Page 8 - cp19440909

l H. A.1..1. a.:Lv:1.e1ena.s a.cci•u;i.nt; uu uu.1.·1Ju.L·<1vo o vv ........... ,~ J:'"'oJ ---- '
.
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, • L :- 2 in the· shares of the corporation itself, ·and~ all -rights to sub- I
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., . . . ~ ... ·-
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3 scribe to the shares or other securities or obligations of a corpo-
4 ration accruing on account of the ownership of s·l;ock in such corpo-
5 ration, und the proceeds of any salo of such rishts, shall be
''.
6 deemed principal. All dividends payable otherwise than in tho shar · s ii
. -~ .
? · of ·the corporation itself shall bo deomod income, except that umoqn i ~ I:
!
!
8 paid on co:.rpol•n·l;e stock upon l1qu:1.clut1on of tho o.sooto of tho coi~po
·9 ro.tion as u return of the orii:;ina.l invostmont o.nd oucl1 part of.
10 dividends o.s is designated by the corporation as a return of cup-

ll ital or distribution of assets sho.ll bo deemed principa.lo -~·JJ.1.oi•e
I , ,
12 tho Coun·t;y sho.11 have tho option of r~colvinc o. dividend eithoi~ in
13 cash or in tho sha.ros of the docla:rine corporo.tion, it .'.!hall bo
14 considered o. cash dividend irrospect:1.vo of tho cholco mude by ·(;ho

- · 15 County. Unloa::i otherwiae spocitico.lly provided hoi~oin, tho Cow.1·l;y
,. ,· ·16
· aha.ll ho.ve £1.bsolute di:Jcrotion in dotorm1nina who.t i:J principo.l Ol' 1
1-
l? 1ncomo and what shall be charged o:r crodi tod to ei the:r, o.nd thoi:r
18 jud[.'lllont sha.11 bind ovoryol10 bonofic:i.ally· interos·l;oc.l hoi•ou.nr.lot>. .':'i
. •"
19 The County ma.y i•oly upon tho otu.tomont of th€i po.yinc; col'l)Ol'ntlon
20 as to whothor dividei-:ids a.ro pa.id from pi•o!'it:J o:i:- om•n1ngs 01• O.l'e

·21 a. return of oa.pita.l or o. distribution of nnoots, cmd o.s to £.rny
22 · otllor fa.ct 1•olovo.i1t horounder, conco:i.•ning tho sour•co oi• ch:.u.•o.cto:c>

23 ot aividondo or distr:i.butiona of corpornta acoot::i~ •

24 SIXTH: I hoi•ouy ~ivo, dov:l.so o.nd boquoa.th;
25 , I' I ( o.) To my sis tor, l~ranoes V. Biorck, who is now :r•oo:td1ne
•" ' '
26 · a. t · Westport, Connecticut, tho ::ium of Ii'ifty !Ihouso.nd DollD.rs
2? ,~~50,000.00).
I
28 (b) '1 0 iny c;ra.nc.lnioco, Mui•y Ellon Hocowunini:s, novi :i.•e;- I .
1
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·,: 29 s.idine o.t Woo·c1:i~r·~, Com1oc•~icl.l.t, tho ~ \\11l u:r Pivo ~1llou:Ja.ud Dollro•::i, r
j.:.
30 ,is,000.00).

31 ( o) To my e;z•ancln:toco, Boatrico Hocowonini; H\.U1t, tho ~um)
32 of l•'ivo 'l'hou~o.ncl Dollu.NJ (::::5,000.00). ·
w.s.u.
L4W O,,IC,tl
AY, llAVIU ~UUIJl
I fh)OIICVLT D&.Dllt
·• BIYCNTH IT, 1 1 1
ANQKLQ LAST WILL AlW ~I•~S'l'Alil8N'1 OP V/J.LLIAJ.t S. IUdU .. - - - - l)AGE EIGlI'.r
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