survive both my said wife and myself, then upon the death of my said wife, or upon my death if my said wife shall not have survived me, the Trustees shall set apart from the principal Of the trust fund such amount as they, in their sole discretion, shall deem necessary to carry out the provisions of this Paragraph and shall hold such principal upon a separate and independent trust and pay out the income and/or the principal thereof to or for the account of the said Marguerite A. Le Hand in the amounts and at the time or times and in the manner and for the purposes hereinabove in this Paragraph provided. Upon the death of the said Marguerite A. Le Hand, the Trustees shall assign, convey, transfer, pay over and distribute any principal then remaining in such trust fund, together with any income thereon, in equal shares to my children then living and the issue then living of any deceased children of mine, such issue to take per stirpes and not per capita. (C) If my said wife shall survive me, the Trustees shall permit her to use during her lifetime, without cost or obligation except as hereinafter provided, the parcels or tracts of land which I may own at the time of my death situate on Campobello Island, New Brunswick, Canada, with the buildings and improvements thereon; provided, however, that she shall notify the Trustees in writing within six (6) months after my death of her intention to use such property, and provided further that she shall, at her own expense, keep the property in good repair; pay all taxes and assessments levied against or with respect to such property after my death; pay all costs of maintenance of the property; and continue to pay the same during her lifetime. No bond or other security shall be required of my said wife with respect to such property or the use thereof by her. (D) Upon the death of my said wife, or if she shall not have survived me, then upon my death, the Trustees shall assign, convey, transfer, pay over and distribute one half (1/2) of the principal then remaining in the trust fund, together with all accumulations of income, if any, after making provision for the said Marguerite A. Le Hand as hereinabove in this Article Eighth provided, in equal shares to my children then living and the issue then living of any deceased children of mine, such issue to take per stirpes and not per capita. FDR (MORE) |