Text Version


connection with the administration of the trust, shall pay
the net income in quarterly instalments and in equal shares
to such issue per stirpes; provided, however, that as to
each of such issue who is under the age of twenty-one (21)
years, the Trustees shall apply his or her portion of the
net income of the trust fund, or such part thereof as the
Trustees, in their sole discretion, may deem proper, for
the support, maintenance and education of such minor,
accumulating the balance, if any, until such minor shall
attain the age of twenty-one (21) years, and thereupon the
Trustees shall pay to such person the accumulations of
income. Upon the death of such person who shall have been
the youngest of such issue as aforesaid and who shall have
been living at the time of my death, the trust for such
issue 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 such issue, in equal shares, per stirpes.
 
     If the share for the benefit of the issue collectively
of a deceased child of mine shall have been set apart, as
hereinabove provided, upon the death of my said wife after
my death, and if none of the issue then living of such
deceased child shall have been living at the time of my
death, then no trust of such share shall be created and the
Trustees shall assign, convey, transfer, pay over and
distribute such share to such issue, in equal shares, per
stirpes.
 
     (E) If, at the termination of any of the trusts herein
in this Article Eighth created, or at the time any payments
shall be made under Paragraph (D) of this Article Eighth,
any portion of the principal of such trust fund or any
portion of a share for the benefit of the issue
collectively of a deceased child of mine, as the case may
be, shall be payable to a minor, the Trustees are empowered
to continue to hold such portion of the principal or share
so payable in trust during the minority of such person and
in such event shall manage, invest and reinvest the same
and apply so much of the net income thereof as in their
absolute judgment and discretion they may deem necessary
for the maintenance, support and education of such minor,
and shall accumulate the unexpended balance thereof until
such minor attains the age of twenty-one (21) years, when
the Trustees shall convey, assign, transfer and pay
 
FDR
 
 
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