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appointed as General Manager(s), and Managing Agent(s),
agreeing to act at all times in the best interest of
the Company and its Capital Unit Certificate Holders
and is/are, hereby, approved to open a bank account for
* * * [Sandbar Wholesale Trust or Sandbar Real Estate
Trust] and to be signer(s) on such account.
General Manager(s), shall accept the same duties
and responsibilities as set forth for the Trustees of
this Organization.
General Manager(s) shall hold no Title, legal or
equitable, and no right to the Capital Unit interest,
income or profit distributions of this “Trust Estate”.
Further, General Manager(s) shall not be liable for any
of the debts of this “Trust Estate”.
A separate Contract will be executed, setting
forth compensation.
The undersigned hereby certifies that the above
has been duly adopted by the Board of Trustees and
direct that the minutes of these proceedings be re-
corded in and become a part of the official Company
Minute Book.
The respective minutes for the trusts were signed in the names of
James Rabold and Jennifer Burgess. Susan Thomas Barmes witnessed
those signatures in her capacity as a notary public.
At all relevant times, the State of Indiana had no records
of any business trust under any of the following names: Sandbar
Wholesale Trust, Sand Bar Wholesale Trust, Sandbar Real Estate
Trust, or Sand Bar Real Estate Trust.
Warranty Deeds
On October 18, 1995, three separate warranty deeds (deeds)
executed on that date by petitioners were recorded with the Knox
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