Universal Trust 06-15-90 - Page 19

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                    was over and the Court had pointed out the inconsistencies in                                                                                          
                    Mr. Chisum’s prior documents.                                                                                                                          
                              Second, Mr. Chisum has not shown that he ever had authority                                                                                  
                    to act for Four WS TT01, petitioner’s claimed first trustee.  The                                                                                      
                    record does not contain any documentary evidence establishing the                                                                                      
                    existence of Four WS TT01, describing Four WS TT01, or stating                                                                                         
                    who had authority to act on Four WS TT01's behalf.  Moreover, we                                                                                       
                    did not find credible Mr. Chisum’s testimony about Four WS TT01                                                                                        
                    and his authority to act for Four WS TT01.                                                                                                             
                              Mr. Chisum’s failure to show his authority to act for Four                                                                                   
                    WS TT01 is alone fatal to petitioner’s position.  The record                                                                                           
                    contains a document that purportedly evidences Four WS TT01's                                                                                          
                    resignation as trustee and its consent to the appointment of                                                                                           
                    Hamilton Florida as successor trustee.  However, this document                                                                                         
                    was signed by Mr. Chisum, purportedly on behalf of Four WS TT01.                                                                                       
                    If Mr. Chisum did not have authority to act for Four WS TT01,                                                                                          
                    then none of the entities Mr. Chisum claims were successor                                                                                             
                    trustees of petitioner was properly appointed, including Mr.                                                                                           
                    Chisum himself.                                                                                                                                        
                              Third, there are problems with the proof relating to Mr.                                                                                     
                    Chisum’s claimed chain of trusteeship, in addition to the                                                                                              
                    problems relating to Four WS TT01.  For example, the record does                                                                                       
                    not contain any original documents demonstrating the appointment                                                                                       
                    of Mr. Chisum as trustee in 1997.  Mr. Chisum claims the document                                                                                      

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