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VI
All the rest and residue of
my estate I give, devise and bequeath to the City of Knoxville for the
following uses and purposes:
(a) An amount equal to
approximately one-half (1/2) of the value of the residuary estate, the
amount to be determined with the advice of my Executor, so received
shall be used for the purchase of a parcel of land for use as a nature
park within the City. The park shall not be
used or developed as a playground, but as a quiet retreat with trees,
shrubs, flowers and other plantings for the pleasure and health of the
public. It shall be located in the downtown business
district and shall be known as Krutch Park. Robert S. Young of
Knoxville, Tennessee, hereinafter named as Executor hereof, shall as
such executor or individually make the final decision as to the choice
of the site for the park from among those considered suitable by the
City. If considered appropriate by the City and my Executor, the
park may be located in whole or in part on property already owned by or
available for that purpose to the City, in which case any funds not
needed for the acquisition of property shall be used for the initial
development of the nature park or added to the fund held pursuant to
paragraph (b) hereof.
(b) The remainder of the
said residuary estate shall be held by the City as a separate trust
fund, and the income therefrom shall be used for the development and
maintenance of the said park. The trust fund shall not be invested
in bonds other than those of a Moody Rating of AA or AAA or of other
such comparable rating or quality in the event of the termination of
publication of the Moody Ratings or in stocks other than those commonly
called "Blue Chip," and changes in investments shall not be
made merely for the purpose of improving yields or an expression of
judgement as to their future increase in market value and only when a
change is otherwise necessary. The said Robert S. Young shall be
consulted by and shall advise with the City upon any change in
investment of the trust fund during his lifetime.

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