purposes, hypothecate and/or otherwise encumber, and/or to convey by trust deed, to constitute the initial Estate, which shall and is hereby made to include certain real and personal property of value, conveyed and received with the understanding that no existing liens or obligations attached to any property they may accept or acquire or any part or portion thereof shall be assumed as financial obligations against the Estate Corpus or the Trust— ees, Except as the Trustees may expressly specify in writing. The said property which is to, and hereby does, constitute the initial estate Corpus herein, is particularly described in the schedule and inventory of property, on this day delivered to and now held by the aforenamed Trustees, and conveyances of which are executed and delivered to the said Trustees simultaneously with the execution of this instrument. ACCEPTANCE THE SAID TRUSTEES, for themselves and possible associate and/or successor Trustees, do hereby accept their appointment and their Offices of Trustees and do hereby accept the above referred to real and personal property, duly conveyed and delivered, and agree to conserve the Estate, to protect and administer it and both real and such accretions thereto as may in furture accrue, personal, and, in their judgment and discretion to the best of their ability and as they interpret the meanings, purposes and obligations herein expressed, to carry out the spirit, tenor, intentions and purposes herein set forth, subject to the follow-— ing Articles of Covenant, to-—wits CONTRACT ARTICLES East Trustee sible associate to-wit > agrees with the CONTAINING OF hereinbefore and/or successor other Trustees ADMINISTRATION designated, for in of Trustees, Articles self hereby and for pos- and covenants Administration, ART. 1. BOARD OF TRUSTEES: The Trustees shall be construed to be the absolute and exclusive owners, in joint tenancy and continuity, of the legal and equitable title to all property, real and personal, in the Estate, having powers including the right to at will, stration convey and deliver any and/or all such Estate and assuming as such Trustees the obligations to which they have voluntarily subscribed. (3) properties and admini-