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� <br /> ARTICLE VII <br /> POWERS OF TRUSTEE <br /> 7.1 Specific Powers of Trustee. The Trustee shall have the following <br /> powers in addition to those vested in the Trustee by law, subject to such <br /> instructions, rules and restrictions as may, from time to time, be adopted by the <br /> Administrator and communicated to the Trustee: <br /> (a) to sell, exchange, transfer, dispose of and grant options with respect <br /> to, any Fund assets, by private agreement or public auction, for cash and/or credit <br /> for such prices and on such terms as it may deem fit and proper; to make, execute <br /> and deliver to the purchasers thereof good and sufficient deeds of conveyance, <br /> assignments, transfers or other legal instruments either necessary or convenient for <br /> passing the title and ownership thereto, free and discharged of all trusts, and <br /> without liability on the part of any person dealing with the Trustee to see to the <br /> application of the consideration paid there for or inquire into the validity, <br /> expediency, or propriety of any such transaction; <br /> (b) to invest and reinvest the Fund, without distinction between principal <br /> and income, to purchase authorized investments at a premium or a discount, to <br /> exercise voting rights, either in person or by proxy, with respect to all stocks, <br /> securities, or other property, and generally to exercise with respect to Fund assets <br /> all rights, powers, and privileges as may be lawfully exercised by any person <br /> owning similar property in his own right; <br /> (c) to exercise any options, conversion rights, or rights to subscribe for <br /> additional stocks, bonds or other securities appurtenant to any stocks, bonds or <br /> other securities held by it, and to make any necessary payments in connection <br /> with such exercise; to join in, dissent from, and oppose the reorganization, <br /> consolidation, capitalization, liquidation, merger, or sale of corporate property with <br /> respect to any corporation or property in which it may be interested as Trustee, <br /> and to accept and hold any securities which may be issued in connection with <br /> any such reorganization, sale or merger. <br /> (d) to compromise, compound, and settle any debt or obligation owing <br /> to or from it as Trustee; to reduce or increase the rate of interest on, extend or <br /> otherwise modify, foreclose upon default, or otherwise enforce any such <br /> 13 <br />