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Probate of
The Will
and Codicils of Sir Catchick
Paul Chater, deceased. (Continued)
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(b) To apply any part of my residuary estate or to raise money by the sale or mortgage of my residuary estate or any part thereof and to apply the same in the payment of my funeral and testamentary expenses and debts and legacies or in the protection improvement development or enhancement of the value of my residuary estate or any part thereof or for any of the purposes of this my Will Provided always that no Mortgagee advancing money on a Mortgage purport- ing to be made under this present power shall he concerned to see that such money is wanted or that no more than is wanted is raised And I declare that if my Trustees shall raise more moneys by any 10 such Mortgage than may be required for the purposes aforesaid they shall hold the surplus upon the same trusts as if the same had arisen from a sale of part of my residuary real and personal estate.
(c) To dispose of any part of my residuary estate for shares paid up or
partly paid up or otherwise.
(d) To refrain from taking proceedings to collect any debt due to me and
to defer the calling in of any debts.
(e) To exchange or surrender any part of my residuary estate on such
terms as they think fit.
(f) If after my death any call shall be made upon any shares for the time 20 being forming part of my residuary estate shares or any new issue bonus or preferential right to take or subscribe for any new or other shares in any corporation shall be made given or offered to my Trustees in respect of any shares for the time being forming part of my residuary estate (which involves the making of a payment to the said corporation) to apply any part of my residuary estate in or towards the satisfaction of any such call or payment or to raise the monies required for satisfying such call or payment by mortgaging or charging any portion of my residuary estate including such new issue bonus or preferential right.
18. I DECLARE that if any difference of opinion exists between my Trustees in relation to the doing or forbearing to do anything or otherwise how- soever in the execution of the trusts of this my Will or any Codicil hereto the opinion of the majority of such Trustees shall prevail notwithstanding that any one or more of my Trustees may be personally interested or concerned in the matter in dispute.
19.
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MY TRUSTEES may exercise or concur in exercising all powers and discretions hereby or by law given to them notwithstanding that they or any of them may have a direct or other personal interest in the mode or result of exercising any such power or discretion but any of my Trustees shall nevertheless 40 be at liberty to abstain from acting except as a merely formal party in any matter in which he may be so personally interested and to allow his Co-trustees or Co-trustee to act alone in the exercise of the powers and discretions aforesaid in relation to such matter.
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and Codicila
Catchick
20. ALL monies liable to be invested by my Trustees may be invested Probate of in all or any of the investments following that is to say in or upon any of the The Will Public Stocks or Funds or Government Securities of the United Kingdom or of Sir India or of any British Colony or Dependency of the United Kingdom or any patchater, Foreign Government or in the purchase or upon Mortgage of any freehold lease deceased. hold or chattel real securities in the United Kingdom or in any Colony or (Continued) Dependency of the United Kingdom or in any Foreign Country or in or upon the stocks or funds or securities of any corporation municipal local or otherwise in the United Kingdom or in any Colony or Dependency, of the United Kingdom 10 or in any Foreign Country or in or upon the debentures debenture stock bonds mortgages preference shares preference stock ordinary stock of any Railway Tramway Canal Dock Harbour Gas Water Electric Lighting or any other company incorporated in or carrying on business in the United Kingdom or in any British Colony or Dependency or in any Foreign Country with liberty for my Trustees at their absolute discretion to vary and transpose all or any such investments from time to time.
21. IN every case in which any legacy or share of my residuary estate is by this my Will or any Codicil thereto bequeathed to any Club Church School or other Association or body such legacy or share may be paid by my Trustees at 20 their option and in their absolute discretion to the Committee of Management Church Body Finance Committee Treasurer or other Appropriate Officer of such Club Church School or other Association or Body whose receipt shall be a complete discharge for the same and exonerate my Trustees from all further concern or responsibility in relation thereto.
22. MY wife shall be entitled to live rent free in my residence at Victoria aforesaid known as "Marble Hall" if she desires to do so and in such event the said residence and the furniture fixtures and household effects in about or belonging to the same other than my collection of China referred to in Clause Twenty-five hereof shall not be disposed of by my Trustees until my wife shall 30 cease to live in such residence And I further direct that if my wife shall elect to reside in such residence she shall do so upon the condition that she shall pay the Crown rent rates taxes and outgoings for the time being payable in respect of the said residence and keep the same properly insured against fire and in good repair and duly observe and perform all the Lessee's covenants and conditions contained in the Crown Lease under which the said residence is held and shall also keep the said furniture and other effects insured and in a proper state of preservation.
23. MY TRUSTEES may in their absolute and uncontrolled discretion instead of acting personally employ and pay a Solicitor or any other person to 40 transact any business or do any act of whatever nature required to be done in connection with the administration of the trusts of my Will or anything arising thereunder including the receipt and payment of money and any Executor or Trustee of my Will who may be a Solicitor or other person engaged in any profession or business may be so employed or act and shall be entitled to charge
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