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the death of any beneficiary of T,ncomc, a.ny undi.>tril~uted Income <br />in the hands of the Trustee hold for such beneficiary at the - <br />time of his death shall be paid to the person or persons for <br />whose benefit the principal producing such Income is continued <br />in trust or to whom it is distributed under the terms of this <br />Indenture. <br />ARTICLE THREE <br />i'ti, <br />+~ <br />C! <br />In acting as Trustee hereunder the Trustee shall have <br />full power and authority, without the necessity of obtaining <br />the consent of any court, to do all acts, to execute, acknowledge <br />and deliver all instxuments and to exercise for tha sole benefit <br />of the beneficiaries hereunder any and all powers and discretions <br />which would be lawful for it were it i.n its o~an right the actual <br />ownEr o~ the property held in trust, including by e_-ay of <br />illustration, but not limitation, any or all of the following:. <br />{11 To accept in kind any investments or other <br />property, real or personal; <br />{Z} To retain any or all securities and atlaer <br />property, real or personal, which at any time may be <br />or become a part of the Trust Lstate, as well as any <br />' property into which the same or any part thereof may <br />be converted by reason of any reorganization, <br />recapitalization, consolidation, merger, liquidation, <br />exchange or other transaction for such time as _the <br />Trustee shall deem advisable; <br />{~} To sill, convert, assign, convey, exchange, <br />tra, sfcr or otherwise dispose ef, or grant optioi2_r-. with <br />reapf Qt to, any or all SG+C2r1t1L'S or other property, <br />coal ~r poxsonal, at any tiuiu constituting part of~ tl~e <br />Trust Estate, at public or private sale, for such <br />consideration and upon such terms and conditions as the <br />Trustee shall deem advisable, and without liability on <br />tho part of the purchaser to see to the application of <br />thQ purchase money or to inquire into the validity or <br />propriety of such sale; and to execute and deliver good <br />and sufficient deeds far any real estate, conveying <br />title free and char of all trusts; <br />(4} To hold in the form of cash, awaiting distribution <br />or desirable investrncnts, such portion of the Trust <br />Estate as at any time and from time to time the Trustee <br />in its discretion shall deem advisable, without liability <br />to account for interest thereon; <br />(5} To invest and reinvest the Trust Estate <br />- 5 - <br /> <br />