VALIDITY, EXPEDIENCY, OR
PROPRIETY OF ANY BORROWING;
(F)
TO KEEP SUCH PORTION OF THE TRUST FUND IN CASH OR CASH BALANCES
AS THE TRUSTEE MAY, FROM TIME TO TIME, DEEM TO BE IN THE BEST INTERESTS OF THE
PLAN, WITHOUT LIABILITY FOR INTEREST THEREON;
(G)
TO ACCEPT AND RETAIN FOR SUCH TIME AS THE TRUSTEE MAY DEEM
ADVISABLE ANY SECURITIES OR OTHER PROPERTY RECEIVED OR ACQUIRED AS TRUSTEE
HEREUNDER, WHETHER OR NOT SUCH SECURITIES OR OTHER PROPERTY WOULD NORMALLY BE
PURCHASED AS INVESTMENTS HEREUNDER;
(H)
TO MAKE, EXECUTE, ACKNOWLEDGE, AND DELIVER ANY AND ALL DOCUMENTS
OF TRANSFER AND CONVEYANCE AND ANY AND ALL OTHER INSTRUMENTS THAT MAY BE
NECESSARY OR APPROPRIATE TO CARRY OUT THE POWERS HEREIN GRANTED;
(I)
TO SETTLE, COMPROMISE, OR SUBMIT TO ARBITRATION ANY CLAIMS,
DEBTS, OR DAMAGES DUE OR OWING TO OR FROM THE PLAN, TO COMMENCE OR DEFEND SUITS
OR LEGAL OR ADMINISTRATIVE PROCEEDINGS, AND TO REPRESENT THE PLAN IN ALL SUITS
AND LEGAL AND ADMINISTRATIVE PROCEEDINGS;
(J)
TO EMPLOY SUITABLE AGENTS AND COUNSEL AND TO PAY THEIR REASONABLE
EXPENSES AND COMPENSATION, AND SUCH AGENT OR COUNSEL MAY OR MAY NOT BE AGENT OR
COUNSEL FOR TEXAS REGIONAL BANCSHARES, INC.;
(K)
TO APPLY FOR AND PROCURE FROM RESPONSIBLE INSURANCE COMPANIES, TO
BE SELECTED BY THE ADMINISTRATOR, AS AN INVESTMENT OF THE TRUST FUND SUCH
ANNUITY, OR OTHER CONTRACTS (ON THE LIFE OF ANY PARTICIPANT) AS THE
ADMINISTRATOR SHALL DEEM PROPER; TO EXERCISE, AT ANY TIME OR FROM TIME TO TIME,
WHATEVER RIGHTS AND PRIVILEGES MAY BE GRANTED UNDER SUCH ANNUITY, OR OTHER
CONTRACTS; TO COLLECT, RECEIVE, AND SETTLE FOR THE PROCEEDS OF ALL SUCH ANNUITY
OR OTHER CONTRACTS AS AND WHEN ENTITLED TO DO SO UNDER THE PROVISIONS THEREOF;
87
(L)
TO INVEST FUNDS OF THE TRUST IN TIME DEPOSITS OR SAVINGS ACCOUNTS
BEARING A REASONABLE RATE OF INTEREST OR IN CASH OR CASH BALANCES WITHOUT
LIABILITY FOR INTEREST THEREON;
(M)
TO INVEST IN TREASURY BILLS AND OTHER FORMS OF UNITED STATES
GOVERNMENT OBLIGATIONS;
(N)
TO INVEST IN SHARES OF INVESTMENT COMPANIES REGISTERED UNDER THE
INVESTMENT COMPANY ACT OF 1940;
(O)
TO DEPOSIT MONIES IN FEDERALLY INSURED SAVINGS ACCOUNTS OR
CERTIFICATES OF DEPOSIT IN BANKS OR SAVINGS AND LOAN ASSOCIATIONS;
(P)
TO VOTE COMPANY STOCK AS PROVIDED IN SECTION 9.5;
(Q)
TO CONSENT TO OR OTHERWISE PARTICIPATE IN REORGANIZATIONS,
RECAPITALIZATIONS, CONSOLIDATIONS, MERGERS AND SIMILAR TRANSACTIONS WITH RESPECT
TO COMPANY STOCK OR ANY OTHER SECURITIES AND TO PAY ANY ASSESSMENTS OR CHARGES
IN CONNECTION THEREWITH;
(R)
TO DEPOSIT SUCH COMPANY STOCK (BUT ONLY IF SUCH DEPOSIT DOES NOT
VIOLATE THE PROVISIONS OF SECTION 9.5 HEREOF) OR OTHER SECURITIES IN ANY VOTING
TRUST, OR WITH ANY PROTECTIVE OR LIKE COMMITTEE, OR WITH A TRUSTEE OR WITH
DEPOSITORIES DESIGNATED THEREBY;
(S)
TO SELL OR EXERCISE ANY OPTIONS, SUBSCRIPTION RIGHTS AND
CONVERSION PRIVILEGES AND TO MAKE ANY PAYMENTS INCIDENTAL THERETO;
(T)
TO EXERCISE ANY OF THE POWERS OF AN OWNER, WITH RESPECT TO SUCH
COMPANY STOCK AND OTHER SECURITIES OR OTHER PROPERTY COMPRISING THE TRUST FUND.
THE ADMINISTRATOR,