The URL can be used to link to this page

Home My WebLink About79-00086 , , . I I <II . I I ~ i II) 00 I I . IE ~ . - '0 N , d J z for the payment of modical, nUl'alnf.l, JIOBpital or nursbg homo care oC.Sottlor1a dallghtor. Z. Upon the death of Phyllia L. Schwenk, the Trustees shall convey and pay over all 01 the remaining assets of the Trust, whether corpus or income, to her then living issue, per stirpes; Provided, however, that if any auch issue is then under 25 years of age, the share of such person under Z5 shall be held, managed, invested and reinvested by THE FIRST NATIONAL BANI< OF SHIPPENSBURG, of Shippensbllrg, Pennsylvania, IN TRUST, for said person; during the period of said Trust, the Trustee shall pay the net income thereof to or for the benefit of said per SOil and as much of the principal as the Trustee shall determine necessary for the support, maintenance, education, medical and hospital care of such person; upon such personls attaining 25 years of age (but in no event later than ZO years following the death of Phyllis L. Schwenk), all assets in the Trust shall be paid to such person; if such person dies before said time of distribution, all assets in the Trust shall be paid to the persons (and in the pl'oportlons) who would be entitled to receive the estate of said person had he or she then died intestate, a resident of Pennsylvania. 3. If Phyllis L. Schwenl, dies without issue living at her death, the 'I'rllstees shall convey and pay over all of tho remaining assets of the Trust, whether corpus or incom", to the persons or entitierJ to whom sh" fJhall boquealh f;uch ansctB in 11101' Last Will ~ Z ~ and Testamentl in the uhDence of such provisions in her Will, the Trustees shall pay such assets to the persons (and in the propor~ tions) who would be entitled to her estate had she then died intestate, a rssident of pennsylvania. ARTICLE II. No part of the iucome or principal of the property held under this Trust shall be subject to attachment, levy 01' seizure by any creditor, assignee or trustee or receiver in bankrupt.cy of any beneficiary prior to the beneficia.ry's actual receipt thereof. The Trustees shaH pay over the net income and the principal to the parties herein designated, as their inter- ests may appear without regard to any attempted anticipation, pledging 01' assign- ment by any beneficiary under this Trust, and without regard to any claim there- to or attempted levy, attachment, seizure or other process on account of any husband, wife, creditor I assignee 0'1' trustee or receiver in bankruptcy of any beneficiary. The receipt by any beneficiary herein, or by any duly appointed guardian of any beneficiary I for any payment made shall be a good and sufficient discharge to the Trustees. ARTICLE III. During the continuance of the foregoing Trust, the Trustees shaH possess, among others, the following powers, for the benefit of the beneficiaries: 1. To retain any investments which the Settlor has herein transferred and conveyed to the Trustees, so long as the Trustees may deem it advisable no to do. Z. To vary invcf1tmcnts, wlwn decnncd c1C'\sil'ublo by the ~ 3 H 1rl.\ot8es and to invest in such bonds, ~t()ck6, notes, real estate mortgage II or other securities or in Duch other property, real or personal. as they shall deem wise, withollt being reat1'icted to so~ callee,! Illegal inveatments". and withol.\t being limited by any statute or rule of law regarding investments by fiduciaries. 3.' To sell either at pllblic or private sale and upon such terms and conditions as the Trustees may deem advantageous, any or all real or personal estate or interest therein owned by the Trust severally or in conjunction with other persons. and to con- summate said sale or sales by sufficient deeds or other inatru- menta to the purchaser or purchasers, conveying a fee simple title, free and clear of all trusts and without obligation or liabil- ity of the purchaser or purchasers to see to the application of the purchase money or tv make inquil'y into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any ,and all deeds, assignments, options or other writings which may be necesaary or desirable, in carrying out any of the powers con~ ferred upon t.he Trustees in this paragr~,ph or elsewhere in this instrument. 4. In the discretion of the Trustees, to unite with other owners of similar p~'operty in carrying out any plans for the X'eor- ganization of any cprppratiOIl or company whose securities, form a part of the Trust. 5. To assign to and l10ld in tho Trust an undivided porHoll of any asset. _ 4 - "'-i W '0 o' fJ B ~ 4;f ~; .8 Q h~, -; ",-, I.l:l It;;! L~, J; ~~~ fti ~. :...b 4;t.. ~ ~,1 4-t 0 ;."' c ',[J a.:. ~.:l o ""c, ,., ';jj '13 C (Ii p: a~ d ~ .~ 'Jl ~j ~ ~' '~-~ 1.-" :5, ~, C ;'" '+~ +-' 'rJ r-< ~.j <li t: 8 Iii ~' Z~ (I) '{: L, 1 -:1 :I~' d 01) - 9: .~~ 5 .z' ::\q::18 ::\zz~ 0<>::<>::;'- U...1:> H p:;...1q r.<..r",J:><r-< O(l:jUl", '<'z'"' H~ZP p:; uP ~ 0 P p.,U 0, - I.) ,,< . Ul ;) 0:>< Z' r",J Ul r-< <>:: '" :I: <>:: Z ~ f-<r",Jpp., ~ 0 p:;0 ,..,0 f.'< o f-I !i: Ul 0 P Z p:;p:; H O~:' l. UJ f.'< ~ ~~~~ i}.:> t.:J ~ ') 0 U 'P:;~Ul "-1 ' f-<Z,.:jq ~2:I r",J !i:f!.l(ll .. q ,-1 <>:: r~ r",J ...1 r",J p:; :><U Z . i;[l f>1 r:li':llJi:I ",.'1 I~i \...... f~1~ d 5,S u \'~~ ~ J,,~'(,' o . " :S t' ,~~ e >-;~ o ~ ~ <>:: " ~ "tf ~ ~~ ~ ~ en '0 lQ " <_ "tf..ell:: ;( lTJtn ~ ..J ~ o "Ill > ..eI ~= ~ ;! P:;]QI$ IfJ ~ . IV )..- Z ~ p:: p::to'; w W f r-I ...... Q z a. , :j.1'"I ~ 0: III llJ"'" 0 f!) p., zr0 Ir ~ ::> .. ...- "' ~.. ;""., (/) = -.:' cr = Ir < :\1 :r: p:: (;... ( 0" z o H r."r-< o~ "oj H '7 (Xl ~-"I f-I r",JUl ~O r",Jq ~r",J [-< Ul Ul~ o a; ''''' \' ,-';' '.1'-., "~'~~-- J1 ~~ f;. ~ .,t' c,l, .. , co o ;:: " .. "' W " .. UI ~ ~ , , f- 0 . ~ 0 g n: Z o ;j Sept. 12 Dividend -- II. !. DuPont 150.00 Dec. 19 Dividend -- E. 1. DuPont 150.00 196B March 19 Dividend -- g, 1. DuPont 150.00 June 11 Dividend -- E. 1. DuPont 150.00 Sept. 17 Dividend -- E. 1. DuPont 150.00 Dec. 17 Dividend -- E. 1. DuPont 210 . 00 .!ill Narch lB Dividend -- L. 1. DuPont 150.00 June 17 Dividend -- E. 1. DuPont 150.00 Sept. 16 Dividend -- E. 1. DUP01.1t 150.00 Dec. 16 Dividend -- lL 1. DuP on t 1BO.00 1970 Harch 17 Dividend -- E. 1. DuPont 150.00 June 16 Dividend -- E. 1. DuPont 150.00 Sept. 15 Dividend -- E. 1. DuPont 150.00 Dec. 22 Dividend -- E. 1. DuPont 150.00 1971 Harch 16 Dividend -- E. 1. DuPont 150.00 cTune 15 Dividend -- E. 1. l1uPont 1.50.00 Sept. 14 Dividend -- E. 1. DuPont 150.00 Dec. 21 Dividend -.. E. 1. DuPont 150.00 1972 Harch 21 Dividend -- E. 1. DuPont 150.00 June 13 Dividend -- E. 1. DUPOnt 150.00 Sept. 19 Dividend -- E. 1. DuPont 150.00 })ec. 19 Dividend ..- E. 1. DuPont 20th 00 1973 March 20 Dividend -- E. 1. DuPont 150.00 June 19 Dividend -- E. 1. DuPont. 150.00 Sept. lB Dividend -- E. 1. DuPont 150.00 Dec. 18 Dividend -- E. 1. DlIP.on t l40.00 1974 Horch 19 Di.vidend -- E. 1. DuPont 150.00 June lB Di vidend -- E. r. DuPont 150.00 Sept. 19 Dividend -- E. r. DuPont 1BO.00 Dec. 19 Dividend -- E. 1. DuPont lBO.OO 1975 Horch 19 Dividend -- E. 1. DuPont 150.00 June 13 Di vidcnd -- E. r. DuPont 120.00 Sept. 15 Dividend -- E, r. DuPont 120.00 Dec. 22 Dividend -- E. 1. DuPont 120.00 1976 120.00 !larch 16 Dividend -- L. r. DuPont June 30 Dividend -- E. r. DuPont 1.50.00 Sept. 10 Dividend -- E. r. DuPont 150.00 Dec. 15 Dividend -- E r. DuPont 210.00 '. 1977 TIiirCh 22 Dividend -- Eo 1. l)uPon t 150.00 June 15 Dividend E. r. DuPont 150.00 Sept. 15 Di vidend E. 1. DuPont 150.00 Dec. 15 Dividend l~ . 1. DuPont 240.00 -2- l!BlR 93 , '1\ r, ~' 293 1974 April 4 142,50 June 29 142.50 Oct. 4 . 171. 00 Doc. 31 171. 00 1975 June 30 111..00 Oct. 7 114.00 Dec. 31 114.00 1976 'Feii':" 13 142.50 Narch 31 114.00 July 8 137,50 Oct. 8 135.00 Dec. 31 ' 210. 00 .!lli. , April 0 142.50 July 5 142.50 Oct; 7 142.50 Dec. 31 228.00 1978 April 7 142.50 July 7 132,'50 $6,050.80 1967-1978 ~~1967 to Oct. 5, 1978 First Nationsl Bank of Shippensburg -- Commissi.on 365.70 19,76 Nay 7 First dational Bank of Shippensburg -- fee f or pr~pe.r- inB tal( return 5.00 First National Bank of Shippensburg -- fee for prepar- ing . tax re turn 10.00 RESERVED Rhoads, Sinon & Hendt\rshot -- Foe as counsel to Trust and in fiUng Account 175.00 ~liscel1aneous costs -- filing fees, copie~. etc. 100. 00 'fOTAL !NCONE CREDITS . . F,506.50. -1,- lIBlR 93 I'f,r~ :.W5 COMMONWEALT.H OF PENNSYLVANIA) ) SS; COUNTY OF Ol.A.rYlB11( l Pi f.,j\') ) Before mo, Ii Notary Public in said County, personally appeared W, EDWIN NAUGLE, one of the Accountants in tho above-stated Account, who, being duly sworl1 according to law, deposes and says that the ,above Account, as it stands, stated and settled, is true and correct to the bost 'of his informaUon and belief, , //~,', '0)/, /,0 '/,0 ~ ( /;A. -~v"'r..~ W. Edwin Naugle SWORN TO AND SUBSCRIBED (>r day of (SEAL) ;;'1, ~6 , 1979. IItl!~Ltl JU;,i!_, IiOT'\fIY}UULfO. ~IHI?;,ti_::;,'tJi:'G BorwuOl1 Clh1!:n\'tMIII Uil!Nry 'V'()Oi_~,(jl~S!fii\J C,i;HllifS;\li\R, 26 In7!) .',6.. lIBlR 93 filet 2fj7