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TO PROVIDE for the administration of the assets
by natural or corporate persons acting in a
fiduciary capacity to preserve, conserve,
maintain, invest, and develop the assets for
the benefit of the certificate holders and in
a manner designated in this instrument.
The declaration of trust states that the certificates of
interest of the trust are divided into 100 units or parts,
and it describes the certificates of interest as follows:
CERTIFICATES OF INTEREST
THE CERTIFICATES of interest of this trust, as
a convenience and for purposes of distributions,
are divided into one hundred (100) units or parts
thereof. They are non-assessable, non-taxable
and non-negotiable. No certificate holder may
transfer any unit of interest to anyone else,
without the approval of at least one other
certificate holder of the trust other than the
person to whom the units of interest are being
transferred. When a transfer of units of
interest is made by a sole certificate holder, or
one of only two certificate holders to the other
certificate holder, the transfer must be approved
by an independent trustee. Ownership of a
certificate, and the units represented thereby,
shall not entitle the holder to any legal title
in or to the trust property, nor any say or power
in the management thereof.
NO INTEREST of any certificate holder shall be
subject to or liable for attachment, execution,
or other processes of law. No certificate holder
shall have the right to encumber, hypothecate,
or alienate his interest in this trust in any
manner, without the written approval of an
adverse party.
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Last modified: May 25, 2011