Briefcase by John Adams

Author:John Adams [Adams, John]
Language: eng
Format: epub
Tags: Poetry
Publisher: Auckland University Press
Published: 2011-03-17T04:00:00+00:00

4. IN addition to any other powers possessed by or vested in the executor, executors, administrator, administrators, trustee or trustees hereof for the time being (hereinafter in this clause all and singular referred to as and included in the expression “my Trustee”) I EMPOWER my Trustee in my Trustee’s absolute discretion to do all or any of the following things:

(a) To sell call in and convert into money all or any part of the property both real and personal forming part of my estate and not already consisting of money and to do so irrespective of the value of such property or any part thereof at the time of selling calling in or converting as aforesaid.

(b) In any sale of my freehold or leasehold estate to allow such part of the sale price as my Trustee shall in my Trustee’s absolute discretion think fit to remain outstanding upon first mortgage of such property upon such terms as to repayment and otherwise as my Trustee shall deem expedient.

(c) To postpone the sale calling in or conversion of all or any part of the property both real and personal forming part of my estate from time to time for so long as my Trustee shall think fit notwithstanding that such property or any part thereof may be of a terminable or wearing out nature or may consist of a speculative or hazardous investment.

(d) To let or lease or to sublet or sublease all or any part of the real or leasehold property and to bail all or any part of the personal property from time to time forming part of my estate for such period and upon and subject to such terms and conditions as my Trustee shall think fit and to re-enter and determine and to accept surrenders of tenancies leases and bailments.

(e) To raise and borrow such money as my Trustee thinks fit in such manner and on such terms as my Trustee may deem expedient and to give as security for repayment thereof a mortgage charge or lien upon the whole or any part of the real and personal property forming part of my residuary estate.

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