racy legally do in any state or county, subject
<br />to the restrictions herein noted. They shall continue in husiness, conserve-the prop-
<br />'-' erty, commercialize the resources, extend any established line of business in industry
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