60-395.

§60-395.


    The cotrustees of a trust estate resulting hereunder are hereby
authorized and empowered to manage such trust estate and all money
and property belonging thereto; to rent or to lease any of the real
property for the purpose of exploring for and extracting any
minerals, including oil and gas, as well as for other purposes; and
to sell or otherwise convert any of the property into cash; in such
manner, for such price, and upon such terms and conditions as they
deem to be for the best interest of the trust estate; and, for such
purposes, to execute and deliver such written instruments as may be
required.
    Such cotrustees are also authorized and empowered to use any
money and property of the trust estate for the construction of public
improvements in the town or city, or in the county, designated in
such gift, for the purpose of sites and rights-of-way for public
improvements in such town or city, or in such county, and for repairs
and additions to existing public improvements within such city or
town, or within such county; and, where necessary to the use of funds
from other sources for the construction of public improvements upon
any real property in such county belonging to such trust estate, may,
in their discretion, convey the title to such real property to any
one of the governmental units having a beneficial interest in such
trust estate, for such public improvement purposes, without further
consideration.
    Such cotrustees shall be the exclusive judges of the public
improvements to be made or aided from such trust estate.  They are
also authorized to enter into any contracts, including construction
contracts, which they deem to be proper in the performance of their
duties hereunder, and to employ and fix the compensation for such
help and assistance, professional or otherwise, as they deem
necessary to carry out the policies determined by them hereunder, and
to pay the same from the trust fund account provided for herein. Such
cotrustees may be sued, and, in their discretion, may sue, in any
matters relating to such trust estate or growing out of the
administration thereof, and may employ attorneys in connection with
any such matters, but shall not personally be civilly liable for
damages or attorneys' fees except upon criminal or culpable
misconduct.  Any official act or action by such cotrustees shall
require the joinder of all three trustees.