Any Trustee hereunder may be removed and a successor Trustee appointed in such Trustee’s stead upon the written consent of the holders of not less than two-thirds (2/3) in interest of the Shares of Beneficial Interest then issued and outstanding, and acknowledged by one or more of them.
If for any reason a vacancy occurs in the office of Trustee, such vacancy shall be filled in accordance with the provisions of this subparagraph, and, notwithstanding anything to the contrary, until such successor Trustee is appointed, no action by the Trustees requiring the Vote of the Trustees or the unanimous consent of the Trustees shall be taken by the remaining Trustees. Any vacancy among the Trustees occurring during a term of office shall be filled by the remaining Trustees for the unexpired portion of such term. If a successor Trustee (whether immediate or remote) appointed to fill a vacancy in the office of Trustee should fail or cease to serve as Trustee, the successor Trustee appointed to fill such vacancy shall be such person as shall be designated in a writing signed and acknowledged by not less than one half (1/2) in interest of the Shares of Beneficial Interest held (whether individually or in trust).
Effect of Appointment of Successor and Additional Trustees. Upon the appointment of successor or additional Trustees, the title of the Trust estate shall thereupon and without the necessity of any conveyance be vested in said successor or additional Trustees jointly with the remaining Trustees, if any. Any successor or additional Trustees shall have all the same rights, powers, authority and privileges as the original Trustees hereunder. No Trustee shall be required to furnish bond, security or surety in any form.
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