Common use of Trustee’s Powers Clause in Contracts

Trustee’s Powers. In the administration of the Trust, the Trustee shall have the following powers, which, subject to the restrictions contained elsewhere herein, may be exercised in the sole and absolute discretion of the Trustee without resort to any person or court for further authority and which shall be in addition to the powers conferred upon the Trustee by law or by other provisions of this instrument: 1. to invest and reinvest the principal and any accumulated interest of the Trust, if any, in only the following: (a) obligations of the United States; or (b) bank deposits maintained at a depository institution or trust company organized under the laws of the United States or any of the States thereof or the District of Columbia; 2. to incur reasonable expenses on behalf of the Trust where necessary to make the Trust productive; 3. to hold cash uninvested for such length of time as the Trustee shall determine is advisable; 4. to sell, exchange or otherwise dispose of any of the Trust property as the Trustee may deem expedient; 5. to employ such agents, custodians, investment counsel and attorneys which the Trustee deems expedient and to pay them reasonable compensation for their services out of either principal or income of the Trust property, pursuant to the terms and conditions of a services agreement with the Trust; 6. to allocate to income or principal any receipt, gain, loss, or expenditure as he/she deems just and equitable under the circumstances of each case as it arises; 7. to compound, compromise, settle, and adjust all claims and demands in favor of or against the Trust estate on such terms as the Trustee shall deem just; and 8. to set up reserves from principal or income for the purpose of making provision for any liability or obligation of the Trust including reserves for the payment of any and all taxes referred to in Article II.

Trustee’s Powers. In the administration as management of the Trust, the Trustee Trustees shall have the following powers, which, subject to the restrictions contained elsewhere herein, may be exercised in the sole and absolute discretion of the Trustee Chief without resort to any person or court for further authority and which shall be in addition to the powers conferred upon the Trustee Trust or Trustees by law or by other provisions of this instrument: 1. to invest personal and reinvest the principal and any accumulated interest of the Trust, if any, in only the following: (a) obligations of the United States; or (b) bank deposits maintained at a depository institution or trust company organized under the laws of the United States or any of the States thereof or the District of ColumbiaTrust property to make it income producing; 2. to incur reasonable expenses on behalf of the Trust where necessary to make the Trust productive; 3. to hold cash or equity shares uninvested or vested for such length of time as the Trustee shall determine is advisable; 4. to sell, exchange or otherwise dispose of any of the Trust property as the Trustee Chief may deem expedient; 5. to employ such agents, custodians, investment counsel and attorneys which the Trustee Chief deems expedient and to pay them reasonable compensation for their services out of either principal or income of the Trust property, pursuant to the terms and conditions of a services agreement with the Trustproperty or units; 6. to allocate to income or principal any receipt, gain, loss, or expenditure as he/she he deems just and equitable under the circumstances of each case as it arises; 7. to compound, compromise, settle, and adjust all claims and demands in favor of or against the Trust estate on such terms as the Trustee Chief shall deem just; and 8. to set up reserves from principal or income for the purpose of making provision for any liability or obligation of the Trust including reserves for the payment of any and all taxes referred to in Article II.taxes;