Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1906-11-05
FIFTY ACRE TRACT OF LAND HELD
IN TRUST FOR INDUSTRIAL SITES

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conveyances shall be made with or
: without monetary consideration as
shall be directed by a majority of said
committee, and that should any of said
premises be conveyed by said trustee
for monetary consideration that said
consideration shall be by him deposit
ed in any bank or banks, designated
by Il majority of said committee and in
the name of said trustee and as such
trustee and that said funds shall be
! withdrawn by said trustee only upon
Il Ike written request of a majority of
said committee. and paid over To the
lpersCn or persons. corporation or cor
pGrations designated by them for the
sole purpose OF fGrthcring and encOur-
aging the locdt on Of new manufactur-
iHg concerns or factories in the city of
Rel. Island. said trustee further cove
naHts and agrees with said party of
the first part TO handle and conduct
tie management Of said premises and
every par, thereof upon the direction
10. Il I&juY.;y of sad committee ana
Hpoa u written request of Il majorit,
uf aid comm tee shall lease the same
ioT any part thereof and collect the
rents therefore and deposit the pro
Goods Cf said leases to his account as
such trustee and shall withdraw said
lgrds only HpCn the same conditions
and for tso same purposes as herein
/ Jaoyc described. SHOULD any part OF
said premises be sold for monetary
cons .GoIati.n IL beng understood that
the intention of this conveyance to
said trustee is that the lands hereby
conveyed be held. used. and conveyed
by said trustee solely for the purpose
iOr benCfitin. thc whole city OF Rock
! Island by the up-builIing and encOGr-
! lgoment Of factories and manufacture
! ing plants of every description. by
deciding to them parts of said premises
either for nominal or monetary con
! sidoratiOn and that the funds arising
/ fICm the sale or leasing of any part of
I said premises shall be used for the
same object: and said trustee hereby
| covenants and agrees that under no
! consideration viii he make any lease
| or conveyance or manage said premis-
es for any purpose foreign to the in
! tent of this conveyance or trust. even
upon written request Of a majority
Ibf said committee. but that should any
such contingency or dispute arise re
garding the object OF said conveyance
or conveyances between himself and a
majority of said committee that the
| sole decision of the question at issue
shall be left to and decided by Hugh +.
! Curtis. the grantor herein.
May Appoint Committee.
"And it is further agreed by and be-
tween the parties hereto that should
either said Rock Island Club, or said
Retail Merchants association cease tot
exist that then and in that event
said Hugh e. Curtis, the grantor
herein may appoint said committee tol
direct the management and control and
conveyance of said above. described
premises.
And it is further agreed. by and be
tween the parties hereto. that should
such trustee hereinabOve named die or
become incapacitated, or should he be
without the county at any time that il
becomes needful for him to act. then
and in that case Charles J. Larkin of
the city of Rock Island, county of Rock
Island, and state of Illinois. who is
shall act for and in the place and stead
of said trustee, and with the same puI
pose and under the same conditions as
are hereinbefore set forth, the same as
if he had been originally named herein |
as trustee: and it is further agreed be
tween all parties hereto that should
both said trustee and his successor in |
trust be incapaCitated in any manner
from acting as above set out. then and
in that event a successor in trust shall
be appointed by majority of said com
mittee to act as said trustee, and such
, appointment shall be made in writing, |
signed by ma Ority of said commit |
tee, and that said appointment shall be |
placed on record in the office of the re-
corder of deeds in Rock Island county, |
Illinois.
The Matter of remuneration.
1T is further agreed that such trus-
tee or his successor. or successors. in
trust. shall look to said committee for
his reasonable charges in the matter
of conducting and management of this
trust
And it is further agreed between
the parties hereto that. should any part
or portion of said above described
premises remain in the name, manage
ment or control of said trustee. or his
successor. in trust. and undisposed OF
lat the expiration of 20 years from this
date, that said trustee or his successor
in trust shall Teconvey that part or por-
ton of said above described premises
remaining in his name. and undisposed |
of at that time TO said Hugh Il CurtiS
free. clear, and discharge of and from
all and every incumbrance and trust
whatsoever, for the consideration of
one dollar.
''And said Frank G. Young. as said