over the principal, together with all accumulations of net
income thereon, absolutely to such person; or the Trustees
may, if they so elect, pay such principal or income, or
both, to a parent or any legally appointed guardian of the
property of such minor entitled to the same, and upon
making such payment the Trustees may obtain from such
parent or guardian receipts for such principal or income,
or both, as the case may be, and the Trustees shall
thereupon be relieved from all responsibility in regard to
such principal and income and shall not be accountable for
the application that the parent or guardian may make
thereof. The foregoing authority shall be construed as a
power only and shall not operate to suspend the absolute
ownership of such property by such minor or to prevent the
absolute vesting thereof in him or her.
 
     Ninth: The provisions herein contained for the benefit
of my wife, Anna Eleanor Roosevelt, are and shall be in
lieu of dower and of all other right, title and interest of
any
kind whatsoever in and to my estate.
 
     Tenth: I authorize and empower my Executors and
Trustees as follows:
 
   I. To sell at public or private sale or sales and 
      to lease, mortgage or exchange all or any part of my 
      estate, wheresoever situate, at such times and upon   
      such terms and conditions as they, in their sole      
      discretion, may deem advisable, and to execute and      
      deliver proper conveyances and transfers thereof.
 
   II.At the risk of my estate and without      
     responsibility to my Executors, to retain and in their     
     sole discretion to turn over to my Trustees in the      
     erection of the trust herein created, any property,      
     stocks, bonds or other investments in which at the      
     time of my death all or any portion of my estate shall     
     be invested.
 
 III. At the risk of the trust funds and without
      responsibility to my Trustees, to retain all or any   
      part of the property, stocks, bonds or other         
      investments in which, at the time of my death, any       
      portion of my estate shall be invested and which shall  
      be turned over by my Executors to my Trustees in the   
      erection of the trust herein created, although not of   
      the character author-
 
FDR
 
 
(MORE)