THIS IS .A CERTIFIED TRUB COPY OF THE DEED OF TRUST

OF THE HERSHEY INMJSTRIAL SCHOOL,

-J!i &c.U

JCIS H A. .BRECHBILL CURATOR

DATED: ti6-1~ I= 19qc

ihtt~Q: That the parties or the 6~ pa& with. the purpose of bunding and cndowitig in pcrpctuity ;M k&tutb ta tb be known as “The Hershey Indutrinl khaof,” ‘hckbft~2 dcaignatcd q.~ .thc ’ School, to be located iti xforcsaid, do hereby makqxonstitute, and ap rhey, W, H. kbLichcr, fohn EL curry, John !U. I-locker, A. W. Stauffcr, John ‘E. u. G. Riser, tr\d their SUCCC~~Y, appointed ti. fwe*hftsr directed, to crc~t, equip, main&~, Geti, pnd man&c the SchtiI, upon, under, 2nd subject to the .trusts and condi&m hmGmft~ de&cd of tnd ccmceming zhc sue, which Manageis and th& ~UCCCSOTS shall be known as the Managm 05 the Binh~j fn- dwn’d School, and for thnt puqosc, and for other goad wed I~WM tckderltions, hereby acknowlcdgcd, hot nted, h gained, sold, aliened, cnf&l td, &sed, conircycd z& conrfnnc&

and by these prcsent~ do gnnr, bargain, se!& dien,edeoff, r&we,

mnvcy, md confkm unto the said party 01 the second p u-t, its successors and zgsignq-

AU ap Qetiaitt f arms situated in the Township of Dcrry, Dauphin Cowsty, Pennsylvania, bounded and described in one tract of hnd, as fotiows :

affmg@J at i point in line of Iand of Mrs. Michael Henry 49? G-J.0 feet Southcast of a stone a corner ol’tiid land and Iand of &i. S. *Hershey thence: extending by said Henry’s Iaid, partly in 2nd atong a public road South 74 degrees 32 minutes East 10% 4-10 feet to a corner of Land of estate of B. . J. Mc- Giann, thmcc extending by said 1McGmnn Iand the folIowing cwrscs and distances :

South 39 degrees 12 minutes West 709 S-10 fcet,&uth 20 degrees 10 minute; East 1027 3-10 feet to a point ah or near the North side of a private Iane, thence by said bnc: North 85 d& grce~ 50 minutes East 458 7-10 feet to t point in t public road, thence along and iti &d public road South 21 degrees 40 miae utcs East 1215 S-10 feet, and South 57 degrees 19 minutes East 623 S-JO feet to a ccmcr of land of Isrxl Hershey, thence by said Hmhey’s’land the folbwiiig :cautiti and distancis : South 23 dtgms 13 minum West 918 510 feet to iz stone & the Swth d& pf the .Korseshcx ‘T’urn~ikt, thence along tht SW+ tide- of said. Turnpike $puth 76 degrees 54 minutes East 498 2-10 feet to a stone,,thcnce Sout& 16 degrees 36 minutes. West 368 feet and South 76 degrees 48 minutes East 714 f&t to a stone,

the+cc by bn& of Israel Hcrshcy and Samuel Kegerreis respect- idy South 13 degrees 58 rnitiutcs East 2541 S-10 feet CO a stone in line of Iand o( estate & Christian Gingrich, thence by said land North 80 dcgrzcs 24 mittutcs West 2343 Cm to a stone at 01 ~ar.thc ccntrc bf a public road, thence by land of Barbara Gable the two t&wing couzscs :;ld dLsmcc.s, the first exccnd- itig along or n&r tlic c;entrc of za iHib1.k road FJonh 9 degrees 4s’

5-U) feet to a stone, and South Ti7 de

4

minutes West 1328 S-10 lcct to a stone, thence by land of the Brombach Estate Nonh 6 degrees 49 minutes Ezrt I%35 feet to a point on the North side of the Horseshoe Turnpike, thence crossiag s;rid Tumpi~c and extending still by lmd of paid Estate

sorch 81 degrees 59 minutes WCS 957 f&t to a stone on the South side of said Turnpike, thence extending by land of Bet+- min Flo~crs the three following courses and distances : North 6 degrees 45 minutes East LO42 3-10 fete a stone, North 86 dc- grew 20 minutes West’534 feet lo a post and South 39 degrees 18% minutes ‘CVest 3212 5-M feet to a stone ‘in the Hor~eshot Turnpike, thecce along nod in said Turnpike by land of Frank Hacker South 88 degrees 24 minutes West 1349 2-10 feet to z stone, thence by I;lnd of Frank Hockcr and the Estate of Samuel* Peters res&kti~cly North 28 degrees 38 minutes West 2358 5-10 feet Lo B point in line of remaining land of M. SW Kcrshcy, the grantor herein, thence by sid rcmainjng land by a line par&l to Go&ate Avenue and 1410 feet disttnt Southward therefrom North 70 degrees 58 minutes East 4319 feet to the beginning. Containing 485 781-1ooO acre3,

Zbp* witli tll and singular the stock, impkmtn.ts, tools, mo;chincry, apparatus, and all other personal property there-* &, the buildings, improvements, Woods, ways, rights, Ijbtrtits, privikgcs, bcrcdkamcnts, and apputitnxuo, to the ,samt belong- ing, or in any wkc appertaining, xxi the revcrsiod. and, wcr-

.

sions, remainder and remainders, rents, issues and pr&ts thcrcof, 2nd every part and parcel thereof, and itil the estate, right, title, imrest, use, trust, properq, ~CMCSS~O~, claim and demand what- ~WX, both in law and equity,. of the said partics of the first pan:, of, in, and to the said premises, stock, impkments, took, machinery, apparatus, and personal property, with the appurtc- nancel, to have and ta hold the said premises, stock, implements, tools, Ainery, apparatus, and personal property, with aU and s;ngular the qqxmenanccs, unto thi said party of the sewnd part, its ~=+wrs and assigns, to the only proper WC, bcncfit and be- hoof of the said party of the second part, its SUCCCSOC~ d

6

assigns former, upon and subject CO the trusti an8 confidencc~ and for the scvcr3( uses, inxcr~t.s, 4 purposc~ hc~einaftet mena 6oned d&wed’ of and conceraing tht same, that is to MY : in trust fix a pennzrrent institution for the residence and XCWI~IO- &ion of poor white male orphans, and the rcguisitc teachers and other persons necessary in and about such an institution, and the maintcnn&, mpport, and e&cation, as her&after pw scribed of &XI-I orphans: to coUecf and reccivc the rtnt~, WC- nues, and incornc therefrom and appIy the entire net TWCCIUC, income, rents, issues and profjb thereof to support and maintain the said institution, and increase the facilities and cfficien~y thereof according to chc directions here’ixts2fter contained; tQ per- mit the’said Mtnagcw and their agents and cmptoyccs under their direction, to take charge .of, farm and optratc the lands hcrcby cokzycd, under such terms and conditions as they think proper, and xo use the swnt in such manner PS is in their diacrcti~n most advantageous to the purpow~ of the trust, to keep the raid lands and buildings thereon in good repair, to renew and improve the same wh& necessary by erecting new buildings thereon, to direct and supewi.s.e the disposition of the pro&& thereof, the venues or income derived therefrom to bc paid to and received and c&tied b the Trustee a~ herein before provided-

1. If it w happen in the future that gifts, btquc$ts, dc- vises of real or personal property may be rnadeto OT for the bent- fit of the Schod, the Tmtcc and the lLJanagen arc authorized io accept 4 such gifts, bqucsts, devises’, whtncver the terms, conditions, re~cictians, or Iimitations of such gifts, bequests, dt- yk, arc not in the opinion of the Tntstee .and Manngcrs in contravention o,f the objects ad purposto, of this deed, anrd all Such gifts, bequests, devises, vhecher mnde TV the Sdtool by nmc, or to the Trustee, 01 to the Managtn, OT in any manner whate=r, rhali bc paid or trznsferrcd by ~roptr coavcyarncc to the Trustee, and be added to 2nd become a part of the aqw or pn’ncipal oi tbc twst tstatc or af the income, in aid of which the said gifts, bcgirc~ts, dcuirts, or stny of rhcra may hwc kc

c

ma& ; in the a.bsen~c of any dirt&on .xcdmpanyiny an)* such gift, bqucst, devise, 8s io whet htr t hc corpus or priticipal of the tmst estate or income is ~intendcd to be the recipient of such gift, bqmt, devkc, the Maugtrsshdi have, the ptiwcr to dctw l~tine to which of the funds, or in wl~at proportion to both, such gift, bcqacst, of dcvisc, shall be paid or transfcrrtd, pruvicie‘;i however, that if any lands or other real pmpcnr shall be giutn, conveya!, cx dcvimf, to be held, enjoyed or used for the bcn& oc purposes of the School, the title to the s;lme.sha!l be held by the Trustee u&r the SZMC trusts as are herein dcclarcd of and concerning the lands convcycd to tttc Trustee, aad with the same power to sell and disgosc -of the said lands or other 1-4 pcapwty so gken, conwyd, at devised, aad under the tame wusts, as to the proce& thcrcof, zs are hcrcinafccr deduej of and cowcming lands wltich may be sold by the sajd Trustee and Marqcn.

2. The Trustee shal.f on oi before the first day of Septtm- ber in each year make out and deliver to the Managers sepwtc stztcmcnts of principal and income of the trust estate, showing t hc revenues, receipts, expeoscsI and disbursements lor the par ending with the thirty4irs;t day of July immcdiattiy pr=cding, hwhg what kwzstmcnt~ haye bccrr sold, rcdcemcd, or paid, and what sccuritks Ike been bought, acquired, or received, during the year, pad ;L statemmt showing in &tail in \vhat pmpcrty 2nd securities the trv3t estate was invested on the preceding thirty-fint day ot Julp

3. ?‘hc corpus or ptiacipal, and the borne of the trust Cstate shall at all times bc kept separate and apart from each other by the Trustee, and separate and true a~counft of the CoWJh or ptincipai and income shall be kept by the Trustee, 2nd at 211 times during the customav businesr hours of the. Tmstcc, the l\lfanagen shail have a&s to the said accwnfs. AI feast ~ncc in every year it &aU be the duty of the Tcustee to exhibit to the Manqers, and t)le duty of the IMantgcrs carc- fullY to ermk and count the smerzl rccutitics, and to verify

them with tbc statcntcn~s cind acmunts furtisfd ad br bY

the TYuscec.

4. The ??rustee shall pay kxxt time to time, upon rtquest of the blanagcts, the net income fr;rorn the premises her+ con-

veyed, and of any future gifts, bequests, and ckvisc~, when, PII~ as the same may*bc required by them, or m mucli thtire~f u in the opinion of the Managers may be necessary to furnish the amount or amounts of money rcquircd by the Managers for tht purpose of ercctiag on the premises above mentio$‘, buildings and improvements fur the farms and School and pt0cutiag kr- aiturc, stock, matetiak, cntchinery, took, kpkments, pht, and equipment for the same, for tbc expenses, support, nktenonce, m~nagcmenc, renewals, and repairs i>f the farms aa& ScKooI, its iurniturc, plant, and equipment, or for the purpose att ky time of enlarging, mtmding’ot adding to either or ati of szid’buildings; furniture, plant, and equipment,-the decision of the Managers when cxprcssed in lvriting and dtlircrcd to the Trustee, as to whcthcr the said income, or my part thereof, is or is not rc- quid for the purposes mentioned, shall bt final and con~lu~i~t and binding U&I the Tmttc, and the rtceipt of the Managers to the Trustee for al! nusntyo paid to .them by the Trn~tec out of the intomc, rhalI be fnlf and sulkknt acquittancc and dk- ch;trgc of the Sums so paid, without any obligation on ‘thi p;zrt ~1 the Trustee ,to MC to the application of the Ad r+ncys.

5. The funds of the principal of the tntst es& and the unexpended income of the proper& held in trust, not immtdie atdy needed for the purposes of the School, sha\I be invested, and the TNSICC at all ~‘KRS by and with the authoGty and ap- provd of the Managers shall have 11.111 power and authority to invest a.Iill or any part thereof in any securities which the Trurtee and the kIanagcrs together may consider sclfe, whether the said Sc~Ufkk5 or any of them arc Itgal investments for trust funds or not, am! neither the TN$Ccc nor the %Ianagers sh4l be held accountable far the &O&SC of its and their b’rcretion, exercijcd in good faith, PS to the character of the invcscmcnts which may

se made by the authority ZU~ agqvm-4 of b-h. NO de of 2117

securities shall at any time bc made by t-ht Trtrstce, without the autho& 2nd approval of t!~c h’la~ag~r~. and at iwcstmeats of any money shall at any time -be cna& by Ihe Trwee extept by nnd Gtith the ;rpprovol of ckc ‘Mzn xgers.

& The Trustee ‘may kxn time to time, byt onlp with the

app~~al of c.hC: Mznagur, sell-and convey in fee simpk any @act ~r portion of the lads conveyed by this de+, or which miy have been bought 01 otherwise acquired, rvtich in the judgment a,( the Mvupc~ is not ncccsary to be- kept &r- the pultposct oI the Schoof, or which it may be rtdvisable and advamtagewa to sell, and may execute and deliver a deed or deeds, or other con- vqw~cc for the lands so sold, CO the yurchascr .ot purchasers in fee simple, fm and discharged of 4 EMS, and without any obligation on the part of the purchasa ox purchasers to look to thy application of the purchaw money; the purchase .mney of s land so sold shrlt be held b.y the Trustee, and invested as bereia provitkd Lor, and the income therefrom applied to the mainte- nance of the School. No part of the proceeds ~4 the sale of any land,-or of the pn’nci$al af the tnrst’ as it now is, or &Mition~ ticreto, by gift or otherwise, shall CYCF Ix expended for any pur- pose whatever, except fcwthe purchase of addjtional land for the purposes of the School

‘7. The Trustee may from tine to time, and at any time, but only tith the qqro.ovai o$ the Managers, purchase my tddi- timal land adjoinirq the School property, or ‘conveniently near to. it, and take title to the same in itself as Trustee wzdcr rhis deed, tnd hold the same under md subj’ett to the trusts berein set htb, if they consider such land necesiary or c’dnvenic~t for the ~uposts of the School.

8. Nb pate of tbc torplis’or principal of the trrrst estate, oc of thehcomc, OI of the ~~OCCC~S (II any real es& sold, arising from the pqxtty hereby conveyed, it gifts, hequests, or d4xs, Or 0th accretions thereto, and all moncys.a~ld sccuritie~ rhing , theref~m, or made with at acquired, by the principal or income

9

thtr&, or acwctjan$ thcrtto, shd at my time. be applied to W ~thcr purpose or p-porn than those herein mcnrioned and apI pointed; md jn no ewn\ shall my pat of the COtpu6 at phCi4 pal of the trust estate ever be used oi told, disposed of or pkdpcd to meet current expenses of the institution for which the CWRLIC and xxumulated income 2nd. fcvenues me ex&sirclp dtvotecL

9. 3%~ T~US~CC ~hdl rtctive ;rj its fall compcnbatkm for the du tics rtquired to be pcrkrud by it under this &cd 2 CQ~I- mission ~4 lirc per ‘cent ol the income received by it as Tmstct,. not cxcccding, ho~~~et, the 3um of One Thousand Dolkus &?r annum, and shall make no charge ,against, md receive no CW+’ pcmtion from the corpus or principa1 of ,thc tma t Mate.

Al1 mtmcys received by the ‘;Lfanawn from the ‘&tee shall be received, held, and used b the Managers for, upon, mad subject to the trusta aad confidences, and for the uses and br- poses hcrcinafter dcclrucd of and c~cctning the sunc, and for km other, thar ia 20 say:-

,lO. Out of the morxys received by the ?klan~gcrs from the

‘I’rua~c, from the nvenuc or income, IO crtct suitable build’mgt, md appurtcnrnccs, to bdge, bard, and instruct, srs many orphans ;to, in the opini~i of the Mnnagen; the ccvenu~ nti.d other tiu~ces ti income, author&c? to be expeadcd for the ,gtw past, will provide fa, 2nd ~0 lodge and .board as many ot)rer per- rona, mch 2s ofhers, teachers, agents, :workmen, and scmnts, ;u in the opinion of the Managers it may be ncce&y 01 convc4 nicnt shall reside upon the premk, for the gurpcw 61 fully curying ON the design in view, md of completely establishing and successfully mdntaining the Sch.4 herein intcndcd ro be founded ; to Iurnirh and Jdy equip the School with su& )unG- turn, m2kridr, machinery, took, books, equipmeat, and all things ndd to carry into c&cc the gencrd purpose, as in the judg- ment of the Managers mny be necessary OT convenient dot’ the ~urpox; to pzy the ~PIU~C~, repairs, mcl rcncw of the prop- tfiy, to pay the compctisation of officers, agents, teachcn, work- men, wvants, or 43&x cmployfl, mMcrials 3nd sugpks, ahe

I?

~.aintenancc, clothing, a& instruction of the orphans, the CX- WC of boarding and bdging of wch officen rnd cmploycs whom the managers my think it proper shall reside at the &hool, and zny other ch’arge ot c<pmse contracted or payable by the Mu~agcrs, for, ot by rem of thc~managemcat, majntc- nanct, 5upyxt, rcntwnl, impfuvtmene of repair bf the School, its qqmcnanccs, the phnt, and equipment thereto belonging, 2nd of the tends, build*mgs, and improvements under the+ care and management. The decision of the &fwrs as to whit arc or m;ty be necessary expenses ‘for the maintenance, support, management, rcwwszl, or repairs of the School, and its zrppurte- IWICCS, the plant and quipmcnt thereto belonging or appcrtain- ing, ancf of the lands, buildings, and ‘unprovcments under their care.znd management, shall be EnA and cwtduske upon the subject.

11. The institution ~hdl bc known SLS “The Her&y Ifp- dusttial Srbool,” and shalt be pecmantntly located in Derry Town- ship, Dauphin County, Pa., upon the land her&y conveyed.

12. The LMslnagers shall employ from knt to time, at

proper compcnsafion to bc fixed and established by them, it cnm- petmt number of ceachcn, agents, mechanics, workmen, and

srwm, necessary to take charge aI the r&d kern and School, and to feed, clothe, educate. and Ir\struct in trades, as hereinafter provkkd, bJ1 orphans admitted to the SCM, md for ocher put- poses necessary to carry out the. obj+xts. in v*kw; but no person shall be employed who shall not be of tried ski11 in his or her proper depanmtnt, and 4 cwbbhtd moral character.

13. The institution shall bc organized as soon. as practica- bfc, 2nd when prepared to receive orphans, the Managers shall from time to tkne rccc’rve 2nd admit to the Schod as many poor, hcdtb, white, male orphans, of such ages between L~bur and -kht YC~, 2% may from tin& to time k determined by the ~~aww-s, as in the opinion of the bfan~~~, the CX.CCKI~, cip~-

tYa 4 income of the School will protidc for, and sh4 be ade- Juste t.0 maintain, aud from time to time as the may !IC yzcan-

it

c~CS, 01 inc~md ability from income my wmant, &es *at? be xlmittcd. Tbc tcm orphan ia this deed desi$;nates a child whose father ti deceased.

34. On application for admission, an xcurife statement shall be t;tkcn, in a book prepared for the purpose, of the nmc, &irthpIace, tge, Beatth, condition as 10 rcIatjvcs, aAd other par- ticulars useful to be known of etch orphan.

Those orphans lor whose admission appTicaLlon shall first be made, shall be first introduced, all other things concurrirtg, and at afi future times, pr’kity of application shd cntitfc the appli- cant to preference of zdmissioa, ;1[i other things con~uhg, bur if there should bt at any time more applicants rhan vncmcies, and the app,lying orphans shall h;r;c been born in diff tcent places, prefercnct shall bc given in the a&nission : First ,-to those born in the Counties of Dauphin, Lancaster and Lcbatlon, Stsrte of Pconsylvaaia; Sec~d, -to those born cls43vhere in Penn++ nia ; Third,-- to tbsc born elsewhcrc in the United States. Nu orphan. who has been px-opcrly admitted with reference to the order of preference: shall thercaftcr be displltced to make way for any later or suhsequcnt applicant who may be higher in the order of prefcrcnce hcreinbeforc directed to be observed. The deci- rion of tbc .Manapers as to tbc number bf orphans to be admit- ted, 2nd as to the conflicting claims of any w ail xppkants for

admission, shall be. final and conclusive, 15, .No orphans sha11 be admitted nntif the sur+ing pu-

en t, gum-km, or c$wr &cqetcnt au thkity shalI havq-- given ky indent& rckaz, reknquishment, or other fawful acquittaocc, for such period as the Managers may determine, adequate porvcr to the Mmagen, or others by them appojotcd, to enforce, in rek&fl to each orphan, every proper restraint, and to prevent reIati=s, frkds, or others from interfering with, oz withdrawing such orphans fro& the inrtitution,

16, Those orphans who merit it may remain in rhc School until they ShaJl rcspectivcly arrive at ciP)Iteen year* of age.

1% A!\ orphans admit2cd to the School shall be kd with 12

p)aiq wfioksomt Id; pla;Db, neady, 4 cmrdortabl~ cloth& xvithout djstinctive drtos, and fitty lodged. IAx rcgattd shzdl be pajd ~0 their health ; heir physi& training shall bc attenkil to,

and they shafl have suitabk anti proper exercise and recreation. They shall be jnstructed in the swxal branches of a sound cdu- cation, zqiculture, hotiiculturt, gardening, such mechanical rrsdes and handicrafts as the Managers may determine, auJ such natural and physical tienccs and practical mathematics as in the opinion of the Mutagcrr k n\a)t bc impartaqt for them to ac- quire, and such other [earning and science a~ tic tastes, capaci- ~itj, and adapt abiliey of the swtral scholars may meri: or war- rant, to fit themselves far tht trades they arc to lczn, and P use- ful occupation in life. No one fixed or tstablish:d cowe shall be taken by all scholars, this being jn the discretion of the Man- agers, bcuing in miad that the main object in view is to train

young men to useful trades and occupations, SO that they can lewn their own Iivctihood. Eat h and every sc h&r sh=rll be required to lcam, and be thoroughly instructed in s~rne occqu- Gn or mechanical trade, so that when he leaves the School on the ccn-np!etion of the period for which hc is to remain, he map be able to support himseIL

‘The Managers shall dctcrmjrlc the sw~ral kinds of mechan~ i-1 twits to b taught, and the determination of rhe particular one that shall be taught to and acquked by each schotu,--the zaste, cqmcity, intclt~genct, and adtptabjlity ~4 each scholar Ix- ing wcnained and coosidcred before assjgning him to any ptr- titular trade; one of the objects of the S&CA being to teach and instruct in agticulrurc, horticulture, and gardening, each orphan &Gtttd to the School shalt at such time or time3 as may bc teqticed, do such work upon the farms as may suit his capacity and &ility.

I.8, The School shall be non-sectarian, but the momI and tch%s twining 0 the S&&-S &al] be prop& tooked alter ad cared for by the Managers. No favoritism shall be showo bY the &Ixnagers to any particular sect or creed+ Each scho%r

13

21. All ocphxsshs’ll leave the insdtution znd CC’ISC to be ihe recipients of its bendits on the arri a? the age of tightetfl fears.

of the BIWHI~~B ~e~citwl by theti as income 01 the SCM, at tk Managen m-ry, CM d the ~COJJX, if wffici-c for the PUTPO~G before or after the a~~&l of the scholar tt the age of eightcedf pwvidc for or contribute toward the further educntiod of th! dmlar at mrnc other scboo& a&ge, or k~i~~ityc

23. All motieys rccekd by tht Managcn frck the sak of products, stock, ma&al, or manufactured articlt$ ot from tiy’ smrce otkr than those hercjnaborc dcscr&ed, shall be paid to the Trustee, and expended !or the EBW purp’oseo as trc here+ ctbove prescribed and directed for the exptndkure.of the komer

23, The Managers shall at all t”mzes keep full and accurate ;tatcmcnts, in books to be pmvidtd by them lo; the pwp~sc, of’ all orphatis entering, remaining in, and leavksg the Schaof, sho~ Yrq their s&eta names, parentage, birthplzcc~, aga, A-niwiorii and departure, and designation’ of trade Icrrncd; and SO iat ti iny information upon the subject call readily and G&out WP wctssar)( expense be obtained, the Mafiagets shall C~USC a RC* >rd to be kept and preserved ot the rcskfence, occupation, COW ii&m, and success in life of aI1 scholars who have fuliv cam- Ifeted their term, for 2 period 01 ten ycacs after their departtne ram the School. .

24, TJJC Managtis %b;zll at all t&s keep books atid .cdo~ntsof the Lanclal condition of the fxmlr and SchwAi howing the jnjotint and value of all real and persot~l property 1elongin.g thereto, and c&biting in detail alI rccc!ptr and kb w-semen t5,

In the motith of September of each yeas tk antigers shJl t-&z a repott of the operations of the fxms 2nd School for tbe ear ending with rthc prcctding thirty-first day of July, showing: he rcceiptt and expenditures of the Managen and the opeqv km of the farms and Sch0~1 during the year, *The ac~0s-t must Jclude a scatemrrnt shoting the &act financtl condition ot the mns and School ;it the end ot the year, and ;UI inventory and ahhon of alI the prqxrty, stock, jtnpkmtllas, machinery, BOIS, 3pparatus, and sM be accompanied by 04he$ informaPicm

IS

of the con&&n of the S&o& the nuinber ot &&us, which tht blanngtrs may desire to give, and a copy of said report, signed by the Managers, shalt k delivereta by the Mamagets to the Tru3tcc, in the said month of September, and be fifed md pn*mcd by the Trustee among the tccord, of its tnut.

25. Should any one or ,m6rc of the individual Mana~crs hcrcinabove appointed, die, resign, ar bscome incqacitated to Xt, 01 decline 0t refuse fo act, his, or their phct fx j&es shall be filed by aa appoikrxnt xo be mde by the Trustee, kern the members of its own Boani of Directorq and any vxancy OCCUT- ring zt any time in the number of Managers by any of the above causes, or othenvise howsocvet, whether among hc Managers herein appointed, or among rhose that may be &ctcd to ml z vacancy as her& prescribed, or among their succ’cssms PO be QJ- pointed 13 aforesaid, shall be filled by an zppoktment to be made by the Trustee, from the members of its own Board of TACT ton. The Tnuttc may at any time hcrcafter revoke the ap- pointment of any p&n or p~rsom hcrcin dcsigwcd aa Mana- gers, or af hst who become their succesxm, ard ~cmovc such

pcnon or pcmns fawn the Managers, and thcreafccr the person or petsons whose appohtmtnt is revoked shaU no bngtr CXTC~SC the duties of tht appointment ; the vacancy or vacancies so cre- ated shali be 5Ilcd by an appointmtnt to& ma& by the Trustee in the manner hereinabove dew-i& from the trrtmbcrs of its own Board of Directors. The Mznagcrs and the Trustee mzy SC~ ZZI~ tknc- hereafter increase the number Of Managers to cuch

a number as they may cktcrmine, not grtsttcr than the mcmbtr- hip Of the Ikwd of DitcctOrs*of the Ttuotec. .‘

26. The Managers shall a~ual~y elect oat of their nun- her as Chk3-G. The person acting ti & time as Treasurer

to the Tm.sw shd be Tnasmr of the bad of Matr;lgcn. They shd appoint a Stnctary, and pres~ribc the dutk of the Tmimcr and Sectctary. The Treasurcc shaft give bond with

god ~urcty in such pcna.! sum ;is the Managers shall determine, cmWncd for the faithfut pcrform;uK:e of his d~cics. The of-

16

ficcs af Tmsurer a.nd scc&rg mlry IX i&d by oti~r pmm, stid in c2se of VJ~CGI~~ in thc ~ffkes of Chairman or SCC- rctary at any time, the M ;Inq-J$ $hdl elect 2 5ucce3cbr to fill the vacancy. The ;Lfanagc~ $hxn notify tbe Trustee in writing

of their organization, and of the eltction bf Cbknan and Scc- retrrq, and of my changes in either o~ticc a3 the S.WN may occur, The assent of a majority of the >l;ulagers Ml be neccssq tar the approval of any act.

3. AH and stvtrd the trusts herein created md declared shall be heM in perpetuity.

23. If in the qinwkm ot the ;LIenagcrs it may be zdwnta- gcous and convtnicnt thzt they shouid be incorporated, and as II corpomion hold md trercise the trusts herein created and directed to be held ant3 ~x~rc.&d by the Managers sps individuals, the Managers shzN bwc full power and authority at their option to apply for and obtain ad take corporate p~wcrs and become a corporation under the laws of the Scatc of Pennsylvania existing at the time of the xpplicatian for such corporate powers. Always prwidcd howwcr, and subject to tbe Mowing express condia tions, viz,: -that the said corporlGon shall hold its charter in pcrpctuit~; chat it shall be called “The Hershey Induptrial School;” thwtht ;Man;xgus holding the trust at the time of the granting of the &;uret, shall bc thE rpole incorporate arid managers of ,Ld corporation; that rht tights and powers to fill u-acanck in th& nurr;beti as sud\ kor-parators and managers, be subject to the same rcstricti~~f as are hereinabove given md imposed in cam d vacamic~ among the individual managers,

2nd that the said corporatim, under and by virtue of the Law w hvs of the Commonwe&h of Pcnnwlvania existing at the time of its cIca&n, shall have full and compktc kgal authority to take and execute the trusts hcr~in*~~ created and intended to

be cxcrcised and h&j by the ~a=wrs as inditidt& to cxehe

and enjoy a3 such corporation 211 the wws herein created to be exercised and enjoyed by the sad individual Managcn, with d

the JJOWCCS and authoiirics, d WKIW and subject to all the ww 17

ditionr, restrictions, and limitations as arc herein givm, gfaaid, crcntcd, prescribed, 2nd dtcIarcd OI and cancnning the said- msts to be held and exercised by the stid individua\ Managers; and upon such corporation being formed as aforesaid, it, the said corpoution, by narae shall thencdo~th hold 2nd enjoy 211 the trusts htrcialnbove d&ed and created and intended to be held and cxcrcijed by the individual &IartageTs afotcsaid, and be 4 become the successors in the test of the raid Managers. And upon said corporation king formed ss afortsid, the said Mana-

forthwith give notice thereof in writing to the Trustee,

artd thcrcaftelt the said corporation shall be consulted by the TCWCC in the maucr of the oak and purchase of securities, and hare the same pnwct and authority in the matter of the s2k 2nd

purchase of ~ccwitks and investments and rcinwttmcnts, and ia al! other matten, a is gircn to the 1M211agcr3 under this deed ; and the Ad carporttian shall thenceforth be entided to recek irom the Twtcc, and the Trustee &all pay c~ct CO the corpora- tion, all moneys which by this deed arc hcrcintbove ditected to be paid by the Trustee to the Managcn, and the corporation shalf take, reccivc and hold the said money subject to &I the trtuts 2nd conf’idcnccs k&above declared of and cortc~raing the saqc with like effect to aI1 intents and purpoxs as if the said corporation had &n r&cd in this deed instead of the

Managecr hcrtinabwt named.

YG 33RhW.5 3l+-trPaf the ptlticlr of the firic pzrt hereto hzvc htreunts 3ct their hands and fixed their ~tlls this fifteenth Ly of November, in the year oi our Lord one thousznd nine hundred and nine.

MILTON s. HEnsKXY [SEAL] ~ATHAIIIHB s. hUHXY [SXAL]

ifC.YID, SthLID AHb DILlYlRtP J3 I-EM Z’AUENCC OF

H. C. TUXIWW E. E. YUNG

. on the 15th day of ~o~‘embtr, A. 1)*, Is@& 6&m mei a &tav pubkc of the Sfd of &ti Yorki raiding in l?kw York cty, penonal~r appeti~d' tk tithin tiamed 24lton S. Hcnhcy and Gthafinc $, &&t)‘l his wikj aIdkf due form of hw ac- know)cdged fhc &thiri cited 50 k rbek and each of rhcir act axd de&, and dc~irdthc tnn~ might be recorded as such; and ;he s;rd C&nine S; H&shcy b&g ol full age,- xod stptntc Andre apart from her said’ hnsbad by IW thereon privately t~nmined~ and the full cotitcrits 04 &C withirf +ed being by mc first made known unto heri did rhcreupoti declare atid s;ly that she did I&- untar-ily aad of her own free wiI\ atxd actord; stgn, seal, 2nd ;IS her act and deed; ckhkr the within wtiftcti hhture,. Deed dr- Ctmvcpncc, without my coercion or compulsion of her r;zjb- husband.

~M’~ my hand and ofiichl swl .the day and year afore

said* [SEAL] fi. c. ~~XBURY, b?otary Publ;c, 53. My &k&&n cxph hfmh 30, l$?lO.

The Her&y Trust Company ol Hershey, in the’ Cduaty of Dau$in, Ptnnsylvmia, hereby wceptr the tFwts declmrcd ia the above &cd on iu part to bc observed, kepta~d pafomcd.

ih a3erittlpm ?&pn@f the Wcrshey Trust Cornpan); has hcccunto 2flixed its corpontc seal duly attested at Hershey, Pa., this fourteenth day bf April, A. D. 1910.

h!htTON s. htwru, Prebdmt, s. c. STKHER, SccrWy.