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06-09-1986 Council Packet
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06-09-1986 Council Packet
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directed others it also left many items to interpretation. In 1975 the <br />District sought a court order interpreting and defining authorized uses <br />of the funds given it by Mrs. Hoppe. The court directed: <br />o That the Hennepin County Park Reserve District is directed, as <br />trustee, to apply the real property devised to it by said <br />decedent to the use of that of a general iisplay garden as <br />specified in the Will of Lora N. Hoppe <br />o That the Hennepin County Park Reserve District is directed, as <br />trustee, to maintain the personal property received by it from <br />the estate of Lora N. Hoppe in a segregated account and shall <br />administer the same in trust upon the following terms and <br />conditions: <br />- To apply so much of the trust principal and/or net income <br />therefrom as riay be reasonable and necessary to develop <br />and maintain the general disply garden as described in <br />the Last Will of the decedent <br />- In the event that the trustee finds it reasonable to do <br />so, to expand the land area devoted to such general <br />display garden usage by acquisition of adjoining lands by <br />application of such portions of the princ d/or net <br />income of the trust as determined by the tr, a to be <br />necessary for that purpose <br />u -Ihat the Hennepin County Park Reserve District, as trustee, in <br />regard to said trust, is hereby vested with full powers of asset <br />sale, investment and retention as specified in Minnesota <br />I)tatutes paragraph 501.125, enabling said trustee to properly <br />00 <br />
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