ized by law for trust investments, and, in their sole discretion, to sell, dispose of, call in or change the property and investments comprising the trust funds or any part thereof, and to invest and reinvest the same and the proceeds of the sale thereof or any uninvested funds, in such stocks, bonds or other securities as my Trustees, in their sole discretion, may deem proper, and in making such investments and reinvestments my Trustees shall not be limited to securities of the character authorized by law for trust investments. No purchaser upon any sale by my Trustees shall be bound to see to the application of the purchase money arising therefrom or to inquire into the validity, expediency or propriety of any such sale. IV. To vote or consent in person or by proxy upon all stocks, bonds or other securities held by my Executors and/or Trustees; to exchange the securities of any entity for other securities issued by the same or by any other entity, at such times and upon such terms and conditions as they may deem proper; to deposit said securities with any protective or other representative committee; to consent to the reorganization, consolidation or merger of any entity, or to the sale or lease of its property, or any portion thereof, to any person or entity, or to the lease by any person or entity of his or its property, or any portion thereof, to such entity, and upon such reorganization, consolidation, merger, sale or lease, to exchange the securities held by them for the securities issued in connection therewith; to pay all assessments, subscriptions and other sums of money as they may deem expedient for the protection of their interests as holders of any stocks, bonds or other securities, and to exercise any option contained in any stocks, bonds or other securities for the conversion of the same into other securities, or to take advantage of any rights to subscribe for additional stock, bonds or other securities, and to make any and all necessary payments therefor, and generally to exercise in respect of all stocks, bonds or other investments or property held by them all rights, powers and privileges as are or may be lawfully exercised by any person owning similar property in his own right. V. In their sole discretion, to cause the securities which may from time to time comprise my estate, or any part thereof, or the trust funds hereby created, or any part thereof, to be registered in their names as Executors or Trustees hereunder, as the case may be, or in their own names, or in the name of their FDR (MORE) |