📄 Extracted Text (627 words)
to delegate to such persons, or to one or more of those who may become my Trustees as
provided herein, from and after their appointment as Trustee hereunder, the custody. control, or
management of any part of the assets of this Trust as my Trustee determines and to pay for such
services from the assets of this Trust, without obtaining judicial authorization or approval;
B. To delegate, in whole or in part, to any person or persons the authority and
power to (I) sign checks, drafts or orders for the payment or withdrawal of funds, securities and
other assets from any bank, brokerage, custody or other account in which funds, securities or
other assets of this Trust shall be deposited. (2) endorse for sale, transfer or delivery, or sell,
transfer or deliver, or purchase or otherwise acquire, any and all property, stocks, stock warrants,
stock rights, options, bonds or other securities whatsoever, (3) gain access to any safe deposit
box or boxes in which assets of this Trust may be located or which may be in the name of my
Trustee and remove part or all of the contents of any such safe deposit box or boxes and release
and surrender the same, and (4) take any other action that my Trustee may have the power to
take with respect to this Trust and the property thereof; no person or corporation acting in
reliance on any such delegation shall be charged with notice of any revocation or change of such
delegation unless such person or corporation receives actual notice thereof;
C. To pay any property distributable to a beneficiary of this Trust under a
legal disability or who has not attained the age of 21, without liability to my Trustee, by paying
such property (1) to such beneficiary, (2) for the use of such beneficiary, (3) to a legal
representative of such beneficiary appointed by a court or if none. to a relative for the use of such
beneficiary, or (4) to a custodian for such beneficiary designated by my Trustee, to hold until age
21 or such earlier age as shall be the maximum permitted tinder applicable law;
D. To divide this Trust into subsidiary accounts if my Trustee determines that
such division is necessary to maintain fair and accurate records:
E. To permit any one or more beneficiaries of this Trust to use, possess, and
enjoy real property, tangible personal property, or club memberships held by this Trust;
F. To distribute to this Trust or any of the beneficiaries of this Trust in kind
or in cash, or partly in kind and partly in cash, and to allocate different kinds or disproportionate
shares of assets or undivided interests in assets among all of such beneficiaries;
G. To have evidence of ownership of any security maintained in the records
of a Federal Reserve Bank under the Federal Resent(' Book Entry System; to deposit funds in
any bank or trust company; to carry in the name of any of my Trustee or the nominee or
nominees of my Trustee and with or without designation of fiduciary capacity, or to hold in
bearer form, securities or other property requiring or pennitting of registration; and to cause any
securities to be held by a depository corporation of which my Trustee is a member or by an agent
under a safekeeping contract; provided, however, that the books and records of my Trustee shall
at all limes show that such investments are part of this Trust;
H. To register or not register this Trust with the probate division of the
Superior Court of the United States Virgin Islands or otherwise and to make all decisions which
relate thereto:
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0065866
CONFIDENTIAL SDNY_GM_00212050
EFTA01372220
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EFTA01372220
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document
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