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Home My WebLink About05-17-85 STATEMENT OF PROPOSED DISTRIBUTION BY DONNA M. HOWELL, ADMINIS- TRATRIX D.B.N.C.T.A. UNDER THE LAST WILL AND TESTAMENT OF PAUL W. SNYDER, LATE OF THE BOROUGH OF CARLISLE, CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED. DONNA M. HOWELL, Administratrix d.b.n.c.t.a. of the Last Will and Testament of Paul W. Snyder, deceased, proposes to distribute the balance in her hands, to wit: $521.045.85, in accordance with the said Last Will and Testament as heretofore filed in the Office of the Register of wills of Cumberland County, Pennsylvania, as follows: 1. TO: DONNA M. HOWELL, per ITEM FIVE (b) of the Last Will and Testament: A. IN KIND: ALL THAT CERTAIN unit in the property known and named as "Cambridge Condominium," located in the Borough of Carlisle, Cumberland County, Pennsylvania, being designated as Unit No. B-4, and being further described in that certain deed recorded in the office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Deed Book "S", Volume 30, Page 557. $ 66,745.20 B. IN KIND: ALL THOSE CERTAIN three tracts of land situate in the Fifth Ward of the Borough of Carlisle, Cumberland County, Pennsylvania, being a part of the property known as "K" Street Motors, and being more fully described in the office of the Recorder of Deeds in and for cumberland County, pennsylvania, in Deed Book" ", Volume page 40,165.00 C. IN KIND: Securities as listed hereinafter: 1. 51 shares, common, AMERICAN MOTORS, at 3.3125 per share 168.94 2. 10 shares, common, AMERITECH, at 83.3125 per share 833.13 3. 100 shares, common, AT&T, at 20.65625 per share 2,065.63 Li3~R 109 P:'CE 247 LAW OFFICES - MARTSDN. DEARDORFF. WILLIAMS & OTTO -1- 4. 10 shares, common, BELL ATLANTIC, at 83.28125 per share $ 832.81 5. 30 shares, common, BELL SOUTH, at 35.50 per share 1,065.00 6. 1,600 shares, common, CARLISLE CORPORATION, at 34.6875 per share 55,500.00 7. 524 shares, common, DAUPHIN DEPOSIT CORPORATION, at 35.25 per share 18,471.00 8. 105 shares, common, FARMERS TRUST COMPANY, at 45.25 per share 4,751.25 9. 200 shares, JOVANOVICH, per share common, HARCOURT, BRACE, INC., at 50.9375 10,187.50 10. 300 shares, common, IBM, at 125.90625 per share 37,771.88 11. 200 shares, common, KROGERS, at 40.0625 per share 8,012.50 12. 10 shares, common, NYNEX, at 79.78125 per share 797.81 13. 10 shares, common, PACIFIC TELESIS, at 69.375 per share 693.75 14. 500 shares, Depositary Preference Shares, PP&L, at 25.6875 per share 12,843.75 15. 486 shares, common, RYDER SYSTEMS at 25.15625 per share 12,225.94 16. 10 shares, common, SOUTHWESTERN BELL at 73.625 per share 736.25 17. 110 shares, 4-1/2% Cum. Pfd. Stock, Series A, UNITED TELEPHONE COMPANY at 27.00 per share 2,970.00 18. 10 shares, common, US WEST at 74.125 per share 741.25 19. One share, common, CUMBERLAND VALLEY COOPERATIVE ASSOCIATION at lO.OO per share USH: 109 P~CE 248 10.00 LAW OFFICES - MARTSON. DEARDORFF. WII~I~IAMS & OTTO -2- 20. 33 shares, preferred, CUMBERLAND VALLEY COOPERATIVE ASSOCIATION at 10.00 per share $ 330.00 21. State of Ohio Floating Rate Collaterialized Air Quality Development Revenue Bond, dated 08/24/84 15,000.00 22. Six (6) County of Cumberland General Obligation Notes, $5,000.00 face, Series of 1982, 8-1/2%, dated June 1, 1982; due June 1, 1985 30,000.00 23. Two (2) Hospital Authority of Philadelphia 8% Hospital Revenue Bonds, $5,000.00 face, Series of 1983, dated 03/15/83, due 08/01/93 10,000.00 24. Two (2) Riverside Beaver County School District 10-1/4% General Obligation Bonds, $5,000.00 face, Series E of 1981, dated 07/16/81, due 02/01/93 10,000.00 D. IN KIND: United States Treasury Note, Dauphin Deposit Bank and Trust Company 75,000.00 E. Personal Loans, as follows: 1. Mark E. Howell 2. James P. Howell 3. Richard K. Howell $ 3,700.00 33,000.00 44,225.51 80,925.51 F. Cash 22,201. 75 TOTAL DISTRIBUTION: $521,045.85 WHEREFORE, the said DONNA M. HOWELL, Administratrix d.b.n.c.t.a. as aforesaid, respectfully proposes to distribute the net balance of said Estate as stated above. ~~ 77J~ Donna M. Howell L!3ER 109 PACE 249 LAW Ol"~I"'ICES - MARTSON. DEARDORFF. WILLIAMS & OTTO -3- " " ~. v .' '-J ~;:: , : :.; : <:: ~ : (~ "': ',.. , A ......";... ....r I COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF CUMBERLAND ) DONNA M. HOWELL, being duly sworn according to law, deposes and says that she is the Administratrix d.b.n.c.t.a. of the Last Will and Testament of Paul W. Snyder, Deceased; that the facts set forth in the foregoing Statement of Proposed Distribution are true and correct to the best of her knowledge, information and belief. ~/LA~~ Donna M. Howel / Sworn to and subscribed before me this J~~ day of May, 1985. LJ.~lh~ d. c;)~L->tf '~n..ta:t;:y.Public \ \ -c:~ .l:.4..-y"t" , ~ \l t't) AI -." WILLIAM l. EARP. NOTARY PUBLIC ~, '(-:;\'. ':::1:ARLlSLE BORO. CUMllERLAND COUNTY ,;. ~ / -.i;!r.9'ttOMMISSION EXPIRES SEPT. 26. 1988 " I :: (hiiiber. Pennsylvania Association 01 Notaries ...:=..: ...... :;:l~' "', ...;:. \'" ...... ::.:1 1/ "S .r\.' 'i.' .~. "- II. ,\ ,,,...""' " ,.., . .' " . " ~.~" .~ ,~.~ I., i .,..,,\....' um 109 PAGE 250 LAW' OFFICES - MARTSON. DEARDORFF, "W'II~I.IAMS & OTTO . . .. ,. '.- lAST VILl. AIm nSTAMENT I, PAUL V. SNYDEIl, of the .oroua" of Car1l11e, CuIIlberl- County, Pennsylvanb, beln& of Bound and dllpodn& .111d and .-elDOr)', do ..1l.e, publhb and declare tbll to be .y Last V111 and Testament, hereby revok1n& all VilIs or Codicils by De at any time ..de. ITEl't ONE PAYMENT OF TAXES I direct tbat all inheritance and estate taxes becoming clue by reason of my deatb, wbether sucb taxes may be payable by my estate or by any recipient of any property. shall be paid by my Executrix out of tbe property passillg into ITEM FIVE. tbe Residuary Trust. of tbis Will. as an expense and cost of administration of my estate. My Executrix sball have no cluty Dr obligation to obtain reimbursement for any such tax paid by her, even though on proceeds of insurance or other property not passing under this Will. In the absolute discre- tion of my Executrix. sbe may pay such taxes immediately or she 1IIllY postpone the payment of taxes on future or remainder interests until the time possession thereof accrues to the beneficiaries. ITEM 1'\110 DISTRIBUTION OF PERSONAL EFFECTS If I predecease my wife, HARlE .1. SIn'DER, I give and bequeath to her, absolutely, all of my household furniture and furnishings. books, pictures. jewelry. silverware, auto- mobiles. wearing apparel and all other articles of household or personal use or adornment. If 1 clo not predecease my ~~fe. I make said bequest to my daughter. DONr~ H. HOYELL. if sbe is living at the time of my cleath. ....... ....ICIl. "IUoIA_ F. .....u,DN. p.c.. ~~f~ ..I #;~ aul W. Snyder -1- EXHIBIT "A" , ' " ITEM 'l'HUE DlSTIlIlUTlOJl OF ESTATE I ,lve, deviu and bequeatb unto., TRUSTEE, ., entire eat ate .bereafter called tbe Truat Zatate aa followa: If I predeceaae gy wife, MARIE M. SNYDER, tbe Trult Eltate ahall be divided into twO (2) aeparate trultl to be de.isnated aa the ''Marital Trult" and tbe "aeaiduary Trult". The Trultee ahall tranlfer to the Marital Truat alleta Df the Trult Eltate aelected by it baving a value which, when added to the "al_ of all intereata in property paning to my wife, MARIE M. SNYDER, either by my Will Dr apart from my Will, in a sanner qualified for the marital deduction under tbe provisions of tbe United States Internal Ilevenue Code in effect at the time of my death, will equal the lesser of: (1) the maximum marital deduction allowable to my estate under tbe provisions of the said Code; or (2) the minimum amount (if any, and if there is no such minimum alllOunt, then (1) shall be deemed the lesser of (1) and (2)) which, after taking into account all credits and deductions (except the marital deduction) available to gy estate under the provisions of the aaid Code, will result in no federal estate tax due from my estate. The Trustee shall satisfy the foregoing division by transferring to tbe Marital Trust only casb or other assets which are capable of qualifying for said marital deduction. The Trustee sball determine all values of assets for the purposes of this Section in accordance with the federal estate tax values finally determined in my estate except that assets transferred to the Marital Trust in satis- faction of the alllOunt called for shall be valued at the date of transfer to tbe Marital Trust. In no event sball the assets transferred to the Marital Trust be liable for tbe payment of ...... ._lCCa "IL.UUI ,.. ....,..1>>". P.~ ~e:.--L. w dr; ~A-- au W. Snyder -2- .. .. .. . , .. .. . - lftherltan~e. a.tate or other alailar t.... of the United 'tat.. of ADerlc., or of an, atate or territory thereof, or of an, foreip CO\llltry or territoX}', IlllPo.ed aaainlt 111 a.tate, or the redpbntl ther.of, whetber pa..ina 'by .,. Will or otbervlu. Th. a..iduary Tru.t ,ball be comprl,ed of the remainlna ....t. of tb. Trust Estat., or tbe entire Tru.t E.tate, if my vife do.s not aurviv. .. ITEM FOUR HARITAL TRUST Th. Tru.t.e .hall pay tbe n.t income from the Marital Trust to my vlfe, HARlE H. SNYDER, at l.ast quarter-annuall" or upon request, uonthly, and Ihall pay to my vife, HARlE H. SNYDER, luch sums from the principal of the Harit.l Trust .s will permit her to maintain a standard of living comparable to that enjoyed by her during my lifetime, including medical care. Upon the death of 'Illy wife, HARlE H. SllYDER, the Trustee Ihall pay the principal to such person or persons, including her estate, in such proportions, in luch IIlBnner and for luch estates as she shall appoint by ber Last Will and Testament. In default of luch appointment, eitber in wbole or in part, the Trustee shall payout of tbe unappointed principal of the Harital Trust any increase in tbe federal estate tax on tbe estate of 'Illy wife. MARIE M. SllYDER, resulting from ber posses- sion of the power of appointment over the principal of the Harital Trust and shall add the balance of the Marital Trust to the Residuary Trust. ITEM FIVE RESIDUARY TRUST My Trustee Ihall set aside all other .ssets payable at my death, or at any other time, as the Residuary Trust, and ~WD"~' my Trustee shall hold said assets for the following purposes: .~ F. ..,.....ow...c.. p~ Q\t"y~r 27D&- -3- . . '. .. .. # ". (.) ~o ,., the Mt II'lCOM, .t b.at 'Idrter..""ldl1,. to ~ vlfe, 1Wtt! M. INYDEJl, for her Ufe, 111 e4c1ition, the Trultee, II'l itl aole diacretion, .., .t .1'11 tt.e .fter the principal of tbe Madnl TrUlt hu been exbaulUc1, il'lvade the principal of the leliduat'J Trult to provide for tbe proper al'ld adequate aupport of ~ vife. (b) Upon tbe death of lIlY vife, MAlliE M. snYDEll, ~ Trultee aball dbtribute tbe principal of tbe lleliduat'J Trult to lIlY daugbter, DOI~A M. HOWELL, absolutely. (c) In tbe event tbat Illy daugbter, IlONNA M. HOWELL, aball fan to survive Illy wife, tben tbe principal of the Residuary Trust sball be beld by lIlY Trustee and tbe net income tberefr~ sball be used for the support, maintenance and education of my grandsons, JAMES 1'. HOWELL, MARK E. HOWELL and RICHARD It. HOWELL. My Trustee, sball use as mucb of tbe principal as it sball deem desirable for said purposes. My Trustee sball distribute absolutely the principal of tbe Residuary Trust in equal sbares to lIlY grandsons, JAMES P. HO\o.'ELL, MARX E. H01.'ELL and RICHARD It. HOWELL. My Trustee shall use as much of the principal as it shall deem desirable for said purposes. My Trustee shall distribute absolutely tbe principal of the Ilesiduary Trust in equal shares to my grandsons, JAMES P. HOWELL, HARK E. H01.'ELL and RICHARD K. H01.'ELL upon the youngest grandson attaining the age of thirty-five (35) years. (d) In the event that any said grandson shall die before final distribution, then his share shall be held for the benefit of his issue and shall be distributed equally to his issue upon the youngest attaining tbe age of thirty-five (35) years, but in 110 event shall said share be distributed to said issue later than twenty (20) years after the death of ..._ ePFE&a WIl,UaM r~ ....'ll'h0ll. p..c. fJ~-[ <<-' Paul W. Snyder ..l>n~ ~.'f_ / -4- .. , . , , .. . . '. ., vUe. ~1E II, INYDD, 1" tbe event that 81lJ aai' ,ra,,'a. ahall dle ~efore flnal 'latrl~utlon witbout laaue, tben bla ebare aball be added equal 1, to tbe ebarea of the otber ,rand- aons al If orlelnal17 a part thereof. ITEM SIX POWERS OF EXEClTl'RIX AND TIlUSTEE In addltlon to the powers conferred by case 1_. by atatutl and by other provlalonl bereof. Illy Executrix and Illy Trultee, and thelr auceessors. aball have the followinB discretlonary powen applicable to all property held by them whlch powen aball be effective witbout Order of any court and sball exist until final distribution. (a) To retain any property of any nature recelved by tbe~ for whatever period tbey sball deem advisable; (b) To invest and reinvest all or any part of said properl 1oA_ _nICE-. ......... F. ....nMMl.. p.c. in sucb stocks, bonds, securities or other property, real or personal, as in their discretion they shall dee~ proper, withol regard to statutes limiting the property which a fiduciary may purchase, provided, however, that no investment shall be made in the securities issued by regulated invest~ent companies or mutual funds; (c) To sell, transfer, exchange or otherwise dispose of, any part of sBid property, for cash or on terms, publicly or privately, or to lease, even for a term exceeding five (5) years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give options for tbese purchases without the obligation to repudiate them in favor of a higher offer; (d) To execute and deliver any deeds, leases, assignments or other instruments as may be necessary to carry out the provisions of any trust hereunder; p 0-<-/; w A77 e L.:., Paul W. Snyder -5- , .. .. . . . '. (e) ~o know ~ey. lllcl.dilll tbe ~labt to know --, from allY bank and to ~rtlale or pledle any asset of tbe estate a. securlty; (f) To a.sume continuance of the atetu. of any beneficlal) with recard to death, marrlase, divorce, l11nel', incapacity and tbe Uke ln tbe abunu of lnfor1DAtion de.-d reUable without liability for diabursementa sade on aucb a.sumption; (C) To pay from tbe llel1duary Trull, or tbe income there- from, all debts or claims against my e.tate, or any taxes or similar charses on my estate; (h) To make any di.tribution bereunder either in kind or in money, or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in its absolute discreti may cause the share distributed to any distributee to be composed of property similar to or different from that distri- buted to any other distributee; (i) To exercise any subscription right in connection witl any security held hereunder, to consent to or participate in any recapitalization, reorganization, consolidation or merger of any corporation, company or association, the securities of which may be held hereunder, to delegate authority with respel thereto, to deposit investments under agreements, to pay assessments, and generally to exercise all rights of investor: (j) To invest in endowment, insurance or annuity policie on the lives of beneficiaries of any trust hereunder; (1<.) To continue in any partnership, joint venture, joint ownership or other business enterprise of which 1 am a part at the time of my death; (1) To compromise claims; ...._....lCJ:. ........ r. ....n.ON. ...c:. P ~t: ,) ---5'7'" (.e 'L Paul W. Snyder -6- .. ... , . . ... .. ~ . , (.) 1'0 ccmtlftUl for w'haUftr pedod of tlM .. th., .ball d.em Deee...r, .n, owner.hip .. . ten.ftt 1ft coaaon or .. · p.rtn.r, ln re.l ..tate or ~th.r prop.rt, and to act .. 1 could h.v. don. had 1 be.n livlnt; (n) To do all otb.r .et. ln th.ir judament n.e....ry or d..ir.bl. for tb. prop.r ..n.t.ment, lnve.tment and dl.tributiOD of ., E.tate. ITEM SEVEN PROTEC1'IVE PROVISION All income or princlp.l h.ld for tbe us. and beneflt of the beneficiaries of any trust bereunder shall not be in any way or manner subject to anticipation, assignment, pledge, lal. or transfer, nor Ihall any luch interelt, while in the poslessic of ~ Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary, or to attachments, executions or sequestrations under process of la~. If any beneficiary of either Trust shall, in the sole opinion of ~ Trustee, be or become mentally or physically incapacitated, by reason of illness, accident, minority or otherwise, ~ Trustee may apply either income or principal for the support and welfare of such beneficiary directly or to the person who has the care and control of such beneficiary, withou' the intervention of any guardian and without obligation to supervise application of said amounts in any way. ITEM EIGHT COMMON DISASTER PRESUMPTION If any beneficiary (except my wife, HARlE M. SNYDER) and 1 shall die under circumstances that it cannot be determined who survived the other, it shall be conclusively presumed that I survived. However, if ~ wife, MARIE M. SNYDER,. and I shall La'" orna:s. '....... F. .......... p.c:.. die under such circumstances that it cannot be determined who ~f .J Pau . Snyder ~ ~ -7- , .. .. .. . '~ . .urvlved the other, it .hall ~ conclualv.l, ,r.auDed ~t ., vU., ~lE II. IRY~~, .untved -, ITEM lllRE APPOINTHENT OF EXECtmllX AND TJlUSTEE 1 hereby appoint fIl1 vUe, IlARlE H. SNYPEIl. al Executrb of fIl1 ..taU. In the event that fIl1 aald vife ahaU predecea.. _ or fail to act a. Executrix, then I appoint ~ daughter, DONNA II. BOWELL. as Executrix of my e.tate, 1 hereby appoint DONNA II. BOWELL al Trustee of any trult created hereunder. In the event that DONNA H. HOWELL .hall fail to act as Trultee, then I appoint DAUPHIN DEPOSIT BANK AND TRUST COMPAJ~ as Trustee of any trust cre.ted hereunder. ITEM TEN WAIVER OF IlOND I direct tbat neither my Executrix nor my Trustee shall b required to file any bond in any jurisdiction to secure tbe faitbful performance of tbeir duties, nor sball tbey be require to obtain any Order or approval of any court for tbe exercise of any power or discretion set forth in this Will. IN WITNESS WHEREOF I bave bereunto set my band and seal tbis 8tb day of June , 1978. p~_ ~.4/ Paul W. Sny er c !.;-z.-(SEAl SIGNED, SEALED, PUBLISHED and DECLARED by the above-Demel Testator, as and for bis Last Will and Testament in tbe presence of us, who at his request have hereunto'subscribed our names as witnesses tbereto, in tbe presence of said Testa' and of eacb otber. Jnj;n_ ~~ ('AJl.N~ ..Y '?1t.yw ...w~. "Il'1lLUMI F. ....,..... p.c. -8- . , . . . . .' . t. ClQlI4l)lNEA1.'I'B OF KdltnLVARlA is couam or QMlDLAND . . . . ) I. I'I.VL v. IIftDP '1..tator . 1Ibo.. ... i. elp.d ~o ~he atUched or fOTalolq l.D.t~t. _YiD& \)een 'uly .uaUUe4 accodiD& to av. do heTa~ ac:lcDDvl.q. that I, elII'd and ...cut.. the iD.tnaDeDt .. ., 1.aat fill: tbat 1 elp.' it villlD&ly: ana tbat I alp" it a. ., free an' YOlunta7:J act for t1ae purpo." tberelU expr...e4. P 6M-/ ~...$:% ..u~ SWOrD or affinK' to aDd acbowl.dsed \)ef · - \)y Paul V, Snyder . tbe 'featator . thla 8tb da, of June . 1918, ~~~J M>>l't UA ..... .-, ..... COMMONWEALTH OF PENNSYLVANIA ).r-'-. ~ CD.. .... s~ ~ ...... .... WI, "12 coU'.1TY OF CUlmERaND ' . , , ) Ve, William F. Martson and CorriDe L. Myerl tbe vitnealel Whoae namea are aitne' to the attacbe' or foregoing inltrUlllent, being 'uly qualified accord1n& to law, '0 'epoae an' aay that we were preaent and aaw Paul W. Sny'er , 'featator . aign and axecute the :l.natrument al hb Lalt Will; that Paul W. Snyder signed vilUngly and that Paul W. Snyder executed it al his free and voluntary act for tbe pln'Poaea therein exprelBed; that .aeh of 118 in the hearing and sight of Paul W. Snyder , Teatator . .ipe' die Will .. vitneuu; and that to tbe beat of our bowl.dle th. 'featator waa at tbat ti1llt 18 or more year. ~Of age of .ound mind and under no conatraint or m:;~~. ~A'~lueD e J..- ~I._ I ~ Addre8B 10 Eaat Hbh Street Carliale. PA 17013 (lLlA J.,;" , ;;e "Jzyn~ Ad're8B R. D. 9 Carliale, FA 17013 SWOrD or affirmed to and .ubacribed before lIIe, by William F. Hartson and Corrine L. Myers 8tb day of June . 1918, thte ~)~~ ~-i AWtv UA SHl'Noc. -.,. ..- c.u.LtIc. c;....a..- Co. PA Mr ~ Ioq>Ioa ,. 27, 1112 ....w~. 4'-.&.IUI "."AllftON. p.c.. ...... '. .' ACCOUNT STATED IN LIEU OF FIRST AND FINAL ACCOUNT OF DONNA M. HOWELL, ADMINISTRATRIX D.B,N,C.T.A, UNDER THE LAST WILL AND TESTAMENT OF PAUL W. SNYDER, DECEASED, LATE OF THE BOROUGH OF CARLISLE, CUMBERLAND COUNTY, PENNSYLVANIA. ACCOUNT STATED AS OF MAY 15, 1985 DONNA M, HOWELL, Administratrix d,b,n.c.t,a. as aforesaid and Accountant herein, avers as follows: DATE OF DECEDENT'S DEATH DATE LETTERS TESTAMENTARY ISSUED DATE LETTERS OF ADMINISTRATION D.B.N.C,T.A. ISSUED: LETTERS TESTAMENTARY WERE ADVERTISED AS FOLLOWS: Cumberland Law Journal: The Evening Sentinel July 14, 21, 28, 1978 July 10, 17, 24, 1978 Inheritances Taxes have been paid, as follows: June 24, 1978 June 28, 1978 April 15, 198~ 1. Internal Revenue Service: Payment in the amount of $111,059.55 was made March 23, 1979, 2, Commonwealth of Pennsylvania: Payment in the amount of $25,576,07 was made with final payment on September 18, 1979, PERSONALTY--PRINCIPAL ACCOUNT DEBITS The Accountant charges herself with receipt of the decedent's goods and chattels, as follows: (Securities valued as of 04/04/85 to 04/08/85) 1. 51 shares, common, AMERICAN MOTORS at 3.3125 per share 2. 10 shares, common, AMERITECH at 83.3125 per share 3. 100 shares, common, AT&T at 20.65625 per share 4. 10 shares, common, BELL ATLANTIC at 83.28125 per share 5. 30 shares, common, BELL SOUTH, at 35.50 per share 6. 1,600 shares, common, CARLISLE CORPORATION at 34,6875 per share 7. 524 shares, common, DAUPHIN DEPOSIT CORPORATION at 35,25 per share LAW Ol....FICES - MARTSON. DEARDORFF. WILLIAMS & O'T'I'O U3::r 109 P;'CE 239 -1- $ 168.94 833.13 2,065,63 832,81 1,065,00 55,500.00 18,471.00 8. 105 shares, common, FARMERS TRUST COMPANY at 45.25 per share 9, 200 shares, common, HARCOURT, BRACE, JOVANOVICH, INC, at 50.9375 per share 10. 300 shares, common, IBM at 125.90625 per share 11. 200 shares, common, KROGERS at 40,0625 per share 12. 10 shares, common, NYNEX at 79,78125 per share 13, 10 shares, common, PACIFIC TELESIS at 69,375 per share 14, 500 shares, Depositary Preference shares, PP&L, at 25,6875 15. 486 shares, common, RYDER SYSTEMS at 25,15625 per share 16, 10 shares, common, SOUTHWESTERN BELL at 73,625 per share 17, 110 shares, 4-1/2% Cum. Pfd, Stock, Series A, UNITED TELEPHONE COMPANY at 27,00 per share 18, 10 shares, common, U.S. WEST at 74,125 per share 19, One share, common, CUMBERLAND VALLEY COOPERATIVE ASSOCIATION at 10.00 per share 20. 33 shares, preferred, CUMBERLAND VALLEY COOPERATIVE ASSOCIATION at 10,00 per share 21, State of Ohio Floating Rate Collateralized Air Quality Development Revenue Bond, dated 08/24/84 22. Six (6) County of Cumberland General Obligation Notes, $5,000,00 face, Series of 1982, 8-1/2%, dated June 1, 1982; due June 1, 1985 23, Two (2) Hospital Authority of Philadelphia 8% Hospital Revenue Bonds, $5,000.00 face, Series of 1983, dated 3/15/83, due 8/1193 ll~:;:: -1 U'. 9 p\rc 240 -l- ' r--.."" L LAW OFFIVES - MARTSON. DEARDORFF. WILLIAMS &: OTTO -2- $ 4,751.25 10,187.50 37,771. 88 8,012.50 797.81 693.75 12,843,75 12,225,94 736.25 2,970.00 741.25 10.00 330,00 15,000.00 30,000.00 10,000,00 .' 24, Two (2) Riverside Beaver County School District 10-1/4% General Obligation Bonds, $5,000.00 face, Series E of 1981, dated 07/16/81, due 02/01/93 $ 10,000,00 25, united States Treasury Note, Dauphin Deposit Bank and Trust Company 75,000.00 26, Account No, 17-000970, Carlisle Building and Loan Association, registered in name of Marie M, Snyder, Executrix under will of Paul W. Snyder; balance as of April 5, 1985 20,300,00 Accrued Interest 526.25 27, Checking Account No, 80-5ll70-8, Dauphin Deposit Bank and Trust Company, registered in name of Estate of Paul W, Snyder Balance as of April 8, 1985 20,218,29 28. Mark E, Howell: Personal loan 04/08/85 Balance 04/30/85 Payment on principal 05/15/85 Balance $3,800,00 100,00 3,700,00 29. James P. 04/08/85 04/25/85 05/15/85 Howell: Balance Payment Balance Personal loan $34,000.00 on Principal 1,000,00 33,000,00 30, Richard K, Howell: 04/08/85 Balance 04/30/85 Payment on 05/15/85 Balance Personal loan $44,702,00 Principal 476,49 44,225.51 TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, DEBITS: $432,978,44 PERSONALTY--PRINCIPAL ACCOUNT CREDITS The Accountant claims credit for the payment of the following items from personalty principal: 04/15/85 Internal Revenue Service: 1984 Fiduciary Income Tax, Form 1041 $ 9,494,53 04/15/85 pennsylvania Department of Revenue: 1984 Fiduciary Income Tax, Form PA-41 1,362,75 The Accountant reserves the following sums to be paid subsequent to the filing hereof: II ,,_. , '\ ~. '-\. .v~1 i 1. Martson, Deardorff, Williams & Otto: Account Payable, professional services, 04/12/83 to 04/11/84 ... 09 [:.1"'- 241 LAW OFFICES - MARTSON. DEARDORFF, WILLIAMS & OTTO ..t. I ~VL 758.50 -3- 2. Martson, Deardorff, Williams & Otto: Account Payable, preparation of 1984 Fiduciary Income Tax Returns, Federal and State 3. Reserve Account for payment of 1985 Fiduciary Income Taxes, Internal Revenue Service and Commonwealth of Pennsylvania 4, Reserve Account for payment of legal fees 5. Reserve Account for payment of filing fees, closing and miscellaneous costs TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, CREDITS: PERSONALTY--INCOME ACCOUNT DEBITS The Accountant charges herself with receipt of the following items of income from personalty: 04/25/85 Interest income, personal loan, James P. Howell $ 04/30/85 Interest income, personal loan, Mark E. Howell 04/30/85 Interest income, personal loan, Richard Howell 04/30/85 Interest income, Dauphin Deposit Bank and Trust Co, 05/08/85 Dividend Income: (1) AT&T (2) Bell Atlantic (3 ) Southern Bell (4) NYNEX (5) Bell South (6) Ameritech (7) Pacific Telesis (8) U,S, West 05/08/85 Interest income, State of Ohio Revenue Bon<fl TOTAL, PERSONALTY, INCOME ACCOUNT, DEBITS: PERSONALTY--INCOME ACCOUNT CREDITS The Accountant claims credit for the payment of the following items from personalty income: TOTAL, PERSONALTY, INCOME ACCOUNT, CREDITS: L::a i09 P~GE 242 LAW OFFICES - MARTSON. DEARDORFF. W'IT.J..IAMS & OTTO -4- .' $ 350.00 4,000.00 3,000.00 2,000.00 $ 20,965.78 170,00 19.00 223.51 86.94 30.00 17 ,00 15,00 16.00 21. 00 16.50 14.30 14.30 625,05 $ 1,268.60 NONE NONE REAL ESTATE--PRINCIPAL ACCOUNT DEBITS The Accountant charges herself with receipt of the decedent's real estate, as follows: 1. ALL THAT CERTAIN unit in the property known and named as "Cambridge Condo- minium," located in the Borough of Carlisle, Cumberland County, pennsyl- vania, being designated as Unit No, B-4, and being further described in that certain deed recorded in the office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Deed Book "S", Volume 30, Page 557. Value as of 05/08/85 2. ALL THOSE CERTAIN three tracts of lrnd situate in the Fifth Ward of the Bo ough of Carlisle, cumberland County, Pen syl- vania, being a part of the property known as "K" Street Motors, as follows: Tract No, 1: ALL THAT CERTAIN trac1 of land situate in the Fifth Ward of t~e Borough of Carlisle, cumberland County, Pennsylvania, being more fully boun~ed and described as Tract No. 1 in the office of the Recorder of Deeds in and for cumberland County, pennsylvania, in Deed Book" ", Volume , page Containing 1 acre, 60 perches, more or less. Tract No.2: ALL THAT CERTAIN tract of land situate in the Fifth Ward of the Borough of Carlisle, Cumberland County, pennsylvania, being more fully bounded and described as Tract No, 2 in the office of the Recorder of Deeds in and for Cumberland County, pennsylvania, in Deed Book" ", Volume , page Containing 0.4 acres, more or less, Tract No.3: ALL THAT CERTAIN tract of land situate in the Fifth Ward of the Borough of Carlisle, Cumberland County, pennsylvania, and being further bounded and described as Tract No. 3 in the office of the Recorder of Deeds in and for cumberland County, pennsylvania, 'L''\CI' 109 P~GE 243 h..I..." LAW OFFICES - MARTSON. DEARDORFF, WILLIAMS & OTTO -5- .' $ 66,745.20 in Deed Book" ", Volume , page TOTAL VALUEJ ilK" STREET TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, DEBITS: REAL ESTATE--PRINCIPAL ACCOUNT CREDITS The Accountant claims credit for the payment of the following items from decedent's real estate, principal account: TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, CREDITS REAL ESTATE--INCOME ACCOUNT DEBITS The Accountant charges herself with receipt of the following items of real estate income: 04/30/85 05/14/85 Rental Income, "K" Street Rental Income, Cambridge Condominium (Shuman) Motors I I I TOTAL, I , REAL ESTATE, INCOME ACCOUNT, DEBITS: REAL ESTATE--INCOME ACCOUNT CREDITS The Accountant claims credit for payment of the i following from real estate income: I I i Street Motors !TOTAL, REAL ESTATE, INCOME ACCOUNT, CREDITS: 05/08/85 Carlisle Glass Service: "K" U3CR i09 PAGE 244 I ,I I LAW OFFICES - MARTSON. DEARDORFF, wII.r.IAMS & OTTO -6- " $ 40,165.00 $106,910.20 NONE NONE $ 400.00 625,00 $ 1,025,00 $ 170.61 $ 170.61 I. PERSONALTY RECAPITULATION A. PRINCIPAL ACCOUNT: Debits : Credits: Balance: $432,978,44 20,965.78 B, INCOME ACCOUNT: Debits : Credits: Balance $ 1,268,60 NONE $412,012,66 $ 1,268,60 C. NET BALANCE OF PERSONALTY: II. REAL ESTATE A, PRINCIPAL ACCOUNT: Debits : Credits: Balance: $106,910.20 NONE B. INCOME ACCOUNT: Debits: Credits: Balance: $ 1,025,00 170,61 $106,910.20 $ 854,39 C. NET BALANCE OF REAL ESTATE: III. NET BALANCE OF ESTATE FOR DISTRIBUTION: LiS::R 109 HoGE 245 LAW OFFICES - MARTSON. DEARDORFF. \Y'II~r~tAMS & OTTO -7- .' $413,281.26 $107,764.59 $521,045.85 COMMONWEALTH OF PENNSYLVANIA ss. COUNTY OF CUMBERLAND ) DONNA M, HOWELL, being duly sworn according to law, deposes and says: that she is the Executrix d.b.n,c.t.a. of the Estate of Paul W, Snyder, Deceased; that she is the Accountant herein; that the foregoing accounting is true and complete; that the attached list or schedule (*) contains the names, addresses and amounts due unpaid creditors having given notice of their claims; that the attached list or schedule (**) contains the names and addresses of all persons interested in the distribution of said estate; and that the facts set forth in the within account are true and correct to the best of her knowledge, information and belief. ,\\\""" . /".~ L.~ t,<?" .;: ,~ ~\\\'r' "AI ", ~ 'if. l ..I:./y, . :-~ 3;1g,~t,~~'t!lnd subscribed before : ~ <.; _.~t;ljl;L~:J;77+...b day of May, 1985, \\ ~~ 1(~~l'~C CA~~:~~::~~~:n """ "r.. f~ '!. .", ,."J/ MY COMMISSIO/l EXPIRES SEPT, 26. 1988 ..""""""" Member. Pennsylvania Association of Notaries * Unpaid Creditors: None ~~<:7 Jt/ ~/~ rJ'L/~ Donna M. Howell Executrix and Accountant ** Persons Interested in Distribution of Estate: 1. Donna M. Howell 608 Sherwood Drive Carlisle, PA 17013 L:~[;. 109 PAGE 246 J..AW OFFICES - MARTSON. DEARDORFF, WILLIAMS Be OTrO