HomeMy WebLinkAbout95-00645
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Estate of Clar~nc~ Il. Nicholson
aim known as
PETITION FOR PROBATE llnd GRANT 01; LETTERS
c2l- q5 - It'lf5
No.
To:
Register of Wills for the
Deceased. County of Cumberland In the
Social Security No. 113-20-4924 Commonwealth of Pennsylvania
The petition of the undersigned respectfully represents that:
Your petltloner(s), who Islare 18 yeurs of age or older an the execut or
In the last will of the above decedent, dated Nov~mber 27
and codlcll(s) dated
named
,19.2.1--
(Illte rele\'lnt clrcumlllnces, e.B. renunciation, death or ektcutor I etc.)
Oecendent was domiciled at death In Cumberland County, Pennsylvania, with
It is last family or principal residence at 23 Creekview Ilrive, Carlisle. Cnmberland
County. Pennsylvania ( n,'ck,.., < 011 --;--:;'uw.J. .'JT J
(IIn 51r<<I, number and muncipalllY)
Oecendent then 85 years of age, died August 10 , 1995
at South MIddleton Township. Cumberland Countv. Pennsylvania .
Except as follows, decedent did not marry. was not divorced and did not have a child born or adopted
after execution of the will offered for probate: was not the victim of a killing and was never adjudicated
Incompetent: .
Oecendent at death owned property with estimated values as follows:
(I f domiciled In Pa.) All personal property
(If not domiciled In Pa.) Personal property In Pennsylvania
(If not domiciled In Pa.) Personal property in County
Value of real estate In Pennsylvania
situated as follows: NONE
S 50.000.00
S
S
$
WHEREFORE, petltloner(s) respectfully request(s) the probate of the last will and codlcll(s)
presented herewith and the grant of lellers testamentary
(leslamenlarYi administration C.I,B.: admlnistralion d.b.n.c.l.a.)
theron.
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Sir
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CCNB Bank. N.A., now by merger
h~C ~.h ~.A.
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4242 Cnrlisle Pike. Cnmn Hi]l. PA 17011
OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA } as
COUNTY OF CUMBERLAND
The petltloner(s) above-named swear(s) or affirm(s) that the statements In the foregoing petition are
true and correct to the best of the knowledge and belief of petltloner(s) and that as personal represen-
tatlve(s) of the above decedent petltloner(s) wlll \\'ell and truly administer the estate according to law.
~CN8 ~n:~ ~.^.. now by merger PNC Bank,
Sworn to or aenrmel! and subscribed ~ ~ - -----., ~
be,~ore me this . / r da _of ~
I , t.~ t:.. J ~ ...
'Qu ~ - ~ I -ql . !
C. LEWIS Register 6' ~~
N.A.
No. 21 - 95 - 645
Estate of CLARENCE IJ. NICIIOI.SON
, Deceased
DECREE OF PROBATE AND GRANT OF LETTERS
AND NOW AUGUST 28, 19~, In consideration of the petition on
the reverse side hereof, satisfactory proof having been presented before me,
IT IS DECREED that the Instrument(s) dated NOVEMBER 27. 1991
described therein be admllled 10 probate and n1ed of record as the last wlU of
Clarence D. Nicholson
and Lellers testamentary
areherebygrantedto CCNB Bank, N.A.. now bv merller PNC Bank. N.A.
. "'-
R'llst., of Will.
MARY C~
o..e ~~
Charles H. Stone, I.D. 006357
ATIORNEY (Sup. CI. 1.0. No.)
FEES
P b L E $ 115.00
ro ate, ellers, tc..........
Short Certlficates(7 ) .......... $ 21.00
ReJ~:ge~~ion ................ s$
X,CP '~'~8
TOTAL _ $ 156.00
Flied .... .1IV\W$.l: .?~.. .m~............
~ fJIlAhah- r- p~
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414 Bridge St., New Cumberland, PA 17070
ADDRESS
(717) 774-7435
PHONE
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Mailed letters and order to Bank on 8-29-95.
21 - 95 - 645
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WILLSINICHOL-C.WIL
LAST WILL AND TESTAMENT
OF
CLARENCE D. NICHOLSON
I, CLARENCE D. NICHOLSON, of Carlisle, Cumberland County~ Pennsyl-
vania, declare this to be my last will and revoke any will previously
made by me.
ITEM II I bequeath my automobiles, household and personal effects
and other tangible personalty of like nature (not including cash or
securities) together with any existing insurance thereon, to my wife,
MARY NICHOLSON, if she survives me by thirty (30) days.
ITEM II: I devise and bequeath the residue of my estate of every
nature and wherever situate, including any property over which I shall
have any power of appointment, to CCNB BANK, N.A. of Hampden Township,
Cumberland County, Pennsylvania, Trustee, to be added to and thereafter
treated as part of that certain trust created by me on 1U'6yl,r~fr ~7,
199-1-, to have and to hold, IN TRUST, for the uses and purposes and
subject to the terms and provisions thereof, including any alterations
or amendments thereto or any other trust which may hereafter be substi-
tuted therefore.
ITEM III: I appoint CCNB BANK, N.A., of Hampden Township, Cumber-
land County, Pennsylvania, guardian of any property which passes,
either under this will or otherwise, to a minor and with respect to
-1-
..
which I am authorized to appoint a guardian and have not otherwise
specifically done &0, provided that this appointment of a guardian
shall not supersede the right of any fiduciary in its discretion to
distribute a share where possible to the minor or to another for the
minor's benefit. Such guardian shall have the power to use principal
as well as income from time to time for the minor's support and educa-
tion (including college education, both graduate and undergraduate)
without regard to his or her parent's ability to provide for such
support and education, or to make payment for these purposes, without
further responsibility, to the minor or to the minor's parent or to any
person taking care of the minor.
ITEM IVI All federal, state and other death taxes payable because
of my death, with respect to the property forming my gross estate for
tax purposes, whether or not passing under this will, together with any
interest or penalty imposed in connection with such tax, shall be
considered a part of the expense of the administration of my estate and
shall be paid from my residuary estate without apportionment or right
of reimbursement provided that any taxes on the trust created by me on
IV 0')tf tl'(e.,. .L I , 199-1-, may be paid from the assets of that trust
as provided therein.
ITEM VI My Executors, Trustees and Guardian shall have the
following powers in addition to those vested in them by law, and by
other provisions of my will applicable to all property, whether princi-
-2-
pal or income, including property held for minors, exercisable without
court approval and effective until actual distribution of all property I
A. To retain any or all of the assets of my estate, real or
personal, including any stock of my corporate fiduciary or of its
parent holding company, without regard to any principle of diversifica-
tion.
B. To invest in all forms of property, including stocks,
common trust funds and mortgage investment funds whether operated by my
corporate fiduciary or others, without restriction to investments
authorized for Pennsylvania fiduciaries, as they deem proper, and
without regard to any principal of diversification.
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property and to give
options for sales, exchanges or leases, for such prices and upon such
terms or conditions as ~hey deem proper.
D. To allocate receipts and expenses to principal or
income, or partly to each, as they, from time to time, think proper in
their sole discretion.
E. To borrow from, or to sell to, my Trustees even though
such Trustees may by my Executor.
F. To compromise any claim or controversy.
G. To join with my wife, MARY NICHOLSON, or her personal
representative, in filing a joint income tax return without requiring
her to indemnify my estate against liability for the tax attributable
to her income and to consent to any gift made by my wife during my
-3-
'.
." .
lifetime being treated as having been made one-half by me for purposes
of the federal gift tax law.
ITEM VI: My corporate Executor and Trustee shall receive compen-
sation for the performance of its functions hereunder in accordance
with its standard schedule of fees in effect from time to time during
the period of which its services are performed.
ITEM VII: I appoint CCNB BANK, N.A., of Hampden Township, Cumb-
erland County, Pennsylvania, Executor of this my last will.
ITEM VIllI I direct that my Executor, Trustee and Guardian and
their successors shall not be required to give bond for the faithful
performance of their duties in any jurisdiction.
IN WITNESS WHEREOF, I, CLARENCE D. NICHOLSON, have hereunto set my
hand and seal this J 7/,,- day of 'JJ~ \112...... L l1.y , 1991.
Ill) ~.;i ~
UC-ttriVllee. /e./L,~/"
CLARENCE D. NICHOLSON
-4-
SIGNED, SEALED, PUBLISHED and DECLARED by CLARENCE D. NICHOLSON,
the Testator above named, as and for his Last will and Testament, and
in the presence of us, who at his request, in his presence and in the
presence of each other, have subscribed our names as witnesses.
.~~,,_~ <-l'C..........,_h.... j1 Pi-
Address (
(fIM(J HIlL. : ('(/. 170 J I
Address
(f.{.",,---~v~
COMMONWEALTH OF PENNSYLVANIA:
:55:
COUNTY OF CUMBERLAND
.
.
I, CLARENCE D. NICHOLSON, the Testator whose name is signed to the
attached or foregoing instrument, having been duly qualified according
to law do hereby acknowledge that I signed and executed this instrument
as my last will; that I signed it willingly and that I signed it as my
free and voluntary act for the purposes therein contained.
I) {. ,oJ It. .jl {'
L -tAla', it'( /..-; ,/fiti' )1\ L
CLARENCE D. NICHOLSON
Sworn to or affirmed to and acknowledged before me by CLARENCE D.
NICHOLSON, the Testator, this ,;4,/ day of N{)/~lm /VI'" , 1991.
,IJIil &:~/l.!tlct
Nolar1IIISooI
BeMan Eppley, Nolllty NlIo
CarIsifJ Bolo; ClinborIarXf Cot.nlv
Mt CorlJrO;sicn E>pIros I'jri 15, 11195
-5-
."
COMMONWEALTH OF PENNSYLVANIA I
ISSI
COUNTY OF CUMBERLAND I
J' ,"
We, \J~)("l 1\ k ) I.... /1c( ~rl;"...L~"-'
and 1>'.,1,(,,.. f- 1'1. I.. <.I n e..
, the
witnesses whose names are signed to the attached or foregoing instru-
ment, being duly qualified according to law, depose and say that we
were present and saw Teetator sign and execute the instrument as his
last willI that Testator signed willingly and that he executed it as
his free and voluntary act for the purposes therein expressed 1 that
each of us in the hearing and sight of the Testator signed the will as
witnesses 1 that to the best of our knowledge, the Testator was at that
time eighteen or more years of age, of sound mind and under no con-
straint or undue influence.
Sworn to or affirmed to
5USi1J K 5AA.l/)l:XSON and
this ;:;2, day of N()\(,Vlbtl \'
and acknowledged before
KD\\(: K l\.~, LAI0f
me by
, witnesses,
, 1991-
I(~H '- 11" J( I/l,AJ ILL;
Nbtary Public / c1
NotartoI Seal
BoIh fvr1 EooIev, Notuy PI.Uo
CarIsIo Bolo; CurrlloI1atn Coo..r1IY
My CommissIon E>pIros"lri 15, lil95
-6-
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RECEIVED FROM,
..........,!'--------~ --.-. --~~------- --.- - --- - - ----- -~. ---
,.
ACN
ASSESSMENT I!' . AMOUNT
CONTROL IiiII
NUMBER
i
PNC BANK N A 101
, POBOX 308
el.<te::l.Oo
CAMP HILL. PA 17001-0308
,
,
'~OHflr
ESTATE INFORMATION,
f:lI filE NUMBER
~ 21-19915-06415
EJ NAME OF DECEDENT ILAST)
II DATE OF PAYMENT
B POSTMAR E
COUNTY
SSN 113-20-4924
(FIRST) (MI)
DATE OF DEATH
REMARKS
fa TOTAL AMOUNT PAID
. .4e~
VZ
PNC BANK NA
SEAL
CHECK" 31638e
RECEIVED BY I ";"~:A.~ (, ~,--~<v/v ~ijJ,/
OSION7
MAR V C. LEd;s / ..F) .' ,>.
REGISTER.OF WILLS
REGISTER OF WILLS
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,. Real hlot' t5chtdult AI
2. Slocks and Bond. (Schedule B)
3. Clo..ly H.ld StocklPartntnhlp Inter.dISch.dule q
A. Mortgog.. and Not" Receivable (5th.dul. 0)
S. Coah, Bank Depolita & Mlscelloneoul Perlonal Prop.,ly
(Schod.,o EI
6. Jointly Owned Prop.rty (Schedule F)
7, Tran.lo.. (Schod.,o GI (Schod.lo l)
8. Tolal Gron An'lI (10101 Un,. 1.7)
9. Funtrol Exp.n.... Admlnl.t,ofivl COlli. Miscellaneous
Expln... (5chedult H)
to. Oebll. Mortgoge L1abllille., Uti'll (Sd,.dul. II
11. Tolol D,ductlons (tolallln., 9 & 10)
12, Ntl Volue of e"Olt 11In. B mlnullIne 11)
13. Charitable and Governmental a.que." (Schedule J)
104. NI' Value Sub.c:t to Tox lllne 12 minus line 1:3
15. Spau,al Tron,fln (for dol.. of deorh ofte, 6.30.94)
SI' Inltructlonl for Ar,pllcoble Plttlnlog. on Reverse
Sid.. Ilnclud. volu.. rom Schedule K or Schedul. M.)
16. Amounl of lIn. 14 taxabl. at 6% role
(Includ. volu.. from Sch.dule K or Schedul, M.)
17. Amounl of lIn. 14 toxobl. 01 15% role
(Include valu.. from Sch.dule K or Sch.dul. M.)
lB. Principal 10.. duelAdd to.. 'ram L1n.. IS, 16 and 17.)
19. Credill Spou.al Poverty Credit Prior Payment. Discounl
+ 1 ,t.?~ .nn + 7~ .no- _
20. If lIn. 1911 grea'er thon line IB, enler the difference on line 20. This II Ihe OVERPAYMENT.
aD
21. If lIn. IB I. greolar Ihon line 19, enler the difference on lIn. 21. Thh I. Ih. TAX DUE.
A. Enler thelnlerell on Ih. balancl due on line 21A.
B. Enler the tolal a' lIn. 2' and 21 A on lint 21 B. Thi, I. the BALANCE DUE.
Make Ch.de Payable tOI Reglst.r of Will" Agtnt
>- >- BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND TO RECHECK MATH -0(-0(
Undlt Plnalti.. of perjury, I dlclar. that I have uomined Ihls return, including accompanying schedule. and lIallmenU, and to the b.1t of my ~nowledg. and ben.I,
II IIlru., correcl and complel', I d.c1or. Ihot 011 real IIlole ho. b.en reporleer 01 Irut mork'l vorue. Declorotion 01 preparer olher than the personal r'prelenlaH'l1 il
balld on alllnlarmatlon of which pre arer ha. any knowledge.
$IGNATUIf 0' P II ON "l..$PON$III!' II filiNG IlflUIIN ADDIll$$ OAt( /
PNC Ba '.N"A., E tor 16 2 Chestnut Street 9~/") 0(/1
. :.c'<:"- lldel.phill. PA 19103 I .L I-!-'-
$lGNAJURf 0' IfPAIlU OlHU IHAN ADDllln A I r {
RIY.1500 IX. 1'.9.&,
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COMMONWIAl!H 0' 'IN"WflYANIA
DI'AUMfN' 0' RIVfNUf
DIP! 21060 I
HAUIUURa. PA 11121.0601
OfCfQfNt. NAM (lA . 'IR'I. AND MICDI INl IAII
Nicholson, Clarence D.
I 'OR OATIS O' OIATH AnlR 12/31191 CHICK HIR
I. A SPOUSAL ,
POVIRTY CREDIT IS CLAIMID I-.:J
PILI NUMBIR
21-95-0645
INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO DUPLICATE
WITH REGISTER OF WILLS)
OAt[ Of DUIH
VAil Of III'H
COUNTY COOE
D ~fOlN '$ (OMPlrt ADOIl"
2J Creekview Drive
Carlisle, PA 17013
COUIlI Cumber land
AMOul4l1llCllVfD I'U INURU"ION$1
NUMBEI
YEAR
ffi
lil
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w
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f10CIAl $ICUlln NUMUI
113-20-4924
8/10/95
I" ""'IICIoIUjluhl"IHG 1~1l1 ,.....1 lull .,.It "NO ",DOIIINIII"II
Mar Nicholson
~ 1. Original Relurn
o 2. Supplemental Return
I 434
333.96
o J. Rlmainder R"urn
Ifor dol.. of death prior to 12.13.82
lXI S. F,deral E.lot. TOM R.turn Requir.d
LB. Tolal Numb.r of Saf. Depa.it Bou,
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....
B~
o A. L1mUed E'lat, 0 40. Futur. Inl"I" Campromill
lIar date. 01 death after 12.12.82)
~ 6. DICed,nl Died Tlltole [] 7. oecldent Maintained a living TrUll
(Attach copy of Will) (Anach copy of Tru"1
ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO.
NAM' Robin Clay, Trust Tax Officer co~n'WI:'GJt~~Il'
1632 Chestnut
Philadelphia,
Fl.
585-5582
Street, 6th
19103
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Estate of Clarence D. Nicholson, Deceased
Date of Death: August 10, 1995
File No. 21-95-0645
Pennsylvania Inheritance Tax Return
Rider to Schedule E
Cash, Bank Deposits & Miscellaneous Personal Property
Value as of
Description Date of Death
1. Cash found in residence $ 666.92
2. Wachovia C/O #10111337
Bal. as of D/OID: 20,723.31
Int. Accrued to 0/010: 51.67 20,774.98
3. Wachovia Premiere Money Market
Acct #6267-495205
Bal. as of D/OID: 22,851.55
Int. Accrued to 0/010: 69.28 22,920.83
Copy of Confirmation Letter for Items I & 2 attached
4. TIO of Clar-'nce Nicholson - Cash on hand as of D/OID:
Principal Cash: 33,286.52
Income Cash: (J 63.00) 33,123.52
5. Proceeds of sale of tangible personal property
(includes sale of 1984 Renault @ $245.00 & sale of
1973 Ford Matador @ $30.00) 346.90
Total $ 77.833.15
"" ~
ESTATE
EIIII. of, CII,ene. Nlchollon
Oil' of o..lh, 08/10/95 Prac,"llng Oil" 08/22/95
VIlutllon Oil" 08/10/95 Numbe' of sICur'tl.1 26
Shin. SICU' Ity Mtln Olv/lnt sICu,lly
or PIr O,"crlpllon Nlgh/Alk LowlBld &/0' AdJ. Accrutl VIlut
1) 1000 AHANGEL.AHERN SNtPNLOG SPONSORED ADR (032721201)
08/10/95 14.75 14.5 NIL
NAIllAD 14.625000 14,625.00
2) 1205 BANC ONE CORP (05~438101)
08/10/95 32.0 31.625 NIL
NYlE 31.812500 38,334.08
3) 500 BANC ONE CORP PfO C CY 13.5 (059438507)
08/10/95 56.875 56.25 NIL
NAIllAD 56.562500 28,281.25
4) 1500 BOtSE CASCADE CORP (0975a:s103)
08/1 0/95 42.75 41.0 NIL
NYSE 41.875000 62,812.50
5) 2000 BURLINGTON NORTNN tNC (1218~7102)
08/10/95 6~.625 68.875 NIL
NUE 6~.250000 138,500.00
6) 1200 CAROLtNA PWR & LT co (144141108)
08/10/95 30.5 30.25 NIL
NYlE 30.375000 36,450.00
11 1000 EL PASO NAT GAS CO CON NEil (2a:s695872)
08/10/95 28.0 27.5 NIL
NYlE 27.750000 27,750.00
8) 800 GAP INC DEL (364760108)
08/10/95 33.5 32.25 NIL
NYlE 32.875000 26,300.00
9) 1051 GRAND MET PLC SPONSORED ADA (386090302)
08/10/95 25.5 25.125 NIL
NYSE 25.312500 26,603.44
Olv .3646 E 07/21 A 07/25 P 10/08/95 3Il3.19
10) 2000 NANSON PLC SPONSORED ADA (411352305)
08/10/95 17.25 17.0 NIL
NYSE 17.125000 34,250.00
II) 6200 NEINZ N J CC (423074103)
08/10/95 43.125 42.375 NIL
HYlE 42.750000 265,050.00
12) 700 ITT CORP (450679105)
08/10/95 119.0 117.25 NIL
NYlE 118.125000 62,687.50
\3) 300 MERCK & co INC (589331107)
08/1 0/95 51.25 50.25 NIL
NYlE 50.750000 15,225.00
14) 4956 MEAAILL LYNCN fED SECS CL 0 (59019K502)
08/10/95 ~.54 Bid
HAIllAD 9.540000 47,280.24
15) 2000 NEITLE I A lPONSORED ADR (641069406)
08/10/95 50.375 50.0 AIB
HAIllAD 50.187500 100,375.00
,
.--"', ,........,
ESTATE
Eatltt oflClarenct Nlchollon VolUltlon Dot., Da/lD/95
Shtrtt I.curlty HlOn DIY/lnt Socur I tv
or Par Dllcrlptlon NIgh/Alk Low/lld liar AdJ. Accrual Yltuo
161 1000 NOR'OLK IOUINEIN CORP 16558441081
08/10/95 70.75 69.375 NIL
NUE 70.062500 70,062.50
Dty ,52 E Da/02 I Da/04 P 09/11/95 520.00
\7) 2000 PNC BK CORP 16934751051
08/10/95 25.25 25.0 NIL
NUE 25.125000 50,250.00
181 175 IAYDNtEI INC 17549071031
08/10/95 40.0 38.875 NIL
NYlE 39.437500 6,901.56
191 1000 IUNlRUIT IKI INC 18679141031
08/10/95 60.625 60.0 NIL
NYlE 60.312500 60,312.50
201 1000 IYCO INIEINATIONAL LID 19021201041
08/10/95 57.375 57.0 NIL
NYlE 57.187500 57,187.50
211 2000 uOt CPAP NEW 19026811051
08/10/95 20.5 20.0 NIL
NYlE 20.250000 40,500.00
221 1000 UST INC 1902911I061
08/1 0/95 28.5 28.0 NIL
NYlE 28.250000 28,250.00
231 1000 UNOCAL CPAP 19152891021
08/10/95 28.875 28.5 NIL
NYlE 28.687500 28,687.50
241 2080 WACNOVIA CORP 19297711031
08/10/95 38.5 37.875 NIL
NYSE 38.187500 79,430.00
DIY .36 E Da/03 I 08/07 P 09101/95 748.80
251 2500 WEIS NKTS INC 19488491041
08/10/95 28.125 27.5 NIL
NYlE 27.812500
Diy .21 E 08109 I Da/ll P 08/25/95 +0.21000
28.02250 70,056.25
261 1000 WENOYS INTL INC 19505901091
08/10/95 18.875 18.5 NIL
NYlE 18.687500
OIY .06 E 08/10 I 08/14 P 08/28/95 +0.06000
18.74750 18,747.50
Total . S.curltv VoIUl" 11,454,909.30
Total . Accrualll 11,651.99
Total Portfolio Voluo . 11,456,561.29
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COMMONWI'AltH 0' PENNSYlVANIA
INHERl1ANCI' TAX IIUURN
IIUIDENT DECfDfNT
Clarence D, Nicholson
ITEM
NUMBER
A. Funoral Expon.o..
1.
2.
B.
A.
C.
1.
2.
3.
A.
5.
6.
7,
8.
r-..
SCHEDULE H
FUNERAL EXPENSES,
ADMINISTRATIVE COSTS AND
MISCELLANEOUS EXPENSES
PI.a.. Print or T 0
21-95-0645
DESCRIPTION
The Church of God Home, Inc. - Memorial Luncheon
Leah Feingold - Costs incurred in making funeral
arrangementa.
89,00
396.50
PNC Bank, N.A.
Admlnl.tratlvo Co.t.,
Personal Reprelen'ative Comml..lonl
Social Security Number 01 Persanol Reprelenlatiy"'
Year Camml..lanl paid
1.
2.
Attorney Feel
David H. Stone, Esquire
Family Exemption
Claimant
Addre.. 01 Claimant 01 decedent'l death
Street Addre..
3.
City
Relatianlhlp
Slale
Zip Code
Probate Feel Regiater of Willa, Cumberland County
MI.c.llanoau. Expon...,
Per Rider Attached
TOTAL (AlIa enter on line 9. Recapitulation)
(II maro .paco I. noodod, In.ort additional .hoot. of .omo .1.0.)
AMOUNT
435.50
31,325.00
36,500.00
N/A
200,00
1,719,51
S 70,180.01
-'""'I
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Estate of Clarence D, Nicholson, Deceased
Date of Death: August 10, 1995
File No, 21-95-0645
Pennsylvania Inheritance Tax Return
Rider to Schedule H, Part C
"
i
I'
..
Miscellaneous Expenses
Deserlntlon
Amount
I. EVP Systems - Fee for Valuation of Estate assets
$
85.50
90.00
2. Creedon Bixler - Lawn Maintenance at 23 Creekview Drive
3. United of PA - Utility Service
147.29 ·
7. Dick Gibney Real Estate - Fee for appraisal of 23 Creekview Drive
29.00
79.72
250.00
250.00
4. Dept. of Vital Records - Death Certificates
5. Metropolitan Edison Co. - Utility Service
6. George C. Clauser, S.R.A. - Fee for appraisal of 23 Creekview Drive
8. Register of Wills, Cumberland County - Short Certificate
15.00
9. Ron C. Kramer - Reimbursement for:
a. Federal Express:
b. PENNDOT:
13.00
10.00
23.00
10. Reserve for additional administration expenses
750.00
Total
$
J,719.51
. Amount is net of payment made by Estate of $169.82 less overpayment of $22.53.
~
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CC)MMONWIAUH Of 'INHlnVANtA
INHllltAMe. 'AI .nUI'"
1III0INIDICl0IHI
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES AND LIENS
PI.a.. Print ar T .
Fill NUMBER
21- -06
ESTATE OF
Clarence D. Nicholson
ITEM
NUMBER
DESCRIPTION
AMOUNT
1.
Per Rider Attached
9,880.50
TOTAL lAlla onlor on IIno 10, Rocapltulatlon)
,,, mo,.. .pac. i, n..ded, In..'' addjfjonal ,h.." ol.ame dz"l
$ 9 880.50
~
~
Estate of Clarence D, Nicholson, Deccascd
Date of Death: August 10, 1995
File No. 21.95.0645
Pennsylvania Inheritance Tax Rcturn
Rldcr to Schedule I
Debts of Decedent
Descrlntlon
Amount
1. Masland Associates - Balance due
$
187.20
3. Carlisle Community Ambulance - Ambulance Service
16.16 "
119.40
2. State Farm Insurance Co. - Premium due re Ace\. #0333-9686-13
5. Carlisle Hospital - Balance due
8.00
724.40
4. David I. Hartzell, M.D. - Balance due
6. Patient Accounting Services, Inc. - Balance due re Acc\. #058138-9
34.03
7. RWC Emergency Physicians - Balance due
24.94
8. ATS Medical Services, Inc. - Balance due re Ace\. #122716
47.37
9. Internal Revenue Service - Balance due Final 1995 U.S. Life Period Rcturn 7,805.00
Total
914.00
$ 9.880.50
10. PA Dep\. of Revenue - Balance due Final 1995 PA Life Period Return
. Balance due is net of payment made by Estate of $64.00 less overpayment of $47.84.
,........
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COMMONweA"H O' "NHlllVAN'.
INH'lnANCI'A.lnUIN
.IItDlN'DICIDIH'
SCHEDULE J
BENEFICIARIES
Clarence D. Nicholson
FILE NUMBER
21-95-0645
ESTATE OF
ITEM
NUMBER
NAME AND ADDRESS OF BENEFICIARY
RELATIONSHIP
AMOUNT OR
SHARE OF ESTATE
A, Toxabl, Bequeltll
1. See Rider Attached
ITEM
NUMBER
NAME AND ADDRESS OF BENEFICIARY
AMOUNT OR
SHARE OF ESTATE
B. Charitable and Governmental B.qUIIIII
1.
See Rider Attached
227,012.56
TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (AI.o ontor on IIno 13, Rocopltulotlonl
(I' mort .pac. I, n,.ded, Inllrt addltlonal.h..t. of ,am. Ilal)
5227,012.56
o
~
6. Humane Society of the United States Public
Washington, D.C.
One.fourth (V.) of Charitable
Remainder Unitrust dated
11/9/93 ($54,253.14).
7. American Society for the Prevention Public
of Cruelty to Animals
New York, NY
One. fourth (V.) of Charitable
Remainder Unitrust dated
11/9/93 ($54,253.14).
8. Animal Protec1ion Institute Public
Sacr~mento, CA
One.fourth (V.) of Charitable
Remainder Unitrust dated
11/9/93 ($54,253.14).
9. Gullding Eyes for Blind, Inc. Public
Yorktown Heights, NY
One. fourth (V.) of Charilable
Remainder Unitrust dated
11/9/93 ($54,253.14).
Total ~227.012.56
t"""I
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REV-1649 EX' (1J91)
'*
SCHEDULE 0
TRANSFERS TO SURVIVING SPOUSE
~morPDMn.VAM4
N-.rr~f.uunaH
--
ESTATE OF
Clarence D. Nicholson
meNumbn
21-95-0645
PART A: EnIcr "" _pIlllll and value ofall......... bo<h taxabl. and I1OIHaXabl., "pnIl... orlll<lll... (net or deducti_)
which 10 lhI dtccdenI.. aurvivin .. wilL' lion onaw. or othawiM.
Descrl lion of Items Amounl
t Reaidue of Estate 1,434.333.96
Put A Total: EnIcr""........~......OIl""recapilUlaIlllll_In"" Il<<<dml tnromulllon SccIton. 1,434,333.96
Election To Subject Property To Tr.s Under Section 2113(A) AI A Taxable Transfer By Thl. Decedent.
If 0 lMI...lmI.... omnaanent...... "" requimnenllorSectl0ll2tt3(A~ and:
L The INII or .imilar arnnaan<nl llliated OIl Schedul. O. and
b. The value or"" lMI or similar amnlcmml II entered In whol. or In put u an..... OIl Schedul. O.
\hen "" tnnIf....... penooaI repaenlaIlva may apcciIleally IdenliJY "" lMI (.11 or olia<ti...1 portion 0( pet<<IlIa..) 10 be Inc:luded In "" .Iedlllll \0 ba..
such truJI or .lmilar property IrCIlCd u a Lauble lnNler in lh1I alIle. If ltu than the enlin value of 1M trust or limilar property is included u.
taxabl. tnnIf... 0Il5<hedu1. 0, "" pcnonaI rq>racnIa'i..1haI1 be ....idered \0 ba.. mada "" .Iedlon only u \0 olladlllll or "" INII 0( limilar amn.........
n.. _or orlhla fr><IIon II equal.. "" amounl or"" IN" or .imilar amnlcmmllnc:luded U 0 taxabl...... on Schedul. 0, Tho denominator II_I
\0 "" 101I1 valu. or"" IIUIt or similar.............
ELECTIONa Do you.1ed IIftlItr SccdoIa 2113(A) 10 Ina' ... tasable Irani'" In Ih1I "tate aU Dr. portion 01. lnul or a1m1Iar IrnDltIDtIIl
cnatc4 lor the JOlt aM orthb d,ctdmt'.aunirln"pouN .urlnl the lu.rvh1nl'pouae'. mUte lltrt1meT
YES 0 NO W SllJUlturt Dolt
Notel U the .1edI000IPPUa to man tho Cln. lnut or almUar ,rnnl.m,n" th,lIl separate form mUll be lien" and nJ~
Part B: EnIcr "" dea<ripllon and valu..r a111ntcraU, bo<h ....bl. and non...ubl.. "pnIl... ofloca'i... (net or deductl...)
which 10 lht deccdmI'.aurvivinlI ror which. Section 2113 (A) clcdion it belnl made.
Descrl lion of items Amounl
IN/A
'.
P",UTotaI
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WILLSINICHOL-C.WIL
~
LAST WILL AND TESTAMENT
011'
CLARENCE D. NICHOLSON
I, CLARENCE D. NICHOLSON, of Carlisle, Cumberland County, Pennsyl-
vania, declare this to be my last will and revoke any will previously
made by me.
ITEM II I bequeath my automobiles, household and personal effects
"-
and other tangible personalty of like nature (not including cash or
MARY NICHOLSON, if she survives me by thirty (30) days.
securities) together with any existing insurance thereon, to my wife,
,
,
.
ITEM III I devise and bequeath the residue of my estate of every
nature and wherever situate, including any property over which I shall
have any power of appointment, to CCNB BANK, N.A. of Hampden Township,
Cumberland County, Pennsylvania, Trustee, to be added to and thereafter
treated as part of that certain trust created by me on A.J.) 'y L .,..t, ,. r )...,.,
199-1-, to have and to hold, IN TRUST, for the uses and purposes and
subject to the terms and provisions thereof, including any alterations
or amendments thereto or any other trust which may hereafter be substi-
tuted therefore.
ITEM IIII I appoint CCNB BANK, N.A., of Hampden Township, Cumber-
land County, Pennsylvania, guardian of any property which passes,
either under this will or otherwiee, to a minor and with respect to
-1-
--
~
which I am authorized to appoint a guardian and have not otherwise
specifically done so, provided that this appointment of a guardian
Dhall not supersede the right of any fiduciary in its discretion to
distribute a share where possible to the minor or to another for the
minor's benefit. Such guardian shall have the power to use principal
a. well a. income from time to time for the minor's support and educa-
tion (including college education, both graduate and undergraduate)
without regard to his or her parent's ability to provide for such
support and education, or to make payment for these purposes, without
further responsibility, to the minor or to the minor's parent or to any
person taking care of the minor.
,
ITEM IVI All federal, state and other death taxes payable because
of my death, with respect to the property forming my gross e.tate for
tax purposes, whether or not passing under this will, together with any
interest or penalty imposed in connection with such tax, shall be
considered a part of the expense of the administration of my e.tate and
shall be paid from my residuary estate without apportionment or right
of reimbursement provided that any taxes on the trust created by me on
IV o--..J'f If'-~ )..... 7 , 1 99.J.., may be paid from the a..ets of that trust
as provided therein.
ITEM VI My Executors, Trustees and Guardian shall have the
following power. in addition to those vested in them by law, and by
other provisions of my will applicable to all property, whether princi-
-2-
.
--,
.~
pal or income, including property held for minors, exercisable without
court approval and effective until actual distribution of all property I
A. To retain any or all of the assets of my estate, real or
personal, including any stock of my corporate fiduciary or of its
parent holding company, without regard to any principle of diversifica-
tion.
B. To invest in all forms of property, including stocks,
common trust funds and mortgage investment funds whether operated by my
corporate fiduciary or others, without restriction to investments
authorized for Pennsylvania fiduciaries, as they deem proper, and
without regard to any principal of diversification. ~
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property and to give
options for sales, exchanges or leases, for such prices and upon such
terms or conditions as they deem proper.
D. To allocate receipts and expenses to principal or
income, or partly to each, as they, from time to time, think proper in
their sole discretion.
B. To borrow from, or to sell to, my Trustees even though
such Trustees may by my Bxecutor.
F. To compromise any claim or controversy.
G. To join with my wife, MARY NICHOLSON, or her personal
representative, in filing a joint income tax return without requiring
her to indemnify my estate against liability for the tax attributable
to her income and to consent to any gift made by my wife during my
-3-
---,
,--...,
SIGNED, SBALBD, PUBLISHBD and DBCLARED by CLARENCB D. NICHOLSON,
the T..tator above nam.d, a. and for hi. La.t Will and T..tam.nt, and
in the pr...nc. of u., who st hie r.qu.et, in hi. pr...nc. and in the
pr...nc. of .ach oth.r, have
L ~_tf"~..u~J'-
rf.n... J:l
(~.~
W tn...
subecribsd our nam.. a. witn......
~'-~ jJ Pi-
Addres. (
C/W~ I-lILL.. . f'fl. /70 I I
Addrees
COMMONWEALTH OF PBNNSYLVANIAI
1551
COUNTY OF CUMBBRLAND I
,
I, CLARENCB D. NICHOLSON, the Teetator who.e name is eign.d toithe
attach.d or for.going instrum.nt, having been duly qualified according
to law do h.reby acknowledge that I signed and .x.cut.d this in.trument
a. my la.t willI that I signed it willingly and that I signed it as my
fr.. and voluntary act for the purpos.s therein contain.d.
.. O~
L U~,lJ'( IlLJ... ~'-
CLARENCB D. NICHOLSON
Sworn to or affirmed to and acknowledg.d b.for. m. by CLARENCB D.
NICHOLSON, the T..tator, this a? day of NOYlm!ur- , 1991.
flH! ~:'r.&/1
NalIrIII SIll
IlIIIAm EAolIv. NolIrV PI.t*l
CatolI Baro; ~ Carll'
My c...,,,w.., ~.-pIl5, ,1lIl5
-5-
-......... ,'-"
COMMONWEALTH OF PENNSYLVANIA I
ISSI
COUN'l'Y OF CUMBBRLAND I
We, J'JSu.t\ k ':'~V'd(r~~,
and If ~h'" ,."- ;11.. Ld. " L
, the
witn..... who.. nam.. are .iqn.d to the attach.d or for.qoinq in.tru-
m.nt, b.inq duly qualifi.d accordinq to law, d.po.. and say that w.
w.r. pr...nt and .aw T.stator siqn and .x.cut. the in.trum.nt a. hi.
la.t will; that T.stator siqn.d willinqly and that h. .xecut.d it as
hi. fr.. and voluntary act for the purpose. therein expres.ed; that
each of u. in the hearinq and siqht of the Te.tator siqned the will as
witne....; that to the b.st of our knowl.dq., the T..tator was at that
,
time .iqht..n or more y.ars of aq., of sound mind and und.r no con~
.traint or undue influ.nc..
.. ..ll__
Sworn to or affirm.d to and acknowledqed b.for.
5US4/J K. 5AAJUt:')(SON and K~~t..LI'-\, lAi0f
this .;n.. day of r~uw",'\64! v'
m. by
, witn..ses,
, 1991.
A~La.. 4l~
Notary Public "
NcInI SooI
Ilot1Am E'Rllov. NalIIy I'I.tlIo
CMsItIbo;~CQny
M'fC<>"......,E>piw,ljlt 15. tilllll
-6-
..
-..
:~"" 1015 fAft_ IHI31
Estate of:
CLARENCE n. NICHOI.SON
Part 3.-Electlons by the Executor
I v.. I ND
P"'" CIteell' the ''Y"It M' MHo" ba.r tor ..ell oueeuon.
, 00 VOU eteCt anemlll vaMJlluon1
2 OoVOU____volUalMln1 , . , . , ,
I' "Yes." DU ntUIt c:omDIete ana.nacn SCheawe,tr.1
3 00 VOU _10 PlY IlW _ WI If1StaIIr\W1Ia u 0__ WI __ 81e111 , .
11 'ry..." you rooa au.cn the ~ watonnnDn ~ao '" the In8tI'\JCIJCW&
.. 00 you etICt to Cl .. 1M pan at the we. at1r'IbU'tIII* to . rw.._..o..Y or ._._Ildef m.. .. a-=nbld .,....,
81631 , . . . . . . . , , , . . . , . ., ...,......,......
Part 4.-Generallnfonnation ~ _ _lilt ,
r-........-.- vou__"_-llr
AI.AI___.ID...-w_. ,&d_.dv.I'_'.....P"lll7~ _.....801 ao,~ l~to.....---._-_.&......~,.,..,.
-. ......__or _ ~_ .on_oIllW_~ rw\Im -""..-......-....-----..--.:
NIme of ,......__.. .... or typIt s.. ~........ crsa.1IId nxm CI' - no.. aryl aa nal1JlDC*t
I csea....,.. am ChI ...,..." c....-a DUCIIIG ~ .......1IOId (YOU m&* u.:a IN ,....... .-.... DQIU tor I'll: --.. ~
t,. rwun far........, I .,.... uncw ____I ar -- .._, tram..... DIItcn eM ~ .......... ena.... CNIIIIII- ~.....
~....... -
5q'&n
I CAP ........
10.
IT.......... ..-
1 o..t _, _ _ __ ........, C-. oa(1f 01.. - _Ilf' .._1WUIlI.
Cert. 03103452. Dent. of Henlth/Vitnl Rprnr~a
2 t:' b.....~. ~... OV"~ at rwtarWd. ctwdl... ... m MIl _ Ke franMr.,. ...... fit ~'1 .
U.S. Armv Captain
3 ___01'" '..,.,.01_
l>> t.Wnod
[:J WIdaw GI ~ I ~I_ SSff.. .... dIIII 01 ~ of . . ~ ... .......................................-..--....'........
..........................................................................................................................-.................
CI &lQIe
C1~
01...-4 00lI0 ____ - -.
.. &nMng _'..... .. _~....... .._ _ c-..... -I
Mary Nicholson 189 103 :1517 See Schedule M
5 Illdtl..~.............IInI'lIIr1O~cn-.arD...._WNl....,......tranaw--ra:n::u3I.,. b.._
shDwnln8chldl.MQ c-." ___ forPrtvwo:yN;t HadoIt" .....toll~.......... b.._~_CII'Ifyt. .....1nV'" __Farm,Q40.
NIme DI ~ tn& 01_""'" aa.ooo or men ~.iWIIJ"""'" r 1IIIIiI..4........ .--.. -.......
Per Rider Attached
10,000.00
AI 00.' ~ Iif7'" b.~....A ana tnoM wna ~ ... U1M sa.ooo .
,.
-0-
10,000.00
P8ge 2
T_. . . . . .
~0II1MDr>>r18/
. , . . . . . , . , . . . . .
..-
:."". IOS l'Rft. "Q3\
ESTATE OF CLARENCI; IJ. N I CIIOI.SON
SSN: 113-20-4924
Part 4.-3eneral Informatlon (conrmueaJ
PMi_ ClIIJeC* Itte 'fY." 01' -No- baa' tor ... Q'UMUDn.
e 0001 me g..... _ _ .,., MCIXll'I 2044 prooeny ,q_ ..m.n_ ..... prooeny lonPlIrom . I>IlOl' gltlllr
_"_ 6 of 1llI11lnUCDOn111 .
7. HIVI f_ gItl III....... _1>IIn hllcl1 ...."..
I' "V.." '- aIt8Cf'I O)OIM Of the NU'n&. If avadab6e, ana fumtIn me fal
7b P_II......... 7a 1m..... R_ ortlc<<" "'*W ftllcl
Nt A Nt A
.Y_I Ha
. . . . , . . . ,
If"lfonnnon:
tf .-.wy....ta...,Df'qil' _..,..you........... r'....llIII'&O'4_.._......- 1l ''"...~
lie w.-_.......an____...lIlelhat.noll>CUllllan............,of_ _1.,..
b Dkt ttw - .1:>....... own ....... an tne Mfe 01 ........tnat fill noc Inl::IlIded In the --.'1.......
, Old till, ..... tIlI_ CJI_ GM'I.,., "'-"'..Iad"'" -. right 01....._"""'.. _ (1/ ClnI at""""
III till_lad _ _ _.__ _ tllIn _,I .'. __ IIlIl CbI_lIWI_luII_ aI till ~ II
_anllll.......IIMCJltIlI ~II..,... ....._. ___e.......
1Q Old... ~ 11........ of....", own..,..... WI ..- ._~... OIL. __.- ~ at." RJck tn WI rw::av.
OIc-...,hIId~_~I' . . . , . . . . . . . , . . , . . . , . . . . . . . . , .
x
x
x
x
" Old till - . _ III\' __ _In _ 203S. 203lI. 2031. at 2031 1_ _lnIlrUr:llanIlor -Ill? II
-Va. mal _.' ... ...., 8c:t**tIe (]. . , .
,. -_.. _..._CJl_ ~ ..._
. ,.,,-.-_~.. .Gl'lngllll"'_~ . . . .. .... ..
b Am.... lICIt ~.. oillftllr""''' b....ll ( InV OCIWW. De.~ ~ or '" All
'11 Old..____at_ _III II..,... 1lUl____H
'4 WIIh______..... ....IIIPIlIlIa...t744.-_.l(3I~lIIaIMryTaldalllll"
tf-V....-an.__. . ,of..,......ftAftI . .._.......anbm18of..r ,"I~M:I'"
an.... ,. '\)...'" .-4-
1. 'N8I'" .. ~'.I r bIbw.... 41~.q ., ....., ~ .. In .. -o.n..- c*-v..,A. of the lnIlrUr:llanI
tcI8ct "'''1''.- "..Q..I.......Mdabdl8ct ...... .,......,....... X
11 Old the b..... .,.... ~ ___I-,,"_'_~ ~ C- ~ In -=aan ~1IQAfdI1n q&.IIIIMIId ..AJW'"
"'~"''''''''''1~_,_4 ...,..- ""_." -.d1lllKll'l~8 . . . , . . . . . . . X
P8rt 5.-Recap/hdmw,
-
--
--
-.-.-
,
a
3
.
.
.
7
.
,
,e
-...--....
Sc:r.cue B S' .I. ... BandI. .
_...0 II... _ _ ___cun
-... -.... an.. 0 ....... UM '-I'armCII7121 .
-... E-lorIlIy Owned "'-11' C- I'armCII 71 a lor .,. ......... .
-... F-OIIlW f - - _ ~ 1- fcrm(1I 71a lor.,............ .
-- G-T..-1lI.IInD t)o. .....~.. UM C-1'armCII7121or 1Ifa_1
25
77,486
~ .....11 p____at~.._.. . . . , . . . . . . , . .
~ I 4,r-..... . . . . . . , , . . . , . . . , . .
TalII _ _ ~ _ , 1IIraugn 11). Enlar nor. _ an _ , 01 tI1a Till
~...........
-
".,.,. -
-
"
,.
'3
,.
,.
,.
'7
'1
'1
-... J-..fwwIj ~ - Eo _ _ InC:UT8Cl .. ~ Pn:loerIy 8ubjoct lD 0lIIIN
__~a1..D ....
_...K 1'...Ivov-_...... . . . . . . . , . . . . . . . .
TalII 01.... " .,...,. 13. . . . . . . . . . , . . . . . . . .
AIOwnDle.,..... of ~ . _ tram,.." 1. (1M ChI tn8UUCaDnI tar rt." 15 of IhII R-
ad--.. L__ ~~M._""'..4..., . . . . . . . . . .
Set ~... L~, _ .,...,.. In M,~ ...., PrrIperty Not EUJtecI to aam.
_...IA D -"lalluMvlng~.........
__ ~ PI-. _ SimlllrGttls _..... ,.,.,
I T_"- _CIlld _ 'S ItwOUQn 19\. Enlwnor. _ an"" 2 ofllll Till ~
. b "
-0-
-0-
6 51
227 012
07
2lI
P-ve 3
..-.
,.......
:,,"" lOS fA... ..a31
Estill. 011
CLARENCE D. NICHOLSON
SCHEDULE A-Real Estate
fFor lomrty OW""" properev rnel musl De alse/osea on Scheaule E. s.. I/Ie InSIJUCDOM tor Scheaule E.)
/ReeI es,.re mal IS pan ot a sole proanelOtStl/P snoula ce snown on Scheaule F. Reel esrale maIlS IndllCled in rtIfJ
l1/01S es,.,. unaer seeDon 2035, 2035. 2037. or 2038 shOUld Ce snawn on Scheaule G. Reel es,.re fJIat IS /IICIl1c1fKI m
the 11/OU es,.re unaer seellon 2CUl shOUld De snown on Scheau/e H.l
(If ~ e/eclsecaon 2032A valUSDon. YOU musl comp/ere Scheaule A ana Scheaule A-I.)
Item I I "h- I
-I 0 -..,Q" I v...... _ -.. .... v_._al-
I NONE
Total horn COI1IIIlU&Ilon schllllullla) (or addlllOMl ahMIlal) anacMd to Ihls acIIeduIa. -0-
TOTAL lAllO ..... on Part 5. RtlCaDrlUlallon. a"" 3. at rtem 1.1 -0-
(II more IIPK8 IS ~. attaCII tna ccn\l11U8uon IICI1lIllUle from me ana al IhIS paCll8Qtl ar aadlllOn8l ~ of lIla - 8lZ&l
(SM tn. onstnICllOIl8 on tne _ ald..)
sotLlca_A V.ge,
"'_'.~_'~_'_~'_ ._..N....'_-___ _...._, _........ ._._-_
- 't.,
.......
.'\
:'l""" ,oe rAw. II.~I
'IMn I OtllCfaD'llftClDnO I-=- emaum 01 DOnDI at numGIt Of .".,.. ana DW I UMv_ i -- I AII""'_ v_ V..._Dl~
...-, v..... WMl'W.....tor~, awe GUSIP nutnDW' ......-.. . , ,-- I
, I
NONE
.
Tol8I from _ilInlJeIlCln ~.l (or Iddltlon8I u-ue1l1lllCllld 10 lIliI-.II -a-
. .
TOTAL lAleo __ on Pili e. R--' ..- 3. II n_ 2.\ . _n_
CLARENCE D. NICIlOLSON
SCHEDULE B-Stocks and Bonds
IFor /OlnrIY OWIllCl PIOPlnv Ih., mual DI alSc/oaea on Scheaull E. aN !he InJUUCUOn.l tor Sche<lUle E.l
Estate of:
(II more _..-. _tIlICOlllftlIlIOlI""- from till end of _11_.,. or __ - of tIlI__1
(TllI_1O Sc:I-* B IN ..111I__ _I SOhldl* B-Peglt 12
,,-..
r-,
.l""" loe rAw, "83\
e.tata of:
CLARENCE D. NICHOr.~ON
._ I ~...-. - I "'*'- .- Y_._Gl_
-. --
I
PER RIDER ATTACHED 77 ,486.25
- ,
TolaI tram c:cnIftIdon Elledule(a) (or addltloual ~) att8Cl1ed to Ihle acheduIe -0-
TOTAL fAIao _1lII Part 5. RecaDIlUIa\lClII. p.... 3. at "am 3,1. 77 .486.25
SCHEDULE c-Mortgag.., Not.., and Cash
,For /OI1II1V 0_ OtDD8ffV mat must be ",._ on Schaau/. E. s.. m. ",.lnlCDOlIS lor SchaQuIa E.l
(I11l1Cln1 _ . naMlad. __ tn. CCll1IIllU&IIllIlCMClUlll tram II1a and of tIIta 10'-' Of ~ _ 01 tile - -I
(See II1a ~ ClI'I tile _ atde.)
Sot\I'" C Paga 13
~
1"""',
:",m IOS lAw. .tJl
E.uta of:
CLARENCE D. NICHOLSON
SCHEDULE D-lnaurance on the Decedent'a Ufe
You must list aU pallcies on 11111 hIli 0111111 1l1lClKlllnl anll altllCl1 a Form 712 lor lIaCh polley.
11011I I c I - --- V___al_
--, -' .--
, NONE
TcllaI tram COl'IlIr..uon KIleduIe(II (or acldIlIonaI ~l allIIChIId to lhta tICheduIe -0-
TOTAL lAlIo _ on Pllrt 5. RCIIOltUlation. ..- 3. alll8m ~.l. -0-
(111llOl'II ~ II ~ atlIICIIlIMI c:ommuaaon acneclUIe tram 1M _ of 11111 PIC""9' or IIlIdtUonaI _ allIle ....,. IIlZII.I
(See \1W IIWII'\ICIICXW on IIle _ 1llIe.1
Soh.~-D Page 115
~
'"'"
. ~"'" IMIA..., ..~31
Estlll. at: CLARENCE D. NICHOLSON
SCHEDULE E-Jolntly Owned Property
,If YOU elecr.ecrron J032A ValWDOn. vall must COmDte" Sch<<1UHt E ana ScheoUle A.II
PART 1.-QUBufled JOlnllnlenlsts-lnlenlSIS Held by tne OscBOent ana His or Her Spouse as tnB Only JOint Tenants
lSectlon 2040lb)12))
'Iem I
"umDIf I
o.a.Mllll'I
Fnt NGn.. ql~ CUSlP numOlt. If IvMlDle.
........
vu..tJDn alta
,,"emit. YMII I v_. au 01 dMlh
PER RIDER ATTACHED
133,016.61
TatII frDm _idl -'Wwt..J . ...... (or .ddIIb1llA IheICCa>> ~ to tha ~.
I. r_. . . . . . . . . . . . . . .
Ib ___... _..._01_111.......,..
PART 2.---M Other Jant 111~_L'a
:III 8_.......__ol..." oonMn9_I_Il_.. men INn _ __ ....,-.11II_ ~'
cn..__
-0-
~III~-.
-
----...,.--",...
A.
II.
C.
111m :tarl
--
a _,
_ ___......... for
....-. lYe ClJSUI runDIt. ff ~
p\"___
.-
,-
...... -
---
.... -
NONE
-0-
r_tram........-._.ICar.__.ll_tallllo_. . . . .
211 r__""",___ , . , , . . . . , . . . . . . , . . , , . .
3 r_ _ joint ~.... IIOCI om. 10 1IlCl201. AlIo...... an PIIt 5. R-. ~
3. aU... 5 , , . . . . . , , . . , . , , , , . . " ,.', 66,508.31
(1I1T11ft __ la ~. allBCl1 ms carmnuaOan IICt1BOUIS tram ms eno at mla pacKBOS ar saaraon&l __ oIl11B aame &1%8.1
(See IOs Il\&lnJC\IIll1B on lI1B __ alos.) SClt . rll... E-P8ge 17
.-.,
.-....
:~...., loe IRh'. IHll1
Estate at: CLARENCE D. NICIlOLSON
SCHEDULE G-Transfer8 DUring Decedent's Ufe
," you e/.cr s.coon 2032A ve/Ulaon. you musr comOlere Scheault G ana Scheau/e A-I.)
0-..._._. AUemltl !
Fot IICUI"II-' QfWI CU5IP nurno.'. tf IVMID6e. ,taJUaUOn aatIi .A11ema!' '1- v.. II GMt of dMIn
.Iem I
"umoerl
A. I Gill tax o&ld by the deceoent Dr the estate for ail Olfts made by
'I' the atlCllOllnt or hll or har SDOUS. wlm,n 3 ye.,. oalore me
d_am" duth fSectlOh 2035(0)). . . . . . . . . .. X X X X X
B. I Tranat... Inctudibl. unaar sllCtlon 2035(8), 20315. 2037, Dr 2038:
I
, Decedent created an inter-vivos Revocable
Deed of Trust dated October 21, 1994, as
amended February 2, 1995, with PNC Bank, N.A.
aa Trustee:
VALUE AS OF D/O/D
Copy of Valuation & Instrument attached.
1,456,561. 29
2. Decedent created a Charitable Remainder
Unitrust dated 11/9/93 with Merrill Lynch
as Trustee:
VALUE AS OF D/O/D
Copy of Valuation & Instrument attached.
217,012.56
'lblaI from ~ achllCtulall) (or acIclltlorW aIlMIl8)) atw:l1llCt to thIS echaduIa
-0-
T01'M.w.o_onPart5.R~ 3.atIlarn7........
SCHEDULE H POW8I"lI of Appointment
~_ -s rod 5 '-'0" _ c-. 204'1lllC2ll ~ by the _oLl
", ftleCtacllOft2032A_ multc_SCheduIeHtnclS_A-r.J
-
.--
1,673.573.85
... I
-,
__I
--
v-..... of ....
o
,
NONE
Totalllom contIl1U8tIon achllCtulall\ (or additional aIlMIlI)) atl:lCl1llCt to thIS _ute .
-0-
-0-
TOTAL 1AI1D .."., on Patt 5. RecaDltUlatlOn. 0 3. at Item 8.1. , , . . , . ,
(II mDtll IllICIllI ~ attacn m. conunuatlOl'l ~ 110m me IIl10 of mI. PIO<8QlI Dr aaclltIOr\Il _ of tIta aama IlZa.I
(Tha IOSUUCIIClIlS to Scl1ectuIea G ana H ara In th. .__ lnlItlUCIIoMll.1 ScheduI.... G -.ad H-f'age 21 f'
i
1"""\ 1"""\
ESTAtE
Eltlt. 01, Ctlrone. Nlchollon
Dlt. 01 D..th. D8/1D/95 Pr.....Cn; Dltll O8/Z2/95
V.luatlon Dltl' D8/1D/95 Numbor of sICurltl.. 26
Shlrll Sacurlty H.an Dlv/lnt socur Ity
or Plr D..erlptlon Hlgh/Alk 10Wllld &/or Ad!. Accruet Vlt...
11 lDDD ANANGEI'AHERN SHIPHIDO SPONSORED ADR (032721201)
D8/1D/95 14.75 14.5 HII
NASDAQ 14.62SDDD 14,625.DD
2) 1205 gAIIC llHE CORP (0594381011
O8/lD/95 n.D 31.625 HII
NYlE 31.812500 38,334.06
]) 500 IAIIC llHE CORP prD C CY 13.5 (059438507)
08110/95 56.875 56.25 HII
NASDAO 56.562500 21,211.25
4) 1500 gOtU CASCADE CORP (097.1113103)
08110/95 42.75 41.0 HII
NUE 41.875000 62,812.50
5) 2000 IURLING111H NOR1HN INC t121897102)
08/10/95 69.625 68.875 HII
NUE 69.250000 138,500.00
6) 1200 CAROLtNA PWR & IT CO (144141108)
08/10/95 30.5 30.25 HII
NUE 30.375000 36,450.00
7) 1000 EI PASD NAT GAl CO ClIM NEil (21l3695872)
08/10/95 28.0 27.5 HII
NYlE 27.750000 27,750.00
8) eoo GAP INC DEL (:l64760108)
08/10/95 3].5 32.25 HIL
NUE 32.875000 26,300.00
9) 1051 GRAND HET PIC SPONSORED ~~R t386090302)
08110/95 25.5 25.125 HII
NYSE 25.312500 26,603.<<
Dlv .3646 E 07/21 R 07125 P 10/06/95 343.19
10) 2000 HANSON PLC SPONSORED ADR (411352305)
D8I1D/95 17.25 17.0 HII
NYSE 17.125000 34,250.00
11) 6200 HEINZ H J CO (423074103)
08110/95 43.125 42.375 HII
NUE 42.750000 265,050.00
12) 700 tTT CORP (450679105)
08/10/95 119.0 117.25 HII
NYSE 118.125000 82,687.50
13) 300 HERCK & CO INC (589331107)
08/10/95 51.25 50.25 HIL
NYlE 50.750000 15,225.00
14) 4956 HERRIII lYNCH rED SECI CI 0 (SOO19HS02)
08/10/95 9.54 lid
NASDAO 9.540000 47,280.24
IS) 2000 NEITlE I A IPOIISORED ADR (641069406)
08110/95 50.375 50.0 All
NASDAO 50.187500 100,375.00
I
~' r-.
ESIATE
EI'"'" o"Cllronel Nlchollon VIIUlllon DI'o, Da/ID/95
IhlrOl IICUI' Ity MOIn Dlv/ln, 11CUI'1,y
or Par DOIcrlptlon Klgh/Alk Low/9td Ilor Ad). Accrual YII..
16) IDDD NORfOLK IOUTMIIN COlP /655844IDa)
D811 0/95 70.75 69.375 K/L
NYlI 7D.062500 70,062.50
DIY .5Z E Da/OZ a Da/04 P 09111/95 520.00
\7) 2000 PNC U COlP /693475ID5)
DaIlO/95 25.25 25.D K/L
NYlE 25.125DDD 50,Z50,DD
18) 175 aATONIEa INC /754907ID3)
DaIlO/95 40.0 38.875 K/L
NTlE 39.437500 6,901.56
19) IODD SUNTlUIT IKI INC (867914103)
DaIlO/95 60.625 60.0 K/L
NTlI 60.312500 6O,31Z,50
2D) 10DD TTCO INTEaNATIONAL LTD (902120104)
DaIlO/95 57.375 57.0 K/L
NTlI 57.187500 57,187.50
Z1l 2000 UOI COlP NEY /9026811D5)
08110/95 20.5 ZO.O K/L
NYlE 20.Z5DDDO 40,500.00
ZZI lDDD un INC (9OZ9ttt061
08110/95 Z8.5 Z8.0 K/L
NTlE 28.Z50000 28,250.00
231 1000 UNllCAL COlP (915289102)
08110/95 28,875 28,5 K/L
NYlE 28.687500 28,687.50
241 2080 YACKOYIA COlP (929771103)
08/10/95 311.5 37.875 K/L
NYlE 3II.1875DO 79,430.00
DIy .36 E Da/03 a Da/07 P 09/01195 748.80
251 2500 WEll HKTI INC /9488491041
0811 0/95 Z8.125 27.5 K/L
NTlE 27.812500
DIY . ZI E Da/09 a Dalll P 08/25/95 +O.ZIOOO
28.02Z50 70,056,2$
261 1000 WEKDTI INn INC (950590109)
0811 0/95 18.875 18,5 K/L
NTlI 18.687500
Oly .06 I Da/l0 a Dall4 P Da/28/95 +0.06000
18.74750 18,747.50
To'ol . security VOIUIII 11,454,909.30
To,"t . Accruall' 11,651.99
To,"t Portfolio VII.. . 11 ,456,561.29
,
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w- E" .. ... .-l
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o
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cStllt. at:
CLARENCE D. NICIlOLSON
SCHEDULE I-Annuities
NOII:13.,*-IIV. no IXCIUSIOn IS IIIOW*J tor In. .sr.rl. 0' aKeaenrs CMnQ' .n., o.c.mo.,. J'. '984 "H H1,ffUCrlonSI,
A ~re you excluDing from lne Decao.nt's glOss ellat. lne value oj a lumo'lum olstnoUlJon oesChoeD In IllClIon I V_I No
1039In(2)7. ......'..,....,.., ,.,.".." '.. I
, .Yes:' vou must anacn the Infonnatlon reQUlrea by the InstrUctions.
1Ilf'n I
-....-.
CIIto_b..o,
Shaw 1M .,.. va.- of me &MUrtY betcn any ..CIUIIOnI.
........
,--
InctUaCllI . .........
uemac. \fMII !v_. a-. at u..t
1 NONE
.
.
Total tram commuaaon schedule/al (or aDditional Iheettln attacl1ed to this IChedule , -0_
TOTAL lAlaa em... on Pen S. R_utahon. oeoe 3. at rtem 9.1. . , . , , , , I I -0_
III more loace IS nHlleo. anacn tne cD/1l1nuauon Icneout. lrDm tne enD 01 tnll oacxag. or aOCllllOnal anMlS Oltntl ... _,
Schedule I-PIIp 22 (The 'nlllUClIona to Scheclute I SIll .n the .--InalruClIona.,
'"'"
.-
f,,"" 'De ",", '.13'
EatIta of: CLARENCE D. NICHOLSON
SCHEDULE K-Debts of the Decedent, and Mortgage. and U..,.
,.. I 0eIa at IN 0 , CreolKIr ~ nan of oam. ana I ---
I --...... .......,...-
"..-, --- I-
I I Per Rider Attached
. -0- -0- 9,880.50
I
I
1bal from ~ KtleduIeIIIl lor ~... odIaCI*t to tllIa.awdule . -a-
.
TOTAL /AIm _on Pm 5. R~ -3. at 118m 12.\ . . . . . . .9.,880.50
. .
- .... ....... ~ -" -..
- -
1 NONE
Total from COlllftlaIIon _ulllfa' (or addIllonIl ~\1 attacIMId to thts achedule . . _n_
TOTAL. lAlla __ on PIU't 5. RecaDItUlatlon. ...... 3. at It.., 13.\ . -0-
UI more apace IS -. aacn tn. contIllUIlalllCMllUle from tn. ana 01 tnta p~ or aaclItIOlI8I -- oIlIle - IIZ&I I
(The II1StnlClIOllI to SchecluIe K are Il1I1le __ 1fI81IUClIOI1I.1 SOh. d .. K PAge ~
r""'1
A
,~ IOS lAw. a..a1
Estate Ot:
CLARENCE D. NICHOLSON
SCHEDULE L-Het Lo.... During Admlnlll1r8tlon and
Elq)enus Incurred In Administering Property Not Subject to Claims
It.. I
.-
.........o..InII_.___.
,..... Do not CIIIII.CI *- -=--a' at."'" ftCIDl'M IUIWUrLI
-
1
NONE
'l1llII flam c:onlIIuIIan 1llI-'" II (or .ddlllou" ~ 1III8cI.ed tu tIll8..... .
-0-
TCI1aL
-
-
",,,,
-o~
_on Pat
3. 8t brn 1
~...... In -4...L ........,...__
... *- ___ -A ..... ---. ar....
-
1
NONE
'llIl8l flam callInuaIian 1llI-""eIIl (or IIddIIIon8I 8Mel(II1IIII8cIoed to th!lI8dIeduIe .
-0-
TOrALlAI8o_onPatll.~. 3.1It1t8m17.\.....,. -0-
(If men _..-. _the _ ___ flam1lle _ of th!lI ~ or8lldltlauII -'- a/the --I
Sclt." ... L P...... en- ___ to ~ L.,..1n 1Ile _..... ~I
r-,
:...., lCSIR~. d.g]\
Estate of: CLARENCE D. NICHOLSON
SCHEDULE M-Bequest5, etc.. to Surviving Spouse
Election To Oeduct Qualifted Term,nable Interut Propeny Under Secbon 205II(b1l7).-1 a IruSllor orner Dropeny) meets the
'edu"emems of auallfied lerm,nSDle tntllt'llSI Drooeny unoer secnon 20S6Ibll71. 300
a. The IruSI or ather Dropeny IS IISled on Schedule M. ana
b. The VBlue at the lrust lor omer Dropenyl IS enlerea In wnole or In Dan as a dedUCUan on SChedule M.
:nen un,ess Ine executor SQIlClfically Idenllfies me trusllall or a tractlonal DOrtlOn or Dercentage, or omer Dropeny to b4I
.xClUded lrom tne elec:uon the executor snail be a.-ned to nave maae an electiOn 10 nave sucn Irusllor other propenyl trellUlCl
as Qualified lerm,nabIe ,mereat Dropeny under slIC\Ion 20S6(b)(7).
If leu tnan the entire value 01 the truSt lor ather Dropeny) lIIIIt the executor haslllCtuded In the gross - Ie enl8NCl a a
deduction an ScheclUle M, the executOr ehall be callSld8led to nave macte an elec:uan only as to a traction 01 the awl (or o\hIl'
propeny). The numeralllr 0I1hta fraCtIOn Is eQual 10 the amount 01 the trust lor ather propenyJ deducted on Schedule M. The
denommatar IS IKlI* 10 the tatBI value 01 the truSt (or other propenyl.
EJectIon To DedUct QuaIIIlad Domatla Truat Property Under 8eclIon 2OlIlI" -H a truSt meets the ~ oIa QualIIled
dOflHlSac trust UIlCIer .- 205eA(1) ana this retUrn IS filed no 1_ tnan 1 y- allllr the time prescnbed by laW (lncIUdinll
e_ ...ouallar filing the retUrn, and
L The entn _ 01 a trust or trust property Is listed on ScItelIUle M, and
b. The en1Il'8 value 01 the trust or trust propeny IS ~ a a dllduCtion an Schedula M.
then unl_ the ex_ epecrtlcally lden1Jllea tha trust 10 b4I exclUded from the e_. the exllCUUll' lIIIaII be ....,,-110 hlIW
meae an tIIeCIIon 10 hlMl Ihtl ermre truSt tnlBIBCl as auBIlIIed don ....ac trust DrooertV.
1 Old 8rIy ..openy ... to the aurviving spause a altl8lJll 01 a QuaIIIled dlsclaimtlr1. . . . . . . . . .
If "Yea. " ,llKII a copy of the wmtM dJsdunet' ~ qy aectJan 25'~).
2a In wtlBt CllllIIlJY _ the aUIVivin!I epouH llCIm? . S . A.
b What Ie the IlIVIVing 1QClUM" data of blrIh? June 21, 1910
o 11u.lI.IVtvingepouHaU.s.citiz8n? . . . , . . . . . . , . . . . , .. ...
d If the uvIving IpauIB Ie a naIInliDd cI1IZIn. when clId the IInivtng IpauIB ___ ..itt..60"'lip? M.' '
e II the uvIving IpauIB Ie not a U.s. cltIz.en. 01 what COlI1lIY Ie U. IlnIVing apauae a atIZaI? " .' '
3 Ell ~ ''an out 01 QTlP '11.......... of AnlUIIII,....{Ift you elect under IIBdIan 2llSll(b)(7)(Cl(\Q not 10 traIl.-e:
QIIBllf*t to. "..l8Ille '"*- QlOIlBnV errv taint and IlnMIl' III1IlUi1Iea lIIIIt BIll inclUded In lI1e IlllltI8 -- ....
wauId cnnerw- be ~ as QUB\lfted termmBble Inl-' ...j)QtIItY under IIllctian 205l1(b)(7)(Cl? (eee1l1llllUClllanl
.-
--
o.-..~, of DfQIOMY ___ o-'IQ to ~ .....
-
1
2
Schedule E, Jointly Owned Property
Marital Q-Tip Trust - Per Rider Attached
66.508.31
871,654.20
938,162.51
Total tram conbnUllllon ecneduleCll (or addltlanalllhtlelllll 811aC11ed 10 this _ule
4 Total amount 01 propeny Interests listed on Schedule M. . . . . . . . .
Sa Fed.... __ wee. llncludlng section 4980A 1....1 payable aut 01 propeny
i_lIl1l11BdonScheduleM . . . . . . . . . . . . . . . . .
b 01htIr death taXBI payable aut 01 propeny Im_ listed an Schedule M . . .
c FedIIaI and S_ GST lUes payable aut 01 property In_ listed on
Schedule M. . . . . . . . . . . . . . . . . . . . . . . .
d AddnemSLb.anac . . . . . . . . . . . . . . . . . . . .
6 Net emaum 01 propeny ,nterem listed on Schedule M (SUbll'act Sd tram 4), Also emer an Part 5.
Rec:aDl1UlBnon. D 3. al "em 1 B
Sa
lib
1501
-0-
-0-
lid -0-
II 938162.51
(II men ~ AI nNCMd. aactl me conunuaDOl1lc:ne<JU1e trom me linG 0' ItUS ~ or aaGrDOnal ."..m ot me ..". ...,
(SIerne ~QII""--.I
Solt.dlll~ M-Palle U
ENTE OF CLARENCE D. NICHOLSC?"'"'I DECEASED
DATE OF DEATH: AUGUST 1\),1995
SSN: 113-20-4924
U.S. ESTATE TAX RETURN
RIDER TO SCHEDULE M
BEQUESTS TO SURVIVING SPOUSE
GROSS ESTATE:
$1,817,915.31
LESS:
Funeral expenses
Debts of Decedent
Jointly Owned Property
Charitable Bequests
Exemption Equivalent
435.50
9,880.50
66,508.31
227,012.56
642.424.24
(946.261.11)
Marital QTip Trust
~
spro239 .
.,
--.,
...-.
:""'" IOIIm..,. ..g:n
Estate at:
CLARENCE D. NICIIOLSON
SCHEDULE O-Charrtable, Public, and SImilar GIfts and Bequests
1a Illha tranatar wu ~ by WIll. hU any action _ .nstrIUleD 10 have ,nlllltlrateo or 10 conlllSt tne WIll or any
of lis Pl'OVIaItlllI alfec:ano tna cnamallla oeoUctlona CWITllIO In InlS acneoule1. ' . . . . . , . . . .
If 'VetI." lull d_ muat be auOItl1tIId WIth tillS acnllllUla.
b ACCOIt:llnQ 10 1fIII.".....~oon and bIIlef of tII. penon or QIdOM fill"", tnls nnum, IS any aucn action plannld?
II 'Vas.' Ml d..... muat be auOltl1tlld WIth tills acnllllUl..
2 Old any ...~ S-1O cI\IIlIV IS tII. raUt of a QualIfIed dlsclailt*1 .
If. , a_a of tII. wntten Cl_ MCIiOn 2518
. . . . . . . . . . I
...
..-
..... MIl ..... fill D.
.
a.-Dl_
-
1
Per Rider Attached
227,012.56
Tom! from CClltIlnUIIIon ac:I1eduIe(al (or adC1lllorW ....u.1I odUlCI1ed 10 tIllS IICheClule
. .
-0-
3 Totat . . , . , . . . . . . . . . . . , . . . . . . , .
4lI FeclemI __ tall (lnclucIJng IIllClIOn 49BOA w.I ~ out of PIOl*1Y
1.......1:I. 1iItm.... , . . . . . . : , , . . . . . . . . .
o F~ and_ GST laxas payabl. out of P~ b,to.....1I 1111*I aboVe
4lI -0-
411 -0-
40 -0-
4d -0-
b 0IIw ClalIlft _ peyIIIIIe out of PIOl*1Y 1..1*..11 lislIad aboVe . . . .
d Add Itama a. b. and c
. . . . . , . . . . . . . . . . . .
B Net_of...~ .,boo_1I llalacl alia... (aublract 4d from 3). Also llIt\lIl'on pen B. R~ 227,012.56
3.alhm ...............,.,...,..... II
(If motW ~ is needed. allKlllfIII contrtIlIIllOn IcMduIe from me end of ff1Is padl8QI or addlf10nal MIlICI 01". ..,. ...,
(Tl1e InstlUctltlllI 10 Scf-.Ie 0 .,. ,n tII. HQIftI18 IIIStIUC1IOlts.I
&lh.ti'..... o-f>qe 31
..-..
,.-..,
..
COMMQHWlALlH Of 'IHH"lVANlA
OI'''I'''UNI Of IIVINUI
....IAU Of IIA11li1HAnON
'0.10'" em
Kot,..tllUlO. ,. 111.
..,...u II + 11121
SAPI DIPOSIT lOX
INVINTORY
PILI NUMeII
l"f?". COl.'1S
10ClAL IICUIITY 01 DIATH QITIPICATI NUMlII
I/J,,,l.e>.--I9'?
DATI i' DIATH
5 101 'Is
co NTV COOl
)/'1$-0<" .r
OICIDINTI NAMI (L..I. PI"', M14dI.)
IV .Col,,-I.><,..
ADOIUI 0' DICIDINT
,td CR~ vllt,u&:-
NAMa AND ADOIUS 0' PIlSON IIQUUTlNO THI
...
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Q.t'.. A<1.2.J.....AI...D. PJ\Jt!. .-3;.1,.,,<
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NAMa. ADOIIU AND ILATIONI 1r (IP ANV) TO DICIDINT. 0' rIIlON(I) rlUINT AT THI aol orlNINO
.. Nam. _.lotlon,hlp
Addr...
II. Nam.
Relatlon.hlp
Addr...
Co Name
Ralallonshlp
Addr...
NAMI AND ADDIUI 0' PlNANCIAL INSTITUTION WHIII THI SAn DlrOllT 10111 LOCATIO.
~
PA
1 DA,.. AND TIM! 0' LAST INTU
~(..3J,....~ ICO.'I$"
Tlnl UNO" WHICH aox II llOlmllD.
Oe. Co, de....'"
Add,...
Dc I.'. &.de.,.,Y.
Addr...
b. Nam.
NAMI AND TIUI 0' IMI'LOVII TAKING THIINVINTOIV
I
WAI THill A Will IN THI aol'
o VU B'NO
r
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1/ v..... d_ of willi
b. name and .....,.... of ,.nona) ,."..."'.'1... I' namaet In the will
,
Co nome aM .....,... of ottern.,. If on)'
-.....
,----
Page
SAFE DEPOSIT BOX INVENTORY
INSTRUCTIONS
of
I
(I) Ca.h. Report total only.
(2) SIc '~II LI.t In detail every common or preferred cartiflcote. warrant or other rlghl' found In bo..
51" . are to be de'lgnoted by nome 01 company. cllrtlflcotll numbar. dote of cllrtiflcate, name In
who.:n .tack I. regl.tered. and number of Ihare. and cloll of Itock.
(3) Obligation. of U. S. Governmen" Number of IIlIm., date of IlIue. face value. name. In
which registered.
(~) land.. Oe.lgnate by name, amount, .erial number. or other de.lgnation.
(5) lank and Saving. and Loon POllbooka. State nome of depo.llor, number of book, la.t date appearing
In book, name of bonk and branch, and balance.
(6) Jewelry, Coin.. Stomp.. Manu.crlpt.. etcl L1.t and dll.crlbe 01 fully a. pOlllble.
(7) Deed.. Mortgage., Current In.urance Police. or other evldenee. of Indebtednell' Lilt and describe 01
fully 01 pOlllble.
(I) All other content..
!TIM I ITIM DUCllmON
NO.
/VI...
..
..
~i
II
H
,
,
,
,-
I certify under penalty of perlury that the above record I. corr..,t and complete to the be.t of my
knowledge and belief.
--9.(k f1< _ . - I i'1 ~, I Q S-
IIln.fur. De"
J{,
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BBLK INQ CD 000000010111337
CD 000000010111337
NAME 1: CLARENCE D*NICHOLSON
NAME 2:
C E R T I F I CAT E
I N QUI R Y
PAGE 1
09-26-95
CERTIFIED
------------------------------------------------------------------------------~
TIN: 113 20 4924 WITH IND:
ADDRESS: 23 CREEKVIEW OR
CURR BALANCE:
INT ACCRUED:
CLOSING BAL:
ORIGINAL BAL:
PLEDGES:
BLOCKED
20723.31 I ORIG OPENED: 02-09-95 I LOCATION: 62602
51.67 I CLOSED: 00-00-00 I BOOK ENTRY C[
.00 I MATURITY: 05-09-96 I DEPI INDIVIDUAL
20000.00 I LAST RENEWED: 02-09-95 I TERM: 15 MONTHE
.00 I LAST MAINTI 02-16-95 J RENEWABLE: NO
I LAST DR/CR: 09-08-95 I TIMES RENEWED: I)
-------------------------------------------------------------------------------
STATUS: ACTIVE
I TYPE: 12M TO 17M CERTIFICATE
-------------------------------------------------------------------------------
INTEREST INFORMATION I PAYMENT
RATE: NEGOTIATED 6.060Y. I FREQUENCY:
BASE: 365/366 DAYS I METHOD:
COMPOUND FREQUENCY: DAILY I PAYMENt. ACCOUNT:
(SEE PAGE 2 FOR MORE INFORMATION) I LAST"I!'AVl'lENTi' 09-09-9!!S'
INFORMATION
MONTHLY ON DAY 09
CREDIT TDA
-------------------------------------------------------------------------------
ALERTS:
109.80
BREF 119 MORE
'R :AD,7!)' 3. 3 J
- If..' C;. 80 I ,
/I, ;ie, Ie j ~.,. 5 I 1:~f4Ll-l(1."CE f1.Cj C i=- e /C\ C; L5
$
WACII(MA
I
IEIr"';"~_4>_ 9?, I
[}./ ~38.1-1
1/6'i'iic..~7
Certificate of Depotllt - Full Payout
Woehcwi. Bank al North ~a: N.A.
CIl5tomer Name(s).
CWT'Cni Balance
Accrued Interest +
0: niar Crown Penalty Amount
O. Withholding _
=~~~Wt~Jlln~ Interest Adjustment - . I. /
o Credit DDA No. Due CUSlOlI!CI' = 01 ~ OI-Y? 2':L
o New CO No.
~~I~~h8l1XlUn1 indie
C--.5i......
u" ~OOO ~? 2 ~ Ii ?ul
-
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--
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732 LAST PAGE OF TRANSACTIONS
ACT I V I T Y 0 I S P LAY
DO 6267-495205 SUBPRODUCT, PA - PREMIERE MONEY MARKET
NAME 1: CLARENCE 0 NICHOLSON NAME 2:
ENTER 'Y' (YES) TO DISPLAY TRANSACTION DETAIL
PAGE 0001
09-26-9'
-------------------------------------------------------------------------------
I I
I I
I I
I I
I I
I I
I I
I i
I I
PRESS F2 TO RETURN TO
IPOSTED ICHK/SERIAL *1 AMOUNT DESCRIPTION I DAILY BALANCE
--~;;:;;-~-~I~;i.J1i~,I--------;;.;;.-;;;--~-;;;;~;~;;;~;-;;;;;;;--------;;;~;.-;~--
10~~;11B,1\ ~ f.e 1'; 140::0;8'1 Ip~~;~:~;;Ii:~N;~POSIT 2:;::~9~
I 09-191 I Y'" ~r I I 105.25 I INTEREST EARNED 24459.20
I
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I
ACTIVITY REQUEST BREF 126
l)/~ l. A f\ t: E l1 c;
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~-II c/ '/ '3 - 1t'5/.!:(,2.'5/ 5:;
Checking/Savin s D h.
W..hpri. B.nIt o( North C U g N e It Close
/,...i~_ no n., .A. .
(d;rt~~J'U' -:t~di.J~
~LMI.u~d5>>}Ji-P;;/ IZ-
;;;r;;93) Accotm. Number
* 6~~7~95bJ05 $
0..._ "
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~~~
~
Amoun1 8
~~-3.91 j
~
~
f:\docs\ep\trs\nicnolsn,amd
~
AMENDMENT TO
REVOCABLE TRUST AGREEMENT
THIS AMENDMENT, made this .:2nd day of F;brutJrl..f , 1995,
)
unto a Revocable Trust Agreement between CLARENCE D. NICHOLSON of
23 Creekview Drive, Carlisle, Cumberland County, and Commonwealth
of Pennsylvania ("Settlor") and PNC Bank, N.A., ("Trustee");
WIT N E SSE T HI
WHEREAS, the parties hereto entered into a Revocable Trust
Agreement dated Oe.tckr ~11''ti1994; and
WHEREAS, under Article Seventh of said Revocable Trust
Agreement the Settlor reserved the right to revoke and amend the
said trust;
NOW ~HEREFORE, it is agreed between the parties hereto that
Article Second "E" of the said Revocable Trust Agreement is
revoked, and in its place the following is substituted:
"E. Upon the death of the Settlor's wife, Mary Nicholson, or
upon the settlor's death, if his wife predeceases him, the trust
shall terminate and the then remaining principal and accumulated or
undistributed income shall be distributed as set forth below. Each
of the following bequests shall be made in honor of Settlor's wife,
MARY NICHOLSON, if Settlor predeceases her; and, if Settlor's wife
predeceases Settlor, each of the following bequests shall be made
in loving memory of Settlor's, wife, MARY NICHOLSON, and the
Settlor's parents, DAVID and BEATRICE NICHOLSON, and loved ones:
1
.
r""I
r'I
"( 1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
its successor 1
(2) The sum of $5,000.00 to the SAINT MATTHEW'S LUTHERAN
CHURCH, now of 663 North Main Street, Wilkes-Barre, Pennsylvania,
or its successorl
(3) The sum of $5,000.00 to the Settlor's sister-in-law,
ANN GUGLIOTTA, now of Maplewood, New Jersey, if she is then living.
If the said ANN GUGLIOTTA is not then living, her share shall be
distributed to her widower if he is then living and if he is not
then living her share shall be added to the residuary disposition
set forth below in (5)1
(4) The sum of $5,000.00 to the Settlor's sister-in-law,
LEAH FEINGOLD, now of Emerson, New Jersey, if she is then living.
If the said LEAH FEINGOLD is not then living her share shall be
distributed to her widower if he is then living and if he is not
then living her share shall be added to the residuary disposition
set forth below in (5)1
(5) All the rest, residue and remainder thereof to be
distributed in equal shares as follows:
(a) One-fifth to the HUMANE SOCIETY OF THE UNITED
STATES, now of 22100 L Street NW, Washington, D.C. 20077-6844, or
its successor 1
(b) One-fifth thereof to the AMERICAN SOCIETY FOR
THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-Second
Street, New York, New York 10130, or its successor 1
2
.......
,.-...
COMMONWEALTH OF PENNSYLVANIA)
) SS.
COUNTY OF CUMBERLAND )
,-l! '::;
On this, the ,;\()ct day of ,:f.' :(Ur1. ("If ' 1995, before
me the undersigned officer, a Notary Public, personally appeared
CLARENCE D. NICHOLSON, known to me (or satisfactorily proven) to be
the person whose name is subscribed to the within instrument and
acknowledged that he executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal the day and year first above....~~~:~n. . ~~,
~J )~!.ctJ?D(l-----'- __A1.IA.J
-
COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF ~tWlbe(hnd. l SS.
On this the ~ day of
Notary Public
.....1lIIl
Delx:nh s.!IMler. NcIwy PI.t*>
Hctv Springs Boro, CUll'Cllll1aRl COlnv
I!YConmssiOnE.o!liasMay6,1996
AsIl:aOiliil.-
me, the undersigned
Cr":j c.. bu"V'I
of PNC Bank, N.A"
.....
fe bru (J '''I
Notary Pubic, personally appeared
Vice Pr<,s~dc!-j"T ~cl
, IYw....-+ o~+ ieer ,
, 1995, before
officer, a
Successor to CCNB Bank, N.A., and that he as
such officer, being authorized to do so, executed the foregoing
instrument on behalf of PNC BANK, N.A..
IN WITNESS WHEREOF, I have hereunto set
seal.
"
'[
Ii
II
II
II
"
I
--
DeImJ,., Sue SWret, /'loIlWy ~
t<"'Y s."""9S Boto, C"orQrtMd Cart(
1!)'C<.mmss""'~May6. '996
_DI
4
(.,-
.p\tn\n1.cnalln.cla\10-Ut ~)) t I
,
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-.. h I ..1\
REVOCABLE TRUST AGREEMENT
THIS AGREEMENT OF
C chill' .-
TRUST, executed in duplicate this
:2 !~f day of
, 1994, by and betwsen CLARENCE D. NICHOLSON, of 23
Creekview Drive, Carlisle, County of Cumberland, and commonwealth of
Pennsylvania, (hereinafter called the "Settlor") and PNC BANK, N.A.,
(hereinaftsr called "Trustee") 1
WIT N ESE T HI
WHEREAS, Settlor has transferred to the Trustee all the property
described in Schedule A annexed hereto; and
WHEREAS, Settlor has designated the Trustee as beneficiary under
the life insurance policies described in Schedule B annexed hereto,
NOW, THEREFORE, Settlor hereby establishes with Trustee a trust
consisting of the property described in the aforesaid Schedule A,
together with all other property, real or personal, that may be added
to the trust and including the proceeds of any policies of life
insurance in which the Trustse is named as beneficiary (such property,
additions and proceeds being hereinafter called principal) to be held
by the Trustee, IN TRUST, for the following uses and purposesl
FIRSTI During the lifetime of the Settlor I
A. The Trustee shall pay the net income to the Settlor in
such periodic installments as the Trustee shall find convenient, but
at least as often as quarter-annually.
-1-
.
~.
-.
B. The Trustee may apply the net income of this Trust for
the support of the Settlor should he by reason of age, illness or any
other cause, in the opinion of the Trustee, be incapable of disbursing
it, and Trustee is further authorized to expsnd or apply from the
principal of this Trust such sums as it, in its sole discretion, may
from time to time deem advisable for the eupport of Settlor to main-
tain him in the station of life to which he is accustomed at the
creation of this Trust or during illness or emergency.
C. The Trustee shall pay so much of the principal of the
Trust up to the entire amount of principal to the Settlor as the
Settlor shall request in writing,
D. If the Settlor is, in the opinion of the Trustee,
disabled by reason of age, illness or any other cause, the Trustee
may, but is not required to, apply for Settlor's wife's benefit as
much of the net income and principal of this Trust as Trustee may deem
advisable for Settlor's wife's support to maintain her in the standard
of living to which she is accuotomed at the creation of this Trust,
taking into account her other readily available assets and sources of
income.
SECOND I Upon the death of the Settlor, the Trustee shall hold
all of the principal as a eeparate trust under this Article Second for
the following uses and purposes.
A. To pay the net income therefrom to settlor's wife, MARY
NICHOLSON, for and during her lifetime in such periodic installments
-2-
. ,
."'-1
o
as Trustee shall find convenient, but at least as often as quarter-
annually.
B. As much of the principal of this trust as Trustee, in
its sole discretion, may from time to time deem advisable for the
support of Settlor's wife to maintain her in the station of life to
which she is accustomed at Settlor's death, or during illness or
emergency, shall be either paid to her or else applied directly for
her benefit by Trustee after taking into account her other readily
available assets and sources of income.
C. Trustee may apply the net income of this trust for the
support of Settlor's wife, MARY NICHOLSON, should she by reason of
age, illness or any other cause, in the opinion of Trustee, be incapa-
ble of disbursing it.
D. This Trust is intended to empower Settlor's executor to
qualify this gift or as much thereof as if it deems advantageous for
the qualified terminable interest property provis~on set forth in
Section 2056(c)(7) of the Internal Revenue Code, as amended, and
Settlor's executor is hereby authorized to make the election to
qualify or not to qualify. As such Settlor directs that (1) if any
provision of Settlor's will or trust shall result in depriving this
Trust of the benefits of IRC S 2056(c)(7), if elected, such provision
is hereby revoked and Settlor's will and trust will be read as if any
portion thereof which would result in such disqualification is null
and void; (2) Settlor's executor is hereby excused from liability to . _
any person or party for the decision to elect to have this Item
-3-
.
-...
f"""'I
qualify for the marital deduotion or for the decision to elect not to
so quaLify it, and (3) no reimbursement or other adjustment shall be
mads aB among bensfioiarieB by reaBon of the consequences of such
eleotion or failure to elect.
E, Upon the death of the Settlor's wife, MARY NICHOLSON, or
upon the Settlor's death, if his wife predeceases him, the trust shall
terminate and ths then remaining principal and accumulated or undis-
tributed income shall be distributed as set forth below. Each of the
\. " '/ " following bequeBts shall be made in the honor of Settlor's wife, MARY
I .'
~'. NICHOLSON, if Settlor predeceases her, and, if Settlor's wife prede-
'. ~
, ,
~ ceaaea Settlor, each of the following bequests shall be made in loving
memory of Settlor's wife, MARY NICHOLSON, and the Settlor's parents,
DAVID and BEATRICE NICHOLSON, and loved oneSI
(1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
ita suocessor,
(2) The sum of $5,000.00 to the SAINT MATTHEWS LUTHER-
AN CnURCH, now of 663 North Main Street, Wilkes-Barre, Pennsylvania,
or ita Buooessor,
(3) The sum of $5,000.00 to the SAINT JOHNS ANGLICAN
CHURCH, now of Anoaster, Ontario, Canada;
(4) All the rest, residue and remainder thereof to be
diBtributed in equal shares as follows I
-4-
,
.-'~__-'__ _....-, _-.. r'-_
~ r-,
(a) One-Fourth to the HUMANE SOCIETY UNITED
STATES, now of 22100 L. Street, NW Washington, D.C. 20077-6844, or its
successor/
(b) One-fourth thereof to the AMERICAN SOCIETY
FOR THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-
Second Street, New York, New York, 10130, or its successor/
(c) One-fourth thereof to the ANIMAL PROTECTION
INSTITUTE OF AMERICAN, now of P.o. Box 22505, Sacramento, California
95822-9986, or its successor/
(d) The remaining one-fourth thereof to GUIDING
EYES FOR THE BLIND, INC., now of Yorktown Heights, New York, 10598-
9998, or its successor.
F. Should Settlor's wife, MARY NICHOLSON, be, in the
opinion of the Trustee, incapable of properly disbursing principal and
income to be distributed to her because of age, illness or other
cause, and should it be impossible or inadvisable. in the opinion of
the Trustee, for such funds to be paid to MARY NICHOLSON, such funds
may be held, in the sole discretion of Trustee, IN FURTHER TRUST, and
Trustee may accumulate the income and shall apply from time to time
such portions of income, accumulated income, and principal from this
further trust as it thinks proper for the said MARY NICHOLSON's
support and general welfare. The trust created under this subpara-
graph F. may be added to the original trust created herein for
administrative purposes.
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THIRD I The interests of the beneficiaries hereunder shall not be
subject to anticipation or to voluntary or involuntary alienation.
FOURTH I Trustee shall have the power, but not the duty, to make
such expenditures out of the principal, as it, in its uncontrolled
discretion, may consider desirable in order to facilitate the settle-
ment of Settlor's estate and also in the event Settlor's wife survives
I him, in order to facilitate the settlement of her estate. In exercis-
I
1 ing such power, Trustee may pay, in whole or in part, any or all of
I:
'; the following itemsl the expenses of Settlor's or Settlor's wife's
Ii
11 last illness and burial, including cost of any gravemarker; his or her
i
I debts; his or her income taxes; the death taxes on any or all property
including in his or her gross estate for tax purposes; and all other
items in connection with the settlement of his or her estate. Any
such items may be paid directly by Trustee or the funds for their
payment may be transferred by Trustee to Settlor's or Settlor's wife's
executor or administrator; and neither such executor or administrator,
nor any beneficiary of Settlor's or Settlor's wife's estates shall be
required to reimburse Trustee for any funds so paid or transferred.
All such death taxes on present or future interests shall be paid at
such time or times as Trustee may think proper, regardless of whether
such taxes are then due.
FIFTHI Trustee shall have the following powers in addition to
those vested in it by law and by other provisions of this trust,
applicable to all property, principal and income, including property
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held for minore, exercisable without court approval, and effective
until actual distribution of all property.
A. To retain any or all of the assets of this trust, real
or personal, including stock of the Corporate Trustee or its parent
holding company, if such should exist, without regard to any principle
of diversification.
B. To invest in all forms of property, including stock,
common trust funds and mortgage investment funds, without restriction
to investments authorized for Pennsylvania fiduciaries, as they deem
proper, without regard to any principle of diversification.
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property, and to
give options for sales, exchanges or leases, for such price and upon
such terms and conditions as they deems proper.
D. To allocate receipts and expenses to principal on income
or partly to each as the Trustee from time to time thinks proper in
their sole discretion.
E. To compromise any claim or cont~oversy.
F. To distribute in cash or kind or partly each.
G. To hold property in its name without designation of any
fiduciary capacity or in the name of a nominee or unregistered.
SIXTH: Trustee shall have no duty to pay any premiums on the
life insurance policies subject hereto and the companies issuing such
policies shall have no responsibility to see to the fulfillment of
this trust or the application of the proceeds of such policies and
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Trustee shall have no duty to bring suit upon any of the life insur-
ance policies subject hereto unless they hold funds hereunder out of
which they may be indemnified against all costs, legal fees and other
expenses of suit.
SEVENTH I Settlor reserves to himself the following rights (each
of which may be exercised by Settlor alone whenever and as often as
Settlor may wish) I
A. All rights now or hereafter vested in Settlor as the
owner and the insured under the life insurance policies subject
hereto, including, but not limited to, the rights to change beneficia-
ries, to borrow on policies either from the issuing companies or from
other institutions or other persons, to assign and pledge policies for
any loan, and to receive dividends and all other payments available to
the owner and th~ insured; and
B. The right by an instrument in writing, intended to take
effect during Settlor's lifetime, signed by Settlor and delivered to
the Trustee, to revoke or amend this agreement in whole or in part,
provided that the duties, powers and liabilities of the Trustee shall
not be substantially changed without their written consent.
EIGHTH I Subject to the approval of Trustee, anyone may add
property, real or personal, to the principal of this trust by deed,
will or otherwise.
NINTHI The Trustee shall receive compensation for the perfor-
mance of its functions hereunder in accordance with its standard
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schedule of fees in effect from time to time during the period over
which its services are performed.
TENTH I The situs of this Trust, for administrative and account-
ing purposes, shall be in the County of Cumberland and Commonwealth of
Pennsylvania, and all questions pertaining to the construction or
validity of the provisions of this instrument shall be governed by the
(
I
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I
laws of the Commonwealth of Pennsylvania.
ELBWNTHI This trust is intended to be a "substitution" for the
trust executed by the parties dated N,,';t!,t1 b<.!t -:2.7 , 1991, and as such
is intended to be the residuary beneficiary of Settlor's will dated ___
,'Jcv~,"bl!(" '1.7, 1991.
IN WITNESS WHEREOF, Settlor and Trustee have executed this
agreement in duplicate counterparts the day and year first above
written.
.
Witness
; - l'
{)(.'d.:':lcU [I {,~Ik'(..
CLARENCE D. NICHOLSON
ATTEST:
PNC BANK, N.A.
By :; /1 ~,~)-
vice President
C....at-'
Ass .
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THIS AGREEMENT OF TRUST, dated this q+l1 day ot l\ir.,l'e.''Ylb<.'r
, 1993, by and between CLARENCE D, NICHOLSON, ot
Carlisle, Pennsylvania, as Settlor and as Trustee, and
MERRILL LYNCH TRUST COMPANY OF AMERICA, ot Chicago, Illinois,
as Trustee,
!:i 1 ~ Ii I: Ii Ii I: ~ HI
I, CLARENCE D, NICHOLSON, as Settlor, desiring to
establish a Charitable Remainder Unitrust, to be known as the
"Clarence D. Nicholson Irrevocable Unitrust," (hereinatter,
the "Trust") for my benefit during my lifetime, and,
tollowing my death, for the benefit ot charity, hereby
transfer to Trustees the property listed in the Schedule
attached hereto and made a part hereot. Trustees agree to
hold such property in trust in accordance with .the terms and
provisions hereinafter stated by me as Settlor:o' .
SECTION FIRST
DisDositive provisions
A. During my lite, Trustees shall pay to me in each
taxable year at the Trust a unitrust amount equal to ten
percent (10.0\) of the net fair market value of the assets ot
the Trust valued as ot the first business day of such taxable
year. The unitrust amount shall be paid, in equal quarterly
installments at the end of each quarter, from net income or
to the extent that net income is not sutticient, from
principal. Any net income of the Trust tor a taxable year in
,........,
f'i
excess of the unitrust amount payable during such taxable
year shall be added to principal, In addition, Trustees may
in Trustees' discretion pay amounts other than the unitrust
amount to one or more organizations described in Sections
170(b)(1) (A), 170(c) and 2522(a) of the Internal Revenue Code
of 1986, as amended (hereinafter, the "Code"), In case of
any distributions in kind to any such organization, the
adjusted bas~s of the property distributed shall be fairly
representative of the adjusted basis of the property
available for distribution on the date of distribution.
B. Upon my death, Trustees shall distribute all of the
then principal and income of the Trust, other than any amount
due me, as follows: oloe-fiCtl. (l/S) to tR'" IU,TTI'''''.".I. tlILElI:.IF&
fleERAII611, 110..1.1..;11>"". n.I:l-:-; one-fifth (1/5) to the HUMANE
SOCIETY OF THE UNITED STATES, Washington, D,C.; one-fifth
(1/5) to the AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY
TO ANIMALS, New York, New York; one-fifth (1/5) to the ANIMAL
PROTECTION INSTITUTE, Sacramento, california; and one-fifth
(1/5) to GUID~NG EYES FOR THE BLIND INC., Yorktown Heights,
New York. Notwithstanding the foregoing, I may designate at
any time and from time to time by testamentary or inter vivos
instrument one or more charitable organizations described in
Code Sections 170(b) (1) (A), 170(c), 2055(a) and'2522(a) in
substitution for or in addition to the remainder
organizations named above and may specify in such instrument
the amounts or percentages of such principal or income to be
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distributed to each, If such designations are inconsistent,
the last in time shall control. In the event that any ot the
organizations listed above (or any other organization
designated by me) is not an organization described in
Sections 170(b) (1) (A), 170(c), 2055(a) and 2522(a) of the
Code at the time when any principal or income of the Trust is
to be distributed to it, Trustees shall distribute such
principal or income to the other organizations which are
described in said Code Sections, or, it none of the
organizations named above or designated by me are
organizations described in said Code Sections at the time
when any principal or income of the Trust is to be
distributed to them, Trustees shall distribute such principal
or income to one or more organizations which are described in
said Code Sections as Trustees shall select in Trustees' sole
discretion.
C. If any additional contributions are made to the
Trust after the initial contribution to the Trust, the
unitrust amount tor the taxable year in which the assets are
added to the Trust shall be ten percent (10.0t) ot. the sum of
(a) the net fair market value of the Trust assets (excluding
the assets so added and any income trom or appreciation on
such assets) valued as of the first business day ot such
taxable year and (b) the proportion ot the value ot the
assets so added, which were excluded under (a), which the
number of days in the period which begins with the date of
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contribution and ends with the earlier of the last day of the
taxable year or the date of my death bears to the number of
days in the period which begins on the first day of such
taxable year and ends with the earlier of the last day of
such taxable year or the date of my death. In the case where
there is no valuation date after the time of contribution,
the assets so added shall be valued at the time of
contribution.
D. If any property is added to the Trust by the Will
of any person, the obligation to pay the unitrust amount with
respect to such property shall commence with the date of
death of the person under whose will the additional
contribution is made, but payment of the unitrust amount with'
respect to such property may be deferred from the date of
such person's.death.to the end of the taxable' year of the
Trust in which the full amount of such property is finally
transferred to the Trust. Within a reasonable time after the
occurrence of said event, Trustees shall pay to the
beneficiary entitled thereto in the case of an underpayment
or shall receive from the appropriate beneficiary in the case
of an overpayment the difference between (i) any unitrust
amounts actually paid, plus interest, compounded annually,
computed for any period at the rate of interest that the
Federal Income Tax Regulations under Section 664 of the Code
prescribe for the Trust for such computation for such period,
and (ii) the unitrust amounts payable, plus interest,
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compounded annually, computed for any period at the rate of
interest that the Federal Income Tax Regulations under
Section 664 of the Code prescribe for the Trust for such
computation for such period.
I
E. Trustees shall prorate the unitrust amount, on a
daily basis, for a short taxable year and for the taxable
year of my death, Notwithstanding the foregoing, the
obligation to pay the unitrust amount to me shall terminate
with the regular payment next preceding my death. If the net
fair market value of the assets of the Trust is incorrectly
determined for any taxable year, then within a reasonable
period after final determination of the correct value,
Trustees shall pay to the beneficiary (in the case of an
undervaluation) or shall receive from the beneficiary (in the
case of an overvaluation) an amount equal to the difference
between the unitrust amount properly payable and the amount
actually paid. If no valuation date occurs in a short
taxable year of the Trust or in the taxable year in which the
noncharitable.interest in the Trust terminates, the trust
assets shall be valued as of the last day of said short
taxable year or as of the day on which such noncharitable
interest terminates,
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SECTION SECOND
DisDosition or Unitrust Amount
Durina Disabilitv
If I become disabled, the unitrust amount shall be
distributed or expended currently for my benefit. For the
purposes or this section I shall be considered to be under a
disability at any time when I shall in the opinion of a
certified physician be unable by reason or advanced aqe,
illness or other condition to properly manaqe my affairs.
Trustees shall rely upon the opinion of a certified physician
with respect to any determination as to whether I am under
such a disability, and may determine that I am under a
disability whether or not I shall have been judicially
declared to be incompetent or a person incapable of manaqinq
my affairs, and may accept such evidence as to whether or not
I am under a disability as Trustees (after receivinq such
opinion from a certified physician) shall deem advisable and
Trustees shall incur no liability for relyinq o~ declininq to
rely thereon. Trustees shall not be liable to any person for
makinq an erroneous determination with respect to whether or
not I am or am not under a disability. I recoqnize that
Trustees may not be expert in makinq such determinations,
which require a subjective evaluation of circumstances, but
desire that Trustees stand by to exercise the discretion
qranted Trustees in this section, if I should become
disabled, without the necessity of action by any court.
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Payments made for my benefit may be made directly to me, to
my guardian, or to the persons caring for or having custody
of me, or in the absence thereof, may be applied for my
benefit by payment to such other persons, organizations or
institutions as Trustees may select, and the receipt of any
such payee shall be a full release therefor.
SECTION THIRD
Protective provision
Except as provided for in any guarantee under
paragraph 8 of Subsection A of Section FIFTH hereof, the
principal of the Trust and the income therefrom, so long as
the same are held by Trustees, shall be free from the
control, debts, liabilities and assignments of any
beneficiary interested therein, and shall not be subject to
execution or process for the enforcement of judqrnents or
claims of any sort against such beneficiary,
SECTION FOURTH
No Death Taxes to be Paid from Trust
No gift, inheritance, estate, transfer, succession
or death taxes with respect to the Trust shall be allocated
to or recoverable from the principal of the Trust or the
income therefrom. I, intending to be legally bound, agree
that, by will or otherwise, I shall provide for the payment
of such taxes.
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SECTION FIFTH
General Powers
A. In addition to any authority otherwise given,
Trustees shall have the fOllowing powers, to be exercised in
the discretion of Trustees and on such terms as Trustees may
deem best with respect to the Trust without need for court
approval and effective until final distribution of all
assets:
1. To retain any property transferred to the Trust
hereunder and to invest and reinvest, without being confined
to "legal investments", and without responsibility for
diversification, in any form of property, including by way of
illustration and not of limitation: real estate; common
stocks up to one hundred percent hereof; common trust funds
maintained by or securities issued.by any corporate Trustee
hereunder or securities issued by any corporation controlling
or otherwise affiliated with such corporate Trustee;
investment trusts; mutual funds; and securities issued
outside of the United States.
2. To sell, exchange or lease for any period of
time any property, real or personal; to enter into agreements
of limited partnership; to maintain, repair, alter, improve,
restrict, subdivide, develop, partition, dedicate or abandon
real estate; to grant easements concerning and to otherwise
encumber real estate; and to give options and execute option
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agreements for the sale or lease of assets held, without
obligation to repudiate the same in favor of better offers.
3. To subscribe for stocks, bonds or other
investments: to join in any plan of lease, mortgage, merger,
consolidation, reorganization, foreclosure or voting trust
and deposit securities thereunder: to exercise options to
purchase stock and other property: and generally to exercise
all the rights of security holders of any corporation.
4. To register securities in street name or in the
name of a nominee or in such manner that title shall pass by
delivery and to vote, in person or by proxy, securities held
hereunder and in such connection to delegate discretionary
powers.
5. To retain reasonable amounts of cash
uninvested, in the commercial or trust department of any bank
or trust company, inclUding any corporate Trustee hereunder,
for such periods of time as are deemed reasonable for the
efficient administration of the Trust,
6. To lend money to any person or organization
upon such security as may be deemed sufficient.
7. To borrow money from any person for any purpose
in connection with the administration of any property held
hereunder, to execute promissory notes or other obligations
for amounts so borrowed, and to secure the payment of any and
all amounts so borrowed by mortgage or pledge of such
property.
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8. To guarantee loans made by third parties to any
charitable organization which is a remainder beneficiary
hereunder or to pledge assets as collateral to secure such
loans to such organization, provided, however, that such
guarantee or pledge shall be made only with my consent, and,
in the event of a default by such organization, to sever the
pledged assets from the Trust for delivery to the creditor or
creditors,
9, To make all reasonable compromises,
10. To make distribution in cash or in kind or
portly in cash and partly in kind.
11. To determine whether any receipt or expenditure
or any portion thereof should be charged or credited to
income or to principal where the allocation is not clearly-
prescribed by governing statutory law, and to rely on the
opinion of counsel in connection with any such allocation.
12. To employ and compensate from income or
principal in Trustees' discretion investment and legal
counsel, accountants, brokers and other specialists, and,
whenever there shall be no corporate Trustee in office, a
corporate custodian, and to delegate to investment counsel
(including an account executive' at a securities firm)
discretion with respect to the investment and reinvestment of
any or all of the assets held hereunder. Services rendered
by such persons shall be paid for as an expense of trust
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administration and shall not offset such fees that the Trust
company may receive as Trustee.
13, To participate in a public or private sale of
securities issued by any corporation whether or not any
Trustee hereunder is a controlling shareholder as defined in
the securities laws of the United states or any state
thereof: to join with other shareholders in such a sale: to
participate in the preparation of registration statements,
prospectuses and other documents in connection with such a
sale and to pay from other assets of the Trust hereunder an
equitable portion of the expenses of such preparation: to
make warranties respecting the ownership of such securities
and such other matters as may be deemed advisable; to
delegate to other persons the authority to negotiate on
behalf of Trustees with underwriters in connection with such
a sale and-to indemnify such underwriters or purchasers
against any loss arising out of an omission or representation
in such a prospectus or registration statement or arising out
of any other matter in connection with such a sale, to pledge
the assets of the Trust hereunder as security for such
indemnity; and to purchase and pay premiums on any insurance
against any loss arising in connection with such a sale.
B. All powers granted to Trustees under this and other
Sections of this Agreement of Trust are exercisable only in a
fiduciary capacity. No such power shall be construed to
enable any person to purchase, exchange or otherwise deal
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with or dispose or any trust asset ror less than adequate
consideration, nor shall any such power be construed to
permit Trustees to take any action which would cause the
Trust to fail to qualify as a Charitable Remainder Unitrust
as defined in Section 664 of the Code or to preclude Trustees
from investing the assets or the Trust in a manner which
could result in the annual realization or a reasonable amount
or income from such assets or or gain from the sale or other
disposition thereof.
C. Merrill' Lynch Trust Company of America
(hereinafter, the "Trust Company"), a Trustee named herein,
is a wholly owned subsidiary or Merrill Lynch Group, Inc.
Whenever, under the terms of this Agreement of Trust, a
Trustee is afforded the right to exercise its discretion, the
Trust company as Trustee is authorized to engage the services
.
of Merrill Lynch Group, Inc. or any of its direct or indirect
subsidiaries or affiliates (together called the "Affiliated
Corporations"). The Trust Company as Trustee also is
authorized to 'employ, and to delegate any of its powers which
under state law are subject to delegation by a Trustee to any
agents, attorneys or accountants as it deems necessary or
proper. As appropriate, the Trust Company as Trustee may pay
'..... -.
for services rendered by such persons or by Arriliated
Corporations from the Trust Estate as an expense of trust
administration.
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without limiting this general authorization, the Trust
company as Trustee is specifically authorized to engage the
services of Merrill Lynch Asset Management, an Affiliated
corporation, and Merrill Lynch, Pierce, Fenner & Smith,
Incorporated, an Affiliated corporation, to:
(i) Manage or advise on the
investments of the Trust;
(ii) Invest in mutual funds offered
or managed by any Affiliated corporations; and
(iii) Act as broker, as an agent and
not as a principal, to execute transactions and to provide
other services with respect to the Trust Estate, in the Trust
Company's, as Trustee, discretion as fiduciary, including,
subject to the limitation that all actions (other than the
purchase of money market mutual funds) be taken as an agent
and not as a principal, the purchaoe of any securities
currently distributed, currently underwritten, or issued by
Affiliated Corporations,
In the management of the Trust Estate, the Trust
Company as Trustee may receive credit or other compensation
from any Affiliated Corporations for any services the Trust
Company as Trustee may perform; may exchange services with
any Affiliated corporations: and may cause or Permit. the.
Trust Estate, or any part of it, to be held, maintained, or
managed in accounts or deposits administered in any
jurisdiction inside or outside the United States of America,
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and may hold any Trust property in the name ot its nominee or
a nominee ot any Attiliated Corporations.
D. The individual Trustees serving with respect to the
Trust hereunder shall have the right to relieve any corporate
Trustee at all investment authority and responsibility with
respect to any or all the assets of the Trust. Notice that
the corporate Trustee is so relieved shall be given in
writing. After receipt of such notice, the corporate Trustee
shall have no responsibility or liability with respect to
investment or reinvestment of the assets specified therein
and shall not be liable for any act or omission of any
individual Trustee with respect thereto. Such freedom from
responsibility and liability shall continue until all such
Trustees agree that the corporate Trustee is to resume
-
investment responsibility or until no individual Trustee is
serving with respect to such Trust.
E. It the corporate Trustee is reJ.ieved of any or all
investment authority and responsibility pursuant to
SUbsection 0 ot this section, notwithstanding anything in
this Agreement of Trust to the contrary, the corporate
Trustee will make only such purchases and sales as the
individual Trustees may direct. The corporate Trustee may
act upon any such investment direction from the individual
Trustees without inquiry or any duty to determine suitability
or investment merit and the corporate Trustee will not incur
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any liability for any action taken, or for not taking any
action in the absence of such direction. I direct that all
transactions be executed through Merrill Lynch, pierce,
Fenner', smith Incorporated, an Affiliated corporation of the
Trust company and of Merrill Lynch Asset Management, Inc,
Notwithstanding the above, I direct the Trustees to
purchase only those securities that meet the criteria the
corporate Trustee has established or may establish from time
to time for TMAe Directed Trust, and I acknowledge receipt of
such criteria. I understand and agree that if securities are
purchased that do not meet these criteria the corporate
Trustee will refuse to accept such transactions and the
corporate Trustee shall not be liable for any loss that
results from such refusal. After the corporate Trustee has
accepted securities into TMA- Directed Trust, I understand
and agree that the corporate Trustee wilfnot advise me or
the individual Trustees if or when those securities cease to
meet the criteria the corporate Trustee has established.
I understand and agree that the corporate Trustee will
not review investments for diversity and that the Trustees
may invest in any asset, so long as it does not conflict with
the criteria established for THAe Directed Trust, even though
a disproportionate amount of the value of the Trust is
invested in one class or type of asset.
Atter such time as no individual Trustee is serving or
during the time the corporate Trustee may reasonably believe
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that all individual Trustees are under legal or other
disability or incompetence, the corporate Trustee will have
and may exercise in its sole discretion all of the powers
with respect to purchases and sales without any restrictions
as to directions from the individual Trustees, as the
corporate Trustee in its absolute discretion decides;
provided, however, that the corporate Trustee will have no
obligation to initiate any inquiry with respect to the
existence of a legal or other disability and will be
absolutely protected against liability for any action taken
at the direction of the individual Trustees, or for any
failure to act in the absence of such direction, prior to the
corporate Trustee receiving written notice of a judicial
determination of legal or other disability,
SECTION SIXTH
General provisions
A. This Agreement of Trust and the Trust hereunder
shall be irrevocable and not SUbject to future amendment or
alteration, except as provided in Subsection 8 of Section
FIRST and Subsection B of this Section SIXTH.
B. It is my intent that the Trust created hereunder
shall qualify as a Charitable Remainder.Unitrustas defined
in Section 664 of the Code. Accordingly, any provision of
this Agreement which may appear to conflict with or in any
way defeat such intent shall be so construed or applied as to
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accomplish it, and Trustees shall have the power to amend the
provisions hereot ettective ab initio tor the sole purpose ot
complying with section 664 ot the Code and the Regulations
thereunder. Moreover, no Trustee who is a beneficiary of the
Trust shall participate in the valuation, tor purposes of
determining the unitrust amount, ot any assets other than
marketable securities. Any provision ot this Agreement to
the contrary notwithstanding, except tor the payment ot the
unitrust amount to a beneficiary, Trustees shall' be
prohibited from engaging in any act of self-dealing as
defined in Section 4941(d) of the Code, from retaining any
excess business holdings as defined in Section 4943(C) of the
Code which would subject the Trust to tax under Section 4943
of the Code, from making any investments which would subject
the Trust to tax under Section 4944 of th~ Code, and trom
making any taxable expenditures as defined in Section 494S(d)
of the Code. If Section 4942 of the Code shall become
applicable to the Trust, Trustees shall make such
distributions at such time and in such manner as not to
subject the Trust to tax under Section 4942 ot the Code.
C. The Trust is a Pennsylvania trust, and all
questions as to the validity, construction and administration
, . . .... .
thereof shall be determined in accordance with the law of
Pennsylvania.
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SECTION SEVENTH
Further provisions Relatina to Trustees
A. I shall have the right at any time and from time to
time to remove the Trust Company or any other individual or
corporate Trustee then serving hereunder.
B. I shall have the right at any time and from time to
time to appoint one or more individuals or a bank or trust
company either within or without Pennsylvania, to serve as an
additional or successor Trustee hereunder.
C. Subject to Subsections A and B hereof, each Trustee
serving hereunder shall have the right to appoint his, her or
its successor.
D. Any Trustee may at any time resign his, her or its
office of-Trustee hereunder by mailing or delivering, to the
noncharitable beneficiary or his or her personal
representativ&, a written notice of such resignation, without
necessity for prior accounting or judicial approval;
provided, however, that in the event of the resignation of a
sole Trustee, (i) such resignation shall not take effect
until the resigning Trustee hereunder shall" have been
succeeded or shall-have appointed. a successor in accordance
with the provisions hereof and such successor shall, by
instrument delivered to such resigning Trustee, have agreed
to accept the trusteeship hereunder and (ii) the ~ruste8
-18-
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shall be responsible tor providing allot the records,
returns and reports ot the Trust Estate to the successor
Trustee or Trustees. Notwithstanding the toregoing, the
Trust Company may, at the expense ot the Trust, secure the
appointment ot a successor Trustee by a court ot competent
jurisdiction.
E. Any such appointment, removal, substitution or
resignation shall be made by written instrument duly signed,
acknowledged before a notary public and tiled with the
records of the Trust hereunder. Any such instrument may be
changed in like manner by the person or persons making the
same before it takes effect, need not take effect
immediately, and may be contingent upon the occurrence or
non-occurrence of any event.
F. Any individual Trustee (other than me) shall be
entitled to reasonable compensation for his or her services,
to be paid from income or principal or partially from each,
which may include annual compensation based on principal.
The Trust Company as Trustee (or any other corporate Trustee
serving hereunder) may receive reasonable compensation for
its services as such, in accordance with its schedule of
rates as published from time to time and as in etfect at the
time such compensation becomes payable. Moreover, the term
"reasonable compensation" is not intended to mean the lowest
fee charged in comparison to tees of other corporate
-19-
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STATE OF fV~~,Jt.:-V~1
COUNTY 01" ..sC-'?l.t' I::.c!. (
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On this, the -=- day of fb"-I"('II"/'/~"
, 1993,
betore me, the undersigned Officer, personally appeared
, , (~ .
tt.~~~'j't.-. c:::- \.-.t'/11.1".)::';-;A , who acknowledged that
he/she is a duly authorized officer of MERRILL LYNCH TRUST
COMPANY OF AMERICA, a Trustee named in the foregoing
Agreement of Trust, and that he/she executed the same on
behalf of MERRILL LYNCH TRUST COMPANY OF AMERICA for the
purposes therein contained, by signing his/her name as
officer and that the Trustee's corporate seal was duly
affixed thereto.
IN WITNESS WHEREOF, I hereunto set my hand and
official seal.
otk6~
Notary Public
My Commission Expires:
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PNC n.nk, N.A.
171h &- Chf'111ll1l SUl'rl!l
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Jlhihulrlpllill, I'A I!JIUI
21~1 ~Wl ~IUlln 'IH
Recorded ~);lico of
RenHt'1 d Wills
May 10, 1996
Register of Wills
Cumberland County Courthouse
1 Courthouse Square
Carlisle, PA 17013.3387
'96 MAY \ 3 1\\1:49
PNC BAN K.
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CumbCii:l,la ~o,' PA
Re: Estate or Clarence D. Nicholson, Deceased
Date or Deatb: AugUlt 10, 1995
File No,: 21-95-0645
Dear Sir or Madam:
"r
Enclosed please find the Pennsylvania Inheritance Tax Return, in duplicate, for the above
referenced estate, along with the following attachments:
1. Copy of decedent's will;
2, Copy of Federal Estate Tax Return;
3, Copy of safe deposit box inventory;
4. Schedule E. Items 1 & 2. Copy of confirmation letter from Wachovia Bank;
S. Schedule G. Item 1 . Copy instrument for T/D Clarence D. Nicholson;
6, Schedule G. Item 2. Copy of instrument for Clarence D. Nicholson Charitable
Remainder Unitrust.
There is no tax due with this return by virtue of the spousal transfer,
Kindly acknowledge receipt of the enclosed by stamping and returning the accompanying copy of
this letter to me in the envelope provided,
Very truly yours,
cc:
David H, Stone, Esquire
Ron Kramer, Trust Officer
Thomas J. Hayden, Jr" Vice President
Addressee
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TRUST DEPARTMENT
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P,D. nUll 76411
I'hiladrll'hia, I'A 19101
211 1111 IlHKI 'li'l
June 3,1996
PNC$ANK
Register of Wills
Cumberland County
Courthouse
Carlisle, PA 17013
Re: Estate of Clarence D. Nicholson, Deceased
FileNo,: 21-95-0645
Dear Sir or Madam:
Enclosed please find your invoice dated May 14, 1996 along with a check in the amount of
$10.00 for the filing fee for the Pennsylvania Inheritance Tax Return for the above referenced
estate,
Kindly acknowledge receipt of the enclosed by stamping and returning the accompanying copy of
this letter to me in the envelope provided. \
Very truly yours,
,
'Robin Clay
Trust Tax 0
00:
Addressee
Ron Kramer, Trust Officer
Thomas J. Hayden, Jr" Vice President
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INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGISTER OF WILLS)
COMMONWULTH 0' 'fNNSYLVAN1A
Df'AIUMfNT 0' REVENUf
Dm,2I"""1
HAIlIISlUItO. '11. 11 21.0601
o 191N' NAM! lLAI . 'IUt. AND MIDOll INITIAll
Nlcholson, Clarence D.
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IQCIALIlCUllfY NUMIU
OAt! O' DlA1H
COUNTY CODE
OI!i.IDIN "COMPU I: ADOlln
2J Creekview Drive
Carlisle, PA 17013
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'OR DATIS 0' DIATH AnlR 12/31/91 CHICKHIRI
I' A SPOUSAL
POVIRTT CRlDIT IS CLAIMID 0
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21-95-0645
YEAR
NUMBER
Co,",",
Cumberland
AMOUNT IfCIIVIO t$U INllIUCTIONS,
1 434,333.96
o 3. R.malnd.r R.tum
I'or dot.. of dooth prior 10 12.13.821
~ 5. Fed.ral Eslot. Tax R.turn R.qulr.d
LB. Total Numb.r of Saf._ Dlpo.lt 80...
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Mar Nicholson
o I. Original Rolu,n
o ... lImlt.d E.lot. 0 "a. Fulure Inler." Camp rami..
(10' dato. 01 doalh akor 12.12,B21
~ 6. O.c.d.nt DI.d Tlltot. KJ 7. D.ced.nl Molntaln.d a living Trust
IArtach copy 01 WillI (A"ach copy af Tru"1
ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMAnON SHOULD BE DIRECTED TO.
".... Robin Clay. Trust Tax Officer cO~7l:l'Wll'Dt~n~'
1632 Chestnut Street, 6th F1,
Philadelphia, PA 103
113-20-4924
8/10/95
[E 2. Suppl.m.nlol R.turn
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1. Rool E.toto (Schodulo Al ( II
2. Stod" and Bond. (Schodulo BI ( 21
3, Clo.oly Hold SladUPDrtno"hlp Intoro'IISchodulo q 131
4, Mortgogo. ond Na'o. Rocolyoblo IS,hodulo 01 (4)
5. Co.h. Banlc O.po.lt. & MI.c.llon.ou. P.rsonal Prop.rty ( 5 )
ISchodulo EI
6, Jolnlly Ownod Propo"Y 15chodulo FI
7, Tran.lo" (Schodulo G)ISchodulo II
B. TOlol Gran An.t. (Iotollln.. 1.7)
9. Funeral bp.n.... Admlnlllrotlve Cast.. MI.c.llan.ou. ( 9 )
bp.n.e. (Sch.dul. H)
10, Dob'., Martoago lIablllUo., 1I0n'ISchodulo I)
II. Total D.dudlon. (Iatal lIn.. 9 & 10)
12. N., Valu. of E.tote (Un. a mlnu. L1n, 11)
13. Chorllobl. and Gov.,nm.ntal a.quIII' (Sth.dul. J)
IA. N.t Volu. Sub.d to Tal (L1n. 12 mlnu. L1n. 13)
15. Spou.al Transf.rs (for dalll of d.ath aher 6.30.Q..)
5.. In.ttudlon. far Ar,pUtabl. Perc.ntag. on Aevers. (15)
Sid.. (Indud. va lUll rom Schedul. K or 5ch.dul. M.I
16. Amounl of lIn. 1.. taxabl. at 6% rot.
(Includ. valulI from Sch.dul. K or Sch.dul. M.I
17. Amount of lIn. IA 101abl. at 15% ral.
(Indude valulI from Sth.dul. K or Sch.dul. M.)
lB. Principal tax due (Add fOI from line. 15, 16 and 17.)
19. Credita Spou.ol Pov.rty Credll Prior Paym.nl' Ol.count
+ 1 ."'~ nn + 7~ nn
20..If L1n. 191. grea,., than lIn. lB, .nter the diH.r.nce on lIn. 20. Thl. I. the OVERPAYMENT.
1110
21. If line IB I. greOI., than lIn. 19, enter the diHer.nce on lIn. 21. This i. Ih. TAX DUE.
A. Enl.r ,h. Inl.rllt on ,h. bolanc. due on lIn. 21A.
8. Ent.r Ih. total of Un. 21 and 21A on Un. 218. Thl.l. the BALANCE DUE.
Make Ch.de Payable tOI Retl,"r of Will., Ag.n'
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(7)1.673.573,85
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(11) 80.060,51
1121 1.671,346,49
(13) ??7 nl? 5/;
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(14) 1,444,333.93
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(1SI 1 Jc;nn nn
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BI SUII TO ANSWER ALL QUESnONS ON REVERSE SIDE AND TO RECHECK MATH <: ~
Under penohl.. of plrlury. I dtdare Iholl hove .xomlned thl. return. Including otcompanylng .ch.dulll and 'Iot.menl', and 10 the b... of my lenowl.ds. and b.lI.f.
It I. fru.. corred and campl.t.. I d.da,. that 011 reol...at. hat blln r.port.a at true market volu.. O.c1arotlon of pllparer other than the personal repr...nlollv. I.
balld on all infarmallon of which preporer hat any lenowl.dg..
$IQHA'UII! 0"1 ON IIUONSlIll '0. flUNO .nUlN ADall!U DAn
PN~ Ba~ N:!,' lecutor 4.~ b-.. I.,', fI ,qq",
$IONA'UIl 0" 'AUlOTHU HAN ,.UIN1AlIV! ADDIlIS DAn '
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Chl'[~ hew if VOU ole rt'quc\ting n refund of your overpayment.
6. Humnne Society of the United Statcs One-fifth (115) of Charitable
Washington, D.C, Remainder Unitrust dated
11/9/93, as amended 2/2/95
($43,402,5 I),
7. American Society for the Prevention One-fifth (115) of Charitable
of Cruelty to Animals Remainder Unitrust dated
New York, NY 11/9193, as amended 212195
($43,402.5 I),
8, Animal Protection Institute One-fifth (115) of Charitable
Sacramento, CA Remainder Unitrust dated
11/9/93, as amended 212195
($43,402,5 I),
9. Guilding Eyes for Blind, Inc, One-fifth (1/5) of Charitable
Yorktown Heights, NY Remainder Unitrust dated
11/9193, as amended 2/2/95
($43,402,5 I),
10. Barnitz United Methodist Church One-fifth (115) of Charitable
23 Church Lane Remainder Unitrust dated
Carlisle, PA 17013-9106 11/9/93, as amended 2/2/95.
($43,402,52)
WILLSINICHOL-C.WIL
LAST WILL AND TBSTAMENT
01"
CLARENCB D. NICHOLSON
I, CLARENCB D. NICHOLSON, of Carlisle, Cumberland County, Pennsyl-
vania, declare this to be my last will and revoke any will previously
made by _.
ITEM rl I bequeath my automobiles, household and personal effects
and other tangible personalty of like nature (not including cash or
Aecurities) together with any existing insurance thereon, to my wife,
,
,
MARY NICHOLSON, if she survives me by thirty (30) days. '
~M rII I devise and bequeath the residue of my estate of every
nature and wherever situate, including any property over which I shall
have any power of appointment, to CCNB BANK, N.A. of Hampden Township,
Cumberland County, Pennsylvania, Trustee, to be added to and thereafter
treated as part of that certain trust created by me on )U~~l.~~t, ~~,
199-1-, to have and to hold, IN TRUST, for the uses and purposes and
subject to the terma and provisions thereof, includinq any alterations
or amendments thereto or any other trust which may hereafter be substi-
tuted therefore.
ITEM rrrl I appoint CCNO BANX, N.A., of Hampden Township, Cumber-
land County, Pennsylvania, guardian of any property which passes,
either under this will or otherwise, to a minor and with respect to
-1-
which I am authorized to appoint a guardian and have not otherwise
specifically done so, provided that this appointmsnt of a quardian
shall not supersede the right of any fiduciary in its discretion to
distribute a share where possible to the minor or to another for the
minor's benefit. Such quardian shall have the power to use principal
as well as income from time to time for the minor's support and educa-
tion (including college education, both graduate and undergraduate)
without regard to his or her parent's ability to provide for such
support and education, or to make payment for these purposes, without
further responsibility, to the minor or to the minor's parent or to any
person taking care of the minor.
I
.
.
ITEM IVI All federal, state and other death taxes payable because
of my death, with respect to the property forming my gross estate for
tax purposes, whether or not passing under this will, together with any
interest or penalty imposed in connection with such tax, shall be
considered a part of the expense of the administration of my estate and
shall be paid from my residuary estate without apportionment or right
of reimbursement provided that any taxes on the trust created by me on
It; <>-Iff ~ )... 7 , 199.1., may be paid from the a..eta of that trust
as provided therein.
ITEM VI My Bxecutors, Trustees and Guardian shall have the
following powers in addition to those vested in them by law, and by
other provisions of my will applicable to all property, whether princi-
-2-
.
, I
pal or income, including property held for minors, exercisable without
court approval and effective until actual distribution of all property'
A. To retain any or all of the assets of my estate, real or
personal, including any stock of my corporate fiduciary or of its
parent holding company, without regard to any principle of diversifica-
tion.
B. To invest in all forms of property, including stocks,
common trust fund. and mortgage investment funds whether operated by my
corporate fiduciary or others, without restriction to investment.
authorized for Pennsylvania fiduciaries, a. they deem proper, and
without regard to any principal of diversification. ~
I
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property and to give
option. for sales, exchanges or lease., for such price. and upon such
terms or conditions as they deem proper.
D. To allocate receipts and expenses to principal or
income, or partly to each, a. they, from time to time, think proper in
their Bole discretion.
B. To borrow from, or to sell to, my Trustee. even though
such Trustee. may by my Bxecutor.
P. To compromise any claim or controver.y.
G. To join with my wife, MARY NICHOLSON, or her per.onal
repre.entative, in filing a joint income tax return without rsquiring
her to indemnify my e.tate against liability for the tax attributable
to her income and to con.ent to any gift made by my wife during my
-3-
SIGNED, SBALBD, PUBLISHED and DECLARED by CLARENCB D. NICHOLSON,
the Testator above named, as and for his Last Will and Testament, and
in the presence of us, who at his request, in his presence and in the
presence of each other, have
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subscribed our names as witne.se..
L<.-~ /l h
Address (
CNr1(J f-lILL. ,f'IJ. /70 I I
Address '
COMMONWEALTH OF PBNNSYLVANIAI
:SS:
COUNTY OF CUMBERLAND :
,
I, CLARENCB D. NICHOLSON, the Testator whose name is signed to;the
attached or foregoing instrument, having been duly qualified according
to law do hereby acknowledge that I signed and executed this instrument
a. my last wil11 that I signed it willingly and that I signed it as my
free and voluntary act for the purposes therein contained.
c!...t'({2,l1'( 0 [tdU~
CLARENCB D. NICHOLSON
Sworn to or affirmed to and acknowledged before me by CLARENCE D.
NICHOLSON, the Te.tator, this a7 day of NtJVlm Iu",. , 1991.
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NalIIlII s..I
IIII1AmE'R*l',~NIIo
CIrIIIt Baro; ClIi'tIIWiI Ccu'I\t
Myc........... E>;nI,\pIlll, lGl1ll
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AMENDMENT TO
REVOCABLE TRUST AGREEMENT
;1
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THIS AMENDMENT, made this ::2 n cl day of ~bru" r 4-' 1995,
a Revocable Trust Agreement between CLARENCE D. NttHOLSON of
unto
23 Creekview Drive, Carlisle, Cumberland County, and Commonwealth
of Pennsylvania ("Settlor") and PNC Bank, N.A., ("Trustee") I
WIT N E SSE T HI
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WHEREAS, the parties hereto entered into a Revocable Trust
Agreement dated Oetcbcir :l.ls:1i19941 and
WHEREAS, under Article Seventh of said Revocable Trust
Agreement the settlor reserved the right to revoke and amend the
said trustl
NOW ~HERE1"ORE, it is agreed between the parties hereto that
Article Second "E" of the said Revocable Trust Agreement is
revoked, and in its place the following is substituted:
"E. Upon the death of the settlor's wife, Mary Nicholson, or
upon the settlor's death, if his wife predeceases him, the trust
shall terminate and the then remaining principal and accumulated or
undistributed income shall be distributed as set forth below. Each
of the following bequests shall be made in honor of Settlor's wife,
MARY NICHOLSON, if Settlor predeceases herl and, if Settlor's wife
predeceases Settlor, each of the following bequests shall be made
in loving memory of Settlor's wife, MARY NICHOLSON, and the
Settlor's parents, DAVID and BEATRICE NICHOLSON, and loved onesl
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"(1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
its successorl
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(2) The sum of $5,000.00 to the SAINT MATTHEW'S LUTHERAN
CHURCH, now of 663 North Main Str~et, Wilkes-Barre, Pennsylvania,
or its successorl
(3) The sum of $5,000.00 to the Settlor's sister-in-law,
ANN GUGLIOTTA, now of Maplewood, New Jersey, if she is then living.
If the said ANN GUGLIOTTA is not then living, her share shall be
distributed to her widower if he is then living and if he is not
then living her share shall be added to the residuary disposition
set forth below in (5)1
(4) The sum of $5,000.00 to the Settlor's sister-in-law,
LEAH FEINGOLD, now of Emerson, New Jersey, if she is then living.
If the said LEAH FEINGOLD is not then living her share shall be
!i distributed to her widower if he is then living and if he is not
:1 then living her share shall be added to the residuary disposition
I
II set forth below in (5) 1
(5) All the rest, residue and remainder thereof to be
'I
: distributed in equal shares as follows:
I
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,
'I
(a) One-fifth to the HUMANE SOCIETY OF THE UNITED
STATES, now of 22100 L Street NW, Washington, D.C. 20077-6844, or
its successorl
(b) One-fifth thereof to the AMERICAN SOCIETY FOR
THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-Second
Street, New York, New York 10130, or its successor 1
2
.
(c) One-fifth thereof to the ANIMAL PROTECTION
INSTITUTE OF AMERICA, now of P,O. Box 22505, Sacramento, California
95822-9986, or its successorl
(d) One-fifth thereof to GUIDINGS FOR THE BLIND,
INC., now of Yorktown Heights, New York 10598-9998, or its
successorl
(e) The remaining one-fifth thereof to BARNITZ
UNITED METHODIST CHURCH now of 23 Church Lane, Carlisle,
Pennsylvania 17013-9106, or its successor."
In all other respects Settlor hereby ratifies and confirms the
Revocable Trust Agreement dated Oetc~r ~/st)1994, together
"
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l~ Trust Agreement.
i IN WITNESS WHEREOF, intending to be legally bound hereby, the
'I
~' parties have executed this Amendment to Revocable Trust Aqreement
....the day
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with this amendment, which now constitute the entire Revocable
r:!..,dftl)Lt, at;.~.
CLARENCE D. NICHOLSON
(SEAL)
PNC BANK, N.A.
BY ~ C. ~ (SEAL)
Viee. rrt!'s~Je",t a....d "-.,.ust cr4+"cer
3
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COMMONWEALTH OF PENNSYLVANIA)
) 55.
COUNTY OF CUMBERLAND )
On this, the /.;{nct day of (p/)(U!I ry , 1995, before
me the undersigned officer, a Notary Public, personally appeared
CLARENCE D, NICHOLSON, known to me (or satisfactorily proven) to be
the person whose name is subscribed to the within instrument and
acknowledged that he executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal the day and year first above__~~:~~n. , ~ ~
~J )bIJ?f)(j~ _~
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COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF QLlrnbf(lo..nd. l 55.
On this the ~ day of
me, the undersigned
C ,..o.;j C. . buO'\V\
of PNC Bank, N.A"
officer, a
Notary Public
.-..-
DeIxnn a.. __, NalIIy PI'*'
1"~~~_Ilcnl,C~~
., ~ ..,....., E>;ns Moy 6. 1996
...~Cf
Fp brun r''1
Notary Pubic, personally app~ared
V i~e p,.t's~de-I,t ~4
, "'-;'''~T 0 leer
, 1995, before
,
Successor to CCNB Bank, N.A., and that he as
such officer, beinq authorized to do so, executed the foregoing
instrument on behalf of PNC BANK, N.A..
IN WITNESS WHEREOF, I have hereunto set my
seal.
"
--..11II
O.bIl....'Sue Sllltret, ~ PIJlIll
H:"VSr.1\tl(lsBoro,Cu-.nl
1~'Com/rosslOne..;n.M3'f6,1996
4
.p\tn\n1chohn.c1.a\10-94 r....,,,.r-L' lJ
· ,,LA 'I ,;Jx,Y"Jd (~. IljzTll b~6
)
REVOCABLE TRUST AGREEMENT
THIS AGREEMENT 01"
CChild y-
TRUST, executed in duplicate this
:1ld'day of
, 1994, by and between CLARENCE D. NICHOLSON, of 23
Creekview Drive, Carlisle, County of Cumberland, and Commonwealth of
Pennsylvania, (hereinafter called the "Settlor") and PNC BANK, N.A.,
(hereinafter called "Trustee")1
WIT N ESE T HI
WHEREAS, Settlor has transferred to the Trustee all the property
described in Schedule A annexed hereto 1 and
WHEREAS, Settlor has designated the Trustee as beneficiary under
the life insurance policies described in Schedule B annexed hereto,
NOW, THEREFORE, Settlor hereby establishes with Trustee a trust
consisting of the property described in the aforesaid Schedule A,
together with all other property, real or personal, that may be added
to the trust and including the proceeds of any policies of life
insurance in which the Trustee is named as beneficiary (such property,
additions and proceeds being hereinafter callsd principal) to be held
by the Trustee, IN TRUST, for the following uses and purposes:
FIRST: During the lifetime of the Settlor:
A. The Trustee shall pay the net income to the Settlor in
such periodic installments as the Trustee shall find convenient, but
at least as often as quarter-annually.
-1-
.
, .
B. The Trustee may apply the net income of this Trust for
the support of the Settlor should he by reason of age, illness or any
other cause, in the opinion of the Trustee, be incapable of disbursing
it, And Trustee is further authorized to expend or apply from the
principal of this Trust such sums as it, in its sole discretion, may
from time to time deem advisable for the support of Settlor to main-
tain him in the station of life to which he is accustomed at the
creation of this Trust or during illness or emergency.
C. The Trustee shall pay so much of the principal of the
Trust up to the entire amount of principal to the Settlor as the
Settlor shall request in writing.
D. If the Settlor is, in the opinion of the Trustee,
disabled by reason of age, illness or any other cause, the Trustee
may, but is not required to, apply for Settlor' a wife's benefit as
much of the net income and principal of this Trust as Trustee may deem
advisable for Settlor's wife's support to maintain her in the standard
of living to which she is accustomed at the creation of this Trust,
taking into account her other readily available assets and sources of
income.
SECOND: Upon the death of the Settlor, the Trustee shall hold
all of the principal as a separate trust under this Article Second for
the following uses and purposes.
A. To pay the net income therefrom to Settlor's wife, MARY
NICHOLSON, for and during her lifetime in such periodic installments
-2-
.
as Trustee shall find convenient, but at least as often as quarter-
annually.
B. As much of the principal of this trust as Trustee, in
its sole discretion, may from time to time deem advisable for the
support of Settlor's wife to maintain her in the station of life to
which she is accustomed at Settlor's death, or during illness or
emergency, shall be either paid to her or elee applied directly for
her benefit by Trustee after taking into account her other readily
available assets and sources of income.
C. Trustee may apply the net income of this trust for the
support of Settlor's wife, MARY NICHOLSON, should she by reason of
age, illness or any other cause, in the opinion of Trustee, be incapa-
ble of disbursing it.
D. This Trust is intended to empower Settlor's executor to
qualify this gift or as much thereof as if it deems advantageoue for
the qualified terminable interest property provision set forth in
Section 2056(c)(7) of the Internal Revsnue Code, as amended, and
Settlor's executor is hereby authorized to make the election to
qualify or not to qualify. As such Settlor directs that (1) if any
provision of Settlor's will or trust shall result in depriving this
Trust of the benefits of IRC S 2056(c)(7), if elected, such provision
is hereby revoked and Settlor's will and trust will be read as if any
portion thereof which would result in such disqualification is null
and void; (2) Settlor's executor is hereby excused from liability to
any person or party for the decision to elect to have this Item
-3-
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I,"~ 't't;
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\,:
\.
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qualify for the marital deduction or for the decision to elect not to
so qualify it; and (3) no reimbursement or other adjustment shall be
made as among beneficiaries by reason of the consequences of such
election or failure to elect.
E. Upon the death of the Settlor's wife, MARY NICHOLSON, or
upon the Settlor's death, if his wife predeceases him, the trust shall
terminate and the then remaining principal and accumulated or undis-
tributed income shall be distributed as sst forth below. Each of the
following bequests shall be made in the honor of Settlor's wife, MARY
NICHOLSON, if Settlor predeceases her; and, if Settlor's wife prede-
ceases Settlor, each of the following bequests shall be made in loving
memory of Settlor's wife, MARY NICHOLSON, and the Settlor's parents,
DAVID and BEATRICE NICHOLSON, and loved ones:
'(1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
its successor;
(2) The sum of $5,000.00 to the SAINT MATTHEWS LUTHER-
AN CHURCH, now of 663 North Main Street, Wilkes-Barre, Pennsylvania,
or its successor;
(3) The sum of $5,000.00 to the SAINT JOHNS ANGLICAN
CHURCH, now of Ancaster, Ontario, Canada;
(4) All the rest, residue and remainder thereof to be
distributed in equal shares as follows:
-4-
.
(a) One-Fourth to the HUMANE SOCIETY UNITED
STATES, now of 22100 L. Street, NW Washington, D.C. 20077-6844, or its
successorl
(b) One-fourth thereof to the AMERICAN SOCIETY
FOR THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-
Second Street, New York, New York, 10130, or its successorl
(c) One-fourth thereof to the ANIMAL PROTECTION
INSTITUTE OF AMERICAN, now of P.O. Box 22505, Sacramento, California
95822-9986, or its successorl
(d) The remaining one-fourth thereof to GUIDING
EYES FOR THE BLIND, INC., now of Yorktown Heights, New York, 10598-
9998, or its successor.
F. Should Settlor's wife, MARY NICHOLSON, be, in the
opinion of the Trustee, incapable of properly disbursing principal and
income to be distributed to her because of age, illness or other
cause, and should it be impossible or inadvisable, in the opinion of
the Trustee, for such funds to be paid to MARY NICHOLSON, such funds
may be held, in the sole discretion of Trustee, IN FURTHER TRUST, and
Trustee may accumulate the income and shall apply from time to time
such portions of income, accumulated income, and principal from this
further trust as it thinks proper for the said MARY NICHOLSON's
support and general welfare. The trust created under this subpara-
graph F. may be added to the original trust created herein for
administrative purposes.
-5-
.
THIRD I The interests of the beneficiaries hereunder shall not be
subject to anticipation or to voluntary or involuntary alienation.
FOURTH I Trustee shall have the power, but not the duty, to make
such expenditures out of the principal, as it, in its uncontrolled
discretion, may consider desirable in order to facilitate the settle-
ment of Settlor's estate and also in the event Settlor's wife survives
him, in order to facilitate the settlement of her estate. In exercis-
ing such power, Trustee may pay, in whole or in part, any or all of
the following items: the expenses of Settlor's or Settlor's wife's
last illness and burial, including cost of any gravemarker; his or her
debts; his or her income taxes; the death taxes on any or all property
including in his or her gross estate for tax purposes; and all other
items in connection with the settlement of his or her estate. Any
such items may be paid directly by Trustee or the funds for their
payment may be transferred by Trustee to Settlor's or Settlor's wife's
executor or administrator; and neither such executor or administrator,
nor any beneficiary of Settlor's or Settlor's wife's estates shall be
required to reimburse Trustee for any funds so paid or transferred.
All such death taxes on present or future interests shall be paid at
Duch time or times as Trustee may think proper, regardless of whether
such taxes are then due.
FIFTHI Trustee shall have the following powers in addition to
those vested in it by law and by other provisions of this trust,
applicable to all property, principal and income, including property
-6-
.
- -. \._-
held for minors, exercisable without court approval, and effective
until actual distribution of all property.
A. To retain any or all of the assets of this trust, real
or personal, including stock of the Corporate Trustee or its parent
holding company, if such should exist, without regard to any principle
of diversification.
B. To invest in all forms of property, including stock,
common trust funds and mortgage investment funds, without restriction
to investments authorized for Pennsylvania fiduciaries, as they deem
proper, without regard to any principle of diversification.
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property, and to
give options for sales, exchanges or leases, for such price and upon
such terms and conditions as they deems proper.
D. To allocate receipts and expenses to princlpal on income
or partly to each as the Trustee from time to time thinks proper in
their sole discretion.
E. To compromise any claim or controversy.
F. To distribute in cash or kind or partly each.
G. To hold property in its name without designation of any
fiduciary capacity or in the name of a nominee or unregistered.
SIXTHr Trustee shall have no duty to pay any premiums on the
life insurance policies subject hereto and the companies issuing such
policies shall have no responsibility to see to the fulfillment of
this trust or the application of the proceeds of such policies and
-7-
.
Trustee shall have no duty to bring suit upon any of the life insur-
ance policies subject hereto unless they hold funds hereunder out of
which they may be indemnified against all coats, legal fees and other
expenses of Buit.
SEVENTH I Settlor reserves to himself the following rights (each
of which may be exercised by Settlor alone whenever and as often as
Settlor may wish):
A. All rights now or hereafter vested in Settlor as the
owner and the insured under the life insurance policies subject
hereto, including, but not limited to, the rights to change beneficia-
ries, to borrow on policies either from the issuing companies or from
other institutions or other persons, to assign and pledge policies for
any loan, and to receive dividends and all other payments available to
the owner and the insured; and
B. The right by an instrument in writing, intended to take
effect during Settlor's lifetime, signed by Settlor and delivered to
the Trustee, to revoke or amend this agreement in whole or in part,
provided that the duties, powers and liabilities of the Trustee shall
not be substantially changed without their written consent.
EIGHTH I Subject to the approval of Trustee, anyone may add
property, real or personal, to the principal of this trust by deed,
will or otherwise.
NINTH I The Trustee shall receive compensation for the perfor-
mance of its functions hereunder in accordance with its standard
-8-
.
COMMONWEALTH OF PENNSYLVANIA)
) SS.
COUNTY OF CUMBERLAND I
On this the
day of
"
, 1994, before me,
the undesigned officer, a Notary Public, personally appeared CLARENCE
D. NICHOLSON, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged
that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and notarial
seal.
~,~()l,-~
Notary Public
~a'.~~~~~
Mt~=""'e.'900
.'OJRl ~.oi .on;t "',cl:lMli
'.oUlr:oer.
COMMONWEALTH OF PENNSYLVANIA)
) SS.
COUNTY OF CUMBERLAND )
On this the /' I !,'/ day of
,-- I' ,1' ,,;;/ .(
, 1994, before me,
the undersigned officer, a Notary Pubic, personally appeared J rl
SI/llt I, 'I , who acknowledged himself to be the Vice
President of PNC BANK, N.A., and that he as such Vice President, being
authorized to do so, executed the foregoing instrument by signing the
name of the corporation by himself as Vice President.
IN WITNESS WHEREOF, I have hereunto set my ha
seal.
Notary pu ic
__~tI.::~~
MyOJ.r=~~''l\''l. 1911; I
0riiii;lVi --....
"'_ ....~-~.,~.n..I,.UJ.....-
.\IUI._. ...... .,.... .'-
-10-
.
PNC Dank, N,A,
17th '" ChellnU\ Slree\J
P,O, nn. 7648
Philadelphia, PA 19101-7648
2 U SKI SUIlO,.,,1
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PNCBANK.
September 9, 1996
Register of Wills
Cumberland County Courthouse
Carlisle, PA 17013.3387
Re: Estate or Clarence D, Nicholson, Deceased
Date or Death: August 10, 1995
File No,: 21.95-0645
Dear Sir or Madam:
Enclosed please find the Supplemental Pennsylvania Inheritance Tax Return for the above
referenced estate, along with the following attachments:
1. Copy of decedent's will;
2, Copy of Charitable Remainder Unitrust dated 11/9/93, as amended 2/2/95,
When the original return was filed, the charitable bequests were reported according to the tenns
of the Charitable Remainder Unitrust dated 11/9193 which evenly distributes the trust into four
equal shares to four charitable organizations, The subsequent amendment dated 2/2/95 distributes
the trust into five equal shares to five charitable organizations,
This supplemental return is being filed to incorporate the inclusion of the fifth charity, the Damitz
United Methodist Church, as an additional institution which should be reported as receiving one-
fifth of the charitable remainder unitrust, There are no other changes to the return and the tax
computation remains the same,
Kindly acknowledge receipt of the enclosed by stamping and returning the accompanying copy of
this letter to me in the envelope provided,
Very truly yours,
~q
Robin Clay, ~ax Officer
cc: Ronald Kramer, Tax Officer
David H. Stone, Esquire
Thomas J, Hayden, Jr" Vice President
Addressee
g~ ~
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:JJ
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11S0100lIO
.
."\ Co'
I:> :,>;\ -.J
[J,.-
REV-1547 EX AFP (12"95*
CO""OHWEAlrH Of PENNSYLVANIA
DEPAAlHEHr OF REVENUE
BUREAU OF INDIVIDUAL TAMES
DrPT. 110601
HARRISIURG, Pi .71"-0601
ACN 101
NOTICE OF INHERITANCE TAX
A~PRAISEHENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSHENT OF TAX
DATE 09-23-96
FILE NO,
08-10-95 COUNTY CUMBERLAND
NDTE. TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBHIT THE UPPER PORTION OF THIS FORH WITH YOUR TAX
PAYHENT TD THE REOISTER OF WILLS. HAKE CHECK PAVABLE TO "REOISTER OF WILLS, AGENT"
REMIT PAYMENT TO:
ROBIN CLAY
cIa PNC BANK
1632 CHESTNUT
PHI~A
ST 6TH
PA 19103
REGISTER DF WILLS
CUMBERLAND CO CDURT HOUSE
CARLISLE, PA 17013
AMount ReMitted
.
. CUT' ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS .....
'iiEV :i54;-ix""Aiip""ii'lf:9si""Niifici""oF"YNHEiiiTANCE-YiirXpjijiiiisiifiNT-'""ALi:OWA;(CE-iiim_-_mm - - no
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
CLARENCE D FILE NO, 21 95-0645 ACN 101
TAX RETURN WAS. ( I ACCEPTED AS FILED ( XI CHANGED SEE
ESTATE OF NICHOLSON
DATE
ATTACHED
09-23-96
NOTI CE
RESERVATION CONCERNING FUTURE INTEREST " SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL' RETURN
1. R..I Ed.i. (Schedul. AJ 11)
2. stock. and Bonda (Schedul. 8) (2)
5. Clo..ly Held stock/Partnership Int.r..t (Schedul. CJ (3)
4. Hortg.g.I/Hot.. Rlceivabl. (Schedule D) (4)
S. C..h/8ank Depollta/Hllc, Paraonal Property (Schedul. EJ IS)
6. Jointly Owned Property (Schedule FJ (6)
7. Transfara (Schedul. OJ (7)
8. Tat.l A...t.
.00
,00
,00
,00
77,833,15
.00
1.673,573,85
(al
1,751,407.00
APPROVED DEDUCTIONS.AND EXEMPTIONS:
9. Fun.ral Expan.../Ad.. COlt./H1IC. Expan... (Schedul. HJ (,)
10. Debts/Hortg.ge Llabiliti../Llana (Sch.dul. IJ (10)
11. Total Deduotlon.
12. Nat Value of Tax Return
. 15. Charltable/Govern..nt.l D.qua.t. (Schedule J)
14. Nat Value of Eat.t. SUbjeot to rax
70,180.01
9.880.50.
nIl
n21
n51
n41
AO,060 ~1
1,671.346.49
227,012,56
1,444,333,93
NOTE I
If an assassmant was issued previOUSlY, lines
reflect figures that include the total of !hb
ASSESSMENT OF TAXI
IS. AMount of Lina 14 at Spou..l rat. liS)
16. AMount of Llna 14 taxable at Lln.al/CI... A rat. (16)
17. AMount of LJna 14 ta.abl. at Collateral/CI... 8 rat. (17)
18. Prlnolpal Tax Dua
14, 15 and~or 16, 17 and 18 will
returns assesssd to date.
346.90 X .00.
.00 X .D6.
10.000.00 X .15.
nal
.00
,DO
1,500.00
1.500,00
TAX CREDITS I
PAYHENT
DATE
11-09-95
RECEIPT
IM1BER
AA082310
DISCOUNT C +1
INTEREST (-I
75.00
AHOUNT PAID
1,425,00
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN,
TOTAL DUE
i"
I
1,500.0Q
,DO
.00
,00
· IF PAID AFTER DATE INDICATED. SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST,
IF TOTAL DUE IS LESS THAN II. ND PAYHENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRI, YOU HAV BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS,)
REv.,nOEX t5-941
PROBATE
"Hili
'* INHERITANCE TAX
EXPLANATION
COMMON'M!AllH OF PENNSYLVANiA OF CHANGES
DEPARTMENT OF REVENUE
BUREAU 0' INDMDUAL TAXEI
DEPT. 280&01
HARRISBURG PA l1t28.ooo1
Clarence Nlcholaon "LO; 2195-0645
ACN 101
SCHEDULE ITEM EXPLANATION OF CHANOES
NO,
The amount on line 15 does not Include assets passing to a truat or slmllsr
arrangementfor which a Section 2113 election has not been made (72 P. S, 9113).
The reported values of the excluded assets have not been verified by the
Department of Revenue,
TAX EXAMINER: Bill Lyons
PAGE 1
ROW Copy
LJ1 t-:<
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CO
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In
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Ell
VI
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<vu: "'8
u: 13
PllRPOSf: .,
NOTlCEI
To fulfJU the requlr..-ntl o. SICUon 2145 (bJ of the InherJt."u end Estll. hlil Act, Ad ZZ 01 lnl.
(71 P.S. hcUon 114&).
PAvtEHTI
Detach the top portion 01 thl. NoUe. WId ,ubIIlt with you.. pIYlent to the RIglltor of WUII prlntld on thl
rawr.. .....
.._ .... cMck or 110M)' order plyllb.. tal REGISTER OF MILLS, AGENT.
AU P.,...,tl rKalved ahtIl1 b. appUMt flnt to MY Int.r..t which NV be due .,1th In_ r...lneter IIPPUed to tM tllC.
. REFUND (tA) I " ,..,\nII of . tlX credit -v be ,......teel bv cOIIPlaUnt M -appllclUon far .dund of PI"'tlvlvMII
Inherlt.ncl WId flt.t, T.'- tREV-1stS). Application. .r. av.JI~l. at th. Of,IcI of tn. ...Iat.r of Will.,
env o' the ZJ A,venutl Dhtrlot a"le.. Dr fr~ the a....rt...,t". Z4~hoUr IIft'WIIdng IIrvJu ftlatHltI 'or far" ordering I
In P,"".,lv.".' 1-100-S6Z-Z050, out.lda penn.vivant. ~ within 10cl1 Hlrrl.bUrg .r.. (111) 7.7-1094,
fDD. (717) 772.'151 IHe.rl", I,,"red Dnlv).
OBJECTIONS1' Any p.rtv In Int.r..t not ..tl.fled with the .......ent of t.. .. .hown on thl. notlc. "V object within
.I~ty (6D) d.y. of racalpt of thl. Hotlca bYI
.-wrltten prot..t to the Pi Depert.ent of AIVMUe, 10lrod of Appalll, Dept. 211021, Harrhbura, PA 17UI-1G21, OR
< ....llM1tlng to hava the ..ttar datar.IMet et DUdlt of the per.onal r.pr......t.tlv., OR
.-a"..1 to the orph.".' Court.
ADlnN-
ISTAAnYE
CORRECTIONS I Faotuel .rror. dhcovaracl on thl. .........,t .hould be Mldr...ad In wrlUng tal PA Dap.rh..nt of Ravanua,
lur..u af Individual T...., ATTHI Po.t A......-nt A.vl... unit, DIPt, Z10611, H.rrl.burl, PA 11121.0611,
PhoM (717) 717-65U. Sea p.ge 5 of the bookl_t "In.truatlon. for Inherlt-nea T.IC Aaturn for' A.aldant
Oacldant.. (REV:15D!) for en alCPlanatlon af adalnl.tr.tlv.ly corractlbl. .rror..
PENAL TV I
ThtI 15X t.. .....t1 non.partlclp.tlon pMIIlty 11 eoeput.d on th. tot.l of the tax and Intlr..t ......ad, WMI not
paid bafare J~.ry II, I"~, thl flr.t d.v .ft.r thl and of the tllC ......tv period. Thl. non.p.rtlolp.tlon
paneltv II appealabl. In thl .... all"lMr Md In the the .... tl.a period .. vou would app..l thl ta. MCI lntar..t
thlt haa blan .......d .. ,lncHeat.d on thlt notlcl.
INUREIT I
For d.... of duth on or aft.r 1G-S~91, PIIMnlv",la (.tat. Ta. b..ad on thl F.der.1 E."t. T.IC
return baOOM. Hllnqu."t et the tiMplratlon of f'ilna (19) Mnth. frOll \hi d.ta of d..th.
For d.t.. of d..th prior to 1O"S.91, Pann.vlv."l. (.tat. Ta. b...d Dn the fadaraIElt." ra. return
bacoae. dallnquent .t the aMPlr.tlon of .Ightaan (1') aonth. fru. the data of de.th.
T.IC.. which b.e... d.llnquent bafor. J~.rV I, 1912 b..r Int.r..t .t the r.t. of .1. (6~) p.rcent p.r ~
calcul.tad at a d.Uv rat. 0' .DDDI6'. . All ta... which b.e... dallnqu.nt on or aft.,. :,anuery 1, 191Z will bur
lnt.r..t .t . r.ta which will v.rv frOll c.landar v..r to c.lend.r y..r with that r.t. announc.d by thl PA
Dep.rt.....t of A.vanua. Th. appllcltbl., Int.r..t rat.. for 1912 through 19" .,..,
V..,. Int.,...t A.t. D.llY Jnt.ra.t Factor V..,. Int.,...t Rat_ DaUy Int.,...t F.otor
1911 ..X . DDD548 1911 'X .000241
1915 I6X .aaDUI 19a1~I991 IIX ,000501
19" IIX .001501 1992 . 'X .000247
1911 ISX .DDDU6 1995.1994 7X .000192
I'" lOX .allz" InS.I996 'X .000Z41
.-Int.ra.t II c.lculated .. 'ollowlI
INTEREST . BALANCE OF TAX UNPAID X NUNBEI OF DAYB DELINQUENT X DAILY INTEREST FACTOR
--Any Hatlc. llsued .ft.,. thl t.lC b.cOMl. d.lInquant will ,,11.ot an Int.,...t c.lculaUon tD flft..... US) d.V'
bevond the date of the .......-nt. Jf p.v-ent la .ade .ft.r the Int.ra.t coaputltlon d.ta .hown on thl
Hotice, Iddltlona. Int.r..t au.t b. calcul.ted.
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ROBIN CLAY
C/O PNC BANK
1632 CHESTNUT
PHILA
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE Or- DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSINO LETTER
DAT!
ESTAT! OF
DATE OF DEATH
FILE NUMDER
COUNTY
ACN
*'
BUREAU Of INDIVIOUAL TAXES
IHHfRITAHCl 'AX DIVIIION
DEP1'. 210601
HARRISBURG, PA 17121-0'01
..,.,..u," I"""
10-2B-96
NICHOLSON
08-10-95
21 95-0645
CUMBERLAND
202
A.........t R..Uhd
CLARENCE D
ST 6 FL
PA 19103
MAKE CHECK PAYABLE AND REMIT PAYMENT Tal
REGISTER OF WILLS
CUNBERLAND LO COURT HOUSE
CARLISLE, PA 17013
NOTEI To lnaur. proper cr.dlt to your account, aub.lt the upper portion of thl. for. Hlth your t.x p.~t.
CUT ALONO THIS LINE .. RETAIN LOWER PORTION FOR YOUR FILES ....
R-iv:73j;-EX--AFP'-(07~-96i-----.-i-ND-ficif-oF--DiTifRHiiiATiCiN-Aiio-AiisESiiHENi(----------------------------
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSINO LETTER ..
ESTATE OF NICHOLSON
CLARENCE D FILE NO.21 95-0645
ESTATE TAX DETERMINATION
ACN 202
DAT! 10-2B-96
1. Cr.dit For Stat. D..th Tax.. a. V.rifi.d 15.696,97
2. P.nn.ylvani. Inh.rit.nc. Tax A......d 1,425.00
(Excluding Di.count and/or Int.r..t)
3. Inh.ritanc. Tax A.a....d by Oth.r Stat.. .00
or T.rritori.. of the Unit.d Stat..
(Excluding Diacount and/or Int.r..t)
4. Total Inh.ritanc. Tax A......d 1,425,00
5. P.nn.ylvania E.tat. Tax Du. 14,271.97
6. Amount of Pann.ylvania E.tat. Tax Praviou.ly A~~==..d
U..ad on F.d.ral E.tat. lax K.turn 14,~11,?1
7. Additional P.nn.ylvania Estata Tax Dua .00
TAX CREDITS I
PAVMENT
DATE
RECEIPT
NUMBER
DISCOUNT (+)
INTEREST (-)
AMOUNT PAID
'", I
TOTAL TAX CREDIT ,00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOiAL DUE ,00
elf PAID AfTER TN IS DATE. SEE REVERSE SIDE IIf TOTAL DUE IS LESS TNAN II. NO PAYMENT IS REQUIRED
fOR CALCULATION Of ADDITIONAL INTEREST. If TOTAL DUE IS REfLECTED AS A "CREDIT" ICRI. YOU MAY BE
DUE A REfUND, SEE REVERSE SIDE Of THIS fORN fOR INSTRUCTIOHS.)
. :'-Sb2..
P,O. 00. 7618
,Phlladelphla,I'A 10101
FORMtOUUl2lt81
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RECEIVED FROM.
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PNC BANK N A
POBOX 308
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CAMP HILL. PA
17001-0308
!STATE INFORMATION.
!II I M R
iii 21-199:1-0645
!II NAME OF DECEDENT lAST)
~ NICHOL80N CLARENCE
II DATE PAYMENT
II POSTMARK D.O.TE
COUNTY
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D
113-20-4924
(MI)
CUMBERLAND
DATE OF DEATH
fa TOTAL AMOUNT PAID
REMARKS
PNC BANK
.15,07:1.71
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RECEIVED BY 9J/'(i/L'j "'I'~1{ .0/4 '
$I AT.n/{ // {j t: /
MARY C. LEJI S ,9'/jotPJ<;..rJ;7
RE6ISTER OF WILLS
.sEAL
CHECK II 024474:16
REGISTER OF WILLS
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COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
aIY.lmU"'IlI.HI
BUREAU OF INDIVIDUAL TAXES
INHlAITAHt! TAX DIVISION
DEPT. 1I061l
HARRlllURO, PA 1111'.0'D1
ROBIN CLAY
CIO PNC BANK
1632 CHESTNUT ST
PHILA
DATE
ESTATE OF
DATE OF DEATH
FILE NUHBER
COUNTY
ACN
01-21-97
NICHOLSON
OS-10-95
21 95-0645
CUHBERLAND
202
A.....t Red HOld
CLARENCE D
6 FL
PA 191U3
HAKE CHF.CK PAYABLE AND REHIT PAYHENT Tal
REGISTER OF WILLS
CUHBERLAND CO COURT HOUSE
CARLISLE, PA 17013
HOTEl To In.ur. proper credit to your ~Gount, aub.lt the upper portion of thla for_ with your tax pav-ent.
CUT ALONG THIS LINE ... RETAIN LOWER PORTION FOR YOUR RECORDS ~
iiiy=Uiiii-ix-Aj:ji-ii'F96y------iiilii-iNHiiiii'jiNCi'"fiix-s;'A'TEHENf"oTAccciuiiT--iiliii---------------------
ESTATE OF NICHOLSON CLARENCE D FILE NO. 21 95-0645 ACN 202 DATE 01-21-97
THIS STATEHEHT IS PROVIDED TO ADVISE DF THE CURRENT STATUS DF THE STATED ACN IN THE NAHED ESTATE, SHOWN BELOW
IS A SUHftARV OF TNE PRINCIPAL TAX DUE, APPLICATION OF ALL PAVHEHTS, THE CURREHT BALANCE, AND, IF APPLICABLE,
A PROJECTED IHTEREST FIGURE.
DATE OF LAST ASSESSHENT OR RECORD ADJUSTMENT, 10-21-96
PRINCIPAL TAX DUEl. ,00
PAYMENTS (TAX CREDITS).
PAYMENT
DATE
12-24-96
RECEIPT
NUMBER
AA1S5006
DISCOUNT (+)
INTEREST (-)
.00
15,075.71
AMOUNT PAID
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TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
15,075.71
15,075.71CR
.00
15,075.71CR
. IF PAID AFTER TNIS DATE, SEE REVERSE
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN .1,
HO PAV"ENT IS REQUIRED.
l' TOTAL DUE IS REFLECTED AS A "CREDIT" (CRI,
VDU NAV BE DUE A REFUND. SEE REVERSE SIDE OF THIS FO~ FOR INSTRUCTIONS. I
1117901
PRIVATE BANK
PNCBANK
CLARENCE D NlCHOLSON
W1l
PROCEEDS FROM SALE OF PERSONAL
PROPERTY
CASH FOUND IN HOUSE
WACHOVIA BANK
ACCOUNT .10111337
DATE OF DEATH BALANCE 20,723,31
INTEREST TO 8fl0/95 51.67
WACHOVIA BANK
MONEV HARKET ACCOUNT .6267-495205
DATE OF DEATH BALANCE 22,851.55
INTEREST TO 8fl0/95 69.28
'TOTAL INVENTORV
346.90
666.92
20,774.98
22,920,83
44,709.63
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CDURT DF CDMMON PLEAS DF CUMBERLAND CDUNTY PA
DRPHANS' CDURT DIVISIDN
ND._
ESTATE DF CLARENCE 0 NICHDLSDN DECEASED
LATE DF THE TDWNSHIP DF CARLISLE
FIRST AND FINAL ACCDUNT DF PNC BANK. NATIDNAL ASSDCIATIDN
EXECUTDR
WITH SCHEDULE OF PROPOSED DISTRIBUTION
DATE DF DEATH AUGUST ID 1995 WILL ND. 2195-0645
LETTERS GRANTED AUGUST 2B 1995
FIRST CDMPLETE ADVERTISEMENT DF
eRANT DF LETTERS SEPTEMBER 1 1995
ACCDUNTING AUGUST 28 1995 TD NDVEMBER 25 1997
PURPDSE OF ACCDUNT, THE EXECUTDR DFFERS THIS ACCDUNT TD ACQUAINT
INTERESTED PARTIES WITH THE TRANSACTIDNS THAT HAVE OCCURRED DURING
ITS ADMINISTRATIDN DF THE ESTATE,
IT IS IMPDRTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED. REQUESTS
FDR ADDtTIDNAL INFDRMATIDN DR QUESTIONS DR DBJECTIDNS CAN BE
DISCUSSED WITH,
PNC BANK. NATIONAL ASSDCIATIDN
C/D LINDA J LUNDBERG
TRUST OFFICER
P.D. BDX 308
CAMP HILL. PA 170DI-03D8
TELEPHDNE (717) 730-2265
CHARLES STDNE ESQUIRE
STONE LAFAVER a STONE
414 BRIDGE STREET
NEW CUMBERLAND. PA 17070
TELEPHONE (717) 774-7435
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PNCBANK
CLARENCE D NICHOLSON 1117901
SUMMARV AND INDEX
PRINCIPAL ~
RECEIPTS 3 - 3 44,709.63
NET GAINILOSS ON CONVERSIONS .00
ADJUSTED BALANCE 44,709.63
LESS DISBURSEMENTS
DEBTS OF DECEDENT 4 - 5 7,960.52-
FUNERAL EXPENSES 5 - 5 435,50-
ADMINISTRATIVE EXPENSES 5 - 6 1,150,30-
FEDERAL AND STATE TAXES 6 - 6 1,443.00-
FEES AND COMMISSIONS 6 - 6 2,500.00-
FAMILY EXEMPTION .00
TOTAL PRINCIPAL DISBURSEMENTS 4 - 6 13,489.32-
BALANCE BEFORE DISTRIBUTIONS 31,220.31
DISTRIBUTIONS TO BENEFICIARIES 7 - 7 31,220.31-
PRINCIPAL BALANCE DN NAND .00
INVESTMENTS MADE
CHANIlES IN INVESTMENT HOLDINGS
INCOME
RECEIPTS 8 - 9 3,918.16
LESS DISBURSEMENTS 10 - 10 342.90-
BALANCE BEFORE DISTRIBUTIONS 3.575.26
DISTRIBUTIONS TO BENEFICIARIES 11 - 11 3,575.26-
INCOME BALANCE ON HAND 12 - 12 .00
COMBINED BALANCES REMAINING .00
- 2 -
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PNCBANK
CLARENCE D NICHOLSON
1117901
RECEIPTS OF PRINCIPAL
INVENTORV FILED ON I1f24/97
PER CDPV ATTACHED
TOTAL PRINCIPAL RECEIPTS
44.709.63
44.709.63
............
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PNClBANK
ESTATE OF CLARENCE D NICHOLSON DECEASED
(DIED 8/10/95)
LATE OF THE TOWNSHIP OF CARLISLE
CUMBERLAND COUNTY PA
WILL NO 2195-0645
INVENTORY
COMMONWEALTH OF PENNSYLVANIA
I SS
COUNTY OF CUMBERLAND
LINDA LUNDBERG TRUST OFFICER OF PNC BANK. NATIONAL ASSOCIATION.
EXECUTOR OF THE ESTATE OF CLARENCE D NICHOLSON DECEASED HAVING BEEN DULY
AFFIRMED ACcoRDINe TO LAW DID DEPOSE AND SAY THAT THE ITEMS APPEARING IN THE
FOLLOWING INVENTORY ARE PERSONAL ASSETS WHEREVER SITUATE AND REAL ESTATE IF
ANY IN THE COMMONWEALTH OF PENNSYLVANIA OF SAID DECEDENT THAT THE VALUATION
PLACED OPPOSITE EACH ITEM OF SAID INVENTORY REPRESENTS ITS FAIR VALUE AS OF
THE DATE OF THE DECEDENT'S DEATH AND THAT THE DECEDENT OWNED NO REAL ESTATE
OUTSIDE THE COMMONWEALTH OF PENNSYLVANIA EXCEPT THAT WHICH APPEARS IN A
MEMORANDUM AT THE END OF THIS INVENTORY
AFFIRMED AND SUBSCRIBED BEFORE ME
THIS 19 P/ DAY OF A/ttl/ 19-%z
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~1~1 C;Cr';",ml.1:1;Cn C:."r;I~':';:: );" ! ~ 2.2:)00
M~Il~t~r ?~{l!l:i /1'"lr::J '\':;:.i.'c.i.i;.rm oll'JJt:!rIIJS .
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PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
9/14/95
DISBURSEMENTS OF PRINCIPAL
DEBTS OF DECEDENT
CREEDON BIXLER
LAWN MAINTENANCE
MASLAND ASSOCIATES INC
PROFESSIONAL SERVICES
UNITED OF PA
SERVICE
STATE FARM INSURANCE CD
INSURANCE PREMIUM
LESS REFUND
218/96
1117901
90.00-
9/19/95
177 . 20-
9/19195
123.81-
9/19/95
64.00
47,84
16.16-
10/20/95
1126/96
CARLISLE COMMUNITY AMBULANCE
AMBULANCE SERVICE
MAS LAND ASSOCIATES INC
PROFESSIONAL SERVICES
DAVID L HARTZELL MO
PROFESSIONAL SERVICES
CARLISLE HOSPITAL
PROFESSIONAL SERVICES
CARLISLE HOSPITAL
PROFESSIONAL SERVICES
PATIENT ACCOUNTING SERVICES INC
PROFESSIONAL SERVICES
RWC EMERGENCY PHYSICIANS
PROFESSIONAL SERVICES
CUMBERLAND COUNTY TAX COLLECTOR
1995 SCHOOL REAL ESTATE TAX
ATS MEDICAL SERVICES INC
PROFESSIONAL SERVICES
PENNA DEPARTMENT OF REVENUE
1995 STATE INCOME TAX
LESS REFUND
7124f96
119.40-
10/20/95
10.00-
10/20/95
8.00-
10120195
8.40-
10/20/95
716.00-
10/20/95
34.03-
10/20/95
12.47-
10/20/95
1,045.53-
47,37-
4/02196
914.00
435.00
479.00-
4/02196
INTERNAL REVENUE SERVICE
1995 LIFE PERIOD INCOME
TAX 7,805.00
LESS REFUNDS
7/24/96 2,611.65
9/13f96 138.35
5,055.00-
TnINtI'.",,",
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PRIVATE BANK
PNClrnANK
CLARENCE D NICHOLSON
1117901
6/26/96
DISBURSEMENTS OF PRINCIPAL
SHERMANSDALE FAMILV PRACTICE
PROFESSIONAL SERVICES
18.15-
5/01/96
TOTAL DEBTS OF DECEDENT
FUNERAL EXPENSES
THE CHURCH OF GOD HOME INC
MEMORIAL LUNCHEON
LEAH FEINGOLD
REIMBURSEMENT FOR FUNERAL EXPENSES
7,960.52-
9/14/95
39,00-
396,50-
9/27/95
TOTAL FUNERAL EXPENSES
ADMINISTRATIVE EXPENSES
EVP SYSTEMS
FEE FOR DATE OF DEATH VALUATION
R C KRAMER
REIMBURSEMENT FOR DEATH
CERTIFICATES
STONE LAFAVER 8 STONE
REIMBURSEMENT FOR COST ADVANCED
FOR PROBATE a SHORT CERTIFICATE
METROPOLITAN EDISON CD
SERVICE
UNITED OF PA
SERVICE
eEORGE C CLAUSER SRA
APPRAISAL FEE RE REAL ESTATE
DICK GIBNEV REAL ESTATE
APPRAISAL FEE RE REAL ESTATE
REGISTER OF WILLS
SHORT CERTIFICATES
RON C KRAMER
REIMBURSEMENT FOR.
PAVMENT FOR FEOEX 13.00
PAVMENT TO PENNDOT 10.00
435.50-
9/14/95
85.50-
29.00-
10/20/95
156.00-
10/20/95
79,72-
10/20/95
23.48-
10/24/95
250.00-
10/51/95
250,00-
11/21/95
12,00-
12101195
23.00-
5/29/96
REGISTER OF WILLS
SHORT CERTIFICATE
REGISTER OF WILLS
FEE FOR FILING PENNA
INHERITANCE TAX RETURN
3.00-
4/02196
10.00-
""NnlllftIM'
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DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
PNC BANK, NATIONAL ASSOCIATION
TRUSTEE UNDER THE DEED OF TRUST OF
CLARENCE D NICHOLSON DATED 12f4/91
BALANCE FOR DISTRIBUTION
PER SUMMAR V AND INDEX 31,220,31
.........
1117901
COMPOSED OF
11/25/97
CASH TO BE DISTRIBUTED
31,220.31-
TOTA~ PRINCIPAL DISTRIBUTIONS
31,220.31-
31,220.31-
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CLARENCE D NICHOLSON
1117901
RECEIPTS OF INCOME
INTEREST
1121/97
WACHoVIA BANK
ACCOUNT 110111337
INTEREST TO CLOSING
WACHOVIA BANK
MONEV MARKET ACCOUNT 16267-495205
INTEREST TO CLOSING
INTERNAL REVENUE SERVICE
INTEREST ON REFUND OF 1995 FEDERAL
INCOME TAX
INTERNAL REVENUE SERVICE
INTEREST ON FINAL BALANCE FEDERAL
INCOME TAX
PENNA DEPARTMENT OF REVENUE
INTEREST ON 1995 STATE INCOME TAX
463,46
2112196
2112/96
573.00
7124/96
39.40
9/13/96
3.02
21.30
OTHER INCOME
COMPASS CAPITAL US TREASURV MM
SERVICE CLASS FD 109
10/02195
11101195
1102196
2101196
3fOlf96
3/01196
4f01l96
4/01196
5/02196
5/02196
6/03f96
6/03/96
7/01196
7101/96
0/01/96
Of 01196
9/03/96
9/03f96
10/01196
10/01196
11/01196
11/01196
12102196
12102196
1102197
lf02l97
2103f97
2103f97
3/03/97
3/03/97
4f01l97
4/01197
.63
,37
1.44
1.36
2,55
96.94
5.00
160.15
5.52
121.59
6.16
122.44
6.50
119,39
7,29
115.75
7.07
123,23
0.09
119.54
0,92
123.42
9.27
121.46
10.15
125,74
10.64
125,10
10,09
113.55
11.01
114.37
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PRIVATE BANK
PNCBANK
CLARENCED NICHOLSON
DISBURSEMENTS OF INCOME
INTERNAL REVENUE SERVICE
FIDUCIARY INCOME TAX FOR YEAR
ENDED 7/31/97
PENNA DEPARTMENT OF REVENUE
FIDUCIARY INCOME TAX FOR YEAR
ENDED 7/31/97
EXECUTORS COMPENSATION
PNC BANK, NATIONAL ASSOCIATION
5IC ON t3,771.16
TOTAL INCOME DISBURSEMENTS
1117901
11/13/97
146.00-
11/13f97
1.00-
11/25/97
r
195,90-
,342.90-
..........
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PRIVATE BANK
PNCBANK
CLARENCE D NICHOLSON
BALANCE OF INCOME ON HAND
1117901
ACQUISITION
~
TOTAL INCOME
,00
............
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4
SCHEDULE OF PROPOSED DISTRIBUTION
The will of Clarence D. Nicholson, after giving the tangi-
bles to his wife, Mary Nicholson, in Item I, in Item II "poured
over" his entire estate to CCNB Bank, N.A. <now PNC Bank, National
Association) to be held in the trust created by him on November
27, 1991, together with any amendments thereto, "or any other
trust which may hereafter be substituted therefore." The testa-
tor/settlor created a new trust dated October 21, 1994, in which
he expressly stated that it was a substitute for the November 27,
1991, trust, and executed a further, and final amendment, on
February 2, 1995, which amendment contained the final dispositive
provisions of his estate plan.
Mary Nicholson died August 21, 1996, and under the terms of
the trust, it terminates upon her death and the balance then
remaining in the trust is to distributed according to its terms.
PNC Bank, National Association, as both Executor and Trust-
ee, is thus filing its First and Final Account as Executor and
its First and Final Account as Trustee at the same time. For
purposes of clarity, a Combined Proposed Schedule of Distribution
for both the estate and the trust is being attached to both
accounts, together with this explanatory memorandum.
- 13 -
,.."._,...~::.-
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COMBINED PROPOSED SCHEDULE OF DISTIUUUTION
FOR CLARENCE D, NICHOLSON ESTATE AND
CLARENCE D, NICHOLSON TRUST
Estate balance
Trust balance
$ 34,795,57
2.092.094,59
Orand Total for distribution
$~, 126.6~Q, \~
Distribution is rnade pursuant 10 amendment datcd 2/2/95 10 revocable trust agreernent dated
10/21/94:
Itcm E(5)(a)
To: Humane Socicty of the Unitcd Statcs
22100 L Street NW
Washington DC 20077-6844
$ 425,378.03
Item E(5)(b)
To: Arnerican Society for the Prevention of Cruelty
to Animals
441 E 92nd St.
New York NY 10130
$ 425,378,03
Item E(5)(c)
To: Animal Protection Institute of Amcrica
PO Box 22505
Sacramento CA 95822-9986
$ 425,378,03
Item E(5)(d)
To: Ouidings for thc Blind Inc.
Yorktown Heights, NY 10598-9998
$ 425,378,03
Item E(5)(e)
To: Bamitz United Methodist Church
23 Church Lanc
Carlisle PA 17013
$ 425,378,04
- 14 -
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PRIVATE !:lANK
PNCBANlK.
1117901
ESTATE OF CLARENCE 0 NICHOLSON DECEASED
(DIED 8/10/95)
;'. '.,'
PNC BANk. NATIONAL ASSOCIATION
Bvill;~09,\~
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EXECUTOR
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PRIVATE BANK
PNClllANK
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS
LINDA J LUNDBERG BEING DULY
AFFIRMED ACCORDING TO LAW DEPOSES AND SAYS THAT SHE IS A
TRUST OFFICER OF PNC BANK. NATIONAL ASSOCIATION,
THE ACCOUNTANT NAMED IN THE FOREGOING ACCOUNT AND THAT THE SAID
ACCOUNT IS JUST AND TRUE TO THE BEST OF HER KNOWLEDGE AND
BELIEF AND TNE GRANT OF LETTERS AND THE FIRST COMPLETE
ADVERTISEMENT THEREOF OCCURRED MORE THAN FOUR MONTHS BEFORE
FILING OF THE ACCOUNT AND THE DECEDENT WAS NOT ADJUDICATED
INCOMPETENT
AFFIRMED AND SUBSCRIBED TO
BEFORE ME THIS ~,4.0 DAY
OF.h;;or~~~ 192Z.
I HEREBY CERTIFY THAT I AM
NOT A DIRECTOR OR OFFICER
OF PNC BANK, NATIONAL ASSOCIATION I
~~
~ ~
~y",-~ d ~J
"
Nol.1rbl SOil!
Slovonna ^ Cnh~lTl,ln, NOI"ry Puhlic
Hampdl1n T\\'I), CUli'to,'ol1.:,\r)(l COllllly
My ComOllsr.IJrl b_pHCi Juno 12, 2000
emll(Jf,l'ennWly:in~i) AsSOCI,ll!on Of Not,Wllt
- 16 -
1ftINfI,llft,.".
. ,
I WILLS I NICHOL-C. WIL
LAST WILL AND TESTAMENT
OF
CLARENCE D. NICHOLSON
I, CLARENCE D. NICHOLSON, of Carlisle, Cumberland County, Pennsyl-
vania, d.clar. this to b. my last will and revoke any will previously
mad. by me.
ITEM II I b.qu.ath my automobiles, household and personal effects
and other tangible personalty of like nature (not includinq cash or
securities) toqether with any existinq insurance thereon, to my wife,
,
,
MARY NICHOLSON, if she survives me by thirty (30) days. I
ITEM III I devise and bequeath the residue of my estate of every
nature and wherever situate, includinq any property over which I shall
have any power of appointment, to CCHB BANK, N.A. of Hampden Township,
Cumberland County, Pennsylvania, Trustee, to be added to and thereafter
treated as part of that certain trust created by me on h,).. t u..l. ,., :~ '":',
199-1-, to have and to hold, IN TRUST, for the uses and purposes and
subj.ct to the t.~ and provisions thereof, includinq any alterations
or amendment. th.reto or any other trust which may hereaft.r be substi-
tuted th.refore.
ITEM IIII I appoint CCNB BANK, N.A., of Hampd.n Township, Cumber-
land County, P.nnsylvania, guardian of any property which pa....,
either und.r this will or otherwise, to a minor and with resp.ct to
-1-
.
which I am authorized to appoint a guardian and have not otherwiBe
specifically done BO, provided that this appointment of a guardian
shall not BuperBede the right of any fiduciary in itB discretion to
distribute a Bhare where pOBsible to the minor or to another for the
minor'. benefit. Such guardian shall have the power to UBe principal
aB well a. income from time to time for the minor'B BUPPOrt and educa-
tion (including college education, both graduate and undergraduate)
without regard to hiB or her parent's ability to provide for Buch
support and education, or to make payment for these purpOBes, without
further responsibility, t~ the minor or to the minor's parent or to any
per. on taking car~ of the minor.
,
,
,
ITEM IVI All federal, state and other death taxes payable because
of my death, with respect to the property fo~ng my gross e.tate for
tax purposes, whether or not passing under this will, together with any
interest or penalty imposed in connection with such tax, shall be
considered a part of the expense of the administration of my estate and
shall be paid from my residuary estate without apportionment or right
of reimbur.ement provided that any taxes on the trust created by me on
IV o-..tf ~ ..l- 7 , 199 , , may be paid from the aSBsts of that trust
as provided therein.
ITEM VI My Bxecutor., Trusteee and Guardian ehall h~ve the
following powerB in addition to those vested in th_ by law, and by
other proviBions of my will applicable to all property, whether princi-
-2-
.
,.
pal or inco~, including property held for minors, exercisable without
court approval and effective until actual distribution of all property,
A. To retain any or all of the assets of my estate, real or
personal, including any stook of my corporate fiduciary or of its
parent holding company, without regard to any principle of diversifica-
tion.
B. To inveet in all forma of property, including stocks,
common trust funde and mortgage inveetment funds whether operated by my
corporate fiduciary or others, without restriction to investments
aut~~rized for Pennsylvania fiduciaries, ae they deem proper, and
without regard to any principal of diversification. ~
I
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property and to give
options for eales, exchanges or leases, for such prices and upon such
terms or conditions ae they deem proper.
D. To allocate receipts and expenses to principal or
income, or partly to each, as they, from time to time, think proper in
their sole discretion.
E. To borrow from, or to sell to, my Trustees even though
such Trustees may by my Executor.
P. To compromise any claim or controversy.
G. To join with my wife, MARY NICHOLSON, or her personal
representative, in filing a joint income tax return without requiring
her to indemnify my estate against liability for the tax attributable
to her income and to consent to any gift made by my wife during my
-3-
SIGNED, SBALBD, PUBLISBBD and DECLARED by CLARENCB D. NICHOLSON,
the T..tator above named, as and for his Last Will and Testament, and
in the pre..nce of u., who at his request, in hi. presence and in the
pre.enc. of each other, have
L~~"'M~
w~n... .1
(W.~
Witne..
subscribed our name. a. witne..e..
L<-~ ,4 h
Address (
Cf4fr1(J /.IILL. ,f'I1. /70 I I
Addrelll '
COMMONWEALTH OF PBNNSYLVANIAI
ISSI
COUN'l'Y OF CUMBBRLAND :
,
I, CLARENCB D. NICHOLSON, the Testator who.e name is signed t07the
attached or foregoing instrument, having been duly qualified according
to law do hereby acknowledge that I signed and executed this instrument
as my last willI that I signed it willingly and that I signed it as my
free and voluntary act for the purposes therein contained.
C~"J'( 0 f~U~
CLARENCB D. NICHOLSON
Sworn to or affirmed to and acknowledged before me by CLARENCE D.
NICHOLSON, the Te.tator, this ~? day of NOVlm ht",. , 1991.
,luf t?~~{a1
~SeoI
811hNnEallw,~N*l
CIrIoII eoro; 0irmwD Cclrft
Mfc....IIQ....,&pwI~1!5.1.
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PRIVATE BANK
PNCBANK
CLARENCE D NICNOLSON
5124526
12104/91
8/05/92
8/05/92
8/05/92
8/05/92
8/0:5/92
6/28/9:5
9/28/9:5
121211/9:5
1/24/94
:5/21/94
:5/21/94
:5/21/94
:5/21/94
:5/28/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
:5/29/94
RECEIPTS OF PRINCIPAL
CLARENCE D NICHOLSON
IN ACCORDANCE WITH SCHEDULE A
ANNEXED TO DEED OF TRUST
CASH
ADDITIONS TO TRUST
------------------
CLARENCE D NICHLSON
500 SHS BOISE CASCADE CORP COMMON
1,000 SHS CCNB CORP COMMON
1,000 SHS WEIS MARKETS INC COMMON
500 SHS WEIS MARKETS INC COMMON
1,000 SHS NANSON PLC SPONSORED ADR COMMON
TRANSFER FROM INCOME
TRANSFER FROM INCOME
TRANSFER FROM INCOME
CASH
1,000 SHS ANANGEL-AMERICAN SHIPHOLDINGS LTD
SPONSORED
1,205 SHS BANC ONE CORP COMMON
1,000 SHS BOISE CASCADE CORP COMMON
2,000 SHS BURLINGTON NORTHERN INC COMMON
TRANSFER FROM INCOME
1,000 SHS EL PASO NATURAL GAS CO COMMON
6,200 SHS H J HEINZ CO COMMON
700 SHS ITT CORP COMMON
:500 SHS MERCK 8 CD INC COMMON
1,000 SHS NESTLE S.A. SPONSORED ADR REPSTG
REG
1,000 SHS NORFOLK SOUTHERN CORP COMMON
1,000 SHS RITE AID CORP COMMON
1,000 SHS SUNTRUST BANKS INC COMMON
2,000 SHS U G I HOLDING CORP COMMON
100,000,00
8,72:5.51
:54,008.06
25,:577.98
12,621.57
19,746,8:5
2,527.10
775.99
821.8:5
224.08
13,107.:5:5
9,209.00
1.00
16,807.00
609.97
5,561.26
:57,5:57,50
19,927,28
6,4:57.50
:56,266.21
:59,600,00
16,250.00
22,:550.00
46,215,8..
'''IHO'IIIlI"1
- :5 -
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PRIVATE BANK
PNClaANK
CLARENCE D NICHOLSON 3124526
RECEIPTS OF PRINCIPAL
3f29/94 400 SHS UST INC COMMON 11.209.09
3/29f94 100 SHS USX-U S STEEL GROUP COMMON 4.302.90
3f29f94 2,880 SHS WACHOVIA CORP COMMON 9,800,00
3/29/94 1,000 SHS WEIS MARKETS INC COMMON 1.00
3129f94 1,200 SHS CAROLINA POWER a LIGHT CD COMMON 12,135.61
3f29/94 1,000 SHS GRAND MET PLC SPONSORED ADR 25,750.00
3f29/94 175 SHS RAVONIER INC COMMON 1.00
3/29/94 1,000 SHS HANSON PLC SPONSORED ADR COMMON 1.00
4/08f94 4,956 SHS MERRILL LVNCH FED SECS TR CL A 1.00
6f08f94 17 SHS GRAND MET PLC SPONSORED ADR 1.00
6/13f94 CASH 112,262.09
6/28/94 TRANSFER FROM INCOME 2.332,52
7/19f94 800 SHS GAP INC COMMON 32.086,59
7/19/94 1,000 SHS TVCO INTERNATIONAL LTD 48.088,91
7/19/94 600 SHS UST INC COMMON 16.137,06
8/16f94 CASH 75.00
8/26f94 TRANSFER FROM INCOME 784.02
8/29/94 TRANSFER FROM INCOME 5.734,04
9/27/94 TRANSFER FROM INCOME 227.09
lDf03f94 100 SHS USX-U S STEEL GROUP COMMON 3.952.68
10/07/94 11.728 SHS GRAND MET PLC SPONSORED AOR 350.56
10/27/94 TRANSFER FROM INCOME 4.1?:;.'l6
11f25/94 TRANSFER FROM INCOME 236.53
1/14f95 23.334 SHS eRANO MET PLC SPONSORED AOR 613,15
1119/95 CASH 50.000.00
1/26/95 CASH 15.000.00
1/27/95 TRANSFER FROM INCOME 3,931.24
2/D3f95 CASH 50.000,00
2f13f95 680 SHS PNC BANK CORP COMMON 15,954.24
11lINO't'0/"'
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PRIVATE BANK
PNCBANK
CLARENCE D NICNOLSON 3124526
RECEIPTS OF PRINCIPAL
2114/95 200 SHS NESTLE SIA. SPONSORED ADR REPSTO
REO 9.471.93
3/08/95 200 SHS NESTLE S.A. SPONSORED ADR REPSTO
REO 9,801.20
3/22/95 200 SHS NESTLE S,A. SPONSORED ADR REPSTO
REO 9.750.54
3/27195 TRANSFER FROM INCOME 8,53
4/25/95 400 SHS NESTLE S.A. SPONSORED AOR REPSTO
REO 19.538,41
4/27195 TRANSFER FROM INCOME 4.692,71
5/19/95 500 SHS BANC ONE CORP CONV PFO SER C '3,50 28.313,40
5/26/95 TRANSFER FROM INCOME 899.05
6/01195 100 SHS U S INDUSTRIES INC COMMON 710.92
6/09/95 1.000 SHS UNOCAL CORPORATION COMMON 29.977,54
6/16/95 CASH 50,000.00
6/27195 TRANSFER FROM INCOME 1.446,00
7/06f95 TRANSFER FROM INCOME
FOR REINVESTMENT 74,92
7/19/95 CASH 10.000.00
7/27195 TRANSFER FROM INCOME 4.186.69
8/02/95 TRANSFER FROM INCOME
FOR REINVESTMENT 232.90
9/06/95 TRANSFER FROM INCOME
FOR REINVESTMENT 229.95
TOTAL PRINCIPAL RECEIPTS 1.079.183,13
............
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- 5 -
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PRIVATE BANK
PNClIJANlK.
CLARENCE D NICHDLSDN 3124526
DAINS AND LDSSES DN SALES AND DTHER DISPDSITIDNS
WH lJIll
10/14/94 0.728 SHS ORAND MET PLC SPONSORED ADR
PROCEEDS. 18.75
ACQUISITIDN VALUE, 18./17 ,28
4/14/95 0.334 SHS ORAND MET PLC SPONSDRED ADR
PROCEEDS, 8,68
ACQUISITION VALUE, 8./18 ,20
6/30/95 1,000 SHS RITE AID CORP COMMON
PRDCEEDS, 25.079.15
ACQUISITION VALUE, 16,250.00 8,829.15
6/30/95 200 SHS USX-U S STEEL OROUP COMMON
PRDCEEDS, 6,672.77
ACQUISITION VALUE, 8,255.58 1,582.81-
6/30/95 100 SHS U S INDUSTRIES INC COMMDN
PRDCEEDS, 1.244.95
ACQUISITION VALUE. 71 0.92 534.03
9/11/95 50,537,77 PAR STes FDR SPECIAL RESERVE
PROCEEDS. 50.537.77
ACQUISITION VALUE. 50,537.77 ,00
9/12195 4,956 SHS MERRILL LVNCH FED SECS TR CL D
PROCEEDS. 47.676.72
ACQUISITION VALUE, 1.00 47,675.72
9/13/95 1,000 SHS ANANOEL-AMERICAN SHIPHDLDINOS LTD
SPONSORED
PRDCEEDS, 14.750.00
.1 ACQUISITION VALUE, 13.107,33 1.642,67
9/13/95 1,000 SHS EL PASD NATURAL OAS CO CDMMON
PRDCEEDS, 28.024,05
ACQUISITION VALUE, 5,561.26 22,462,79
. ,
j 9/13/95 800 SHS OAP INC COMMON
PROCEEDS, 26.519 .10
ACQUISITION VALUE, 32.086.59 5,567,49-
'''....'1..'"1
- 6 -
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PRIVATE BANK
PNCBANlK.
3124526
CLARENCE D NICHDLSDN
GAINS AND LOSSES DN SALES AND DTHER DISPDSITIDNS
1W.U
9/13/95
9/13/95
9/13/95
9/13/95
9/13/95
9/14f95
91ZD/95
9/2Df95
ID/D3f95
ID/13f95
JJm.
175 SHS RAVDNIER INC CDMMDN
PRDCEEDS, 6.763.51
ACQUISITIDN VALUE, 1.DD
2,DDD SHS U G I HDLDING CORP COMMDN
PROCEEDS, 41.548.6D
ACQUISITION VALUE, 46,215,86
l,DDD SHS UST INC CDMMDN
PROCEEDS, 27.899.D6
ACQUISITIDN VALUE, 27,346,15
2,5DD SHS WEIS MARKETS INC COMMDN
PROCEEDS. 7D.685.13
ACQUISITIDN VALUE, 38.DDD,55
l,DDD SHS WENDY'S INTERNATIDNAL INC
CDMMDN
6.762.51
4,667.26-
552,91
32,684.58
19,524.34
19.1DD.OD
PROCEEDS,
ACQUISITION VALUE.
2,DDD SHS HANSON PLC SPDNSORED ADR CDMMON
PROCEEDS,
ACQUISITION VALUE.
l,D51 SHS GRAND MET
PRDCEEDS.
ACQUISITIDN VALUE,
2.DDD SHS NESTLE S.A. SPDNSDRED ADR REPSTG
REG
PROCEEDS, 97.75D,DD
ACQUISITION VALUE, 84.828,29
l,2D5 SHS BANC ONE CORP COMMDN
PRDCEEDS, 43,734,Dl
ACQUISITIDN VALUE. 9,2D9.DD
7DD SHS ITT CDRP CDMMDN
PROCEEDS,
ACQUISITIDN VALUE,
424.34
33,D48,89
19,747.83
13. 3D1. D6
PLC SPONSORED ADR
27.745.47
26,687,76
1. D57 . 71
12.921. 71
34,525.Dl
83,4D2.21
19,927.28
63.474,93
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PRIVATE BANK
PNCBANK
3124526
CLARENCE D NICHOLSON
~AINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
llA1H
10/lSf95
10f30/95
11f02/95
1/2..,96
2/16/96
3/08/96
3/25/96
4/16/96
4fl7196
4f19/96
un
1.000 SHS TVCO INTERNATIONAL LTD
PROCEEDS. 59.648.00
AC~UISITION VALUE, 48.088.91
2,000 SHS PNC BANK CORP COMMON
PROCEEDS, 55.548,14
ACQUISITION VALUE. 49,962.3Q
1.500 SHS BOISE CASCADE CORP COMMON
PROCEEDS, 54.973,16
ACQUISITION VALUE. 8,724.51
400 SHS DIAL CORP COMMON
PROCEEDS. 12.191.19
ACQUISITION VALUE. 11.632,00
4.300 sHS H J HEINZ CO COMMON
PROCEEDS. 154.988,32
ACQUISITION VALUE. 17,356.05
200 SHS DIAL CORP COMMON
PROCEEDS. 6.085.80
ACQUISITION VALUE, 5.816,00
1.000 SHS SUNTRUST BANKS INC COMMON
PROCEEDS. 71.292.62
ACQUISITION VALUE, 22,350.00
48 SHS BECKMAN INSTRUMENTS INC COMMON
PROCEEDS, 1.802.63
ACQUISITION VALUE, 1.677,84
552 SHS BECKMAN INSTRUMENTS INC COMMON
PROCEEDS. 19.876,97
ACQUISITION VALUE. 19,295.16
2.000 SHS BURLINGTON NORTHERN SANTA FE
coMMON
PROCEEDS. 159.834,66
ACQUISITION VALUE, 16.807.00
11 .559 . 09
5,585.04
46.248.65
559,19
137.632,27
269,80
'.il.942,62
124,79
581. 81
143.027,66
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PRIVATE BANK
PNCJ8ANK
CLARENCE D NICHOLSON 3124526
GAINS AND lDSSES DN SALES AND OTHER DISPOSITIDNS
JWli J..Qll
4/19/96 1,200 SHS CAROLINA POWER B LIGHT CO COMMON
PROCEEDS, 42,352.58
ACQUISITION VALUE, --12,135,61 30,216.97
4/19/96 4,000 SHS H J HEINZ CO COMMON
PRDCEEDS. 129,175.68
ACQUISITION VALUE, 16,145.16 113.030.52
6/20/96 500 SHS BANC ONE CORP CONV PFD SER C .3.50
PROCEEDS. 34,625.00
ACQUISITION VALUE. 28.313,40 6,311.60
7118/96 400 SHS WAL-MART STORES INC COMMDN
PROCEEDS, 9,417 .68
ACQUISITIDN VALUE. 8,359.60 1.058.08
10/15/96 0.654 SHS LUCENT TECHNOLOGIES INC COMMON
PROCEEDS, 28.43
ACQUISITION VALUE. 36.96 8.53-
11/08/96 350 SHS CONRAIL INC COMMON
PROCEEDS, 32,712.74
ACQUISITION VALUE. 23.091. 25 9,621.49
12117196 1,000 SHS UNOCAL CORPORATION COMMON
PROCEEDS, 39.053.70
ACQUISITION VALUE, 29,977.54 9,076,16
12118/96 1,200 SHS OHIO EDISON CO COMMON
PROCEEDS, 26.615,11
ACQUISITION VALUE, 27,935,00 1,319,89-
12127196 0,5 SHS EL PASO NATURAL GAS CO COMMON
PROCEEDS, 26,21
ACQUISITION VALUE, 20,43 5,78
12130/96 46 SHS EL PASO NATURAL GAS CO COMMON
PROCEEDS, 2,313,49
ACQUISITION VALUE, 1,879,22 434,27
"I'NI'I'''"'
- 9 -
"
~
"
PRIVATE BANK
PNClRANlK.
3124526
CLARENCE D NICHOLSON
GAINS AND lOSSES ON SALES AND OTHER DISPOSITIOHS
IlA1Ii
12/30/96
1/08/97
1/08/97
1/08/97
1/08/97
1/09/97
1/10/97
1/13f97
1/13/97
1f13/97
100 SHS NEWPORT NEWS SHIP8UILDING INC
COMMON
PROCEEOS,
ACQUISITION VALUE,
500 SHS GENERAL MOTORS CORP COMMON
PROCEEDS,
ACQUISITION VALUE,
1,200 SHS LA QUINTA INNS INC COMMON
PROCEEDS,
ACQUISITION VALUE,
900 SHS ORACLE SYSTEMS
PROCEEDS.
ACQUISITION VALUE.
600 SHS WAL-MART STORES
PROCEEDS.
ACQUISITION VALUE.
800 SHS SEARS ROEBUCK
PROCEEDS, 35,934.80
ACQUISITION VALUE, 32,522.00
0,625 SHS NCR CORP COMMON
PROCEEDS, 21.09
ACQUISITION VALUE, 22.48
600 SHS MCDDNALDS CORP COMMON
PROCEEDS. 26.201.12
ACQUISITION VALUE. 25.848.00
550 SHS MOTOROLA INC COMMON
PROCEEDS, 34.398,60
ACQUISITION VALUE. 32,700.00
2,880 SHS WACHOVIA CORP COMMON
PROCEEDS. 162.124.18
ACQUISITION VALUE. 9,800.00
1JIll.
1,516.95
1.445.90
71. 05
28,896.53
26.740.00
2,156.53
21,803.27
21. 089.00
CORP COMMON
71'1.27
39,036.19
28.962.50
10,073.69
INC COMMDN
13,751.54
12.539.40
I CO COMMON
1,212,14
3.412,80
1. 39-
353.12
1,698,60
152,324,18
,"'NOll'''MI
- 10 -
"
.-
01;
PRIVATE BANK
PNCBANK
CLARENCE D NICHDlSON 3124526
DAINS AND LOSSES DN SALES AND OTHER DISPDSITIDNS
JW.U .lJln
1/14/97 883 UTS PNC SHAll CAP DRDWTH EQUITV FUND
PRDCEEDS. 57,367,63
ACQUISITION VALUE. 49.983,lD 7,384,53
1114197 1,419 UTS PNC INTERNATIONAL EQUITV FUND
PRDCEEDS. 54,447.D3
ACQUISITION VALUE. 49.974.34 4,472.69
1115/97 3DO SHS FLUOR CDRP CDHHDN
PRDCEEDS. 19,D62.86
ACQUISITION VALUE. 18.999.DD 63.86
1115/97 40 SHS NCR CORP COHMDN
PRDCEEDS. l,3D6.76
ACQUISITION VALUE. 1. 438.48 131.72-
2/D7I97 35D SHS 3 CDH CDRP
PRDCEEDS. 2D,386.82
ACQUISITION VALUE. 13.956,25 6,43D.57
2/D7I97 3DD SHS XERDX CDRP CDMHDN
PRDCEEDS. 17 ,337 .92
ACQUISITIDN VALUE. 12,733,DD 4,6D4.92
2/11/97 -'2DD SHS CPC INTERNATIDNAl INC CDHHDN
PRDCEEDS. 15,483.48
ACQUISITIDN VALUE. 13.741. DD 1,742.48
2/11/97 I,DDD SHS H J HEINZ CD CDMMDN
PRDCEEDS. 4D,418,65
ACQUISITIDN VALUE. 4,D36.29 36,382.36
2/11/97 6DD SHS HceRAW-HILl INC CDMHDN
PRDCEEDS. 29,8D1.DD
ACQUISITION VALUE. 26,386.5D 3,414.5D
2/25/97 6DD SHS ALLSTATE CDRP CDMHDN
PROCEEDS. 39,413.16
ACQUISITION VALUE. 25,D47,75 14,365.41
2/25/97 6DD SHS CDLUHBIA/HCA HEALTHCARE CORP CDMMDN
PRDCEEDS. 26,276,12
ACQUISITIDN VALUE. 19,9DD.5D 6,375.62
- 11 -
,,,,..tlI10'"'
~.
PRIVATE BANK
PNCBANK
CLARENCE D NICHOLSON 3124526
BAINS AND LOSSES ON SALES AND OTHER DISPDSITIONS
lW.li ~
2/25/97 1,000 SHS NORFOLK SOUTHERN CORP COMMON
PROCEEDS, 89.042.02
ACQUISITION VALUE, 39,600.00 49.442.02
3/03/97 400 SHS AMERICAN INTERNATIONAL BROUP
INC COMMON
PROCEEDS, 48.866.37
ACQUISITION VALUE, 37,157,00 11.709.37
3/03/97 800 SHS LUBRIZOL CORP COMMON
PROCEEDS, 27.835.07
ACQUISITION VALUE, 23.626,50 4,208.57
3/03/97 600 SHS MEDTRONICS INC COMMON
PROCEEDS, 37.900,73
ACQUISITION VALUE, 32,235,50 5.665,23
3/03/97 150 SHS ROVAL DUTCH PETROLEUM CO COMMON
PROCEEDS, 26.199.62
ACQUISITION VALUE, 19,646.25 6.553.37
3/05/97 1.000 SHS ALLTEL CORP COMMON
PROCEEDS, 34,668.84
ACQUISITION VALUE, 30,925.75 3.743.09
3/05/97 800 SHS COCA COLA CO COMMON
PROCEEDS, 48.834.37
ACQUISITION VALUE, 30,744,50 18.089.87
3/05/97 300 SHS EMERSON ELECTRIC CO COMMON
PROCEEDS, 29.787.50
ACQUISITION VALUE, 24,249.00 5.538.50
3/05/97 1,200 SHS FANNIE MAE CORP COMMON
PROCEEDS, 48,952.36
ACQUISITION VALUE, 38,796.00 10.156.36
3/05/97 300 SHS INTERNATIONAL BUSINESS MACHINES
CORP COMMON
PROCEEDS, 42.874,57
ACQUISITION VALUE, 29,583,25 13.291.32
'"'NO'IIOl'"
- 12 -
,.".,y-.-.'--'.
,
PRIVATE BANK
PNCBANK
CLARENCE D NICHOLSON 312'\526
pAtNS AND lOSSES ON SALES ANO OTHER OISPOSITIONS
llA11i IJW.
3/05/97 500 SHS JOHNSON a JOHNSON CO COMMON
PROCEEDS. 28,521. 54
ACQUISITION VALUE. 23,207.50 5,31,\,04
3/06/97 SOD SHS CHEVRON CORP COMMON
PROCEEDS. 31,95B.93
ACQUISITION VALUE. 23,812.50 B,I'\6,'\3
3/25f97 600 SHS AMP INC COMMON
PROCEEDS. 21,851. 27
ACQUISITION VALUE, 24,317.50 2,466.23-
3/25/97 200 SHS COLGATE PALMOLIVE CD COMMON
PROCEEDS. 21,2B3.29
ACQUISITION VALUE. 14.216.00 7,067.29
3f25f97 BOD SHS FORD MOTOR CD COMMON
PROCEEDS. 25,235,15
ACQUISITION VALUE, 28.151. 50 2,916.35"
3/25/97 '\00 SHS ILLINOIS TOOL WORKS INC COMMON
PROCEEDS. 35,166,B2
ACQUISITION VALUE. 23,B32,OO 11,334,B2
3fZ5/97 600 sHS INTEL CORP COMMON
PROCEEDS, BO ,172.32
ACQUISITION VALUE. 37,675.00 42,497.32
3fZ5f97 600 SHS INTERNATIONAL PAPER CD COMMON
PROCEEDS. 25,226.15
ACQUISITION VALUE. 23,716,50 1,509.65
3fZ5f97 400 SHS ELI LILLV I CO COMMON
PROCEEDS. 34,266,85
ACQUISITION VALUE, 19,720.00 14,546,B5
3fZ5/97 210 SHS LUCENT TECHNOLOGIES INC COMMON
PROCEEDS, 10,6'\0.34
ACQUISITION VALUE. I1.B6B.03 1,227,69-
3fZ5/97 500 SHS MERCK I CD INC COMMON
PROCEEDS. 45,145.99
ACQUISITION VALUE. 18.616.00 26,529,99
11"Nor,'OIMI
" 13 -
'.
, ,
PRIVATE BANK
PNClRANK
CLARENCE D NICHOLSoN 3124526
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
WH J..Jlll
3/25/97 300 SHS PROCTER I GAMBLE CO COMMON
PROCEEDS, 36.312,28
ACQUISITION VALUE, 25,636.50 10.675,78
3125/97 500 SHS TENNECO INC COMMoN NEW
PROCEEDS, 19.459.35
ACQUISITION VALUE, 20,164,95 705.60-
4/03f97 650 SHS AT I T CORP COMMON
PROCEEDS, 22.615.99
ACQUISITION VALUE, 29,167.05 6.551. 06-
4/03/97 400 SHS DOW CHEMICAL CO COMMON
PROCEEDS, 32.466.91
ACQUISITION VALUE, 28.782,00 3.684,91
4/03/97 600 SHS E I DUPONT DE NEMOURS I CO INC
COMMON
PROCEEDS. 64.449.85
ACQUISITION VALUE, 44,416.50 20,033.35
4/03/97 1.500 SHS ENTERDV CORP NEW COMMON
PROCEEDS, 36.253.79
ACQUISITION VALUE, 42.867.50 6.613.71-
4/03/97 800 SHS FLEET FINANCIAL GROUP COMMON
PROCEEDS, 45.734.47
ACQUISITION VALUE, 32,496.50 13.237,97
4103/97 600 SHS GENERAL ELECTRIC CO COMMON
PROCEEDS. 59.725,01
ACQUISITION VALUE, 45.203.48 14.521.53
4/03/97 800 SHS SBC COMMUNICATIONS INC COMMON
PROCEEDS. 41.834.60
ACQUISITION VALUE, 43.072,00 1.237,40-
4114197 500 SHS BELL ATLANTIC CORP COMMON
PROCEEDS, 29.709.00
ACQUISITION VALUE. 31,377.50 1.668,50-
"'INOIllOl"1
- 14 -
:; t. ,>"" , - '.\'~'. \-:(1':;--'!-';~f.!.~:
"
F
i
PRIVATE BANK
PNC BAN K
CLARENCE D NICHOLSON
DAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
lW.Ii
3124526
.L.Ili5.
4/14/97
800 SHS BRISTOL HYERS SQUIBB CO COMMON
PROCEEDS, 47,454.41
ACQUISITION VALUE. 51,540,00
400 SHS NVNEX CORP COMMON
PROCEEDS, 17,917.40
ACQUISITION VA~UE, 21,944.50
TOTAL GAINS AND LOSSES
LESS LOSS
NET GAIN
16,094.41
4/14/97
4.027.10-
1,591,981.55
~,622.Z3.-
1,351,288.82 .
..........
40,692,75-
1ftIHIlI''''"'
- 15 -
"
CLARENCE D NICHOLSON
4/11/96
4/11/96
4f11/96
11/21/97
-. . .
PRIVATE BANK
PNCBANK
3124526
DISBURSEMENTS OF PRINCIPAL
INTERNAL REVENUE SERVICE
1995 FIDUCIARY INCOME TAX ON
CAPITAL GAINS
PENNA DEPARTMENT OF REVENUE
1995 FIDUCIARY INCOME TAX ON
CAPITAL GAINS
PENNA DEPARTMENT OF REVENUE
1995 FIDUCIARY INCOME TAX ON
ACCUMULATED INCOME
PNC BANK NATIONAL ASSOCIATION
WIRE TRANSFER FEE
9/12/94 12.50-
1/27/95 12,50-
2/16/95 12,50-
3/17/95 12,50-
4/14/95 12,50-
5/15/95 12,50-
5/24/95 12.50-
STONE LAFAVER I STONE
COUNSEL FEE
TOTAL PRINCIPAL DISBURSEMENTS
3,682.00-
397,00-
341,00-
87.50-
36,500,00-
41,007,50-
............
""NII'"01"1
I
I.
- 16 -
"
PRIVATE BANK
PNCBANK
,
CLARENCE D NICHOLsON
5124526
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
CONTINUED. FOR ACCOUNT OF THE ESTATE OF
TDTAL PRINCIPAL DISTRIBUTIONS
571,655.52-
..........
'-<.i"'-.
"
,)>'
'''INOIltt'"1
- IB -
"
.. . I
PRIVATE BANK
PNCBANK
,
I
,
CLARENCE D NICHOLSON
PRINCIPAL BALANCE ON HAND
VALUE
11/21/97
1I124526
ACQUISITION I
~
INVESTED CASH
TOTAL PRINCIPAL
2,017,808.93
2,017,808,911
............
2,017,808,911
2,017,808.911
............
,
I
;,
""Notll""'
- 19 -
"
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
50.000 PAR STOS FOR SPECIAL RESERVE
1.000 SHS WENDY'S INTERNATIONAL INC
COMMON
74.92 PAR STOS FOR SPECIAL RESERVE
232.9 PAR STOS FOR SPECIAL RESERVE
229.95 PAR STOS FOR SPECIAL RESERVE
500 SHS lA QUINTA INNS INC COMMON
800 SHS OHIO EDISON CO COMMON
500 SHS ENTEROV CORP NEW COMMON
350 SHS CONRAIL INC COMMON
400 SHS TENNECO INC COMMON
300 SHS COlUMBIA/HCA HEAlTHCARE CORP COMMON
500 SHS CHEVRON CORP COMMON
350 SHS All TEL CORP COMMON
300 SHS AT I T CORP COMMON
400 SHS BRISTOL MVERS SQUIBB CO COMMON
300 SHS MOTOROLA INC COMMON
300 SHS AllSTATE CORP COMMON
350 SHS AMP INC COMMON
400 SHS INTEL CORP COMMON
300 SHS INTERNATIONAL PAPER CO COMMON
400 SHS SBC COMMUNICATIONS INC COMMON
200 SHS Ell lIllV I CO COMMON
150 SHS ROVAl DUTCH PETROLEUM CO COMMON
1.419 UTS PNC INTERNATIONAL EQUITV FUND
600 SHS BECKMAN INSTRUMENTS INC COMMON
300 SHS E I DUPONT DE NEMOURS I CO INC
COMMON
150 SHS INTERNATIONAL BUSINESS MACHINES
CORP COMMON
"
6/21/95
6/30/95
7/06/95
8/02195
9/06/95
11/03/95
11/03/95
11/08/95
11/14/95
11/14/95
11/15/95
11/17/95
11/20/95
11/30/95
11/30/95
11/30/95
12105/95
12105/95
12105/95
12/05/95
12105/95
12106/95
12108/95
12113/95
12118/95
12118/95
12120/95
.
PRIVATE BANK
PNC18ANK
3124526
50.000.00
19.100.00
74.92
232.90
229.95
13.040.00
18.380.00
14.425.00
23.091.25
18.090.00
14.617.50
23.812.50
10.403.75
19.830.00
31,340.00
18,517.50
12,367.50
13,991.25
25.100.00
11.505.00
21,940.00
19,720.00
19,646.25
49,974.34
20,973.00
20,580.00
13,552.50
t'""0'110'"'
- 20 -
I,
"
.
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOlSDN
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
200 SH5 OHIO EDISON CO COMMON
150 SHS AllTEl CORP COMMON
300 SHS EMERSON ELECTRIC CO COMMON
50 SHS INTERNATIONAL BUSINESS MACHINES
CORP COMMON
100 SHS AMP INC COMMON
300 SHS COCA COLA CO COMMON
600 SH5 DIAL CORP COMMON
300 SHS OENERAl ELECTRIC CO COMMON
300 SHS MCORAW-HIll INC COMMON
400 SHS SEARS ROEBUCK I CD COMMON
300 SHS IllINOIS TOOL WORKS INC COMMON
200 SHS OHIO EDISON CO COMMON
300 SHS AT I T CORP COMMON
500 SHS ENTEROV CDRP NEW COMMON
500 SHS FLEET FINANCIAL OROUP COMMON
200 SHS SBC COMMUNICATIONS INC COMMON
400 SHS SEARS ROEBUCK I CO COMMON
600 SHS WAl-MART STORES INC COMMON
300 SHS DOW CHEMICAL CO COMMON
200 SHS COlOATE PALMOLIVE CO COMMON
150 SHS AllSTATE CORP COMMON
100 SHS COCA COLA CO COMMON
100 SHS DOW CHEMICAL CO COMMON
100 SHS OENERAl ELECTRIC CO COMMON
400 SHS OENERAl MOTORS CORP COMMON
100 SHS INTEL CORP COMMON
150 SHS MOTOROLA INC COMMON
300 SHS NVNEX CORP COMMON
3124526
4.764.00
4.444.50 ,"
24.249.00
1/05/96
1/08/96
1/08/96
1/08/96
4,485.25
3,958.00
22,561.50
17,448.00
21.691.98
26,3B6.50
16.640.00
17 , 461. 50
4,791.00
19,711.50
14,915.00
19,722.50
11,141. 00
15,882.00
11.967.00
20.986.50
14.216.00
6.780.75
8.183,00
7.795.50
8.008.00
21.082,00
5.737.50
8.412.00
16,824.00
1/09/96
1/09/96
1/09/96
1/09/96
1/09/96
1/10/96
1/16/96
1/19/96
1/24/96
1/24196
1/24/96
1/24/96
1/24/96
1/24/96
1/25/96
2108/96
2116/96
2116/96
2116/96
2116/96
2116/96
2116/96
2116/96
2116/96
"""'Ofll"'"'
- 21 -
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
400 SHS WAl-MART STORES INC COMMON
883 UTS PNC SMAll CAP GROWTH EQUITV FUNO
200 SHS CPC INTERNATIONAL INC COMMON
250 SHS JOHNSON I JOHNSON CO COMMON
500 SHS lUBRIlOl CORP COMMON
100 SHS NVNEX CORP COMMON
300 SHS BEll ATLANTIC CORP COMMON
500 SHS FORD MOTOR CO COMMON
100 SHS MERCK I CO INC COMMON
300 SHS ORACLE SYSTEMS CORP COMMON
350 SHS 3 COM CORP
100 SHS XEROX CORP COMMON
250 SHS AMERICAN INTERNATIONAL OROUP
INC COMMON
600 SHS FANNIE MAE CORP COMMON
150 SHS AllSTATE CORP COMMON
300 SHS AllTEl CORP COMMON
150 SHS AMP INC COMMON
100 SHS BEll ATLANTIC CORP COMMON
300 SHS FLEET FINANCIAL GROUP COMMON
100 SHS IllINOIS TOOL WORKS INC COMMON
100 SHS INTERNATIONAL BUSINESS MACHINES
CORP COMMON
300 SHS lA QUINTA INNS INC COMMON
500 SHS MEDTRONICS INC COMMON
50 SHS MOTOROLA INC COMMON
200 SHS ORACLE SYSTEMS CORP COMMON
300 SHS PROCTER I OAMBlE CD COMMON
100 SHS COlUMBIA/HCA HEAlTHCARE CORP COMMON
300 SHS INTERNATIONAL PAPER CO COMMON
"
2/16/96
3/26/96
4/02/96
4/02/96
4/02/96
4/02196
4/03/96
4/03/96
4/03/96
4/03/96
4/03/96
4/03/96
4/08/96
4/0B/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/19/96
4/22196
4/22/96
PRIVATE BANK
PNC18ANK
3124526
B,932.00
49.983.10
13,741. 00
23,207.50
14.790.00
5.120.50
18.886.50
17,102.50
6,283.00
14,400.00
13,956.25
12,733.00
23,551. 25
20,44B.00
5,899.50
9,586.50
6,368,25
6,083.00
12.774.00
6,370.50
11 ,545 .50
8,049.00
27.227.50
2,891. 50
8,975.00
25,636.50
5.283.00
12,211.50
,"'"fl'IIOI"1
- 22 -
PRIVATE BANK
PNC18ANK
4/22/96
5/07/96
5/07/96
5/07196
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
50 SHS MOTOROLA INC COMMON
50 SHS AT I T CORP COMMON
200 SHS AllTEl CORP COMMON
150 SHS AMERICAN INTERNATIONAL OROUP
INC COMMON
300 SHS E I DUPONT DE NEMOURS I CO INC
COMMON
200 SHS ENTERGV CORP NEW COMMON
400 SHS FANNIE MAE CORP COMMON
300 SHS FLUOR CORP COMMON
100 SHS FORD MOTOR CO COMMON
200 SHS OENERAl ELECTRIC CO COMMON
100 SHS INTEL CORP COMMON
300 SHS lUBRIlOl CORP COMMON
100 SHS MERCK I CO INC COMMON
200 SHS SBC COMMUNICATIONS INC COMMON
100 SHS TENNECO INC COMMON
100 SHS 8Ell ATLANTIC CORP COMMON
300 SHS ENTERGV CORP NEW COMMON
200 SHS FANNIE MAE CORP COMMON
200 SHS FORD MOTOR CO COMMON
100 SHS OENERAl MOTORS CORP COMMON
600 SHS MCDONAlDS CORP COMMON
100 SHS MEDTRONICS INC COMMON
150 SHS ORACLE SYSTEMS CORP COMMON
3124526
2,879,00
2.991.50
6,491.00
13.605.75
5/07/96
23.836.50
5.291.00
11,882.00
18,999.00
3,658.00
15,503.50
6,837.50
8.836.50
5.895.50
9,991. 00
5.420.50
6,408.00
8,236.50
6,466.00
7,391. 00
5,658.00
25,848.00
5,008.00
5,587.50
5/07/96
5/07/96
5/07/96
5/07196
5/07/96
5/07/96
5/07/96
5/07/96
5/07/96
5/07/96
5/24/96
5/24/96
5/24/96
5/24/96
5/24/96
7/15/96
7/22/96
7/22/96
".INOlllO'",
- 23 -
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - CHANOES IN INVESTMENT HOlDINOS
11/30/95 PURCHASED
300 SHS AT I T CORP COMMON
1/24/96 PURCHASED
300 SHS AT I T CORP COMMON
5/07196 PURCHASED
50 SHS AT I T CORP COMMON
10/02196 AT I T CORP COMMON
REDUCE ACCOUNT VALUE BY RECEIPT OF
210.654 SHS lUCENT TECHNOLOGIES INC
COMMON
1/03/97 AT I T CORP COMMON
REDUCE ACCOUNT VALUE BV RECEIPT OF
40.625 SHS NCR CORP COMMON
4/03/97 SOLD
650 SHS AT I T CORP COMMON
..........
o SHS
11/30/95 PURCHASED
400 SHS BRISTOL HYERS SQUIBB CO COMMON
3/03/97 STOCK SPLIT 2-1
400 SHS BRISTOL MVERS SQUIBB CO COMMON
4/14/97 SOLD
800 SHS BRISTOL MVERS SQUIBB CO COMMON
9/22195
..........
o SHS
2,000 SHS BURlINOTON NORTHERN SANTA FE
COMMON
FORMERLY BURLINGTON NORTHERN INC
COMMON
SOLD
2,000 SHS BURLINGTON NORTHERN SANTA FE
COMMON
4/19/96
..........
o SHS
3/21/94
RECEIVED
2,000 SHS BURlINOTON NORTHERN INC COMMON
2,000 SHS BURLINGTON NORTHERN INC COMMON
NOW BURlINOTON NORTHERN SANTA FE
COMMON
9/22/95
..........
o SHS
- 24 -
3124526
19.830.00
19,711.50
2,991.50
11,904.99-
1,460.96-
29,167.05-
..........
.00
31,340.00
31,340.00-
..........
.00
16,807.00
16,807.00-
..........
.00
16,807.00
16,807.00-
..........
.00
'IlING'''D/"'
,
PRIVATE BANK
PNC18ANK
3124526
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEOULES - CHANOES IN INVESTMENT HOLOINOS
8/03/92
1,000
1,000
RECEIVED
SHS CCNB CORP COMMON
SHS CCNB CORP COMMON
EXCHANOED FOR
1,320 SHS PNC BANK CORP COMMON
34,00B.06
10/23/92
34.00B.06-
..........
o SHS
..........
.00
3/05/97
PURCHASED
300 SHS COCA COLA CO COMMON
PURCHASED
100 SHS COCA COLA CO COMMON
STOCK SPLIT 2-1
400 SHS COCA COLA CO COMMON
SOLD
800 SHS COCA COLA CO COMMON
22.561.50
1/09/96
2/16/96
B,lB3.00
5/13/96
30,744.50-
2/25/97
..........
o SHS
PURCHASED
300 SHS COlUMBIA/HCA HEALTH CARE CORP COMMON
PURCHASED
100 SHS COlUMBIA/HCA HEAlTHCARE CORP COMMON
,
STOCK SPLIT 3-2
200 SHS COlUMBIA/HCA HEALTH CARE CORP COMMON
SOLD
600 SHS COLUMBIA/HCA HEAlTHCARE CORP COMMON
..........
.00
11/15/95
14,617.50
4/22196
5,283.00
10/16/96
19,900.50-
9/13/95
..........
o SHS
RECEIVED
1,000 SHS El PASO NATURAL GAS CO COMMON
SOLD
1,000 SHS EL PASO NATURAL GAS CO COMMON
46.5 SHS EL PASO NATURAL GAS CO COMMON
RECEIVED IN DISTRIBUTION ON
500 SHS TENNECO INC COMMON
SOLD
0.5 SHS EL PASO NATURAL GAS CO COMMON
SOLD
46 SHS EL PASO NATURAL OAS CO COMMON
..........
.00
3/29/94
5,561.26
5,561.26-
12117196
1.899.65
12127/96
20.43-
12130/96
1,B79.22-
'",NII'IIOI"'
- 25 -
"
PRIVATE BANK
PNC18ANK
3124526
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTMENT HOlDINOS
CONTINUED, El PASO NATURAL OAS CO COMMON
3/29/94
11/13/95
2116/96
4/19/96
2111/97
4/02196
6/12196
3/05/97
11/03/95
4/19/96
7/16/96
1/0B/97
12106/95
12/21195
..........
..........
o SHS
.00
RECEIVED
6,200 SHS H J HEINl CO COMMON
STOCK SPLIT 3-2
3,100 SHS H J HEINl CO COMMON
SDlD
4,300 SHS H J HEINl CO COMMON
SOLD
4,000 SHS H J HEINl CD COMMON
SOLD
1,000 SHS H J HEINl CO COMMON
37,537.50
17,356.05-
16,145.16-
4,036.29-
..........
..........
.00
o SHS
PURCHASED
250 SHS JOHNSON a JOHNSON CO COMMON
STOCK SPLIT 2-1
250 SHS JOHNSON a JOHNSON CO COMMON
SOLD
500 SHS JOHNSON a JOHNSON CO COMMON
23,207.50
23,207.50-
..........
o SHS
PURCHASED
500 SHS LA QUINTA INNS INC COMMON
PURCHASED
300 SHS lA QUINTA INNS INC COMMON
STOCK SPLIT !-2
400 SHS LA QUINTA INNS INC COMMON
SOLD
1,200 SHS lA QUINTA INNS INC COMMON
..........
.00
13,040.00
8,049.00
21,089.00-
..........
o SHS
PURCHASED
200 SHS ELI LIlLV I CO COMMON
STOCK SPLIT 2-1
200 SHS ELI LILLV I CO COMMON
..........
.00
19,720.00
'1'1''''0,.10,"1
- 26 -
'.
PRIVATE BANK
PNC18ANK
3124526
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTMENT HOLDINOS
CONTINUED, Ell lIlLY I CD COMMON
3/25/97 SOLD
400 SHS Ell lIlLY I CO COMMON
10/02196
10/15/96
3/25/97
19,720.00-
..........
..........
o SHS
210.654 SHS LUCENT TECHNOlOOIES INC COMMON
RECEIVED IN DISTRIBUTION ON
650 SHS AT I T CORP
SOLD
0.654 SHS LUCENT TECHNOlOOIES INC COMMON
SOLD
210 SHS lUCENT TECHNOLOGIES INC COMMON
.00
11,904.99
36.96-
11,868.03-
..........
o SHS
..........
.00
1/09/96 PURCHASED
300 SHS MCGRAW-HIll INC COMMON
4/29/96 STOCK SPLIT 2-1
300 SHS MCGRAW-HILL INC COMMON
2111/97 SOLD
600 SHS MCGRAW-HILL INC COMMON
4/08/94
12108/94
12108/94
9/12195
26,386.50
26,386.50-
..........
o SHS
..........
.00
4,956
4,956
RECEIVED
SHS HERRIlL LYNCH FED SECS TR Cl A
SHS MERRILL LYNCH FED SECS TR Cl A
NOW MERRIL LYNCH FED SEC TRUST
CLASS D
1.00-
1.00
..........
o SHS
4,956 SHS MERRILL LYNCH FED SECS TR Cl D
FORMERlV MERRILL LYNCH FED SECS
TRUST CLASS A
SOLD
4,956 SHS MERRILL lYNCH FED SECS TR CL D
..........
.00
1.00
1. 00-
..........
o SHS
..........
.00
'1IIINOllt.,"1
- 27 -
"
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTMENT HOLDINGS
1/03/97 40.625 SHS NCR CORP COMMON
RECEIVED IN DISTRIBUTION ON
650 SHS AT a T CORP COMMON
1/10/97 SOLD
0.625 SHS NCR CORP COMMON
1/15/97 SOLD
40 SHS NCR CORP COMMON
3124526
1,460.96
22.4B-
1,438.48-
12130/96
..........
o SHS
100 SHS NEWPORT NEWS SHIPBUILDING INC
COMMON
RECEIVED IN DISTRIBUTION ON
500 SHS TENNECO INC COMMON
SOLO
100 SHS NEWPORT NEWS SHIPBUILDING INC
COMMON
..........
.00
12117196
1.445.90
1,445.90-
..........
o SHS
..........
.00
4/03/96 PURCHASEO
300 SHS ORACLE SYSTEMS CORP COMMON
4/17196 STOCK SPLIT 3-2
150 SHS ORACLE SYSTEMS CORP COMMON
4/19/96 PURCHASED
200 SHS ORACLE SYSTEMS CORP COMMON
4/22196 STOCK SPLIT 3-2
100 SHS ORACLE SYSTEMS CORP COMMON
7122196 PURCHASEO
150 SHS ORACLE SYSTEMS CORP COMMON
1/08/97 SOLD
900 SHS ORACLE SYSTEMS CORP COMMON
..~.......
o SHS
10/23/92 1,320 SHS PNC BANK CORP COMMON
IN EXCHANGE FOR
1,000 SHS CCNB CORP COMMON
~ 113/95 RECEIVED
6BO SHS PNC BANK CORP COMMON
10/30/95 SOLD
2,000 SHS PNC BANK CORP COMMON
14.400.00
8,975.00
5,587.50
28.962.50-
..........
.00
34,008 . 06
15,954.24
49.962.30-
""NO'IIO'"'
- 28 -
..c;.,,.,."'.',.....;.~.f.~;.
C.l..........:_-~.~~;..; . ;;.:....-'
, .....;-,...;,........-....
"
, .
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
PRINCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTMENT HOLDINGS
CONTINUED, PNC BANK CORP COMMON
3124526
12117196
..........
o SHS
500 SHS TENNECO INC COMMON NEW
FORMERlV TENNECO INC COMMON
SOLD
500 SHS TENNECO INC COMMON NEW
20,164.95-
..........
.00
20,164.95
3/25/97
..........
o SHS
..........
.00
11/14/95
PURCHASED
400 SHS TENNECO INC COMMON
PURCHASED
100 SHS TENNECO INC COMMON
TENNECO INC COMMON
REDUCE ACCOUNT VALUE BY RECEIPT OF
46.50 SHS El PASO NATURAL GAS CD a
100 SHS NEWPORT NEWS SHIPBUILDING
INC COMMON
500 SHS TENNECO INC COMMON
NOW TENNECO INC COMMON NEW
20,164.95-
18,090.00
5/07196
5.420.50
12117196
3,345.55-
12117196
..........
o SHS
..........
.00
4/03/96
PURCHASED
100 SHS XEROX CORP COMMON
STOCK SPLIT 3-1
200 SHS XEROX CORP COMMON
SOLD
300 SHS XEROX CORP COMMON
12.733.00-
12,733.00
6/07196
2/07197
..........
o SHS
..........
.00
I
I
I
I
I
I
i
I
- 29 -
''''NOIIIO'"'
.
,.
I
i
I
I
1.--.;.:..
"
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON 3124526
RECEIPTS OF INCOME
7131/95 CASH DEFICIT PER STATEMENT
DATED 7131/95 60.00-
INTEREST
STOS FOR SPECIAL RESERVE
8/02195 232.90
9/06/95 229.95
9/19/95 72.73
535.5B
DIVIDEND
AT a T CORP COMMON
2/01196 99.00
5/01/96 198.00
8/01196 214.50
11/01/96 214.50
2103/97 214.50
5/01/97 214.50
ALLSTATE CORP COMMON 1,155.00
3/28/96 95.63
6/27196 127.50
9/27196 127.50
12/30/96 127.50
478.13
ALL TEL CORP COMMON
1/03/96 91. 00
4/03/96 130.00
7103/96 260.00
10/03/96 260.00
1103/97 275.00
4/03/97 275.00
AMERICAN INTERNATIONAL 1,291.00
GROUP
INC COMMON
6/21196 3'1.00
9/20/96 40.00
12/20/96 40.00
114.00
AMP INC COMMON
3/01196 112.50
6/03/96 150.00
9/03/96 150.00
12102196 150.00
3/05/97 156.00
718.50
ANANGEl-AMERICAN SHIPHOlDINGS lTD
SPONSORED
10/16/95 500.00
500.00
BANC ONE CORP COMMON
9/29/95 409.70
409.70
BANC ONE CORP CONV PFD SER C .3.50
9/29/95 437.50
1/02196 437.50
''''HOIIIl/"'
- 30 -
"
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON 3124526
RECEIPTS OF INCOME
CONTINUED, COCA COLA CO COMMON
12/16/96 100.00
400.00
COLGATE PALMOLIVE CD COMMON
5/15/96 94.00
8/15/96 94.00
11/15/96 94.00
2/1B/97 94.00
376.00
COlUMBIA/HCA HEAlTHCARE CORP COMMON
3/01196 9.00
6/03/96 12.00
9/03/96 12.00
12102196 12.00
3/03/97 12.00
57.00
CONRAIL INC COMMON
12/15/95 148.75
3/15/96 111B.75
6/17/96 14B.75
9/16/96 166.25
612.50
DOW CHEMICAL CO COMMON
4/30/96 300.00
7130/96 300.00
10/30/96 300.00
1/30/97 300.00
4/30/97 300.00
1,500.00
E I DUPONT DE NEMOURS I CO INC
-' COMMON
3/14/96 156.00
6/12196 342.00
9/12196 342.00
12116/96 342.00
3/14/97 342.00
1.524.00
El PASO NATURAL BAS CO COMMON
10/02/95 330.00
330.00
EMERSON ELECTRIC CO COMMON
3/11/96 147.00
6/10/96 147.00
9/10/96 147.00
12110/96 162.00
3/10/97 162.00
765.00
ENTEROV CORP NEW COMMON
12101/95 225.00
3/01196 450.00
6/03/96 540.00
9/03/96 675.00
12102196 675.00
3/03/97 675.00
3.240.00
,,,'''1111,,"1
- 32 -
'.
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON 3124526 ,
RECEIPTS OF INCOME
FANNIE MAE CORP COMMON
5/28/96 114.00
8/26/96 22B.00
11/25/96 228.00
2/25/97 252.00
822.00
FLEET FINANCIAL GROUP COMMON
4/01196 215.00
7101196 344.00
10/01196 344.00
1/02197 360.00
4/01197 360.00
FLUOR CORP COMMON 1,623.00
7116/96 51. 00
10/15/96 51.00
1114/97 57.00
159.00
FORD MOTOR CO COMMON
6/03/96 175.00
9/03/96 308.00
12102196 308.00
3/03/97 308.00
GAP INC COMMON 1.099.00
9/11/95 96.00
96.00
GENERAL ELECTRIC co COMMON
4/25/96 IB4.00
7125/96 276.00
10/25/96 276.00
1127197 312.00
4/25/97 312.00
GENERAL MOTORS CORP COMMON 1,360.00
6/10/96 160.00
9/10/96 200.00
12110/96 200.00
560.00
GRAND MET PlC SPONSORED ADR
10/06/95 455.19
455.19
HANSON PlC SPONSORED ADR COMMON
10/10/95 591. 75
H J HEINl CO COMMON 591. 75
10/10/95 2.464.50
1/10/96 2.464.50
4/10/96 1,325.00
7110/96 265.00
10/10/96 290.00
1/10/97 290.00
ILLINOIS TOOL WORKS INC COMMON 7,099.00
4/25/96 51.00
7/25/96 6B.00
10/25/96 76.00
1ft'ND'I'''"'
- 33 -
RECEIPTS OF INCOME
CONTINUED I ILLINOIS TOOL WORKS INC COMMON
1/24/97 76.00
INTEL CORP COMMON
3/01/96 16.00
6/03/96 20.00
9/03/96 30.00
12/02/96 30.00
3/03/97 30.00
INTERNATIONAL BUSINESS MACHINES
CORP COMMON
3/11/96 50.00
6/10/96 105.00
9/10/96 105.00
12/10/96 105.00
3/10/97 105.00
INTERNATIONAL PAPER CO COMMON
3/15/96 75.00
6/17/96 150.00
9/16/96 150.00
12/16/96 150.00
3/14/97 150.00
JOHNSON a JOHNSON CO COMMON
6/11/96 95.00
9/10/96 95.00
12/10/96 95.00
3/11197 95.00
lA QUINTA INNS INC COMMON
12/18/95 12.50
3/15/96 12.50
6/1B/96 20.00
9/16/96 21.00
12/16/96 21.00
Ell lILlY 8 CO COMMON
3/11/96 137.00
6/10/96 137.00
9/10/96 137.00
12/10/96 137.00
3/10/97 144.00
lUBRIlOL CORP COMMON
6/10/96 192.00
9/10/96 192.00
12/10/96 200.00
3/10/97 200.00
lUCENT TECHNOLOGIES INC COMMON
3/03/97 15.75
MCDONALDS CORP COMMON
9/13/96 45.00
CLARENCE D NICHOLSON
PRIVATE BANK
PNC18ANK
3124526
271.00
126.00
470.00
675.00
3BO.00
87.00
692.00
784.00
15.75
'''.HIl'IIOl''1
- 34 -
"
CLARENCE D NICHOLSON
PRIVATE BANK
PNC18ANK
312'1526
RECEIPTS OF INCOME
CONTINUED, MCDONAlDS CORP COMMON
12/13/96 45.00
90.00
MCORAW-HIll INC COMMON
3/12196 19B.00
6/12196 19B.OO
9/11/96 19B.00
12/11/96 198.00
792.00
MEDTRONICS INC COMMON
B/02l96 47.50
11/01/96 57.00
1/31/97 57.00
161. 50
MERCK I CO INC COMMON
10/02195 102.00
1/02196 102.00
4/01196 102.00
7/01196 170.00
10/01/96 200.00
1/02197 200.00
4/01/97 210.00
1,OB6.00
MERRILL lYNCH FED SECS TR Cl D
B/22195 2'13.39
9/13/95 IB3.0B
426.47
MOTOROLA INC COMMON
1/17196 30.00
4/15/96 45.00
7/15/96 66.00
10/15/96 66.00
1/17197 66.00
273.00
NORFOLK SOUTHERN CORP COMMON
9/11/95 520.00
12111/95 520.00
3/11/96 560.00
6/10/96 560.00
9/10/96 560.00
12/10/96 560.00
3/10/97 600.00
NYNEX CORP COMMON 3,8BO.00
5/01196 236.00
B/01l96 236.00
11/01196 236.00
2103/97 236.00
5/01197 236.00
OHIO EDISON CO COMMON 1,lBO.00
12129/95 300.00
3/29/96 450.00
6/2B/96 450.00
9/30/96 450.00
12131/96 450.00
2,100.00
'''IN,.,'''"I
- 35 -
CLARENCE D NICHOLSON
43.75
COMMON
4B7.2B
48.73
380.39
38.04
INC COMMDIl
165.00
258.00
344.00
344.00
344.00
35B.00
PRIVATE BANK
RECEIPTS OF INCOME
PNC BANK CORP COMMON
10/24/95
PROCTER a GAMBLE CO COMMON
5/15/96
B/15/96
11/15/96
2114197
RAVONIER INC COMMON
9/29/95
ROVAL DUTCH PETROLEUM CO
6/05/96
6/14/96
10/02196
10/24/96
SBC COMMUNICATIONS
2101/96
5/01/96
B/Ol/96
11/01196
2103/97
5/01197
SEARS ROEBUCK I CO COMMON
4/01/96
7101196
10/01/96
1/02197
SUNTRUST BANKS INC COMMON
9/15/95
12115/95
3/15/96
TENNECO INC COMMON NEW
3/11/97
TENNECO INC COMMON
12112195
3/12196
6/11/96
9/10/96
12110/96
TVCO INTERNATIONAL lTO
B/01l95
11/01/95
U 0 I HOLDING CORP COMMON
10/02195
UST INC COMMON
9/15/95
- 36 -
PNC18ANK
3124526
700.00
700.00
120.00
135.00
135.00
135.00
525.00
43.75
954.44
1,B13.00
184.00
IB4.00
IB4.00
184.00
736.00
360.00
400.00
400.00
1,160.00
150.00
150.00
160.00
180.00
225.00
225.00
225.00
1,015.00
100.00
100.00
200.00
700.00
700.00
325.00
325.00
'''INOII'''"'
1,036.BO
1.036.BO
1,036.80
1,036.80
1,152.00
1,152.00
INC COMMON
"
PRIVATE BANK
CLARENCE D NICHOLSON
RECEIPTS OF INCOME
UNOCAL CORPORATION COMMON
8/10/95
11/10/95
2109/96
5/10/96
B/09/96
11/0B/96
WACHOVIA CORP COMMON
9/01/95
12101/95
3/01196
6/03/96
9/03/96
12102196
WAl-MART STORES
4/0B/96
7108/96
10107196
1/17197
WEIS MARKETS INC COMMON
B/25/95
WENDY'S INTERNATIONAL INC
COMMON
B/28/95
XEROX CORP COMMON
7101196
10/01196
1102197
OTHER INCOME
PNC SMALL CAP GROWTH EQUITV
4/02196
4/09/96
4/16/96
4/23/96
4/30/96
5/07196
5/14/96
5/21/96
5/29/96
6/04/96
6/11/96
6/1B/96
6/25/96
7102196
7109/96
7116/96
7123/96
7130/96
8/06/!'6
B/13/96
- 57 -
PNC18ANK
J
3124526
200.00
200.00
200.00
200.00
200.00
200.00
1,200.00
6,451. 20
52.50
52.50
31. 50
31.50
168.00
525.00
525.00
60.00
60.00
87.00
87.00
87.00
261. 00
FUND
1.43
1.54
I.B3
2.3B
4.72
4.34
2.52
2.43
2.03
2.01
.96
2.03
1.43
2.69
1.24
.99
2.17
3.95
5.31
2.32
TR,NOIIIO,",
f.
!"
['
RECEIPTS OF INCOME
CONTINUED, PNC SMALL CAP OROWTH EQUITY FUND
8/20/96
8/27196
9/04/96
9/10/96
9/17196
9/24/96
10/01196
10108/96
10/16/96
10/22196
10/29/96
11/04/96
11/13/96
11/19/96
11/26/96
12103/96
12110/96
12117196
12124/96
12/31196
1103/97
1/14/97
PNC INTERNATIONAL EQUITV FUND
12/19/95 2.39
1/03/96 14.03
1/10/96 10.44
.1/16/96 ,4.75
4/02/96 52.97
4/09/96 41.56
4/23/96 29.49
5/07/96 43.47
5/14/96 ~ 70.72
5/21/96 .70
5/28/96 7.07
6/04/96 52.50
6/11/96 15.5B
6/25/96 66.71
7/02/96 47.12
7/09/96 65.71
7/16/96 16.99
7/23/96 1.06
7/30/96 6.13
8/06/96 13.50
8/13/96 3.60
8/20/96 1.43
8/27196 . 10.62
9/04/96 22.91
9/10/96 3.03
9/17/96 23.70
9/24/96 2.27
10/01/96 70.15
10/08/96 24.05
10/16/96 .62
10/22/96 16.67
'.
CLARENCE D NICHOLSON
PRIVATE BANK
PNC18ANK
3124526
2.71
2.13
4.14
3.17
3.93
4.29
5.09
1.59
1.28
1.20
3.19
2.97
6.39
5.85
5.37
5.28
3.B4
4.53
4.33
3.10
3.11
5.09
130.90
'''INO''III"I
- 38 -
CONTINUED. PNC INTERNATIONAL EQUITV FUND
10/29/96
11104/96
11/19/96
12110/96
12117196
12124/96
12/31/96
1114/97
COMPASS CAPITAL MONEV MARKET
SERVICE CLASS FO .08
8/02195
8/02195
9/01195
9/01/95
10/02195
10/02195
11/01195
11/01/95
12101/95
12101/95
1/02196
1/02196
2101/96
2101/96
3/01/96
3/01196
4/01/96
4/01/96
5/02196
5/02/96
6/03/96
6/03/96
7101/96
7101/96
8/01/96
8/01/96
9/03/96
9/03/96
10/01/96
10/01/96
11101/96
11/01/96
12102/96
12102/96
1/02197
1/02/97
2/03/97
2103/97
S/03/97
3/03/97
4/02197
4/02/97
5/01/97
5/01/97
'.
CLARENCE D NICHOLSON
, .
PRIVATE BANK
PNC18ANK
3124526
RECEIPTS OF INCOME
8.42
7.46
.37
20.47
16.72
19.92
13.52
B.OO
834.82
-'
15.67
104.43
1.13
151.05
7.28
1,259.93
36.23
2,890.10
55.14
3,217.06
74.65
2,072.67
95.95
1.08B.72
94.63
489.64
109.39
72B.43
122.20
376.00
136.27
3B6.64
146.40
177 .15
166.29
239.37
174.07
16B.47
183.87
163.64
202.42
169.31
201.99
247.36
225.21
428.05
235.07
1,B63.65
151.13
2,74B.35
79.45
5,533.08
102.93
8.097.60
U.INorlll'"'
- 39 -
,
. .
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
3124526
,
RECEIPTS OF INCOME
CONTINUED, COMPASS CAPITAL MONEY MARKET
6/02197
6/02197
7101/97
7101197
8/01/97
8/01197
9/02197
9/02197
10/01197
10/01197
11/03/97
11/03/97
146.50
8,794.86
174.88
B,615.86
215.02
8,919.48
245.62
8.89B.60
271. 54
B,589.43
306.25
8,885.19
89.281.30
,
1:'
8/04/95
MISCELLANEOUS
PENlOIL REBATE
'TOTAL INCOME
3.60
159.814.08
. ............
'...N~rllO/")
- 40 -
.
PRIVATE BANK
PNClmANK
CLARENCE D NICHOLSON
DISBURSEMENTS OF INCOME
3124526
8/02195
TRANSFER TO PRINCIPAL
FOR REINVESTMENT
TRANSFER TO PRINCIPAL
FOR REINVESTMENT
ORAND MET PlC SPONSORED ADR
15X TAX WITHHELD
HANSON PlC SPONSORED ADR COMMON
15X BRITISH TAX WITHHELD
ROVAl DUTCH PETROLEUM CO
NV REGISTRV SH PAR N GlDR 5 COMMON
25X NETHERLAND TAX WITHHELD
ROVAL DUTCH PETROLEUM CO
NV REGISTRY SH PAR N GlDR 5 COMMON
25X NETHERLAND TAX WITHHELD
ROVAL DUTCH PETROLEUM CO
NV REOISTRY SH PAR N GlDR 5 COMMON
SERVICE FEE
TRUSTEES COMPENSATION
PNC BANK, NATIONAL ASSOCIATION
COMPENSATION BASED ON PRINCIPAL
MARKET VALUE
8/08/95
9/06/95
10/06/95
11/07195
12106/95
1/09/96
2106/96
3/06/96
4/08/96
5/07196
6/06/96
7108196
8/06/96
9/06/96
10/08/96
11/06/96
12106/96
1/07197
2106/97
3/06/97
4/08/97
5/06/97
6/06/97
7108/97
8/06/97
9/08/97
10/07197
232.90-
9/06/95
229.95-
10/06/95
68.28-
10/10/95
88.76-
6/05/96
121.82-
10/02196
95.10-
11/21/96
.22-
1,054.70-
1,067.17-
1,08B.05-
1,095.16-
1,105.35-
1,110.16-
1,126.78-
1,156.94-
1.151. 98-
1,133.83-
1,168.30-
1,165.60-
1,150.80-
1,149.53-
1,210.49-
1,224.21-
1,264.57-
1,266.74-
1,295.04-
1,289.84-
1,275.79-
1,270.43-
1,270.43-
1.270.37-
1,270.37-
1,270.37-
1,270.37-
32,173.37-
'''INtI'IO/"1
- 41 -
.
.
PRIVATE BANK
PNC18ANK
CLARENCE D NICHOLSON
DISTRIBUTIONS OF INCOME TO BENEFICIARIES
ESTATE MARV NICHOLSON
DECEASED
2/18/97
INCOHE ON HAND AND ACCRUED TO
8/21/96 (DATE OF DEATH)
44,803.27-
TOTAL INCOME DISTRIBUTIONS
- 43 -
"'INO'"OfH'
3124526
44,803.27-
44,803.27-
..........
SCHEDULE OF PROPOSED DISTRIBUTION
The will of Clarence D. Nicholson, after giving the tangi-
bles to his wife, Mary Nicholson, in Item I, in Item II "poured
over" his entire estate to CCNB Bank, N.A. (now PNC Bank, National
Association) to be held in the trust created by him on November
27, 1991, together with any amendments thereto, "or any other
trust which may hereafter be substituted therefore." The testa-
tor/settlor created a new trust dated October 21, 1994, in which
he expressly stated that it was a substitute for the November 27,
1991, trust, and executed a further, and final amendment, on
February 2, 1995, which amendment contained the final dispositive
provisions of his estate plan.
Mary Nicholson died August 21, 1996, and under the terms of
the trust, it terminates upon her death and the balance then
remaining in the trust is to distributed according to its terms.
PNC Bank, National Association, as both Executor and Trust-
ee, is thus filing its First and Final Account as Bxecutor and
its First and Final Account as Trustee at the same time. For
purposes of clarity, a Combined Proposed Schedule of Distribution
for both the estate and the trust is being attached to both
accounts, together with this explanatory memorandum.
- 45 -
~iJ~.~?r\';.i~c'~~~.~~;l,_, "~~ ~'~~_'CO'";~'
\
._..._-..-.-.......~-.<~~;':~~~'~.:~::""'...~...---,~.
,
, .
COMBINED PROPOSED SCHEDULE OF D1STWBUTlON
FOR CLARENCE D. NICHOLSON ESTATE AND
CLARENCE D. NICHOLSON TRUST
Estate balance
Trust balance
S 34,795.57
2.092.094,59
Grand Total for distribution
s~
Distribution is made pursuant to amendment dated 2/2195 to revocable trust agreement dated
10/21/94:
item E(5)(a)
To: Hwnane Society of the United States
22100 L Street NW
Washington DC 20077-6844
S 425,378.03
Item E(5)(b)
To: American Society for the Prevention of Cruelty
to Animals
,441 E 92nd St.
New York NY 10130
S 425,378.03
Item E(5)(c)
To: Animal Protection Institute of America
PO Box 22505
Sacramento CA 95822-9986
S 425,378.03
Item E(5)(d)
To: Guidings for the Blind Inc.
. Yorktown Heights, NY 10598.9998
S 425,378.03
,Item E(5)(e)
To: Bnmitz United Methodist Church
23 Church Lane
Carlisle P A 17013
S 425,378.04
- 46 -
.p\tU\nlcho1.ln.da\10..'C 9rr".fh:la.
"J~' ~ytJ",( r' /I jn -11 mw6
)
REVOCABLE TRUST AGREEMENT
THIS AGREEMENT 0..
C c:hiKi "
TRUST, executed in duplicate this
.:1'..r day of
, 1994, by and between CLARENCE D. NICHOLSON, of 23
Creekview Drive, Carlisle, County of Cumberland, and Commonwealth of
Pennsylvania, (hereinafter called the "Settlor") and PNC BANK, N.A.,
(hereinafter called "Trustee");
WIT N ESE T HI
WHEREAS, Settlor has transferred to the Trustee all the property
described in Schedule A annexed hereto; and
WHEREAS, settlor has designated the Trustee as benef~ciary under
the life insurance policies described in Schedule B annexed hereto,
NOW, THEREFORE, Settlor hereby establishes with Trustee a trust
consisting of the property described in the aforesaid Schedule A,
together with all other property, real or personal, that may be added
to the trust and including the proceeds of any policies of life
insurance in which the Trustee is named as beneficiary (such property,
additions and proceeds being hereinafter called principal) to be held
by the Trustee, IN TRUST, for the following uses and purposesl
FIRST I During the lifetime of the Settlor I
A. The Trustee shall pay the net income to the Settlor in
such periodic installments as the Trustee shall find convenient, but
at least as often as quarter-annually.
-1-
.
l
I
B. The Trustee may apply the net income of this Trust for
ths support of the settlor should he by reason of age, illness or any
other causs, in the opinion of the Trustee, be incapable of disbursing
it, and Trustee is further authorized to expend or apply from the
principal of this Trust such sums as it, in its sole discretion, may
from time to time deem advisable for the support of Settlor to main-
tain him in the station of life to which he is accustomed at the
creation of this Trust or during illness or emergency.
C. The Trustee shall pay so much of the principal of the
Trust up to the entire amount of principal to the settlor as the
Settlor shall request in writing.
D. If the Settlor is, in the opinion of the Trustee,
disabled by reason of age, illness or any other cause, the Trustee
may, but is not required to, apply for Settlor's wife's benefit as
much of the net income and principal of this Trust as Trustee may deem
advisable for Settlor's wife's support to maintain her in the standard
of living to which she is accustomed at the creation of this Trust,
taking into account her other readily available assets and sources of
income.
SECOND: Upon the death of the Settlor, the Trustee shall hold
all of the principal as a separate trust under this Article Second for
the following uses and purposes.
A. To pay the net income therefrom to Settlor's wife, MARY
NICHOLSON, for and during her lifetime in such periodic installments
-2-
as Trustee shall find convenient, but at least as often as quarter-
annually.
B. As much of the principal of this trust as Trustee, in
its sole discretion, may from time to time deem advisable for the
support of Settlor's wife to maintain her in the station of life to
which she is accustomed at Settlor's death, or during illness or
emergency, shall be either paid to her or else applied directly for
her benefit by Trustee after taking into account her other readily
available assets and sources of income.
C. Trustee may apply the net income of this trust for the
support of settlor's wife, MARY NICHOLSON, should she by reason of
age, illness or any other cause, in the opinion of Trustee, be incapa-
ble of disbursing it.
D. This Trust is intended to empower Settlor's executor to
qualify this gift or as much thereof as if it deems advantageous for
the qualified terminable interest property provision set forth in
section 2056(c)(7) of the Internal Revenue Code, as amended, and
Settlor's executor is hereby authorized to make the election to
qualify or not to qualify. As such Settlor directs that (1) if any
provision of Settl.or's will or trust shall result in depriving this
Trust of the benefits of IRC S 2056(c)(7), if elected, such provision
is hereby revoked and Settlor's will and trust will be read as if any
portion thereof which would result in such disqualification is null
and void1 (2) Settlor's executor is hereby excused from liability to
any person or party for the decision to elect to have this Item
-3-
"
qualify for the marital deduction or for the decision to elect not to
so qualify it; and (3) no reimbursement or other adjustment shall be
made as among beneficiaries by reason of the consequences of such
election or failure to elect.
E. Upon the death of the Settlor's wife, MARY NICHOLSON, or
upon the Settlor's death, if his wife predeceases him, the trust shall
terminate and the then remaining principal and accumulated or undis-
tributed income shall be distributed as set forth below. Each of the
. "~ ;
\" / following bequests shall be made in the honor of Settlor' s wife, MARY
" l
"_ NICHOLSON, if Settlor predeceases herl and, if Settlor's wife prede-
'o\-i:
.~ ceases Settlor, each of the following bequests shall be made in loving
memory of Settlor's wife, MARY NICHOLSON, and the Settlor's parents,
DAVID and BEATRICE NICHOLSON, and loved ones:
(1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
its successor;
(2) The sum of $5,000.00 to the SAINT MATTHEWS LUTHER-
AN CHURCH, now of 663 North Main Street, Wilkes-Barre, Pennsylvania,
or its successor;
(3) The sum of $5,000.00 to the SAINT JOHNS ANGLICAN
CHURCH, now of Ancaster, Ontario, Canada;
(4) All the rest, residue and remainder thereof to be
distributed in equal shares as follows:
-4-
r
I
r
I
(a) One-Fourth to the HUMANE SOCIETY UNITED
STATES, now of 22100 L. Street, NW Washington, D.C. 20077-6844, or its
successorl
(b) One-fourth thereof to the AMERICAN SOCIETY
FOR THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-
Second Street, New York, New York, 10130, or its successorl
(c) One-fourth thereof to the ANIMAL PROTECTION
INSTITUTE OF AMERICAN, now of P.O. Box 22505, Sacramento, California
95822-9986, or its successorl
(d) The remaining one-fourth thereof to GUIDING
EYES FOR THE BLIND, INC., now of Yorktown Heights, New York, 10598-
9998, or its successor.
F. Should Settlor's wife, MARY NICHOLSON, be, in the
opinion of the Trustee, incapable of properly disbursing principal and
income to be distributed to her because of age, illness or other
cause, and should it be impossible or inadvisable, in the opinion of
the Trustee, for such funds to be paid to MARY NICHOLSON, such funds
may be held, in the sole discretion of Trustee, IN FURTHER TRUST, and
Trustee may accumulate the income and shall apply from time to time
such portions of income, accumulated income, and principal from this
further trust as it thinks proper for the said MARY NICHOLSON's
support and general welfare. The trust created under this subpara-
graph F. may be added to the original trust created herein for
administrative purposes.
-5-
~
.
I
!
~
THIRD: The interests of the beneficiaries hereunder shall not be
subject to anticipation or to voluntary or involuntary alienation.
FOURTH: Trustee shall have the power, but not the duty, to make
such expenditures out of the principal, as it, in its uncontrolled
discretion, may consider desirable in order to facilitate the settle-
ment of Settlor's estate and also in the event Settlor's wife survives
him, in order to facilitate the settlement of her estate. In exercis-
ing such power, Trustee may pay, in whole or in part, any or all of
the following items: the expenses of Settlor's or Settlor's wife's
last illness and burial, including cost of any gravsmarker; his or her
debts; his or her income taxes; the death taxes on any or all property
including in his or her gross estate for tax purposes; and all other
items in connection with the settlement of his or her estate. Any
such itsms may be paid directly by Trustee or the funds for their
payment may be transferred by Trustee to Settlor's or Settlor's wife's
executor or administrator; and neither such executor or administrator,
nor any beneficiary of Settlor's or Settlor's wife's estates shall be
required to reimburse Trustee for any funds so paid or transferred.
All such death taxes on present or future interests shall be paid at
such time or times as Trustee may think proper, regardless of whether
such taxes are then due.
FIFTH: Trustee shall have the following powers in addition to
those vested in it by law and by other provisions of this trust,
applicable to all property, principal and income, including property
-6-
held for minors, exercisable without court approval, and effective
until actual distribution of all property.
A. To retain ~ny or all of the assets of this trust, real
or personal, including stock of the Corporate Trustee or its parent
holding company, if such should exist, without regard to any principle
of diversification.
B. To invest in all forms of property, including stock,
common trust funds and mortgage investment funds, without reetriction
to investments authorized for Pennsylvania fiduciaries, as they deem
proper, without regard to any principle of diversification.
C. To sell at public or private sale, to exchange or to
lease for any period of time, any real or personal property, and to
give options for sales, exchanges or leases, for such price and upon
such terms and conditions as they deems proper.
D. To allocate receipts and expenses to principal on income
or partly to each as the Trustee from time to time thinks proper in
their sole discretion.
E. To compromise any claim or controversy.
F. To distribute in cash or kind or partly each.
G. To hold property in its name without designation of any
fiduciary capacity or in the name of a nominee or unregistered.
SIXTH. Trustee shall have no duty to pay any premiums on the
life insurance policies subject hereto and the companies issuing such
policies shall have no responsibility to see to the fulfillment of
this trust or the application of the proceeds of such policies and
-7-
-~~
Trustee shall have no duty to bring suit upon any of the life insur-
ance policies subject hereto unless they hold funds hereunder out of
which they may be indemnified against all costs, legal fees and other
expenses of suit.
SEVENTH: Settlor reserves to himself the following rights (each
of which may be exercised by Settlor alone whenever and as often as
Settlor may wish):
A. All rights now or hereafter vested in Settlor as the
owner and the insured under the life insurance policies subject
hereto, including, but not limited to, the rights to change beneficia-
ries, to borrow on policies either from the issuing companies or from
other institutions or other persons, to assign and pledge policies for
any loan, and to receive dividends and all other payments available to
the owner and the insured I and
B. The right by an instrument in writing, intended to take
effect during Settlor's lifetime, signed by Settlor and delivered to
the Trustee, to revoke or amend this agreement in whole or in part,
provided that the duties, powers and liabilities of the Trustee shall
not be substantially changed without their written consent.
EIGHTH: Subject to the approval of Trustee, anyone may add
property, real or personal, to the principal of this trust by deed,
will or otherwise.
NINTH: The Trustee shall receive compensation for the perfor-
mance of its functions hereunder in accordance with its standard
-8-
.
-- :.--'~---,.-
,.
I
, .
schedule of fees in effect from time to time during the period over
which its services are performed.
TBNTHI The situs of this Trust, for administrative and account-
ing purposes, shall be in the County of Cumberland and Commonwealth of
Pennsylvania, and all questions pertaining to the construction or
validity of the provisions of this instrument shall be governed by the
laws of the Commonwealth of Pennsylvania.
ELEVENTH I This trust is intended to be a "substitution" for the
trust executed by the parties dated N'h'!!')! b~,... '27 , 1991, and as such
is intended to be the residuary beneficiary of Settlor's will dated ___
'''IN~,''b~r '27, 1991.
IN WI~SS WHEREOF, Settlor and Trustee have executed this
agreement in duplicate counterparts the day and year first above
written.
(!ir.~'ld-A! L71,>t6~
CLARENCE D. NICHOLSON
Witness
ATTEST:
PNC BANK, N.A.
By :l /J ~,~)-
Vice President
Ass .
-9-
fl\docs\ep\trs\nicholsn.amd
AMENDMENT TO
REVOCABLE TRUST AGREEMENT
unto
THIS AMENDMEH'1!, made this :2n c:l day of ~b"'uu",~ ' 1995,
A Revocable Trust Agreement between CLARENCE D. NtbHOLSON of
23 Creekview Drive, Carlisle, Cumberland County, and Commonwealth
of Pennsylvania ("Settlor") and PNC Bank, N.A., ("Trustee"),
WIT N E SSE T HI
J
~I
I
WHEREAS, the parties hereto entered into a Revocable Trust
Agreement dated Oe+cbo!r ,::1.\ ~t; 1994, and
WHEREAS, under Article Seventh of said Revocable Trust
Agreement the Settlor reserved the right to revoke and amend the
said trust,
HOW ~BEREFORE, it is agreed between the parties hereto that
Article Second "E" of the said Revocable Trust Agreement is
revoked, and in its place the following is substituted:
"E. Upon the death of the Settlor's wife, Mary Nicholson, or
upon the settlor's death, if his wife predeceases him, the trust
shall terminate and the then remaining principal and accumulated or
undistributed i.ncome shall be distributed as set forth below. Each
of the following bequests shall be made in honor of Settlor's wife,
MARY NICHOLSON, if Settlor predeceases her; and, if Settlor's wife
predeceases Settlor, each of the following bequests shall be made
in loving memory of Settlor's wife, MARY NICHOLSON, and the
Settlor's parents, DAVID and BEATRICE NICHOLSON, and loved ones:
1
"(1) The sum of $5,000.00 to the EPISCOPAL CHURCH
FOUNDATION, now of 815 Second Avenue, New York, New York, 10017, or
its successor7
(2) The sum of $5,000.00 to the SAINT MATTHEW'S LUTHERAN
CHURCH, now of 663 North Main Street, Wilkus-Barre, Pennsylvania,
or its successor7
,j
I
1
"
,
I
I
;,
II
'I
I
"
:i
I
I
I
(3) The sum of $5,000.00 to the Settlor's sister-in-law,
ANN GUGLIOTTA, now of Maplewood, New Jersey, if she is then living.
If the said ANN GUGLIOTTA is not then living, her share shall be
distributed to her widower if he is then living and if he is not
then living her share shall be added to the residuary disposition
set forth below in (5)7
(4) The sum of $5,000.00 to the Settlor's sister-in-law,
LEAH FEINGOLD, now of Emerson, New Jersey, if she is then living.
If the said LEAH FEINGOLD is not then living her share shall be
distributed to her widower if he is then living and if he is not
then living her share shall be added to the residuary disposition
set forth below in (5)7
(5) All the rest, residue and remainder thereof to be
distributed in equal shares as follows:
(a) One-fifth to the HUMANE SOCIETY OF THE UNITED
STATES, now of 22100 L Street NW, Washington, D.C. 20077-6844, or
its succellsor7
(b) One-fifth thereof to the AMERICAN SOCIETY FOR
THE PREVENTION OF CRUELTY TO ANIMALS, now of 441 East Ninety-Second
Street, New York, New York 10130, or its successor7
2
.
I
I
:1
~
I
(c) One-fifth thereof to the ANIMAL PROTECTION
INSTITUTE OF AMERICA, now of P.O. Box 22505, Sacramento, California
95822-9986, or its successor;
(d) One-fifth thereof to GUIDINGS FOR THE BLIND,
INC., now of Yorktown Heights, New York 10598-9998, or its
successor;
(e) The remaining one-fifth thereof to ElARNITZ
UNITED METHODIST CHURCH now of 23 Church Lane, Carlisle,
Pennsylvania 17013-9106, or its successor."
.
I
.
'I
I
,j
:I
.'
"
I
In all other respects Settlor hereby ratifies and confirms the
Revocable Trust Agreement dated Octc~r ~'st)1994, together
with this amendment, which now constitute the entire Revocable
Trust Agreement.
IN WITNESS WHEREOF,
~! parties
'~~e day
I '
II '
II
'I
,
!!
intending to be legally bound hereby, the
to Revocable Trust Agreement
(~<fUW- CM/JA
CLARENCE D. NICHOLSON
(SEAL)
PNC BANK, N.A.
BY ~ C. ~ (SEAL)
Viee. fre>~:Jel<-t a....d T.,./.(~"" ~"cer
3
. . . .
COMMONWEALTH OF PENNSYLVANIA)
)
)
55.
COUNTY OF CUMBERLAND
On this, the I~nd..
day of
r; /)( I {/). ry
a Notary Public, personally appeared
, 1995, before
me the undersigned officer,
CLARENCE D. NICHOLSON, known to me (or satisfactorily proven) to be
the person whose name is subscribed to the within instrument and
acknowledged that he executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal the day and year first above.....~~t_~~n. .~~
\.. J )MJ"&!L~ _A11A-..J
-
,I
I
'I
COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF ~l.lrnbf(h.nd. l 55.
On this the ~ day of FP b (u () (~ ' 1995, before
me, the undersigned officer, a Notary Pubic, personally appeared
/I /'l '" V ice Pr/'s~dd-1"t ~d
L ,.. t\ ; j 1..... .L) U '" 1'\ , '"7T ... ~1- 0 PI-' i c" r ,
of PNC Bank, N.A., Successor to CCNB Bank, N.A., and that he as
Notary Public
llelxnh s':"*8111
~Spi1gs~":'c~~
~IyConvnssicn~May6,l996
Aaa::i;iiiiii0l
such officer, being authorized to do so, executed the foregoing
instrument on behalf of PNC BANK, N.A..
IN WITNESS WHEREOF, I have hereunto set my
seal.
4
_SlloI
Ilebrr.lo~ SUe S1amer, NolIry Pl'*
H<"V s,':rin<lS Boto,e:.otlarmd
~~' Conms.sicn E><PnIs May 6, 1996
~r:I
" '~t~t~;I~~':;:'W'<'" " ' ..' .'"
- j./, '-:< ',' -;,;
~;:. .~'--., -' ~.': '-
.
.-'
JRD/JuDe 30, 1992/17858
REGISTER OF WILLS
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
NOTICE PURSUANT TO RULE 6.12"
PENNSYLVANIA SUPREME COURT ORPHANS' COURT RULES
To: Personal Representative
Couosel:
PNC BANK, N.A.
RE: Estate of CLA~ENCE D. NICHOLS~rneceased, l..l!te of
DJ.l,;I\.LNbUN J.wt"
Estate No.: 21-1995-0645
Date of Decedent's Death: 8-10-95
Pursuant to Rule 6.12, the above named personal representative or the above nal'led attorney, If
applicable, within two (2) years of the decedent's death, and annually thereafter until administration Is
completed, Is required to file with the Register of Wills a Status Report as required by Rule 6.12, In
substantially the prescribed form, showing the date by which the personal representative, or allorney, as
applicable, reasonably believes administration will be completed. The purpose of this Notice Is to advise
you that uuless the requisite Status Report is filed with the Register of Wills or Clerk of the Orphans'
Court, as appropriate, within ten (10) calendar days after the date of this Notice that the Register of Will.
Is required to notify the Orphans' Court Division, Court of Common Pleas of such delinquency and to
request that said Court conduct a hearing to detennlne whether sanctions should be Imposed upon the
delinquent personal representative and the delinquent personal representative's counsel, If any.
Accordingly, if the requisite Status Report is not flied by 9-30 ,1997, you are hereby
advised that a request will be submitted to the Court in accordance with Rule 6.12.
\~Q.tpJJ~/JPJ.A/J~
Deputy eglster of WiI~ .
Date:
9-16-97
Distribution to Estate File
.
STATUS REPORT UNDER RULE 6.12
Name of Decedent:
CLARENCE D NICHOLSON
Date of Death: 8/10/95
Will No.
21-1995-0645
Admin. No.
Pursuant to Rule 6.12 of the Supreme Court Orphans'
Court Rules, I report the following with respect to completion of
the administration of the above-captioned estate:
1. State whether administration of the estate is complete:
Yes No X
2. If the answer is No, state when the personal
representative reasonably believes that the administration will be
complete: 6 M:lNnlS
J. If the answer to No. I is Yes, state the following:
a. Did the personal representative file a final
account with the Court? Yes No
b. The separate Orphans' Court No. (if any) for
the personal representative's account is:
c. Did the personal representative state an
account informally to the parties in interest7 Yes No
d. Copies of receipts, releases, joinders and
approvals of formal or informal accounts may be filed with the
Cerk of the Orphans' Court and may be attached to this report.
PNC BANK N.A.. EXECIJ1'OR FOR '!HE ESTATE OF
C~~
Signat.ure 'OL~~A -';-.~L~BERG
TRUST OFFICER
Name (Please type or print)
PO BOX 308, CAMP HILL, PA 17001-0308
Address
Date:
"\ \.~l '\ 1-
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(717) 730-2265
Tel. No.
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Capacity: x
Personal Representative
Counsel for personal
representative
(MAH: rmf/ AMJ)
STATUS REPORT UNDER RULE 6.12
Name of Decedentl c..~L"= 1> ...:l'-L\..\t>~'\)\.J
Date of Deathl g \ \C\ "S
Will No.
Admin. No. .\." -'''-,s. - OcJloc-s,
Pursuant to Rule
Court Rules, I report the
the administration of the
6.12 of the supreme Court Orphans'
following with respect to completion of
above-captioned estatel
1. State whether administration of the estate is completel
Yes~ No
2. If the answer is No, state when the personal
representative reasonably believes that the administration will be
completel
3. If the answer to No.1 is Yes, state the following:
a. Did the pe~onal representative file a final
account with the Court? Yes ~ No .
b. The separate Orphans' Court No. (if an~) for
the personal representative's account is: ~,- '''-''-'S- Ou 1>,;-":::>
c. Did the personal representative state an
account informally to the parties in interest? Yes No
d. Copies of receipts, releases, joinders and
approvals of formal or informal accounts may be filed with the
Cerk of the Orphans' Court and may be atpN~~A~t~~.report.
Datel C\.\ ';O\"1? \.0.: dCl" ~~Q~ ,~
Si~~ . t~\U;ice,'l>G -
Vcl ',.
pr'.'
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'-\~I)p., ;:r "-\.J..~,}~
Name (Please type or print)
~ 0 'b 0'1- ~O~
(~ ~...u... ~ \\.OO\-'i)'1D~
Address
L(: I d 1- l:JO 96.
Silll'
10
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': n~lOlI
(HAHlrmf/AM3)
_ JRD/June 30, 1992/17858
REGISTER OF WILLS
Cumberlnnd County Courthouse
One Courthouse Square
Cnrllsle, PA 17013
NOTICE PURSUANT TO RULE 6.12
PENNSYLVANIA SUPREME COURT ORPHANS' COURT RULES
To:
Personal Representative
Counsel:
POC BANK NA
RE: Estate or C~ D NIrnOLSOO
Dla<INSCl>l 'lWP
Estate No.: 21.t.99S.064S
Date or Decedent s Death: e_1n_9C;
, Deceased, Late or
Pursuant to Rule 6.12, the above named personal representative or the above named attorney, if
applicable, within two (2) years of the decedent's death, and annually thereafter until administration Is
completed, Is required to file with the Register of Wills a Status Report as required by Rule 6.12, in
substantially the prescribed form, showing the date by which the personal representative, or attorney, as
applicable, reasonably believes administration will be completed. The purpose of this Notice is to advise
you that unless the requisite Status Report is filed with the Register of Wills or Clerk of the Orphans'
Court, as appropriate, within ten (10) calendar days after the date of this Notice that the Register of Wills
Is required to outlfy the Orphans' Court Division, Court of Common Pleas of such delinquency and to
request th4t said Court conduct a hearing to detennlne whether sanctions should be Imposed upon the
dellnquetlt personal representative and the delinquent personal representative's counsel, if any.
Accordingly, If the requisite Status Report Is not filed by 10.12.98 ,19_, you are hereby
advised that a request will be submitted to the Court in accordance with Rule 6,12.
Date: .q.'R.qR '-m.AAU{l.~
i:i~~~ylTeglster of Wills
Distribution to Estate File
~...