a. CONVEYANCE AND CONTRACT WHEREBY SHIP IN TRADE TO ESTABLISH (not create) PROPERTY IN ABSOLUTE OWNERNATURAL PERSON TRUSTEES, WHO FOR CONVENIENCE, USE A NAME (to be proprietary without creating a fietitious entity) COMMON TO THEM AS A BOARD; REQUIRING STRICT ACCOUNTING; PROCLAIMING THE LIMITS OF THEIR FINANACTAL LIABILITY; ACCEPTING NOTICE OF INJUNCTION; PROVIDING FOR CONTINUITY OF TRUSTEES $s REGARDING AS SACRED THEIR CONTRACT OBLIGATIONS ASSUMED IN GOOD FAITH: AGREEING TO ADMINISTER FOR CONSERVATION AND TO FATRLY APPORTION IN DISTRIBUTIONS; AND IN ALL ACTING AS CITIZENS MAY UNDER COMMON LAW RIGHTS OF CONTRACT AND FEDERAL ENACTMENTS VOUCHSAFED SINCE THE ADOPTION OF THE CONSTITUTION OF THE UNITED STATES OF AMERICA AND THE AMENDMENTS THERETO, AND HEREBY SAID TRUSTEES BECOME SOLE OWNERS OF AN ESTATE WITH NO RESTRAINTS ON POWERS OF ALIENATION. (COPYRIGHTS, HULBERT PUBLISHING CO., CHICAGO,ILL. 1935) i} Trade Name of the Boards Executive BROWNING-OLSEN TRUSTEES, LTD. _) (Glendale, Offices ins California CONVEYANCE =e lUlUlU Clee ee and CONTRACT THIS FOUR A.D., 1935, is follows: OF ADMINISTRATION PART INSTRUMENT, Made this executed as to parties and 24th day of December, subject matter, as | The Parties hereto are hereby designated as Two Groups, The Grantor, who appoints the hereinafter named list. namely: Trustees, and who conveys, grants and delivers unto them Property whieh is not described herein but conveyances of which are exe— cuted simultaneously herewith, and the appointment, who aecept the Contract containing Articles of selves. 2nd. The Trustees, property, and who Administration as who accept enter into a between them— WITNESSETHs APPOINTMENTOF TRUSTEES Carrie Browning Olsen, hereby selects and appoints 0. B. Werner, Trustees, who herein Joseph with (1) designated as the Grantor, E. Olsen, F. N. Parkinson, possible associate and/or and