The Trustees shall divide the remaining one half (1/2)
of the principal of the trust fund into as many equal
shares as there shall be children of mine then living and/or
children of mine who shall then be deceased leaving issue
then surviving, and shall set apart one share for the
benefit of each such child then living and one share for
the benefit of the issue collectively of each such deceased
child.
 
     The Trustees shall hold each such share set apart for
the benefit of each child of mine then living upon a
separate and independent trust, and shall manage, sell,
invest and reinvest the same and every part thereof and
collect, recover and receive the rents, issues, interest,
income and profits thereof (hereinafter called "income"),
and after deducting the commissions of the Trustees and the
proper and necessary expenses in connection with the
administration of the trust, shall pay the net income in
quarterly instalments to such child for and during the term
of such child's natural life.
 
     Upon the death of each such child for whom a separate
and independent trust has thus been established, the trust
in respect of his or her share shall terminate and the
Trustees shall assign, convey, transfer, pay over and
distribute the principal of such trust fund, together with
all accumulations of income, if any, to the then surviving
issue of such child, in equal shares per stirpes and not
per capita, and in default of such issue the Trustees shall
assign, convey, transfer, pay over and distribute the said
principal and accumulations of income, if any, as if the
same were my personal property and I were then to die
intestate and resident in the State of New York.
 
     The Trustees shall hold each such share set apart for
the benefit of the issue collectively of each such deceased
child of mine upon a separate and independent trust during
the lifetime of the person who shall be the youngest of the
issue for whom such share has been set apart and who shall
have been living at the time of my death, and shall manage,
sell, invest and reinvest the same and every part thereof
and collect, recover and receive the rents, issues,
interest, income and profits thereof (hereinafter called
"income"), and after deducting the commissions of the
Trustees and the proper and necessary expenses in
 
FDR
 
 
(MORE)