HomeMy WebLinkAbout1700 ESTATES TRUSTsh~80~ 1700 ~TAT~ ~T u~n ~e te~ here~n set
t~
~te ~n~Eactl ~d all k~ of ~lt~,
~l~, a~lr., ~rtq~e ~ c~vey real or ~onal
pro~rty ~d sue ~d ~ luid, all ~ ~mre~mf~er p~tt~l~17
imp~e. ~. develop. ~d othe~/~e ~al in real
- la
~y Registry of ~ ~lic~le to ~e real ~tmtm held
herm~der ·
g~eZll ~Zl, hive ~rl~ to ~ch~e ~
ot the ~t pzo~rty tn su~ ~e~ ~ ~ey
advis~le without ~9 leafed ~ to the
of ~Y lnvelt~nt~ to sell ~d ex~e ~ real
~=sonal 9~o~rty or ~y interest th~re~
-2-
for such consideration and upon such terms and conditions as they
may dee~ advisable! to Join with others in the acquisition
or develol~nt of real property or any interest thereinl
to borrow money and mortgage or pledge any pert of the Trust
assets and issue bonds, notes or other evidences of l~debtednessl
to lend money without or with security! to execute as Lessor or
as basses lea~es, including leases for te~ms expirin~ after the
expiration of the Trust! to hold any property or any interests in
property in the name of agents or nominees without disclosure of
the Trust! to develop any property purchased, and construct
buildings and other improvements! to pay. compromise or adjust
all obligations incurred and rights acquired in the administration
of the Trust! and to execute, acknowledge and deliver all s~ch
contracts, deeds, mortgages, leases, discharges and partial
releases of mortgages, or other instr~uents as they may deem
advisable in the course of the administration of the Trust. The
Trustees shall be entitled to obtain advice of counsel and to
rely thereon, and to appoint and employ such other persons, agents.
brokers, ~nagers, accountants, or advisors as they may deem
advisable, and ~ Trustee shell be held personally liable for
any act or omission of any co-trustee or of any person so employed
or retained. In the absence of actual fraud, no act or omission
of the Trust-.es or any of them and no contract or other transaction
-3-
tho Trust and any peroon0
t
of any
~ot~m My ~ dL~ly or l~ectly ~eremt~-
4. ~
T~a for t~ t~ ~ ~Y exercL~ all of t~ ~rs o~
T~eea ~re~r,
of ~r n~
a~t~le, lwl~ ~rs to mcuto, acMl~ or
~~s, ~
T~o ~ t~ Trust by a ~tten ~r~nt, r~r~ or
r~er~ ~ t~ reo~Lve R~L~ry o~ ~s a~lLc~le to
res~ctt~ r~l estate ~ld ~r~r, ~mAg~t~ o~ or
of t~ Trust.s as bL~ tho T~H or T~Hs ~ ~11
exerc~M all or any ~ of t~ ~Mral or o~c~al ~rs of t~
-4-
?fu~tee~ h~aun~r, e~d eu~_h_ instrument ~11 ~
~ll ~ ~red to ~ve ~. ~ Tru~ ~11 ~ l~le
ex~ for h~s ~ wilful b~each o~ t~ust. ~ l~n~ of ~u~
~11 ~ ~e~AsAte to vali~ty of may tra~ctLon entered
~ll be entitled to mxoMration a~ t~tficmtton against mil
~ ~rumt, ~ the trustees, mm such, are entitled to r~ble
c~n~t/on ~o~ their ~i~a. ~ ~r~n ~ any ~y~nt to
an~ Trustee o~ attoz~y, agent, or ~loymm o~ ~ Truet ~11
tam ~e~l~ro ~li ever b ~r~Mlly Xl~le ~reu~er
~Es o~ o~~. AIL ~E~ns ~L~ cr~Lt to,
~m~ra~ng with or ~vX~ any cla~ aga~ao~ ~
t~ ~2Mnt o~ any ~nt~a~, or cla~, or ~or t~
o~ an2 ~t, ~qe, ~ad~nt o~ ~c~ee, o~ ~o~ any ~My
that ~y othe~i~ ~c~ duo or ~y~le ~o t~ fr~ t~
Tru~ees, ~ t~t ~ither t~ T~oes ~r
present or future. ~II ~ ~=so~lly l/~lo thOrmfO=. If
-5-
any T~ustee oz shareholder ~hall at any time for any reason
or s~lder due to his acts la g~ faith, ~en ~ueh ~ee
of t~ ~ru~ estate ~9~ln~ all leas, costs. ~ or ex~n~
by ~a~n of ~ch l~lllty. ~~r.
In ~ ca~, ~or, all the ~e of qu~h
of ~lmhursmnt frs t~ Trv~ pro~rty.
~ l~tillly dlvi~d l~o fi~ ~~ (5~) ~res of
lea~ ?~ o~ the s~o t~n out~di~. Ce~XfLcateo for
s~eo shall ~ issued ~ ~e T~stees
in the certl~i~te tMrmf or his ittormy
-6-
said ~ros. g~ ~r~n by t~ ac~a~ of his or
os ~ch, ag ~ s~lder ~11 ~ entitled to any
of t~ ~ ~o~y Or to ta~ a~ a~ion ~ lev sE
l~klM to · ~ra~ or ~of~ of his title or l~orte
s~re aereu~r. ~ te~ 'shre~l~r' os u~ M~in ~11
~an a ~r~n ~o for t~ t~ him is t~ ~l~r of ~d
on t~ ~Xs of tb T~ of transfe~le s~res Mr~ crut~.
Any ~ee My ~t~ut ~oprlety ~ · ~~l~r
~K s~ll ~ ~ble o~ly ~n, as a~ ~r ~clar~ by
Any T~st~ ~~]r My ~siqn by wLtten inKmnt
sig~ and ac~l~ by ~ch ~ruKH I~ re~rded or
with t~ res~i'~ RegiK~ of ~s ~l~c~le to t~
real estate ~ld ~re~r. A~itlOM1 ?~s, or
t~ instant or ~st~n~s o~ a ~lf~te by any T~S~ee
ap~n~ ds ~ m~ and t~ ac~mn~ ~ the T~wtee oz
eo~ate held ~reunder, ~ ~ch a~in~n~ of a ~ucce~ng
t~ustoe s~ll ~ r~lr~ ~ Ion9 as t~re Lo at least
~c~i~ ~mt~, ~ title to t~ ~ru~ e~tate ~11 t~reu~n
~ wit~ut t~ ~$1t~ o~ an~ coav~~$ ~ ~$t~
a~itio~l or ~c~i~ ~ee ~olatlM with the
T~ee o~ T~l, if an~. Reforo~ ~rein to
~%1 M~ t~ T~mt~m for ~ t~ ~L~ a~ ~r~e~.
~l~rm ~rou p~l l~bilitY, ~ an instant or in~ntm
8. ~A. T~ot ~11 to--to u~ tM ~p~atlon
~=~r. a~ after
of ~s ~~ my ~ te~Mted at ~ t~ ~ an
a~ ~ Ml~rO of at 1~ 7~ of t~ sMres t~a outKand~,
~O~Lve ~Lstry of
~ e~ato Mid ~re~r~
s~J~ to t~ ~nt or
ob~t~on, a~ l~l~tiee of
~t ao~s of t~ T~st
~ to t~ ~~l~r. as feints La ~n ~rtioMtely
ac~rdA~ to t~lr x~ere~e~ or, e~th ~ witten ~nMnt of
d/vide &IX o~ any paz~c of th~ ~soets proportiordt~lY ~mon9
~n t~ T~o ~n m~ any tach d~v~s~on (1)
or a~l of ~ as~s and diorite t~ ~ ~~o
(2) at ~aLr val~Xons to dX~r~to ~Y ~ or
ao~ts ~n kL~ as ~ of the ~re of ~Y ~l~r
d~st~utX~ s~lar ~o~:ty to a~ ~r ~~l~r,
to t~ansfe~ any ~rt or all of ~id aoNts to ~y as~cLatXon,
~n exc~e t~reJor. Xn mkX~ any trusf~, co~nce o~
d~ut~on ~ant to t~ ~As~ons of ~h~e ~ragra~
t~ T~u~oes my m~ the ~ s~Je~ to any or alX
of t~ T~ or on ~At~ that t~ ~re~l~ro
a m~r mt~s~a~Y to the ?~s the ~lXgatXons
u~e~ this ~raqra~ 8 ~11 ~ conclusL~ ~n
~n~nt e~ted b~ any ~r~n a~rLn~ fr~ Ln~nts
W iffeJ~l of th~a Truot,
to four or~gLua~ oo~u~orlxLru.
/s/ Frederick E. ~heever
/s/ C._ 3,incoln Giles
/s/ Walter M. Kimball
~'~ ..
january 5 , ~gU
/s/ carol G. Donahue