HomeMy WebLinkAbout06-01-07 (2)
---I
lt505bOlfl.:Llf7
REV-1500 EX(t&05)
PA~of~ue
au$au of IndiVidual Taxes ~
POBOX.2808D1 ~
HanIIburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Securily Number Date of 0e8Ih
047369614 09082006
0FfICW. USE ONLY
, CoIMlr eo. v..
INHERITANCE TAX RETURN
RESIDENT DECEDENT
FillIIumlIer
21
06
1042
Date of Birth
12081913
Decedent's Last Name
MCRAE
Suffix
Decedenfs Ftr'St Name
HELEN
MI
P
(If ApplIcable) Enter Surviving Spouse's ...rormaaon BelOw
Spouse's Last Name Suffix
Spouse's Fnt Name
MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPUCATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BeLOW
~] ,. Original ReUn
4. LiITAld EWJle
o 2. ~,lfIjdll ReIum
rJ
00
o
[]
3. Re..lIIIllder ReIum (date d dIIIlh
pdor 10 12.13-<<l)
5. FedlnI EslIIle Tu Return Requln!d
[J
[~]
[]
4a. .._1nlIMt CClIIIpftlmIW
<_of_,,'2.12-82)
[]
6. 0eCiIdInl DIId T......
(AIlIICIl ClIpJ of WI)
9. LItigaIlIon PlooIIeda ReceiYed
7. =-~.LlWlI1IITMl
8. T* Number rA Safe 0ep0IIl so-
10. ==~mrdMll
o
1,. EllICIIon to tax under See. 9113(A)
(AIIICh Sc:h. 0)
a~' THIS 8ECTIONMUST BI! COMPLETED. ALLCORRESPONDENCEMD~ TAXINFORMA~__TEDT&.J
..... DIIyIiIIIe T~""""'" ~~ I
JAMES D. HUGHES ESQ. 717249631~~ .2 "
...;., I
I
Firm Name (If Applicable)
SALZMANN HUGHES PC
REGlSTEROF~~Y
j I ~ :..::;:
First line of addnIss
354 ALEXANDER SPRING ROAD.
Second line of lIddress
C)
"
N
DATE FLED
CIIr or Post OffIce
CARLISLE
s.-
PA
ZIP Cede
11015
James D. Hughes Esq.
ZoO,
Side 1
L
1505bOlf11117
1505b01l11117
---I
~
~
--.J
15DSbOlfi!1.1f~
REV-1500 EX
o-In'.- Helen Pence McRae
Decedenfs Sociat SecuriIy Number
047369614
_.._-~~-..._._-----....--....._._---_...__._- ... -...---------.-- ..- -..---..----. ..... . ...."..- .---..-......---.-------.---. ..------.-.-..--------.--.--.---....-.. ~._.
RECAPITULATION
1. Real Estate (Schedule A).......................................................................................... 1.
2. Stocks and Bonds (Schedule 8)............................................................................... 2.
3. Closely Held Corporation. P8ftnef'Ship 01 SoIe-PropIietOI (Schedule C}.......... 3.
4. Mortgages & Noles ReceIvable (Schedule 0).......................................................... 4.
5. Cash. Bank 0ep0sIIs & MIsc8lIaneOUS Personal Property (Schedule E)................ 5.
6. Jointly Owned Property (Schedule F) 0 ___ BiIIng Requested............. 6.
7. Inter-VIvos Transfet'S & MIseBllaneous Non-Probat8 Property
(Schedule G) 0 Separate Billing Requested............. 7.
8. Total Groes ,..... (IoIaI Lines 1-7}....................................................................... 8.
9. Funeral Expenses & Adminlstratille Co8tS (Schedule H)......................................... 9.
10. Debts of Decedent. Mortgage~. & liens (Schedule I)................................ 10.
11. Total DeduCtIonS (toCIII Lines 9 & 10)...................................................................... 11.
12. Net Value of EsIatIe (Li1e 8 minus Line 11}............................................................. 12.
13. Chartable and GovemmenCaI Beqll88./Sec 9113 Trusts for which
an eIec:tion to tax has not been made (Schedule J)................................................. 13.
14. Net Value Bubj.cUO Tax (tile 12 minus Line 13}................................................. 14.
-.------..--..-..-..--.....------------...--- . .._--....~._---_._..-._..-
TAX COMPUTAT1ON - SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Une 14 taxable
at the apousaI tax rate. of
transfers under See. 9116
(a)(1.2)X~
16. Amount of Line 14 tax8bIe
at Kneel rate X .045
17. Amount of line i4'iii8ble
at sibling rate X .12
18. Amount of line 14 taxable
at collateral rate X .15
0.00
609.763.70
0.00
0.00
19. Tax Due...................................................................................................................._ 19.
20. FR.L IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
L
lSDSbOlf211f1
8.976.96
4.123.92
620,941.32
634.042.20
..._n._.n.____~_____..__......._._._._.._
23,932.10
346.40
24.278.50
609,763.70
609,763.70
15.
0.00
27,439.37
0.00
0.00
27,439.37
16.
17.
18.
D
lSDSbDlf211f1
--.J
REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-06-1042
DECEDENT'S NAME
Helen Pence McRae
STREET ADDRESS
One longsdorf Way
CITY I STATE IZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
27,439.37
23,000.00
1,210.53
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Credits (A + B + C)
(2)
24,210.53
Total Interest/Penalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 2 Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5)
(5A)
(5B)
3,228.84
3,228.84
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;.................................................................................. D
b. retain the right to designate who shall use the property transferred or its income;.................................... D
c. retain a reversionary interest; or................... ............... ............ ............. .............. ................ ............... .......... D
d. receive the promise for life of either payments, benefits or care?............................................................. D
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?................................................................................................................ ...... D
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........ [!J
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?.. ................ ................ ............ ........................ ............................... ............. ... D [!J
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Yes
No
[!J
[!J
[!J
[!J
[!J
D
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is three (3) percent [72 P.S. ~9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero
(0) percent [72 P.S. ~9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements
for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. ~9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent,
except as noted in 72 P.S. ~9116 1.2) [72 P .S. ~9116 (a) (1 )].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. ~9116 (a) (1.3)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev-15GB EX+ (6-98)
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
McRae, Helen Pence
FILE NUMBER
21-06-1042
ESTATE OF
Indude the proceeds of I~igation and the date the proceeds were received by the estate.
All property Jolntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 M& T Bank, checking account
VALUE AT DATE
OF DEATH
8.420.96
2 Miscellaneous personal property
556.00
TOTAL (Also enter on Line 5, Recapitulation)
8.976.96
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule E (Rev. 6-98)
Rev-1509 EX+ (6-98) .-
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE F
JOINTLY-OWNED PROPERTY
McRae, Helen Pence
FILE NUMBER
21-06-1042
ESTATE OF
If an asset was made Joint within one year of the decedenrs date of death, It must be reported on schedule G.
SURVIVING JOINT TENANT(S) NAME
A. Michael J. Jamison
ADDRESS
RELATIONSHIP TO DECEDENT
Son-in-Law
1321 Swope Drive
Boiling Springs, PA 17007
B.
c.
JOINTLY OWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S VALUE OF
NUMBER TENANT JOINT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR VALUE OF ASSET INTEREST DECEDENT'S INTEREST
JOINTLY-HELD REAL ESTATE.
1 A 7/26/1993 M& T Bank, checking account 8.247.84 50.000% 4.123.92
TOTAL (Also enter on Line 6, Recapitulation) 4.123.92
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule F (Rev. 6-98)
Rev-1510 EX+ (&-98)
*'
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
McRae, Helen Pence
FILE NUMBER
21-06-1042
ESTATE OF
This schedule must be completed and filed Wthe answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
ITEM IIUN OF P y DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE
NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST <IF APPLICABLE) VALUE
THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE.
1 Colin McRae Marital Trust - acct. #251900311 171,916.13 171,916.13
2 Helen McRae Trust - acct. #2519001818 236,000.96 236,000.96
3 Zoe Carver Trust - acct. #2519003497 213,024.23 213,024.23
TOTAL (Also enter on Line 7, Recapitulation) 620,941.32
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule G (Rev. 6-98)
REV-1151 EX+ (12-991
'*
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
McRae, Helen Pence
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
Hoffman-Roth Funeral Home
l
B.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
1.
Colin D. McRae
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
442 Montana Circle
City Ojai
Year(s) Commission paid
State CA Zip 93023
2007
2.
Attorney's Fees
SALZMANN HUGHES PC
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City
Relationship of Claimant to Decedent
State
Zip
4.
Probate Fees
5. Accountant's Fees
6. Tax Return Preparer's Fees
7.
Other Administrative Costs
See continuation schedule(s) attached
TOTAL (Also enter on line 9, Recapitulation)
Copyright (c) 2002 form software only The Lackner Group, Inc.
FILE NUMBER
21-06-1042
AMOUNT
6,380.50
6,700.00
7,100.00
68.00
3,683.60
23,932.10
Form PA-1500 Schedule H (Rev. 6-98)
Rev-1502 EX+ (6-98)
*'
SCHEDULE H-B7
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
McRae, Helen Pence
FILE NUMBER
21-06-1042
ESTATE OF
ITEM
NUMBER DESCRIPTION AMOUNT
1 Colin McRae - travel expenses 3.319.31
2 Cumberland County Register of Wills - filing fees 100.00
.3 Cumberland Law Journal - estate notice publication 75.00
4 Roy D. Gottshall Auctioneer - appraisal fee 45.00
5 The Sentinel - Legal - estate notice publication 144.29
Subtotal
3.683.60
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Rev-1512 EX+ (6-98)
*'
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
McRae, Helen Pence
FILE NUMBER
21-06-1042
ESTATE OF
Include unrelmbul1Ied medical expenses.
ITEM
NUMBER DESCRIPTION
1 Continuing Care RX
VALUE AT DATE
OF DEATH
317.07
2 Family Home Medical
29.33
TOTAL (Also enter on line 10, Recapitulation)
346.40
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule I (Rev. 6-98)
REV 1613 EX+ (9..00)
.
SCHEDULE ..
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
NUMBER
McRae, Helen Pence
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
Clistributions, and transfers
under Sec. 9116(a)(1.2)]
RELATIONSHIP TO
DECEDENT
Do Not List Trusteelsl
FILE NUMBER
21-06-1042
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
ESTATE OF
I.
Nancy L. Jamison
1321 Swope Drive
Boiling Springs, PA 17007
Colin D. McRae
442 Montana Circle
Ojai, CA 93023
Daughter
1/2
Son
1/2
Total
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule J (Rev. 6-98)
LAST WILL AND TESTAMENT
OF
HELEN PENCE McRAE
I, HELEN PENCE McRAE, a resident of Pinellas County, Florida,
being of sound and disposing mind and memory, do hereby make,
publish and declare this to be my Last Will and Testament, hereby
revoking any and all former Wills and Codicils by me made.
ARTICLE ONE
I direct that all of my just debts, my funeral expenses and
the costs of administration of my estate be paid as soon as
practicable after my death.
ARTICLE TWO
Under the provision of the trust agreement hereinafter
described, I possess a testamentary power of appointment by vir-
tue whereof I am entitled to dispose of the trust property held
for my benefit at the time of my death. The trust agreement to
which reference is made herein is described as follows:
"Funded Convertible Living Trust (Revocabl.el" dated May 20,
1971, entered into between Zoe B. Carver, as Trustor, and The
Valley National Bank of Arizona, a national banking association,
as Trustee, as amended by that certain instrument termed "Second
Amendment to Revocable Living Trust between Zoe B. Carver as
Trustor and The Valley National Bank of Arizona as Trustee Dated
May 20, 1971", dated July 13, 1972.
That the trust has been transferred to The Howard Savings
Bank of 200 South Orange Avenue, Livingston, New Jersey 07039
which institution now is acting as trustee.
Pursuant to said trust, I hereby exercise the power of
appointment which I possess under Article VII, Section 7.06 by
directing and I do hereby direct, that upon my death The Howard
Savings Bank shall dispose of the property held thereunder as
follows:
I give, devise, bequeath, transfer and distribute all of said
property to my children, COLIN DOUGLAS McRAE and NANCY LOUISE
McRAE KALINAUSKAS in equal shares, share and share alike, absolu-
Page One of HELEN PENCE McRAE Will
tely and in fee simple. In the event one of my children shall
have predeceased me, then said child's share shall pass to
his/her children in equal shares.
ARTICLE THREE
All the rest and remainder of my property, real and personal,
of every kind and description, wheresoever situate, which I may
own or have the right to dispose of at the time of my decease, I
devise and bequeath to my children, COLIN DOUGLAS McRAE and NANCY
LOUISE McRAE KALINAUSKAS in equal shares, share and share alike,
absolutely and in fee simple.
ARTICLE FOUR
I hereby nominate, constitute and appoint my son, COLIN
DOUGLAS McRAE, presently residing at 817 South Leland Street, San
Pedro, California 90731 to be my. Personal Representative of this
my Last Will and Testament and I direct that he shall not be
required to give bond in any jurisdiction to qualify or to act in
such capacity.
ARTICLE FIVE
In the event my son should predecease me or for any reason
fails or refuses to qualify or after having begun such duties
fails to continue same to completion, then and in that event I
nominate, constitute and appoint my daughter, NANCY LOUISE McRAE
KALINAUSKAS, presently residing at 220 East Penn Street, Bedford,
Pennsylvania 15522, to be Successor Personal Representative and
to have the same powers, duties, obligations and responsibilities
as my son would have had were he acting as my Personal
Representative and I direct that my daughter shall not be
required to give bond in any jurisdiction to qualify or to act in
such capacity.
ARTICLE SIX
I give and grant unto said Personal Representative full power
and authority to sell, lease, pledge, mortgage, or otherwise
dispose of any or all of my estate real or personal or both for
Page Two of HELEN PENCE McRAE Will
such prices and upon such terms and conditions and in such manner
as he may deem fit and proper and to execute such instruments of
every kind, nature and description as may be necessary to carry
out and effectuate any of the above described transactions made
by him.
IN WITNESS WHEREOF, I sign, seal, publish and declare this
instrument to be my Last Will and Testament (said Will consisting
of four typewritten pages), in the presence of the persons
.'Feb:r:uary
witnessing it at my ~equest this 5th day of ~, A.D.,
1986, at Clearwater, Pinellas County, Florida.
~'J 0 . )/
J L~ 1I1".-1<k 'B-,;:g (SEAL)
HELEN PENCE McRAE~ Testatrix
The foregoing instrument was signed, sealed, published and
declared by the above-named testatrix as her Last Will and
Testament in the presence of us the undersigned, who, at her spe-
cial instance and request, do attest as witnesses after said
testatrix had subscribed her name thereto, and in her presence
and in the presence of each other.
~~ -=ssiding
I 'JliurflttJ2 .If!fJl''fr. residing
in pinellas County, Florida
in Pinellas County, Florida
STATE OF FLORIDA
COUNTY OF PINELLAS
We, HELEN PENCE McRAE,
Joshua Magidson
and
Christine B. Roberts
, the testatrix and the wit-
nesses respectively, whose names are signed to the attached or
foregoing instrument, being first duly sworn, do hereby declare
to the undersigned officer that the testatrix signed the instru-
ment as her Last Will. and Testament .and that each of the wit-
nesses in the presence of the testatrix at her request, and in
the presence of each other signed the Will as a witness and that
to the best of the knowledge of each witness the testatrix was
Page Three of HELEN PENCE McRAE Will
at that time 18 or more years of age, of sound mind and under no
constraint or undue influence.
Subscribed and acknowledged before me by HELEN PENCE McRAE
the testatrix and subscribed and sworn to before me by
Joshua Magidson
and
Christine B. Roberts
the witnesses, on this
5th
..!.~!>_x.:~~EY.
day of~, A.D., 1986.
~~.~'t~
N tary publ1c
My Commission Expires:
~~Qlary Publit. Stale of florilla
My Commission Expires June 19. 1939
Bonded lhru TKlY faiR -lnslJ,..nce, Inc;.
Page Four of HELEN PENCE MaRAE Will
May-08-07 02:08pm From-
Wachovia Bank. N.A.
PA4313
post office Bo)( 7558
Phllaaelpnia. P,A 19101
Toll Free 866 416-0382
T. 267-321-350::1
F.267.:;121-3516
1':.. deanna.dennisOwaCl'lovia.com
T-776 P.02/02 F-146
.
.AiI
WACHO'VIA TRuST
May 8, 2007
James D. Hughes, Esquire
Salzmann Hughes, PC
354 Alexander Spring Road, Suite 1
Carligle, PA 17015
RE: Helen McRae Estate
Dear Mr. Hughes:
Enclosed please ftnd an Estare Valuation as of September 8, 2006 for the assets held in
the following accounts:
Helen McRae Trost a/C# 2519001818
Colin McRae Marital Trust a/c# 2519003111
I have also enclosed a report indicating the complete title and opening date for the
accounts. There were no changes in the relationship or accounts closing during the past year.
Would you please forward a death ceItificate and a certificate appointing the executor for
her estate? We are required to have copies of these doCUl"nents in. our files.
If you have any further questions, please do not hesitate to contact m~.
DUD/
Enclosures
ESTATE VALUTION
TANYA L. MOSLEY 11/9/2006
PATRICIA CAVIN
Date of Death: 09/08/2006
Valuation Date: 09/08/2006
Processing Date: 11/09/2006
Shares
or Par
Security
Description
1)
10171.4 WACHOVIA PT MONEY MARKET (997981006)
2) 10401.50448 EVERGREEN TAX FREE TR (30033P508)
NJ INCM FD Y
Mutual Fund (as quoted by NASDAQ)
09/08/2006
3)
761.67119 EVERGREEN TR (299909408)
STRATEG GRW I
Mutual Fund (as quoted by NASDAQ)
09/08/2006
4)
2505.462 EVERGREEN EQUITY TR (30023C657)
LRG CAP EQTY I
Mutual Fund (as quoted by NASDAQ)
09/08/2006
5)
1620.375 EVERGREEN EQUITY TR (30023D804)
DISCPL VAL INS
Mutual Fund (as quoted by NASDAQ)
09/08/2006
6)
219.15 WACHOVIA PT MONEY MARKET (997981006)
Total Value
Total Accrual
Total $213,024.23
High/Ask
LoW/Bid
Estate of: CARVER
Account: 000002519003497
Report Type: Date of Death
Number of Securities: 6
File ID: EVI_20061109_2519003497
Mean and/or Div and Int Security
Adjustments Accruals Value
10,171. 40
10.900000
113,376.40
10.90000 Mkt
26.88000 Mkt
16.64000 Mkt
16.72000 Mkt
Page 1
26.880000
20,473.72
16.640000
41,690.89
16.720000
27,092.67
219.15
$213,024.23
$0.00
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
ESTATE VALUATION
ELIJAH WATSON 9/13/06
PATRICIA CAVIN
Date of Death: 09/08/2006
Valuation Date: 09/08/2006
Processing Date: 09/13/2006
Estate of: Me RAE
Account: 000002519003111
Report Type: Date of Death
Number of Securities: 4
File ID: EVI_20060913_2519003111
Shares
or Par
Security
Description
High/Ask
Low /Bid
Mean and/or Div and Int Security
Adjustments Accruals Value
1) 1022.79 WACHOVIA PT MONEY MARKET (997981006)
2) 8795.47068 EVERGREEN TAX FREE TR (30033P508)
NJ INCH FD Y
Mutual Fund (as quoted by NASOAQ)
09/08/2006
1,022.79
10.90000 Mkt
10.900000
95,870.63
3)
4475.391 EVERGREEN EQUITY TR (30023C6571
LRG CAP EQTY I
Mutual Fund (as quoted by NASOAQ)
09/08/2006
16.64000 Mkt
16.640000
74,470.51
552.20
4)
552.2 WACHOVIA PT MONEY MARKET (997981006)
Total Value
Total Accrual
Total $171,916.13
$171,916.13
$0.00
Page 1
This report was produced with EstateVa1, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
Date of Death: 09/08/2006
Valuation Date: 09/08/2006
Processing Date: 09/13/2006
Shares
or Par
Security
Description
11
9792.14 WACHOVlA PT MONEY MARKET (997981006)
2) 13769.36859 EVERGREEN PA TAX FREE FD (3003264021
CL Y
Mutual Fund (as quoted by NASDAQ)
09/08/2006
3) 1746.417007 EVERGREEN EQUITY TR (30023C6571
LRG CAP EQTY I
Mutual Fund (as quoted by NASDAQ)
09/08/2006
4 )
2383.563 EVERGREEN EQUITY TR (30023D8041
DISCPL VAL INS
Mutual Fund (as quoted by NASDAQ)
09/08/2006
51
1563.71 WACHOVIA PT MONEY MARKET (9979810061
Total Value
Total Accrual
Total $236,000.96
ESTATE VALUATION
ELIJAH WATSON 9/13/06
PATRICIA CAVIN
High/Ask
Low/Bid
Estate of: MC RAE
Account: 000002519001818
Report Type: Date of Death
Number of Securities: 5
File ID: EVI_20060913_2519001818
Mean and/or Div and Int Security
Adjustments Accruals Value
9,792.14
11. 310000
155,731.56
11. 31000 Mkt
16.64000 Mkt
16.72000 Mkt
Page 1
16.640000
29,060.38
16.720000
39,853.17
1,563.71
$236,000.96
$0.00
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
10-25-'06 10:58 FROM-
T-143 P002/002 F-143
FmM&TBank
499 Mitchell Road. MiIlsboro. DE 19966 Mail Code DE-MB-12
Phone (888) 502-4349
fax (302) 934-2955
Oclober II. 2006
Salzmann Hughes PC
Attorneys At Law
354 Alexander Spring Road, Suite 1
Carlisle, Pennsylvania 17015
Re: Estate of: Helen L McRae
Social Security: 047-36-9614
Date of Death: Sef)tember 08. 2006
Dear Sir or Madam:
Per your inquiry dated September 25, 2006, please be advised that at the time of death, the above-named decedent had on
deposit with this bank the following:
1.
Type of AccOlmt
Checking Account
Account Number
1151428
Owner~'''lj} (Names oj)
Helen L McRae *
Opening Date
05/08/93
Balance on Date oj Death
$8,420.96
Accrued Interest
$ 0.00
Total
$8,420.96
2.
Type of Account
Checkilig Account
Account Number
1/79152
Ownership (Names oj)
Michael J Jamison, Helen L McRae *
Opening Date
07/26/93
Balance on Date of Death
$8,247.38
$ 0.46
Accrued Interest
Total
$8,247.84
Please be advised, there \V"dS no safedeposit box fOUJ1(i." foi'tl~eab(;vede~edent:"".'f.'Fo-r'furtilcr'accouiit"inro..malion,
rl.ogarding ownership, closures andlor reimbursement of.funds, etc., please call the Boiling Springs Office # 717-241-
7790.
Sincerely,
'?fa/11.CY CP~~
Nancy Clagett
Records Management
:.-z'l ./ ~ /?' r A~~
/7~- //2t:!.. ~ ~~-
: / 3~ I ~1Z j{;;)/L ( .~
i' /J -, /::'" ./ j j, /'? --t::'''/
i!. ~~d .s:-~_4./.-~<.t.,"1-Jfk!~/r/f? ~ . c.- / .
i.i.~:. UL.-24 ~_..LZ-~ ..'/ '>7/J.iA'7~_- h-1~ ~2./f';-'IPP -5,./,}~./).6tt4:<~2--gZe~.'?_.,(.'::~~,'
,,' ..~= _.~~~.. f9'----:; "Y~~--~.""P'" ''/ / .. . '" c..,
Ii, }, ( yt'; - ,.. .r /
il! 7~~zrt: @;?7;; ~~ .
Iii .-~ '
ilV"" .//~ 'j~-~ '/"a:?~.. -
lfi?<-~~' ~.,;:?e::.:, /" .......-.. - - .. ?i<'
Jf~-2. A~4 @ /",;;;>::l:/ ~ ~ - ~
@/;?,4/ ~;Vd~'r . . , '1;~~':<'OAl
llt~k~.uL>~-~'r 4 ~4~.:t.E? /~~~-d- //~
,I' ~"~r- '--'r"~~", r' ~;:'-' ~//
I, ~ ?5 . .r-' '
ijP~I~j!7.u ~/LL:/ ~ :27 r0
III I
Il.
II' /} ~ /" ~.-""" .4"
'I. ~., ,,- /: r "" /<' //" " J(l;.-' I
I"i~~";-' ./~, ~/ . "'-'-~'-,,// ,..~/ '/ //} ""
, ....r'_.; -"',~ . ,.F ,~~..A ,":..oF - ~...,.. ' .r ~ IPc....
"1.1 ._ .____. c'." .._' .. , _ ... ,~.. , .. .' ,""-" ., / l
I~'; A ~} /'~ A !
ili . ... _. .~_..-...^.: .' /.-' I
I /Y,;,.' , .' ..,.;;."- , .//..
I, ~-?'U'L:'ftt:f 4". fZ~/ .'... ~~-tU-~~1&;::L
~tvv.~t ~~f/~~
II! ~' ..,t2.' ~~-;
I ' ~~. "1Y-~~-~~:~
IP?--~~ . ;??-..;.,Z4~~.z-
!i! ~ L",. /dY;-
I!~'.,~,,~
~' 7"/.
t.,- r ~-" ~-
Ii,. . ~A ,~~ /~/~.. .'. .'. .....:~~.eL~.~... .' .'._
, I I ..' /;'1"--';'-" / ~ [f . ./"
I'i -- // /" ' J,Z;;; -./.
, lit (/ c.. <~/;:I ",2. ..pf../}t .///
'.II!. ~~- ,--~4 ..~~~
I:
'I'
I"
j-II
'I'
I";,
"
IH
I i~
I"
..-I'i.....
j!
, .'1' Ii
.j!
1,1
III
~l~
."..1
11
I,
Il~.'
!i
Ii
+~ d
111
III
, ,
HI-
ili
..W
I\i
III
Iii
lIt
111
ill
"1
'1
.1.1,-
1!1
ili
ii!
,.1,
: :
i i
"7'!-'",.::L
c./J 4/.' ,'.'
c~~ ;:;.r-d.t:-1
I
~"/
?
L./
, q'j'" ./"-
Y?S'~~ ..
I
.\
..
.
.
>) .tf
THIS AGREEHENT made the ..-4 -
day 0 ;J1Lc{t~~dL
1972, between HELEN LOUISE McRAE ("the grantor") and COLIN W.
McRAE and THE HOWARD SAVINGS INSTITUTION ("the trustees").
WIT N E SSE S
That the grantor in consideration of the sum of One
dollar ($1. 00) to her in hand paid by the trustees the receipt
of which is hereby acknowledged and of the covenants hereinafter
contained has transferred and paid over and by these presents
does transfer and pay over to the trustees the property specified
and described in Schedule A annexed hereto and made a part hereof
the receipt of which is hereby acknowledged.by the trustees.
t
TO HAVE AND TO HOLD the said properties specified in
such Schedule A to the trustees and the successors and assigns
of the tr~stees.upon the follo~ing express trusts and. conditions
and with the powers and limitations hereinafter conferred and
set forth:
FIRST: (a) The trustees shall pay the net income to
the grantor during her life and in addition thereto so much of
the principal thereof as the grat:ltor may request from time to
time,provided that during any disability of the grantor (of the
existence of which the trustees shall be the sole judges), the
trustees may apply for the benefit of the grantor so much of
the income and principal of the trust estate as the trustees
deem suitable and may accumulate and add to principal any net
income which the trustees deem in excess of that needed for such
purpo se ..
(b) Upon the grantor's death, the trustees shall pay
or apply the net income" therefrom (and in addition thereto at
anytime .and from time to time such part or all of. the principal
thereof as the corporate trustee in .its sole and uncontrolled
discretion .shall determine) to or among all .or anyone or more,
or for the maintenance, education anq. support of all or anyone
or more, exclusive of the other or others, of the grantor's
husband, Colin W. McRae,and the grantor's .issue living at any
time and from time to time and if to or for more than one in such
amol;1nts as the corporate trustee may from time to time deem proper
irrespective (if to or for more than one) of whether such amounts
be equal and irrespective of any other .source of income, main-
tenance, education or support of any such. persons, meanwhile
accumulating so much of such income not 50 paid or applied. The
-2-
corporate trustee shall have the sole discretion to determine
whether to payor apply or accumulate such income and principal
as aforesaid, to which of the aforesaid persons and the amounts
thereof and if application be made the purpose thereof.
Upon the death of the survivor of the grantor and her
husband, Colin W. McRae, the surviving trustee shall divide the
principal as then constituted together with all income accrued
but not then due and paya~le and all accumulated income, if any,
into equal shares, one equal share for each child of the grantor
then living'and one equal share for each child of the grantor
then dead leaving issue then living and shall dispose of the
same as .follows:
As to each such share so allocated to a child of the
grantor then dead leaving issue then living the surviving trustee
shall transfer and pay over the same to such issue per stirpes.
As to each such share so allocated to a child of the
grantor then living born subsequent to the execution of this
agreement the surviving trustee shall transfer and pay over the
same to such child.
As to each such share so allocated to a child of the
.
. .
-3-
grantor then living born prior to the execution of this agree-
ment the surviving trustee shall payor apply the net income
therefrom (and in addition thereto at any time and from time
to time such part or all of the principal thereof as the sur-
viving trustee in its sole and uncontrolled discretion shall
determine) to or among all or anyone or more, or for the main-
tenance, education and support of all or anyone or more, exclu-
si~e of the other or others, of such child and his or her issue
living at.any time and from time to time and if to or for more
than on~ in such amounts as the surviving trustee may from time
to time deem proper irrespective (if to or for more than one)
of whether such amounts be equal and irrespective of any other
source of income, maintenance, education or support of any such
persons. ,meanwhile accumulating. so much of such income not so
paid or applied, until such child shall attain the age of thirty
years, at which time the surviving trustee shall transfer and
pay.over the principal as then constituted together with all
income accrued but not then due and payable and all accumulated
income, if any, to such child absolutely; provided however that
upon such child's attaining the age of twenty-five years the
surviving trustee shall transfer and pay over one-half of the
principal as then constituted to him or her absolutely. The
-4-
surviving trustee shall have the sole discretion to determine
whether to payor apply or accumulate such income and principal
as aforesaid, to which of the afoJ;esaid persons and the amounts
thereof and if application be made the purpose thereof.
.In the event of the death of such child prior to
attaining the age of thirty years, then upon such child's death
the surviving trustee shall transfer and pay over the principal
of such part a~ then constituted in equal shares to his or her
children then living and if there shall be no child of him or
her then living then to the issue of the grantor then living per
stirpes.
Anything hereinbefore contained to the contrary not-
withstanding the trustees 'or trustee as the case may be. shall
use the principal of the trust to pay all transfer, inheritance,
legacy, succession, estate and similar death taxes and duties
and a~y interest or penalties thereon payable by reason of the
death of the grantor to the extent that the testamentary estate
of the grantor is insufficient for such purpose. The trustees
or trustee as the case maybe are authorized and empowered either
(1) ,to liquidate from principal such securities as they or it in
their or its sole discretion shall determine and pay any such
-5-
taxes and interest and penalty (and in such event shall be
entitled to proper compensation for the filing and preparation
of any return and supplemental infonnation in connection there-
with) or (2) upon the receipt by them or it of (a) a certificate
of court or the clerk or other duly constituted officer thereof
or other duly constituted authority evidencing the appointment
or establishment of the executor or administrator or other
representative of the estate of the grantor and (b) an affi-
,!
davit of'such executor or administrator. or other duly established
representative stating in the opinion of such person the sum
required to be paid for such taxes and interest and penalty
and asking to be placed in funds to pay over such sum to such
persons, ,liquidating if necessary such securities for.such pur-
pose as they or. it in their or its sole discretion shall determine
(and in such event the trustees or trustee as the case may be are
expressly released from determining the amount or propriety of
the payment of any sum so certified to them or it). The trustees
or trustee as the case may be'shall in their or its sole dis-
cretion determine whether themselves or itself to pay such taxes
and interest and penalty as aforesaid or to await certification of
the amount of such taxes and interest and penalty and pay the
representative of the estate of the gra.ntor. as aEoresaid and
.
-.6-
shall not be responsible for any interest or penalty whatsoever
incurred in connection with such determination.
SECOND: Additional property may be transferred to
the trustees at any time and from time to time if the trustees
Slhall consent and the same shall thereupon become a part of the
trust. fund and shall thereafter be held upon the same trusts and
conditions as the property originalli transferred.
THIRD: The trustees shall have as to any and all
property whether principal or income at any time held or received
under any provision nereof including without limitation by the
reference thereto articles Second and Fourth and until the
actual distribution thereof the following powers without limi-
tation by~he enumeration thereof:
1. To retain any such property as an
investment without regard to the proportion
such property or property of a similar charac-
ter similarly held may bear to the entire
amount held and whether or not the same is of
the class in which trustees are authorized by
law or any rule of court to invest trust funds;
2. To sell at either public or private
sale either for cash or on credit.or partly
for cash and partly on credit, lease, mortgage,
or exchange any such property and to grant op-
tions in respect of any of the foregoing in-
cluding without limitation by the reference
thereto the acceptance in the event of any
sale or sales of real property of a purchase
-7-
'money mortgate in an amount equal to any per-
centage of the sales price;
3. To invest and reinvest in and to
acquire by exchange property of any character
including but not being limited to bonds, notes,
debentures, mortgages, cer.tificates of deposit
and common and preferred stocks without being
limited to the class of investments in which
trustees are authorized by~law or any rule of
court to inves~ trust funds;
4. To join in consent to or become a
party to any agreement ~rganization, reorgan-
ization, merger, . consolidation, combination, dis-
solution, readjustment, exchange or other trans-
action and any plan and action thereunder or~n
connection therewith and to consent to any con-
tract, lease, mortgage, purchase, sale or other
action. by any. corporation or association; to
deposit any such property with any protective
. reorgani.-zation or similar committee to dele-
gate discretionary powers thereto and to 'share
in payment of its expenses and compensation and
to pay any assessments .levied with respect to
such property and to take and receive property .
. under any agreement, organization,. reorganization,
merger, consolidation, combination, dissolution, re-
adjustment, exchange or other transaction whether
or not the same be authorized by law or any rule
of court for the investment of trust funds;
5. Toexerci.-se all conversion subscription
voting and other rights of whatsoever na.ture
pertaining to any such property and to grant
proxies discreti,onary or otherwise with respect
thereto; and t.O . retain any property which maybe
acquired by the exercise of any such rights
whether or not the same is of the class in which
trustees are.authorized by any law or any rule
of court to invest trust funds;
6. To cause any stocks bonds or other
-8-
property whether or not of the same kind at
any time held by them hereunder to be regis-
. tered in their own name as trustees orin the
name of their nominee or nominees without dis-
closure of the trust or to take and keep them
unregistered and to retain or keep them or any
part thereof in such condition as to pass by
delivery;
7. To' pay all necessary and proper taxes,
costs,charges and expenses in connection with
the trusts hereunder and the administration
thereof and conclusively to determine whether
the same or any of such items shall be charged
to principal or income;
I!
8. In the administration of the funds of
the trusts.or any of them or of any property vested
ina minor hereunder to make and retain joint
'investments or investments of undhrided interests
in any property of any kind real or personal so
.far as to the surviving trustee may seem con-
venient and to administer all or any part of
such funds' together or as a single fund;
9. In distributing any principal her~under
to transfer and pay over the same in kind or in
money or partly in kind and partly in money the
judgment of the trustees or trustee as the case
maybe as to the propriety thereof and the property
to be allocated to any person and the value of
any property so allocated to be binding and con-
clusive.
FOURTH: If any person entitled to any property here-
under shall at the time such person would otherwise be entitled
to the possession thereof be a minor the same shall vest in such
'minor and the surviving trustee may make payment of a portion or
.
-9-
all thereof to such minor's guardian wherever appointed or to
a parent of such minor or to the person having the care custody
and control of such minor without any obligation on such trustee
to see to the use or application thereof or to inquire into or
regarding any other funds available from any other- source for
such minor's use or it may defer payment of and continue to hold
any portion or all thereof until the minor becomes of age mean;...
while applying for the maintenance education benefit and support
of such minor (until he or she reaches the age of twenty-one. years)
so much thereof and also of the income thereof and in such manner
as iri its sole and uncontrolled discretion it shall determine
irrespective of any' other source of income, suppo.rt; maintenance,
education or benefit of such miner and the receipt and release of'
such guardian parent or person having the care .custody and control
of such minor whether in respect of principal or income shall be
a complete discharge of such trustee and binding in all respects upon
such minor.
FIFTH: The individual trustee shall have the right at
any time or times by an instrument in writing executed and acknowl-
edged to appoint an additional trustee or successor trustee or
additional trustees or successor trustees such additional trustee
additional .trustees successor trustee or successor trus tees to
",
"
-10-
have the same powers authorities and discretions whether per-
taining to or distinct from such office as though originally
named an individual trustee herein including without limitation
by the reference thereto the powers given under this article
Fifth and the individual trustee shall have the right so far
as permitted by law to determine what security if any such
appointee or appointees shall give.
Any additional trustee or successor trustee hereunder
may be a corporation incorporated in or outside the State of
New Jersey or a natural person residing within or without the
State of New Jersey.
All of the powers authorities and discretions whether
pertaining to or distinct fr~m the office of trustee may be .
exercised if there are more than two by any two of the trustees
from time to time acting hereunder except such powers as are
given expressly to the corporate trustee.
The word trustee wherever used herein shall mean the
trustee or trustees from time to time acting hereunder whether
anyone or more be the original trustee or an additional trustee
or a successor trustee.
-11-
Anything hereinbefore contained to the contrary not-
withstanding Colin W. McRae shall have the right by will to
appoint a successor trustee to himself and shall have the.r~ht
~o far as permitted by law to determine what security of any
such successor trustee shall give.
Any person natural or corporate acting as a trustee
whether named herein or appointed as hereinabove provided shall
have the right to resign by an instrument in writing executed
and acknowledged and if there be an additional trustee filed
with such additional trustee.
SIXTH: The grantor hereby.expressly reserves and
retains the rigQt at any time and from time to time by an instru-
ment. in writing signed and acknowledged by her and filed with the
trustees (or with the corporate trustee in the event that Colin
w. McRae is then dead) to revoke this agreement and the trusts
hereby created and to take possession .of such property constit-
ing at such time such principal of the trust with respect to which
property such trust shall have been revoked as aforesaid after
provision has been made for the payment of the compensation of
the trustees or trustee as the case may be and other expenses
of administration free and discharged from this agreement and
.
-12-
the trusts created hereby; and also reserves and retains the
right at any time and from time to time by an instrument in
writing signed and acknowledged by her and filed with the trustees
or tr~stee as the case may be to alter amend and modify this
agreement in any and every respect provided however that no such
alteration amendment or modification shall increase the duties
or responsibilities of the trustees or trustee as the case may
be without their or its consent thereto in_writing.
SEVENTH: Without limitation on the right of any trustee
or any resigning trustee or the legal representatives of the estate
of any deceased trustee hereunder to have the accounts- of any such
trustee judicially settled the grantor shall have the power at
any time and from time to time. to settle the account of any
trustee or any resigning trustee or the legal representatives of
the estate of any deceased trustee hereunder both in respect of
principal and income therefrom by an instrument in writing signed
and acknowledged by her and a release and discharge from the
grantor shall be a complete release and discharge of such trustee
or resigning trustee or estate of a. deceased trustee for all
purposes and shall conclusively bind any person having any interest
hereunder whether vested or contingent or otherwise provided how-
ever that no such rele~se and discharge shall be so binding as
-13-
to any matter involving fraud.
EIGHTH: This instrument and the trusts herein pro-
vided for shall be construed regulated and governed in all
respects not only as to administration but also as to validity
and effect by the- laws of the State of New Jersey.
NINTH: The trustees by joining in the execution of
this agreement hereby signify their acceptance of this -trust.
IN WITNESS WHEREOF the undersigned have hereunto set
their hands and seals the day and year first above written.
,7J<-;(.~.., .-t(;~::(- hn(-/(cr:, .(L.S.)
,
HELEN LOUISE McRAE, Grantor
<:.::~-
- \"--..,
I ' . .
- ~ '~ /" .'
C?CCr. (~). -.&Q~-L
~ COLIN W. McRAE, Trustee
(L. S . )
THE HOWARD SAVINGS INSTITUTION
BY 4 ./ /{; !\rf- ., !
, ,~l.~_ (~)'
.I Trustee
"
. :"\ ji :. tl~ .~ f;'t-:'"
~ I ~ -~.. "'_ . --.. .....J
F;:-.....- . .'t'" .
ur.... .... ...... ... '" -.::t
IRUST C F'~;~'--'
. H....n.
Attest:
~ /.'In/. /2-
1l1.LI!J.,V p_~~~<t............
. .' (/ . . RUDOLPH El. HALVORSZN
ASST. TRUST OFFICER.
Shares
200
200
60
615
250
446
263
100.
200
110
100
450
Par Value
$20,000.
20,000.
15,000.
SCHEDULE' " A"
STOCKS
Company
.Kind
Campbell Soup Company"
Capital
Eastman Kodak Company
Common
General Motors Corporation
Common
General Telephone & Electronics Corporation
Common
The International Nickel Company of Canada, Ltd.
Common
The Lehman Corporation
Capital
Midlantic Banks, Inc.,
Capital
Mobil Oil Corporation
Common
J.P. Morgan & Company, Inc.
Common
Public Service Electric & Gas Company
Common
Standard'Oi1 Company of Indiana
Capital
Sterling Drug, Inc.
Common
BONDS
Atlantic City Electric Co., 1st Mortgage, 8%
due 5/1/2001 (REGISTERED)
Boston Edison Compa~y, 81/8% due 5/15/2001 (REGISTERED)
Pacific Gas &'E1ectric Company, 7 1/2% due 12/1/2003 (REGISTERED)
CASH
"
STATE OF NEW JERSEY )
: ss.:
COUNTY OF E SSE X )
...,
~-tk
BE IT REMEMBERED, that on this :? /J day of
r: ';' · t:;
L/ ~1 '.. '.'
1'~ ~,~
the State
1972,'before me, the subscriber, a Notary Public of
of New Jersey personally appeared
FRE:D :.:. :.:::.:=.l';~:=:::=.t
the
TRUST OFfICER
of THE HOWARD SAVINGS INSTITUTION,
who, I am satisfied, is the person who has signed the within
instrument; and I having first made known to him the contents
thereof, he thereupon acknowledged that he signed, sealed with
the corporate seal and delivered' the said instrument as such
officer afores~id; that' the within instrument is the voluntary
act and deed of said corporation" made by virtue of authority
from its Board of Directors.
j\ ~Ck "fi
k:' '-I '7 ,/
~1JJ~. ~ ~ . ~_K -~
,
EiED'E-q'Cil\ ", ,r..~:::fnl?'Ct' (/1'1
. ~I''' ",)Wl ".~II'~J:.. ..'. .1[:5,
J. WT.!\EY F';!"1I',~ rf: t.!f.IIJ /j.(1<'cy"
, .".~4.'1 I J ,,-11 , '''-.'.}4. .
"'.. f' .. ~ .
6':) ~O:r;!;;i~;?)J El:p'~?~ ?-'1/1 Jh) ')11
STATE OF ARIZONA )
SS. :
COUNTY OF /Ii.Ic/'/;f )
BE IT REMEMBERED that on thiso.,.1.rf day of /Je'/XII
1972, before me, the subscriber, a Notary Public personally
appeared HELEN LOUISE McRAE, who, lOam satisfied, is the
Grantor named in th~ foregoing Agreement, and I having first
. made known to her the contents thereof, she did acknowledge
that 'she executed the same as her voluntary act and deed for
the uses and purposes therein ,expressed.
I~/l... .
acl>;:); f,~'f?~"-' ~
A ;Notary Public
r,v ""~-,'" ~r""."'.. "'h"l.: p," r
I"J ""'0..::1,,,,,,";0 c...;.r::s i i:V. t.7, 1972
STA TE OF /:}/;'/ z tt. 'il
)
: 58.:
)
COUNTY OF /L/4tf'ICC/Yf
BE IT REMEMBERED that on this .<973. day of t--IAl'cil
1972, before me, the subscriber, a Notary Public in and for
the State of ;1/?/zt.'''/'.1
and 1" hereby certify that I
am such Notary P.ublic as witness my hand and notarial seal,
personally appeared COLIN W. McRAE, who, I am satisfied, is
the person named in and who executed the within instrument, and
to whom I first rnadeknown.the contents thereof, and thereupon
.
he acknowledged that 'he signed, sealed and delivered the same
as his voluntary act and deed for the uses and purposes therein
expressed.
2tLtt'
.', .7", "'",,,,-/
/,ft ,., "~,..',..- r:",.-' "- 1.!AIJ ""'1!\-?
lilY vO:i1::J,S,)'\J" ;..,,;J.r~,)...,; . I.; 1 _'11:-
I;'
",
~.
THIS SUPPLEMENTAL .AGREEMENT made the 2CJ
~tLt/rn{~
day of
, 1972, between GOLIN W.McRAE ("the
~
grantor") and HELEN LOUISE McRAE and THE HOWARD SAVINGS INSTI-
TUTION (lithe trustees").
WITNESSETH
- - - - - ---. _. - - -
That the grantor, pursuant to ohis power reserved under
article Seventh of a certain trust agreement dated September 6,
1950, among the above parties, as thereafter amendedt hereby
further alters, amends and modifies such agreement in respect
of the properties now held in such trustees by cancelling and
annulling article First (a) thereof and substituting in its
place and stead the following:
H(a) The trustees shall hold the Marital Trust in
trust to payor apply the net income therefrom (and in addition
. thereto at any time and from time to time such part or all of the
principal thereof as the corporate trustee in its sole discretion
sha.ll determine) to or for the benefit of the grantor during his
life and upon his death to payor apply said net income (and in
addition thereto at any time and from time to time such
o .
part or all of the principal thereof as the corporate trustee
in its sole discretion shall determine) to or for the benefit
of the grantor I s wife. Helen Louise McRae during her life with
power in her alone and in all events upon her death to appoint
by will the entire principal as then constituted free of the
trust upon such terms and conditions, whether outright or in
trust, as she may deem proper and if to more than one appointee
in such amounts as she may deem proper irrespective of whether
they be equal and without any limitation whatever by the follow-
ing specification exercisable in favor of her estate or other-
wise and so much as shall not be so appointed shall become and
"be disposed of under subdivision (b) hereof as a part of the
Res iduary" Trus t . "
Except as hereinabove altered, amended and modified,
the grantor ratifi~s and confirms said Trust Agreement in all
respects.
IN WITNESS WHEREOF, the said COLIN Wo" McRAE as grantor
has hereunto set his hand and seal, and HELEN LOUISE McRAE and
THE HOWARD SAVINGS INSTITUTION have consented by setting hereunto
their hands and seals or causing these presents to be duly
-2-
executed as of the day and year first above written.
f'G':J;J . f ";\ r;6.. \;> (J
lCct;-:(~~ ~/. ''-((9-,-.
COLIN W. McRAE, Grantor
~
JJ1L~ g'<"L(~~U_ ~1~ f2C0 ~
HELEN LOUISE McRAE, Trustee
~ ~.tl#f ,(J.~~..~ ~
RUDOLPH B. HALVO~SEN
ASST. TRUST OFFICEI( .
THE HOWARD SAVINGS INSTITUTI.ON
BY 4AuldF~J~~~z~
Trus tee fRVST PFflCER
ATTEST:
.. ~ J,
STATEOFARIZONA )
SS. :
COUNTY OF ;I#;/tKv/'1l )
BE tT REMEMBERED that on this A9Yf day of )1~t1.CII
1972, before me, the subscriber, a Notary Public personally
appeared COLIN W.McRAE, who, I am satisfied, is the
Grantor named in the foregoing Agreement, and I having first
made known to him the contents thereof, he did acknowledge
that he executed the same as his voluntary act and deed for
the uses and purposes therein expressed.
L!'(t{4~~
/ A otary Public
~~y Go:n:n:ss:o;; Ex;;:r:s r:~v. 27, 1972
STATE OF4/zc/V/l
COUNTY OF I'f/?J(C'I'/J
)
: SS.:
)
BE IT REMEMBERED that on this;~.91 day of .Ifl?t'/I
1972, before me, the subscriber, a Notary Public in and for
the State of AR'Z~';;~ and I hereby certify that I
am such Notary Public as witness my hand and notarial seal,
personally appeared HELEN LOUISE McRAE, who, I am satisfied, is
the person named in and who executed the within instrument, and
to whom I first made known the contents thereof, and thereupon
she acknqwledged that she signed, sealed and delivered the same
as her voluntar;y act and deed for the uses and purposes thereiri
expressed.
~~(!~~rt/
My Com:;"fss;OI1. Exp;rJ3 1~:OV. 27, 1972
",""
"
STATE OF NEW JERSEY )
.
.
COUNTY OF E SSE X )
SS.:
BE IT REMEMBERED, th!l:t on this S-t5- day of rphl
1972, before me, the subscriber, a Notary Public of the State
of New Jersey personally appeared .:!~_EO.t.i.,~~nZiIN~Z~
the
TRU,ST OFFICER.
of THE HOWARD SAVINGS INSTITUTION,
who,' I am satisfied, is the person who has signed the within
instrument; and I having first made known to him the contents
thereof, he thereupon acknowledged that he signed, sealed with
the.corp~rate seal and delivered the said instrument as such
officer aforesaid; that the within instrument is the voluntary
act and deed of said corporation, made by virtue of authority
from its Board of Directors.
.~;~
NOTARY PUEL IC
FREDERICK J. HEIDRICK, JR.
NOTARY PUBLIC OF NEW JERSEy'
My Commission Expires Sep. 1711974
CJ1\( ~
I,Vl't. I-
e ~7~1 V'j~// ~~td.)
:~:l .~~ '- "
,/) ....
<:::...c'
~~......-- .
-
C:!I"--+~--"'::.;;..r.'",
.\
/'....._ ':, .....'!t,.. .
c ----
'~'"
-&
THIS SUPPLEMENTAL AGREEMENT made the 13 day
of ~.1L./ 1966 between Colin W. McRae (hereinafter
called the grantor) and Helen Louise McRae and The Howard
Savings Institution (hereinafter called the trustees)
WITNESSES:
. Tha.t the grantor, pursua~t to hi~ power reserved
under article Seventh of a certain trus~ agreement dated
September 6, 1950 between the above partie~, hereby
alters, amends and modifies such agreement in respect of
the properties now held by such trustees
1. By cancelling and annulling article First
thereof 'and substituting in its place and stead the
following:
"First: Such properties shall be divided into
two parts, as shown on Schedules A and B hereto
annexed and to be known respectively as the Marital
Trust and the Residuary. Trust.. and disposed of as
,~
, \
i
\
\ .
.i,L; J:~.;
. i."rh ~'J r"~~'r 'T.::,~. :a',' ". -r.. ..
. .
. r' . ':. .;. ";.;..~ r:":
... '.' :..~
a ,.
..
Al.~~""".....-..,-...~..~~_...~.~t',.....,-~.~
<::>
follows:
(a) The trustees shall hold the Marital Trust
in trust to payor apply the net income therefrom (and
in addition thereto at any t~e and from t~e to time
such part or all of the principal thereof as the cor-
porate trustee in its sole and uncontrolled discretion
~~
shall determine) to or for the benefit of the grantor1s
wife Helen Louise McRae during her life with power in
her alone and in all events upon her death to appoint
by will the entire principal as then constituted free
of the trust upon such terms and conditions, whether
outright or in trust, as she may deem proper and if to
more than one appointee in such amounts as she may
deem proper irrespective of whether they be equal and
without any limitation whatever by the following spec-
ification exercisable in favor of her estate or other.
wife and so much as shall not be so appointed shall
bec:;ane and be disposed of under subdivision (b) hereof
.-;: -,'-' ....
as a part of the Residuary Trust~
2.
('i')
J,jJG t_.i..J J G 4- '.~ ~ u -.
.- .. ..I
~o:rTG;"~: :
~
~
r~~-~
..~.........-~~..st.'"'~~~~"o::ot.~,.....,..:-:-."--":.~.
I
.,..~.,...-......t:~"',""'..s:"~~"~':"'!"Z!':'-''''C:':'':-''''''~':
::(..... ""'~,,...,,:"'____ '.__~' """'~"~~'.~_"" _.'A_'''-'''-''__ ~ .
(b) The trust~es \sha11 hold the Residuary Trust.
in trust until the death of the survivor of the grantor
and his wife Helen Louise McRae to payor apply the net
income therefrom (and in addition thereto at any t~e and
from time to time such part or all of the principal there-
of as the corporate trustee in its sole and uncontrolled
discretion shall deteDnine) to or among all or anyone
or more, or for the maintenance, education and support
of all or any ,one or more, exclusive of. the other or
others, of the grantors his wife Helen Louise McRae and
the grantor's issue living at any time and from time to
ttme and if to or for more than one in ,such amounts as
the corporate trustee may from time to' time deem proper
irrespective (if to or for more than one) of whether such
amounts be equal and irrespective. of any other source of
income, maintenance, education or support of any such
person~, meanwhile accumulating so much of such income
not s~.pa~~ or app1~ed. The corporate trustee shall
. have the sole discretion to determine whether to payor
3.
: - '.
T/5'3
::J: f3 r:;S :;-~:
~.~ ~ 'r~.i I.;.
:: 0 T (f
... ," . '" '-:. ..~.. . t..... .,..
... . "'. .".'.
J.:::.r' :: ...:
. '
~
.-.....--
.--- - - ...~.'-
_ ~ ~........._""""....orl"-~_._.,..-"'..._..-;r.":~......~~~.".......~.,.~,~,_~.~~..'?... ......,~.4
.apply or accumulate such income and principal as aforesaid
to which of the aforesaid persons and the amounts thereof
and if application be made the purpose thereof.
Upon the death of the survivor of the grantor and
his wife Helen Louise McRae the surviving trustee shall
divide ,the principal as then constituted together with
all income accured but not then due and payab le and all
accumulated income, if any, into equal 'shares, one equal
share for each child of the grantor then living and one
equal share 'for each child of the grantor then dead
leaving issue then living and shall 'dispose of the same
as follows:
As to each such share so allocated to a 'child of
the grantor then dead leaving issue t~en living the
'surviving trustee shall tran'sfer and pay. over the same
to such issue per stirpes.
As to each such share so allocated to a child of
the grantor then living born subsequent to the execution
4.
: .~:"r).0}.:\ (JT. 'JG{:IJl.i!j"lr~J;:~; nf~f.~'~ "':""'r,.r(-:c.)lli(~ ....~!"r::: !";::..-.7r:.;-_.4.....- ,.-.:.; ~;~V~:..~":.<.. ~C'
..
<<
.~. ~_ ~ ,. 4 ~...~-....,~_...........~_____~~____._ _ _ It-.L ____.~C<.~.T~~.~~-.."....,.....,.,.--'~.~.~~-_.... ..~,-'r_.>7I."'~~--:-",....-:--....".
r - .
of this agreement the surviving trustee shall transfer
and pay over the same to such child.
As to each such share so allocated to a child of
the grantor then living born prior to the execution of
this agreement the surviving trustee shall payor apply
the net income therefrom (and in addition thereto at
any time and from time to t'ime such part or all of the
principal thereof as the surviving trustee tnits sole
and uncontrolled discretion shall determine) to or among
all or anyone or more, or for the maintenance, educa.
tion and support of all or anyone or morej 'exclusive of
the other or others,. of such child and his or her issue
living at any time and from time to time anilf to or for
more than one in such amounts as the surviving trustee
,may from time to time deem proper irrespective (if to or
for more than one) ,of whether such amounts be equal and
irrespective of any other source of income, maintenance,
ed~c~tion, or support of any such persons, meanwhile
.5.
.' : ~-FJq
. ~
i_~"::...i
\}.:.5.:: .!:5:-r; t"..;!:r."~
;:.:) ~rjG:: '~,;~.~-r;'(1.
. r..)~,~ ~.~r:r2 ~1r':r..(.~G.\.;..r'i'~ ~rr:-: 7~:.t::.., '.".T.t\.~~.:."'"
,::7":.i...::: ::':<: ~~"~::.:' ";'
'''0:,- .......- r" .'. '.."
.' ~ \J ~:\...".
, ..=~~"---",,~",--..""....
-.:..........'l'_"...--,....._~~.".~r--...,.._...~,...:.- ._-. "."......
. "'"!"--'-""'~'''''-~~~j':'~''.~'';''---:<'''',.-.,~..-.-...",.."...,.~..._-.. '""<:*,'" .- -- -""""~""'-:-~"":"""'!'~~..t,R..lr.f~.
accumulating so much of such income not so paid or
applied, until. such child shall attain the age of thirty
years, at which t~e the surviving trustee shall transfer
and pay over the principal as then constituted together
with all income accrued but. not then due and payable ,and
all accumulated income, if any, to such child absolutely;
provided however that upon such child's attaining the
age of twenty-five years the surviving trustee shall .
transfer and pay over one-half of the principal as then
constituted to h~ or her absolutely. The surviving
trustee shall have the sole discretion to determine
whether to payor apply or, accumulate such income and
principal as aforesaid to which. of the aforesaid persons
and the amounts thereof and if application be made the
.purpose thereof.
In. the event of the death 'of such child prior to
attaining the age: of thirty years, then' upon such child's
deaththe:suryiv;J.ng trustee shall transfer and pay over
6. .
. \
~cc[rD"(JprcrlJ~-;' ~W mI:icJ.T or C:f!C~.r rrrcOl'J';; '..:y r. 80 l:H.;r<1 G!:
\ . . . .
. ~S:~:r.~.~~~~~"..'t...,...",...~~~t~,~~... .=~l!'-':s. :.t1g::'T.~.., ..,....-.v:.'~""".,.~_...~~....,.~.~.,.,i:;:.."'......"''':'.~.....~.,......"J~~'''.,.>....~...,...~I'!~':"~._.., ..."",...~..~....'.. .."1...~,.~..,..-'. ,.~-..
. .~ ' "",,,,""''';)'''''~'',I,.-~~,~_1r''''...,.:.,,,,!-,~~~'"'''''~''''''~~
the principal of such part as then constituted in equal'
shares to his or her ~hildren then living and if there
shall be no child of him or her then living then to the
issue of the grantor then living per stirpes.
Anything hereinbefore contained to the contrary
notwithstanding the trustees shall use the principal of
. .
.the Residuary Trust to pay all transfer; inheritance,
succession, estate and other death taxes levied or assessed
by .any State of the United States of America and by the
United States of America chargeable by reason of the death
of the grantor in Tespect of the trusts created under this
agreement together with interest and penalty thereon, if
any, to the extent that there is no provision for the
payment of such taxes and interest and penalty from the
residuary estate of the grantor under his will, and shall
have p~er to compromise any and all such taxes. The
trustees are authorized and empowered either (1) to liqui-
. date. from principal ssuch securities as they in' their sole
7.
'CT'C, .'j)-:- 7"'C'I'~'''''- ...... ~
.' ". ',.J '., oJ.. I '.,,_;;,
2n-::F
J;-:".rT.~ t''a
qiG!! COL'8 r.:r:W:C';
.~',., r:; f"(I':1 j
. '
'J .~~-l.''!'L<r>.~4;,.'''f-~V,;~-;,''~..r';'"'.'''''''''''''"-~'~'''-'---_.'~"-"""'-""'~-~-'-~~-,-'~...~r,_\.;":,,,."'~~~~<~~" _,~..l. " .!....-.:~""f>.~,.........._,._.~-...~.____.:--."'-...O:-.."~~.~,{~..,I!._...4._""'~.~5~;c
discretion shall determine and pay any such taxes and
interest and penalty (and in such event shall be entitled
to proper compensation for the filing and preparation of
any return and supplemental information in connection
therewith) or (2) .upon the receipt by them of (a) a
certificate of court or the clerk or other duly consti-
tuted officer thereof or other duly constituted authority
evidencing the appointment or establishment of the
executor or administrator or other representative of
. .
the estate of the grantor and (b) an affidavit of such
executor or administrator or other duly established .
.
representative stating in the opinion of such person-
the sum required to be paid for such taxes and interest
. and penalty and asking to be placed i~ funds to pay over
such. sum to such persons, liquidating if necessary such
securities for such purpose as they in their sole dis-
cretion shall"determine (and in such event the trustees
are expressly released from determining the amount or
\ .
. ,
q~~ ~ CJ: (~r:~. OfJ
~:l: q L::.::!o~
"'.0:":".
;:<:1::c... ';
q(;.~ ~ J:;'~r~.;l (;
,:,r;(:'J
~L' ': ('~
c.;'~ I !".~ ",0 -,-
~ -."'
'.
. ~"." .~.. .,.o:.'~"'...~~.'.,.'~~': ,.. ..-.', . .,...
,
:.~~_"_'__"'!"'.~"_"_""___""t\ .r. ..- ;<:;O:.l__~~,~~.~~.{':;'~:-~..,......~J.:-''<;\i~_~,~~
r .>o:~~.~.~~~~~.~.ft:;.!),~.:.t.J"...~!."."'- .~~-Y""""'''"'''':~'-,!,'~''' ~""""~'Sl'__:ll.
",.,.",.,.. .
propriety of the payment of any sum so certified to them).
The trustees shall in their sole discretion determine
,
whether themselves to pay such taxes and interest and
penalty as aforesaid or to await certification of the
amount of such taxes and interest and penalty and pay the
representative of the estate of the grantor as aforesaid
and shal~ not be responsible for any interest or penalty
whatsoever incurred in connection with such determination."
2. By cancelling and annulling article Fifth
thereof in its entirety. and article Third (8) in its
entirety.
..
IN WITNESS WHEREOF Colin W. McRae has hereunto
set his hand and seal on the date first above written.
c~
O~(;, \e.)~ .
/. -
(L.S.)
9.
-.\
': .: '(-.,.. -....
D~Ou~,G~~ O~ ~pG
hgi.mG!J.1=
".,
o~ ~IJ'J.
~nm
.
~o ~GJ:.{::r"f~'Fl ;::0
l::j~;;:~\ .
~,J..,._i?'~~2~~:-:~~-::'f~'~~>,L....I<:'~,~~~.,... ~ .:O"':~:'-':=~:".~~-""=.-"";-~~"''''""-~-".,....:.~...~~~-."",,,~~.,... ",\'71'':,7: .~.,~~~,.~~~~~::,",~ ~.
. . ,..I.<:.,",,:,,~~,~~'!!'tP.~~_,....{~.,~ ._~,."7"'~"" .~.~...._).,,;(t'I
The trustees hereby consent to the foregoing
alteration, amendment and modification and admit the
delivery of the above instrument.
'"1.' II J) ~ I!-,)
" . . ~-h t.A \.j ~.L(. cl&.t.( l ~ (7 On /~(jp,
" Helen Louise McRae
(L.S.)
~, .
0" / .
h'.' --, "~--~
PAUL W. Mtt.SE, TRUST OFFICER
THE "H~. ~AVINGS INSTlTUT" ON
By" . . "~dc -?~
J5E~ItGe G. HUClHM.-JR,. V!CE PRESIDENT
.'. / ,'j :' ,It . .
. " ,~I '.
.: .",
;-~ .
, \:
") , ~:
10.
. \
.TSJG
...
~:T..n~;t;f1(1 r..!t;!.~p':. Ga:;.2:;';~Jt:
'.:'J ~~:-:: :~\)~!:r:;~',~O::-;7~'"
.
! -"""",,,,,,.,.dP,~,,,,...,,""~J.~,~"-- '-~--'7''''-'-'-''~'' .'''' ..".,..-. "'_"",,":,.~....~.-.,.-~-.-.--" 'c.""",_.o",!I'~~""''''''''''''''''''''"''''''''''''''":'''''"~'-' ".'""","--"-,~"""""""~.,". 'd."'.,.;'''' ~. -'.<.1
I
i
STATE OF ~rt ~
COUNTY OF ~ )
ss.:
tL f"\ .
Be it Remembered, that on this q - day of 1t..'U-LnJW
in the year One Thousand Nine Hundred and Sixty-Six, before
me, the subscriber, personally appeared COLIN W. McRAE, who,
I am satisfied, is the grantor mentioned in the within '
Instrument, to whom I first made knOwn the contents thereof,
and thereupon he acknowledged.that l:'!.e.signe4, sealed and .
delivered the same as his.voluntary'act and deed, for the'
uses and purposes therein expressed.
, '
.,
c\l[)T.
TARY PUBLIC OF NEW JERSEY
MI~,sion Exp,ire' Ma'i,2t, 1970
".', 'I . ...
STATE OF !rLw!:J;)
COUNTY OF ~ ) ss.:
Be it Remeiobered, that on this t{ fi, day of ~
in the year One Thousand Nine Hundred and Sixty-Six, before
me, the subscriber, personally appeared HELEN LOUISE McRAE
w~o, ~ amsati~fied, is the. trustee mentioned in the' within'
Instrument; to whom I first made known the contents thereof,
and thereupon she' acknOwledged that she signed, sealed and
delivered the same as her voluntary act and deed, for the
uses and purposes therein expressed. .
.~
~J~
" OTARY PUBLIC OF NEW JERSEY
MX,'-ommission Exp..ir., May' 2.,t~ 1ilQ.
'.It., 1 ~. '.' 'Ji~ ~" !....
i
~r' . .
(;. ':: .
~~;:r,\.!".~"/,~' (.I~ \it". r.. ~I~'" .: t."
\
,
I ~~"'''~~.~''''~~''''~'''~'''-~-~-~''----'~-'~'''''''''-'c' ....-------.-."-.",.~~r:. '.'"~,... .." ..""""_,_o.,....".'_,."'"4'.~?c"....*<.,,. .....
I
....:_.~:.....!..".<:"'!i,~_~.....". .~..t.._,..l,_
.:-~.~.~.l,..,..,..."".!l.....,.,,I...:,.o.~
STATE OF NEW JERSEY
)
.
.
)
ss.:
COUNTY OF ESSEX
Be it Remembered, that on this day of
in the year One Thousand Nine Hundred and Sixty-Six before
me, the subscriber, personally appeared Paul W. Mease
who, being by me duly sworn on his oath, doth depose and .
make proof to my satisfaction, that he is the Aasistant . JRUST OFFICER
Sec~etary of The Howard Savings Institution the trustee
named in the within instrument; tluit ,George G. Hughes, Jr.
is the Vice President of said corporation; that the execu-
tion, as well as the making of this Instrument, has been
duly authorized by a proper resolution of the board of
directors of said"corporation; that deponent well knows
the corporate seal of said corporation; and the seal affixed' .
to said Instrument is such corporate seal and was thereto
affixed and said Instrument signed and delivered by said' .
. 'George G. HugheSl Jr. , as and for his voluntary act and'
deed and as and for the voluntary act and deed of said
corporation, in pre~ence of. deponent, who thereup'on sub-
cribed his name thereto as witness.
-~
. ~ .'
-~ '. .
~. -<..~.~- . ~
'-
"
Sworn and subscribed before me,
at.. Newark, New Jersey the date
aforesaid.
,J~ ~;~_~
SARAh M. HH:iu.i.NS
Notary Public of New Jersey
~ CoDUDiuioD. ~irea Mar I, 1961 .
. :'..
r.:;_ or..; . .
'.. 6... .
~'!/;I".TI~~ (',li, \1:~.i'1 1.T.:r~~~r.r.:;~
'\
)
\. .Jl!"~"""" .'f:O'"'-" ......----',; ~~ -----~~-~~~l7:'('I":""'"'. I' '-'_~"":"!""i-.:;';~~." ..V..".-._....,."...1~_~~t,~.~T~I.A,~b,
~ ~ ..ro_,... ..~.....,.~,....!!".~.~.<.,V'f,.,~~~'.,~."I......~,,,'!:....!I"fV'lI~"(~:.~..~"~,}olol,,,..;l~....:"..rlo;'~~..~.,~.'~...!.1.'!".. r'-'."'...H.. ""~""'... . .' : . - .."'- " ....-.......,'.""t't'~~._......Il$'~'WI;..",',.":"'1;f"-<t<.,.,...<!.......,.~:~,',..,...,,-~J.'T..;:-I""'~:\<:..,....,,-""..\"~..~_:...' ..~.:.. :"-'. :~...(f"'T-:;~.~..... . "" .1r.:'.~'J'CP
j .
I
SCHEDULE "A"
Bonds
$8,000 Delaware 3-3/4% due,l977
$10,000 Wayne School 3.85% due 1971
Stocks
200 shs. American Cyanamid Co., common
132 shs. American Telephone & Telegraph
Co., capital
200 shs. Borden Co. ,. common
I
I
242 sha. Cincinnati Gas & Electric
Co., common
400 shs. Consolidated Edison Co. of
New York, common
100 she. Continental Oil Co., common
200 sha. Eastman' Kodak Co., common
300 sha. General Cable Corp., common
100 shs. General Electric Co., common
300 shs. General Motors Corp., common
150 aha. Grace, W. R. & Co., common
50 shs. Great Northern Railway Co...
common
100 shs. Northern Natural Gas Co.,
common "
~
I. _., ~
Uommoo ,.o~ olx4oatR teXauaD .s~s OOt
uommoo '.dxo~ atqe~ texauaD .sqs OO(
uommooC.o~ ~ 01 .g c4UOd na .s~s ~~
uommoo c.on t10 te4uau14uo~ .sqs OOt
uommoo c~XOA ~aN
~o .o~ uoslPR .pa4epllosuo~ .sqs OO~
uommoo C 0 o~
olx~oatg ~ seD l~euuloul~ .s~s Z~Z
uommoo 'oo~ uapxog .sqs OOZ
uommoo c.o~ !e~lle~
9A e~ues ~.e~ado~ Cuoslqo~V .sqs 001
. te~ldeo C .O~ qde,xgataJ,
~ auo~dalaJ, u~ol~amv .sqs Z(l
uommoo
,.o~ PlmeueA~ ueolxamv .sqs OOZ
I
I
i
s)'[oo~s
tl.6t anp %~g.( 100qoS aUAelo1 OOO"Ot~
...._~
99/t/Zt3np ~~:(-(
A1!Ultl811 U,X3tp.xoN ~ ::agO~ala 000' 9~.
.,
l8/~t/z anp %~/t-~
c.on mnatox49d sdlttl~ OOO'g~
ll6t anp %~/(-( a~eMBtaa OOOCg~
SPUOQ
11&..
:!l'1llamt:)s
I
i
I
~
'~'.~'AA.~~~i~~~~~:.d.~"4l..:.~.i.Jt.;:Up"7~~~~~~""', . ...:.-:1.,.."....
(
: 'V~'
'~-r:'&
; I
.~.. ..,~."'<."-"'-~-W_1Hj
. ,
, .
~
:l~\~J ..:..'\;..:,::~~t:'.,
\.
. ....... ..-,~,~.....~. --, ---
~) ('\1' 1....-... rl r1T,l. . II~) \',
t ..... ...JJ A ',I j ~...)
\
;
I
!
\
\
\,
""~.,,..,4'''''''''!'':''~'':''>i''!''''':'4'r-'..'''''''<'.".,."""'4':',,,,,,,,,,,,"}''''''''',,.'''''''''-'' ......~--_....,,.,....~""~~,""'''''''''.. ~ ..A_.. ..~~.~~.;~t~:.,.1~,""""""'~<t1'".l+,'~'!1.i.:.~.~!ftJ,"':.~!j.,..,..:'~~~
SCHEDULE IIB" (Contd.)
Stocks
323 shs. General Motors Corp., common
~ 0 ~ '266-shs .
. /15 \;w<~corP. ;
y 140 shs.
General Public Utilities
common
Grace, W. R. Be Co., common
,
50 sha. Great Northern Railway Co.,
common
440 sha. Kansas City Power lie Light
Co., common
i
I
I
760 shs~ Mobil Oil Co., capital
704 shs. National Newark lie Essex
Bank, capital
100 shs. Northern Natural Gas Co.,
common
64 shs..~e~s Corning Fiberglass
Co.;, common
. '800 shs. Public Service Electric &
Gas Co., common
447 shs. Standard Oil Co. (N. ~.),
c'api~al
100 shs,. Union Carbide Corp~, capital.
.Cash
i"f ~',4r .
I CB
$ 74.45
~
-'"-..--' ...-..-...-.'----......
~ .. .
"
....~
- -
'.-'- -'-'_.'--'_."--""~'''--'.'' .. ........-..-...-.- " -.'.
"
'"
~
~...
"
0:: ~ .
w el: 8
.J .J
:! I- )0,-
0( >=
~ el: ~
, '" CII ~:z
" ct ti ~:~
i1:D:
Z Z '0
- 0:: - ,.
c 0 III
~ ~ ~
III
.. el: z
"'d
Q)
4J
Cd
Q
'-
"--
r
.,
,~
- --
I
11110 t1? SiT
1f}~m
SEPTEMBER 6, 19,0
~DJ#!J WiolC '.AI
.to
_ IOrAlt)SknrmS 'II$fftftrOl
A>>4
iJiLiI'.~1 ......
~.t.M...atlt'J. it.' Of..the ~......... ....
;:::;::c '" ,,-- .:" ,'.' , "
I. ,,,"~SmnpIutttttt.., ast~.~.m~, .aU3.1.'1..m.'\8i -
etit.-.bld .~.i. 'aH 'PlY' "'r. tWAr, .d lit th. Sa... .of. ~ ~'....
..~ttftN~ i_nme.., .. .....i~O;f't1'" plP'.e:.m.(S.) ,.. ... .,.
_'~.~'ffl. '~~ijl,&l of'" vet__'t., ._~.tb.ff ..ftth...~.tc
th.~. ~'U.."181Mmt1U.T..otMr Clo~t.lu_ll_. uct.~ned v.tltI
n
\.,
~~
..-...
II. "_rue t~. _1*'_ .,..~ ttd.1 'ti1rU\ __-~ .,t. ~ probl.bdlltar of Me
. . ,_.';, ....".,..:-'. '. ,.j- . , . '." ~'~-..,".,:k' ".' . . ; " " . ,.-' -, " ;-- ".
...., iSM the aN... 1U.t.._",,!" ot 'tMUrd.'. atatea OOftmlMat,. .and ~
h"'. t.~.'" ~~ m t. ......t tblt 'M.a .ft'V1ft. *... .0" ~r~, or at. th.
~lftt1_ tlt!~' utl~ 1u1'W7 s.m., the ~...,...... w ae"p', .)On
Skh''-*utl. .;'the VI.', .. .....jiOtl _.._~jld. .t the 'nett utate .01
.. itict. __Ullptr ...t.Cl,,).,t t. ... ift1ue 0: ta.. ..., .,Qat'!., ~. th,i
""~'\aae"'!B"" .*k +-1.<'01 .n 1tlt~. ttoa "pri.rmt~ 01' 'tl'!e tnt,
...te ftt$. .'''< .t\bi~ 1,r....' "..... or neb ~t1.. .
m~fJi ... ........., ..... .~" u .t .......tt4 .. the. ....td\ld;. . perl.
e' __~ .'.i.tiV .... ~\1_ .ot 'td,e uti...lU1.,.t..n..,t,he ____
.1111 he:.itttt!'itittffre~" .~~."'pqtm:r to t.~'a'~jiiJ1oJiRtll. Jrint.1pa1
of tA& fiiK' ii\a....a. tou..'J
'-' .,
~~ .".'ii. "r.'t(t.t1J).~_ th" ..". w.~.t t,~ ~
...te I. .-.h M1 year *'ll ....~ .betv. _. o! tbe tnt.,
~\._d Of. ~a1". _be_. l\IITal46 .at tile ...r. the \hft....th
"~.~U~N'iU\DJIfl.~lr~)1Q;S;~.~. ad.1be...
'r'av .~tll~. .
Ia taMonnt t.bai t.., t..'Nat. is ~Wb,.~.,_b ...., ..r.. '\ba e%l)lra-
tt.-a 'If the ~!' perl. b1llow:i.q 14eCJ>ut1ft 01' the \t'\i.'1., {f'cr Nasons other
i
'J
\
\
i
1
I
~
_..~....,.. "~.' ...,,-,,<.. "',
,
than tbO$e $taUd 1r. II "bowl' the t:M19t~es ah~ll ~~ _titled. to a td.aiw1m eomuaioa
of toft a:mi ~t par "'at <2i,> em the book ...uue of th$ _ole tr\1.ft e.taw, or
put w1~, 1M." the UlOUt of 4mllW. c~slQIi. ~Y1o\1.1T taken ~hrereOft.
IV'. In' the .Wllt. "-at .the tzoust is .,ea1d..MtI in. _~_ tol" .... tba.n Wn
JI!U'8 j the Wt.tste.. ..n . ent! tl_ to tt.." '8ul fee t.het"$Att.r or o.e~~ fit
OM per _to Ct' of 1$) OR the _Ie: val_ tit thl tnn Qta;~. z. tM ~, that the
, trust. 1. ~1.Ulta4 '1D. leu \hall ........tt... pan &em the "ate ot ~ thn I th.
-..olpa1 tOlllllb.toa an.. \0 _. tnat.eee ~r tMU na" ...... the tonow. .
111& ratM of cwa1..i.,
ft_ ~ _eat (I.) of eta. tint tsO.0OG or the "".t valu O'f tM trwJt
...te, '.
f!irM ,...... (B) .1' t11e __ in .-sot t.be t1ftt51.00G .t the
__ '981. or- the t.fttit .-ta..
101iW1_~ .,. UJdtatt_ _.tad henin. '-. tl"Ulth. ,.u be m1t1_ to tal
....1 le. o~ ~ ., OM per._. (t .tl$) _ the Hok ..1_ or the trQt
..... ~ ..ell..'" s.. ....... .t twenty-ltve reDS that tb$ tnl'.1M1' ~,tm. tB
........~, fl..... j tu1;; it tlle irufl't, 1. ___\ell ill. G7 ..."....,..
_1&11 ..... QaJ1 ,. ~ dd pI1Oft~"~11 the U.1i. _taw an. 'Qe, trt-....
:~ ...u.~U. e( tr~ ~j the.. \eftlll It ..............."'...
..., .. ..~M/...........~.. ~ 1iu. $m_ __ .,. tra.WH.
1',,~{. ~, ~t:Ull .t tiIIl8WW\._ ___ ~_.i j
te .....,.lltIJ,M....l..t,e_. ....tt __-.tilpal e~._. ..:A
. . . . . ..(' , " - , ~ -. -' - :. -. . . ..
'fI'.~('/)rd.) to the. .~Mte tn..) ..
~ ~"'i,~):. ~ tat1'd4$1' ...~~~
\
,~
\1
!i
\1
Ii
:1
r
, ~
II
!i
II
I,
~l
ii
Ii
Ii
i
I
I
I
I
.,
t8XSMa"" .... .. 6Wt..., ., eep.... .... ~ 1'. 1rdH. j
(.......AttI'M11... \tle .........) aM HIt. t..cn&H. -. ..... __.N..... ,,<
~
tutt........ (Mni,_tWr ...u..l .. .......) ,
.17111$1$. j
I
I
. .' .'. . ". i
1M' 1iM ....._.. ...w.n.ti_ fill .... .. ot .. ~. 'a..)...
'-. '.. I
Ida... .... paiA Iv' .. wu... .. ~ .f .... la -- .~-- 'I
and or \be OOftMltW ttt__fWi. .......... ... tir1UM,.anca ... ,.. .....'..
I
., ...... pnlhu ,... ...,... ... ,., ..... .. ~ """__ \ha ,..........
.,.o1lle4ud 4..ed-.s Sa s.Wtd.. A -...... ......... aM ..... ,."', ImMt
^'" ,....1. .r _lo b .... .~ . ,.. .....
TV flAg MiD 1'0 10.1.&. toM. 1Ml4 ~..,..Ae4 1n ...... ~19 &
to' ... t.nIIt.... .. \hi ........... .... ullp of .. ~ v.pIilIIa. .. ...
1111 ..,..... tnat.lt .. .......Uou aDd wl\b ... ,... NII4 u.t_"... __........
at'-I' cHI....... a. .., '."'tn
I'
~fu S-.h ,"perlt.. .MU." a.... taw_ ...,.,..... ....
lib"" .f .. ,.u....
(a) A- to ... tub ~ ,.n tlba tl'UMeo ..11., 110. _.. LoU
!.\-
Moa.. wit. or _. 1J;u- at.1.e... umaa1.l7 an tM t.uo. ~ 4__
bel' :a.u.\1.- .1"11 ,.... in .1_ .14....... ~ ... .... aU ...... to ,.,..
. polDt. ... afA"" """'..~ In.. 'It \M trut dlill'lq Ufo ...a. ."U deto4
l\n4 w1.~t. 11.U.\1~WftI' b7 *' foUowi.q .,..us.......oa .~~ b. .
faJ'OI' of .....u or .t."..-1.- .., u,.o blrr dtt&\b * ~,.)., ., ftql'l ,.ntio
thon cU1ReU"~ it U1' tlb.t1l __. .. be d1~ of a. ,,"", .1 fib. ...
0.1\\&1 held an4 418"", ot I "'Of' 8\lblll'f1~ (ll) hel"ftt.
(b)h to t.. Ill"" .u.ob 'quU pt.'" ,... tInnQ~ .bAU 411J1:l, _
11... or the eraDWI' .. hll1wlt. .Hel.n Lnl.. _I.. Mff"'. llA..,i1f'ClZ' or _IlL
't*1 or SPP1l' to. 1l!I... "'..m... irt _MUS-OR a\ ., \1._ 4M r.... tt_ I
to 'U_ .U or 10 auch or t~''F1n.l~ ""''''',1.", Md 11 tM.c.rponu '""-1
.. ....... ... ........~ 0110........ _ _. .. or r... .... _ of
\1\. CAll"" or -- 14..... "".Ill' Nth ot \bu..4 it W ....._n ... 10 I
.lIGb ___\II a. tl1e .w~\e ...,.. IIIIiq ~ w.. to ,,_ .... ,....,.,
. 11"....,..'1Yo(1l to 110ft ~II Q'QIt) ot WbetMr no .....;. 'bI. oqlllll -. I
I
I
I
~ ... ~--. 4" -.'" .. ...."',,__ 1r1tt\'. tfld,,~ *1l\ SO
......... ... ..... AId ..... n-t' _IU\ .'" lIIrR _.,. ,. ....Ill
...V~ ,..; ... ..- a,._ 'ftwlif. .. .to ...t'J1tWl Pfl'q. 'l.Ih' .. \.ad iii'"
~. _ __.Jf....lIfl ttW't.. . _.......... (_ _..,-.............. .
..SO ~8lf. wet .. 1lhhlIl. ttWlll .... 0'" .... U"''''etn. t'[1Iq. ,'t'PlO ...
. .
.) .....01. .. ~ flt\..... .1ft pt'Pie qo.. 0\ ..... ..ftMI .,.. as~
..,m. .. ...... -"'4-. .loot... l' ..~,. M('t'" 11ft TlIdlD
. - .. I . .
"C't,J.'~ IIM\ .. """'-Clq'.. .. ........... ... .. Ul .... 4Jq1 hl
_hM.M:t.t1 .ltt ....,......... 'P'" .I:n w.o.Q....., 1Wf\'fUN :tq\ ..
.........,...,.nIltft. '1M "'- .. IIO\I,J ......., .. JO ..".... ~ .,~..
...,... ,,,..~ hp.'P'tt1il:t' ~.", etft ... 'P'Ut(o 1iI-- J.o ..n.... _ ~1l.
~ul_ ....." ,0 .......~o .. SO un.........' ,... ~It tttt48
-ttea*tIJ'8\.atHfl8 ~l I'IJ/ H\JU<4 ~ 8'11 ""'....... .req .10 ''Pi IalA.. vtlltO
qGl\'SO UOftH"pe .. ~". ......~ ..., .I., lIlIO.Q-...Q' -0Ul aq, .tydde
tplq. Nt""" ....'__dl em JO ...".... .'" 0\ .lo,:.td &1.fOCl Ph !utA n
~ ...... -. .'Te(l1- ftlqo . ... .....WOOU. "'.., t~ ... Ol ..,
.mq. lit-. ~ ..... ., 01... bid Ph .:to;
..~ nflllil. ...__. ~ ........ 11'" ,. -ntlHQ etC' ..~. ut~fl.,ftCl JuliAn
,
~ ..... ,'" tl'ftOO 10' ..~. If 0' MlfNtt- '-'''' twabt ... fI\ .,
.......nl'HI IUfAlt va", n'Jl.to
r
I.
Ii
I
I
r
'f II
I -- .~....,....- t.,..1.rf4 S....~ Au "'Ii .t....~) ""_neuoo II
i -w .,.;~ t1Mlt~ otl\ _.~.. n.qa ........ It't\ ... ..'ftlO1 btfIB Ii
l' II
I.... .~ ..., :8 404'.... .. S. __ .. .litOlII'I\ .;.. J~\ ..od.nd*f\." II
I h
r .ll l:JO"K-tt6iw on . po JON.~ tlq.... '" 'Pt:!.. "Ned. ""...,. ... jO' 1(Owa 'I
I fJil 'J.~. .e lMl.u:y.rti .... lMIOOUJ 'Ii'" ~dd. .I. Md ~ ....t(\Mf.a .U"......., 0\ I:
I Ii
'UO'hNft.... ..u__-- ,1ft -toa N.1tq ~ H\-Q\ ....~Ol'l lIIq1; .ac.... t(O'mI1e Ii
I!
III --,.,,,. ~u .... ..~trJ- "'-11'118 ~ .t'tftO JIb. S. tMl\Nd.ill.r"l il
"
i!
I II
I II
II
II
38 ....1 en ~ ... tift. .uao .ftd 11ft. ....,,-. tt.. Mt*'''' lMI\ PM' u~
---,. -. unGlO ,.,ft'PC* .....If.. 0\ ""ltOe'tVt \oMd t......... 0\ ..,
.~n -ift 0"'1 11$l....t '-' v~
.....'. ....noo J$ PUtCo q.. ..101"'. t-. .. ,. h14n u.... ~. '. uTtOO
J. P'r:Pt."........., ,. ~... It"" ~O\.l (I....... (W) -lalA_fl.
r
I
I
I
II
'II
II
II
L
II
II
.I
II
II
II
II
I
I
I
I
..
t
\e ... ,. J'H8l1Wll ~ ... tnn ..... ._ *14 .. tie ,.,. .. ~
tbtnC'n!l to ..... ... ... 1Id~lM ... ... -u. .,~ .. ... .t ~ nan '
/ - .-. <c,,
... .... .... .....14 .'.1Ri8& *' ... ., ~ ,.... .bIll...._........
I '
eM 4t.svt___ "- bl2.Un .. ..14 Sa ,,'for.\lOb 0"U4 _ .. ftM...""
..,..~. 4\.., __.... .............. ... u. .,...... .u. .-n .,....
.'
... It.! *"" ,... \U ...... a.u .., ...... ..... ....v.t.... to .r ..... ..
,.<
-- .1IpIlOd.......................,.,.... ~ .t......~ aU..
part.ot _. ~ MM ., ..... ... u. ... v... .. -. ....... lit ""
ctJ.a.nt.l.oa ..n' ..~. .1blt..... ....11 ...... ..... "'."'lOa .. ...
___ 1.I'n.....,.. ot .. ftW ..... of ..... .... ~;~....... ......
..U.......... ...a.'y'Iif'nQ'" wbn1lv....... ....,.,...,...
. .
d1tt41....U.. ... a.ppUta~cm.' .., "'.. .. ... _'*' W'''' w ...-.
... ... la, ,.,... ... ...... u.ol'Mt. " J
III .. ~ ot.. ...fib .t nth tld1d ...10.1' to ..,~ tM... '
or 'b1J1:r ,..... .. 'Wp08 ..ob _13"'~ "'\11 ~ ._. .-11 ....,... t"
.,.,. "'I' ... Jlll'lDOlpa1 .rn. pan a. u._ ......W .w bb or ~. lawN
10....0 \MIl. Una".. it -.,. ..11 .. _lawN p.. ot bf.a..,..t:i... ..,
linn, \hlan W "' lwM 1... of ~ 'If'. ..... .... 1".... au M~!..
AnJ'tblq beN1...,.... eon\aiaet \0, it. ....,., _W1.~ ..
'"'''"- 01"'__"'0 a. .. .... ..q" ...u un tal, pr1D_ptlor ... .... to
,., aU '\I'aU.r... 1aIaw1... .....01_ ......~ aDd ..... .... tMfl 1.... ...
/ \. '
II
!
I
.....a.. by .. sa.. ., .,. l.lr4to1S aM" .It .bla'1ta .. lJI' tM __8_.
I
of l""" "'1'...14- by ........ Of .. Ilt._ .1* ....__ UtI~ ot ...18.
Lo.. _Ra. 1.. to,..' or lb' t.ru~ ..... ......\01...... Wlth 11\"-,, ..
penal", \MInO.a 11 u.t to..,. _teD\ ,~t _.1'1 U .., pro-d.lII1M 'fer tob ,~_
I ol.\iOh 1lu.. .... 1a\U'N\ ... PfM1tr ma .. ..~ .''\a..:.",
I
I &n4 Bel_ LnU. ..... ...... t.MS.l" .....,.."... W1U. ... .-.u ..... ,..... too
II
I
II
OOllpl'OIId... .. a. .n Rob.... 'n.. WNW. Ol'" ___. .. \. ~A" .., ...
. J I
..... .~... ... .....- .1tbv (1). to Uq,wS..... ... Jli1'Uo1,.:&. _Obi
....nu.. .. .. or ,,\ 18 \hell' 01' Us ..... .......... NU ~ ..
pq alll" ....b ... ... "":~" ..... .-,..3.\7 (.M b neb ....,. ..l'!illll. h -'1'
to pl"lIIpel' ........Urm tor '" flu.. 1Il.ut .....nU", or .. ....... ..
I,
II
II
....,........ ~. .... .... J. -tu An .. ut ... ........
..... ....... -... U'J .... 4IU .1. ., ... ... .,_ ... ....
.-..tiN .... ..... ~......... _~=..,. .........
Mt....... ". "................... ~__ ... ." .' . *".. pnft.t
.....~ .... ........."... .1ft ......." "t.
.,........ M'ft1M_.. "'" .Ift'..-n
.......;~t1J........ ...... ~ .. ,....., ..1\..........*1, ........ ... 11'. po
. .
.~....... ..~......,.......,U ...,... Dl'~~'" ltatl*te
.J~ ~.. .....~lM... .6 ,tM( -n 1ft ,......ut .... '(lldl.U'f.,Jd
, ,
..-..... ~.... ';1-'" .. fI\'" ........ t1'*l.........,... .~
\ " :,1 ,/
,,~--. 41"""" ~.... ...... --1tfl*C1t ... ,.... .... tll\
' ~ . .
. ,.~ \-
-. P'Ptl .. au"'''''~VI't' "1f ..., '1Ui ."ft 10 \$A'" .'flIIeOHquedtt.eaq,
. ,\ ' .'., ,
..... "' ... ".-. It*t.jt....... .. 11 -l\..... -n "1 llh lIII'J' ..
I ", 1
"'- ;' --"
,.""'~ ~ 0\ ........."....... ...- ..........~,. .....r
.uo"ft'Pll
......., 'I.' ....1&.-....... Vl ,......p1 nA.....wqa.~ . 'I."",,*, ... ....,
. ;
-.......... .. .... - ... .......... .. - -" ... .. -- "'" .... II
I
,I
II
!I
II
I!
Ii
ji.
i!
'I
I.
Ii
Ii
I,
11
II
If
Ii
n.
1'1
II
,I
\1
r
II
II
11
I'
II
".. -- ,. u,"'..........., Iq\ bel .,. '-tn- ,.. '......\If ,.. .... 'IOU 10
,-_..~.J. ...".o~ lJlU'" "0 ~"'" nliJtn<<l .... ,....~ ptl9
i ..... \18" ,t,_ ... n...." .. IIU.~ ........ ~., 1IOt\M'tp e'EN It\1
I .. ""M(' ul ~~ .q .- .... -. I- _ft4\". .....1a..I\ au "C".zo..~ 6\
~. .
l'4ot80 Cia l11\1li .. ,. ,...... ..... J. ..,...... .. ...... .. lUlu.....' iIo.Q
I ....-..- - to .. "';t "'" .. ...- .. ~ "" _ .....
I UI~) ~'tt... .,....,...... 8\1"~' fil \y.ao" __........
qo... 4''' MY...'P"" ... "......... n IWal\wp'J1\lttt ...... 'leu 0\ .ft. ~.. oJ....
I ... 0\ SptItlJ lilt ..... Ml Cl\ ...,.. .. 4t1NtIlt ... ,ear..., '" .....qOtUI
I '~
I .., .'~ Iq. 0\ ~ .. .. ...... qa. $0 ...... .... Gl\IlIIl'", "n~
~ .....~.. J!'[a, ..... .I, _...~ .I, ......... .... 1- 'lA1tJVJI
I
I .. fll> ... lMl ... .... .... ..... .'1M't .'PH .I. .-..s tIIf\ ZI ....".. lJq\
I ,.. ...,..11\.......... .I.' .to "O\~...... ~ &l(\ ;r.'U8lat(q"(Cl.... .I.
I , .
I~' MA ..1-'~ .l\~b '"''''.,..... At'll'.taq'Jo ""ON.tn .r.o'UJo
~t'l'n.Uff..lta' ..~'O ...0 "'.to ... 40 \.mo. .10 .'..Vl..... ., (.) JO 11 a.Utt\
I '
i .- '4il..... .. -- C,) ~. (1(1~llltft UOltflUIUUOO UT ttol111UojUl '[tI\\....tdcm.
Ii "
\
.,
j ~
I p,
I ,\
~
I
I
II
il
II
Ii
II
I
I
I
I
I
II
"
li
II
11
II
i
. t. to..u.... "\H.. pOl'" ... -..... et.M .,.... ". ...
OJ' .. ....,." or ~ tv..." ., ..~ .. ....... tu.. --.
...... aJ9'. ..." ~ ... to...., .... ta ........, ..
of 11M t....... 184__ ..tN... 1.tA...... '" .. ..,.,...
\Ilmtt.o .,. ~ ... * ....... .r .. ._ ........ ., ...,.
~_.,... ,.,... .., ......1a ......, ..,.. .. .,.
........... ot\. tal.. ,......, I
,. ,. s..wn .. ...." ....... '- .~ . .....
~_ of ... ......... WlutIW .. ..~ .... u.._.. .
..... .... .......... .~.. .......a...... ." ......' ...
.... ... ~ ..... .......... ~W' ......
ot ttmt....u .. ..' ............ ........... ., '" 01' ..
... ot oftI'\w iIlnn ..\ ,..,
. .. 'l'l .30.. 1a ome.t. '" .. -.._ .. ..... w...... ........'
.......1uU... .......... ..... ....ltA&UiIa ............ _....
HlftlOll nuJ.....' _ht.. ... .\he.. .......100 ...s'1Itit p1-.
_ _"OIl ~..... .. la ......... \lWMWl\1l .. " ....., to.
faT ....., .~ ~. Plft... ~. OJ' ..~ .........
"...,....'100 ... ...tola..., '" .,..U ., .... ,........ wl"-b..,
pn-.U......tu-t..,tu .. IWlor"".., ,........ .at...
.,..,1_17 ,....,. ,"",".-.s ... ..... .. ",..t. .t .. tlI .......
.. ...,..... \Ua. .1IIt "'. . ,.,...,.. . .......... ". 1m. _. .Ub. ........, '. .. ..
ROh ~"'_ . .. .M ....1" ,...,... ..... ... .~
......"'_ ....qM1..... .... ....W.UOD ,-"",'1. a...
HlU10Jl 1'lNI4J"'" ........ 01".-. .......u.. .,....1'...
"- .~. h . ..theria.. lay 1&. .r .., :H1.." ""'" _ _ U.........
.., 01' tr'uI\ hIIilIe J ' "
s. ........... aU ..........1.. ."',.e ........ __ ~
riP'" of ......'U .,.... pQ'tI1o!q ... M'f' Pcb ,.,.... ...
_ ....t. paul.. 418""_"" or o\Ml'de...\h ...............
.... to 1'...."' .... ~ Qtoh *1' .. ~ .. ... ....1_
or ...... ri.* .~ 0.. U' * .... 1. fit .. .IN. Sa Whloll
.... .,. A\l~" lJ;r.. 1.Itw. .. nl. ., t4fwt to u......,.
....\ r-..
6. 7. _... .., e._ ..... ... .-1Ihv ",pen, Wh." or
an of * ... IdM &\..,. \$.a. be14 W toM_ ~ " ...
...."'..._ 1a *11' .. .... AI tl'U,"" or 1fa tM ..... ., tbtll'
....... .. ........ ___ ........ of \hi Va'" .. W' ...
.... Me, tb.. ~ .. to ~.w ,.., _. or .. 1*"
tbenot 18 '_h ....uti. al to pull _ ..u'f'IN'TJ .
1. T.,., all.......,.,. ... ,...,.. ... ...... ....... .... '
...... Sa ...... __ "' ..,....... Q4'. ....'Qt.,'"""
UU ~t .. 'Qiltlul_lT ",d.~ Go'_ '*' p. .....
.t lub tt~ ...U be -*'PI to prlIlo1pa1 ... in....
e. .~.. .....'"U.. .t\ u.lU4I. .~~-...,,-.U
__ or .r.. ~....... la,...... ~ ~... .......
tal. Jo1a' .1........ ... ........"".., ....... '-""':S-a.r
pre",,,,,, of ... .,. na1 . ~ '0 tw a. t. .. IV'fl"'"
t.IJIU," .ar .... ........ ed ,. ~... IU vW' put .f
.'lob .'tua4I to.._.1' .. .. .. 810&10 ~"J ..
. '
.. Ia 41.__,,-, .. ~pG M"'~ \0 ,.....,.:11' ..
"""'"'. .... ......... Sa 1WId.' P la. lIiIlOIl _. ..,o....~.... _.... ... .' ...... .... '.
1& .... ,. .......' .t .. ...__ OJ' __.. u tile ....- "._
at u .. ~_ ...., ... ,. ~ .... aU9.... \0 ..
pIlrMftIM 1M Ml._ ot ... ~ .. .UM"ed to . l4mtq ..-
0..1",1"* .
i
I
I
I
I
I
I
II
II
II
I
I
i
I
thI ~. .. ,..,.~. .. ...,.... \tuft.... .,. ,.......CIUJ. _ .let --"J1.
I ... .,.An........ -~'t"(1lq. h\n.q ~""'" -u.'~'l
I ..,........ .. '",.......'" ....-... .q n.. ..~ qo\Ul.~
~ ....... .........,. ~1Ut ~ " """"1n.I\ ...,.'f.IQH... ....n&Nd Al.
I iJO ~... .., OI'P .. ,..... am J. ...."... 41ft. I....., f1q, 0\. ..01-- 1>1"
.... tuwtHp ~,,_ ......... ...VJ.... ......,. "UN ttv
........, '.,,*,-.*'" ... ,.... eq ttft(. .en...... t!0'aIt 1.8\.... '"" tP
~-... ,. -f\~ . ~ -nftlO8'''. lItiiIft -n..... ""0 t..,cl...
't~ "' J. ."'II4l-l\tJ'" " ~.i~"". n-t* ... -.,wq.. "lIet- 8tt\ 0\
~ .IIOMWl~'YP .. ,.,,, ... q.. .... III ~ "'.''PlP try
........1' .. ,. Pltftltoac "1'
......... 4tntJ. .....,. ",_H.. _nut .., '.."~ .lnAt_ ~... ...,.-..4
. . .. q;f""W... e.tnN *' ~. "0Mll*_ J. \<I'lli Aft..,.. '0. 0\ PN'tVlb
.. ."'..... ~l'[tlq. au -~ .. ,.. ,.~ .to .... _~ .tUIIfll1,1II8AUl
"" "n"PftO.. 1. ...0 ., -n"~ ~ eq t't'fIq..... ali''''''
,
... "lon. ...... ~fHId.... n- ul hl1'UJt ,.. .~..... qOlllil;1o
....... ".~ .. tNl n_ ....111 ". t'ldtWTotfl J. ~.N ul .t~'lMI. au",
.. SO l.~uM .. ....IM ....D eft, IfI'PIlIl{ ..... ,~ uwtp.tfml lien.
I
I
I
I
otl'flll -"leN11q\. qeu Of' (....... ~ J. ... ~ .......... .1(...to 1M{ u\a)' i
I
I
I
I
I'
I
II
p
II
Ii
Ii
II
Ii
Ii
Iff ....1*0* ~. .44,...., Mt\ ,.. .t0fl1la 'Ion. Jo'n:.l__. ai -ft.Oft,. .~Ul-
,........ -"otll JO.Il.I'aO' .h!t,. .. JO OAnlHNl1tUl1 -.....,.1> n... n .on....
. ,
....", ~~,.~. .'t "".. .rw.. qh. Ul __ J'.....q\...~.tn 10
.....,... IO,\otoddalf ~ i ,lot..... -""O"'~U'fliIIJ .", BiJ tu~. .n....
...u..... J. .............,.. .. U'" Joe;hllft '(t1t ".uon.:cOd ttrt P't'" ""itftUl'4
i. '-,,,__ ..
r - ... ... -- ..... ..... .. <<.- ':- - .... -...... \..tot .....J
I ~wn-. ~ ....... ... III'..... .. Glut ~ .... ..t. SOU6q\ UO"'lIt1ndd.
I- ..- 44'" ~ ..... ,11"' .. ue1\ dTt~~ .11ft "uq",. .lWflll. It'.. '0 t-,
I....... ~.I\.O ..... -- 1ut+.l4 ...... ttl'l ~ 40 .IOU'pI 'l{8U 10'UN'Id .. ~ .10
~."Ul~. ........ ~. II .af.ttltl. tIIlu ... JON-.r\ '(t1t ..to uo~ .. JO 'ltMlln
I ....__0.11\ hv.t.uu lMt\ pu-. il'Ou:pl ~-. Ul '4.... nwq. .... .~ .Jowpa 'w
IlMt~~~,,~~....od .......Pt''"- .q ..l&t,*o VC\\..u.~.d tIq.....~
I .\It ~.4.flUH.t~ '-.1_0_ ~ Cl\ POt,,,. ..,od ..cu. J! itt\Aol. .
I
I
I
'I
I
,
I
Ii
II
!I
11
I,
ii
Ii
II
Ii
II
I
I
I
I
fl
I'
I
I
I
.....~l ..... ... ."'_lI'. VU'" or ~'~""WQ 0.. ..Oftlm' I
~. .UO NIU~oaal,".," edtU.'u.1 -.... ......... --. .. I
.........1' ...... too...... \tilt __ JiIIt!Il'Itft ~rlt4.. N)!d. .~... *1lalQ.!
~a"" to... ansa., fn>>a ..at .14._ .... .....lu11J'.~.... I
1a41~ '"... ....1a 1nol1l41~1 1d.\hftt,UalMt4... '" ......~..11
,. ,......I1ft\ """"' 1ltN lU"\lole Ik'~" '" ...~ ..."..-.u
\Il"~. tv u ........, ~ '" ....... ...., .....u .. ....
.ppot.ll\M' .. ."...... ..u. ct....
b,f' ..,1\1...1.1 ...... ... ......... --... ....1QII4... .. ltfJ ..
..,..._.. .......,...w ... ... ..-.u- .... 0-''' ot.... "'1"8'" 91' . _\uN
~..._ ....141.. .ttl1a OJ' wi. \lit"' h $_.... ., ... ".....,.
AU ot \hit ,.,.H .,,~U.. .. 41..,.\&... ..._.. ,......nlalllo
or 41rJt1Jut\ tna * ollt.. of ........ ., " .....1NIA 1r tIlWe an .....
two lJt u,y two of * Vuw.a lNa \1_ W \18 ..u.a, be....... ....~ ..
,....... .. an 11w. .........", 110 \be ....,..,.te VaPM.
'1l\4l "" '"''" "'Aft.. "a" ~ eMU ..... * --. ..
tn,... ta. \1_ to t4_ ..... _ft__ ..,,~.... AT .. .. IIlON .. .. I
j
oriS:Lnal \i'Q," 02' .. .-.klt.,~ ..... OJ' .. .u..... t.l'UMI. \
~ h....iahtoN ooM4a1.Qed W to_ ..tIVT aotlri.tba.-u. .
fIol.en 1.cNl.. ...... II!bJU ..... .. l'lpt. .,. rill \9 .,"la" a .M...... ..--I
.... hwtelt... '1:la~1 Ita.... tll. I"1Cbt. ..... pmillU\Od'r - to 4.~--+
PftI':lV U ..,. euh ~.._.... uuai.. ebaU 11". ! \ \
_ ,....011 aatunl OJ' .~U, aoM..Dc .t . tn.lItlM, _the.. lIIQlIMI
~I.A '01" appobtA4 .. lurnt.na..... pro~ ,ball ..... -.. rklrto .. ........ ..,
_ lnet.nJMI.' ,in 'WI'1Uac ..cm....cmd aoktmrlMl_" U \hen " an "'$.-
'-tonal tI"UMe 1'1'" w1\b 5.8h 44dl\load Wu,".
, lJevo\bt .. annto.. bll.l.... nJlneQr .....nee UII ~k1ne ,the. I,
ncbt. at .. U. _ boa \1N to .\f..aetlr .. s.u\nlaOnt. 1a u1\bIc .1pH ~
aokaoWleclclKl tv ~ .. tilM -ith 'he WU""', (01' wttb _ (101'1'01"4'. tn.,",
111 \he ...-.n\ tbat. 1h1- to... .... 1. U'. d..) to rove.' "14. ......... \
_nll ta. tna.... ....tq ,,.," _. W ..... ,......1_ OS ..h ~,.rt7 o...,s.~
ine . to ..ell tiM ..eapriM1pal Qt ,..., w1 't1\ ".lMo," ,. wtl101l pro,....
I'
I
I
,....... .IlMn. ,.. ....~ til!q '-l~'" .... JoDi. ~WU%A1!tt
.,~ 8M J' ......... .rt*" ISlUIl. .l,ttaq
-
........ .m J~ ."......, 'U'J htuwC' .flit .....,..." '11\_
...,.-. S. ","t .. Ie -wt ''ft .- ,..". ,... .....Dltu e\ .. Oet- ""4 uol't
~ .... .- .it- ,- ........ U...... ,....... '" .-.1rt..... ........... *l
tt- .if!.IJ ..flAN'I .,...... ...___ _ 'b ,.....ftJ . '"q nt\'llltt
.pu.as Iul
~. '-'tAI" ~ .. "",~ fit lMt ttwq..ImtOOltp .._ ....t-.i 'IOU" ~.
~"'''P001d "l&I~ .:r0 '.lirhueo a 118\'" ..bnA.... of""""" ,"-%.e\ttJ
- JIulA.q _.ad ..fin ~ llM..-to'dOo tt-.q. .. .MOd.iwJ. tty "es~n.t\
I "''''-P · JO 1ft""'.. ..o.~ ~ ... ..~ qa.. jo .'ftqa8'W IN.
i Mot... ~ttt..: " 8Cl ttwq. ~U1UI 1It(t......, ........" ,. ""tN " 't>>b tIIlq'
~ .let ,.....tllOWto.. .... ,....,. lanl.tll U1 '~lI1It _ Al-..:e.rilq.. -.out ...
. todlo_;o..... au tt ~etl...... .. _ ....~,..'.. ;. ...... .... ,.
""U..o.IIilN "('I'.t 8_.1CJ .~ '~ldyau lDw .. ",1'U'.l ,lult J. ,....... ~
I .,~.. -" .. WJ\ 1IO.IJ' ....-l\..,. ,. .:r--'. ~ .....n-.. ~b.tl .q,
1_'" 4__ -- - .. ,. --... .."'.. -.. ...-
I ,.~,- 10 :'..' *4\ " .u......Atffu "(9I.t '"" .to .........1ut~...
i ~ 40 ..,.ft.It\ .In JG ,,,.,. fIlq\ -uel...flIrJt ,~U '__1I
I, .1cIlt,. Ul ~*"'..... .,..... II\t .:ro .tle1:i\'Ulftta
I ... "WI ~.o eq, ...e\~ .. ~ .eq, J. .."'"'Pt'.....'" ... ..l'''; .~
~""'Ul 'tt1Jlii8 uonVOV1JlOltl - ,....... ."U"t- ~_. Oil ,.'" ofU...-q lIIiJpfA
I ~ ,.ed.... U~ ,.... U1 ,...... .'f~ bw-,. ,... "*'T8.. 84l'.t...
I ........ ft'''' ~ ....ftoI'$ .." ~1il \WID Ph.~ At ,aJp(M'UJlO' pOil
I,
I "1't 8u"\lil& Ul ..-l\i.t1i~. u. lrt tlIIJ\ ., -,It. au.J l>thJ -t, .tUw, \1t \tlll"
I ... ..~.... .....fiOJ: "tw ... f fAit...... ,.,... ~1tt!l.I\ Dlt\ PUll ,u..'-d.
I
i ~ ....S ..........W... eu.:conN\ltlutil", :I. ~X. &qi& ~ -.q .blll
I we. *" .. "'~ ..0 ...... .q, 10 U$U"U8dul. .tn J. 'llllllllC>4id lMf\ 40J
f
I .,. Uhq .WIt -ltt4o.td "...,. p'P8UeJ. II' peJ(uu h<<t U1/tI n-eq. ,.. ttb"lI
I
,
i
i
i
'I
II
I
I
I
II
I
I
II
II
I,
II
II
I,
II
i
I
I
I
.1
II
--- ...., ant pe. fu.., -.". V1tt..~...,~...,.
')'1 ~
'i'
t
)
II
!I
II
il
II
!,
"
II
I:
I'
,I
Ii
II
Ii
II
,/
il
i.;
..
'j
!I
. il
'I
II
II
'I
II
II
I,
'I
II
II
II
I,
II
I'
,
I
,
i
If
II
i!
II
II
II
"
4 ,...,.
2.1. ~._
A....... ........
~' ""\
','""
.'\
\\
\
""~..,
I
.&.) /
~'j
I
I
I
I
/
""'-..,'."1
'" ~--.,
.t ., 1-1II4.r=f .... .", lI_
Pl......,. ..., .... ..., "II ~"'.....
~~" ~ ,. '. ...,... ___"Up,. -....
.f....... .. *'....., ... *l'4 .......
....... 1ft ........ VI "UO'J\tioct"oo ,,". .1. ",.p pn. '" ~-lOA
pt. ,..,.jIh .... .",-~.,q ".J ,.. ft '..... "a lItIot Pl"..lA(
n...,.. ,.d1'. ~ fl- 1IQ td'r1J1t ......., .. flII';tI 1ft. ~.......
... -T. \8IIM\ftI ""* 0' .-U11t ~ Ill\ f.Ilht hiOnuoct.aot Pl.. JO t... "'*
o ..... .~.. t't'U> \U>>ItOdap '''''' f~o. P'J.~ SO .I~-":" JO p,rwoq aq,
I. .l'411t..... ..tltClOitd . .At .,.1J..*t,. Ata, Qoeq.nq t,~.r.a:r a-m 1- 1Uf.-
."n:-.. ~.."nWu 8lft -_ t-1t_Odotoo...... ,. ......,....4 ..,~ .ft,. ill
oJ! -\blOt \llt\ f,~Uf~'Pl ..- '"" .'" .~ .If\ UO'All\""1 dlUl
- --... MU,. 10 .......,.., ..,.*l'f, ttn at eq "..,. "UOl'O"Q8t1W .. Ol JOo.m
.Pft .UIil~.~., ''1\- tfJtI lie u..lOU .t[ftp .. ..tq tu'Stet 'oq. .uIu1p.r.. ".pe,q
.. .cn-U. 'au..co,.. ~.'- .""Gft.l!Uu pt. )UlICfIlY Ilq!f. fiI~
"04M.I *"ft. UJ .....dq So .fit" tft9 .... 041 ,__ '....eq~ n ~
( DfM'! 40 .ulf11(iO .
..,. s
(lJiV!U' ill!. lO~nJ. e
CPt f J. .. ..~ .,.....0 lJt
.r .If PJ on~ ",,",01
~:a .~ .Ml~
... =, tnJilt
I
~
Ii
"
II
H
II
II
I!
II
I-
fl
n
r
",.....Id_ .'r"~" ...Cld..tM pu. .... _ .to, ',.., l>'W _/
.-t.... ~-- *1'f" - ... -ltOP .... --- '-. .. ..... ~-... Ii
1M'( fift.... Ph '..10...", .'"tI~_1lI .~ ~ ",. ....ru I 110_ 01 'l~. II
~t U'f'l"!jM'l:il ul ....,.Ul'il ~lilNt att\' ., '."J-8n.. eft I 'eqa .~.l't .1iI U'Jtooi:
....Md. ~..rod '....ta... olfl '-NOJ'~ ;.t'UU ~ ~ ~irm )lUV811Dql ."1.1
.1. _.
"I
lout) au.__ .UJ a:..~.S I. AW, 11', .l~ uo "wet, ',.....1I ~l oa II
1 Ii
I ( J~~I At; l.t.QOO Ii
Il
I . ... . !I
i { 1I~ 1.111. AO tJ.lltS II
I Ii
I ~ I
,~~~~ I
....--. U1.N~ ....~ ,.. .... .. .I0J."" pow \0.
.l.rW4Ut\to& aq ...... ~\ ~ft.. '** ~ t"'t* aq. ....q4 ,.8pjtAWU"'1r
II ......... \'1U. 'souotn *'u...... .. IifMU1( .,a '..IV I "\fA t4 "~.UI
~tA.~ ell peU01.... ....ft.I1. am 8' '..u-n- we I 'e..- ... 8tJ11l., U/ijlq
~
wi
ASSIGNMENT
On this
tJt.,
/3 day of
~ IVe..
, 1978
the undersigned, VALLEY NATIONAL BANK OF ARIZONA, as Trustee
under living trust dated the 20th day of May, 1971, fA392,
with Zoe B. Carver as Trustor, does hereby assign to THE
HOWARD SAVINGS BANK, 80 Main Street, West Orange, New
Jersey, as successor Trustee under living trust dated the
.20th day of May, 1971 with Zoe B. Carver as Trustor, of
Trust B thereunder for the benefit of Helen Louise McRae
and her husband, Colin W. McRae, under Article VII, all
of the assignor's right, title and interest in and to the
following oil and gas interests and all operating agreements
between Zoe B. Carver and Resources Investment Corporation
covering said interests as set forth in Assignment dated
October 5, 1971 executed by Zoe B. Carver:
(1) Campbell County, wyoming, Macpet Federal H23-23 ~
Well 1-1/2% by R. I. C. (Resources Investment Corp. r;.. ,_
1-.. -.
(2) Kahm fl, McCone County, Montana, 1-1/2% by R. I. C. 1.-:"
(3) Perkins Estate Lease, wichita County, Texas, 6.665%vI., -
Working Interest by R. I. C.
(4) Hayslett Unit U, Ashtabula County, Ohio, 5% Working-'. .
Interest by R. I. C.
(6)
Hamilton 11 Union District, Kanawaha County, West J
Virginia, 1% Working Interest by Conley and Associates. :;', .
Welker 11, Canton Township, Stark County, Ohio 1/64th <tr,
of 27/32nds of 7/8th Working Interest by G. D. C.
(Grace,-iyelopment Corp.)
(5)
(7)
Ohio, 1/64th Working
/1-1 ~ ro'
t_l,
'-"'__9 _.' .' . _'~"~"_""'---"'-'____""'-._"'~~___...---.-....._............__
.'. j. .,.-....' ..
.~, .',
:-, A~ -.~.
.... '.
... .~.,., _.
.. !l~._"-'.
~...,-.,
...'of ~~,..'-..:~.?'. ~"..-. . .
.' ..'.. .~.~~ 'L~': i'-.j :~1 ~.i'~~~'.:"J,~_~._:~~~~~ -~j~.:r~~" ~ .:--....,. J'. ~ .....
- Z -
~%
0861 '5 aunr SaJidX3 UO!SSlwwo:) .<W
:sa~ldx~ uOlsslwmo~ AW
.ua~~l~~ aAoqe ~S~l} a~eol}l~~ao
sl~ ul ~eaA pue Aep aq~ Teas TelOl}}O Am paxl}}e pue
pueq Am ~as o~una~aq aAeq I '40~~HM SS~~IM NI
.~aoll}O qons se
lTasmlq Aq ~ueq aq~ }O ameu aq~ DUIUDIs Aq 'pa~e~s uoa~aq~
A~loedeo aq~ ul passa~dxa ula~aq~ uOI~e~aPlsuoo pue sasod~nd
aq~ ~O} ATI~e~unTOA pue ATaa~} ~uamn~~sul DUIODa~O} aq~
pa~aAITap pue pa~noaxa '~uamn~~sul aq~ }O s~ua~uoo aq~ }O
pa~o}ul DUlaq pue 'Op O~ os pazl~oq~ne DUlaq I~aol}}o qons
se aq ~eq~ paDpaT~ou~oe oq~ pue 'aa~sn~~ 'VNOZI~V 40 ~NVa
~NOI~VN ^a~~VA aq~ }O ~aol}}o pa~oaTa ^lnpAe aq o~ (uaAo~d
ATI~0~6e}SI~eS ~o) am o~ u~ou~ I r~scV''I'' r .;> 9".'/./7'.---# pa~eadde
ATTeuos~ad 'U~O~S pue BauoLss.mmoo ATnp 'a~'€~s PIes }O
onqnd A~e~oN e I '7. t'J 0 ~ 15;.'7 . IV tY d I I am a~o}a.:t
'SLGI ' -a (V h r }O Aep }/?-fY aq::f" slq~ uo
~ ( edool~ew JO A~uno~
.ss (
( VNOZI~V 40 ~~V~S
VNOZI~V 40 ~NVa ~VNOI~VN ^~~A
aq~ JO sp~ooa~ ~apun aa~sn~~
'uoI~eloosse DUl~ueq TeuoI~eu e
'VNOZI~V 40 ~NVa ~NOI~VN ^~~~VA
.eubzpv ' A~l~ uns ~e 'Sl.GI ' 0. (\I 7 JO Aep pq-f'1
slq~ 'pazl~oq~ne ATnp o~una~aq~ DUlaq Aaq~ 's~aOI}10
:~sa~~v
~ado~d S~l Aq VNOZI~V 40 ~NVa ~VNOI~VN ^~~~A PIes aq~
JO Teas uOI~e~od~oo aq~ paxIJJe pue ameu s~l paql~osqns
o~una~aq seq ~o~ue~~ PIes aq~ '40~aHM SS~N~IM NI
,""
_.;;1
AGREE~ffiNT FOR RESIGNATION OF TRUSTEE
AND
SUBSTITUTION OF SUCCESSOR TRUSTEE
FOR
TRUST AGREEMENT ,OF ZOE B. CARVER
DATED MAY 20, 1971
THI S AGREEUENT DATED: 6=-;;;;""",,-,(...-" J / /9? J
BETWEEN
VALLEY NATIONAL BANK OF ARIZONA, a
National Banking Association, herein~fter
referred to as "Resigning Trustee"
AND
THE HOWARD SAVINGS BAr'IK, a banking
Corporation of the State of New Jersey,
hereinafter referred to as "Successor
Trustee"
For and in consideration of the mutual covenants expressed
herein:
WIT N E SSE T H TH A T:
1) The Valley National Bank of Arizona hereby agrees to
resign as Trustee under Trust Agreement made by Zoe B. Carver on
May 20, 1971 for Trust B as established by Article 7 under Second
Amendment to Trust Agreement dated July 13, 1972 for the benefit of
Helen Louise McRae and Colin W. McRae.
2) The Howard Savings Bank. with its principal office in
Newark, New Jersey, hereby agrees to become the Successor Trustee of
the said Trust B for the benefit of Helen Louise ~1cRae and Colin W.
McRae.
3) The Howard Savings Bank ,as Successor Corporate Trustee,
has been selected by Helen Louise McRae and Colin W. McRae pursuant
to Article 3.07 of the Trust Agreement dated May 20, '1971.
-z-
eq O:l ~ualllaa~gv sJlll pesnt/:> GAUt{ :l{Ut/a: s2UlAUS P.It/,I\OH 9li! pUll
llUOZ~~V IO ~Ull~ lvuol+BN A&ttVA at{+ ~dOau~HM SS~N~IM NI
o.laq paslla~apa.Id
oq~ pUllqsnt{ .lat{ .10 'pas~a~ap ~OU SJ It{,I\ .Io~sn~l at{+ JO a~ll+sa
eq~ IO s&uJP9a~o~d A.IlltIl~Ull uT :l{.IOX ~aN JO 9l11lsa Illa.I JO GIllS at{l
1Il0.I} &ullllo~ spaaJo~d uT .S9.l9:j:ul Ill'PU9uaq B apnI~uJ lOU In~ pUllt{
uo Sl9SS11 aq. JO antllAat{l oPUlll{ uo SlaSSlI 'HIl ]0 antllA 19:1{.lllW
al.{l uo panqa9} UO'PlilUJlIl.Ilill lUlilJ~9d Cn) auo II 8ulPnpUl aplllll
aq Ol Sa8~1ll.{~ .10 slualllaS.InqSIP ~UlS0tJ AUll A}I:lads 05tll lII~ pUll
':l{Ulla: s2UIAllS P.Ill~OH aq! o. palnql~lslP aq Ol PUllt{ UO SlaSSll aql JO
lualllallllS II 'Ola~at{l paxaUUll 9Allt{ 111~ lunoJ:>V PIllS aq! (9
o9131PN oM uno:) pUll all'li:lli aSIno'} ueIGH JO lSanba.I
al.{l l1l lilUOP uaaq Stll{ qJ"pr~ JO Ire 'aalSn.Il ~OSS3:>:ms aql ~ullllo:leq
:l{ulIg S&UJAllS P.Ill~OH aql Ol ZUlluasuoJ Sll pUB UOl.13uZISa.I sll qlT~
uOIl~auuo:> uT Al~tlqllJt AUll mO~J llUOZl.IV JO y'Ullg IlluoTlllN A9IIllA aql
A~n:U1Ilapulpu'a aSllaIa~ AIIll:llJl::>ads HllqS pUll 'lHllsn.Il n )[UllE[ s8UIA13S
P.lll~OH aq,L 10 uOllnlllsqns al.{l JO aAo.Iddll OS III tt'fll{s 's'8)[sn1'lUlt'8)f
9'8~:>WQsln01 A:lU'8N puw 91lH~W s1318noQ Ul10J 'G'8~~W oM uTIoJ 'ellH::>W
as!n01 uaI9H Aq paul31S aq Ol luno:J;JV 9l{l }O I'8AO.lddtl 91{,L (5
o S.GSSl1 PI'8S alll 10 +dla:>a~ s:n ;;0 a:rep aql.I9l]'8 pUll 1Il0~J
a9lsn~1 ~ossa:l:>ns aql aq 11'8qs :l[Ullg sguIA'8S P~ll~OH al.{L PUl? eAIl::>aJJG
aq tIuqs aalsn.l,L 2ulu~!Se~ ~1{+ JO uOllUUZISG.l 91{l 'aa+sn~,L .lossa:>::>ns
sq. Ol luno:>::>V slJ ul ql~oJ lSS in pUlll.{ UO Sl9SS13,3ululuwa.l 11'8
JO alillsn.I,L 2u!U~lSClH aq:l ..<.q A~aA Hap uodn pU1~ '~HllSn~.L BUIU21s3U alp
}O luno~:IV 9l.{l JO sall~'8d q:>ns 11'8'AQ TllAO~dd'8 uodn o:l[U'8g s8UIA'8S
P.IUMOH aq.L PU'8 s'8:l[snllulI'8X allH~W 9s~no1 A:>UllN 'a'8U:lW s'8t8noa ulIoJ
,oP-- ....._,_...-."~"'.,-_ ._.....--<'~""..w'~..",,"......,.......~
.....,_.....~".......-.-,....._~.'"
-"-<'-"".""--"~'._ 1.
, .~.
signed by their appropriate Corporate officers .nd their corporate
seals to be affixed thereto. In addition, this Agreement has been
specifically approved and consented to by Helen Louise McRae, Colin
W. McRae, Colin Douglas McRae and Nancy Louise HcRae Kalinauskas.
ATTEST:
VALLEY NATIONAL BANK OF ARIZONA
._~~
C" _~ ~.:::.. '..--. . -.. ,.....
by: ~ =\:~-:~ -:") ,:,".>Z:;;:':S~>",
"'-
ATTEST:
THE
SAVINGS BANK
-- .
__.._ ,';"^0~.KQ\{rc.H. .1\5S1S7.:.;;, T~:!:~-:):T;C,E.:
..Q
. CER:
APPROVED AND CONSENTED TO:
WITNESS:
()()~1.1 ~ ~o.ni\.Q.S
.fa' P . '" <::1)
.y ~ C>i ~~tl~ 47 Ie tZ...q.
Relen Lou1se McRae
~ \'1NJ .s
~WA'?i k7-U,:u '1]tC/?/"li. t-:;'P/~,(",<U/~jrL<O
1 aney OUl.se Mc ae a l.nauslt;as
-3-
.~ t
- 3 -
.,. ,..........-.~
.. ~ .....
~
.;......
SECOND AMEi'iDMENT
TO
REVOCABLE LIVING TRUST
BETWEEN ZOE B. CARVER AS TRUSTOR AND
THE VALLEY NATIONAL BANK OF ARI ZONA AS TRUSTEE
DA TED MAY 20, 1!J 71
\'/HEREAS, -ZOE B. CARVER, as "Trustor" and the
VALLEY NATIONAL BANK OF ARIZONA, as "Trustee" entered
into a Revocable Living Trust Agreement, uated the
20th day of May, 1971, and;
WHEREAS, the Trustor reserved thereunder the pow-
er to amend the Trust Agreement ,by written instructions
filed with the Trustee under section 1.01 of Article I
of said Revocable Living Trust Agreement, and;
WHEREAS, the Trustor does now desire tQ amend said
Agreement;
NOW THEREFORE, the Trustor does by this instrument
hereby amend the said Revocable Living Trust Agreement
by revoking the Trust Agreement dated September 3, 1970
in its entirety and by eliminatlrig Section 4.02 of Article
IV and all of Articles V, VI~ VII a~d VIlIof the ori-
ginal Agreement, and substituting .tlie' foi IQwing therefor.
4.02 Upon the. death ot the Trustor the Trustee
\~..,,~hall, subjec't to the provisions of ,Section 2. of
Article II of this Trust Agreciment~ hol~, administer and
-djstribute the remaining assets in the following'manncir:
A. The sum of Twenty Thousand (20,000)
~:l~~
such proportions, as the Trustee in its sole discre-
tion shall determine. The judgment of the Trustee
as to the propriety or amount of any su~h distribu-
tion shall be binding and conclusivc upon all persons
whomsoever. In making such determinations, the Trus-
tee shall'consider the welfare anJ wellbeing of CALVIN R.
CARVER and EMMA G. CARVER to be its firs,t consideration
and the needs of the other beneficiaries to be secon-
dary. Any net income not so paid or applied by the
Trustee during any Trust accounting year shall be ad-
ded to and become a part of the principal of such Trust.
5.02 If the distributions under the preced-
ing Section payable to or for the benefit of CALVIN R.
CARVER,EMtvIA G. CARVER and their issue, arc irisufficlent
to provide adequately for their health, eJuctitiqn and
support In reasonable comfort, the Trustee, in its sole
discretion (hav'ing in mind other funds known to it to
be available therefor), shall payor apply for such pur-
poses from the principal of Trust ^ such sums as It
sha'l.l determine in its sole discrct ion. In making
such determination, the Trustee shall co~sider the
welfare and wellbeing of CALVIN R. CARVER and Er>~IA G.
CARVER to be' its first consideration and the needs of
the other beneficiaries to be secondary.
5.03, CALVIN R. CARVER, may, from time to time
appoint such an amount or amounts, up to and including
all or the' principal and accrued income, ashe, in his
sole discretion, shall determine from the principal of
Trust ^ to or in Trust for such one or more or all of
- 5 -
- z -
'saxel a~uell~aqu! ~o D~n~~0 Aue
Aq pa~npa~ aq lOU I11:lIS l;n3 S1J.{l '~UA~IVJ'3 AmlVH JO
A~o.walU u"f ')[~OA 'J\\aN 'e~ellH '..{:nS~aAIUn Hau~oJ'aNn:I
INl~n1V alll Ol lSll~l Joo~uJ palnq'Pls1P aq Hells snno(J
(OOO'Ot) punsnoll1A:~~O:I ]0 .wnsall1 'J
'xel a~uell~allu"f ~o a~elsa Aue
iq ~a~npa~ sqlou [{eqs lJ18 s1q1 'asdel Tleqs +J18
s"f4+ 'aU"fA"fA~ns ua4l ua~PTlq~ ~o asnods ~aql1au ~uIAeai
p'asea~ap aq uoql netl~ NV~nHIg . I ~VNI3 n 'a){11e a~e4s
pue a~eqs 'NVD~Hg '1 ~VNla JO ua~PTlq~ BUIAIA~nsuaql
aql ol palnq!~lSIP Dq l1ells lJ!B slql 'BuIAIA~ns u~ql
asnods ou aUIAeaT 'pDs~a:Jap uatp s1 NVD~3\1 . 1 ~VNi:3 H
'asnods BUIAIA~ns sIt{ 0:). palnQlt151P aq lleqs lJ18 slql
'pasEa:Jap aq U,Hn nUtlsN\fD~Hg ',1 ~VNHI JI '~olsn~l ~oJ
lu-e1uno~~e pue'~nAllVJ 'g AllllVH 'puuqsnq alu1 s ..lOl
-sn~l ~oJ lueluno:J:JU .Iaw~oJpue p'ua!~J asoI:J ,e 'NVDllHg
. I' llVNI3 Ol lsn~l JO a~uJ palnql~ls!~ aq Heqs s~enoo
Cooo'ozl puesnoq1 AluaJ\\l JO .wns ;:nu'g
'XP.l D:Juell~aqul ~o alelsa Aue iq pa:Jnp
-a~ aq lOU l1e4s lJ!2 51111 'asdel TTuqs lJIB slql 'Bu!
-AIA~ns uaql ualPTlq:J ~o asnods ~aqllau BUIAeaI pasea:Jap
aq uaql lleqs 11HM01VJ UIAVa JI 'a){!le a~eqs pue a.leqs
'113M01VJ OIAVO JO ua~Pllq:J 3uIAIA.lnS uaql aql Ol pSlnql.l~sIP
aq lIeqs lJ18 slq:). 'aUIAIA~ns uaql asnods ou BUIAeal
pasea:JDp uaql 51 1TIM<I1VJ OIAVO H . asriod5 BUIAIA.lnS
SIll Ol palnql~lslP aq TIeqs lJIB sllll 'pa5ea:Jap aq uaql
HellS 113MG1VJGIAVO JI '~H,A~VJ '3 ^([~VH'pueq5nll 'alel
S,.lOlsn.ll alp JO aaAold.wa aw"p BUOT pue pua'pJ An.weJ e
'113M01VJ OIAVG Ol lsn.ll JO aD.lJ palnql~l51P aq Tleqs s.lelloG
accrued or undi~tributed but after paying or reserving
any amount required under the preceding Section of this
Articlet shall be distributed to such one or more or all
of his issue and their spouses and his own spouse (but
not to his estate, his creditors, the creditors of his
estate or to himself), free of all trusts created here-
under, in such amounts or pro.port ions anel in such law-
ful estates or interests, whether ahsolutely or in trust
as CALVIN R. CARVER may by his Last Will and Testament
specifically appoint.
5.07 Upon the death of the last to die of CALVIN
R. CARVER and Et-I1<IA G. CARVER, Trust ^ shall terminate
and the Trustee shall~ subject to the provisions of any
Section of this Article requiring any amounts to be ap-
pointed, paid or reserved, divide the remaining ,asSets
into equ~l shares, with one equal share established for
each living child of CALVIN R. CAIWER, and one equal share
establ ~shed for each deceased chi I d of 'CALVIN R. CARVER,
who leaves is.sue then surviving. Each equal share es-
tablished for a deceased child of CALVIN R. CARVER leav-
ing issue then surviving, shall be distribOted to such
issue upon the principle of representation. Each equal
share established for a living chi IdeE CALVINR. CARVER
shall be held as a separate trust, and shall be held,
administered and distribated as provided under Article
VI of this Second Amendment.
ARTICLE VI
Trusts for Children ofCAI.VIN R.. CARVER
(1.01 The Trustee shall apply and distribute.
- 7 -
'- 17 -
ul pUB S~UnOlUB tpns liT anssT ,qatp pue UHAUVJ ':l VW!~:I
'~Ell\UVJ 'c{ NIATv'J JO 1 Houaq atp ~O} ~o o~ V ~sn~J. wo.!} OIUO:'llI!
~ou oq~ JO qJnw os Aed ABW aa~sn~l 341 TO'S
V ~sn~J.
U3A~IVJ 'n VWWHPUB U3A11VJ "H NIA1VJ JO ~HauaH ~O:! ~sn~J.
A H1JIJ.lIV
'~uawpuawv ~sn~J. sTq.~ }O X
al~T~~V JO [0'01 uOT~~as ~apun q~~oJ ~as 5uOT1IPUO~ pUB
5W~O~ a4l Ol l~afqn5 ST lJl~ s14J. 'gleop 51~Olsn.1J.,a4~
JO alBp a4~ Ol .101~d paATa~uo~ .10 u~oq a.1aM oqMNOClV3d
'J NIA1VJ }O ua~pnl[::J u.eaw llt?qs ..ua~pnq~.. pU'll ..PHqJ..
sl1ual aql '0 lsn.11 JO sasod~nd ~ntl ~O:I ',..0 lsn~1.. S,'ll 01
pa~~aJa.I ~ol}BUTa.Ial[ pUB luawpuawv lsn.I1 sltP JO XI alJ
-11.IV .Iai)Un'papTAo~d 5t? 'ql'llap s.~Olsn.IJ. ciq~ JO a~'llp aql
le O::Jualslxa ul au oqM (C1HAUVJ 'g ,,\,C111VH 'pueqsnq alel
s ..IOlSn.IJ. ;)q~ JO u05plle~3) NOllV3:! 'J NIATVJ JO UO~pnl.p
aql JO lTJauaq aAllJall0~ aql .IOJ lsn.ll~aql.InJ uT Plaq ,
aq l1eqs 'SlJ13 pasder iUB !uTpnl~u1 '.IapU1BWa.I pU'll anp
-ISO.I '~SO.I olll JO (S/l) lllq!To-auO 'H'
'luawpuawv lsn~l ST1H JO X al~l~.IV:fo [0'01 uOTl~as ~'apun
ql.10:f las suol11pUOJ pUB SW.Ial aql Ol lJafqns 51 ~Jla
s1q1 'J ~sn~l PIBS .1aAO luawlUToddB :fo .1aMod pa11wTl aql
pas1::J.Ioxa AIPI1BA lOU seq NNIS ':I 13Nvr 11 'IlIA ol~
-Tl.1V JO SO'S UOIlJOS .Iapun papTAO.Id SB palnqT.IlSIP aq
IIBgS a.1e4s sT4l 'paSBOJap aq uoql lleqs NNIS ':I l3NVr
JI '..J lsn.I!.. se Ol pa.I.IaJa.I .Ia:nuuTa.Iaq pUB lUOW
-puowV sT4l JO IlIA OPH.IV ~apun papTAO.1d SB '(C13AllVJ
'3 ,,\,C111VH 'pueqsnq olel s..10lSn.IJ. aql JO .1a~q!nuppue.I!)
for his or her proper health, education and support in
reasonable comfort, or to acquire a home or enter a
business or profession, or for the proper health,
education and support in reasonable comfort of any
of their dependent children, the Trustee may in its
discretion, pay to or apply for sa tel child's benefit,
in addition to the income payments hereinabove pro-
.vided for him or her, such amounts from the principal
of such child's separat~.Trust as the Trustee may
from time to time deem necessary or advis~ble for
such child's use and benefit, taking into consider-
ation all.other income and liquid assets available
to such child of which the Trustee shall have know-
ledge. The judgment of the Trustee as to the pro-
priety or amount of any such encroachment .shall be
bindin~ and conclusive upon all persons whomsoever.
6.03 Upon subsequent division of each sep-
arate Trust, no adjustment shall be made to equalize
for any amounts previously expended from the principal
thereof to or for the benefit.of any of the depend-
ent children of a child of CALVIN R. CARVER.
6.04 If upon the death of a child, his or her
probate estate is not adequate for the purpose, the
Trustee may pay the expensei of'his or her last ili-
ness, funeral and bUrial from hi~orher separate Trust.
6.05 Upon the death of a child of CALVIN R.
CARVER, the entire amoUnt remaining in his or her sep-
arate Trust. including any income that fuay be accrued
o.r untlistrihuted but after paying or reserving any
amount required under the preceding Section of this
- 9-
ARTICLE VII
Trust for Benefit df HELEN LOUISE McRAE und COLIN W. McRAE
Tnis t B
7.01 The Trustee may pay so much of the net
income from Trust B, to or for th~ benefit of HELEN
LOUISE McRAE, COLIN W. McRAE and their issue in such
amounts and in such proportions, as the Trustee in its
sole discretion shall determine. The Judgment of the
Trustee as to the propriety or amount of any such dis-
tribution shall be binding and conclusive upon all per-
sons whomsoever. In making such ~Icterminations, the
Trustee shall consider. the welfare and wellbeing of
HELEN LOUISE McRAE and COLIN W. McRAE to be its first
consideration and the needs of thl' other beneficiaries
to be secondary. Any net income not so paid "dT ..applied
.by the TrUstee during any Trust Accountjng yea~ shall
be added to and hecome a part of the principal of such
Trust.
7.02 If the distributions under the preced-
ing'Section payable to or for the beneH t of HELEN LOUISE
McRAE, COLIN W. McRAE and their issue, are insufficient
to provide adequately for their" heal th, education and
support in reasonable comfort, thl' Trustee, iIi. its sol e
discretion (having in mind other Funds known to it to
be avail~ble therefor), shan payor apply for such pur-
poses from the principal of Trust B such sums as lt
shall determine in its sole discretion. In making
stich determinati.on, the Trustee shall consider the
wc1f<Jre and wellbeing of HELEN LOUISE McRAE and COLIN W.
McRAI; to he its first consideration and the needs of the
other hencriciarics to he second,iry.
- ii -
,
- 9 -
,1q AEIIl l~ln OtuO:>U"! Jiuu Ilulpnpu"[: 'y :}snl.J. P!I'lS II! 3u!
-U!P.IIl,U lunowu a.rpuo .:lIp 'UHA"tlVJ '~) \fWI'I:1 pUP. ~E1A~IVJ '~
NIA1V:) JOo"!p Ol :}SEI alp JO t.{leap ,nn llodn 90 'S
'V lSnJl 1Il0JJ IEIJllq pUE IEJaun} 'ssauTIl :}Slq ,("PHil
}O sasuadxa aq~ And AElIlaalSnJl aql 'asodlnd a~l JO}
<:llEnb<:lPll lOU S! O)'Elsa. ;).H?qOJd .I!<:lln 'mIAlIVJ '~ VI'II~:J . pUll
U:1AlIYJ 'lI NIA'JVJ JO slpuap aql uodn Jl SO'S
, ao:}sn.r.l:
alp Ol .paJ,1A1 lOP :JuqpM. uT lU<>wnJlsuT UE Aq spal1P
oS!M.laqlo lI:IAlI\f::l '~I NIA1V::l ssaIun pazlTtmba aq lIEqs
1I01l:>as llu1po:>a.rd olll Jopun AHJEds!p AUU lEql :}da:>xa
'~r:L\lIY::l 'U NIA1YJ JO on5S1 alp JO AUE JO l Hauaq Olp JO]
JO Ol JoaJ~4l l&dl~U~Jd aql 1Il0J] papuadxa AISnolAaJd
slunolUEAllll lOJ az! pmba .ol apEIIl oq Iluqs luallllsn~pn
ou 'y ~SnJl JO uOlsl.\IP luanbasqns uodn PO'S
'Japun<:lJoq
p<:l:}sa.I<:lllll s~oslJd lIE uodn <:lAlsnI:>uo:> PU'E 8uIPulq
aq 111M suo"!s1~JP q:>ns PU'E aa:}sn.rl aq:} JouoTJOJ:>
-SIP Olp u"! AToTo~ aq IITM 'JOAoMOq 'suo"!SI:>oP q:>ns
'SJoqlllolll Al1lliuJ 4J"!M uOllelInsuo:l ul luawluTodde JO
J<:lMod q:>ns oSI:>JOXO AEW aalSn.Il aql '<:l:>UBlSlSSE lno
-4lTM AlJadold sT4 JO aJE:> a~El pUE aBuuuw Ol AIJadoJd
oIqEun oq '.:lsnc:> lJqlO AUE JO pUll1l JO ssaU~EOM 'asEo
-SIP 'ailE PTO JO 1I0SE<:lJ Aq 'aalSnJl aql Ol paSSaJppE
'UEl:lTs,.(qd BUTpll,nlE AUE JO uOTuTdo uanpM. aql uT
'IIEqs lIJAHYJ 'lI NIA1YJ luoAa aql uI 'aaE JO SJEaA
(SZ) oAll-AlUaM.l lSEal lE aq IIEqs aauop 4:>ns lE41
'JOAOM04 'POP1AOJd ~aalsnJl aq} Ol paJoAl1ap 8UllIJM
liT lUatunllsuT ue Aq lsnJl 5T4l JO aOl] UOlPT!q:> ~14
- 8 -
spunJ 10 paau ul aq Uo-s~aJ iue JOJ Plnoqs UDJpl!q~ PIUS
]oiu~ 'DDlSnJ! <>ql ]0 uopaJ:>s1P pal Io.quo~un pUt:
alnlosqe aql ul 'oWll iu~ le 'J1 'g
'PT1q:> q:>ns }O aWllaJTI aql
.r.oJ sluaWnelsuI luoluaAuo:> .1aqlo Jo'ilqluow u1 lsn.1!
.1aq JO slq 1U0.1J ollio:>uI lau aql JO 118 PIlq:> q:>ns JO
llJouoq aql .10} iTJde .10 Ol ied .1al}eo.1aql 118qS oOl
- sn.1l aql '-S.1ea,{ (n) auo-iluaMl JO a:?e oql ~u1ul~:ne
Pl1lp q:>os uodn 'lSIl.1l ;:qe.1edass I PIPFl q:':>05 }O IedT:>
-U1.1d aql Ol pappe amp Ol aw"pIUO.1J pue aalSn.11 aql ,{q
paleInwn:>:>e aq II84s 'iue }1 'alUo:>ul lau aql }oa:>ue
-Ieq aq! 'a~palMou~ aAeq IIeqs aalSn.11aql q:>IqM JO
PIIq:> q:>ns 01 ~IqeITBAB slassepInbII ~ue alUo:>ul .1aqlo
lIe U01leJaplsuo:> olul ~uI~el 'PIIq:> q:>ns JO l.10JIU0:>
aTq~uosea.1 uI l.1oddns pu~ uOIl~:>npa 'qlIeaq .1ado.1d
alp .10] aIqesl^pe .10 i.1e-ssa:>au waap awp 01 aWll illOJj
,{~w UOllaJ:lSIP olnlosq~ sll Ul aalsnJ! aql S~ }Oa.laql
oloqM aql 01 dn lsn~l alB.1edas Jaq .10 slq lUo.1Jawo:>ul
lau oql }O q:>nlU os HJauaq 5 I PIP!:> q:>ns .1oJ i'rdde .10
Ol Aed lleqs aa~sn.1l aql 'S.1eaA (IZ) auo-AluaMl JO
a~e aql sUlelle PTlq:>q:>ea Illun'V
:SMoIIoJ se papIAo.ld
aAoqeuls.r.aq -se PIIq:> 8uTATI ADe }O llJauaq aql .10}
paltslIqelsa l.sn.1! lpna JO redT:>ul.1d pue alUo:>uT lau aql
alnql.1lsTP pUe AIdde TIeqs aalsn.1laql ZO'g
'aPTl.lV
sTql uT papIAo.1d .r.aql.1nJ se ("PIPP" se Ol pa.1.1aJ'}.!
.1al}eUTa.1aq) ~aA~VJ .~ NIA1VJ }O PTlq:> e .10J paqSlIqel
-sa lsn.ll al8.18das q:lBa JO IedT:>ul.1d pue alUo:>ul laD aql
fbr the purpose, the Trustee may pay the expenses of
their last illness, funeial and b~rial from Trust B.
7.06 Upon the death of the last to die of
HELEN LOUISE McRAE and COLIN W. McRAE, the entire amount
remaining in said Trust B, includihg any income that
may be accrued or undistributed but after paying or
reserving any amount required under the precedin~Sec-
~io~ of this Article, shall be distributed to such
one or more or all of' her issue (but not to her estate,
her creditors, the creditors of her estate or to her-
self), free of all Trusts created hereunder, in such .' ~
amoun.ts .or pro'portions and in such lawful estates or ~~p' b b""".,._e--.'
. p.O' ~ JCW'
wr
interests, whether absolutely or in Trust, as HELEN LOUISE "'y/dYC,
McRAE may by her Last Will and Testament specifically
appoint.
7~07
Upon the death of the last to die of
HELEN LOUISE McRAE and COLIN W. M~RAE, Trust B shall
terminate and the Trustee shall, subject to the provi-
sions of any Section of this Article requiring any
amounts to be appointed, paid or reserved, distribute
the remairiing as~ets to the issue of HELEN LOUISE McRAE
upon the principle of representation. :If.upon termina-
tion of Trust B there are no issue of HELEN LOUISE McRAE
(~
then surviving, such remaining n~sets 'shnll bedistrih-
uted to the ALUMNI FUND, Cornell lIni vcrs i ty, Ithaca
New'York, in.memory of HARRY E. C/\RVER.
- 13 -
- () r -
'}fJAUVJ ':J .UmVH JO A.lOWOlll uT '){.I0A MaN 'e:lUq:n 'AHS.lOAlUn
l1aU.10J 'UNnd IN1'ln1V oll~ o~ pa~nq'p~s~p oq pun O~p.uIW.10:l
. [1 ulIs PElp pOSU0:10p II:1ns .Ioi ~sn.1J. Oln 'PIIlP poseo:>
-op q:1ns JO S~U!Iqls JO anSS! .10 SSU!IQIS.oti a.18 a.loq~
)1 'uol~u~uoso.ldoJ JO ald!:1il.1d oq~ uodnonssT ~!oq~
.10 'Aue n '}f:JAUV:1 "}f NIA1V::J JO PlIq:> pasua:>oP4::>ns
JO s~unq!S 8ll~ J 0) !j~lIaq .I0J PIcHI Uc)Ll:l s:lsn.lJ, <qu.W
./
-dos .1oq~o a4~ ~bow~ne o~ o~ Iluqs ~sn.1L 4:>ns 'BU!AIA
-.Ins U<lL[~ ollssl :lnol(:l 1M O!P IIellS }f3AClVJ '.(! NIA'TVJ JO
rI1lp lpns 11 'uoqu~uaso.Ida.1 JO 8Id!::>upd Oln uodn
~t:!A(lVJ,:}f NIKIV::J JO PElF> lpns JO onss! OlP,O:l qassp.
jU!U!BW~.I ol(~ olnq~J1S!P 'pOA.1<lSO.l .10 Pled 'pa:lu!odd~
oq 01 s~unOWB ~lIC 8u!.1!nbo.I OT:>!l.1V S!q~ JO uo!~~as
Aue ,Jo SUOISIAO.1d ol(:l 01 l:1ofqns 'TIBlIs oO:lsn.1l oq~
pue a~BuIw.1a:l nUlls ~sn.l.L a~B.ledas.1a4 .10 SIll '(l3AUVJ
'(I NIA1V::J jD PI!L[::> ~ JO 41uap 041 uodn
90'9
':lu!od
-de AITe:1!]!::>ads ~uowe~so.L pue IT!M 15B1 .Ioq ..10 S!q Aq
AUlU (I:JAUVJ '~I NIA'IVJ JO PUlp q:ms SB ~sn.l.L U! .10 AT
-olnTosqe .I01l~OqM 'SlS0.l0~U! .10 so~e1so InJMBl 4~ns U!
pUB SUO!1.10d0.1d .10 s~unowe q:>ns U! '.Iopuno.loq pO:leO.I:1
s~sn.l.L TIB JO OO.lJ '(JTos.loq .10) '(JIOSW!q o:l .10 a~e~
-so .104 .10 S!4 JO SlO~!PO.I:1 o4~ 'S.lO~!PO.1:1 .104 .10 S!4
'o~e1SO .Ioq .10 SI4 o~ ~ou 1nq) onSSI .loq .10 S14 JO lIB
.10 0.10W .10 OUo 4:1ns o~ p01nq!.llS!P aq ITB4s 'ol:>I~.IV
j':'
8.03 In addition to the Foregoing amounts,
the Trustee shall also pay to JANET F. SINN from
the principal of Trust C for each calen~ar year dur-
ing the term of the Trust, upon written request ad-
~ressed to the Trustee, an amount not in excess of
Five Thousand (5,000) Dollars or rive (5) p~r cent
of the aggregate value of Trust C, valued on the
~irst btisiness day in January of the year in which
the request is made, whichever is greater, in cash
or fair market value of the property; but if such
request be not made for any calendar year by the end
of such calendar year, no payment:; of principal shall
be made in any subsequent calendar year on account
or the amount not so requested. In the event no
.withdrawal is made in any c~lendaf year, or in. the
event less than the maximum amount is withdrawn, the
valuation date as to the unwithd~lwn nmountshall~
for all purposes hereunder, be consi.dered to be on
the date that such power is deemed to lapse or to be
released. Thb right of withdrawal shall be personrrl
and shall not evolve upon any age.nt, guardian or con-
servator.
8~04 . Upon JANET F.SINN attaining the age of.
fifty (SO) years and at any time thereaftci, the
Trustee.shall distribute so inuch of the principal of
Trust C up to and including all of the~Tincipal and
accrued income, to dr for the benefit of JANET F. SINN
as .J^NI~T r... S.lNN shall from time to time request in
writing addressed ~o the trustee.
- IS -
- Zl -
a~BnbarB ~ou 51 a~B~5D alBqo~d ~laql 'rrVH~W 'M NI10J pue
:rV~PI"l :ISIn01 N:I1:m 10 51pBap aql. uodn JI SO' L
'aal5n~.L aql Ol
pa~aAnap 8uTl1.H\ Ul luawn~lSul UB Aq 5l:>a.qp Q5pual{l0
:IV1PWHSIOO'INH1ITlI ssaTun paznenba aq ITeqs uOTl:>as
8UTPo:>~~daln~.apun AlpedsTP Aue llHll ~da:>xa 'JV1PI"I
HSIn01 NH19H JO ansS1 aql JO Aue ]0 J1J~uaq aql ~Ol
~O oJJoa~aql Ted!~Ul~d aql illO~J papuodx~ ATsn01Aa~d
s~unowl1 AUl1~OJ azqllnba O~ apBW aq ITBqS ~ uawl5n ~PB
OU 'g lsn~.L JO. UOlsPTPluanbasqns uoder VO' L .
'Japuna~aqpal5a~alUI
suos~ad TIB uodn aA!snI:>Uo:> pUB 8uIPulQ aq ITIM SUOlS
-l:>ap q:>ns pun aa3sn~1 aqJ JO uOlla~:>slP aql uT AT~IoS
aq ITl/>\ '~aAaMoq 'S1101sT:>ap q:>ns . s~aqwaw AHwBJ lp 1M
UOIlB~lnsuo~ u1 3uaill~uToddB JO ~aMod q~ns a51~~axa ABW
aa~5nJ.L aq3 .aJuB~sTsse ~noq~1M A~~ado~d ~aq JO a~B:>
a~eJ pUB ~8BUBW o~ ~IJado~d aIqBun aq 'asnR:> JaqlO
AUB ~o PU1W ]0 5S0U)[BaM 'asBaslP .'a8B PIo JO UOSBa~
..{q 'aa~sn~.L alp Ol pass::uppB 'U1~l:>lSAl{d 8uIPua~3B
AUB JO uOlu1dO Han pM aLp Ul 'TIBqS :IV1PW HSInO'!
N31:IH lUaAaaqJ III 'a8B.]0 s~BaA (SZ) aAlJ-A~uaMl
~sBaI lB aQ ITBl{s ~auop q:>ns ~Bq~ '~aAaMoq 'pap1Ao~d
: aa~sn~.L ~nn o~ pa~aAl lap 8up T.1M ul Juawn~~suT UB
Aq Jsn~.L s14l JO oO~J ua~PIlq:> ~aq JO lIB ~o aJOW ~o
auo q~n5 JO] ~SDJl ul ~o Ol H ~sn~.L JO IBdlJu1~d aqJ
WO~J aUIWlalap l1uqs uOlla~:>s1P aIos ~aq ul '~4s 5B
'aWO:lUlpOD1:>:>U pUB TBd1:>Ul~d aql ]0 ITB 8uIpnI:>ul
pUB Ol dn '5~unowB JO lunOWB UB ~:>ns JUloddB 'awl~
OJ awn W01J 'ABU! JV1PW HSr001 NH1:IH ~O' L
'.,
of Trust C shall be added to the assets of Trust D
under Article IX of this Trust Amendment.
ARTICLE IX
Trust for Children of CALVIN C. PEARON
Trust D
9.01
If upon the funding of the Trust for
children, the youngest living chi Id shalf have at-
tained th~ age of twenty.three (23) years, Trust D
shall terminate and be divided into equal shares;
one such share for each living chlld'and one share
collectively for a deceased child leaving issue, and
shall be distributed free of trust to such persons
i,n such proportions. In the case of a share set '
aside for the issue of a deceased child, such~s~are
shall be distributed to such issue upon the principle
of representation.
9.02 If upon the funding of Trust D, the
youngest living child shall not have attained the
age,of twenty-three (23) ,years, the Trustee shall
hold Trust D in further trust for the benefit collec-
tively for the children and shall hold, administer
and distribute the-Trust as provided under the fol-
lowing Sections of this Article.
9.03 The net income frolll Trust D may he paid
to, or applied for, the use and bl'nefit of such one or
more or all of the children(~nc;:luding the issue of any
deceased child) in such amounts as the Trustee in its
sole and absolute discretion shall det~rmine~ without
regard to equality of distributioll of such income among
- 1 7 -
age), Trust D shall terminate and he divided into equal
shares, one such share for each living child and one
share collectively for a deceased child leaving isslle
and shall bedi~tributed free of trust to such persons
in such proportions.. In the case of a share set aside
for the issue bf a deceased child, such share shall he
distributed. to such issue upon the principle of repre-
sentation.
9.06
If all the beneficiaries of Trust 0 should
die prior to the termination of the said Trust, Trust D
shall then terminate upon the death of the last benefi-
ciary; and the Trustee shall then pay over and distrib-
ute 'the remaining principal. and i.ncome or Trust D to
Trust C under Article VIII of this Trust Amendment.
ARTICLE X
10.01
Miscellaneous Prov i sl.ons .
In the event the Trllstee shall receive a
request under any Trust established hereunder foi funds
for. educational purposes beyond" the sccandury school
level(includ~ng pos~graauate courses), the Trustee
may, in its discretion, disburse [unds for tUition
fees, books, room and board, reasonable .clothinganu
inc identals ,-aml reasonable transportation between.
home a~d school; provided, however", such heneficiary
is enrolled in an accredited univt~rsity or college, or
in a rec.ognized and established trade or vocational
school. carrying a reasonable numher of units, mak-.
ing .rcn~onable a~ademic progress toward ;1 recognized
. - 1 ~ -
- VI -
'.<JI?(l1l0:>05 aq 01 SOl
-~u1~lJauaq ..taLI~o n~~ JO spa au oLI~ pue Uor~eJo(l!Suo:>
~s~rJ S~!aq o~ NNIS "d 1HNVr JO. aU1~qIIOM pun aJ~JloM
oLI~ JOP1SUO~ IIeq~ oaqsn~~ aq~ 'SU01~BbtwJa~op 4~ns
8u!,ew uJ ~U01~J..t~SlP aIDS s~l Ul,OU1WJa1ap ITuLIS
11 .so swns Lpns :) lsn.IJ. JO TP.d1:lU1.ld ;:HP WO.I] sasod
-Jnd q:>ns .10] ~lddR JO ~nd Il~qs '(.lO]OJoql olquIyuAR aq
o~ ~ 1 01 UMOLDf SPUIIJ .IaLI~O pU1w ul XU!AULj-) u0PO~~SlP
oIos s~l ul 'oa~SIl.ll aLI+ ':POJWO:l oIqeuoseaJ uF l.10d
.:dns pue UOlll?:>npo '1(Ilu04 J10l{l .1oJ. ATi31t:nbope OP1Ao.1d
o~ lUOl:l'UJllsul O.JI~ 'u~uPHl{:l ~uopu<ld;)p ..taLl puu 'NNIS
~d 11NVr JO 111<luaq aql .IoJ .10 .01 arqu~ed uOll:>as SUl
-p<l:la~d oLI~ Jopun ~lIopnq1.11S1P aLp -11
ZO'S
'lSIl.IL q:lns JO TRdl:lUl~d al{l JO l.1ud e ,awo~aq
pue Olpappu aq' I IU45 .leaA SUIlUllO:>:lU lsn.l1 ~uu aU!
-.1np oo~,sn.(.J. ol/~ .{q ponddu ~OPlp.d os lOU awo:lu! lau
iuV 'i.lepuo:l0s aq 01 sa!~p.!:llJauaq ~aq10 aq1 JO
spaau aql pue UO! IHJOpYSUO:l lSJIJ 511 aq 01 NNlS "d
.I.JNVr JO Su!o4ITcm (lue a~eJIa,,\ cllll ~ap!suo:l neqs aOl
-snJ1 aLp' SUOpeL!! IiIJalap Lpns SUPlew Ul 'JaAaOSWOl{M
suos.lad lIe uodno^!Snl:luo:l pUP. SU!PU!4 aq llel{s U011
-nq!~ls!p Lpns. .<UI? JO lunOWR JO ilOlJdOJd aLIl Ol se
a:nsnJ1 0l(1 JO lllowapnf aLI1 "aU!W~alap 1tel.{S U011
-OJ:lSIP OIOS 51 Y III aalsnJ! cnn se '5UO!lJodOJtl Lpns
Ul PUE SlunOllil? Lpns III ucuPlllP luapuoclGp JOt{ pue NNIS
'd l]NVr JO 11Jouaq oql'.!OJ JO 01 J lsnJ! wo.!] OWO:lUl lau
aLIl JO l(.1nw os ,(ed AEU!. aa1sn.!1 al{l
la'S
J lsn.!l
NN IS ':1 J.,INr JO HJCluag JOd lsnJJ.
1 I I ^ :J1J1UIV
- 9 T -
s~aSSB BUJuJBwa~ al{l 'BUI.AI.A.lnS u
D4~ NNIS ,'d lUNvr
.. . ...
. .,
... ;1
~~..---:~~ .:-' ~ ....._...-........_-..~..--..........~...,..~..............,....,......,..,..n..........,~.............,(.,.,;,,;..r.;...:\II;,~~:;~..~..-:;;"~;..r:Al;::;!.t:.....~ ..'
..
'..,
" ,
I'" I
)
) ss.
County of Haricopa )
, -IL-
On thill, the 2JL, day of HuY, 1971, before mo, tho
underoigned Notary"public, poroonally appcarcd ~IILLr1\l! c.
SUIEL, \:1ho ucknmllcc1ged himnelf to be the Truot IvJmini:.ltrntor
of Tim VhLi,BY NJl.TIOI'ii'..L BANi{ 0:::' 1\RI7.Cmil., 11 National [llll1:dng Mcodo"
tlon, Trusteo, and that he, as such officer, Lc;;lng uuth.od.zed
DO to do, ey-ecuted the forc'.)oing ill:1trumcnt, in tho cap!lcity
therlJon stated for the purpoEio theL'oin contained, by signing
tho name of tho il.:ml~ by himself as ~uch officer.
.OJ
STATE 9F i\lUZON1\
"
.) ..... "
, '
5;~'.({t ~-' (J, i~~{~(p.
Notary l'UbHc -
.~ COQroiGaion Lxpires:
~_k.1.v:_7.f
,#' .
of hers, that ~he, by reason ofoId age, disease, weak-
ness of mind, or any other cause, is unahle properly
to manage and take care of business matters without assis-
tance. In the event HELEN LOUISE ~IcRAE has no attend-
ing physician, the Trustee may request the president of
the county medical association where he is located, .to
appoint two disintetested physicians for the purpose.
10.03 Any other language to the contrary not-
withstanding, to the extent. possihle, any shares of
SYRACUSE SUBURBAN GAS CO;"IPANY, INC. (or of any related
corporation) held or received by this Trust at the death
of the Trustor shall be apportioncJinto Trusts C and D
(including any subdivision of Trusts C and D). Any shares
of SYRACUSE SUBURBAN GAS COMPANY, INC. (or of any related
corporation), which cann6t be apportionbd into.!rusts C
and D (or .subdivisions), may be purchased by DORIS C.
FEARON,or by members of heT family (spouse and issue)
at its then fair market value as determined by the Trus-
tee. The rurchrise may be for cash or u~on terms and
the. Tr\lstee is authorized to negot i atc such terms and
conditions as i.t shall determine shall be in the hest
intcTcstof the Trust Estate. If DORIS C. FEARON or
members of her family fail to purchase all shares of
SYRACUSE SUBURBAN GAS COMPANY, INC. (or of any related
corporation), which cannot be appurtioned into Trusts C
and D (or ~ubdivisions of Trusts C and D) or which
lIlay st.ill: be held in Trust D. (or any of its subdivi-
sions) under Article VIII of the Funded Convertible
. Living Trust dated May 20, 1971, created by HARRY E.
C:^I~v!;R, with the VALLEY NATIONAL HANK OF ARIZONA as
- 21 -
- HI -
q~ns pouID~~u ~ou OAUq oq~ s~ul1qls au SUIADO] "Oan
4~ns ~ululD~~R o~ ~ol~d P[14~ lsaBu"o~ aq~ JO 43uop
all~ uodn .10) S.lUO,{ (s:z)aO.lql-A~uoM~ J 0 aju alp SUl
-UIUllC PIIll~ 2UIA!~ ~soBunoA all~ uodO 50"6
"5al.1uT~Tlouaq q~ns SUOWR UOIl
-nqpl51P 30 AHlunb;) o~ p.1uS:u ~noqlp\ oa~sn.Il alll ,(q
<lpUW aq [lUllS sluaw,)s.InqsTP ll~ns ".10AaOSWOqM suos.l<ld
1Iu uodn OA!SnpUa~ pue 2UTPuIQ aq HellS' lUawtpuo.l~
-UO ll~ns AUU JO ~U"OWU .10 ,(lOlido.1d alll o~ su aOl5n.1L
Olll]O luolll:.ipn[ ;)lll oos op Ol AHnqn Ol(3 lou.sml
U:l.1PHlp Olp j 0 .1.Hpt:J alll l Cl[l SUP\Olls .1uap 51 a..toq~
POPIAO.Id 'sosod.1nd q~ns .IO} al~uSIApe pawoop swns .10
wns alll 'Glsn.1~ JO 11:dl~Ul.1d aq~ JO lno ~lJauaq .laq .10
sl~ .loJ Alddu .10 Ol ,(vdlluq5 aOlsn.11 aq~ ualll 'l.1oJwo~
:lIquuo~no.1 ul l.loddns pue uOllu~np<l 'lt~[uaq.lado.1d .laq
~o s14 .1oJ 8PIAOJd Ol '~U<ll~I}JnsuT aQ [[E4S aBpaIMou~
aATIq Ilu4s <l8l5n.11 a4~ q~IqM JO .loq .10 w14 o~ alquIlEAU.
S~<lSSU PlnhIl pue awo~ul .1a4~0 [IB pue <lI~T~.IY sIlll
JO SUOlS1AO.ld <llll Japun A.lel~IJouaq q~nsAuu Ol a[qe
-And owo~ul oq~ 'om!~ o~ <lWl~ WO.I} 'JI P006
00 l5nJl JO [udT~Ul.Id alt~ JO l.lEd B.awo~
-aq PUE OJ pappe <lq 1lulls .IuaA 3ulluno~~v ~sn.Il Auujul
-.Inp a<l~5n.11 alp Aq PO! Idde .10 Pled os ~ou awo~ul l<lU AUY
ol.Ioddn5 q~ns lts!u.lnJ OJ ua.lpllq~ alt~ JO .laltluJ 8lll JO All
-[lqe pUB Alnp 04l 8Ulr"l~Ul 'oalsn.ll Oltl Ol UMOU~ SU .IEj
os 'a~~nos juri WO.lJ SJl.lul~lJauaq ll~ns Ol aIqulTuAu so~
-.InOS0.I IEl~uuuIJ PU1? olUo~uI .laqlo iue uOI:re.IaplSuo~ oluT
o~el 112115 OOl~n.Il 0111 'POlIddu .10 Plud os aq Ol 0ruo~uI
~au JO lUllOIllB oll:) :]UTU!w.lolap uT 'saI~uT~TJauoq 4~ns
..(
in such event any gift provided under this Trust Amenu-
mont, for such person or for any of the issue of such
person, sh~ll thereupon lapse, and shall forthwith be
distributed free of trust to the i\LUMNI FUND, Cornel]
University, Ithaca, New York, in memory of I/^R'RY S. CARVER.
10.06 Upon the funding or Trust A, the Trustee
shall secure the written approval Dr CALrT:J R. CARVER
so long. as he remains competent ;1nu tlvailahle for all
purchases, sales or investments wllich it inay propose
to make under. Trust A. CALVINR. c/\HVER may waive this
requirement and no person, firm or corporation shall be
required t9 ascertain whether or not such approval shall
have heengiven, and every person, firm or corporation
shall be fully protected in relying solely upon the trans-
fer or assurance of the Trustee. "rh6 Truste6"i~ released
and reI ioved from Liny I iabili ty 0 r respons i biB ty for
any "loss sustained or incurred hr reason 0"[ the"failure
or refusal of CALVIN R. CARVER to approve with regart! to
any proposed purchase, sale or in\.'estment. If the writ-
ten" ilpproval of CAI.VIN R. C^RVEI~ is not ohtained, the
recommended purchase, sale or inv,'stment sha 11 not he
made. I'rovideu, however, that if, in the Trustee's sole
discretion it is in the best. intclTst of the Trust to
make a propbseu sale, the Trustee is authorized to make
such sale if CALVIN R. CARVER has not responded to such
rcconnncndation within a reasonahJ\' time and the Trustcc's
good faith determination to so act shall he binding and
concltlsive uJlon all pilrties in interest. The power
granted to CM.VIN H. CARVER under this Section shall lapse
upon receipt hy"the Trustce of certification in writing
- 23 -
- OZ -
Utq:)"~SAl{U lilulpua:nB "UB Aq 1luqplll ul UO!:!l!:l!Jq-lD:l JO
oo~sn..ll al{~ Aq ~U!,O::la..L uodn asdul HUl{s U01l::l0S 51lP .lOpUn
3VB::lW 3SInOl ~31RH O~ PO:!UD..lg ..lalllod ~l{l '~SO-lO~Ul"1 sa1~
-..lBd lIB uridnaATsnl~uO::l PU8 2tilpulq aq IIBl{s ~::lB os o~
uOl~BulWJa~ap 4~I*J P?oS s,a~~Sn..ll al{~ pun oWl~ alqcu05
- no.1 U ull{~ 1/'1 uon Upll awwo::la..l, 1pns o~ papuodsaJ ~ou sUII
:IV1Plo,j 3SIIl01t\:11:1.I1. Jl 'arus l{::lns o~nUl oi pazl.10lpnc
SI ao~sn.11 ol{~ 'or I:S pasodo.1d B O~BW O~ '+sn.11 al{~. JO'
+saJo~ul ~s~q.al{~ lll, 51, +1 uOl+0.1::lS1P olOS slao~snJ1
Jq~ ul Jl ~eq+".10AJIIIOl{ 'papIAO..Ld 'opew o~~OllI1Bl{S
~uaw~saAul .10 alns '05Bl{::l.1nd papuaWWO::la..L alp paupnqo
~ou 51 fI'v1PW 3SInO'! NH13H JO lUAo.1ddu uanl..L1II al{~ JI
. +uolU+5oAul ..LO .qBS 'asl!l{::l..Lnd pasodo.1u AUI! o~ p..lBBa..L l{~ 1111
,>AOJddB 0+ 3VB::ll'l :lSIl101N:I13HJo IBsnJO..L ..LO a.1nneJ ol{+
JO uosua~Aq pa.1Jn:>Ul ..LO Poul~+sns s501 AUU Jb] ~+111q
-lsuodsai'..LO A~111qBl1 AUB WO..lJ paAallaJ pun paseala.1 ,sl
aa~sn..Ll al{l 'oa~sn..l1 ~l{+ J~ a::lUB..LnSSB ..LO JOJSUB..L+ oq+ uodn
,\,
,
Aroi:05 :'IuIAr(U ul popa~o.1d AnnJ oq nUl{s U01+TuodJo::l
JO W!U 'uOSJod AJOA,J pUU 'UOA1S uaaq OABl{ nBl{S TBAOJd
-de 1pns +OU -l0 ..lol(:!(nl~l UIB-+..LO::l5B o~ pa.qnba..L aq 1TBl{S
UOl+U..Lod..Lo:> ..LO ,W.I U"uos.1ad ou pUB '~uowa..Llnba..l sll{+
OAIU~I ~aw :IV1Plo,j aSIn01 N3'WH 'g ~Sn.Il Japun O){UW o~
OsodO.1d AUUl +1 l/:lII[1II s+uaw~saAul .LO SellES 'SaSBlp.Lnd
lIB .1oJ olquITBA~ pu~ ~ua+adwo::l SUIBUlO..L aqs sa :'IuOl os
3VHJN :ISInG1 N:I13H JO rUAO.1ddu uO~+I..LIII al{+ a..LnJas Tlul{S
aa+sn..L1 01[+' H +sn..L1 JO 8ulpunJ aq+ uodn \\
ZO'OT
'..Lapuna..Laq pa+sa.1o~Ul SUOS..Lod TIB
uo aAls11I::lllO::l pUll lilu'!pu'!q oq llulfs S..LO+~BlU lpns lIB
U,! aa+sn.ll al/+ JO ~uoUl8pnr aq1'uo,!+B::lOA ..LO OpB.l+
InJosn pun paz,!u~o::lO.L B 8u,!u,!c+qo pJUJl\O~ .LO 'ao.L8ap
'\
.' ~.l . t: .
under anu reguLated by the laws of the state of domicile
of the prior Trtistee, and shall thereafter be construed
under and regulated by the laws of the state in which the
substituted Trustee shall be domiciled as shall be then
or thereafter in effect. CALVIN. R. CARVER shall settle
the accou~tings of the prior Trustee in writing, and such
settlement shall be binding upon the sUccessor Trustee,
and shall fully protect and discharge the Sllccessor Trus-
tee as to the actions or inactions of the prior Trustee as
to all present and f.uture beneficiaries ;lJ1d remaindermen
of the Trust, whether vested or contingent, ascertained
or unascertained, in being or not in being, adult OT minor,
competent or incolllpetent, individual or corporate. Such
written settlement of accountings may be maue without nee.
essity of sending notice to a.ny beneficiary 9r,.:emaindcr-
man.
IN ALL OTHER RESPECTS the Revl1cable J.i,ving Trust
uated May 20, 1971, between WE. B. CM~VEI~ as Trustor
anu the VALLEY NATIONAL BANK Of AliI ZONA as Trustee is
hereby ratified anu ~onfirmed.
IN WITNESS WHEREOF, the Trllstllr has hereunto set
her hand, and the Trustee has caused its corporate name
to h(' subscrihed hy its duly authorized officer, as of
.the
J3th
LLay of
.]u]y
J 972.
'Zoe I;. Ca rVL' r
Tr.usfO.i:'-'--' - ________.h
Socia I -'Secur-j t.y'No.--- __'U___ .
IU1IlEIlT II. NOIlR r s
Attorney for Trustor
VALLEY NATI ONAL BANK OF AIU ZO.~i\
as Trustee
By
HI) h l~ r t II. :-! () r r i s
By
,John i,lllll
- zz -
lI,)ll~ 'lUOUHl.QSII! .!<14l!.) JO SUOIS1AO~d AlIU.10 .10lSn.l.(, Olll
JO lUOWUlsol ru~ 11!M lSE1 Oql .10 lsn.11 sI4l ~~UllD .10
ls01110:J .10Uuew ,{ue U! IlulIs uos~o.d AUU JI SO'OT
'lU010d
-lUO:J pue 01\lp! IqUUJ;).l. nUlls oaullUOU 1[:Jns .10 aq su ~UOl
os (lU.::lWUlso.(. puu 111M lse1 sll\ JO .-SUl.1.)l 01\1 A4 .10 tlur
_.~ pM UT NOllV:l:1 ':1 S l'IUVHJ Aq POlEU1wOU uos~od AUU .10)
.NOllV:l:l ':1 S~'H1VHJ '.I.ll!lUJ .lOll Ol ssud 11e4s .1oMod 4:Jns
'NNIS '~ lUNVr JO ~Jua1odwo:Jul .10 lIluap aq1 JO 1UOAO
041 III '~30!S 1I3"S 8uIPI04 JO UOSDO.1 A4 paululsns 04
.{uw IPIllM SSO [ AUU .I,l JA 1 I nq P. I r Oil OAl!I( I I ell S 0':> lsn.1.L
OI[.L 'lualodUlO:J II! 1:1110.1 pue OAl Ieaq ITUl~S olls se ljUOI'
se 'NNIS 'J l,1NVr Jll 1uasuo~ U011p~1 81[1 lnolln~\ a .10
:J slsn.IJ. ]0 SUOTS! ^! pqns AUU .10 Cl .10 :) qsn.11 u1 PP)4
){:Jols p(us' ,)1(:1 JO SO.lI!l{S AUU nos lOU II uqs a01sn.1,LG1[1
pUT! 'NNIS ':1 l~NV(" Aq p.qOA aq ITEl[S '0 pue J SlSn.1,1.
JO SIlOIS!^!pl[nS Alii: .10 '0 pue J Sls.!uJ. ul PTal( "JNI
',\NVdNO:1 SV:J NV8~IIlHIIS :rSIl:JVlIAS <lIp JO sa.xe4S .1oJ Axo.1d
04:1 'u puu JS:lsn.Il JO 8uIPunl 041 uodO PO'OI
'llwwpuaUlV
lsn.IL sl4l JO ^ JI:Jl1.IV.10pUn'V lSn.IJ. 01 pappe aq
lIe4s O. pUt! J SlSIl.1J. JO slasse alp 'posua~ap oq UOlll
Hutts .~E1A{l\':J . ~I \ 11\1VJ JI . i:lllr A 1 I aq Uattl nett5 all
J! ~m^HV:J 'U NIA1V:J 01 'lsn.11 JO oa.I} GpUE ;l.lStl.Il JO
SlOSSB alll olnql.11sJP Itellsaa1Sn.ll att1 'SuIPUUlS4l!M
-lOll .{.IP..lluO:J' Olp Ol aljuniJuuI AllB pue aluulul.lal uo.dn
- 0.101p IT r!1[S :j.UOUlPlI,)U1V lsn.IJ. sllll .Iapun a pun J lSrl.l.L
'(SW.1O:j. 110 pas1:q:J.1nd .I! 'lInnJap I1e45 .10) .I01Sn.I,L Olp JO
tt~U;)P al(:! ~U!MOI [oJ S4lUOW (9) XIS ull111..... 'O<llSn.I.L
, .
..' ~
,..
>
FIRST M".ENDHENT 1-:;'/11
TO
FUNDED REVOCABLE LIVING TRUST
BETWEEN ZOE B. CARVER AS TRUSTOR AND
THE VALLEY NATIONAL BANK OF ARIZONA AS TRUSTEE
DATED MAY 20, 1971
WHEREAS, ZOE B. CARVER as "Trustor" and the
. VALLEY NATIONAL BANK OF ARIZONA, .a National Banking
Association, as "Trustee". entered. into a Revocable
Living Trust Agreement, dated the. 20th day of May,
1.971: and
WHEREAS,. the Trustor reserved thereunder the
.power. to amend the Truf:t?l-greement by written instru-
mentfiled with the Trustee under Section 1.01 of
Article I of said Revocable Livi~g Trust Agr.eement;
and
WHEREAS , the Trustor does: now desire :to amend
said Agreement;
NOW THEREFORE, the. Trustor does by this instru-
ment hereby amend that certain Revocable Living Trust
?l-greerrient entered into. the.2o.th day of May, 1971, by
and between ZOE B. CARVER as Trustor and the VALLEY
NATIONAL BANK OF ARIZONA, a National Banking Associa-
tion, as Trustee by revoking Section 4".02 of Article
.IV and all of Articles V, VL,. VII and VIII ,and sub-
stituting the following therefor:
4.02 Upon the death of the Trustor. the Trus-
tee shall, subject to the provisions of Section 2.01
. -..- ..- ":~.,,. "'~~"-""~.-.:::~"'~.~.:-s-- ._-~.,..~~ -
- ~ z. -
pOllJ4S110:1 oq Ol bSEO:1 IllHls V 4Sn~J. 04 Sll :luaUlo,1.JiiV ISII.l.I.
sll1:l '..lOJSllU.Il lI:1ns Uodf.1 o.1apuno.1<>lI <>04SII.J.I. Olp Ol..lOSS().)
-:ms lI:1ns uodn :JUlpulQ aq pue Ol a.rrlul11I?lIs u~ OJoq pOIllUU
a~:qsn..lJ, ~nn 10 saTlnp pili: SUOllR:rqqo 'S41(Llp 'SUOPOJ:1STP
,s.1eMod'lpns rIB pue 'v :lsn.11 Ol o:1ua.1oJoJ 1(41M, sopnp .10
SUOT4u311QO 'S4113T.1 'SUOll0.1:1S1P 'S.1oMod .1alll~nJ au OAElI
llul[s .IopUnO.IOl( a04SIlJ,I PI us alp .10lJUO.IOln pUP. .' aO:lsll..l.l.
.10SS03~ns 0114 Ol V l~n.I~ }O SlOSSU 0114 JOATI0P pu~ .IO]
-SUU..l:l 'OJrnbo.I tuw :l! su tlluWOPUl .IodOJd q3nSjO 4dl0:)
-j.l uodn pun 'oo:lsn..lj, L[:ms 'su' llonp S:lllnOUlU puu sa3.IUll:1
lIB 3Ull:1np~p JOl]E '1lElIs II '.Iopuna.1oq oa4sn.11 alll 04
S4uown.14sul l[:1ns ]ot..l~~11ap uodO 'Bu14T.1M UIV lsn.11 JO
a3uB4d<>33e 541 pUB 'Q01Sn.11 <>~4 o~ .1oss033nsa1l4 JO luaw
-4uTodde U044TJM 1l 'TUAOUlO.1 lI:1ns JO 03140U U04lT.IM U Japun
-a.lJI[ o:nsnil. QI[1 04 :1l1PClATI0P tq (000'000'02$) SJUTTOa
uOT I I HI! A:lUO~\.\. UUln 5S01 40U JO uoquzl1114Tue3 U ::lurAuq
'&31.l0WV JO S04U4S pOlTuO alll UTP04B30T 'S4Sn.I1 ldo3~U
04 pOZT.10l{4nE UOl:lUJod.10:1 tUE oalsn..li all:l Ol .10SS0:13nS
51: lUT oude04 pun 'V 1 sn.11 04 SE '.lopuno.1Oll oa4sn.l1 Oln
~AOWOJ 04 OUlll yJns 40 ~lT.IOl{lne PUE .1aMod TTn} aABl{ TTUlIS
H~^HVJ 'H NIA1VJ 'V 4Sn..lj, Ja 3uTPunJ a1l4 uodO LO'OT
'osod.Ind
alp .10] SllEP!S..(l{d PQlso.1aluTsIP OM4 4u10ddE Ol 'P041DOT
51 oq ::uollM 1I0r 4uT30SSU T0:11POW tHmo:1 <>IH Jo. 4UOPlS0.1d
Ol{l 4sClnbaJ telll Clo4snJ1 Cl1l4 'UEl:11stqd 3UTPualle ou SEll
H,!MIVJ '(j NIA'IVJ 4UOA;) ')\[4 uI 'a:1uE~STSSE 4nolllTM S.l<>llEW
ss<>uT snt[ J 0 Q.le:1 O)[n pue a3euEw 04 t.T.lado.1d aTqeun 51
'<>501D 1Qq40 tUB .10 'puIW JO SSClU)[eO~\ 'asEaslP 'a3e P10
JO UOSBQJ at[ QI[ 4B\{'.l '51\{ JO UEl=>lSA\{d :JU~PUG44B AUI? Aq
. .
--~
-' Z'-
00 ~sn~~ JO ~~~d t~~Da~u~ UE SE
s:j.oedse~ tt~ uT pEqnqT.:qsTP PUE pe~e~STU~urpE 'Ptelf eqo:j.
pu~ ~ue~e~DV ~sn~~ p~~s ~O.IIIA aTo1~~V ~apun ~aA~J
o ~ NIA'IV;) JO :j.1]:eueq elH ."10J pep111.0~d '0 ~sn~~Jo t~d
-1ou1~d eq~ O:j. peppE eqo:j.' :'ee~snx~ SE VNOZI~ ao ~NVS:
~NOI~VN X~~~VA eq~ q:j.1M 'tL6t 'oz hEW pe:j.Ep'IO~SnX~
SE ~~W;) o~' X~VH hq pe~noexe ~ueuxee~DV ~snx~ U1E~
'-~ao E~epUnSee~sn~J; ~o ee~sn.:r~ ueq:j.e~ 'o:j. pe:j.nqT~
-STP eq Tt~qS".S:j.HD 'pesd~t &lE DU~pnToU1' ~epU1EUIa~ pU~
enpTse.:i :' :j.sex alf.lJo tZ/T) n~lf-auo 00
. sexE~'eOUl?:j.1:~aqu1 ~oa~ E~sa ;;:u~ hq paonpax 'aq :j.ou- TTEqs
:j.HD :S1q~
o~~W;).e::mz PUE ~~W;) o~ X~ JO 'h~O.
-mam U~. l;;:es-~a.rl>\aN ' pOOl>\aTdEW 'H;)~nH;) ~SIOOH~~ 'IVI~Owm-l
MO~~OW a~' O:j.: ~sn~Jo eaxJ pa:j.nqTx~sTpaq' TT~qs: 'SXETToO
(OOO'OS) pUEsnoqJi h:j.Ha JO tuns'elfJi 0;)
osaXE~: -aOUl?:j. T~aquT ~O. e~:E~'sa
hUE hq paonpax Bq ~ou TT~qs ~J1D'S}q~ o~~W;) o~ X~
JOh~Omam U1' ":l{~6XMeN '~OE~I ';;::j.Ts~all.TUn TTau~o;) , ONna
INWn'IV e~o~: ~sn~ 'Jo ea~J pa:j.nqT~~s1paq Tt~qs 's~~ttoa
(OOO'OS) pu~snoq~ ;;:~JTa JO tuns: eqJi os:
'.XE~ -aoUE:j.T
-~equ1 ~o a~-e~se hU-ehq paonpa~ aq ~ou TTEqs ':lJTD 'S~q~
.asd~t treqs :j.HD 'sJ~'peSEaoapaq ue~ tTEqS ~~~O~
OIAVO JIoiI~A~ o~. X~'pu-eqsnlfe':lEt sl~o:j.sn~~ e~
JO eehotdma emT~ OUOt pU-e pua1~J hTTtuEJ ~ '~~~O'IV;)
OIAVOO:j. ~sn~~ JO ee~J pe:j.nqT~:j.S~P aq tTEqSS~ETTOO
(00'0 'a?;) pUEsnoq~ h:j.ual>\~ JO tuns'aq~ oV
:~auu~m OUT
-MOttoJ a~ u~ s:j.ass~ oU1u1Eme~ eq:j. a:j.nq1~:j.sTP pu-e ~a:j.
-sTuTmp-e 'PToq '~uemee.:rov :j.sn.:r~ sTq:j. JO II aToT:j.~V JO
. , ~ ,
. ,
II 4-.. '"..
E. One-fourth (1/4) of the rest, resi-
due and remainder, including any lapsed gifts, shall
beheld in further. trust for the benefit of the Trus-
tor's niece, HELEN LOUISE McRAE, as provided under
Article Vof this Amendment and hereinafter referred
to as "Trust A". If HELEN LOUISE McRAE shall then be
deceased', .thisshareshall be distributed as provided
under Section 5.08 of Article V if HELEN LOUISE McRAE
has not, validly exercised the limited power of appoint-
ment .over: said TrustA.
. F. One-eighth .(1/8) of the rest,: res-
idue 'andremainder,. .including any lapsed. gifts, shall
be: held in further trust :for .the benefit of JANETF. SINN
(granddaughter. of. the Trustor 's late husband, HARRY E.
CARVER), as provided under. Article VI of this Amendment
and hereinaf.ter .ref.erred .to. as "Trust B" .If JANET F.
SINN shall then be deceased, this share. shall be..dis-
tributed as provided: under. Section: 6.08 of Ar~icle VI
if JANET F. SINN has not validly exercised the limited
power. of appointment :over said Trust .B. This gift is
subj.ectto: the terms and condi tionsset :forth under
Sec'tion g'. 03 'ofArticle IX of. this Trust Amendment.
G. One-eighth. (1/8) of the rest,: re:s-
idue 'and remainder,. including any lapsed. gifts., shall
. be 'held in further. trust .forthe .collective benef.i t of
the children of CALVIN C. FEARON (grandson of. the Trus-
. tor's late. .huqband, HARRY.E. CARVER) who are. in exis-
tence at the date of the Trustor's death, as provided
under Article VII of this Trust Amendment and herein-
after referred to as "Trust C". For the purposes of
- 3 -
"'-.o.oiI.
i"
~-;
,.
..~.L.
- v -
eTql?T}l?AI? eq 0+ +T 0+ u/o\OU)[ spun~ .:req+o PU}UI U} .6U}hl?q).
uo}+e.J:OS}p eTOs s+} U} 1 ee:j.sn.J:.r. eq+1 +.:rO~UIOO aTql?Uos'
-t?a.:r uT :j..J:oddns pUt? UO}+t?onpe "t{:j.T"I?eq.J:}et{:j. .:ro~ hTe+l?no-
-apt? ep}ho.J:do:j. +ua'pn:~nsuT e.:rt? 1 enssT .J:alf PUI? :![WOW
:3:SIOO'I N:3:'I:3:H JO :j.}Jeuaqeq:j. .J:Ol .:ro o+aTqt?hl?d uonoes .6U'F
-pao-e.:rd alf:j. '.:rapun suo"pnqT.:r:j.s}P et{:j. JI
<:0 '.S
':j.sn.:r.r.q::>ns ~o Tl?d}ou}.J:d elf+ '~o+.:rl?d
t? aUIooeq pUt? 0+' peppe eq TT"I?lfS .:rt?eh .6u}+unooov :j.sn.:r.r.
'.
&Zl? .6u'F.J:npea:j.sniJ, Olf:j. Aq pe-nddt? .J:O PTl?d os' :j.OU elUOO'
-UT :j.eu .\UV "h.J:l?pUOpes' eqo+se}.J:t?}01'Jeueq '..J:a:q:j.o: :eq:r .
~O speeu eq+ pUl? UO}+-e:.:rep1'suo::>: +s.:r'Hs+Teqo+ H\rn::>W
:3:SIOO'I N:3:'I:3:H 10 :6u}aqTTa/o\ pUl?a.J:l?na/o\ elf+: :.:rep} suo::>. Tl:eqs
aa+sn.:rJ, aq+ .1 SUO}:j.t?U}lU.:ra:j.ap qons .6U})[t?UI UI ".:re'haos
-UIolf/o\ Suos~ad TTt? uodn ah}snTouoo pUt? .6U}PU}q 'eq TTt?lfs:
. .
uo}+nqT.J::j.sTPlf:::ms hUt? JO +uno1Ut? .J:ok~a}.:rdo.:rd at{:j. '0+' .
st? aa:j.sn.:r.r; alf:j. ]:0. +ua1U:6pn~' :alfJ, 'aU}UI.:ra:).ap 1 Tt?lfs'
u01'+a.:ros}p aTOs s:j.T uT aa:j.sn.:rJ, alf+st?' 1 suon.J:odo.:rd.
If::>ns ~} PUl?s+uno1Ut? qons U} anssT.J:aq pUt? mmoW:aSIOO'I
N:3:'I:3:H JO.:j. }Jauaqaq:j. '.J:oJ .:roo+ V +sn.:rJ, lUo.:rl aUIo::>uT :).au
aq+Jo qonUI os hl?d ht?UI aa:j.sn.:rJ, alfJ,'
TO '.S:
v +sn.:rJ,
~oW :3:SIOO'I N:3:'I:3:H JO :j.TJauaff .J:O~ :j.sn.:rJ,
A:3:'O I J,ID!.
":j.ualUpuamv :j.sn.:rJ, S}lf+~o XI aT::>}+.:rv ~o EO'6 UO}:j.oas
.:rapun If:j..:roJ +as SUO}+TPuOO pUt? sUI.J:a+alf+ 0+ :j.oa~qns 81'
:j.11=.6 S}lfJ,
., t{:j. t?ap S I .:ro+sn.J:.r, at{:j.lo a+ t?paq:j. o+.:ro'F.:rd
pahTaouoo .J:OU.J:oqa.:ra/o\ oq/o\ NOUV:3:~ '~NIA'IV~ JO ua.J:pT'Fqo
tmaUI TTl?qs lIua.:rPT1'qoll pUt? IIPT'Fqoll slU.:ra:j. aq:j. ;) :j.sn.:r,r,
.~
'. . I
'.
5.04 HELEN LOUISE McRAE may, from time .to
time, appoint such an amount or amounts, up to and
including all of the principal and accrued income,
as she, in her sole discretion :;;hall determine from
the principal of Trust A to or in trust for such one
or more or all of her children free of this Trust by
an instrument in writing delivered to the Trustee;
'provided, however,. that :such child shall be. at least
twenty-five .(25) years of age. In the event HELEN
LOUISE McRAE shall, in the written opinion of any atten-
di~g physician, addressed to the Trustee, by reason
of old age,' disease,. weakness of mind or any other
cause,: pe unable properly to manage and take care of
her property. without assistance, the Trustee may ex-
ercise .suchpower of appointment in consultation wi.th
family members. Such decisions,. however,. . will be
.solely in the discretion of. the Trustee and such deci-
sions will be binding and conclusive upon all per.sons
interes'ted hereunder..
. 5.05 Upon subsequent division of. Trust A, no
adjustment shall be made .to. - equalize .for any amounts
previously expended from the principal .thereof to or
for .the: benefit of any of. the issue of HELEN LOUISE
McRAE.
5'.06 If upon the death of HELEN LOUISE McRAE
her probate estate is not adequate for the purpose,_
the: Trustee may pay the expenses of her last illness,
funeral and burial from Trust A.
- 6 -
~~;oi..
..~.-~
~.~
- L -
.~uempuemv ~sn~~ slq~ JO IlIA eTOl~~V 10 uOl~oes lEulJ
eq~ 10 suolslAO~d eq~ o~ DUlP~oOOE pe~nql~~slpeq
H-eqs 'AU-e n'~sn~~ eq~ 1~ U~1~~od P~~Ul~ddEun OUl
-ul-eUIe.::raq~ pUEe:t-eulm~e:t lt1?qs 'paA.:rese.:r ~o pp~d eq
o~ s~unom-e Aue DU1=~lnoe.:r aTol~.J:V slq~Jo UOl~oas AUE
JO suolsl..ll:o.:rd eq:t o~ ~oe~qns ':tsn.:r~ eq~"anSsl DU1ATA '
'-.:rns oue.:r-ee.:req~mru:OW :!l:SInO'I N:!l:'I:!l:H JO q~-eep a~ uodn :
, JI. ~uempuemv ~sn.:r~ slqq.Jo IIIA BTol~.:rv .:rapunpeppl.
-o.:rd .:req~.:rnJ SE ~sn.:r~ qons a~nql.:r~slP PUE .:ra~slulmp-e
'PToq TTEqS PUE ':!l:VHoW :!l:SInO'I N:!l:'I:!l:H JO anssl eq~: ~o
~ TJeu-eq 'eq~ .:roJ ATaAnoaTToo :tsn~~ .:raq~.:rnJ ul .I AUE
Jl"~sn.:r~ Bq~ JO u01-:j..:rod pa~uloddEunDulu1Eme.raq:j: ,
PToq' paA:.:ra'sa.:r .:ro pred eq O:} :S~UnomE i~ue. DU1.:rp\,be.r
eTol-:j..J:V s"1q~Jo uonoes Aue JO suolslAo.:rd eq~ 'O~ -:j.oa~' ,
-qns: 'TT-eqs' Ba-:j.sn.:r.t. aq~ PU"E? a~EuTlu.:ra~' TTEqS V ~sn.rJ..
':!l:VHOW :!l:SInO'I N2'I:!l:H JO q~-eap Bq~ uodn
gO ..S '
.~UloddE ATTeolH.oads ~uam-e~seJ, pue TT1=M:}SE'I
.:raq Aq Xem Bqs SE'~sn.:rJ, ul .:ro ATa~nTosqe.:retr:raqM
's~se.:ra~ul .:ros<;q-e~se TUJMETqons u1 PUE suol~.:rod'
-o.:rd .:ro s~unome qons ul ".:rapuna:.:req pa~-ea.:ro 's~sn.:r.t TTe
JO Ba.:rJ '(lTas.:req o~.:ro B~E-=tse '.:raq JO s.:ro:}lpa.:ro Bq+'
's.:ro~lpa.:ro '.raq'e~-e~sa .:raq o~ -=tou ~nq) suol:}E.:rod.:roo.:ro
U01=~ E.:rod.:roo' 'suos.:rad ~o uos.:red qons o~ pa+nqT.::qslP aq
TTEqS' 'aTol~.:rV slq:} JO u01=:}.:::>as .6ulpa:::>a.:rd aq~ '.:rapun
pa.:rlnOa.:r ~unom-e Aue .6u1A.:rasa.:r .:ro .6u1Aed .:re~JE ~nq
pa+nqT.:r~s1Pun :.:IO pan.:r:::>:::>E aq ketu :}Eq~ awo:::>ul AUE .6u1
-pntoul 'V :}sn.:rJ, PIes u1 .6ululEwe.:r :}unome e.:rl~ue Bq~
'~VUOW :!l:SrnO'I N:!l:'I~H JO q+Eep eq~ uodn
La ..S
. '. .
. .'
, ..
ARTICLE VI
Trust Por Benefit of JANET F. SINN
Trust B
6.01 The Trustee may pay so much of the
net income from Trust B to or for the benefit of JANET
F. SINN and her dependent children in such amounts and
in such proportions, .as the Trustee .inits sole discre-
tion shall determine. The judgment of the Trustee
as to the propriety or arnountof any such distribu-
tionshall be binding and conclusive upon all persons
whomsoever'.. In making such determinations ,the Trus-
. .tee '.shall consider. .the .welfareand wellbeing of JANET F.
SINN .to' be .its first :consideration and the needs of
. .the :0 the r: beneficiaries. to. be .secondary. Any net :in-
. .come not so paid or applied by. the Trustee duri~g any
~rust Accounting year shall be .added to and become a
partof.thepr incipal of such Trust .:
6'.02 . If the distributions under. the preceding Sec-
tion payable .to or for the benefit :of JANET F. SINN
and her: dependentchildren,.areinsufficient to pro-
vide adequately for their health,. education and sup-
.port in reasonable comfort,. .the Trustee, in its: sole
discretion (having in mind other funds known to it to
. be :available therefor), shall payor apply for such
purposes from the principal of Trust Bsuchsums as
.itshall determine in its sole discretion. In making
such determinations,. the Trustee .shall consider. the
.welfare and wellbeing of JANETF. SINN to. be its first
consideration and the needs of the other beneficiar-
ies to be secondary.
- 8 -
"
.:,..:..... ....t--=--. ,
.~~,,-
- 6 -
.ae~sn.:tJ, etf~a~ passa.:tp
-p1? .5tq::t r.:r!o\ ur :tsanoa.:r eurp o~ etUr:t Ula.:tl TTEtfS etfs S1?
NNIS .~ J,~NVr 10. :t11eueq etf:t .:taJ .:ra o:t 'eUlaou1 pen.:ro01?
PU1? 11?droU1.:rd ~t[:t 10. 1I1? .5u1pnTou1 pUB a:t dn g ~sn.:rJ.
10. T1?d1our.:td etf:t 10. tfomu ase~nqT.:r:ts1P TI1?tfs ee:tsn.:rJ,
etf:t ".:te:tll2aIetf:t: aurn hUB :t1? PU1? S.:t1?eX (OS) ;:~11J 10.
a.5.? atf:t :6UrUT1?:t:tl2 NNIS . ~ J.~NVr uadn VO .,9
.. .:ra:t1?A.:res
-t!OO '.:to. U1?Tp.:tEnfi', ~1m.5-e hU1? uadn aA To.Ae :tau 1I1?tfs PUB
t1?uas:.:red aq tt1?tfs t1?M1?.:tpt[:t1lo\ 10. :tt[.5-r.:t at[J, . pasl2aTe.:t
eqa:t.:to. asd1?to.~ pauraapSTIeMad: t[ons: :t12t[:t: B~1?p: atf:t
ua Bqa:t' pa.:teP1suo.o Bg' ".:rapuna;retfsesad;rnd' tt1? ;ral
'Ttl2tfs: :tunaUll? uM1?;rpq:t11\'lUn eq:t 'a:t S1? B:tl2p ua1:t1?nT1?A '
at[~/UM1?.:tpt[:t1'l>1 s1. ~uno.Ull? UInlli1X1?Uleq:t U1?q~ ssaT :tueAe' ,
, BtI:t'uT ;rei ., .:t1?aX ;r1?pUaT1?OhU1? uT a1'1?Ul s1 Tl2l>11?;rpq:t111l
o.u ~1mAB: Bq:tUI
'pa~senoa;r os' :tau :tunaUll?: aq:t Jo.
~unaOO1? ua ;r1?eX .:t1?1'uat1?O :tuenoesqns hU1? uT ap1?Ul Bq
Tt1?tfS t1?droU1.:td las:tuaur.c\1?d au' ., .:t1?eh .:t1?puat1?O tfons' 10.
pua Bt[:t Xq.:t1?a.l .:rEPUet1?O XU1? ;ra] ap1?Ul ~o.uaq~sanoa;r
tfons 11. :tnq !X~.:tado..:td atI:tlo ant1?A :ta)[.:tEUl .:tp;>J ;ra
tfS1?O ur' ".:ra:tl2a;r.5 'sr;raAaqo1qL>i' ap1?Ul sr :tsenoa.:raq:t
q01t[l>1 ur .:tEaX atf:t Ja X.:t1?nUEI' U1XEP ssau1snq :ts;r1J
atI:t ua penT1?A . ., g :tsn.:tJ,la antEA B:t1?.5a.:t.5fi-e etGla
~ uao.:tad (S ).' aATJ .:tas .:r1?ttaa (000 '.S) pUEsnatfJ;: eAT~
10. ssaoxe u1 :tau :tunaUll? UE' I ee:tsn.:rJ,atf:t o~ pesse.:tp ,
-1'12 :ts,moe.:t ua:t:tr.:tl>1 uadn :':tsn.:tJ,atf:t Ja Ul.:te:t. Btf:t. .5ur
-.:rnp ;r1?aX .:t1?1'uaI1?o tfoEa .:tal g :tsn.:tJ, 10. T1?d1oU1;rd aq:t
UlO.:tJ NNIS . ~ .tSNVI' a:t XEd asp? treqsaa:tsn.:t.t.. atf:t
'S~Una1.UE .5U1=o.5a.:taJ' etf~ o~ U01:tTPpE UI
EO' 9 ,
6.05 Upon subsequent division of. Trust B, no
adjustment shall be made to equalize for any amounts
previously expended from the principal thereof to or
for the benefit of any of the issue of JAJ.~ET F . SINN.
6.06 If upon the death of JANET F..SINN,
her probate 'estateis not adequate for the purpose,
. the Trustee may pay the expenses of her last :illness,
:funeral and burial from TrustB, if Trust Bis then
in existence.
6.07 Upon the death of JANETF. SINN ,the
entire amount remaining in said T.rust B, including
any income that may be accrued or undistributed but
af.ter. paying orreservi~gany amount required under
. the 'precedi~g Section of. this Article ,shall be dis-
tributedto: :sllch 'one ":or mer.a. 'or all of her issue
(but not .to her. estate, :her. creditors., the creditors
of. her. estate or to. herself), ireeof all Trusts cre-
.ated hereunder,. .insuchamounts: 'or proportions and
in. such lawful estates or interes.ts, ,whether absolutely
or in Trust, .as she may by her. Last Will and Testament
specifically appoint.
: 6'.08 Upon the death of JANET F. SINN, .Trust B
sheill .terminate and the Trustee .shall, subject to the
provisions of any Section of. this Article requiring
any amounts; to be appointed, paid or reserved, dis-
tribute the .remaining assets to the issue of JANET F.
SINN upon the principle of representation. If there
are no issue of JANET F. SINN then surviving, the re-
maining assets of Trust B shall be added to. the assets
of Trust C under Article VII of this Trust Amendment.
- 10 -
'~--
"'."
.
,JA
- H -
illO~J saT~~ToTJauaq qons o~ alq~lT~^E seo~nosa~ l~To
-U~U'FJ pUl? aillO::>U'F ~aq~o AU~ UO'F~~~ap'FSUOO O~'U'F a)[~~ TT~qs
aa~sn~~ aq~ 'pa'FTdd~ ~O P'F~d os aq O~. ailloouT ~au }O
~unoill'\? aq~DU~UTill~a~ap UT
!sa'F~~ToTJauaq qons DUOill'\?
eillOou'F qons 10 uOHnqT~~sTP JO ;;:~'Fl~nDao~ 'p;rn6a.:r ~no
-~~~M laU'Fill~a~ap TT~qs uOT~a.:ros'FP a~nlosq~ pu~ alas' s~T'
u'F aa~sn.:r~ a~ s~ 'S~Unoill'\? qons uT (PTTqo pas~aoap A~
JO anssT a~6tiTpnloUT) ua~PTTqoaq~Jo TT~ ~o a.:rour .
~O. auoqons }o: :H"Jauaq pu~ asn aq~ .1 ~O} pa'FTdd~ ~ol'o:r
PT~d aq ;;:~ill ~. ~sn~~ uro~J ailloouT ~au aq~
. to'L :
. aTOn~v ST~ '}O
suoT~oas .6u1/1loTloJ' aq~' '~apun :paP1.1\o~d s~: :+sn~~ aq~ a:+nq: .
-T::qs~P pu~ :.:ra~sTu1urp~' I PToq TT~qs pu~ ua~PT1qo :atr-l-. 'JO
A1a.l\T:+oa'[100 :+T'Jauaqaq~'~oJ :fsn~~aq~~ju'F:-~: ~sn~iL
Ploq 11~qs9a:+sn~iL aq~ "s;rnaA-CEG) aa~q~;;::j.uaM~ ]:0
a.6l?: a~ pau~:j.~-e:al\.~q +OU TT~qs PTTqo fiU1l\.1T~safitino..r'
a~1 ::J +sn~'Jo fiu1PunJ: a~ uodn;I
ZO'..L
'Uol~:-e~uasa.:rda~ 10 aTd'FouT~daq~ uodn anssT l.{ons' 0+'
pa~nq'p~S1P: aq TT~qs 'a.:mqs'qons' I PTlqo pas~aoap ~ ;0
anssT aq~' '~oJ aP1S~. :j.as:a;rnqs ~ ;0 as~o aq+ U1 . ~uoT~
-~odo~d qons uT suos~ad qonso~' ~sn~~ JO aa~J pa+nqT~~
-sTP aq IT~qs pUE/anssT fiu'Fl\.~aT PTTqo pas~aoap ~ ~oJ
Alal\.T:foaTTOO <1~~qs auo pu~ PT~qo fiUT^TT qo~a~o; 'a;rnqs
qons' auo
!sa;rnqs T~nDaO~Ul pap'Fl\.TP aq pU~a:j.~uTill
-~a+ TT~qs ~. +sn~~' 's~~aACEC::) aa~q~-;;:~ua/ll~ JO aDl? a~
peup~~:fl? al\.~q TTl?qs PTTqo DUTl\.lT :fSa.6unoA aq:f 'ua~PTTqo
~OJ :fsn.:I~ aq~ 'JO fiuTPunJ' aq::j. uodn 'J1
TO..L .
~+sn.:I~
NO~2~ .~ N1hTVJ 'JO ua~PTTq~ .:I0'J ~sn.:I~
rIA 2'I~1~~
. I '.
any saurce, sa far as knawn to. the Trustee, including
the duty and ability af the father af the children to.
furnish such suppart. Any netincame nat sa paid ar
applied by the Trustee during any Trust Accaunting
Year shall be added to. and became a part af the prin-
cipal af Trust C.
T.04
If ,.fram time .ta, time ,theincame pay-
able .ta. any such beneficiary. under. the pravisians af
this Article and all ather. incame and liquid assets
available ,to.: him ar her. af which .the.Trustee .shall have
knawledge :shallbe .insufficient :ta pr.avide :far hisar
. he'r. praper. health,. .educatian andsuppart .in reasanable
. .
. .camfart,. .then the Trustee .shall pay to. ar apply far his
. 'ar. her: benefit aut af. the principal af Trust C, ,the :sum
. 'ar sums deemed advisable far such :purpases, pravided
.thereis. clear shawing thatth~fath.er_ af the children
has nat :the ability . to.: do. sa. The' judgment of. the
Trustee :as to.: the prapriety ar amaunt of any such en-
croaChmentshallbe.binding and canclusive upan all
.per:sans whamsaever~.Such disbursements shall be made
by the ~rustee withaut r~gard to equality af distributian
ama!1gsuch benef.iciaries.
. T.05
Up an the yaungest living child attaining
.the.~ge of twenty.-three (23) years. (ar. up an the death
af the:yaungestchild priar .taattaini!1g such ageleav-
ing no. sibli!1gs who. have natattained such age), Trustc
shall terminate and be. divided into. equal shares, o.ne
such share far each living child and o.ne share. co.llec-
tively far a deceased child leaving issue and shall be
distributed free af trust to. such per sans in such prapartions.
- 12 -
~.~':'=
-~
it
- H -
OUO"F~-e~uasa.z
-da.z ;0 aIdTou"F.:rd a~ uodn anssT LpnS O~ pa~nqT.z~sH)aq ,
II-eqsa.:r-eqs qons: ':3:WOW :3:SInO'I N:3:'I:3:H JO PT"Fqo pas-eapap
qons JO PITqo pasl2aoap 12 ;0 anssT aq~.:roJ ap"Fsl2, ::las'
a.:I-eqs 12 JO as-eo atf.+ UI . suoT::j..zodo.zd qons u"F Suos'.zad
lIonso~: :j.sn.z~ JO aa.zJ pa~nqT.z~sTP aq II'l?lIS pu-e 'anss,!=
fiUTAl2aT' :3:'i;ffiOW :3:SInO'I N:3:'I:3:H JO PI"FlIo pasl2aoaplIons ;0,
PI"FlIo pas'l?aoap 'l? .zoJ AIall.1'::j.oaIIooa.z-eqs auo pu-e ':3:'i;ffiOW
:3:SInO'I N:3:'I:3:H 10 PITt{o pas'l?aoap qons JO pn:t{::>fiU"FA"FT 1I0-ea
.zo;B.:I1?lIS qons' BUO 'saieqs 112nba 'o~u"F ,papTlI."FP eq 11121IS
:3:'i;ffiOW :3:SrnO'I N:3:'I:3:H10 PTTqo pesl2aoapqons 10 enss"F: a~' ~o
~ nauaq a'lI~'.z01 Plat[a.z'l?qs alI~'s.:I1?aA'( E<:) aa.:IlJ:~-A~~Jo1::j.
JO afi~ alI~ paU"F-e:j.~~ ell.l2lI Tl-eqs :3:'i;ffiOW :3:SInO'I N:3:~:3:H ';0 '
PT"FlIo pasl2eoapqons ;0 PTTlIo'fiu"F lI."FT ~safiunoA: a.q~' :3:WOH
:3:srnO'I N:3:'I:3:HJo PI1'lIo pes'l?aoap 'l? JO ua.zpTTqo aq~ '.zo;'
~sn.:q: a~l2.zl2das -e JO fiu"FpunJ a~ uodn' , n TO.,8,
:3:'i;ffiOW :3:Srno'I N:3:'I:3:H JO ua.zprFqopU'l?.:r~ .z01 s~sn.:r.L
r IIA:;I'I:::>I.LW,
.::j.uampuewv ~sn.z.L sTq::j. JO IAaTOT~.:rV .:repun g ::j.sn.z~ O::j. ,
:::> ~sn.z.L JO amooUT pu-e T'l?dTOU"F.:rd fiuTuT-ema.:r aq::j. a::j.nqT~sTP
PU'l? .:rell.O A'l?d ueq~ Treqs aa::j.sn.ziL aq::j. pu-e 'A.:r'l?To"FJauaq ,
::j.S'l?T alI::j. 10 q~'l?apa~ uodn a~'l?u"Fm.za::j. ueq::j. TT'l?qs :::> ::j.sn.z.L
'~sn.z.L pres aq::j.Jo uOT~ 'l?upu.:ra::j. aq::j. O::j..:ro"F.:rd eTP PTnoqs
:::> ::j.sn.:r.r. 1~ seT.:r'l?TOT1euaq aq::j. Tl-e JI 900L
ouoT::j.l?~uasa.:rda.:r JO aTdTOUT.:rd aq::j. uodn anssT
qons 0:+ pe::j.nqT.:r:+sTpaq TTl?lIsa.:r'l?qs qons 'PTTqo peSl?eo
-ap 'l? 10 anssT aq::j. .:roJ epTsl? ::j.esanqs l? JO eSl20 aq::j. UI
'.
," .
8.02
If, upon the funding of a separate trust
for .thechildren of a deceased child of HELEN LOUISE
McRAE, the youngest living child of such deceased child
of HELEN LOUISE McRAE shall not have attained the age
of. twenty-three (23) years ,the share. held for the ben-
efit .of.the. issue of such deceased child of the Trustor
shall be held, administer.ed and distributed as further.
provided in this Article.
. 8.03
Each separate Trust held for the issue
of a deceased child of HELEN LOUISE McRAE for whose
children a separate Trust:is established shall be held
as a .separate trust for all purposes from which .the
net :income maybe paid to or applied :Ear the Use and
. beriefitof such one or more or all of the: .children of
such deceased child (including. .theissueof any deceased
ch~ld of such deceased child) of HELEN LOUISE McRAE in
:suchamounts as the. Trustee ini ts: sole and absolute:
discretion shall determine, without regard to equality
of distribution of such income among such beneficiaries.
In deterinining.theamountof net income to be so paid
or applied, the Trustee shall take into consideration
any other income and financial resources available to
. .
'such beneficiaries from any source, so far as known
to: the Trustee. Any net income not so paid or applied
by. the Trustee during any Trust accounting year shall
be added .toand become a part of. the principal of such
Trust Estate.
8.04
If, from time to time, .the income pay-
able to any such beneficiary under .the provisions of
- 14 -
...."..~. .-....,-,._.....--~-~....~..~~.
.. ,
...~_.
.. iw.-.
- !iT -
':j.sn.:r.r. ;]:0 UO"q'l?U"j:"UI.:re:j. e.:roJeq e"j:"p peqS"j:"tqE:j.Se S"j:" :j.sn.:r.r.
e:j.E.:r'l?des E enss"j:" esoqM .:rOJ 3~oW 3SInO~ N3~3H JO PTlqo
peSEeoep E JO enss"j:" eq:t JO TtE PtnoqS
90',8
'uO"j:":j.E:j.uese.:rde.:r JO eTdIouI.:rd eq:j. uodn enssI
qons o:j. pe:j.nq.p:j.sIP -eq Treqs e.:rEqs' qons 'PTIqo pes"Eeoep
qons JO Ptlqo peSEeOep E JO enssI et{:t.:roJ epISE ::tes
e.:rEqs E JO eSEO -eq:j. UI . suo"j:":j..:rodo.:rd 1{ons uI suos'.:red
qons o:j. :j.sn.:r:+Jo -ee.:r;pe:j.nqT.:r:+s1P -eq tt"Eqs PUE' :'enssT
.6uT1I.Ee1 ffiffioW 3Smo'I N3'I:m JO PT"PI::> peS"Eeoep lIons' JO
, ,
PtTqo pesEeoep E .:rOJ Ate1l.1":\.oe1too enqs euo PUE Pt]:qo:
peS"Eeoep qons JO PTlqo .6UTAITqo"Ee.:rO;ra.:rEqsqonS- euo
'senqs TEnbeo:j.UI pep"j:"1I.IP -eq PUE e:j.Eu"j:"UI.:re:j. TTEqs:j.sn.:rJ,
q:::ms ' (e.6t:i qons paUIE:j.:j.E" :j.ou eA"Eq 'Ot:[M s.5unqTs ou
.5uI1I.EeT 'e.5ti qons .5uIUI~:j.:j.E o:j. .:ro}".:rd PT"j:"qo :j.se.6unoX
q::>ns ;ro 1{:tEep -eq:j. uodn :.:r0) s.:rEaA .cE(:)'ee.:rq:j.-A:j.u-eM:j.
JO e.6ti -eq:+ .5u1UTE:j.:t"E peqs1TqE:j.sa, 51 :j.sn.:r:t: -e":\.-e.:rEdes -e
ens'ST esoqM .:rOJ 3:~OW 3SInO~ N3'I3H ]:0 PTIqo peS"Eeoep
E JO PUqo .6U"j:"AH :j.se.5unoA eq:t uodn
SO',8.
. S-e'PE"j:" o "j:"Jeu-eq 1{ons nuoure uonnqT.:r:j.s"j:"p JO A:j.lT-enba
O:j.p.:rEn~.:r :j.noq:J:IM -e-e:j.5n.:r.r. -eq:j. Aq epEUI aq TTl?qs 'S:j.U;;JUI ,
-as.:rnqs"j:"p qons".:r;;JA-aOSUIoqM Suos.:red TTl? uodn aA1snTouoo'
PUE nU"j:"pUIq aq TTl?qs :j.uaurqo-eo.:rOu-a qons AUE JO :j.unoure
.:r0 A:j.a'pdo.:rd aq:+ D:j.SE aa:j.sn.:r.r. -aq:+JO :j.ueur.5pn~: ,-aq.r.
'sasod.:rnd qons .:roJ eTqEs"j:"Apl? pemeep SUIns .:ro UIns: Bt:[:j.
'e:j.E:j.S3 :j.sn.:r.r.aq:j. JO TEd"j:"oU1.:rd eq:j.Jo :j.no' :j."j:"J;;JU;;Jq.:retr .:ro
s"j:"tr .:roJ ATddE .:ro O:j.A12d TT12qS ;;Je:j.sn.:r.r. eq:j. ueq:j.':j..:rOJUIOO
aTqEuOSE;;J.:r U"j:" :j..:roddns PUE UOI:j. -eonpe' , q:j. t-eeq .:redo.:rd '.:ret:[
.:r0 S"j:"q .:ro;!: ep"j:"Ao.:rd o:j. :j.ue"j:"o"j:"JJnsu"j:" eq tT-eqs e.6peTMOU)[
eAl?q TT-eqs -ee:j.sn.:r.r. aq:j. qOTqM Jo.:r;;Jq .:ro UI"j:"q O:j., eTq-eT"j:"EAl?
S:j.8SS12 p"j:"nb"j:""[ PU12 ;;JUlOOU"j:" .:req:j.o TTE PUE eTo"j:":j..:rV STl{:t
. .
such ~rust shall thereupon terminate and be distributed
as provided under the finaliSection of Article Vof
this Amendment as if such c~ild.of HELEN LOUISE McRAE
was then deceased leaving n~ issue survivin~.
. 8.07
Should all of. the issue of HELEN LOUISE
McRAE die .beforeterminatioI} of Trusts under this Article,
!
the.Trusts: or Trust created lunder, .this Article shall
I
then terminate upon the dea~h of the last beneficiary
and the Trustee shall distr~buteone-half (1/2). thereof
. .toTrust .Bunder Article VI lof. this Trust Amendment
and one~half (1/2) therepf to Trust C under Article VII
of. .this Trust Amendment.'
This gift over.,. shall be
.subj:ectto the .terms and coridi tionssetforth under Sec.-
tion 9. OJ of Article IX of t;his Trust Amendment..
ARTICLE IX
Miscellaneouf:i provisions
9'.01
In the :event!the .Trustee 'shall receive
a request under any Trust 'e~:tablished hereunder for
.fundsfor educational purpo~esbeyond the :secondary.
.schOol level' (including pos:tigraduate :courses) ,the
Trustee may, in .its: discretiJon, disburse funds for. .tui-
tion ,fees, ,books, ,room and iboard, reasonable clothing
and incidentals, .and reasona;bletransportation between
home and schooli provided, ihmvev.er.,such beneficiary.
is. enrolled in. an accredited! university or college or
in a recognized and establis:hed trade or vocational
school, carrying a reasonab~e number. of units, making
reasonable academic progress! to\vard a recognized de-
gree or toward obtaining' a riecognized and useful trade
- 116 -
.,. ,,-- "~"'."C'.'''~'~-''.~~
"'>. ~ - - ....;,--.--...~~...."'.._:...- .........;..........."" ..n_.'- ..._....._.."'...._
- LT -
AU~ Aq DU1~T~ uT uCT~~oT;T~~ao ;0 aa~5n~~ a~ Aq
~dLaOa~ uodn asdl?t ttl?qs UCT~oas s.pn .~apunmrnow aSInO'I
Na'I:~rHo~ pa~u~~D~aModaq.L.~sa~~UT uT saT~~d tt~
uodn a.hlsnTOuoo pu-e .5u"Fpu"FQ aq TT-eqs =J.Ol?cs.c:j. uO']::j.
-~uTm~a:j.ap q:j.T~~ 1'000 slaa:j.sn~~ aq:j.pul? am'j::j.: aTql?uas
. .
-~a~ l? U1:q:nM. UCT~l?puaunuooa.:r llonso=J. papuodsa.:r =J.au S~q
awow aSInO'I Na'I3H ;T aTl?s llonsa}[~m :O=J.. paz"pa~n~sT
. aa=J.sn.:r~ a~ :' aT~s pasodc~d ~ a}[~ma=J.: ~sn~iL: :a-tn.;a.=J.sa
-.:ra=J.UT =J.saq aq=J.. U1 s'j:: =J.T uaT=J.a.:rosTP aTas s.laa=J.sn~.L: alf-l
uT. ';:IT =J.~1l=J. "~a.haM.oll. 'papT.ha-.:l:d :. apl?~ aq =J.OU TTt!qs
=J.uaUI:J.sa.hUT ~o aT~s ., aS~llo~nd papuaunuooa.:r aq=J. pau1=~::l-qa
~au s1 ~doW ~SInO'I N~'I3H;aT~.ha.:rdd~ ua::l-~T~; all=J. ~I
. =J.'UaUI:J.sa.huT ~c aTl?s.' eSl?qo~nd pesadc~d &Il?c=J. .p~~Da~ 1l=J.1"1>\
e^c~ddl? o~. mrnow 3:srno'I N3:'I3H;o T~snJa~~aa~nT1=l?~. a~. ~a:
ucs~e.:rAq pe~~noUT ~c pau1":e~sns ssoT AU~ ~c; :'\~TTlqTs
-ucdse.:r ~c. ;;:~TTTql?TT AU~ UIC~; peAe1"Te.:r pu~ past!aTa.:r 5']:
aa::l-sn~.L aq~ ..aa::l-sn.:r.r.eq~ .Ja aou~~nSSl? ~c .:ra~su-e..:r:j.: a~: .
uadn A1aTcs DUTATa.:r uT pa~oa=J.c~d ATTn;: aq TT~qs uC1==J.l?~ad
-~oo~o UI~TJ .' uas..:redA~all.a pu~ 'Ue.h1"D .ueeq a:ll.t!ll T1~1l5
1l?lI.a~dd~ qons =J.CU ~c .~all=J.aqM. uTt!~~aos~ o~ pe~']:nba.:r. aq
TT~lls uOT~~.:rcd.:roo .:ro ~l; 'ucs.:red cu PUl? .'=J.uama.:r1rroa.:r. .
S1"ll~ a.hl~M. Al?m ~ow ~SInO'I Na'I~H 'V ~sn.:r.L.:rapu~ a}[~UI c~
escdo.:rd A~UI ~T q011lM.s=J.uaUI:J.sall.uT ~c. saT~s 'sest!llo~nd
TT~ .:rc;. eTq~T1"~lI.l? pu-e- =J.'Ua~adUIco sU1"~ma.:r eqs Sl? Ducr cS.
~oW ~SInO'I N~'I~H ;0. Tl?lI.o.:rddl? ua=J.~1"~M. aq~ e.:rnoas TTt!lls
ee~sn.:r.r. eq~ 'V =J.sn.:r.r. ;0. DUTPun; aq=!- uodn
(,;0'6
'~apune.:raq pa~sa.:ra=J.uT
sucs~ad ITl? uo a.hTsnTouco PUl? DU1PuTq aq TTl?qs s.:re::l-~~m
qons Ttl? uT aa::l-sn.:r.r. aq=!- ;0. =!-ueUI5pn~ aq.r. 'ucT=!-~OO^-.:I:O
. ~ -" , .;
attending physician of hers, that she, by reason of
old age,' disease, .weakness of mind,. or any other. cause,
is unable properly to manage and take care of business
matters without assistance.. In the event HELEN LOUISE
McRAE has no attending physician,~theTrustee may re-
.questthe president of the county medical association
where he is located, .to appoint two disinterested phy-
sicians for the purpose.
9'.03 . Any other language to the .contrary. not-
Withstanding, to the extent possible, any shares. of
SY~CUSE SUBURBAN GAS COMPANY, .INC., held or received
by. this Trust at :the death of. the Trustor shall beap-
.portioned into Trusts Band C (including anysubdivi-
sionof Trusts Band C). Any shares of SYRACUSE SUBURBAN
GAS COMPANY,. INC., which cannot be apportioned into
trusts Band C (or subdivisions) may. be. purchased by
. DORIS C. FEARON or by members. of her: family (spouse
and issue) at Thirty (30) Dollars. a share. or its. then
fair market value as determined by the Trustee, which-
ever: is higher ..The purchase may. be 'for cash or upon
.terms and the Trustee. is authori.zedto neg.otiate :such
. terms and conditions as .itsha11 determine .sha11 be in
. the best inter.estof. the Trust estate:. If DORIS C. FEARON
or members of her family fail to purchase all shares of
.SYRACUSE SUBURBAN. GAS COMPANY, INC. ,which cannot be ap-
.portioned into Trusts Band C (or subdivisions of Trusts B
and C) or which may still be held in Trust D (or any of
its subdivisions) under Article VIII of the Funded Con-
vertible Living Trus t dated May 20, 1971, .created by
- 18 -
,:~,~......,.,....
~_..~......,.--------........,...._.......... -. -'-.
- 61 -
uat{::t ., ::tuaum.:qSU"j: .:Iat{::!-"j:a ;0 suo"j:s"j:Jl:o.:Id hUE .:IO .:IO::tsn.:IJ,at{::t.
JO ~uamE::tsaJ, PUE TT"j:M ~SE~ at{::t ~o ::tsnIJ, s"j:t{::t ~O~::tE .:IO
::ts;:;quoo '..:IaUUEtu hue u"j: TTEt{S uos'.:Iad hUE JI SO 0.6
"::tua~adtuoo pUB aJl:"j:TB u"j:t!tue.:I TTEt{S eeu"j:tuOu t{ons .:ro at{ St!
.6UOT os' (::tuetu-e::tseJ, PUE Tt"j:M ::tSt!~s"j:q ;):0. stu.:re:r -a~' :hq .:ro.
.6U'F:vr.::r.M.U'FNOmm.it ".itS3:'IIDlH;) 'hq .pe::t EU'Ftu~U u~s.:Iad hUi? I;')'
NOml:3:.it o.it S3:'ImiH::>" "'.:Iat{::te~ 'Iat{o::t sS1?d TT1?qs' :.:ralo1od: qons:
. "NNIS '.it J,3:NV.rJO houa.:+adtuoouT .:IO q::t1?ap aq::t JO ::ttIaJl:a' .
-aq::t UIO)[OO~st{ons .6UTPT.oqJO UOS1?a.:Ihq paup~::tsns; aq .
ht!tu t{O"j:t{lo1 SSOT hUB .:ro;): :h::tTT1qETT oueJl:1?q IT'1?qs: -aa~~~ .
eqJ,"::tue::+-adtuoou"j:1?tua.:r PU1? aJl:TT1?aq Itt!qs aqs s-e .6UOT
os 'NNIS ".it J,3:NV.r JO' ::tuasuoo ua~:rF;[lo1' -a1H ::tnOtt::tTM ;) .:ro.
a s::tsn.:IJ,Jo suo"j:s"j:Jl:Tpqns hU1? .:IO ;) .:IO as::tsn.:rJ, u"j: PI-aq .
)[oo::ts P"j:1?s: <3.t{::t. 'Jo se.:r-eqs' hUt! Tlas: ::tou' TTBqsa:.qsn;rJ,'. -a.q::t
PU1?' , NNIS ".it J,3:NV.r hq pa::t'O:JI: aq l1'l?l.fs';) PU1? a s::tsn.:r.t .
JO suoTs"j:Jl:Tpqns hUE .:ro';) PU1? a s~sn.:rJ, uT PIaq .'O;)NI
'XNVdWO;) SV~ NVmmans 3:sn;)wxs at{::t 'Jo Sa.:IBqs .:IoJ' hxo.:rd
att::t";) PU1? a s::tsn.:rJ,. JO .6u"j:pun;F <3tI::t uodn voo.6
"papuamE S1? ::tuatua6r.:r.6v :j.sn.:IJ, sJtt::t JO .
AI a"IO"j:::t.:rv JO a ~O"v uonoas.:rapun:j.n.6at{:j.o:j. papp-e; aq .
TTBqS ;) PU1? a 'S:j.sn.:IJ, JO s~ass1? aq::t 'pas1?aoapaq :uatt::t
TTBt{S 11Mml;) "11 NIATil;) JI . .6U'FJl:naq uaq:j. TT1?qs: .aq
J'F 11ID1.ml;) "11 NIATil;) o:j.- :j.sn.:IJ, Joaa.:rJ ;) pUB a :j.sn.:IJ, JO
s::tass1?aq:j.a::tnqT.:r:J.STP TTBt{S aa:J.sn.:IJ, att::t '.6uTPU1?:j.sq:j.'FM
-:J.OUh.:r1?~:J.UOO <3t{:J. O:J. <3.6En.6U1?T Aue PU1? a:J.EU"j:tu.:Ia:j. uodn
-e.:rat{::t TTEt{S. :J.uampuatuE :j.sn.:rJ, sTtt:J..:rapun ;) PU1? a ::tsn.:rJ,
, (stu.:ra:J. uo pasEqo.:rnd JT :J.Tn1?Jap TTEqS' .:ro)' .:IO::tsn.:IJ, aq:J.
JO q:J.Eap at{::t.6U"j:lo10TTOJ sq::tUOtu (9) x"j:suTq:J.'Flo1 'aa::tsn.:rJ, SE
VNOZI11V .it0 ~NVa TilNOIJ,VN X3:~~VAaq:J. t{:J.Tlo1 113:Aml;) "3: XlImlH
in such .event any gift provided under this Trust Amend-
ment, for such person or for any of .the issue of such
person,.shall thereupon lapse and shall forthwith be
distributed free of trust to the ALUMNI FUND, Cornell
University, ,Ithaca, New York, in memory of HARRY E. CARVER.
9..06
This Trust Agreement .:shall be construed
under and regulated by. the laws of the State of Arizona
as now :or hereafter in efxect.
IN ALL OTHER RESPECTS the Funded Revocable Living
Trust dated May 20, 1971, between ZOE. B. CARVER as Trus-
. .tor and the. VALLEY NATIONAL BANK OF ARIZONA as Trustee
is hereby ratified and confirmed.
IN WITNESS WHEREOF ,.theTrustor has hereunto: set .
her: hand , and the Trustee has caused i tscorporate: name
.1 b~(.bSCribed ~i~. dUo .1Yrauthor.ized of.ficer, .this
.. .j;: : ,day of" ')~~ I~~: l'~, 1971, at Sun City,
....... .
Ari.zona.
. ~~~. · fA\:?Q/WVl..
Social Security No.
BANK OF ARIZONA
"t-0jf
, - 20 -
.""_...,.--~,,...,,~!,,"--.~~.,.
~. ..____.....r......."............
- TZ -
./76.' 7'C'""'6' :
: sa.:r-~dx:3: UO~SS~U1UIO::> .lW:.
e ~~lqnd A.:rE~'O~
~,....~~? 7.~J~-;.??~
'/. 'y&' ....:. 2>~""
. "[Bas' "[El~l}}'O
PUE pUt?q Am ~as 'O~une.IQq I 'aO~:3:HM SS:3:N~IM NI
....:re~.
-rJ:Jo 1t~ns SE JTes~qAq )[UEEI aq~Jo eureu eq~.5uTu.5-rS
Aq'peU"fB~uoO l.q:e.:raq~ as'OdInd eq~.:rOJ pe~B~S uoa'.:retr-l
A~~OEd:eo a1.l~ u~ :'~uemn.:r~su1 .5u~o.5e.:ro;req~ pa~noe.xa
, op '0+ 'Os pez1.:r01.t~nl? .5uTeq 'Ieo1JJo q~ns SE. elf ~B.q~
pUE'e:a~snI~ JUO~~l?1~OSSV .5U1)[UEEI "[l?U'O'1~EN l? 'VNOZIIDl:
ao }lWEI TlNOI~VN X:3:'ITlA . e~ JOIaoTJJo+sn.:r~ e1.l~', aq
'O~ JTesmTq pe.5pe"[M'OU)[~l? OqM ''I'Inw.::> NHOE peIB:addE
krreuos'.:red 'o~1qnd:AIE~ON peu.5TsIepun aq~: "ama.:r'OJaq .
'H6T" ?7'~~d' '0 ;;.p FE:."""'''', uo ,
( Edo~T.:rEW JO i\~un'O::)
. ss (;
( VNOZIHVao ~~v~s
vlS! 'VG .~nv saJ!dX] UO!SSjWWO:J A:w
. ? J fi l' .4y '*~.. f~'V
:saITdx:3: uOTSSTillillO:)' AW
~TTqnd AIE~ON
j7~kYd:' ~?{r
PUE pUEq Am ~as o~una.:raq I
-1Bes 1l?1oTJJ'O
'aO:3:a:3:HM SS:3:N~IM NI
.paUTE~UOO uTexeq~ es'Odxnd ell:+.J:oJ aures a~J'O u'OT+no
-axa all:+ pe.5pa1M'OU)[OE ollM PUE :+uemn.:qsu1 .5uTo.5axoJ:ell:+
'0+ peqT.J:~sqns sT aml?U as'OllM uosIad all+ aq 0:+ (uaA'O.J:d
A1T.J:0+Ol?JS1:+l?S IC) aill '0+ UM'OU)[ 'a:3:AHVJ -EI :3:0Z pa.J:l?addl?
A1Tl?uos.J:ad 'oT1qt)d AI'l?:tCN pau.5TsIapun aq:t 'am eIcJaq
, LL6T ' )7>T47';}'?JC Al?p cfrF all:t ' sT1.l+ uo
Edc~1.J:l?W J'O A+unc:)
~ S"~ LA; b/j-2~
TO WHOM IT MAY CONCERN:
This is to certify that the attached "First Amendment To Funded
Revocable Living Trust Between ZOE B. CARVER as trustor and The
Valley National Bank of Arizona as Trustee Dated May 20, 1971",
such First Amendment being dated September 3, 1971, is a true
and exact copy of the original document being held in the vaults
of The Valley National Bank of Arizona as Trustee.
THE VALLEY NATIONAL BANK OF ARIZONA
I"/~~~
~Joe1L. Neuman
Trust Administrator
DATED: '71t.-ti..41 2,1, (r 7 J
I'
STATE OF ARIZONA )
) ss
County of Maricopa )
/V..f? /?1 /f '/
On this, the,,?:3 - day of~, 1978, before me the
undersgned Notary Public, personally appeared JOEL L. NEUMAN ,
who acknowledged himself to be the Trust Administrator of the
VALLEY NATIONAL BANK OF ARIZONA, a National Banking Association,
Trustee, and that he as such officer, being authorized so to do,
executed the foregoing instrument, in the capacity thereon
stated for the purpose therein contained, by signing the name
of the Bank by himself as such officer.
IN WITNESS WHEREOF, I hereunto set my hand and official
seal.
My Commission Expires:
8-24-78
:t~- e &.~~
een C. Barbee, Notary Public
t' ....
. J...;..
r. -
JO ':l1l<)"..t6pn~ vlFl tIT ' 11r;:'pm pep.1~N.xOJ 01) nq o~ :)OU O.:IU
t(!l.1u~C:~ .1UrFJrE pUt' !> lU.JlIlO:n:qO IU'fOUiHITl . I U.It'to::>:Il::l
. a3"p~0.tJ: . .:;:o~un.I.I. atn o~ .)\J':",; Dq~ P.J:UJ.\;lOJ Tlcqs OO:lGn:t:r. Otn
, tt~ "fJ.1D:t~'q:} UO"p0011tlOn lIT put;! a;)r~OU };un JO ~()TO::lO.1 'uoun
. PUiJ. . ~T:;;oc1.:>l? ,10 c3T~T.:rn:)o:3 mn ~oo;r;u kC'l.i l.{o"J.l!l'\ ;).1n~l?U
,. .1\JIP"T!J tl JO o.:c;)~~PI1! ..1~lInO !,iUt! GUOT~:I?::qup.6.1o;).l 'S~lf51.:t
uOT~t1'r.:ro3qno 'OpUO'l pOT"(IJO 10 ,pal:I.1oJuT, d.:J<>:fO~ G':}.loJJQ
~acq e:n oso llulls OulUn.lJ; Oll,L' (~) . . .',: ;.'
":. :". ;": '.1
1 :" ~ ."; -. ~"'". ...:
'. ". ."...
.to..4. .0'
"'., . '~'J: O~ A.lO~Ot!;PJT:}\?B ~uno\."m
pun ::WUUtlr:1' u UT P"T1TtllTvpUr SSOTUfl 'UO"F401? !.tIt? pltOJO~
.10 ' OGuod:w .10 knn:qe-n O~ :n 400~qllS i\VlH ~lI;):::l)pn~ ~lT
UT tF'Tqt.\ .J:o:}cn.1J, 0lj=l JO ~;noT:};)n.:qlwT krc tt=l l'H ^ldmoo 01
po.:qnbo.1 nq :tou '[ T'oqc <:lO:JG 113.1 ''''1IJ.( ~) ,'.
~ . : ; "i: ", ... . .' :.. . .'. .. .: .. .. Of' ~ ......:'
. euoT:ton~:; lm. \I,:q',l1.:U\' qon9 o~ ~uulla~nd pCltll::rOJ::rOO
'3:rn qo.tt:'\ G:pt? ..\un JO ~n:) bUTI::rf.:zu l=lJT'fQ\?lt TT" puo' ^U'l?
tlio::r;r. pOhlosqlJ oT iJo:}Gn.:r..r. m~ PUD ;ro:}an.:r,t Qq~ .lllO.J:;J: suoI~
. -on.:r:;Gu'f u<)~:;T.L',\ 0:; :ju,]n!J.:rl1d U:O.1Je.:rolP 99~)a;)o~.:i .:to ';:-;
.".:rodo::rd ~cn::r~ JO anodsTu as'J:M::rdq~O.::rO ::rahlTop 'na::rnq~lP
":}GOAUl ' PToq Tlal~:J a04!;;1"l.:t,L i>ltt.t., (r) " ., /'
: ...\...
, :~'..:....., ....".
. sar:Ht1:Q"pmod!3().J: ~UOl.:qG;)AtIT ou oA~q T't\?qo puu seOTA:IOB
DU'nn(3unoo -;Juv:qS()hUT en :ropu~::r 1Tolj3 aO~Gn.zJ, .ot!.t.", ~~1
O~ P~.:rvhTT~r sOT~T.:rnoos ~au ;0 a00usTP o~ fiUTTTU} ..:to
"fluIPI01! :IO; l.:t Trrqt?H AUU QO.J:J aO=l6n.:rJ, ~q:). 6.M"[09QV
ATTl:::lT.:noadc put? ' suo'PTooP pun s::r.mod ~UOtU~D~hOT tTll
OOJl..10oo.:z 'knutlos.:rod ::ro:pm.1J. ,ollJ.' ~(<:) .~ ":\" '.> :,' :
{~ .... '. ...".. :t;'.':,,~ ,.J ... -'~.... ....::,....
',; - '," (". .. ',: . . .11:'0/\ 'OTql?xt?:; qo~a ;10 ;;l90To l::)t[~ ~'O
AT"[I?t1UUt.?.!04Sn.!J, DIn O:} .10440! .{::rt?onune ~~\Jl 11 :IOpuO;t
11u\.lO puu :I04sn::rJ, Oln ')=l ofiuHunoooll :tllanbv.:q a:XOiU :xo
It?nuu'o ,J:opuo.! TluQ9 a,,::p'-n.7;L ol.{.t ..(t) ,,;" ,d'
,", .
. .'. .""-
- ..,.,.
.:,." ,....
: suol'HP
-UOO PUl] cm'::O-l fJuTMOnOJ aq~ ol ~::>o~qng oq tl;tl~B'^l~O
:,.' .... :; Ii .!. .. -." .: 't.," _":"
!SQ~~^~oo'pn~Ou:lTP .7opun PIaq D1sDBV "V
I. ..... "
'S3~an.T>tatI";} o~ r;).!ahll~p 6Ul~1..:rJJ\ 'uT .:rO-:}tlll.7J;
'oq~ Aq apUI1I oq lluqs lloT~oat;;l qong
. ^:lof>o.l?O qano.
. uTPTaq S~09St2 ;.)JI.\?{l 0-=1 asooqo hum .xo s3oTA.:toa f,uII03S
-unoo ~tt.,tlQg;)^UT .loptln Plaq ti~a5SU Oh'l]l{ o~ osooqo ,{12C1
I ."..; ., '..;. f' :
'. :XO AIUO ouo1= h.7;)O !lvlOO.7TP ..lElpun PIOtr S~c)!1SlJ O^vq 0=1
.;.< r . ..;"': . . ".'
.; 0900!tO ;:mu .:to:)stl.l.T,alIl ' O~12~s:;r~sn:IJ. el{~ 10 ~UaUl~SgA
. ..o.. . ! '.. ... . . ~ ...... I 1 ...
. -tiT. oq:+ o~ :).oudoo.7 tI::j 110\ GUOTDT:)~P ;}l{t?~u 0:; ':l ui)~ad\lsoo
knn~UOll.l pill? ^l1uoTuJ::qd 5TITanro:x .xo~f.ln.:t,t 'Ot[lGV fluoT
I ~~
','
09 ' .:ro~sn:rJ, <>41 ;ro O\wpoJTT otn f:lu'pna
90. t ':~ ...
, .
,l.
i.' J !". 'I,,;
- ~ -
~uno~sTP-doo!, OS~l\OInJ ,hit ~~=lcn;cJ, urn I EunmT.'~EJi{:il"\10U
^.!t?.I~UO:> ot.r-l 01 u!innfmf>I .l04~O /.U\[. .'3
.OUTMOtToJ III eloT4.7V UT ql~ol ~QD ~llnJoibw ~
. r. ~:. .:.:'.
'~sn.!~.oq~';o Gar~TtTqTsuodsa.! ~u~vofiuuuro tvnsn ru~;tln:
. . o~mSSl?"t'rt?qg oo~sn.!J, <)t[':l .!F.lllt?O.latn' PUl? ~':lO;)1J'O' pun
. 'O::J.Ib~ ioil.m;J OU }O oq lI-eqs PUI1 Otqt:!Ondd-e oe{ 3~fit10t
Qtt" TT11q9 90't uono~G gT~jo or.fsn'(oU"f '~UOnl'>a9'
-qns pU\? (9) . V tI.6no.!tj~ (z;) . VtrOH09SqnS ;r.;pun' 'ir:l:z()~
~as gUOrnpuoo PUtl DUl.!i31 a"t{'l" ~n~oo. .:> ucno9!:iqns' Ul
- .
paqT.!090p G.ua^9 a~ ~o DUO PTnOtlg
.0
!--
r.' ': I.'; ,~.;,:
. ... .:,.,~ ,- .~ ~ ~.; .
.,
'. :'..;.',}'1 ,...~,
. .!049n.!J, 3tp JO q~'e"'p .HH noon (S>),
"
. .:?: ., ~".J..""
'aout;'~SlSG'e 40ml4TIo\ s.:x;:q:P)lll coaulsnq }O a.rao o:l{i?:J puv
o&t?u~t:1 o~ ^T.:li)(lo.:rd atqntn aT 'usnno .latnO ..{11\'1 .70 pUlOl
JO ssou~e~ J~G'ea3JP 'au'e pyo ]0 UOSUO.l Aq '.70~Bn~
o~ ~'lO!tf.l.. I e3~9n.:tJ, Oln Aq pa~s.mI)3.2 os nOlT1-\ pa:r'?ooy
u~q~ ET .J:o~srl.!.jj enn q;)ll!~ uJ ^:}unoJ otA JO tloJ~tr,o
-09GV t~::lTpa{'1 };~trno=> ~an ;10 ':lut)PTSv.lc! ot{:l Aq pequToddn
oq o~ 'SUEloTS};qd OM~,mO.lJ fiUT~T~~ uT UOT4~oJJT~.!a~
]0 ai)~Gn.:t.L aq~ A'l ~dlO:lQ.2 uodn I u'eT:)Ts,~qd fl'<r,pua':l:J'~ ou
sn~l .!04on::r.r. ~q~ ~U;Ma aq~ U1 (f:)
'a:)Ut:"~aTCa\1 ':lnOtI:JT^
G..ro~':l'lO!:U SSQuTGnq ]0 t)::rl?O e,,{tr.:l pUt? a['t<u~E O:} ~tt.Tecl
-o::rd orqnun B T .:to~ S tUJ, oq~ I eo n 1:'::> ::rmrlo ,{Ui:! .20 PUT111 '0
socu~t?OJll · cHl'e33l"P , 06'11 PIo ]0 UOSUd.:I ^q , ~t?~ .lO~Sn.:r.L
cH[':l ~o UUIOP;l.qc1 oUTPuo:nn hUll hq 6UHT.:rJ.1 uI UOTl\101Jn
-~~~.~.;JC:> a_,?~an.l.L uq~ ...r.:q ~d'Fooa(:r. .c.l~, : '-" t: ~l'."":
'~Rn~~ 9Q4 10 A~TrTqlGuodSo~ :IO
lO~uo:) l{:>na awnGst? o~ .J:O:~Dn.:rlt eq~ oo~J f:,U'PT::rIt"Ul o:>>l:i
-o,u ~o o~qnt\.:t.L aq:J Act ::jdlOooa (t). . _" '.
s s~UaMt DUp1OnO] etA.]o euo if 0 fiuTuaddvtt otI1
. ,
<4:.
,,:"'J' uodn ~~H.J~TGuo~ae.:I pun lO~uOO ':lu~llqGa^ul Ol3t~~
PU,tl: ~~n1~ amn~~t! 1~~4G ;);)~S~.2.L _e~J. .~. '.:. t...::. '
: I .f; .~.. '. . ""', . . D:;tz6p: q::mn tTas tlRtjS o~:~tJn.i.t
Otfl ' a:qdxe s:+qoT.:r q:>nD O.7oJoq El^t!p sl3~u'Pmq (S) O^11 ~l
-q:q:M D:}tIDT.2 ti6\13 JO uornsodsTP oq:l 01 ~:)odoo;r t.t~TA 'oo~
-sn.:rJ, Dt(:} ~;:m.:qsllt 0:; tlt?J .:zo:)Gn.lJ, at{:} Plnoqa pun 'suoT:}
-U11tIO~r,;;ooa.:t ::} U01!f.t sOMq C:} T Q:} l'~ . ::tol(:;auO-=l ' ;.JF.!n.2.r.UT" 'Ptoq
GOr:n.2n~o!) O';l ':lo::,d::;v.! t(:)"fH G':Iq6"F::t UO"ndT.xosqns AUt;' 10.,.89
-or~.ou p.:n.?!'\.lOJ tlln!::! 9C>~Ol'.:r.L elT.t (l>'
~
" "
. .
. P;)PTAO.:td .;lO=l1UUTO;lGl{ SUOJ~lP.,'
-lIOO pU~ Guria~~ "'q~ 1/0dO pU~ aasod.:tnd PUg C061\. ...q~. .:t9l'. ~O
.1.
'. ~"L..
pt;\sodsTl?' PUt?, pifnoJ:~uo=> ' p06Utlt'nI oq l1uqs ' JO~.J:Olrl. G~U,)U1
-~U~AUp.:I' Plitt. B~uouI4s"Aul Gtrl put? :,uoG.:Iad .laq:lo.~tta,~'JQ_,:;.
o~n6 GOATA .:io~u1 r.q':lo :rO~Bn.::r.!. 'oq~ ii:q Ei1Jl'O GO(l.i~; .t?;}.;)
-u'f'~q' ittOs.:tod .iO{t~o .llm JO ~uC)um~a;).Lpuu llH\ ~!Jl1:t,ptp,~..
;(<)pun ;LO' · ~uoml':)Go;:r, put? . T11M ,*S"'1 E! ,..:to~~n.7,L Ol.{:l. .~upu.~
uOlri'F~O.7d.:lo^o-,:mod '4U~ JO ml1;to~ .,q:J' ii:q :+StU.t ~TtP...,.Ql, ,.
DICfOht?d o pur" aq o~ asnt?o .:to ppt? .:IV-l:p~a.J:0q:}^,?LU .,..o~~,~~.t:,:
otf.J'qo''ittt.i .\:}.:t<3do.IO :ra~o hTlJJ tI";l lU .704=l~.50:l ~ po.:r.7Q,jp:.~.g,:r~.'r
. . ~ ." .
11' rJl::i.:rodo;rd .qons ~l?q:J 0<>.:1.0\1 ACf<l.llQq 'oo~e'(\;r.L ,'oq~ ;puS.:~.:Io:}.....
-(In:I.i\~it.L' .o~e:raq ~;)qo~:n\1 oq o~ cOlnp,H!On Tl?UOnTP~'%lHJJ
p."~Dn ~c( tl'P\ tjollP. 'pU17 .J:o~lln.:t.L.,o\f.l' iJo l=l~agOtH~Y';JU~.._
-d~s ~';nj lIotW,\ S:I"SU'Q .1OtT40 t.t1 Tit. ~lJlU,t Dt[.l pun;] 9urr:l o~
Ol!1l:} tUO.;lJ./;'S1lI .;Io:+un;Q. Ctj:} '!UO'H1PPll. UI
:, Joa.:r!>t{ ; ~~,d,..
l?' aptnu ptm O~O.lmJ. paliOl;?1~~ ..VII' 01t\poqoS aT ~~';JIi'H:~ e;fV,
tl6.jif.1o\ Iluti ii:~::Xaclo:.rd CJ~~.7~da9 PUg o'[os 91.1.o~~n;rJ. .ot{=l,:,.~~::
''C'(:l!,{l.\ 'S~OSfI't1. er)~aniIl. etp o~ eabTsflt' \)U~ g.t;e.\Uo~. -,.' B.10;Y
'-'Sm?.::q KqaJ:att .Io:t()n~ Ptj~ · paup;J~U~D U1Q.l~q U~qTi'~AO".
:, . 'tgn~t'\ui Bl[:t pun SOD'Tura.:rJ eq:) ;P -ooHt).IOln~UOo ~I"
. ...........-..
-....
...~.--: -----
-n ""'::'.. l - ___
: n~i""3ff9~N ~TK
;., ~.. t:.,': '..' .,.": ~-A ..
'... :",.t'.. -.1"
,. ..':. I .' ".
,....";'
. .';'ei)~sn.t.t.. ell O~ p~.I.YlitiJa.% .Yv~iJ\1Ule.YElq:,,~;~O"R
-"ojo09t1V;6u'p!uvn leuoH ....tL"" :JVNlWllfj\{. .:10. )l.i'niti '1\~L:l\t.&;~~l~
.. ... ,
. }'&'1T\ll\.' oqo; puu I ..:IO~!3t'1.:rJ'.H . un o';t .pa.A.'I~lo.:t._~~~~~~l~~~t; . '\ ~ ,
:. I I u:::rA'liv::> ': . g 302 uoew:wq PUl? ^q ,I T l. 6 'C ' ^ 070.::. . I ~.. \
J "10' ^-ep.7.TF~ STttl Opt?'ll ~J.tJ7.H2ffiIP\l J.SOHJ. SIU.L,) . . Cb ~~
.. · ~l' .......1 --: '..r~." . \\..~60:..-- ~
.r ~ '~..'.:(:":~. :.
.1' (fol'1mlJOM[U}:...
~
J,~.;m!.!. DIUtU'I ~r.rnlJ.}:I:1NW::> o;rrONoa
"
,",.
"
-------
'. " ...,.
".0 --:;-~ "~~~~;~_~~
....". "
-~';~':"'.._'-""-.-----'--"'';''--_'''_--~-----''-_'''- .-..
.--.--.----..-
^Rl'ICLI:: I
-
Powers, RCGc,rvcd by 'J'I:uHlor
,',
. t ~f
Loi
. ,
. 'l'ho 'r%.~u9tor hlll)', f.rom time to dmo,
: .... I .. . ".
'alter, 'amend or revoke 't.his 'l'ruGt"Ayr'eeraoilt 'by wI:itten
- .. ".: .- .flr....' ,. . . , . (': .
inotrwuE:nt (otherthnn tho Trur,tor I B ,Hll) filod with
~. ":..' . ..... '. '
the Trustee; provJ.ded, 'howover., tha. t tho au ties ~'ll<.1
o;iiabhitiec of the 'Tr~Gteo ~iw,ll I~ot be substantially
. changed "Ii thou I: its writ'toll conc:,.-nt.
, , ,
Front :J and. af t'er
I' " .' t '.
the' oeath of tho 'l'rustor, thir; Trust 1\~Jree;nent shall
. be 'i-;"j;evoc~i)l';'" .i., . .'
1.02'
,The T.r,u.stor rCfJerv~~ the right to direct
,~.th~. T2;ustee ,as ,t~ paYI~onts.. of n(~t in~a:nc nnd :prinoipal.
:1. J.~.1.03
The Trustor may trannfer and convey oehet;
f,roperty to the Trustee,. and l:ldY increase. t,l:)ic;., Tru~t qr
A~y~"krirt .thereof by b~qUa~t or' devise,'Dll subjeat ~o
I. '._ .,.. ....: .. ;. ,". ~ ,.! .; . .
acceptance thereof bi the ~rustea.
,
j ,
I I
J
I
I
. '. . .. ....~. . '" .'
....,; :.:lr~O,4." The Tr\!8tor Cl<1::Z' aQuae I;h~ ,dQath be1~ef1ts
II!"'''' ,,, '. ...". .........
'.qf.lloUcies 9~. l1ie insw..Clncc to' be muda' 'l~'ayabi~ . to. the
i '. .", " ' , ....
.~,1;~,steo. The Trustor. shall l."(!tdi~all ri9ht3;6[Jt~c:)JiG
';i~~:~tid'1~19 a~y ,ben~,fi~s"accr!JinCJ
t' ........ . '#, .... .-.. ,:"
~o .insured. , ,The Trust;.or aha.Li
and privil~'lGl3 conforred by tho' torn;s of all pol1cioa.,
.. ..,... .
during ~~e lifet~me,:of
,':t.~. ,...... :. " ,... " 'I .
"wi th(lra"l any polley' of' !risurlil1cef1.~om the CU'otocly of
,thl,l-'I'ruGtea, all ~:Qll.as surrt:'ll.;.ier, borrow 011', Qr 'ple.lgco
.. t. . . . . .
'. ~" .~. .... . ..' . '. .
anY..'pOiicy .:lS $OCUJ;'ity'for any lOtllis; provi4G!d, .howover,
. . .. '. - '; \ . .
"th!p"TruDt. shelll include On11' the net ,proceeds payable
. '.
rf,!t,dn the ,i:igt)t 1;,0 ,_
. ." I . ~ . " . I ". . . ~ .',
.to tho Trust at tho t.1,me of death: of the ill~lUied.,~.
,.. ~ , . .'. . " . 0 .
1: . . ~ ~: ;.'~ 'oO 0...:....:... . : ~ . : . .~: . .:
rl:,tt;~,\1.05 , :^nyright;1 or {Jo\o,~or~ reserved by thQ,
\,~~~~toJ: aro PGrs:o~<..d,"~d~'>a~la:U not be cxorCis.iblo, ;Oy,..
o' .. . 0 -'10 . .
'any' g~Dr.Ji''ll1 or o\:ll(:)l; _parnoll':II rcprcsontatiVQ. ....
"1
i
'I
'I
,
I
j
"
- 2 -
L -
.;
. A.Uq:O
-TJDU~Q ~ong ;0 ~tJ~uoq u~~ ~OJ AI~oo~TP D~Uo~~~d ~On9
LUt~1ddu.o~~un~~ oq~ Aq (~) ~O 'puoT~J ~o ~^T~~tO~ .~~u
OUlOn o~. (E) :u:;>"fp.xnnf, :L;:lq .J:O. ~T\l o~ (Z) U;.:tapp,?lt':7q
qon9 o~ ^1~oa.xTP (1) :Qlqu.xlS~P ~BOUl Qq lIt~. uOT~v.xo
-sIP oloS u:n. YT St? I af.uH l>ult'\Otto~ o~ JO Aue U'f: A..IfltO,~J
-OUCiq lIOns JO :HJou<>q o:n ~OJ' ov~sn.:tJ. ::>tn ,{q epU\:l oq .AVUI
. ,. .
A:l1Trqu:JTP. ;wpu.n ~.:nJ'fOHouoq 12 JO.:+ HClUOq ,olf.l .:t.o~ ~o
o~ ouoT~nq!~~9TP .xo 5~UO~~U~. .a.J:~440.xO ~~q~ou~ ~~T~
,.hl!UT~~ ,.10 Ow-eu .7<>-q ~o ,ST~ ul P">T .:u~o ~unoopu l-t~, Ul
f.xuToT~a~a~ ~u~ JO ~lP0~O a~ o~ ~UEq f.uu Utpo~Js~i~p
oq' A.J:UPHcmoq 9;;0 uonO<>.J:IP oq4 42 · AE\'1 1.H.lJ~U"f.1d
.10 OU:O?UT ~o suo"Rnql.l~aTP :I.? ~:J\li)~-ed l:O:Z;.: " .l'~
.. . ~. :1;aA609
-~04~ Duoa.xud IIU noun uA19nlOUOO pun 6UTPuTq,~Jnul1
?q lluqs uoo.xoq~ o~unTta~ Ul ea~s~~ oq~ ~g,up)~
uon'oe Aun pue '~o~.J:.:lo:> aq 04 s3hol"[oq =n l!:>ltl~ UQ1~~1II
. ". t .
-~o1uJ pu~ O~UvPl^? uodn ~~~ pun,^la~ ^~~ ae~~n~~ oql
El:)uamAVc1 .\lons AU\:! 5u1=~{l)ut uT pu'Q ~on~ sl~ U!o~;J Oi)~}
.. "', .. ."
aq Hults l{o~;[fio;['Cd ~ltf.l ;)0 ~t,IOiS"fhO.:rd eq~ .J:'3pun D~10~.L
. . .t>11~ AQPlt!d UUlI\li T1\! . .:rado.:x<l [>tt\1 9'(qu-:)''f~ba~ SlaO;>OP
eo~sn.x.L eq~ G~ ~~p.~aa ol.:xo~sn.J:.L a~ ~suTDbe D~UI? PUV
a~qep.aij~ JO tl~ .xo auoT~.:xod ~on~ '~~o.:rTV aDxcqoGTP ^~~
.:to ~a~u~oD GI.xO~Sn.1~ a~ ;0 e^T~D~UQse.:rd3U It!U09~Od
,.~~~ o~ At!U 'uoT~o.:ro~TP a~n'(oaqu G~l Ul 'A~woo~Dn.:r.L
aq::} ..~nol~lPl'\} UI oeuFuU4oP u01~o.:toeTP en UJ..AP.I:1},'f
s'e::~~oa.:qp -a~aonbaq fU'c flU?H\?LlnqO ~ona AUll a~~\ll{o:!lP
'--^i?t:r"Ci;)~siUJ, .nn .:xo " :loJO:I.;)~~.. ;;;rllsepoau O,TG e~ fJ1uri0t,m1
19uol:+1PP-a q01l3 a^l~Il~Ul)a'3:tdau .Yl"uos.:radD. ;Io~s.n;c.r. ..,tl~
o. ~no A~d 'a^1~~4ua~o.:xdau t~uoO.:xOd a..:xo~o~.L aq~ '0.
---------_-..._-----------~-~-
. .to" ',1:.
,
"
. -
-----..-------- ----. ---~.--~--
tho 'l'rUGl:P.I~. tho matter in of I.1.llusuul i:lportar,ca an(J
..should Lc brou3ht t.o the uttent-5on of tllc"l'ruutor,.:w
a J1CC0.S0ilry ilid 111 the l1Iatt(~r or the ~:J:l.1:Jtor I B. inveGt-
JrlCIl.t jUdgrnont,_ ". 'i-:;'. .. .,.r ~":.~."." :,'\:..1".
iC ~. . <; 1 . '" ; ~ .. .~... -.'~ '':". "." . w_. " ~ . I ".
:..:..o.;~ ". ,'(5}--. ''l'ha.~hn:Jtce oImlJ.'fon;ro.-d no:"
ticoo. -of any' Gubacr iption righLr; ~ri th rCfipact t~ Gocur";"
'itic3.':..hcld in trust al1rl .ahrJU,ld. tho 'rruGtor fail to in-
struct the Trustee ~1ith respect. to tIw diDpOGition of
. such rights ~.rithin rive (5) bu,-:ino38 di'.)lfl before such
rights expire.. tho Trustee shall (;011 ouch. r}.g~ts;~ "
=:(.f." .:...~:-....
. ~.: .. ...:.. '",
. , J "." .
hold u'nder iiwesti.ient
~:':'
B. :,ZiD~t~
'.:" .
counseling services shall be subject to the follO';/ing
o " .:.
: 0 ~ .~." :"!. .~ 0; .
terms..and condi tiona: . ' ," "
.'. .:: .;~.~ ~ .~"" ::
."~~: ;,....~.,~...:;.~.t
(1) The Tru.:::tee shall render annua.l
or J:l.ore frequent accountings tc. the 'I'l'UOt:O+ anu. nh<111. ren-
der n, ta:(, slu~luary letter to the Truntor illlnually'<!.t .the
.clQO'o.,'of each taxable year. . . "~'. '...:.;..".. ,;.
:>': 0-:' t~.. #: ., '." .....: . ...... .. .'.
. ....:. (2).50 10n(J ita the 'f1;ustor re:mains
'Co:npa1:(.'lnt and available, the: ~l'ru:::tce Gha11 secure the
written appnwa1 of th~ Trustc.r for all purchascG, sales
or investr.:ents \o!hich' it nay prupoao to 1:~D.kQ unuer.' 'this
;'l'rUGt.:.:'.. ~hc Trustor may waive this requiremqnt and no
pcrnon'rfirm or coqJo.;:;ation slwll be rcquire<.1 to ascer-
,tc\in:t~hetl1er or not auch app.rovtil shall helve' been given
and ~very pernon firm or corror~tion ~hullbe fully pro-
_toeted in relying Bolely Upon th(~ trarwfcr, or assur.ance
'of .tho: ,-,rusteo. The 'i'rustcn ID releuscd and ralioyed
froa;i\ny 1ial?,ility or.rcsponoillJ.lity for illly.1030 OUo-
.'i;ainccl. .or iucurrcd by rciHlol1 of the failuro or refuoal
of the Trustor to approve \'lith rC'jard to any {JropvEled
purchase, sale or inycstment.. If the ,.tritton'approval
of the 'l'ru!Jt('.r is not obtaintld 1 the r(.coir.nu:mdcd purchase!
snle c~r investment shall not b,.:: ~llide. Provided, ho,1/cver,
that if, in the 'I'rustce's sole dJ.acrotion, it,1G..in tho
bast interest of the Trust to 1.1.:1ko a PL:c>poDcdsalc, tho
.'l'ruatca is ul1thorizcQ to r.w.ke ollch .oale if tho ~l'rt1stor
haa not resnondeti to such reeO! ":',cnda tion ,,,i thin a rca-
:ccmable .time I. and the 'l'rustce' r:: 1]001.1 faith d~tcr:uinatioll
to so act Shilll be binding and cunclu!':ivc upon all pur-
:tiaSrinlntEtJ:<Jst... .... ..,_ .' ':!.....I.:.
k' i :'~'.. . ..... (3) _ The Trustor It.dY direct tho 'l'rus-
teo to make purchases llnU sale!.: not suggested by the
:1'ruateG by t'lrittei.1 instructiollf: delivered.. to the 'f.rustco,
and the 'l'rustee is absolved frG;',\ any lIn:i all liability
'arloing Clut of any .:lota. "..bieh ilrc per.(ormod purEunllt to
, sltch \'..rittcn inst!'uctiono. 'J'l1<.' Tnwteo shall not 'ba
.requi1:cd. to. co:n!;lly \dth any in::tructionu of. the Tru3tor
which in its juug:'lcilt IJEIY !lubjl'ct it to 1inl.>111 ty or E:~~-
panse, or dcfl.mtl any action, u'.lcss iflli,e,,\Oifiell in..il man--
nor and w~ount oatisfactory to it.
. ~ ". -' . . .' .
- ~ -
~
:,
- 6 -
1.
c<l";l tin3J:, OLFl 'A.:It?TOJ J;:1IlO>q qons O. olqU^vd an.,Lco:> .JO aU10::lUT'
.luu ':l9Ul\l.G-e l.:t~'Pt;au<)q qons ,,#0 ;Io':\J\Ja.l.o,luu do.';l.rod..
otn uo l)PUl?.lqumolla .:xo gs:)oo.:xd =l.:tno;:> .lCllI=lO .:to ~u':>\IIl.{~t)~,
-~e~o AAol lue ;0 ~u6u~p AUt! nl o.:Ia~ 4Vl~,.:IO ':lcni~,
AUu" .:I 0 pun , .:IE'll:! .:IO I4Ilt[ O:} 91qt.'^'\1d :}unoutl2 .:Iaq~o .:IO, ~T;J ,
-clUaq ,t!l~ ~~12u~rnU .:IOU1!\?W ,AU\? u1 ~HJ1/>Uati':l0 .:lO' a.&~94o,
I .Iaqlun~ua 'o6p<)ld 'u610:1n I ':1O;p3Ul1.)~ I lTas 'a~l2(lToTi:lun
;-
\
O:}, po~di.\ro::r~v ~eq .:IO ':ldn:quuq .:IO ~ua^10au1 Ot.lO?oq BVtl
";lonJ:.r. ;;:un JO l.:reT::l1 J:.moq ;;:Ut.' ~ utn o;;luT\:I.:Irqop f.)a~I,Jn.:I.r.':
aq+ ,if I: ." ~on OUi>rrt? .:10 .al).reqo 'OOUO.:Iqr.l!noua · appaid,
.
f'
..
'':luamu6fsae ~.:IaJgu~.:I";l 'oIns:/uol~~dToT+tro o~ .:I~au~m
.,
J
~'
;;:UI1 uJ ~oo~qn9 eqlTut{!l :lsn.:I.t ;;;U~ JO llnd.loo .:IO atUOO~
OU '.70~Sn.:Iili eq~ 10 Q~p.ap Q~ .:I3+1~
LO"~
. '.'"-.
... '. ,
. ~ ;. .'.: 1; .
~ '. .. . ~ :. ': I :.,
. a+t'+s~ ~Gn.:I.t
eq1 :;IO oauauxe €JlI~ +"9 '\:}.:Iooo.:zd 1\'!~.:I .:IOJ .\.7.:I00 At!m :;n.
h:>J10U ;;:rHlq9H s:nlt!H i:lGa:>xa ~O}{U~tq .hUll .'t"'pun~'l'
-.:ro':lp.:td, G!H epnl::luT O;t pazlJ:oq;tnu ..loq:p:n;r ar 09~c.n.IJi
a~~ 'O~ op o~ BrTEJ ..104g~~ oq~ JT e;tn~Sa ~sn~ o~:
tUO..lJ' s~uew.{vd u,npu&.:rcl 90UC.:IOSUT Qq';l E1){~l!t o~ razT.IO,
-ttlnt?flf ~<;ll9n:r.t aql pUll aalBn.:r.r. GLR Ol h.:rOloU;JSl~'\19
~UnO\mJ Up UT oJu~..ln3ul ^ltlT(~lt a~..lOJ UJ u~a~ Itnqs
;f0:} on..l.t oq.t ' · k:~.10do.:Id oql JO' .:xJl~dil.:I pue c)::)Ut'ue~ut~1D:
. e\.tl ;to;J .IO _ I C!'IDTUlO.:rd a:)u~.:rnsul h+TTTq~H ptte' .-.tnp
-rul\1:> I O.:IT.1 -'O~tI3\IiSL~OSOV ' S(')X't?:} a~u~s~ 100.:I 10.: lUOtlJ
-ked Oln.::ro;s knnqrmrodGo.:z ou 91UnElS~ 11'oQfJ ea~sn.;IJ;
Gq~ '6~Hl.:xl'\ ul ;;;It'J..l~UO;) ot."+ o~ aO~f;n;r.t Ottl IJaSfApu
.:zo~on:r.r. aq:} n~un .:to ":}uo:}edUlO::l sUT't?~r,).:z .:rO~Dn.:r~', PQl
0\1 fiuoy os I vl:1'H~;rTl 9 I .:lo~alULt PLH 6uT.:znp e~:tDn;lJi'
El\.t. O:l .:ro~Gn.7,t al~ ;;q paUt-U> Gott~Plfll').:t /i.u'Q JO el=ll=l
lUUQr AOAUO:) PInoqe .:tol~n.:t.t D~ 1I 90'Z
l
,.,...---.
. .
r,'
-__.J,.......,_
., ,
1
---.---..--. .-
.....--...-- ..-----....-------.
.. Unit'cd Stdteo 'l'rt:Htsury hondo rc:ucernablc at par for federal
. . .' .
estate" tax purpones uy bor'rmdll'1I:1Cney for the f'urpone
.r.~ ...., 'f..."... . ' "~ s' ,. I". . :'" ". .\. ..:'.:' . ~.' .., .
'snd" pledging' the Trust Estate a:J collateral or by sell-
~ ;. " .";, '!...... . ~ . . -. , -':;::". " .. , .
!nci o'Gseta, if the 'i'ru3tee 1s <l((vlsed by the Trustor's
... .". .t
troniiy or physician that: the Trustor 1:.:19 <l Ihtitcd life
';~p~~'~n'cy'. This act1.un '. '~hal1 (10. au th"r i:z~d~elJardless
-~. .
of "ihethC:!r tho trust' aBoets arc! hcid ur.~ler.' uir'cctcd ser-
- . }1"" . ._ -it!,
vIce's or under inveot.m~nt COUll!,,\,UIll) !:lervicos and (mch
~.' 6. -.. '. /. ." .i... "".' :."~:
decisIon of ttl/3 Tru9tee shall k Lindinq "nd conclusive
oi'" ., .. _.. . .
uPon'all persons Inter~sted hC:!i'el.l~der. ". The Trustee
.' - . ~... " ~.'. . ..
SO adviccd by the Trustor I S f~:d.ly or phYGician.
'. f'. ~ .'~";'"'' . . .:
shail havo no duty to act undur thin {Jrovision unlcs3
:.:H ;'
',.
.. : ~
.. ~',: - ..- . Jl
"ol :'. ,""
.,'.... 1:'.:, "
'. ~':.,- ':.;.. '0" ; : ..
.. '. .': t. :'
" ,;" .ARTICLe II
.
.. I, ~ I.
'. '.t 1,: "
Dlstr.lhut19n QU<11ificationG.
'. .
_. ...2.01
If Upon the '1'rustor's death, there Ehould
not: ~.fJuffici~nt cash or otbor i\G~etLJ, €!"olua!ve'Of.
~caJ...cB~(lta,chD.tt.(I1 proparty anu ctock In Closely held
... ......... .
~or{lo~a.tio~s; .in tho ..'l'ruator' s probata est~te topuy.all
~ota~e~, gift, income an~ person"l, property. taxes.ot' Qa-
s~s.Gm~nts payable by Trustor's P~raonQI RoprosentatiYc
~nd'~ll,inheritance or BUcce5sion taxes pay~bla by Trus-
't~r'~ ,r~.t;'sollal l~eprcsE)ntative .01: b}. any beneficiary, of,
~G..~ruotor' 8 estate or horeunclm: (including, intcr~6t,
~~al~~es.anu legal feesl".J;o.pilY the e~'(p(mB~a of tha,;,
r~u~to~'s last illllos~, fUJlcL:al Mlll',burial, .or of adLnln-
istrQ~~on.oi the T~uotor'B.estnto, an~ to pay any cash
~que~l1~' that llI~Y be conta!llot'l 1n tho 'l'ruCltQ~' G. Last ,tau
~nd~~eBtnment. then the Trustee ohall, on written rcqucot
- 6 ..
---.......-.----... .--=--.
., H-
Q~l?;tt>'<1051 OtH ;]0 luu ;1(1 C'~\2~a:a ":}t>n~.t 011+ '.1o';\on.:lJ, ,otf}
iJo q:}'C\)P oq~ .IOUU o)llIT~ ^Ul! ::)"0 in ~1' z. ., .
. ~ <>i):lI:m:tJ. utn Ol ofl.:rnq::llq:p 'ruuT J (lUU Q-:}o"(d
-JUOO t! Qq t'[tlqG UJotI/.\ -Jo ';ldlaOa.l a~ '. 'lJtll:pO".:lSno 4onl? en
~uno::):)lJ 96UI.l\"eo pa;rn3uT ..0 ~lGodop ;].0 o:)t?DllT":l.:rao '.Ol:ll~
,10. '3arn;tnO~e 4,ons .ld^Jt<>P pU\:' uq'pcqsoo ell ":lO~ o~
uO~':Iad atqu:nns P (uo}::l:l.7o:J'P.? StOS tl~1' uT) .6ttl~ot)leD
'~OIJ. a.:tou'HJ o~ S~nD tl.10,nUn e'.:}lJT.:r.do.:tddll ~n ,:w\?un ~.l~~
'-GT.t.PJ.:I .' ~unDo::>t? !i !)Ul AlirJ PU.:n1GUT ;tQq=lO AUU .10 :nGOdilp-
;IO o~uOTn::l.1Cl:) mll1~ u 'sQ'PT.1nO;)G '-11: *unOLl..'l~ OlR- '.:}saA
-uT 'UOI~u.IOSTP s103 s~T uT 'AUW ~e'.:}snxL oq~ 'a.19TloQ
(000'01) puu~no~~ UQJ, u~q~ aGet aq pa^tO.l\uJ ~unomtt Gql
Pln~qs_ ~uq~ ' .:z~^a/"otj .' papTAO.7d
'paou~OGp ~T: 'O'.:}~
-E6 .7otl. .:10 GPI 0:J.:r0 .' Dll1^lt JT ' .:rall .10 Ill-PI o~ 'PltxJ
oq HtlqO eUloouT PO=iOcu;qoTpun pUll TUtlp:ml.:td. f..UJnT~Ul
-a.I uatl~. E>t.I~ 'Ei:m:)oo =lG.lTJ .:r,:MQ110T'I~ · GulP ..0 '~~l:tO~Utl1
.:tGtt. .:10 3T'1 llU'fl:l'HU. =ZO\lpU Eltf-l ~Ol{t.J. ':Joo.:mtt~ ~;rod.~ 6V
pO~3a^U'r pU~ ;}6a.4"'~UT l:ons jJo .t\1dToUl.:rd \)q~ o~.pi)pve
.
oq hum po~oqJ~~SlP ~ou omoouJ hUV
'~.:to3mo~ atc~~os
-no.I Ul ~.:tOdclnll pUt! l.tOHDonpa 'It":lTJ?9l{ .lel\1 .10 aTq ;;to,
OP1Ao.:td o~ };.lUGSFJO;:lU 0'1 uOT*a;lP~H' 0109 9 I oa~Sn.Ii!. ~tf.l
nt. su ..:IOUTUl oq~ 10 i-1Jouaq .ar~ .IO;} .:ro o:} tucIrOUl.7d t>Utl
SWOOU! oq~ ao 40nw os h~d Lelll oa~s03~ a~ PUl? 'o.xoooo
':}D.:lU .:t,MDt{OPI/o\ 'colP.:to A:H:{o~lrol .xell .10 Ul'{ sUl.u~~Il,
.1QUTlll l'lt!;) :!HUll oIqU.~l:?d ~unOl'!l1 .Otn Up.qo:r. ;;;Uln OO~3"_"'.!I
oq~ ~nq .lOUI~t oq~ u1 p~.as^ hlQT9t1a;apUl aq tlaq~. PT~d
aq o~ pa.:tluf>::>.1 OB ~Si);(Q':lUi eq=l . ':1onpJ t1 O:l OPS!1J 0,'1 o~
pO.llnba.. aT .:zapuno.:ral{ ~uonrA\:ld Lue .:I,Ml~UOtll>1 '[1.~
. otllm.1Q~ <>p };Ull! o"-:tan.x.r. et[~ su BUOT"~ :zodo~d .otCIQ
..
-'Hnba .lloil" u1 pun tao.l;Ja.IolI~ owo;:)uT oq~ O:} POl:JT.ue
. .,-...,-
'," 11.
~ it.....
:..1' .
. , .
. .......
.:. 'i.:.:.:,l .' ~.:1 '.'
.I.J '. ,;.1
.'
., .
l/
, \f~
,\rJ /
v~v ,a...... /
~/J.t' .(y"
,1./
~;".,
.<':. ,);...
vx/~
2. OJ 1\ person lIhull l::", llel3loc,l ur,der dic.mbi-
lity. if he or I3h6 be cl minor unc!",r legal disubility
doo~arQd by n Court of competent jurisdiction, ,or ,if
hO".-9r.. ~he shall be lIO incapacit.ated aD to nmko. it im-
pJ;8.ct;(.cablo for such p~rpon .to give rromp~.and.intel-
li9~V.t. 90r,oidm.'ation to buo!uccs .lJtattors. _ : : 'l'he Tr.u,~-
t:~~. lnay act "f,On sllch At," !c.1encc lIf. tho dizD.b~li ty of
any" pe~s.on as the Tru~ tea shall deem appropr .1a~e "Ii th-
out:. .liability by reason thereof.
.,! ..::. ....
:'. .:'. ~.Q4
Income p.ccr.uod or collae ted, bu t..no~. I.
dJ..s't;F!butcd ~t tho time, of. the tcnuination.,. of anr",
cBtnt~.. or intereat iu; any. 'l'rust shall oopayable,..aa
lnooma .to tho b~llefici~ry. or benefIciaries. Gn.title?.,
to the next entate or interest;
provic1ed I hO\1eVer,
, .
tl1at; the Trulltee ro~y charg-e thereto (tny .accrued .tax-
eB,'e~penseB.or compensation of tho Truotce:which in.
it.o:.op!nicn should be :so chart) cd .
'I'his pro\' is ion
shall.not'luJit the proper exercise .of any po~er of
Appointmont., , .:... .
'. ",/1..3w 05. . 'rho Trustee l1\ay 3 t .;:.e.y tiL1e Iner~e thio
T~(Jt.,yithany other 'frU/3t .held by. it, whetber crea.ted
by tho Trustor or anY..o.~hE1r person by lUll or inter
v~vpa .~9recrucut, if t~El terms of suph 'l'rust are. then
GuP.Btantinlly .siloilar ,and bel~ f~r.: the ,benefit of. .t;he
~~Q.,.b~neficiurie9....:IShould it bopol1u,:. n~ce~~.ary .or
d~~ir~le _ to scpar.:ate ,t:~c, 1!".er'.Jod truots, any. ueUlod
C?l\.J9rmula Elolected by. the 'l'X"ustee in good. f.aith.~
~f~o\t..such GopclrnUon .ahall ba bindin'jJ.; o,ndconclu.- .
~:I;~Q uJ;i9n.all .persons into~oDtod he,roundar.
. .~. o.
~ I.
(. ..
. '''," -
I '.
- 8 -
- n -
'uouu.:meuT JO fqO~;qUO:> vUTPU.q.'\U<:l!J:} JO hUU .:to.'11l~tn.:'
u<io~ O~ cOT/.\.:tvq:}(1 .70 'uoP:>Hod' o~Ht~.:tnSit:T ant i)ln .~O
&ro uo..]n s~fj.Inq::> .:to~o :to D~ui<lUltiSOSStl' 'I Cll..'l1"furOzd -\'\uc1 ;
: o~ pO.:tpmo;x lilq ~ou '(1\?llD oa~on;t.t' att.t
Eltl:)sn.1.T. 'looopna pt.ri) 9.:toi'.od
'{O"~'l .;
.. .:'~ ,
I . :~t.. .:"\ ".-
III 2'I;)I;tW .:'.,: .'
.... ..;If..~l.' '_
";~~~. .::.' 7r.'.
',~ .':
." ~. i:. ........ ....1.\~ .!,,:.
..,; : ~, _ ';'.:' ~f .
'~~ol~~uTm~o~ap s~l ~!.~i)T2U
"'PHauoq ;zo~~~:n>no }O S~O~.10~~T:?~ ~.:ro60.l~T9. ^P~tl1":;.
^U~ G;):)Gn~,~ oq,t .' G:)Gvtl.D<>.t Grqunosp.a.:r ;(To\.{:+ IrH~ ~UI.
" ~ '. .. ....f . . . .... . :."0.: '" .
-luap uT 13 no.:rauo (1 Clq Q:) pOlfH.l\'\ba.x 8T "iO:}SIl.:IJ, aq1 .pun
. . ..' '. . ",:'j; . ... ~. ..:.'
u.J:aouo::> klUW1.:rd 9. :ro:)sn.:t.L EltR e.:xe OlllO:JUT o~ p;).r~T~ua.
..i. ..... . ":'.' . ',-: " " .., ~~.. '." ,'. ':...:": -::..;.:. ;' i
hn~l~~-:.!,::> SC)P~'~O!;JEluoq ,.~~O~l ~~ Pu.p;aqne..... ~>U~. ~~~~~
-:-10;-\ Ol{~ ~\!ln pClGT^p-e 91 ao~gn;x.r. otr.r.
. , 0: J ~ '; . ", ..,
~.~.~, ."'.-.
...:.....- ."~ :. 00, '" . If.
! '.WJUIOSTP . o~ .:to a':1u~1;~..'t. .~~.,
uOT~~~~UI ~o.;~O~UTod~~) o.oauop aq~ fiuT.:IVT::>ap 'ea~Sn3~
. . :.'.'",. '. ," ..:}";::. ..J
. .
olt:.. q:lJ~.. P~,[l.~:' fi~n~.:x~~ uT ~U?~~~~UJ till ~q rourr~~.~~,~p.:;
;xo. pasoC')to:r aq AtlUI .:xol.\Od tt::>ns lUll. I ~\~. hq . pi)Zl~t>~?~.'t .
..... ..t._..,.....
;lOltrful::>sTP . ~o eou~'[~.I ;Jo pOI{';}am ;toq":lO AUt? o~ uOT:} IPPiI
.... ".,: . ::. :.. . .. :. '. ~ . ~
U1 . .:lxud ul ;xo otOIt~
.. ." ~"" ~ . .- :..' . ~.
O;XQ ~U~~O.IU~ ~o~;x.t oTQ:;
. I .. '_
aT o1qul~Ql::>~JP ;xo ~19~GU~tO~.
. . ..... . .... I
~l POl~;:O~::> :lualLquToddu ;J~'.l!:ra.:
. '.. .1 : . . ". ..4; . L. .
. pG'.luu..:x5 91 ;xoMod qons :rapuna.xaq/-\ lU;)ll1i)O.:rP'l
- .: .0 . '" .. .". ".::
-l.\od ltV
. .,'. .
~onx.r. slq~ JO uOl~~a put? uloT:;~V a~ 0* pun ';xo~od aq~ O~
....: " .' ~ . . . ....... . '. . . .:. :'" . . .....~ 1-'
';'OUG.:I9;fo:r::>p!oacls sa~lU1n .::cel'lod ..~::>nB ;10 GG'lOp 9q~.. ~cJ...
.. - . .. ..... . . '. '. . . '. ." ~ . ", '. " .,
pOUOJ9 uopnooxa 10 ';jtlalUn.x~ouT ~\?'f.ldo.xddl1 alfol.. saar
.:: ~ .'. :', ~ .. ,. . ~ . ~ . ...
-un llDAn::mJ;o POS10.l~>:l). ~O;)q . aA'l1q o~ paur~ot' eq ,.U\?ql!
'..: ;; . . ,'.; . . ... . .'. . .. . .' ... . . .,~. _. ., t
pa~,;n?.x6 ~l~.:J:Dq ~ Ul)l1~~UTO~du JO ..;ra.o:'C?~. Ot: . . .x0/0\~~ ~O~l".
.. .... .".. ". J ". -.'. ..'
DUTDTD.IOY.tl ~uo\'m~go".l pUt! tlp\ ~S\?'[ DlH ;;?, ~n.q<?,~d .1.C? .
. ..:. ..... !~.. -, . .:! '.. .". . '. '.. . ~ '" "._ t.\'.
o::>tl'[d .;ro at:lT~ atn JO oA-r~oQdGG.:r.xT :rGf.,od q:>n9 ;10 ~elO.%~_
.:" ." ...._ =... .:. .... ." . . ,'1.. .".
-5(a .xGdo;xd oq~ .tq PO:}OuJJ\? kpl'.>do.xd 'Olf:} ons..:xnd o~ pa:jsa
.~ ~ ~", . .' ..:..: t.;" . ..
-.:t~~Ul uoc;x~d hUll ;10 :jqi'T.x 13~ .:to :)uollnuToddu ;10 .:tel'lod
.. ..........--~.
_ _..__...,._-.._-- .J .
~. lif"
". ;"I't. .~.l'.
~ /11:'.f ~ . .:
..:"~I~4't
!-. ....b~..~
--------~-. ---------
...-..--- -,...0..
nlllY, lJ t any timo,
in ita abr;ol'Jt(J tiiecrGtion, ,11th"
hold any or ali incClIne or pr incip/ll 1,)aYlible to fJuch
beneficiary, iUI~ a~ply. tho fHlr.lCo for the IJonlth, edu-
~a t~~n ~J1~ snpi",or t j~ . ~e':'-~?Jlable com for. t of. any B~?h ..
beneficiary I o~' to or for the t.ellef.it of his or her
'.' \4: ,. '..
Spouse; chi Idran or other dependcnta, or al'!Y ..(If! tl~0:n,.
o '..~~~~"' . "".
~n. DUC~ manner and in such proportion af: the 1'ru9tee
may aee!:l proper. 'i'his pr~visic'lI shull not limit tn?..,
l'ro'p~r .~.xerci6o of. any POIt.'oJ: of dppointment..... .
'. ~ " . .".... . .
2.08 AB used herein, tha tonli3, "child",
'~:"..' ':' . . : . '.'... .... .
"chilqren", "graIl4ch.t.ldrcll", and "ia3uo" ~hall in-.
I...' :.:..
clu1c.childrl:!j1 legally adopted t-Ji th .full offQct as
. .' ..~. - , . - . I .
if ~hai'. were the na turnl .ch~ld4cn . of the adoptin9
-,- .,' '.
ahall mC.:ln U'('{lc(!ndantB of the fi.J:st <!eg];ec .:lhd "1s-
P:<:lXenta. FurUler, the terms "child " and "children."
.,..1.". lw.
. ~_ I.
sue" ,shall mean de8ccnd~to of ~ny degree.
,. ~', 1 t ':.
. .
2.09 .
,.' to..
ao person llClViu9 any intorcst hf?roun-:-
dor,. sh.:1.11 be entitlcd to compel tho Trustee to .1~aJ.:;e
~.ny discr.etion<1ry payment, or .applic.ation pursuant to
the .~FovisioJ1n of this Tz'ust Agreement or to qucotJ,on
tlle pro!)ricty of any. such puY~llcnt .or llPl'l1cation !"lude
. .
bY.th~.Trust~a.
.- . T.... M
2.10
. ":
., ;
If any share of th~ Tru~t Estate should
s~1~~ be. held in trust at ,the c.:~I,irut1on of ,.a ~:l:!riod
of t".cntj'-one (21) :reartl llfter the death of . tho curvi-
'" ..
vor. of the 'l'rustor Ltllli all of thl} benEsficia.r ieo herc-
U)lucr ill bcill~1 at the date. hel"Cof, such sha,rc shell
:.... . ,. .. .. , ,.- , . .
t;heroltpon i"llnctli{!tely vest ,in aud be distributed freo
of truG~ (Aubjcct to tho terulS of tho follo\'1!ng .Scc-
tiOl1 of this' i\rticlc) to the pE!rSOn or pcrr,olla thel\
- 1Q -
. ,f
- S'C -
:u~~~sq ~Gn~~ Qq~ }O tlu
.10 G6;?:) ui):>;wd e[,.:rl?"{ l? G:j UvflO.lda.:r :l T trf)T\OlJ~ 111 pUt] , lJpun]
".1un.:rJ, JO ~tJ<:>l~saJ\.IlT VtH :to] t~mm ;m:j.o\?.:r"t'IIO u\f.l Jo..aq,,'.\t)U
^UUI ^:1.:ro.:io.:zd. t:ooc qunot(:nu 'olQu!:T.4P17 UlJlap TTU4!3 ~H &u
i;)ul1:+ Lpn::; .xO] I (.:r;'lpTJr'.:J::tUli O;;l~!1nJ:J, G:j.t>.1ou.:ro.) hUt? Ja- :fOO:}O
imTpnT.:>IlT) pup~ ~T pO'\TOOQ,2 '1t?UO:l.1od ;&0 l'~a.T -.1 ^~.T<>d'
-o.:rd tUtu. I lWn tIO:lO.:r q:>nn t:lo.:t;J, L\lJ~ '(noQ;r uOl~'aT::)iJ.xdop'.To
ssol..;rOJ A1TTTq~TT~n04~lt\ 'UTt?~~2 o~ "a
...... . ! ('I <)sod.:rnd X~~ o~\:?~GO .:IoJ uor:i~ittnA
l"CuoH"O' utA ;10 HJ;'luaq CH!1 uTt':tqo o~ t[:tt'Q)J' A. ::to-:;~\u.t ot(:}
.I\):t ~rw OUJ:)' oTqr.1I0::1110.:r' tl .:cOl :tsn.:r;i. oq:t ~nUrluon 0:) .:ro/.\od
011:) bUnmT:mT O:P.)lGS :t!m.:tJ, 04:) "JO .:IQ;JlJUU_14 put:!. u~T:)~~
--Puo:) ..tvdo.:rc1 pmr k(.1QP:I0 oq:t ,IoJ. l.:tl)tJS.~:.Iou ur<,,>Ot,'tluqs
UOT=lO.T::>GTP Dlor; s:)1" tlT loo:tsn.:r.r. oq:t sn U\4Tl JO POT .:ro:1
Lpn::; .:40J uOH 12\!"p;l.1G~ .Io:t Jt! .O<l":lon.:tJ. S'/2 lJ.lot.\od tIt? 'ooIO
-;(\);(<) O=l nnu't:)uon o~ f tio:;od.:rnc'! y.ti~ o:)U':lOO ,10] UOt~unra}..
.:. .:-rR.UOHd?.7o~.~~nop :JO a":lt~r eB~?;q:) ~~:. ..0-... ;";~:'.:::~';"~.~::
".":' t.. ,,' '. ." "f; '. . '16-l:e~il3:
'. > ~on.7,L. ot{~ ":lO uon.:roo l.? St? aums Gq~ .1o:)sTuPIp-€l o:i pti-Q
'.:ropuno~at{'v.:roqo .70 ~sn.:r~ pO':lt?o6Tcop ~q~ ~o tudlouT~d~q~
o~. ou,,'?:]' Ol1:r ppl1 pnn ~;:)~Gn;t.t 'alf:) o~ aTqu'ld:3::>:>\:l (.l<:lpUUG.70t[
acqsn.:IJ, O":lt?.:IOd.10;) :\U12 JO ;{~~0:+5 .5uTpnTOUT) A~.:xooo.:td ;zat{'lO
,10 q2P.O 'UOT:j!Ppu J~:n?~T.10\tr'<1~cu:j....::o .:nrD 'hq 'u6t~'l?.::[6d
-~o::>' .xo u09iad AU\? t::Cl.:rJ aJ\T'-);jo.;r o.L' . 0;) .' - ....:\ : i.i
..' . ":' ; .! ..;....:... "';'" . . .~r:! ~-.=i.t
: .::oC1o;d li!vup' tTi?t{s 'Ei;il~sn.:t.L ',.tlll'" iin"'" ^:J_l~do'.:rd' '=Ol(:}O q5hs
. PUl? G05'!?fq:r0"JT ' C v3\?iiS :}sn:l:j ~ua'lqOO.M1J I oS'l]lO' ~tui? ';;0
!>":{::lO:}3 'oo:,cn.1J. O';Jt'.:rod.:rc;) t? k( p<:lq:)nC(~~so spunJ:;~unXl
'. :. uO:!i':O::> tiT .unonn: I.\m tIl o':lcti":ra:tuT 1 Sl'uoq 6UH>l\toui
41t~tIo::;.:rod .70 P!O.7" I &\.:re:1o.:.d'. ;Jo' PUT:! .~U~ uT '-luaur.gJi7JA
!, . ":'uTO.T .10 :iU<ll".r.}90AOT :1oJ oTqiJIT\:'.4~ Ol!tH ':'o~ . <1l:1T:f: 'l1.ro:iJ
'. t . _ . ..._.
.'. Gplm; ttt~,. ~sv~~u'ro.:r.. f'u~ :j.B~"^~T o;r. . ..~ :.' ......... ~ '.: '~. ~.
I .. - -' . '_'". ,_ ..... '.., . ~'. P"' '. .' ..~ .. _,
< >'::" ':~'i"~reaTf'pu' tIo):>p .nn.Qc" ~f sli' SUOl:tt?.mPTDUO::> 'q~n9
~o1 rue SUOT~TPuo~ PUD oru~n:t qonB uodn 'O~~~G3 ~Gn~~
oq=1 JO S:) C>DS'C <)\[=l JO ..I,"u\:?' :rO':l It! . ;roo ofounqOX;:l I usoq6;n1d
. O':l'.f:.I\lol~do. '-t?l:!.!f> ..l~(MlrO:') "[Los 0J."~ ',' ~~"J!' "
.;... ., .... 0'. _._. . .':'..'.. .... ...
: 1J.:I'a.!oloJ fiup10TTOl a\t=l 'UOH1?:nr.rn J9
.:.: ~. ,"; ....:.. .:-" ., . '.", .~.. "l.
'lu~' ,{c{ '~o:ti ':l nct fJOn 't' ~ fmn'T1o' 'A:UJ.\ ^q' f.uTpnT~il'~"-'~ 9al'?
.. .: " ...!. . .". . . . . :. .' -:;'. -,
-::r()X~. tlti:,) .h:);rado.rd c>>rn. }o' u.z~uj.\O' "[t1t1PTA}'puT qOttl~' , te
-uoa~Qd pun T~a~
, 91l?1(; ~t ':lsn:r;r. .~tn UT' kl.::wdo.rd :fO tro~ T
. : ~.~.~.~..
qOU3 01 ":)o;)dso::t tr-lTl~ .:roMod .~.2a.l\9 o~q:::);Iaxo ,{~UI ::IT' pun
, ~on;tJ. .]0 "?.'l1 C!;)t{:} ^9 D0tU.\O, .hl7t?aoicl ?~nt' 10 ~U~~ta~~u~tiJ
.. (. . .... ........ '.'
Elq~ . tIT lU.IOJ.:cFxt ^t?r..t Dtt'nPT "TPuJ qbTqll1 Jo~.:raq=l :l'l~U:af,UUl?UI
.<>.41, u}' ~ou_ ^.7a~..a lU.:1opocl .~uui '(~OT;n::)~aB-up~:r&lf~'as~~:n~
.. -..' .' l ,I . . . '. .... . ..
oq~. ~1".Q~U~S:~ ~unl.r. Ol.n ~f.) !ilTTl?~i7 1;>U1?CPO;)~o;;rd atl=l '!^.~cl~1'iI
.
o~ !,~np. a~l' .c~ . :}~;)f'll'l!l) .' ne~sn:r.t:>tn I JOO.:IJ')\f.l SO.Tt'lra pu-e
---_....-............---~........_----_.._----
- \ ~.
...
J'T
.-....--.-
'L'
_....J__W't
* b:usts thQr~10f shl1ll ue of the i"1'1grCl}I.ito principal I':;ur-
kat value ofTen 1'hoUGil1lJ (10,000) Dollarn or lesn, th~
, '.. ..,;
o. '..
.' . ". . 'I ~ ~
Trustco, in it9 sole discretIon, may 'pay over 'free froil)'
, .~. . r ~ '
.: ..." i.":.
truet tho then principal thereof to the persou"or per.;
, '..'~ "" , ' ",.", , ", . ,"
Ilona then ontitled to\he Incorrlc thorefrolii 'and 1'0 "such
.' ',;.. I. . . '" I ". i 0..,.. \, .. ~ ,.
equitQ~lc pl:ol?Ortions a~ the Truotcc r.l<lY ,1"ctermine and
. . . t.: ,,:,' . 0 .'" . t ... .;~" . .' . .
~e T~uot with r~spcct thereto ohall thereupon' tcrridil-
. 0: eo." .. . "... . , '.
ate., If, th~ Forson entitled t.o the incor.lc ie a 4min'~;,
~ r ,,'~ , , '. , . . .
tho Trustee I.l<lY r..ak03 such"distributioll as 'l;r'ovid~(i\in':
... '0 '.:-. 6'." . ~. . ~. . , . .
der ~he prCC~dj,l1g S~ctlon 'of this Article~' -',.
.. .' t .. .' , ... ........
2. 13 Any tcst.uno'n tary i)'O'.'{()r of apr;oin tmen to,
,.... ,..,,;.:.6'. .'
granted h'ereunder 'may be validly '~~~or~lc~'u by the do-
~. . ~ ~ . .' '.0 '. . '. . 0, . . ." . 0 ."
n(:o to \-/hor..! such pOtver is granted' in any valid'laot
1. . .~.,:, ... . 0.. _.., .
will' and tos taillen t of such aonce cia terl on or 'at any:'
.: }t,::..... .'. . - , . . .
time after the date of 'this Trust 'Aqrccmcnt whethc,ir
. -f :.';' .: ...
. . ~ . " ~ ,
or not the Bpcciflc Trust OVer Which euch, power 'l'cr-
.. .r. -; to:;' . ".
tains shall huvc then been fund(;d. The Truotee f.1C1y
-,
,. ,
rely and act upon allY iJ1strum~nt f.lClmlttcQ to probate
! ::~ ,'..
.. . 0
as the lact' \illl anu testament
in any jurisdiotion
. . : . :~ ;.. : ': ' .
of the donee t~ '....hom suoh powl;;r. io granted r aod/'If'
:' H~. '. ~
the Trustee shnlf havo no \...rittl~n notice of the cx-
,'.. o. . ".
iGtcll~a' of any laGt' wlly'anu testaMent of ouch donoo
..J~ 0.: .. .. . , .0 _ . . .
within a period of tiu:'eo' (3) I;:onthn after his "or her"
-, : o'~ . ... "
death, the '1'ructoo n1ayasCUHc that such doneo die.:! in-
testate \dthout exerc;::isin(~c such POtiCl.'" and may. make
distr luu tion of the proper~y cm~lj ect .thereto accord-
ing 11';. t'n.thOll t any liability \-ihnt:loevcr. . '1'h1,13 prov.il:lion.
,i~~ntollue<i tv m<pcdite _t~o J'l'llillpt ;Ul~~ efficient acl.-
miniotration of the truotn lllld not il1.t<':lld~J. to lir.lit,
'cut: ,off, ulli1illish or qU<.11ify the dOJlce I Ii . tQc~~I:l~ntary
12 -
, .
,;
, .'
- Lt -
. , '
.~ :..
. i . ~
. nTH 1U" J1o~;'H ':luToddu .10 I ;4i:lll~OUO' ~u1"ocklu
puu on:}!ln.1.L n1tl1'p::;qnG r,upou ,~U12 01\011,-;).1 0:) ilia! !o::q!Jn..t.!i
o~n~l~aqnO&ull~n qons o~ U01~eGucdcoo 0IqpuoDUa.1'o~ii
-OIH nu o:} !/;uT:PU or:; .1oJ uo'p u!JuaQIl;oo ;)Tllt?llO!1U,?:x 0./\ P=10
-Ll.1 T1'C4:T 'pUt? e<)~6n.1,t o:}n:H~Gqi1C ''Oq~ 'O'l ios~l\pu 'OU ~ou
O:j 40")1'') hUH; l{O'flP\ ' \)0:) C o:x:r.. utI:+ 01 U;;).'\"P> ' ODll'..:tntnO .'to
l.:rl2uoJ:Jo:rOGTP 's:ra:.\od vIr..} J().'TT'e .10 'Atm 0i3:jS1U:r, o:jn:n':l!J
-qns m['=l O~ 81'CbE'l'[0l? 01 'l(l"fM.OJ:Glf4 u011::J81iUOO \IT pUR !O:}
-<lx.:.q:'! ~;)o,,'b,,;r 4111\' :jot? O:} JTos~T 'O:l o:;):)!it".:lJ. o:)o:H:+oqoo n
L>u'qU1:<:>ud13 I 0:P?4S::I 1~H\.'{L a41 JO :p:ud 51 \101'..{H PO:j'COOT
S! ~4.:IOr.!0J:J p?D:t qO"F:1\ UT l:Or}OTPsT.:rn~ hUt? uT :'Oh:Q'
f~uTrto'-t PUl:'1 10 <)(U~ :':1.TprrpJ .10 ~ r;n:r=1 pU'CT ~1=ourn I IrU
qr;!Tqi.?~uO. O:} 30 I';.}sn.:l,t ,',q,=\ O~ snoof)u:jllU1\P1? :n Gr::::lOP O~~
-!J n.J,T. Oll:j G\? Uo'no flt? UIYnOTPsl.1n~ .13t!=lO hUl1 O:} kpii>dO.1d
, :+cn.I:) 'I.un JO !m119 ::nn ~;:)]ouu.'q o,t. . x ..., .' ~'; : \.'
'. '::' . O' ....".... ,..., :.; ., "'!:lOT=liOd
-o.ld re.JnUTl'l '}o uor;:p?./\.:i:)!;'uo::) pun u~T:jt:;{odo ''lUOlll'.io'[n./\ot;l
Oll':l o~ f)UT~'2tO.I l:)-:)uDl'10n:.c6u ;0 uadA:) '::0t!:}O Pui] .h':lltln'UJanj
IUOr~l?;q:.:moa",:cj\).1 1UOnl?<:rnun I ti.UTTcod ^1.UO=lU1 .1<J=luo o~
pUll '';Io~o;r.:1. UIOap .~t'lll 1 T !l~ QUU;):} qOt'S UO' I sosuor t~i'.:zaul'o
.IeQ':lo ~Il? sufi '110 o:}uT .1O~UO ~~ OM
. ..".. . "" '. '.' .~.:"-.. ~; :...,:.
. "
. 'i1 Tl.\e>;W!R uOT:}OOU
-uoo Ul dTt.{S:.r"Uf~\) JO SJ~T!;;;t'''Fo'rr ':.0 s~ttDT.:r tIt? 'Pun I\uti. ODTO
-.IOxa 01 pUP. I S,:\f),H!ljO ..70'{10 .10 t::l\;n'Pll~.1d "UP. (P"'!Tolq.:zd .'Xo
.10 Cl;:,:O:.J~1 f u;o;q) h0J O:} I PT<3lf :LO p.:JUf.lO i?q .h!!lll tpp-tt.{....i:;')TCOO
~)::lu".Jn3uT <:>111 Ji.UI:' ,"l:'!'Ouli'.:.:ro:} 01 .'Io 100J;J0 uf eour=lU.oo .Ol
! ~so.ld~uT . OTq"J..ln~u'l un C>./\l?l(' .hUUl ;ron:c".,tt~ sn.:rullS' 'rittl..:ro
~cn.l.!o q::>no t:iOl{t\ liT l!o!l.10d hue ]0 011'1 tnn uo aouu.7nB
'-'OT..Jo GOTOltod t.u-\c)'!?IIU'Qouqo.:md'oj, Of-. ,- :.,;;1:',"
: ", . " . ' ;'l " " ';,-. . , uon nC{T .i;ls-lP'Y11'
-uT;J .YO t'Cl:puJ uO<ln Illlrpr U'l k[:p:ucl pun qo'Co uJ I\t:}.1Vd
.10 'ptl1:::f u'f '.10 q~H'::> \tT <)~fI(n.:I:}oTP OoL "0. .'\.., ..~'..
- ,- .., .... :': ' !a'[qt?lto';t pu~
~m)lli~.%ud t!.:OOI! ATlrI D.::qsn.:r,L ntR St? uo!~mli:loJuT .70 .O~OI~.
-U=lor.r. '-tong J" W!-,ct?(f (lll~ uo oiJOlbncl hUl? .:x0] ~uau.r:)t:lo^tIl'
AUu... ~:~ nnT't>.h ,=\Ol{:tUlil Oln oup.ua:)ap OJ. . J" ': . ~ .'J;. ',.:...}
I ^:jJ:odo.::rd .1~q~o pUt' ~5u,!-,pn.nq
: . "Jo aououai ltlt.':;1 tv.'IGtn!) pUt? t1.'Ip~dG2 ' o::>Ut?:n'\suT "lJ:)U91lJ
..O!lOSlSr. 'lJox..n .:fO} 'po./\ln"o.1 \)lUOOUT 10 ~no ~sn.1;r, '\u'Q
o~ '!lU so.A:IOOO;t OT(l\?UO!.ll1..,-'l' tin '~a9 i:>J, ..:) ';. l. "
'.' .~.. ". '. ". l'[udpl1pd pUoia!f.o:lttt
u\)":noq .:fO 0,=\ I?ouor~ ;J.oddu .:to 'f'O':l t!OOTTi: aq 1:1\7\18 6o.'Xn~
-TPllau::a pUll c:}<'ll:::l:Ju;c tP'fll/'\ UT .::rQ~ml?~ Olj:l o~ ~oodG\).:t 'll-:il't\~
ouol,=\5on!J lIT.? OUT\;;;{v-=l"P O:} : :IGpuna.YL1ll sO::>T<\.7.;)~ 13':11 .1OJ 030:)
-on.:t,t Olt~: O:} GUOPH1TIUi;.IO;) pun U01'~ \?GUo.:lrdO~ olql'uOSUO;lt(~ T""
.1;npilfo:j 'o~ lJi.1::I ~1;n.:r,T., ntt~ OiOl? !lQI1l!::)ci:ca pua sa6:c,,'lo
'ooxu:} , S':lsoo' tT\? oo'puo_'tdUto6 .:10 };l?d tl.'L '-H" :-; \ .J;- : .... .~.
!o:}u:}f:J::I ~hn;r:t'
Qq~ ~Gn'P.~r)~ .:l:n JC> .:rOl\t!;J uT f;pum~J<)fl .10 911:rl1TO UOp'.1l:/qu
:10 :tCO:P!OO ' aOT1\:0.:tdl'.OO lot:n013 OJ. .0
~ ......----:--...,...._~.-
, .
... ~~..-.....--~_...-_.._--
._-~---- .
.." .., IT
"
Loa '.
~. ',' , . ~ I. . .
'.~
t . ,t., : _,r, ~T.. ~r: r. 1. -. ~. -~J'~
O~ : -...(....1': "':','1 t
r;!: :'.t,('::"i~ tlJf..I~'"
h~ ,,.J
_~. I
-.-.."..........~
-
3.0.2 The Trustee shall not bo r.coponeiblo
fo~..any..6ctG OJ: omisaioos of tho Trustor In connection'
l4th..(,'~..l'elnting. to any policy of'lifo il10UrClnCa and
Bha.ll. Dob be required to pro.sccutc any action.to C01... ..
~ect.1lJouranoe or to dQf~nd any action ralntin<]' to' any' .
~\lc.h .policy.. unlcws indemnified in amOunt nndtai:lOl1ar
eat.isf{1ctory tait aud. tho'.TruBtea ohall hnvo no rIght
ot .rCOQvc.ry from tho TrUEJtor or: the Truotor f.S probate
~G.tatc Ifot' all.or 41.lYIXlrt oj! the proceeds of any Ctloh
policy that r.UlJht h~vd been.. diverted fror:\ tho 1'ruG~ by
lonns, a8sig~entQ or ChmlgcS,of b~nofic!ury da~ignation.
,..~J: ..;: . : ".. . . . .". '.., ."....
'....:\....3,03~. ,Upon raoeipt: of proof of dCClth of tho
(. ::.: ....".
incureu, and upon rece~"'illg pOGGclwfon of the life 1n-
::.;
~npca policies, tho Truatee sholl uso reasonablo of-
l . ~ ::,.;. . .'! :... .~. . . . ~ .: ;...: ~
fo~ts t~.I. collect all lJllms payable on theIr., which GUr.lO
. ~;;~>.'i;c~~'ipt .shall be pr1licipal (c:{~~Pt:: that: 1.11tercs~:'
.'~" ",. -'. . . ;.' ~. '. .; ~ & . ,
paId by' ti;e . insurer' Dhall be inCO!ilfJ). The TruBtee "may
~Qrcise 6e.ttl~~cnt optiOlJD:nnd cOi.'prez:t!cc, arbitrate,
. t. fl~ ;. z '. .' '. ." ..
QJ,.;'Otl1crw!ao Llujunt clainis upon any of the oaiu pOliaicG.
~;~:.
. . .
The reoeipt of til~ Trustee to. tho insurer
. ....:
. ~. .
shall baa
. :' ..:~.
full uiochargc, ~nd thu insurer shull not be re~'U!rcd
. ~.. :"
to. 'see .:to. tho applJ.ca tion of tho proceeds. . : '." '..,
\ !; .!!.'. '. . . . '.
-,',! .;.3.04 Until.tho 'Tr.'uGtoo r.hnll roce!vo- writ- .
...... . ...,-
f ..;
ten'llotiCQ of any1,)irth; dOcJ.t~, l~.~rringa, or: of. any'
", --:'....:;.:.~.. i. '. ;. .. . . .
otnar "cvcn~ .tlpo:l l']h.tch. tho< rigl1~ to .pa}'In.::nG hcrcun....!._
...'!:. " .
acr mny depend, the Truot~c ohall incur no liability
for .d.1.cbur:wmcnto r,:~l.C.1El1n good fll.i.thto p~raon9 wh.otlo'
intcrcll~' may lUlvo J::oen affected by th4t ev<':'nt..
'"
....~ ;3.05
In tno invcl3trllont, "ldmini.ntrutlon and'
. "
u!nh'Umtlol\ of thC1 ~'rUst S6tntc .l/Id tho oepl\rnto 'i'ruet5
-14
I. "r'
- 6! -
'OFCUGlhPl? ;XO J:.:T'i?flS00uU 1l1"OP IOllrn
, "
...; .
: .. '., . i . . 0". I
O~ DUfl";l UIO,:q I J:mu m:qen.:r,t ;;>tn SU' / JO;).:ri)ll~ 6'[Oq/.\ <>tn
. . . .:. r'l
O~ dn 'o::rl2:}S:l :}on.:r.r. ;,)tI=l ;0 ,[\?~loUT.:rd mF} JO ~nunOllItl
. - . .. ~. . ~ ......
'qoncr' , POPTho.:Irl ,,>,^(\q\?ap~':i911 'S~uol1tJ;ud ot'(:t o:} uOT'HP
. '
"' \
-ptl uT 1~;toddn9 ;tpnp ;to} .:ro~sn.:IJ. ;)tf-l uodn :tuapuodQP
.. 01 . ". _ .
eUOAUt! ;]0 .70 ;to~9l\.:r.!.. oq~ ;To :t'H~uoq aq:} .:xO} ATdda .:1:0
.:-.,;. ..
O~ Aud 'uol~~~;)ST? o1ntosqu G:tT uT IA~m oo~sn.:r.L oq:}
'~ ~GpOi?lU TUT~)lmut;r JO oa~sn.:T.r. Bt(::; 09T,^1,)11 O:} olG\;!un eq
...
"
":.. '..
; ,
..." . . .~ ,:.
uoa'!?o.1 AUW .:xo;:: .:ro · :jt:v~~Ju;oouT 'Qu:oo;;::q p'[noqu .:rO::;Gn.1.L
...
, "'J>
Q41 'a~:t AUQ :}B IJl
, ,', ;'" .... ~.: .;.
':tnanLo.7 lom!:t O:j o~~:t wo.:rJ
'. ".
I Aum .:!:'CqO'u.:r.L etp Ot? ' joa.:rot{:t 'at04~ at[:j 'o:t dn ~ o::lt~:)fJX
".
,',
, ,
:tsn.1.L eq:} ;]0 1l?dl0U'r.ld mn tUO.1) B:}unOl1m qona ul pw
"
. ~ " '.
, S";lUcH!I'[l1?:}GUl :tUOIIlOhUOO .:r01I~0 AO ^"[.:ra:ptmn ul OU100t.'l , '
. ., : ~ :. ~
:)VU Dq:} JO lIt? .:ro:jon.:!.r. aq~ o:t l';ud l1nt[S aa~sn.:IJi otn '"
~ . , f'..'"
I .:lo~Un.:IJ. t)q~ JO a\tfT~eJ'H ~tn 6tq.:ma 'to 0 e.
:.. ......
SUOlST,^O.:Ia o'^T~TsodoTa
.,.". .'
"
.:. .
AI :i!'IJIJ.llV
~'. j .'
.;, . 1
.. ...:..
.'. ....
~. ...
~.. . ". :.
'-epmu uZI<)q ~oU PUll uOlalho.:rd PTl'R.hUl ~ons q/)no~
D~' 'o.h"f~Oa~1a oq nUllS tIO"Pllo!. '1oa.:Ioq tmOTsTho.:rd' .:ratt1o
',;
^UC ::JooJJu ~Cll ,,[T\lqs ^~lPT"[U^Ul t[ons IOhl~ll.7adouT :ro
. ~ ."
PlllMUl:-~PlOh aq O:} PTaq ot.:{ :tSlUJ. OPl:} JO uOH1PlloO
i," ''':: '.
:to UOlfl,#'l.:%c 'o::;n'O-co '~.:rlld }:'tt'l? ","[notlS
orOt
it
..:IOhOOStuO\{M
.. ... : ."1 . ..
suoa~ed tTl? uodo tUIpuTq aq Iluqs l~uo~~o.:I5V 6T~
.1opun pa:}IJ:).lo:}Ul' ucm.1Dd }:tic ::XO] '[ElSunoo e>q ::tou ~~
. ." '. '." .... ..' ..
.70 At?m oq.'\ 'otrlOOOtI::l U1'\O S::}T ero "[OSUnO::l 6'[Q1r.ltldo.:r iJO
':..": .
oOlh!,m tIedn .70 lFH'l?J POI)O U't O;)~Sn.:r.T, Olf.l ^'1 luamn:qstrf
ulq:} uodn l~OUTd suOr~~~~.7U.7o::JUT oq~
60.C
...~_..~~~--"-'. ....-
~~..-
rr-______~.
~~:7~
.'
r,.I,
...
.... . ,. f.
, , . I 11" ,~ "
.. ..--
,':
.....1...~_..J:.:..:.
"
F. ~'O ro tf.lin, invont 1.11, incorpornt:c r
oper.ato and liquidato at tho riGk of the Truot any buoi-
ntlOG l1l" ol1tcrpriae in \1hich the TruntoY.' HillY ho engaged
a.t tllfJ tiNO of death Ctllcl \-Thich businolJG or entarprioc
ia or becv!tlcO an C\Qeat of thio Trust. J\ctual. oporation
pr,~1n~agc;!lent lllay Lo <i~lcgatod to.otherGI 'r', ...:'.'
,,..i .~:: ';';.'..' . "G~".~ T~ P~t!Gip.:lte in' corpo~ata rCOr9l!iU.~
eationG or recapitaliI:.:\tion3 and to retain an~' Jn~'cGt~. '.
ments rOGe!vcd in Gxchun9c the.rcbYl ". 1":'~:-
__ ;'_;j. ~ I .
H. ~o leane prot'ot'ty UpOi. clOy terns
or coml!tiono and forauy term of yearn a1 though c,:-.
f;<<mdJ.n<; bcyonu the period. of any Truot horounJc~1 '.
-- ". -. .'
. .., :." . . I. To" insllr c I ir.,pi:~va, repair ~ . al ter ,
pool, unitizo and partition rN11 CGt..lta ,erect or raze
iraprovGlTtcnts, grant So.Z;;Jlilcnts, nubdlvhlo,. dedicato to .
pu1;)l,io Use, or other-doe deal,. thero\'1ithL, . '. .~. ._....0.
.- f..,_ ... ,"
or lUora common
theroin to tho
J. 'To 1nvcf:t thA \;uvcral ~hllreo .~~:'cin~
funds, and nBsi~n undividod interoGto
Doveral. {lha~ElfJ; '_ :. '. !"( rI .
r .:' ::- .~.\ '. ." . ... "
'. R. ~o Rcquire by purchase, exchango or'
otho,:vl1.tu, acscttl from the Pcr~lonal neoresentntivc of
the TJ."Uotor' 0 Estate. or tho f;l.duciary ;)f any truot . '_
arca tod by the TrUll ter or ailY l'.\Cmber of tile TruG tor t S
f'llnj,ly or a trust or estate in \~hich any benef!cinry
under this Trunt l\t;roCIilcut hUt; Cln.f.l1tercnt, though t..'1o
2:1;'Uf;~ce. horeundor in' ;3uch Pcu:r;omt! P-cprcoentntiva; or
'el1d~. (:.i.duc.i..u:}', <<nd torctuin .::.ny property or Gecl~ri-
.t~ca GO purchuaed Uncludin') Elt.ock of <lny CorpQrate
~rtil:;f;c~ horCU11Clcr) even thouCJh the acquisition r.tay ra~
sult in n large perccntege of \:110 'I'rust Estate baing
inve!:tad in ona .clull.s of propertYI
! : i_ .. ;"J :'" ~~ ,,,,," .., . .,"_":: ;".". _ '. ~ ~ . ." , _ _ . .....
.. L. To make loa.no, ... flccurcd or ullsecurcd,
~q .r.P~. perGonal Re'prcscntativc of the Estate of the T.l"uc-
tor qpon cuch I:orms us it sh~ll ciee;il advioablc: provided,
ho\-:ovc.r;, th<lt no Guch loan sh:Jll be r.l<ldc to the Personal
Rep1:o!3cntativo of the Eotntc of the 'l'rllstor out of truct
proper.ty not includable 1:1. the 'l'rustor t B ~rooG E;>tato fo::
.~e:.t-)U~PO'lOS 01: the~e~er~l l;ctntu :i.\1X; ~.1 . " . '.;"
~ .... ,~ "
,... t
'ot.heT.\-d.Ga;
i' '.. " ". :".".
'T,o. vote. Upon Iltocb.l by p.r'o>:yO o.~'. ".
~; .
).' . .. ~-,~;' l. "". '. .
"'\ .... .' N. To .c:uutJc rC9istorccl cccuritlcr; to.
be".(~ !t'~" nania. or in th~. llWUe of tllB nor.iiiwo of the .:.
.Tru~tcoi ....., ..\. ',: .' ,.... .... ......:.....
:.l' '".~'.."':: 0." :rd' b~rrow Hith intcreDt money freo
'1tGelf or othern, as:JUInO in:l.::::btcuncns, extend m~rtgL1gc~.,
f-!lU. 'Q~lc~!hcr by 1;lortga~o or plc~gc;
'~'I"'" "':':. ... ),.' "'To' o<nploy {HId COlilpcnc:ato attorneys ,"
UCt:oi.l1ltl\nta, ilCj(.'I1t!J mid urokur!.;
.. 16 ..
*~..w'\:.:
- 1~ -
1 .. : ;", ~'r .. " ,,:
oq O~ :n O~ tu10l.D{ npunJ .:t"I.I~O PUll:} ul' f>uJ^l1tI) \toj~
. . ", .,. : t"..f. .:... . '. .~.~.
-~J:Jal'P <)'[09 S~ T UT ' ()v=\sn.:lJ,: atI:t' :t.:t()J4\O::> l:1"'(C{'0111000\).t
, i" .
UT ~ .:zOdtl09 pUt? UOT~ \1~"n(la ' q~t1?OtI .:ITii>t(4 .:rOJ .\F~::rrmf-opl?
t ", . ;.:....: ',..-" 'f 1
OPl'1\.o.:rd O~ ~llQTOT;JJngUl! a:nr 'anusl' .:roq pUt? NOWD-i
. . I :". f ..... " ~. . .. , . ,." 1 1. ~
. ~ SIuOa JO :rnouaq l)t!~ .:zOil .:to O~ o"[q\1l1?U UOHO;)S BUT
..' . ': .'. . .i ..:-.. ",;'. .;. " ,'; ~ ..... "::1
":pa::>a.:rd OLj=! .:r"pun suonnqj;l~sTP oq'l H <:0'5
. , . '/ '.. " .; _. ".;'
. :jGn.:r.r. qona JO tudT::>u'pd OIn J.O :).:tucl t1 eu:oooq pUll O=l P;>PPtl
." . ." i I. .,' . ..~ '. '. ,0 .'".'
aq '["[I?tls :ro<:l,\ 6ununo:>ol! :}sn.:r.r. 'li.l\? fiuT.:tnp ~o:jsn.:z.!. alI~ Jtq
( . .',:~, .,,;.',
' ..-' I .' " _
pOl'rciut! .:IO PT\?d os ';lOU i;ll;~O~U"f :) OU 'JttlV . ^:rnpllO::>dS oq o:t
. '-. .: ': ~" :... - .' ..' I '.I .' ::".~.
aaT:nq::>TJQu<>C{ .:zotf:jo atl] ;IO opaeu ()Lj:j run uOHu:repTsuoo
:te:cu' 9~1 aq o~ NOa'"V~l~ ~/';) s-~u~d;'l~ DUT'sqnoA Pu~'~~;~~n~~!
'. "..' .' -0'
etIl ~OPTgUO~ T1~q~ ao;~n~~ ~q~ 'sUoT~eutuua:j~p q~na'6nl
", . '" I . ','.: " .', ,~"., _
-~m UI .jQ^nosmoq~ riuoG:cad TI~ uodn e^lGn"[~uoo'pu~ 6Uf'
! '
-PUl'Q '0'1' nyqg';~~nn~f.:z:jG1P q:>n'~ hun' j~ =lUnOC4t1 .:IO. ~~~T~
-o.%d ~Lj~ o~ 9~ oa."tn:I~ utf:J ~o "~~Qtl;:r,pn~ Ott.L .6uT~O;~~
.. '. ,I .: .. :.. . .t . ,".. 'r'l
nULjO ~OHO.:I:)I3TP ~ros $:)T UT Ga~sn.1.t aq~ 5t1 "gUOT~:Xodo;ld'
. . I . ,. . ... ,"
. Q:)ns liT pUG' "f):jUTlOUITl t[onD ul onss} .:zetI puu NOlIV::I.! .:>
SIu~a ;10 ~H;;Jaq ~q." :IoJ .:IO 01 ~ ~gn.:rJ, UlO..'I1 O\t:ooui" :}OQ
<>q:{ dO 'qOnU1"~D J:vd Jtu..!1 <><>:tgn.Ii'~q.t" ." lO.'S"H' ,!;:
, I
'., ", J
I
, '.~.1.:' aIUO<I ,0 .noUDff '00 ..n'~" - '^.~ .
^ :;('l';)I.r.av
~ ~sn.:t.L
.' ~ .~.. : .~'.
.' ..... l \''' I..~
.' ~. .,
. ,.'" " ~ .': /'
, t
...... .1
. ..:,.
" /.
~ it".. . ." '-.: /.'
s:UU.Lsnmn tmv S~IIJ.I'lIJ..a ,!\1tI0I,tVU ;J:O'/ao;mqa pUt? ~ :tsn:.tJj O:}
. :::mI ~ ~~iv~'lO~" G\!O nVfi~ii~n~ ::rSll~~~S ;10' ao;r\1qa O~,~q.f~~~'
.' . .' , : . ~ "..~" '.'
'eTqTsood ~uoqxa B~ ~. 'tt~qB ~~4Bn.:t~ 6q~ 'o~oaBn JO
:' " ,/'
UO'PI'J'AIP lt~na f'l,Ip[l?w ur 'PITt[::> da';lG pOClt?003p trona JO
;"
/ ~
~UCI:l1J~~Ut? 1tTH ~DWJ etn J:q pa=101:')..'IH' ^T:lsa..'Idxa eu
/
~~.~"~.""~- ..~. 1-:~tI..~~--" "
'0 ~sn.:r.t ~
.. :', t. . ,'.
.:' .. r... '~. .
,~
~ ,',
.~. :\ \
\\' J,
~ ~
~ :\. ~
I ~\ t
C ~ i\
I z_r
\.) "~
\' ~~~'
~ i
~:'{
\
,~.
, .
. ... ~
,
" .
. .
., ~~-~----_._..
.: ...:..-.:.. '_ ..t-... f,'
3.06
. a, ,.~ . . ". \
No pl!)rt;:on doal1l1lJ with the Truotoo' oholl
.. - . "f' . I
b3 obliged to iliCJuire ao to J.to FOuerg or to' eeo to the
l' ....;. '.. . "~..f, . a '. . . .
~ppHcation of any mOlloy or p~oporty doliver'ed "to it.
~~~. :\:.': :.;.
3.07
h ....; .... '., . .... f.... .i a a , ,
Any fJUCCQsoor to thG bUBines!.l ot th~
:'} ~... " ... . . '. .,. Jo..... '..
originai 'Corporate Trufitca 'hereunder, \"/hether by reor-
,. ....1... '.'
9~~iz~tion or o~lcrwise, shall b~co~e ~nd be Truatco
with h;,c effect as th;~gh or.1gin~lly 1l0l;lGd as' su'ciL
-.' .. j '.:
Any 'l'ruotee rollY resign at, any tbe by Hiving thirty (30)
.. . . .- ," , ..
daya written notice to tha Tru~tor.during t.h~ Truator'o
. ).:'!' .... . . .. ':,:- .' -.' . ."
lifetime and to the achilt bene'i:iciarieo then ~nt:.!tled
, ;1., '~" . I ....~ ,_
to incomo thereaft(!r. Upon the' res1CJoa~tion'of the
Truotco, li Succcosor Corporate Trustee, h6Ving capitol
accounts of not leae than T\~'enty t1illion (20,000,000)
., I .
Dollars, ahaIl be selocted by tho TruGtor, or the 'adult
'''.: . .' . .
banoficinricG then entitlod to income, if tha Truator
.:.. I';.
......l:.:~.... ..: . '" .~,: :.1:.. . ~. .r'..-::.a
taa may petition for the. appointment of a Corporate"
; '....,...
Trustee-by any appropriate Court.
Each 'Successor
;-:,.' ,- '!~." . '. . .10 ,'.
Truatee! shall have all of the rights, pdviicgco' ~d
~~~ra, both discretio~~~~ and raini~terial', L ll('!r~in
":.},. .! ~ ..... ! ~ .. . .' ....: . . '., . - .... - .
granted unto tlu.! orisrinal Trust.ee, and shall have nIL
....... .r ....'. "; ....,
of! the" d~tiCB alaO 'obiigadoIln, .1r,lpos~d
t ~~. ~ ~';';"~' . . 1 ... . . '.: r
"Tru3tcO.
. ;,: .
upon' the orJ.ginal
, . :... . "', :f.
(.~ ;;,. ..~".... ~
: '3.00
,,' ':~ \ ~': . ~ . .' . ~, . . ....".. -'.z
The 'l'ruetor Il!~y at llnytkle or froin' tirr;Q
I j.. '," ..~ ,.. ! .'. .' I' . . ,.
to' time' by' an instrument' in "II- Hiu;;'" lli)f-'l"OVC 'and" settle
'.; : ,. I o. . \ _ ....,. . ~ .
tho, aCCOunts of the Trusteo, aral any f:\tch settlcraont
....,. .....
~h~il bo blnuing a~d conoluoivu upon ~ll pcroons inter-
f i '\ .
cntcct 1n tllC! 'l'rllnt or any staurl' there'oJ'. TIIC' Truotcl!
. . . . . '. .
mny,'at:. ita olection, at any U.r,lc' or from tlI!le to time
havo its nccouutn juc1iciCllly ~(lttlecl.
- 18 -
. "
- t~ -
T)"(04 ' Vi)^-lor;~.:l .10 PTl!d oq O~ G:}unO!\!t? ,~t1l? ()(fT.:q:noo.t
. . t .. : '. ,- ,'.: :'. . .
O'COnX\! G14~ ~o uOHoor; Am.' JO 9t10PJl....o,lo.l otn o~ ::+oo~
-qno ' 1"['045 a~~Gn.lJ.. Oln PU'l? C)~ t?l;IJm.:x~~ .n~l~~; 3 ~3n.l.r.
;. 'J.
. i
~ ~ -a:
, I:O~'!:.lo!! . J S Iuoa JO t[.l \1::>p <HI:} ucrln
. i "
. ,.
l 'J '.J:m;rJ. }O an
. ... ,. i", r,' f .' i' t . _,_ .:
-Iu.... ~O~.1:UW .TJRJ Ui)q~ Oln J~ '::+\t..o' .Iud (OG) h~tt"'l.l=l pooo
" .f. _..... . . '. '{..! .;....
-Xi) ::+ou 11tll{9 Guo'f1u.:mJ.:too OI~i.:'~l.:rl?l{O .:to;!: PO".luuol:Jot>
.... "~a'.:rutt!l ;0'IO."It!46 Olr~ ".l17l{':l ;;tllal~Oq paplIl0.:td~~~~~d~'j
. . .... i- . . . . ..' .... ....
h1T'\?ol n::>ods ::+tli3utt?:tGO.t pno HJ!'l =ts~'I .:t.,iq ..r;q /.t?Ux' oqo . sv"
~ .... (" ,-. . -, .'. ". . .." :.'f ":" '4..~
'~sn.l,I. ul .:to /.Fqn'[osqu .IOll"HoqA 'E1":laD.lQ~u't ~o ~o:}t~~oa
, '. {.... . .
.. '; I . ".' . ~ i
t1q;1l,'t qons uT put? !.Hlo,n.:todo.7cI .l0 G~Unollnz \tons uT
j ..
'.lopuno.laq p~~uaIO G~~n.:tJ. lt~ JO aO.lJ , (JTOS.loq o~
. I'.
.10 o::+~~s~ ~Qq JO c~O~TpO.lO oq".l 'B.lO~lr~~~ ~~q 'O~U~
I
, I
-sa .lot[ O".l ~ou ~nq)' f~tton~;tod.:too olql?:n~l.!l{:) pUll on9
i
LO.S
',. "'. ",-
'. ..~ ,
. ~~ . .
.
-91 ~aq JOLIn .l0 O~9~ .1:0 auo qons o~ p0~nql~~SIP oq
i ...., ..; ':. ; l
It'Ct{S · a1o'pIll fq:~:l JO u?l~oas. .6uH)<)po.ld at(".l .lOpun
." . '-0' ,'. :~. ...:.......~~...~
: p;.:rino~.:i :}uno...-g / hue' DuT.....las&.l .10 LUl'Ai1r1 ~<I:Ut' ::lnq
. . '.. i .. !: ,.., .:. i' . 1
pa:jnqI.:r~BIPun ;:~ pon.lOot' 0'1 kelU ~'12i.l".l au:o;:JuT hUt? CUT'
'. . . I.",' .. .. . . .)..~. ,'~
-pntOuI 13 ~sn.!,~ PTuS lIT Ltl1UTOtllO.l ~Unou.'tl a~'HtI~ otf.l
~ .. . '.. i
J ilCU\i~.i, ..~ SIUOCI .iJ:0 l.f.l'uop 9q:l uodn
. ..'. I
i
... . I
'SS<>UtI'f ~S\2t. .:t<ll{
'" '-. I . , :;..:,.
'o3od;rnd~iR;xo;J iil:ll:mf);)pn ::tOU fiT O~~~SU o~'Oqo~d '.'lcnl
,.;~'~~=~ lmoa JO ~;.opaq, uodn JI ~~::~~..
Cll.f.l O'~ .pa.xaIlHDp f>uPl.:uo\ uT :iu;;J\lm3:+6uT Ul1 Aq o-:t::>OXTti.
.-' J. .:. .' ~ I ,.. : - f . '. .';' ":".~.,' .'':
aBT~.1:oq~o ~adV3J .~ SIUoa sG31un P~?flt?nbo 0'1 T'[Oq3.
uon~ls 6~n)a~D.7d etri '~o~Jun ^~pndslP :hun "~El{~" ~a~;:-ta:.
· Rou-i :'\ .~uoa '0 oneaT Dq_ ,0 .xu~ '0 _"""04 "q, .;0/
.,.....~~~~:~~~~.~-::~~~...~~~--.~'!~.~'-~~-:-r---
. . .... ...
~ . : t t.. . '.4
90.S
, '." ~t ,t ,.. ~t
'3 ~Sn.I~ WO.lJ tET.:lnq pUR tU~aunJ
.,.' .;. 1('
JO sOGuauxa a~ ^~d ^~W aa~s~~ o~
"
.
.
,. ,.
"
.;
\~ .
N
\
~
~
,)
~~
4 ~
. '\'
t' t'\ \
Jj
~'1
, "'-
,
.~~ \
.~
"
~,)
~
,~\
~~
\
~
~
. "'....
\ '" '\
\':\
, ....
".)
.;, i."
....r..~ ~"'" t:::"!:t'I~'''..:' .)''':,;.~
..~(~ 'I:~;..~ ;:I.;'-~
. '"
: -, "'"4"--J-"; --'.~~~~A~...
. . :..~~_<-lo..--'_ .
'. 4.02 Upon thG death of the! 'rruct.or .thn/Tr\\S-
t.co";'shall, subject to the {Jroviaionl'J of sect!:Z'2~Ol
I
't,f 'i\itic:lo II of thltf Trust A~jl:c<=;:1ent, diV!1/;tiio'Trust
E~ti1t~. into blo 'aquni '~h<lroEl. ....... . '.; ;. "-' '.r. ::s:..
I
~- :." .~;.:,' One such equal :shure Rhalf be 'li,&ld' in 'rur~." .\ ~. '.
/
'l:hc.;r' t:~st for the benefit of the 'll!:untfr' s step c1nugh..
I
tor, DORIS C. FEARON, born ~U9UGt 5, 1~13 ~nd shall be
held, ~l(lininiotorcd an.1- distrH>'.l ted ai provlded under
Artiole V of L~!S TrUEltAgrccr,'cnt ~d hcrainnftcr re-
/
'farred to a6 "Trust C". Tho other-' f1l.1Ch equal share
i
eh111{ bo held in further trust fIr the beno'fit of '.Tru13-
:i€dr{s"step son, CALVIN n. CJ\flVE( 'born f1iJ.rch 25, '.1925',
I
,," --.......", . .
" and" shilll be' held;t "adriiinia tcr<;i;l Clnd dis ti ibu ted . as pro-
Ivi.dM '~n~er Artieia vi' of thr~ Truot'1\,:<rccmenf alid herc-
.' ~
"'!ha'ffcir-"rcfcrrcd to a:J "'l'r~a't 0" ~. 'Should" either step-
. _ .6 ; ~~. "".. /
t:hilc1ot tl)e Trustor 'be tbpn <:Cc'ciiiscd leav lng . no i6GUC!
. ;
'bttrvivirig, "the r;hare"'of"~6ch deceased nt.eo 'chil.l' :::hall
. f .
',.. -'. .'. . ., / '. .
be ilcl~ed to the othcre'iUal' s/wrc: . Should a step' child
,
'of 'tis .Trustor 'be' tl1en '~ece';Decl leaving haue survIving,
. i
('tHel s!~ai:e of Eluch dec1a~Cd ~t(..p child ohn11 be 'held' in
. ~~urthcr ttuzt' for the' benefit (,)f th~ jr;sua of' E>uch' de-
:caa~ed 'ateI' chiid 0/ the 'i'ru~to::.- 'aild v!1all' be"held, 'ud-
!
"mInistered ana dic.iributcd nn provided under the'final
.~ I. . .
Section"of the sepilrnt.o Trust c:;tabliohcd for such 'ac-
.
:.b~arie:a'stcp' Chl~(,) 'of.'the Trus!:l)r' llntk~r ~.rti.cleg V'Und
:IVI'iot this Trunt 1'lgreemen.t. " l'rovlded, however; that
(" : I., .
'shou1d"jl di'!co~'Ged step'child. of" th(~,'Tl.'u!Jtor hnve validly
''cx6i'ci~ed tho" Hmited pO\-ler of ilf'poinltr!cnl.: cGtabl!shed
:~ uildur:. ouch }hild 'saaplu:a to t1.'\\G t, than in. GUch even t
tho ohnre of !;lIch dCtCoClflca r:;tcp chilj chnll he d!ctril.:.utcll
- 20 -
." . ~
.. sf; -
. qlJA uOJ~u~l"~UO~ uJ ~uDuqcl~dd~ JO.a080d 4~QG .Q~Jo~a,
-Xi) ;;l2ill uo:Wn~.L ')4~ ,'OOUI3:,\llTfHiU =l\'l.04H'~' ^:'\.1~d():cJ. Y.tr,iIo"
O.ICO .O'.{\l:) ilUIl. .ilr.'l?\IUUl O-l .\-(;;todo;r:l 9"{Q0l1:1 ;,lq J O;;;nco .l"){I~O
. J .
hU~ ;(0 pUJIU' JO aSOU~{t!D!.1 ~ eSO<>::JJ~ : I e&~ PI O. J~ U,?~~:;t ..4q,
, ao~un.lJ. OlR .o~ p.):;~;=JJ:ppH 'UUlO"FGh4d 6u'H)uo:J~u lut? ;;0 QO.1..
. .:'. ~ ."
-l.q:do IIO~:H."Il'~ <ilt{=l U1. 't"ItH{:J li3hUil::>: ~,tt /aNI\C,;) :}U().(\~ ..:>ty:) ''fl.
'<3f.u JO 13.:ruaJ~ (:.i,). (MrJ-r.=lUu:.q.~Sll~t :}11 aq nUl{3 .o:>uop.
" .... ..
40n3 .:} e4~ ' -:rO^;)J'~C'l{ , P<>P"I hO.Iq. I VO:} d n;rJ.. "4:} o~ P".lO~:HC>P'
, " '. J
I
6U141.ll:\ u'r -=lUl~ilJn.:l:~all"f ltl? ^q :pm.1J,"~14:} ;0 <:lo.:q nns::q: DT1{,
I .
JO TT~ .10 Cil.IOlll :to QUO 4:?ns :i.o'J/=lsn.1J., UJ .:to O~. a . ~sn:r.t.
;'
JO Tl?dTOUT:IU &t{~ t;10.lJ OU1tlJ.:ro::j~t> TI~l{S I UOn().1::>~JP oT?S ,
i
I
BP! uT. ' C>ll :~ll ' ~lIlo0UT p<>n.loo~':l?U"I~ T'ad"FouT.::rJ Dtp if? tHy
. i
oUTpnlouT pu~' O:} dn JG-;),unOlj.7~ .:to ~tlno:un uti t{ot'.s. =l~TOtl~7j
, el:rn o~. ,?U1I~ \!lO.:q J .hum a.:-JAj\:::>'.U NINr1J::> (0 ~ 9.:
. E..10plio~;}!; oq 0+ ~~1.1:0"F;:)T Jvueq ;wq:}o ~q:J JO ap<)()U.
i . . .... ..~
,.
oq:J PUl1 UCH1?.2"flTGUOO tq~TJ s:}J aq O:} mr!\ul,to :~. llIA'IVO.
1f) f)up)qnal'\, puv ~;rl?lT<>} .,q:J .1appOt:o;) ll'Oqs acqOn.:f4i' o~q ~
'SUOTQl?UTllUa~i:)p \r::>.n~ fiu'Fit:lil U1. ., :uOne,:wPTr Oto~. S;:ll tIT
<:lUTU!I"10P tImp) :nl ~m S\~m9 tt::>no a ~on.:tSA ;f0 tll~l.;:)~l.:t~:.
/
oq::} wO.:tJ. ,s<>sod.:z.rid "Ions .:to;}. k[dd~ .:ro. Aud Ttl?l.{9..,. ':<,~O;J
- /
-o..:tc:.q~ olquHohV ,tic{ Ql 11 o~ ~\oU?[ SPUl\J ..J:i;ll[=lO .l?~tJ~~.}lJ.;
I
fj\IJltUlf) uono.10GTP, vToe 9~T uT. '61o::}~"C'.;r:.r. 0)(0 .'':l.xoJIl!~_
.. (l1qr:uoe~o~. U~i ~.:roodn:;] pUt'! uOT~t;;:)npa 'tfU'ElOl[ .:rlo1{':l .:IO"
,{'to;JtlJ\PC>pu ~lj"tho.:tQ o~ luo"p)1"HnuuT a;r\? J ansGT ,GIll' PUg
I
U'lf.1!\f;) .U tlIA'lV;) J9 ~ Hvuuq Oln.:rO;J .'to o~ orqulu<l uOHooS...f>tiJ,
/ .
-PO:)Cl~d. o/m p"pun .IHtO-;~nql,:qo!P: aq4. n
I
I
I
. JO It>~TouT:l<l "l[1 JO 1:md ~ oUlOooq pUt? ,...0:) ~~pPtl..o~.
T.luqa/ ;I.TJa;; l;u'r:+lInoo~)v wn.:r.t ;;tIU hUT.:rnp i.O:)OIl..lJ. Glf} ,{q
/
'. IH"l'?t<!d\".' .:ro .P.lu..:1 OD :)0'1 <)u:oouJ. ~au r.uv . A.ll!t'uooaa. .oq
!
.
C:~.-9.
" . ~Gn.:r.I, q:>ns,
'.. .... "4 , ~ .
-,
.. ~."'':~; ',. ~'.'-":.~i.~.i'.. ..~'~"::'~~~~~.~
at. ".r...."...:
~~....~_-...........................~al ''<t
~_.T
.~~~~~
.' : .1 .. I
"j'"'~ .\.~...J
~,'---'--..\-
. . '.' r" ...J.:!:,.... IJ~J.' "I'.'U!.~,."" 'ff, .
':n ....:.J.,:..::'..J r"~",:t...;.'.i JO'; :- ..'
'~...,..l...,.___-....__~.t:...-,........~~...,;~.~~.,-~ ..J. ~';";'~-';;~""~U~.~'.
,
;
(lvn11ab1a thl"lrI.1f.or), aha11 p<l}' or apply rOJ: .mich pur":".
I
poac.H~;frOltI tho principal of TJ:llnt C EllOh Llula:!. eEl it:..:
;
ahaD..: detormine. in ita solo discrotion.',' in.tlilJ:ing
I
such c'loter.ndnutions,..tho Tru3tOG G110.11 conifiC.1cr the.
I
\,rolfarc And we llbcing of COIUt; C. P'EJllWt! ~o be its
J
first 'consid<!ration .!tncl tho needs of' thl other 'b~ne-
.j'. .. ._- ...
, -.' ..... - .....,; #
fic1arlos to be Gccondary.
~ ..... -.S~03 DORIS C. FI:1\RO!i /:lay, fr6m tihle to ...;. ..
,
i
time"" ;' nppoint such an aJ:\ount or am01.Jllts, up to and
including all of the prina,ipal and nbcrued incof-1c-,
i
ad"' '.a he , in her solo discretion nhnll dotermino froin
.
tho.principnl of TrU3C Cto or In/tru~t for ~uehor.e
or,- luore or all of har- Loslle free lof. t11is Trust by'
I .
.
an'!nctrwhent in l-lriting 'delive~.,Jd to thE). TrusteG,:
prOV~d~Cl, ho\'1ovcr., that suer o011eo sht!ll' ba h t lea3t:
t\1cnty.,.fivc (25) YCilrs of ago_:' In tho e".cnt 'DORIS C.
FB1\RON .lOhull, in tho ll'rittOl1 cpinion of any ilt."tcn.. _
. i
ding- physician, .addraased to tho'1'l'utlteE:l', hy rCC1rJO!l
I
,
of oldngo, '. tlisear:o ,'."t'tenJmass of mind or al1~' other
I .
causa.,: 'be Untlblo PJ:olJer1l' io manage and takoonro of.-
r .
. ..
hot'. IJropcrty I,d thou t E\(;;Bi~tcUlcO, . .tho 'l'ruGteo romy ex-'"
~ 1.
erc!co: cuch pm4ct.' of appdintlilC!llt 'in consultation with
f6.rJ!lY 1:hnllbarc -' ,'.. Duel! d(!OiO.f.on~/ hm'levar, '\1111 be
. I
sOlely in the diacrctioh ofthu '.L'ructcc and cuch dcc!-
I
'SionEi will be b.f.nding rind conelu!3ivo 'Upon all pCOL-sonr;
i
intorOGtc<l horeunder.; I
I
r
'.
--: ,,~'5 ~M'
Upon subsequent 01v10ion of.Truot C, no
acij\l:;tmcnt "hall bo t:111do to cgu\:lli;-;o for any' ll.::I01.In1.:s
pruviouol.y cxp~;ndca [rom the pd,l1c1pill th(!reofto or
- 22 '.
- f.'l" -
. . '1- .... ~ .
';. ,"
'opn.:I\l Gl'~~ 111 POP't.\~.tcl
" "
i~)~su sn o~ PD~~OlD.:I ~D1JcuJ
.t-,"
" .
.:IDq~jnJ g~ (~911q~puu36
. .' l' . ":'. ... .~.
-;).J:;)tI) ;X0~6n.:I.L Oll~ '10 prpF'Pu~.15 'dv~:> t2 ;to] P::lIiBT"Cqu:tso
" . - . ~... . ...., .;. . _. . '. . . e..
'q:::ma JO l't'dT;:ll.1!~J piIT1 O\!lOOtq ~;)Uotl~"
lHni::} O=l-L?.:tl1Jo,9
;
a:j.nqp::}GTP pq~ ^1ddll'lF"!~ ai)~S\l.:t;t aq.r.
, ',: " '. .". i/'" t1,~;q?tP~opm?J:a' .io.r '.' . ~ ari;IJ.
-'
. ~ ': "" .:: .:.
10"l .
., ,I": " r (' ~~
:'~'" .:.. -":- ',l:. ~."'
. "": ...:. '.~ .', '"
. . t:l;-:' t' ~ ;;.-.
IIA ~t'I;)I.L~V
: . ~ ...: f ~... .: ~ :.-~ e_
" ".
"( ..
.. :.; :.~f:'.1 o.}
'.I ,"'_ ..
'. .; .' ...,....t: ~;..... ...-.....~. .':.. ..1"-',,~ .~
",. " ~Ui"ta':>;:l~6'.[ ,~G~3J. s :fl{~ 1'1.{I~ 'C?1Y~'
I
-. t ~',
':.. .. ;.".. .. . ;-:.) ~.
;p.:IV.;lopun paplAO.IU Sl? P~~t:lq-r;;1:f.IP PUI2 p?-;Ia:}G1Ut.~~~,
,
'YF>4 aq t10\lS pUl~ ~!3n.l~. a~l:J.I,?d~~. a,s,;? P-['3'{ oq tn19,6 :
.'
(ulJUl{=?puu;;l) dO=ls" ll~ .:o+..pQ.I~6JiJ'.I .:Io:uuUF).1<ilq) ,.
'.i .
.U3^~:1,l;) "a .t1!AT'!:'> iJo PLP.f=?6UT4l{;'\t .;tol i?31{GHq~l:~
l
-:;0 O.:IlSl{S ',l"el\;)() tpl?::J. "uol~ t1~uo:iu.Id<l.:I JO uldTOUl.:Id
, " J
o\l~ tlodt" vn:Jc F lpr,B CJ:+ p~;n~?i:+9TP aq. '[tlStI13, ~ul'J\l~;,
...Inu <lnosJ5u~^\?or. U3A~i\l;) ,~~y" N14'lV:'> JO r-l1qo p;)a~~:>.,
.I
.-~p 11 .J:OJ \",ulIGTtql!:}~\:) aJ:n~9 '[lSnr)a q::)\~S . LUT^l^~n.G, ','
. ' !
~Ossi,!ia^UOl Ol[i-l. ~MU\i,,;> ~U.NIATJ;;> J" prpp peouo:>
-ap qo'~u ;roJ pOllonq13-l!1v 0.1'\ttI9 Ttmh~ nuo .~U~ ~:;UIol!V:);
..
"U N Il'.'I\!;)
1-0 PtT'pfiup,n
/
auo q:n..... rv.ll.HfS
,
Ivnba o~uT POPJ^TP,aqlln~s
qot:~ .J:O;J pal.iGHqE~sq ,onq~.~
. '" ~ .
"I,"
, IJinb;;) .
't.... a 'lsru,t JO lunPlsu3 P[\'6 ulfJ.
,- ,
"U::L....ml:> . U NINNO ;Jo
~ ,'-: i ;>11891. aq~ ,;10 ;:l T ] &;)U >)q ~tn .IoJ =lBn.:l,L .:raql."lnJ u"(:" I Aue
.. . . ,
JT '~6[\3,t Pr~ JO ~on;xod P;)~\lT9dd'\tun r>Ull,'T~l:tO.:I ,a~
1'10'1 ! P\)^7~:Dv;r ,;[0 prod,' e>q ~::q, :J.=lUnOIlIU ^U~ 6UPI~~.1
OPH.I\l Sl',{j, ;JO uon:>v~ .{u"G. J9 CUOI~l^O.ld, <:lip 9=l-..,o~f
I
,-:-qf\:l ~'lIl'qg oo:p:m.1J. otl=l DUll a~ l1UT~UO~ '['[\HIS 9, ~11.n."lJ. .
/
'il;r^~'Ii\>.'u NINI'i:> JO t{~nop o~~ uodn
LO"9:, -":
"a. .ii~~.lJ,.}ll on"[VA :~,):[.Hlu.l .:ITP.J lIiHr~ vlP ]0 :}UClO ,Z"rj _
!
.,~..-;......~..,.,;~~~....'t'a:'''~J ~.' ~. u'......~._.-
~ r
~~~.\i
t \
r' ,:-. ~
. I
\'..l.'~ ~
\., -\ l"\
i t' ~
~ ;'"l, rt
l!. , \'\;\
" ..l "
..\
'\) ~:tl
I ,'" ,
I"
r"-, ".
'-\) \"
I l
'\)
t
" :- I
'.
I
.... :t'~':; ;..r: .....
"
ft r I."::
..' .":..',
f:: ., :.;.. l ) 1_
. . '.~ '.. ,.,~.:...,~..r..-,.~......:.......:"............t..fJ(;".;~.~~J~~...J~;.~I..~~......,......
--,-'" --~--'.:"-':"'':'''--._._--~-.-.;.... '" ~ --.
- I:.iao 1"Oillailli1l9 \lI11lppointcd t/ortion ot thl) 'j,'rUlJt, it!.'
. ,...'. ...".. 'i/ .
~lll', i!l further Trust for tho benoflt of the ior.V6
of DORIC C~ FEl\I<OH. Tht3 said ro~illual 0; .~/.~ :,'..;-,1, "
sha~t bEl divided into equ<ll sharoo .lith o,~<;a" equal sharo
cot:nbliahed for each living child of r.onis c. FEARON
.. ~
, '\
l .
r~
J 1,\
'1 '\\ ~
~ .
~. ~. (\
il.... \.
.~) ~r'l
\\ 1\,)
,I .!' .....
~ , "
~ '4..~ \
\' . \"
{ ;
.\
r.,
o ,
't
; .:.
llnd one oqllo'11 share cstclblishcd for 9,-ich decouDcd ohild
., - ..... "" .;.
. ". , .
of DORIS C. p!::)\nmi \-1ho leaven iG:.ma survlvJ.nq.
" .. ...
/ .
(lq~,~l ~ ~haro establ1!:hed for a deceased child of
Each
DORIS C.
/
FEARO~J lCllving issue surviv~n':l shall be diotributed to
.... ..,i,....... ..' /# . .~. : '.' _ 0(
6uch l08ue upon the principle of representation. Each
'. . -. ./ ....
equ~~ shore cstclblished for a living chUd or DonIS C.
' '., ';. . /.
..'
FEARON (harcinnfte+'rcferrcd to as "grandchild") Dhall
-.,., : ..'.. .;/
b~ held as Q sepm:u.to trust anti ahnll be.! held, atiminiG-
"
tcrc~ and diotributed as provided under Article VII of
..... ;.
this Truot l\greCi:1ent.
'.. ",'
. . -" ..
. .;' ;'" i, .'.
ARTICLE VI /
Trust ~~r DOl1efit of CALVIN n. O{R~R !..
./
/. .'
The Trusteo 1;lay pay..co much of the
/ .'
not incorllo from Trust D. to or [or thei'" benefit of C1\.LVIH
~:' C~"'lm ~n~h~Si~~~: ~: ~~~h ~Jlul>t. and' in OUCh"
prorortions, as the Trustee in ~ts Go1e discretion shall
. '. ~; , '" I " . "
dotermi.l1e. Tho judgment of l'1lO TruEltee 0.0 to the pro-
0'. '. '" . I . . . .
prictl' or amount of &lny auc}1' di!Jtributioll oha11 be blnd-
. .. :..... '. ..'. . . ....,' . . ..... '. '..
Ing and conclunlve upon all pornono whoI'lfloevcr. In mak-
. :' .. '.j. . .
ing auch dctcrminntionoi tho TJ:ll~te(! shall consider the
.' -, . I ..
":olfnre i!nd \':ollboing .of CALVn: n. CAnVLR to be fts firot
......:.
. : of ., ...
,... J, .
-l;
Trust tI
. ".G:?l
.' .. .'.
con9idcration and tho noeds of tho othor bcneflci,~ios to
I
~ - ,
.. ;!4 -
I,
- 6t -
puo i)~nql.:I~Dn) 11l:'q!J O;)~!J!U.1 otI~ I !l.:I\!Q/; (OE) k-l.:Illn JO
nryt' oq~ GUlu:nu pn\ppUl?.:If> d~=ls q::mn u.14,"1 : 1:m.IJ, .:q u.:r
-p.doa :wq .:xo s'PI JO IUl!'fPUT.:Id oq:} dO a~uEI~q tl:.'ll[~ otn
, .
JO (r./T) P.:r'PR-Ol.!O PH4;:lpuu.I.6 dvlll q:::ma O~ .10.l\HOP pUT:
~ . , . ...:... .... . ."
i)~nqp":lslP IlullS tl<3:}130.l,1 (l\f~ 's.:Il?()J\ (<;Z) "a.l\n-^~UOt1~ ;J6
t
ouu O1.n Sl\lt?~Vl poqsll'{t'lSO Ui)@Q auq ')StI.:I.1 U \\1oqt.\ :IO}
Pl~q:)pTl\1.:In ..10:}5 4:)[)::} uoqf.\ ;)IU'F=l aq1 ~'1i
-l.
':J
.....~ :: ~. : ','
,
t. ." 1
. .:IOl>t)OSI!~~tlH' SllOlJ:I8c1 1 t-il' uocln
,.
.. . .... .;' (
Q.t\lanl~.lUoo PUfI vUTPuTQ oq 111~~~ ~lI"!ll\{?1?Co7::>uo
. i
~unolll~' ;IO ^~aT .1JO':rc.i' Oti:f O:} OP. ee:}:-n3J, oq~
,.. .....1
tpn8 . AUU ]0
. .... l'
JO ~u\}ui!>ph~
.
.' ..' . . : t ~:..~ ..
a\{.L oa5potJ.\Cml 0.1\114 nuqg ac>:}stU.t m{l q::>T4/o\ do' PlItt::>
;
. of ""
-PUUo7& del S qon:, 01 olGuHuM s:tt,SS\1 PF..on puu" eUiooul
.... '..' I .
o7Ol{lO HU uon U..1opp:;uon O'lUT.tuT~lll' / lUOU~~' b~k: ~~n
I '
s, PI Tt{:>pmufi tj\?::s q::mt> ;,oJ aT.ciUGTl>Pll 070 ^.l~99003~' Il.ta::>p
otlIl=l O:j <)urp \:IO.:I] A:e:l.\ a'iJ':l.sn.l'J. atG sn ~S,(\.l'.t ~~~i.ic1oD
.I~ . ".' ~ .
8. PTTl[:>pu~.:x6 d..~s' I.pn:.: ",f?' It?dTOtl'pcl oq~ 1lJ0;IJ s~unou."Q
i . .
l{::>ns : .:tOt{ .:xo lltT4 .:xo; P<>PTl>o.:xd a^oql?1I10.:IClT.{ u~uaml\?d
.. =': ~: : . - I _
~
l" ,.'
Eli)IO:>UT .>tn O:J Ull'f1 TPPU trf J ~l ~;:)UDq s. PTTqopuu.:t6
".' .' '. . '., . ':' .
da~u PT~S' ,lOJ ~Tddn ~o 04 "cd 'uoT:JQ;[O$TP B~t 'uT X~W
1 'P..
oo~nn.:t.L C>tG 'llOlS~9JCl.7d .10 sn9u'!onq 'Q .:t;;l:}ua ;IO aillOtt
, . l . ",' " . . . -~, ..
, \? a.:qub::>tz' 01 ':W..'~.:t()Jr.l0:,) olqnuOST?il.l uT :i.:xoddns' puP.
... ',.:, t... , " " ,.
uOT~ 'I?::>np3 · tGl N)\(' .:xarIo.:rd ."jot{ .70 Sl\{ ;I01 DptmJ ao paldU
: t
U1 aq UOGU"J.:I };ut? .:xO} PIT',Otls nOo7pT"PloPUU.:xl) U~';l!l VTto'S
. ,
. ..
~o "ut? '8i3=\Do.:t.t 0t{:) ;TO U01:lQ.:xooJP pOI"(o.:qtlo;)un ptrC
'. .:".
.,~nTosqu Oln lq I ol:;l~ .{un ';It? ill
.~. .... '-'. ;.. I
on
os.:{U;:)"
(SC) Ol>T}:~~~l~
!
'.to '.~~" . ': j
10 nD\? o1.{;} CTJTtll,;}1Z PTTtI;>puu.xo du~s qons IT'lun o:}ua\lZ
l : . ,.
....--~:t~su/.;U01UQ^Ul)O .:rnt{lo,:w AttI'lU0I11 uT ~Gn.xJ. .:xaq.:Io
(l'PI \!!O.:q 0\:10:J\l1 ';l,m ntH 10 tIt? PTT~:>puu.:r.!j dn1D qnria
. j .
dO' :11 )OllQq (HH .:.to} kCddl? .:IO 01 F.'l1d ;lO~ Jll~':l':lln TTtllrll
I
I
. :. .--..--....-......~-----~--.--'~:---- ~I
.A ..__..........t......~...oo#I........."...o(,.:.......A....~.--- . .
of . _'. ,_ _I ., .', . ..... . t.. .' \ 10,"..0 ... . . .
. ..\'.......
,
~. .
intorc~tQJ hereundor.
"}
. t..! ... " '.
....
Trut;:toc.
........ ~. .
G.(lS
. r.,/.":
- .. - '" .
. ~ ~ .r .
.!t: :.
thaTrusteo may pal' tho expen(:cs of his loot 111noos,
\: ....... ,~". :. .r."~ . l
funeral and Lurial from TruGt D.
":;..lo ..... . :." ../ . " "
6.06 Upon tho death of CALVIll R. CARVER,
. "'l ;',;..! ~'. ..... : _/ ."
the enUre i:\Ji1ount remainilt':} iIl Daia Trust D, includ-
i ~.' .~ ..... ! ..., . ',' ,0..1 :. I . . ..~. ":
. I
i?gi~~~Y lnc<?me thil~ may to. accrl1~~ or und~~~lbute~l
but ~f~oT. pnying or rec~~ing uny ~rtount.roquir.eJ .
;. ;.... :.. :'. . " ..:/.. . .:. ' . i'
~~~r\.~lEl prccC\H~9~lc:i~n 'of this Articlo, Bhilll
be distributed to f$uCh one or :r,oT.C or 1.\11 of hia &1-
"
i
suo and'charituble. cor.poration (tut not to his e~tate,
. /
his cr.odi\;.oT.G, the.' crec1itoro uf his esta to or to hi.m-
f
. ...
.'
",'
self), freo of. nIl .Tnlsts cean tcc1 .hereunder, in (jueh
i
~ounts.or propqrtiontf and in Ollch"}l\\';ful 'o:Jtatco ot",
1.1lterOGts, l\'hothor' absolutoly or. 11\ 'I'ruat: 110 '.he may, by
hiG'LMt '1111 and To:stufIlcnt sl-'ccif.icnlly appoint, pro- .
vJdcd 'ho\-laV(l)~~ that tho share or f;haro~ d6nignatcd
for"chnritublo corporations sh.:lll ll0t excccl! twonty (20)
.,
"
- 2G -
-' n:
;;:.;H:?TOlJouoq tF>n9 · .:ra...OMoq 'P3PT.t\O.:rd I Toot(OG [HIt? OIl!Otl UO'JI'qoq
ttor~.q lOdUllYXl Otqt?U09t:'l"U pun · 91~~tlClPl ot! r l.'u\.> rlllpn~Y{~ OtqnuOB
-U<>.I I p.:lt!?'l pUt? IUOO.I ' C'ljooq 'SD<:l~ 'UOr:p;n4 :IO;} spun;} es.:rnq::q'p.
.". .
'1I01=liJ.:!ooTP o:n tIT '.\t?w <lcqon.7J, aq~ ' (6i'>a.:moo e:nmp~.I5':l::l0({
. ,
6uTpnTOUT) lo^a'[ ToOtpa :\),t?p~tOoeB mn pUOA;;)'1 sosod:mll tlHtorJ
I '
-llonpa .:IO;} apunl :1.0J .tupuna.:!;)q PQq$TTql?~Gu ":lon.:rJ. AUl1 .70pun
'". . ,
"4S0nna.I U <:l^TQoa.:r ltl~q9 001Sn.I,L Otn ~U;:Me mn UI fO. 84 ,
. "t ~ 0.:'
.~mqotlll.100 pU"Q
. -t" ..' >, .'!
;)^1TI1 UP?uro.x Ttl1qa Q:;)llTIlIOU q::>n1J .10 aq en tittOl/OB (~~roU1'C~OoJ. PUll
TfHi ~O\?'I aTq ;)0 6Vl.:I01 oq~ Aq .10 .6u'H1.:lM uJ
J
.\:q P;)~UUttUOU uOlJ.:md AUU ::0) NOUV&iI ";) tUA'ru;)
....
UOUV:td ";) NINIVO
. "'(
· UOll GTll o~ 'oG-ed
. [1
TTl:?t[O .7o.-:.od q:::lne 'NOaV3d "a S~'l1I\I1I;) ;]o/\:::lu<>:+iildUlOOUT .:to q~uop
;i
..q=1 JO ~UO.AO aQ~ ur "){OO=ls tpna J)UTPTOtt,';Jo UOSlli>.7 ~q p"tlT~~anB
, )
. .-
Elq AU~. ,qoJtt;.~ s901 lug .7oJ A=lTllq~Tl O? a^~q 'lTuqa eo'~sn.:r.t ollJi
,', .t' ..
-~UO:}OdiUO::l UT"el!IiSl.;l puu "^TI\? aq T'[uq~ E)q an 6uCT os I NO~V:U '4
... -,.
s::rrnlvn:> 1,0 ~u,asuoo uC>~~ T,V.\ otG ~ n01[=l p~ '100:l9 eu.;es at{~ ;10 sa.7uqa
.-' l '\." 'l . i .
AU-e 110B ~OU TT't't{B a()~!3n.:I.r. ott~ pU~;" NOUV::ia - d Sa'UIVn:> Aq VO:}OA
" ..4
. -
eq T"['('t[C Q.:lot[o '-o:lt1:ll?das AUU u1 .:to o~u:Js:;r ~Gn.:I.r. ol.{:} u1 'Plaq :l{;)O~,S
/' .,.
. :lNI 'AUiZ,mO;J :nm NVOlioaos ~mn:J\l(Us: all:} .7oJ Axo.td <>t[~ I .7o~an.7.t Dt[';l
..1 . -,' <,'.': '
;]0 {~uolUOa.xfi\l ~on.:l,L s'P-rl 10 I Ql::ln.:rv dO (E) :xo (i: f ;)90"1' non
j , .'
-oas .1opan pauT,;Jap Gl?J ~~To\1dnot.IT .70 t[~uap aq~ uodn
. .
, ,i'.t.
ZOOS -
..
.~OO~g qons 'ouTPToq ~o 'tiOD~G.7 ^q
I' :
'"
PouT~~sns eq A~ ~::llttH s601 AUU .701 A~Tl1q~Tl au 8^'t'q TI~U.G'9~=lSn3.r.
'.
aq,t
. -
. ~t1a=lOdlllO;) UTUllr.>.:t pUt? O^TTt1 oq IT'Otto oaUT':IOU slt{,.TO aq Sl!
,I
f)UOl os OOupCOU BTt[ .:IO mJl\1iV;) "U tUN1\':> 10 :}u<>SUoo ua:nl.:r/.\ eq:J ~no
-tn T/.\ ~,oo:)1l PIllS a!J~ JO so.:mqa AU\? TI89 :JOll Tlulls cH):JGO:X.r. ot{~ puu
. ,". t"
..".. .. . . "; :'"
(':lU",~~sC),L pue 1111-\ ~S~'I BTll ;JO al!1.:n<)~ etA Aq ':10 pU'HT.:rM.' uJ UM)N;)
. . -
. . '. ," ...; .
"'tJ HINIVJ Aq 'pa~t?tlluIOU Uo(u~d AUti .:Io) 'd3h'tJV:> .U NIA'!V:)' ^q pC)~M
',' .'- -,I- . . . , ,\ " '.
aq tltHI9 o.:rnqs u:jU.:rtld09 Aun UT .70 a:p?':}98: :;on:r.r. iltF\ tq: Plotl )(::>O~U
; l.
. \','" .,:.-.:......;,
s::UU.:LSnmU al~ !~m.LI'II.Ln 'IVNOIJ.VJ.l ern .7oJ Axo.1d aq':l '.:r6~on.x.r. aq~
/' :
10 [~uo~~O.If.V ~Dn:rJ. ul4~ JO I aTOT~.IV ;0 (el .10 (~) ;) 90"1 UOT~
/'
-0'-'3 .:reV.Jn 'DCtrraap Ol?] k:nOl1dr.'::>IlT .%0 l{~\?OP eq':} uodn
/
j
" f:"'" \. .L",,,,,-:..':l1' ~:~.Io\""'\_: ~..~'+~)Il:....... __....~ --~lI'",,:,",-~~f~. J..\i.--.....~~.~~~.~ I
.4-,. .7" '. . Il . ,'".. '... ",; ". ,'.' . ,.. .
: ",' ~..~
TO. a .
DUOl~; I /l.O.:ld ul~o;>UtlTTOOIlT~1
"
~\. ~'I
\ ~
\', ~
\~i i
{ ; \'::.,
" ~'
'- ,\
r'~
;'\,
\
n
\), "-
\ ~ .
\ ~,
", )~ '
l\)
I
" \
\{,
r\:
.
,1\
\\\
~'
.j
f -~...
~,
~
i'
\\
\"'\.
, .
,1
,~
(-
S"
~
. . ..... -..~
~ -" .~.~.~.t>~-'--;--_:-:.,'
.- ,
i I
. ~ . __........:-:-.~~:~..~:..!,'.:...ff.:.:.~..;.I:-...;;...:.:
\~~~.~=--.-~.Ch SU:-::~~=t COt041ohcd
· ; for"'(\"U...ing step grandchild ~;!U\11 be uiGtr~~utcd' to
, . -. ' . f ,
such" atep gralluchild to tho m:tent of onettlird (1/3)
, '. . ,.., ',. '. '. . . /, ' ,'.
'thereof if the ~top <]1:11ndchlld for \lJl1QiA tae ~rust Wlln
i
eGi:~b1isjlcd hao' at'tained the ago of tiycnJY-fivc (25)
J
I
ycarD~ to the extent of ~...o-thirdfJ (2~j) tllOrco€" if
I
tho ritep grandchild tor whom tho Truct.' W110 Gstabli!lhed
I
I .
haD 'nttail1<1c} the age of thirty (30) '.(caxs I and the't'/hole
, . I
of 'the Trust shall bo dist:l."ibuted' to ouch Gt~p' gr,:uld-
J
cti!ld:' if he or she.' i'lllS' then a ttuintd the, age of thir-
I
I
The Trustee !Jhnl.}:( apply and dicitri':
tY~fiv~ (35) yearn.
, "7.C3
bu't~ttbc not incotlG .and' p~in~ip'i.ll of ~ach undistri-
, ,
.. " .' - .. ' . I
buted'Trust eatabliGhed' for the benefit of any'living
'fl ' . f' . ...... j'
istop ~ grOlldchild, UIl hereinnl1ovo provided 'an f"oll.ows,'
, "
F.,.;.S::.: .',: A. untii '~a'~h ::Jtep grandchild attains
. . ':' :P. -; '.. f.". l- I. ." ~
the ago of t\rontY-One'~21r'yc"rs, thaTruBtce shall
Pay ~(; 0; Apply' for Guctl atup grandcilild t'~ b~nafit. so
," ~.. .,~ ,. . . -'. . i ~ .' :. I . . .
muoh of 'the :net 'i.tlc01R~;li'ro.'tl.' hio or her separate Trust
, ., \'; f' . ", l . '~.,"
up ~ to tho '.1hole ,thereof ao the Trustee in ita absolu to
, ,
, . ,. ,... "" , ;'.' .
d1scr~tion may frout time' to' timo deem necessary or 'ad-
., . ". , " I ' . ," ,. "
vlanblc'-'for tile prO.(.ler helllth, education anci'suppor.t
" , t '. . i.. .',
in' raa.oounblc comfpr t 'of such step grandchild, tilking
;
into conaidcratioil all oth~r income and liquid ufjtlcto
dV~li~bic t.o" such- 3tep~ralldc!d.ld 'of which tho Tiu:3t~(!
't.' ".. . : . . .
chaII have know1edge..' The balimcc of the net incoTJs,
'.
..', :
if nnr:' Ohill! be acoUlilUln tou by tho 'l'r.ustce and from
hrl~C!t~ titne added to 'til(!, prIncipli1 of: ouch step granc1-
. .. . .. ". ~
chii'c1I's"scparllto '.:.'rust. Upon clIoh st:q) grllnuchild at':"
b:\iiiorig'thci ogt;. of 1:,~"'o1\ty-onc (21) ycurs~' the :Truotco
- 2fJ -.
- EC -
'1: L61 '!i :llm!:'nv
: se3Tcb::-r uOTGlJlmu,o:> .~l
:ynC!lld /i.11:'. Ol~
-----,~[:.~?l1!~~..T -'Y
Y " '1\2;':3 t'l?l""DJO
pUU PUlJl{ .{l!l ~vn O=\U1h.'.'Ialj I '.'l'OSnZl!.'l SS'Jt:.LIH IU
--/
'notj"p~4uO:) ul:nmr:! . ~-4-;mii "'4":\ .:4oJ QI'Il?S E'U~ JO u01~no3
-Xv tl4=! r<,>6pall~l.)H~I:.:l~ {)qf.\ pUt' ::tU<li.1!n.r:}Gl':1 f)1!1C!:'S.:rOl oln
O:j r-oqT ,;t::>s.,ns ~T ;..)1t'1.?:t i,SOl.(t\ lIO::>.:r",j at{".l l)::{ o:t (UilhO.:Id
F.TT.lo:t~t?J:J1'-ll]G ;(o) <'lti~ o:t tll-lOIl){ 'o:TAaVJ 'fT :J02 t"lQ..Tl?<lud\l
^tltmO~; :1<)'.i ':)1.1(1\',., lj.Ttqo!; '.'vllf,lG .:z':>:~lrn Oll:t 'ClUJ .:>.,;tOlClq
'TL6t "'-'--~.~It(;,"~o ^1.?p --9Z ;:>\n 'uT4:t uo
~do::>T.:IU~ ~O ^~unoJ
'SS
V:WZ nIV .iro 3LV.r.S
---..-.----..-.- ----.-.-.----- -
/77.?/('Y:I' r'~ ~,7?l:J.1/?J 1~8
t/ ,/j:/ . ,- i /J
, . ;:>"':v.'Jn.l.T, C 12
\!~02 nI\! dO ~W\;"H 'I\!::Or.t~!~ 1.:.I'1'IV.lI.
-~~(rr~lr~/' hg
.lo:tcn;{L .:IOl ~OU30~~V
SIliUO!i . H .LtlmlOU
.----"
'O~ ^:tl.'In~<>s TU'ooS
__.._w_.___-.__ __._.. ._"___
1 .t; {j i, "''' ...: It ....f' "..,
I,. t. .'.. ..1_( ,.
r.'. .
( .lCf-llsn.:z.r.
?:7J.~' JFiY"-'-(;7--'1;-:jf--
. ")) \.. '-~'
. .....
'tl<>:f~I:.ct'1 0hoqt? ~~.7T;J .ll?Cl^ pm~ hl?p a!I~ uo tIe '..laol:Jlo
.".("
PO:?l.l0Tnn~ .hTnp f)~"f .hq P;;;Ql.:I::lsqns aq o:t c)!UUU. O~ll
.~.,.. .. t. ....~
. .-Jod2o:> a:n !li1snp.:1 SNt :;la~13n.:r.t aq~ plH~ 'PU\?t( .IGq ia~ .'. :'~
". .,..;,'.
..... '/ .
# .....1 \ '.~
"'.. : ..... .:o~uno;xl)q :n't.t-..:ro,:\9'1.:r.t Enn '.ilOmIaHH ss::m.Llf.1 ,-ttI '. '."
: . '. I~ . ~ i' ..
.... .. ",,,'" ':. ..t'.'
. :--::.. ,../' '.~:>l)nO ut 3~~~l?o.:raq ..Tq 'i\~t1:'811 "',:
..............IJII :
l?UOZPV JO u:P?~.Svtr+..~o 1lJ.\t2"( Oln ,{q p()~\!Tn6a.:r pu~ .:rapun
:.~ . " . ,.
,
./"
"
,-
a~n-' ..C:q
.-'
",
p<lt1.I~auo::l~oq 1ll?Qs =ltl('li.::~.7()v ,:\on.I,t 514,t
.....
"'. 1
. ':tIl<;"m.:I~D\tT'-Qhl~lBoi; sll? mH ;fo sur.:za~
. ...,
........
Pi)::)uODlt~ <lCpL1;'11.!~l1 s!1;~"[lrn 1 r/lq~tl?npp~a:r ;:l\n JO
,"
90.0
"
. ~.
.........~~~--;-~_.-:--..-_...- ..-.. '--'-"
.' r
:r., . . t. 1 r :~c J .
., ".:.:J.{,u": :..). h" ~ . -..:::._",,"!.'1'" Lll
......... r'
.'," ..1
. . . I" I . ~ '0 io; .; :.
, . ,
. . .... . ~ , ., --~ ""'......:..,...,..;.. ~.) .........~.....
.~'~~~~...--------""....... . .
; ~.~..... ..~ ~ ~:~~.~~.i.......';.,;!,.:~... :;'.~. :'I'~;:,' ':'.
. " I
~ delivor. to ouch otap 9rlUlc1child onchaH (1/2) If ,~ho',',:"
1,.\. then,'bll.lnncc' of tbG principal of ouch [;epara7~_ Trunt"..:;
I
. i,',:;. .~O(l: ~lh~~ Eluch ~to~ gralluchlld ,1 ttaitlo tho :[10 o~l.thu-~ '..:~ :
"",(:'rY-;-.~ive. (35) }'earsf the Truatoc shall ~C/V9X tQ.'.~uc~.. ~
~---; ..ct€:~~ 9~."ndchild all of tho then rc.,.1.t''liili?'~~incJ.~ill: and
I
.c"
il1colue of. such GCI?~D: te 'L'ru6t. /. , ~. .;
, " ., :.' . D., Should ,llU7k' .. teJ;> IJ:z:;tndc!lild die 00-
.. ) '. ~ . .
,.
..,. tore becoming ent:i~led. to receive rat~lbUtion of the
, entlrQ Trust eatal.Jlishcd for ~.1;,1 0'1.' her, tho .rcnaindcr
'!' {' ." . '. :: .',. ';' - . /i .' _.
'j::: ~.~~.. ElU~~lTrust shall .ba .diatribi..l ~el,l to zuch dcceaz~d :.,
, ;
.stel)grand~h!lJ · s issue. upon t:lic pr inciplo of rer-ro-
':.. 0.: ," . '. ..' .
. /
Dentation. If such deceased "-l;b~p grandchild lCi\,!,cC ,.' '...
,
,
t.~...no i6pue then living, such 'runt Ellall go. tOnUgIacnt ,.
J
I::~' ~a_Rt.her ,!;Opllrate 'l'~~st9/thcn halc:l for benofit of
,
,.... ,.n.nd .R.l;'ev~OqSlY ~istribU76~ to, Ule ~iblill'J~. of! such.
..dccC!a~c,l stop granuchiLd, if (U1Y, or .their issue ui?o~
',.~.,:' ........ ' ,../.,
~ .the principle of repr~sontatio:t, Any ildciltion ~o ~
~... . - .... . . .. .'}
, :.-
,
'.
'.
. '
"
I".~t~pll~ ui8tl'l~lltld Tru3t nhal1 ~ugr.1cn't:.,prop'ortioll-~,.
'1. atoly. ~pc distdb4-tcd cnd the lllldi5tribut~d parts of
.4.." ... . . ..-,;' .' .f"
~. . .,~cl~..:~~UlJt, If. fhor.? are. no sibl.in9s or ~tssue of sib-
, .
. ).1n90 of. such d6cf;lafJed Eitep 9r.ln'lchilcl, the. Truct. fo~. '.
l1~. '-;1 ,;...,. ~ .1. .... .' .., '.. .
.... . su~J:1 .do.cc,ased /stap grand,child ~.;h..lll .t.:.onninatt-i .a~d J;l~
j . .# -. .' .,..... ., .'
l
~.. disU'ibuted ~13 provided undcr the fi.n<ll Ccctio~ of .
,I'... . . . I ".
I
:""1 ^.r.t.t?~eIV ,bf this 'l'ruct. A,-3'rcct!.I.mt no if tho parent of
I
r..' sucb. d.cceased st.ep grandchild \1110 "lCIS a step chil..! of
..1. '\":. ..' ,~.. ..' .
H
th~ 'fruo~or,. wns thon dcccu:lcU leav~Il<J no i.saue Clurvi-.
: y,1ng f.. . l~
l~" ..' .' It, ~
,..,' ...",..
.. --
. I .....: -; :';l',.'" t'...
t'.
,. 0:- - ..'....' :O!I i. ::. '..
..1.'
. i.'..
,f...
. t.. l .. . ~ .1'. . r,
1. i "'.' ":.. . .' ,.
. ..', ;:
. ,
30
.. '! ~',.: ~ r .
~) ':. ~..' . .:.
",' ,
.... .'.~' ~ J
'.'j"';..!9-'" . ..'
i..r "
~.. I ..~ i . .,.' .
I. ::
"
.:' - .,:, ' 1,:~\H";) \~II"''''':~ J'7..::::~~~~~~~"",,,_,,,,;,:.:~~+<;;;:.'.,~"',:,::-
. ....., . , . ...... " . . .~~ Cc,,,~,,,,,,,._""'.fI',,,,,n""'<'t't~.'f'l": .
_~~..,. '#~~";,,,.:"""~1\-~"""~'. .
of. ... .
~...: ';:~..... t i " . . :. .... :.
~.to e/lrolh~<l in -'n Accredited un.l,\'oraity or collcJc, 0': /
I
I
, ,
in n r~co~ni~~d nnctcDtnbllGhe~ trude or vocational
.'
acho'ol; car.rying a reasonable n'Jl,.hcr. of unit:;: ,makityJ
; '/'
re{\(lollnble acada:nlc progress tOi'ard a rElcognlzed de-
.... .' . ~ I' .:.'... ", ,:..
.' I.;...... . .
9roo ~r toward obtaining " rcco:Jllizcd ilfld unefu,l trClde
/
", .
"j
.I
.' ..,' .
or \'o'c~ tlon.
The judg1llent of the TrUl3tC(l in,.all Gl1ch
matters shnll be bin::l:t:1':; nnd conclusive on,'~ll pm:f,oo!J
Intercnted hereunder. ,/ ", ' "
/
. ., 8.04
If the 'l'rustor and the ,':r.'ruztor' s
spouso dio under such clrcwr.stullcCS :that there ,1s.- '
,..
, ,
not suffich::lIt evidence as to the ,one \dl(l survived
the other, it ohilll be cOIlclllSh.-t:,ly p.l:'csll.i::cd that
the TruGtor surviveu the spouac: <Ind thfl Trust Es-
a.. .1, "'. ..
, ,8.05
auminlsto.l:'cd Sl'Cco nlilvJ ly,.
, ' (
('
In,the e~cnt the Trustee shall rc-
tate shall bo
ceive,~ny property un~cil: ally 0f the prmrir.:f,ons of
tile Laat Will ~nd ~cstrumcnt of Trustor's spouse, or
j
if the Trustee shn,li. r.eceive tiny procc~~Uf.i from life
. t.. :~":' ,.
insurance pOliclo's in~;uring 'l'nwtor' 6 life ",hieh
, ,.
- - .!" J
,were o,,;neJ by f_~rustor' (J SpoUse or any other person,
,i
Q.~ -!f, the Truntec sh611 receive other proper.ty or':
..~'" .. f.!
esscto: of a/type not, cpcciflc<:llly dcccribc.:1 in tho
:.: , .
fore':Joing l;rovJ.c:ions of this !:~,"'ct!on "nd \olhicho'ara
not includable us a part of Trustor'9 groGs taxable
"t ,'.
. ~ ,"
estate, ,the 'rrunteo ahall not U6e ,any part of the
,I
property so received for any 01: the purposes set
forth ..,1.u 'SecHoll 2 ~ Olaf r,rticlc II of thhJ Trust
~ .
Agroemont, noT. Bhal1 the Trust-eo Use ,lilY (;uch propor-
ty in any other lilanncr for thu bonef it of ~'ruflt~or I (}
eBtat~, and thu DaIUe shall be ildued to the principal
- 32 -