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the trust, the Trustees shall distribute all of the property
and accrued income to the certificate holders of record in
proportion that the number of shares they own bears to the
total number of shares issued and outstanding.
SECTION 3. Any Trustee hereunder may acquire, hold and
dispose of shares in this Trust to the same extent and in
the same way as if he were not a Trustee and without
affecting in any way his status or power as such.
SECTION 4. No shares shall be issued in addition to
those originally specified herein except as replacements for
other certificate holders as authorized by this Declaration.
The total number of shares outstanding shall not exceed 100
(one hundred) in number.
SECTION 5. Transfers of shares shall be made only on
the books of the business trust and the old certificate
properly endorsed shall be surrendered and canceled before a
new certificate is issued, provided that, no transfer shall
be effective until approved by unanimous vote of the Board
of Trustees.
* * * * * * *
SECTION 7. The rights of trust certificate holders
and other persons becoming entitled to shares of the trust
shall be subject to all terms and conditions of this
Declaration of Trust. The shares shall not be personal
property, and the ownership thereof shall not give any
person any legal or equitable title in or to the trust
property or any part thereof, but shall only entitle the
owners of shares to their proportionate shares of dividends
and distributions as herein provided. No shareholders shall
have any rights to manage or control the property, affairs,
or business of the trust, or any power to control Trustees
in these respects. No shareholder shall have any right to
a partition of the trust property or to an accounting during
the continuance of the trust. No part of the trust property
or the income therefrom shall be liable for the debts of any
trust certificate holder and no certificate holder shall
have any power to sell, assign, transfer, encumber, or in
any manner to anticipate or dispose of his shares or the
income produced thereby, prior to the actual distribution in
fact, by the Trustee to said certificate holder.
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Last modified: May 25, 2011