Page 7 - cp19440909

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1 protection of the. interests of the Trust Estate; participating in I
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.. . t . · : 2 yoting trusts, pooling agreements; .assenting to C()rpora·te sales,
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3 leases and encumbrances; rego.:Pdless of lim1 tations., 1:f' any, else-

4 where in thi::i instrument relative to invostmonta by tho Cou.11ty, to
5 havo ·the power of sellin5 or exercisine stock subscription or con-
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, .. . Q version riGhts, participating in forocloouroo, roorcanizations, con ' t i
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? ·aolidatio:nll, morgo:rs and liquida:tions; o.nd in connoction with any
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8 ouch pi.•ocoodine;o, to dopoo:Lt ..ioc\.\l."itio..i w:U;h, nncl ·l;rtrnofo:.c• titl<.l t.v,
9 my pi•o"tecti vo 01• other commi ttoo 1.mdo:t• such to:i:•rno roopocting tho
10 doposi t thereof o.a tho Coun·ty mo.y approve•

ll F. The County aho.11 koop., o.oci.unulo.to o.nd doclo.re o.cto of
12 o.ll 1nvootmout::i, roooi1>'li1J ,£u1tl•d1sbux•oom~u·liu, and otho:i.• tro.n::iuct.ton:.i
13 hero under, and o.11 o.ccounto, boolc:.i and records rela tine thereto

14 shall be opon to innpection by o.ny intorootod poroon nt .o.ll roaoon-

15 able tiruoo. \Vi thin sixty .dayo i'ollowine tho clo::ie of co.ch fi:~co.l
.. 16 year, t_he l3oui~cl of Supervisors sllnll i'1lo with tho County Clo:t'lc of
l? said County a wri tton roport setting for•th ull invos·t;io.onts, l•ocoip•t;,,

18 and .diobux•semonts, · o.nd othor tro.nsactiona ei'focted by ·l;hom du;r.,111~

19 the por1od subsequon-t to tho l,rnt uccoun-tine. such r• opor•·t; shall
20 conto.11l o.n o.xact doooi•iption o-J: a.ll oocu:i:•:i,·l;io:J o.nd invo:Jtmonto hol<l
21 a"t tho ond of such poriod and tho cost of oo.ch itom thoroo:C a::i co.1•-

22 riod on l;h0 boolc:ai of the County.

23 o. No portion or the p~incipAl or 1ncomo of tho Tru~t
24. .E3 ·l;o.to oho.ll bo oubjoc·t; to so.le., nooi~m11on-li, hY1lothl.lcutlon or ti•o.n::i
,. 25 · ··fer by .. tho county., nol' shall tho pi•:i.noipo.l of tho T1•u:1t Es·t;o.to, ol~

.26 'the inco~no ari:Jine th.e:i:•ofrom, bo liablo for o.ny dob·l; oi' t,ho Cot.1nty

27 or subjoc·t; to any judgmont rondorod aaai111J·t; tho Co1.\nty Ol' to Lh.0
28 pi•oco::.io of 0:11y cou:i.• ·t 111 o.icl o'i.' oxocution of uny Ju.Jgrnont :.:io :i:•on-

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29 derod., · a.ncl a.11 of tho 1ncomo i':t•om tho 1:.L'UO t Eotuto ::ihull uo ti. 0.n::i-
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30 !'oro.blo, puyLLblo und dolivo:i.•o.blo 01ily uj" tho <Jaunty to tho pi.n.•:.iuwJ
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