AG 2000 09 18 - Laserfiche WebLink

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T~T -AGltE~ T~IS-AG~s~MENT, made the ~' 'day of ~'~Y ~ ~ 195& a~ exe~t~ in o~a~ ~ ~sti~ ~er ~e laws of the S~e of N~h O~li~, he~i~ter c~l~ ~e 6~r, a~ WACHO~ ~ A~ T~ OO~A~, a co~oraticn a~ e~s~ ~er ~e la~ of ~e S~te of No~h C~li~, herei~ter ~ ~e T~tee, ~T~H ~T Property En~rusted.--The Grantor, in consideration of one dollar paid to the Grantor by the Trustee, receipt of ~hich is hereby acknowledged, has delivered 1;o the Trustee the properties itemized on the sheet attached, marked A and made a part of this agreement, ~hich~. together with other properties that may hereafter be brought within the opera,on of this agreement, shall be held by the Trustee or its successor in trust for the purposes hereinafter set forth. Trusteets Powers.--The Trustee sh. ll receive, hold, ~,--ge, convert, sell, exeb-nge, assign~ alter, invest~ reinvest and otherwise deal with the above described properties as it in its discretion sh,11 deem to be for the best interests of the Grantor; By way of illustration but not of ~tation of the Trustee's powers, the Grantor hereby authorizes the Trusteel 1. To receive ell rents, issues, income, profits A,,~I properties of every nature due the trust estate and to hold or make distribution thereof in accordance with the terms., of this agreement; 2. To retain the properties now or hereafter received b~"~t or to dispose of them as and when it shall deem adviseble by public or priv~te sale or exchange or otherwise, for cash or upon credit or partly for cash and partly upon credit and upon 'such terms and cc~t~tions as it shall deem proper; 3- To participate in a~ plan of liquidation, reorgamiza~ion, consolidation, merger or other financial adJus~nent of any corporation er business in Rich the trust estate is or shall be financially interested and to exchange any property held in the trust estate for property issued ,]rater. ar~ such plan; ~. To pay such charges and expenses as it may deem expedient or desirable for the protection of a~ propeA-ty' belonging to the trust estate; 5. To determine what receipts of cash or other property ~ba~l be credited to principal amd what to income and what expenses or other payments shall be charged against principal and what against income, and all such determinations shall be final ~ conclusive u~on ,11 persons interested in the t~ust estate; ." 6. To invest or reinvest tbs funds belonging to the trust e~tate in such common or preferred stocks, bonds or other securities or real or perec~"1 properties as shall from time to time be approved by the Trust Investment Committee or other stmtlar Committee of the Trustee, specifically including investment in the Common Trust Fund of Waehovia Bank amd Trust Oompa~, and to hold ~n~ inves~memt belong~-E to the trust estate in bearer foe or to register and hold any such investments in the name of its duly authorized ~tuee; 7. To borrow for the benefit of the trust estate for such periods of time and upon such terms and conditions as to it shall seem proper an~ sum or stms of money -~ to secure such loans by mortgage ~ pledge cf ax~ prcpezt~ belonging to the tr~st estate; 8. To compromise, arbitrate or otherwise adjust or settle claims in favor of or against the trust estate; · 9. T~ me~s improvements upon ar~ leeds held in the trust estate, and to make and unite with other persons in ~.~ug partition of any such lands; 10.' To execute such deeds, leases, oontreets, bills of sale, notes, proxies and other i~st~ments in writing as the Trustee shall deem desirable or requisite in the px~oper e~mt~tstration of the trust estate.