respective nominee, or to take and keep the same
       unregistered, or to retain them, or any part thereof,
       in such condition that they will pass by delivery.
 
          VI. To compromise and adjust any claims of       
whatsoever nature which may be made against, or in       
favor of, my estate, or the trust hereby created,       
upon such terms and in such manner as my Executors or      
 Trustees, as the ease may be, in their sole       
discretion, may deem advisable.
 
     Eleventh: In dividing my estate, or any portion
thereof, or the principal of the trust funds or any
accumulated net income, or any portion thereof, into parts
or shares, or in distributing the same, I authorize and
empower my Executors or Trustees, as the ease may be, in
their sole discretion, to make such division or
distribution in kind, or partly in kind and partly in
money, and for the purpose of such division or distribution
the judgment of my Executors or Trustees, as the case may
be, concerning the propriety thereof and the relative value
of properties allotted for such purpose, shall be binding
and conclusive upon all persons interested in my estate.
 
     Twelfth: I authorize and empower my Executors, in their
sole discretion, to borrow any moneys which they may deem
proper or convenient for the payment of any cash legacies
and/or any taxes which, under Article Second of this Will,
my Executors are directed to pay, and to secure such loans
by the mortgage, pledge or hypothecation of any property in
my residuary estate; and no person making any such loan to
my Executors shall be bound to inquire into the expediency
or propriety thereof, and the judgment of my Executors as
to
the necessity or propriety of any such loan shall be final
and conclusive upon all persons interested in my estate.
 
     Thirteenth: The Trustees are authorized and empowered
in their uncontrolled discretion to purchase or receive any
bonds, notes, shares of stock, or other securities for the
trust funds at a premium or at a price in excess of the
call or redemption price or the amount payable at maturity
or on liquidation, as the case may be, and in any such ease
the Trustee shall not use any part of the income thereof to
amortize
 
FDR
 
 
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