Common use of Powers of Trustees Clause in Contracts

Powers of Trustees. Subject to those policies of the Fund as may be adopted and be in effect from time to time, the Trustees shall invest and reinvest, to the extent they deem proper, the Fund's assets, together with any increment thereto, or income derived therefrom, in securities of whatsoever nature and by whomsoever issued and to the extent that the Fund's assets are not so invested the Trustees may invest the same in the following, all of which are collectively referred to as "short-term investments:" (i) obligations issued or guaranteed by the United States government, its agencies or instrumentalities; (ii) certificates of deposit, bankers' acceptances, and other short-term debt obligations of United States and Canadian banks and their foreign branches; (iii) commercial paper; and (iv) other short-term debt securities all of which shall in any event mature not later than twelve months from their respective dates of issue. Except as herein above or hereafter specified in this Paragraph 4, the Trustees shall not in any respect be limited in their powers of investment, such investments to be made in their sole discretion irrespective of any statute, court decision, rule or regulation now or hereafter in effect restricting the class of investment or reinvestments for trustees generally. Without limiting the generality of the foregoing in any manner the Trustees are expressly authorized and empowered, in their absolute discretion.: (a) to retain in cash and keep unproductive of income such portion of the Fund's assets as they may deem advisable: (b) to sell, exchange, convey, transfer, or dispose of, and also to loan or grant options with respect to, any property or cash at any time held by them, and to make any sale or other disposition by contract, by public auction or otherwise, for cash, property or upon credit, or partly for cash or property and partly upon credit, as they may deem best, and no person dealing with the Trustees shall be bound to see to the application of the proceeds thereof or to inquire into the validity, expediency, or propriety of any such sale or disposition; (c) to compromise, compound, and settle any debt, claim or obligation due to or from them as Trustees hereunder and to reduce or change the rate of interest thereon, to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such debt, claim or obligation; (d) to vote themselves, or by proxy, any securities with voting rights held by them; to exercise any options appurtenant to any other securities for the conversion thereof into other securities, or to exercise or sell any rights or warrants to subscribe for additional securities, and to make any and all necessary payments therefor; to join in or to dissent from and to support or oppose the reorganization, recapitalization, consolidation, liquidation, sale or merger of corporations, or other entities or properties in which they may be interested as Trustees, and to accept and hold any such securities which may be issued in connection therewith, all upon such terms and conditions as they may deem advisable; (e) to make, execute, acknowledge, and deliver any and all necessary papers, documents, agreements and instruments for the implementation of the powers herein enumerated; (f) to enforce any right, obligation or claim and in general to protect in any way the interests of the Fund, either before or after default, and where they shall consider such action for the best interests of the Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which at any time may be held by them or in which they may have an interest; (g) to borrow or raise money for the purposes of the Fund, upon such terms and conditions as the Trustees may deem desirable or proper, and for any sum so borrowed, to issue their promissory notes as Trustees and to secure the repayment thereof by pledging all or any part of the Fund's assets; and no person lending money to the Trustees shall be bound to see to the application of the money lent or to inquire into the validity, expediency, or propriety of any such borrowing; (h) to receive, purchase, hold, apportion, sell, distribute, and otherwise acquire and dispose of securities, cash and other assets; (i) to collect, receive, invest, apportion, and distribute, any and all income of the Fund; (j) to cause any securities or other assets from time to time held by them to be registered in, or transferred into, the name of the Fund or into their names as Trustees, or the name of their nominee or nominees, or to retain them unregistered or in form permitting transfer by delivery, but the books and records of the Trustees shall at all times show that all such securities or other assets are part of the Fund; and (k) to do all such acts, take all such proceedings, and exercise all such rights and privileges, although not hereinbefore specifically mentioned, with relation to the assets of the Fund as if they were the absolute owners thereof, which they may deem necessary or proper for the best interests of the Fund.

Powers of Trustees. Subject to those policies of the Fund as may be adopted and be in effect from time to time, the Trustees shall invest and reinvest, to the extent they deem proper, the Fund's assets, together with any increment thereto, or income derived therefrom, in securities of whatsoever nature and by whomsoever issued and to the extent that the Fund's assets are not so invested the Trustees may invest the same in the following, all of which are collectively referred to as "short-term investments:" (i) obligations issued or guaranteed by the United States government, its agencies or instrumentalities; (ii) certificates of deposit, bankers' acceptances, and other short-term debt obligations of United States and Canadian banks and their foreign branches; (iii) commercial paper; and (iv) other short-term debt securities all of which shall in any event mature not later than twelve months from their respective dates of issueissued. Except as herein above or hereafter otherwise specified in this Paragraph 4, the Trustees shall not in any respect be limited in their powers of investment, such investments to be made in their sole discretion irrespective of any statute, court decision, rule or regulation now or hereafter in effect restricting the class of investment or reinvestments for trustees generally. Without limiting the generality of the foregoing in any manner manner, the Trustees are expressly authorized and empowered, in their absolute discretion.: (a) to retain in cash and keep unproductive of income such portion of the Fund's assets as they may deem advisable:; (b) to sell, exchange, convey, transfer, or dispose of, and also to loan or grant options with respect to, any property or cash at any time held by them, and to make any sale or other disposition by contract, by public auction or otherwise, for cash, property or upon credit, or partly for cash or property and partly upon credit, as they may deem best, and no person dealing with the Trustees shall be bound to see to the application of the proceeds thereof or to inquire into the validity, expediency, expediency or propriety of any such sale or disposition; (c) to compromise, compound, and settle any debt, claim or obligation due to or from them as Trustees hereunder and to reduce or change the rate of interest thereon, to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such debt, claim or obligation; (d) to vote themselves, or by proxy, any securities with voting rights held by them; to exercise any options appurtenant to any other securities for the conversion thereof into other securities, or to exercise or sell any rights or warrants to subscribe for additional securities, and to make any and all necessary payments therefor; to join in or to dissent from and to support or oppose the reorganization, recapitalization, consolidation, liquidation, sale or merger of corporations, or other entities or properties in which they may be interested as Trustees, and to accept and hold any such securities which may be issued in connection therewith, all upon such terms and conditions as they may deem advisable; (e) to make, execute, acknowledge, and deliver any and all necessary papers, documents, agreements and instruments for the implementation of the powers herein enumerated; (f) to enforce any right, obligation or claim and in general to protect in any way the interests of the Fund, either before or after default, and where they shall consider such action for the best interests of the Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which at any time may be held by them or in which they may have an interest; (g) to borrow or raise money for the purposes of the Fund, upon such terms and conditions as the Trustees may deem desirable or proper, and for any sum so borrowed, to issue their promissory notes as Trustees and to secure the repayment thereof by pledging all or any part of the Fund's assets; and no person lending money to the Trustees shall be bound to see to the application of the money lent or to inquire into the validity, expediency, or propriety of any such borrowing; (h) to receive, purchase, hold, apportion, sell, distribute, and otherwise acquire and dispose of securities, cash and other assets; (i) to collect, receive, invest, apportion, and distribute, any and all income of the Fund; (j) to cause any securities or other assets from time to time held by them to be registered in, or transferred into, the name of the Fund or into their names as Trustees, or the name of their nominee or nominees, or to retain them unregistered or in form permitting transfer by delivery, but the books and records of the Trustees shall at all times show that all such securities or other assets are part of the Fund; and (k) to do all such acts, take all such proceedings, and exercise all such rights and privileges, although not hereinbefore specifically mentioned, with relation to the assets of the Fund as if they were the absolute owners thereof, which they may deem necessary or proper for the best interests of the Fund. Any document necessary or appropriate to effectuate or implement any act or agreement of the Trustees or any such Trustee or committee of Trustees may be executed by any Trustee and when so executed such document shall constitute a valid, binding and enforceable act or agreement of the Trustees and the Fund. Without further inquiry as to the authority of a Trustee to bind the Fund, persons or entities may rely upon the execution of any document by any Trustee as constituting the valid, binding and enforceable act or agreement of the Trustees and the Fund.

Powers of Trustees. Subject to those policies In the administration of any property, real or personal, at any time forming a part of the Fund as may be adopted trust estate, including accumulated income, and be in effect from time to timethe administration of any trust created hereunder, the Trustees shall invest and reinvest, to the extent they deem proper, the Fund's assets, together with any increment thereto, or income derived therefromTrustees, in securities addition to and without limitation of whatsoever nature and the powers provided by whomsoever issued and law, shall have the following powers to the extent that the Fund's assets are not so invested the Trustees may invest the same be exercised in the followingabsolute discretion of the Trustees, all of which are collectively referred to except as "short-term investments:" (i) obligations issued or guaranteed by the United States government, its agencies or instrumentalities; (ii) certificates of deposit, bankers' acceptances, and other short-term debt obligations of United States and Canadian banks and their foreign branches; (iii) commercial paper; and (iv) other short-term debt securities all of which shall in any event mature not later than twelve months from their respective dates of issue. Except as herein above or hereafter specified otherwise expressly provided in this Paragraph 4, the Trustees shall not in any respect be limited in their powers of investment, such investments to be made in their sole discretion irrespective of any statute, court decision, rule or regulation now or hereafter in effect restricting the class of investment or reinvestments for trustees generally. Without limiting the generality of the foregoing in any manner the Trustees are expressly authorized and empowered, in their absolute discretion.Agreement: (a) to To retain in cash and keep unproductive of income such portion property for any period, whether or not the same is of the Fund's assets as they character permissible for investments by fiduciaries under any applicable law, and without regard to the effect any such retention may deem advisable:have upon the diversity of investments. (b) to To sell, transfer, exchange, convey, transfer, convert or otherwise dispose of, and also to loan or grant options with respect to, any property such property, at public, or cash private sale, with or without security, in such manner, at any time held by themsuch times, for such prices, and to make any sale or other disposition by contract, by public auction or otherwise, for cash, property or upon credit, or partly for cash or property and partly upon credit, as they may deem best, and no person dealing with the Trustees shall be bound to see to the application of the proceeds thereof or to inquire into the validity, expediency, or propriety of any such sale or disposition; (c) to compromise, compound, and settle any debt, claim or obligation due to or from them as Trustees hereunder and to reduce or change the rate of interest thereon, to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such debt, claim or obligation; (d) to vote themselves, or by proxy, any securities with voting rights held by them; to exercise any options appurtenant to any other securities for the conversion thereof into other securities, or to exercise or sell any rights or warrants to subscribe for additional securities, and to make any and all necessary payments therefor; to join in or to dissent from and to support or oppose the reorganization, recapitalization, consolidation, liquidation, sale or merger of corporations, or other entities or properties in which they may be interested as Trustees, and to accept and hold any such securities which may be issued in connection therewith, all upon such terms and conditions as they may deem advisable; (e) to make, execute, acknowledge, and deliver any and all necessary papers, documents, agreements and instruments for the implementation of the powers herein enumerated; (f) to enforce any right, obligation or claim and in general to protect in any way the interests of the Fund, either before or after default, and where they shall consider such action for the best interests of the Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which at any time may be held by them or in which they may have an interest; (g) to borrow or raise money for the purposes of the Fund, upon such terms and conditions as the Trustees may deem desirable advisable. (c) To invest and reinvest in common or properpreferred stocks, securities, investment trusts, bonds and other property, real or personal, foreign or domestic, including any undivided interest in any one or more common trust funds, whether or not such investments be of the character permissible for investments by fiduciaries under any applicable law, and for without regard to the effect any sum so borrowedsuch investment may have upon the diversity of investments. (d) To render liquid the trust estate or any trust created hereunder in whole or in part, at any time and from time to issue their promissory notes as Trustees time, and to secure the repayment thereof by pledging all hold unproductive property, cash or any part readily marketable securities of the Fund's assets; and little or no person lending money to yield for such period as the Trustees shall be bound to see to may deem advisable. (e) To lease any such property beyond the application period fixed by statute for leases made by fiduciaries and beyond the duration of the money lent any trust created hereunder. (f) To join or become a party to, or to inquire into oppose, any reorganization, readjustment, recapitalization, foreclosure, merger, voting trust, dissolution, consolidation or exchange, and to deposit any securities with any committee, depository or trustee, and to pay any fees, expenses and assessments incurred in connection therewith, and to charge the validitysame to principal, expediencyand to exercise conversion, subscription or other rights, and to make any necessary payments in connection therewith, or propriety of to sell any such borrowing;privileges. (g) To vote in person at meetings of stock or security holders and adjournments thereof, and to vote by general or limited proxy with respect to any stock or securities. (h) To hold stock and securities in the name of a nominee without indicating the trust character of such holding, or unregistered or in such form as will pass by delivery, or to receive, purchase, hold, apportion, sell, distribute, use a central depository and otherwise acquire and dispose to permit registration in the name of securities, cash and other assets;a nominee. (i) To initiate or defend, at the expense of the trust estate, any litigation relating to collect, receive, invest, apportionthis Agreement or any property of the trust estate which the Trustees consider advisable, and distributeto pay, compromise, compound, adjust, submit to arbitration, sell or release any and all income claims or demands of the Fund; (j) to cause trust estate or any securities trust created hereunder against others or other assets from time to time held by them to be registered in, or transferred into, of others against the name of the Fund or into their names same as Trustees, or the name of their nominee or nominees, or to retain them unregistered or in form permitting transfer by delivery, but the books and records of the Trustees shall at all times show that all such securities or other assets are part may deem advisable, including the acceptance of the Fund; and (k) to do all such actsdeeds of real property in satisfaction of notes, take all such proceedingsbonds and mortgages, and exercise all such rights and privileges, although not hereinbefore specifically mentioned, with relation to make any payments in connection therewith which the assets of the Fund as if they were the absolute owners thereof, which they Trustees may deem necessary or proper for the best interests of the Fundadvisable.

Powers of Trustees. Subject 6.1 In addition to those policies any powers granted under applicable law or otherwise, and not in limitation of the Fund as such powers, but subject to any rights and powers which may be adopted and be reserved expressly by the Grantor in effect from time to timethis Agreement, the Trustees Trustee and any Successor Trustee validly acting hereunder (each a "trustee") shall invest and reinvest, to the extent they deem proper, the Fund's assets, together with any increment thereto, or income derived therefrom, in securities of whatsoever nature and by whomsoever issued and to the extent that the Fund's assets are not so invested the Trustees may invest the same in the following, all of which are collectively referred to as "short-term investmentshave full power:" (i) obligations issued to hold and retain any and all property, real, personal, or guaranteed mixed, received from any other source for such time as the trustee shall deem fit, and to dispose of such property by the United States governmentsale, its agencies exchange, assignment, lease, licence or instrumentalities; otherwise, as and when they shall deem fit; (ii) certificates of deposit, bankers' acceptances, and other short-term debt obligations of United States and Canadian banks and their foreign branches; The clause has been deleted from this section for the sample review. (iii) commercial paper; to lease, licence, rent and (iv) other short-term debt securities manage any or all of which shall in any event mature not later than twelve months from their respective dates of issue. Except as herein above the assets, real or hereafter specified in this Paragraph 4personal, the Trustees shall not in any respect be limited in their powers of investment, such investments to be made in their sole discretion irrespective of any statute, court decision, rule or regulation now or hereafter in effect restricting the class of investment or reinvestments for trustees generally. Without limiting the generality of the foregoing in any manner the Trustees are expressly authorized and empowered, in their absolute discretion.: (a) to retain in cash and keep unproductive of income such portion of the Fund's assets as they may deem advisable: (b) to sell, exchange, convey, transfer, or dispose of, and also to loan or grant options with respect to, any property or cash at any time held by them, and to make any sale or other disposition by contract, by public auction or otherwise, for cash, property or upon credit, or partly for cash or property and partly upon credit, as they may deem best, and no person dealing with the Trustees shall be bound to see to the application of the proceeds thereof or to inquire into the validity, expediency, or propriety of any such sale or disposition; (c) to compromise, compound, and settle any debt, claim or obligation due to or from them as Trustees hereunder and to reduce or change the rate of interest thereon, to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such debt, claim or obligation; (d) to vote themselves, or by proxy, any securities with voting rights held by them; to exercise any options appurtenant to any other securities for the conversion thereof into other securities, or to exercise or sell any rights or warrants to subscribe for additional securities, and to make any and all necessary payments therefor; to join in or to dissent from and to support or oppose the reorganization, recapitalization, consolidation, liquidation, sale or merger of corporations, or other entities or properties in which they may be interested as Trustees, and to accept and hold any such securities which may be issued in connection therewith, all upon such terms and conditions as they may deem advisable; (e) to make, execute, acknowledge, and deliver any and all necessary papers, documents, agreements and instruments for the implementation of the powers herein enumerated; (f) to enforce any right, obligation or claim and in general to protect in any way the interests of the Fund, either before or after default, and where they shall consider such action for the best interests of the Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which at any time may be held by them or in which they may have an interest; (g) to borrow or raise money for the purposes of the FundTrust Estate, upon such terms and conditions as the Trustees trustee in his/her absolute discretion deems fit; and for that purpose to make, execute, acknowledge and deliver any and all instruments, deeds and assignments in such form and with such warranties and covenants as the trustee may deem desirable or properfit; and to make repairs, replacements, and improvements, structural and otherwise, to any property, and to charge the expense thereof in an equitable manner to the principal or income of the Trust Estate, as the trustee deem fit; (iv) to borrow money for any sum purpose in connection with the Trust, and to execute promissory notes or other obligations for amounts so borrowed, to issue their promissory notes as Trustees and to secure the repayment thereof payment of any such amounts by pledging mortgage or pledge on any real or personal property, and to renew or extend the time of payment of any obligation, secured or unsecured, payable to or by any trust created hereby, for such periods of time as the trustee may deem fit; (v) The clause has been deleted from this section for the sample review. (vi) The clause has been deleted from this section for the sample review. (vii) to compromise, adjust, arbitrate, sue, institute, defend, abandon, settle or otherwise deal with proceedings of any kind on behalf of or against the Trust or the Trust Estate as the trustee shall in his/her sole and absolute discretion deem fit; (viii) to determine in a fair and reasonable manner whether any part of the Trust Estate, or any addition or increment thereto be income or principal, or whether any cost, charge, expense, tax, or assessment shall be charged against income or principal, or partially against income and partially against principal; (x) The clause has been deleted from this section for the sample review. (xi) to consent to the reorganization, consolidation, merger, liquidation, readjustment of, or other change in any corporation, company, or association and to execute such documents and do all such acts and things as may reasonably be required to effect same; (xii) to engage in business with the Trust Estate property as sole proprietor, or as a general or limited partner, with all the powers customarily exercised by an individual so engaged in business, and to hold an undivided interest in any property as tenant in common or as tenant in partnership, to the extent permitted by law; and to enter into such agreements and contracts as the trustee may deem necessary to regulate such businesses; (xiii) The clause has been deleted from this section for the sample review. (xiv) The clause has been deleted from this section for the sample review. (xv) to act through an agent or attorney-in-fact, by and under a power of attorney duly executed by the trustee to the extent permitted by law, in carrying out any of the authorized powers and duties; and (xvi) The clause has been deleted from this section for the sample review. 6.2 The clause has been deleted from this section for the sample review. 6.3 Notwithstanding anything contained herein to the contrary, no powers enumerated or accorded to trustees generally pursuant to law shall be construed to enable the Grantor, or the Trustee or either of them, or any other person, to sell, purchase, exchange, or otherwise deal with or dispose of all or any part of the Fund's assets; and no person lending money to the Trustees shall be bound to see to the application of the money lent corpus or to inquire into the validity, expediency, or propriety of any such borrowing; (h) to receive, purchase, hold, apportion, sell, distribute, and otherwise acquire and dispose of securities, cash and other assets; (i) to collect, receive, invest, apportion, and distribute, any and all income of the Fund; (j) to cause any securities trusts for less than an adequate consideration in money or other assets from time to time held by them to be registered in, or transferred into, the name of the Fund or into their names as Trustees, or the name of their nominee or nomineesmoneys worth, or to retain them unregistered enable the Grantor to borrow all or in form permitting transfer by delivery, but the books and records of the Trustees shall at all times show that all such securities or other assets are any part of the Fund; and (k) to do all such acts, take all such proceedings, and exercise all such rights and privileges, although not hereinbefore specifically mentioned, with relation to the assets corpus or income of the Fund as if they were the absolute owners thereoftrusts, which they may deem necessary directly or proper for the best interests of the Fundindirectly, without adequate interest or security.

Powers of Trustees. Subject 6.1 In addition to those policies any powers granted under applicable law or otherwise, and not in limitation of the Fund as such powers, but subject to any rights and powers which may be adopted and be reserved expressly by the Grantor in effect from time to timethis Agreement, the Trustees Trustee and any Successor Trustee validly acting hereunder (each a"trustee") shall invest and reinvest, to the extent they deem proper, the Fund's assets, together with any increment thereto, or income derived therefrom, in securities of whatsoever nature and by whomsoever issued and to the extent that the Fund's assets are not so invested the Trustees may invest the same in the following, all of which are collectively referred to as "short-term investments:" have full power: (i) obligations issued to hold and manage any and all property, real, personal, or guaranteed mixed, received from any Beneficiary and also other sources for such time as the trustee shall deem fit, and to mantain of such property by the United States governmentsale, its agencies exchange, assignment, lease, licence or instrumentalitiesotherwise, as and when they shall deem fit; (ii) certificates of deposit, bankers' acceptances, and other short-term debt obligations of United States and Canadian banks and their foreign branches; The clause (iii) commercial paper; to lease, licence, rent and (iv) other short-term debt securities manage any or all of which shall in any event mature not later than twelve months from their respective dates of issue. Except as herein above the assets, real or hereafter specified in this Paragraph 4personal, the Trustees shall not in any respect be limited in their powers of investment, such investments to be made in their sole discretion irrespective of any statute, court decision, rule or regulation now or hereafter in effect restricting the class of investment or reinvestments for trustees generally. Without limiting the generality of the foregoing in any manner the Trustees are expressly authorized and empowered, in their absolute discretion.: (a) to retain in cash and keep unproductive of income such portion of the Fund's assets as they may deem advisable: (b) to sell, exchange, convey, transfer, or dispose of, and also to loan or grant options with respect to, any property or cash at any time held by them, and to make any sale or other disposition by contract, by public auction or otherwise, for cash, property or upon credit, or partly for cash or property and partly upon credit, as they may deem best, and no person dealing with the Trustees shall be bound to see to the application of the proceeds thereof or to inquire into the validity, expediency, or propriety of any such sale or disposition; (c) to compromise, compound, and settle any debt, claim or obligation due to or from them as Trustees hereunder and to reduce or change the rate of interest thereon, to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such debt, claim or obligation; (d) to vote themselves, or by proxy, any securities with voting rights held by them; to exercise any options appurtenant to any other securities for the conversion thereof into other securities, or to exercise or sell any rights or warrants to subscribe for additional securities, and to make any and all necessary payments therefor; to join in or to dissent from and to support or oppose the reorganization, recapitalization, consolidation, liquidation, sale or merger of corporations, or other entities or properties in which they may be interested as Trustees, and to accept and hold any such securities which may be issued in connection therewith, all upon such terms and conditions as they may deem advisable; (e) to make, execute, acknowledge, and deliver any and all necessary papers, documents, agreements and instruments for the implementation of the powers herein enumerated; (f) to enforce any right, obligation or claim and in general to protect in any way the interests of the Fund, either before or after default, and where they shall consider such action for the best interests of the Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which at any time may be held by them or in which they may have an interest; (g) to borrow or raise money for the purposes of the FundTrust Estate, upon such terms and conditions as the Trustees trustee in his/her absolute discretion deems fit; and for that purpose to make, execute, acknowledge and deliver any and all instruments, deeds and assignments in such form and with such warranties and covenants as the trustee may deem desirable or properfit; and to make repairs, replacements, and improvements, structural and otherwise, to any property, and to charge the expense thereof in an equitable manner to the principal or income of the Trust Estate, as the trustee deem fit; (iv) to borrow money for any sum purpose in connection with the Trust, and to execute promissory notes or other obligations for amounts so borrowed, to issue their promissory notes as Trustees and to secure the repayment thereof by pledging all or any part of the Fund's assets; and no person lending money to the Trustees shall be bound to see to the application of the money lent or to inquire into the validity, expediency, or propriety payment of any such borrowing; (h) to receive, purchase, hold, apportion, sell, distributeamounts by mortgages/stock/funds or pledge on any real or personal property, and otherwise acquire and dispose to renew or extend the time of securitiespayment of any obligation, cash and other assets; (i) secured or unsecured, payable to collector by any trust created hereby, receive, invest, apportion, and distribute, any and all income for such periods of time as the Fund; (j) to cause any securities or other assets from time to time held by them to be registered in, or transferred into, the name of the Fund or into their names as Trustees, or the name of their nominee or nominees, or to retain them unregistered or in form permitting transfer by delivery, but the books and records of the Trustees shall at all times show that all such securities or other assets are part of the Fund; and (k) to do all such acts, take all such proceedings, and exercise all such rights and privileges, although not hereinbefore specifically mentioned, with relation to the assets of the Fund as if they were the absolute owners thereof, which they trustee may deem necessary or proper fit; (v) The clause has been deleted from this section for the best interests of the Fundsample review.