Page 6 - cp19440909

.. Trust Estate in a. special .fund of the County to be know~'l as WILLIAivi
l
11
2 S. HART PiulIC PUND 11 ., and shall not w:l. thdl•av, said Trust Estate~ nor I/

3 any _l)Ol."'tion. tJ.1.el•eof, except in accordance w:l. th ·the provisions hereof.
4 The County shall place all stocks., bonds and othet• secUl'i ties pur-
5 chased with said 'l'rust Estate in a. secui•e place and a pi.•oper record

6 . kept of the fact ·that so.id securities are a pm"'t or this Trwit
7 Estate.

8 B. 'l'ho county mo.y invo~t a.nu rolnvo:1·li tho 'J.':i.'uot :c;:,rt.uto
9 in invoatmonts permissible by law for tho investment oi' trust i'uMl .1 1

10 de1:>ooited with. nav:i.ngs banlcs a.a pi•oviclou. by Section Gl., Act G:..i;~ o:.:

ll the Gono:i.•o.l Laws of tho State of Ca.lii'or111a., ns a.11¥:ln<led.
12 C. '.L'ho cour1ty sha.11 ho.vo U10 r:Lcht to u~o o.nnuully th,)
t:£...,._
13 sum of' Te11 'lhou:Hi.nd Dollars (:)10, 000.00) of the principo.l anclt\u.ccruc l

14 V:f..~ of th.a '.l.'1•ust :B:.ito.to for thG purpo::io of uiulnc und o.ss1::it1ni.;
~ ~-C4c{ _..:...~....,._, '
. 15 tho county in doi'ra.y:l.n13 o.nd carrying out o.nd lH:,1•f'o1•mln13 tho con-

16 cl1 tionll a.o oxproosod in par. r~oul.•th horoor to bo clono o.nd po:i.•i'ormod,
17 but I horoby doclm•e it to bo a condl tion of thio •rrust thu t tho

18 County shall -·.: ot oxpond 01• obl:Lr_;;a:l;o roiy po1•ti0!' oi' 'lillo pr:lnclpul Ol.'

19 lncomo of thl3 !1•uu·~ I::otu.to in oxcc:rn 01' tho :mid o.raoun ·t;o, untl th::d;
1 1
20 1·1:; :i.o u furthol.• contliUon ol' this ~'l'ua ·l; th.u.-L tho County shull no L
21 expend o.ny 1)ortlon ol' the said p:dncipo.l or lncomo ol' the Tl.'u:.:t Es-

22 tAto tor any purpo::io whutuoov1J'.I.' oxoop·l; ao ho:i.•o1n o:x.p:i.•oosly o.i;i·t;ho:i:•-

23 :1.zod.
24 D. ..fl:I; loo.r;·t; ai:muully tho Bocu•tl o!' :JuiJu:t•vluo:i:•'3 oi' tho

25 County 3ha.ll nccount with :roopoc·t; to o.11 diahu:i:•oomont:J a.n<l obll~a.-
26 t:l.ons incu1•:t.'od in co11noctior1 v,ith tho porfo:i:•mu.nco of tho condil;io:w

2? set foi•th in pa.i•a.si•aph PoUl•th ho1•ooi'.
28 E. 'l1l1.o C9unty shu.11 huve, r·oopoctln~ bo11tls, nho:co:J ul'

29 otocl,: und 0'1,hor aocUl'itio~, all tho :i.•ic:ht:J, powor:i antl p1•1viltltu3

30 o1' o.n ovmor, inclu<.linc, thouch v11'l;llout; 11m1 lilnc ·t;hr.> i'oi.•o~oln~, tllo
31 power oi' votin~, ~ivine pl•ox.i.0::1, pllyiaoi1t oi' call.a., usceosmontu unrl

32 o ·thot' LJUlllLJ <l.eomecl uy tho 1300.r•u or S1.\1HJ1•vioo:i.•a oxpodiont fo:i.• tho
w.s.H.
LAW OP'r&c:&8
l'lliY,UAVIS UOULII
• · - oouva.T 111.0G,
·, IIVll<TH IT, 1
11
'J/\NORU LAS'.L Y/ILL AND ~•J~~'.l.'AMEH'l' 01 V/lLLIAM :;; • UAH'l' - • - - • .. l).1\Gl!.: :.:IX
,,. ... 1111