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<br />- Thi: 'I'rtistocS sh:k11 out be liable fur any lcisc +„ +•>:{+rnsr tintlrrod by the 'fn~st <br />estate and arising out of the conduct by the 't'rustees of any busiress held by ~_he <br />Trust estate, including any corporation controlird by the 'I'nkst, except such fuss <br />or expense as sha21 have been ocrasinned by the '1'nkstee's gross nrl;ligence. <br />Notice is hereby given to all persons, companies or corporations extending credit <br />to, contracting with, or having claims against 'PHIS 'TRUST, that they must look only <br />to the funds and property of The 'trust for payment or for settlement of any debt, <br />Cott, damage, judgment or decree, or for any indebtedness which may beconk~ payable <br />hereunder. <br />It is expressly declared that a 'trust, and not a partnership, is hereby created; and <br />that neither The Trustees, otEiccrs, or ccrtifirrte holders, present or fature, have <br />or possess any personal ownership in tlic property ur' assets at Said Trust, our shall <br />they be personally liable hereunder, as partners or otherwise; that no Trustee shall <br />be liable for the act or omission of a Co-Truster, or any a Urer person, whatsoever, <br />wlkether employed by such Trustee or out, ur tar anything other than his own, pcrsun'kt <br />' breach of Trust. <br />`1'he Beneficial Interests, as a convcnicuce, Eor distribution arc +livided iota Ouk: <br />Hundred (100) Units. They are non-assessahlo, nun-t;rxable, nun-negotiable, but trans- <br />~. ferable; and the lawful possessor thereof shall be construed the true and lawful owner <br />thereof. The lawful owner may, if he so desires, cause his Beneficial Certificate to ' <br />"'~ be registered wiUk the Secretary of the 'Crust. <br />Said Beneficial Certificate entitles the holder thereof to a pro rata share of any <br />distribution of income distributed by Che 'frustrrs in their sole discretion, and to a <br />pro rata share of the Trust corpus upon the to nniuaCian of the 'Trust. Death, insolvency <br />or baultrupCey of any certificate balder, or the transfer of his certificate by gift, <br />devise or descent, shall not operate as a dissolution of TiiiS 1'IZUS'f, or iu any manner <br />affect Tike Trust or its operation or mode of business. Ownership of a benefiriat ter- <br />tificate shall not entitle the holder Co any le};:r) title in or to 'i'he Trust property, <br />nor any ukkdivided interest therein, nor in the naau.rgemeut thereat; our shall the death <br />of a holder entitle his heirs or Legal representatives to deutand any partition or divi- <br />sion of Che property of The Trust, rkor any sliccial acrountiag; but said successor may <br />Succeed to the sortie distributional interest upon the :;attendee of the certiEiCatu as <br />held by-the deceased for the purpose o; reissue to tiu• then lawful holder or owner. <br />Nothing herein contained shall be construed to antlkoei~.r Titr 'I'rtkst to issue C€ rtifieabes <br />of 8+=nefical Interest in excess of the: nutaber lkercin provided, kkflr fur a norikin~tl value. -.-- <br />at variance with tike provisions hereof. ___ ___ <br />This Trust is irrevocable and may out be altered ur awended iu any c-hspt>kt uule:a spe- <br />cifically authorized by this instruna>ut, and it may not be termiuatsrd except through <br />distributions permitted by CLis instrurue:nt. <br />This Trust shall continue fora period of Cwcnty-five years Trunk date, unless the <br />-.::i Trustees shall unanimously determine upon an earlier date wtken they may at their dis- <br />cretion, because of threatened depreciation in v:tlurs, or other gao.i and sutEicieut <br />-- - -- <br />..... - <br />- - <br />,_ ,- <br /> <br />