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Home My WebLink AboutOC1970-0318 - ESTATE OF BAKER,~~'--,~~/--'~j~-.....~1",--~~l;r-~--",=.,.----.,.-.,.-.,.-----,--.,.-.,--=.,.-----.,.--'~ ~~V(,••• IN THE COURT OF COMMON PIEAS OF 'WASHINGTON COUNTY ,PENNSYLVANIA ORPHANS'COURT DIVISION NO.~/3'-v-/If7() ESTATE OF WALTER H'o'BAKER,DECEASED FIRST AND PARTIAL ACCOUNT OF THE UNION NATIONAL BANK OF PITTSDUnGII SURVIVING TRUS'IEE.UNDER THE WILL TRUST FOR WALTER B.WEIMER /'/' .!. ------•. i / .-...........!! .f.;:,!:1 3{~. .h' ·t.:;l_·f·;.;,l......... .•/(!Jftl/!/1/i'IMA4qh.f:Jf;~"1'Ntifh[1i.~~..; , .'1 ..,.,".',..,." .~..:.,.':'1 ~I ad dZltlfl,!.!.Iwt I 11(/111,Ii'i:\::,r;:;;-wu "of'!r,.;tv iiI'.,~r~o\'J/I~1~"'...Wt!" ;'COl1cernmfaj-the jilifl!l (If !,~,;.'-,i:i;.'I;:",;;,'/;it,i ;fj 'fl ?,1),iih718r .urlf4. ,ooribed by Statuto tlnc)ii(~!i:/.of C1::!;-'~,."4!:i eUi!:~~'!!Cd!tJ?!pro()f~ .thereof filed to No.'[,3-70-10 ~,. . " . W·.;J d -.". /,"tj'-lj,d,"'I ·'1 ~."~I ·•.·.··1•.".··,'"••..:-~'~~'('.--."Itl.t!S$ft,y ,o,n a",&.;.."v,~",..".1./.,,'"_--_..a, ,C-¥Y\,"')/"1'.' ',OJ "1.L\..~........'"''''1[J t.V...' "'~~4;,../7~CJtyJ -.'•....~~.....;..f!...~ Reai8t6T of Wilis ~~;r .l......~.,""l\C_ J i ~ ~"'."". f:J... ,,..., '"---'c.:::l :-.":J =:: ::::-.no $208,733 •.81BALANCEDUE ) --..~......-.J,<eC 1",*'t.!.o.. ~--,;b;r.;::o (f)0C:' _.--(F :::::::0'")(j~ Z -..~r .G"',)ra~i--__of ;::'1 ,#'_ ;:::)t :?-~::'-':g ~~;,':r=:;.. <J r--'.-?"c..",...,.:)"", Rex .Rowlarid,Esq..~"O Buchanan,Ingersoll,Rodewald:,. Kyle and Buerger 1800 Oliver Building Pittsburgh,P(~Ylva~,....~.~~~~..-41 .o.l'lJ th.,.i##..,co wtt"11.\;,~'1 t6 t"fI G(Jtl120'.Jfl-urtU .u,.tK"',J.Ie.cea:1116 the witmh fIOOO . . • oenfirma-t.lOn.~C\lw ..,IllQJ.v..v.L~1f7..-'-"'---'-'-;;'ni;;;'(l "~~;",,,r "n,·, . D}(-t 15 Y-(f~;{O 10 00 \S'tI • .:-~" ,.~~~.li..,'...,~".. '"....f i'. ,.,--,.<,."~.-:'.! ••.. 'r',·,'-. .10.. IN THE COURT OF COMMON PLEAS OF WASHINGTON COm;'TY,PENNSYLVANIA ORPHANS'COURT 1:1SION NO.'3)¥-//t70 ,ESTATE OF WALTER H.B ER"DECEAE~D FIRST AND PARTIAL ACCOUNT OF THE UNION NATIONAL BANK OF PITTSBuRGH SURVIVING TRUSTEE UNDER THE WILL TRUST FORWALTER"B.WEIMER'.....~.'..~. 'IIDecember31,1969 (Date of death of Edward L.Stockdale, Co-Trustee, ,.-00 . Noyember 5,1969) SUM M'A R Y SCHEDULE A PRINCIPAL -PERSONALTY ......._-'~---~-Receipts Pages 3 -24 221,601 49 Disbursements Pages 24 -32 17,367 65 BALANCE 204,233 84 I I SCHEDULE B INCOl.m -PERSONALTY Receipts Page s 33 -34 14,407 79 Disbursements Page 35 9,907 82 I BALANCE 4,499 97 I NET BALANCE 208,733 81 The Balance Consists of the Following: Principal -Personalty , I I IStocks American Telephone and Telegraph Company I I 190 shares Capital 5,641-50 I Anaconda Company 110 shares Common 1,685 07 Cyclops Corporation 14,480 shares Common 95,479 67 Duquesne Light Company . I 200 shares Common ,3,783 75 I General Motors Corporationf I 288 shares Common ,2,959 38 " ,; !-- ••,t·"...•• , I ESTATE OF WALTER H.BAKER,DECEASED Stocks.(continued)! I Gulf Oil Corporation I 440 shares Capital 14,552 46 I National Steel Corpo~ation i 298 shares Capital 3,699 60 Texaco,Incorporated 1,356 shares Capital 7,523 41 The Union National Bank of Pittsburgh 355.59945 shares Capital 5,212 49 140,537 33 Bonds United States of America Treasury Notes Series A -1970 5% $21,000 dated 2/15/66 due 11/15/70 21,110 45 United States of America Treasury Notes 7 1/2% $40,000 dated 10/1/69 due 8/15/76 41,100 00 United States of America Treasury Bills $1,000 dated 11/20/69 due 5/21/70 961 99 63,172 44 Cash on hand 524 07 204,233 84 Income -Personalty Cash on hand 4,499 97 208,733 81 , I. I r -2- " ••_.!711'. , •, ESTATE OF WALTER H.BAKER,DECEASED I I SCHEDULE A PRINCIPAL -PERSONALTY RECEIPTS Edward L.Stockdale and The Union National Bank of Pittsburgh,Executors of the Estate of Walter H.Baker, Deceased I Awarded by Decree of Distribution dated December 18,1950 at No.90 August Term,1950 A.A. by the Orphans'Court of Washington County,I Pennsylvania I I Stocks . Anaconda Copper Mining Company 55 shares Capital 1,897 50 Bristol Myers Company I 7 shares Comnion 280 00 IChesapeakeandOhioRailwayCompany 26 shares Common 1,168 37 I I I Citizens National Bank of Washington I 26 shares Capital o 00 Columbia Gas System,Incorporated 39 shares Common 424 51 Donley Brick Company 5 shares Capital 350 00 Dunn-Mar Oil and Gas Company 142 shares Capital 284 00 General Motors Corporation ; 46 shares Common 2,659 38 II George Washington Hotel Corporation 5 shares Common 12 50 George Washington Hotel Corporation 1 share 5%Cumulative Preferred 9 00 I Harbison-Walker Refractories Company 13 shares Common 280 72 Hudson Bay Mining and Smelting Company Limited 26 shares Capital 971 75 , , -3- ------ '.• ESTATE OF WALTER H.BAKER,DECEASED Stocks (continued) Hudson Motor Car'Company 13 shares Capital Life Savers Corporation 4 shares Capital Montgomery Ward and Company 13 shares Common National Steel Corporation 149 shares Capital Pittsburgh,Fort Wayne and Chicago Railway Company 13 shares 7%Preferred Pure Oil Comp~~y 10 shares Common Sterling Drug,Incorporated .'20 shares Common Texaco,Incorporated 31 shares Capital The Union National Bank of Pittsburgh 20 shares Capital United States Steel Corporation 526 shares Common Universal Oyclops Steel Corporation 6,456 shares Common Vanadium Alloys Steel Company 65 shares Capital Vick Chemical Company 8 shares Capital United States of America Treasury Notes Series D 1 1/4% $31,000 dated 6/1/50 due 7/1/51 -4- 184 ~4 127 00 757 25 3,699 60 .2,249 00 246 25 798 75 1,859 32 5,460 00 11,681 58 98,655 76 2,600 00 264 50 31,006 62 ....1711'... -.-.__._17111 " I I, I I , ESTATE OF WALTER H.BAKER,DECEASED , .I Notes-- Participation in unpaid balance of $900 Demand Promissory Note of John B.Bigler dated I . December 24,1941 with interest at 6%109 04 Participation in unpaid balance of $1,967.29 Demand Note of Clarence W.Hildebrand, Josie H.Hi,ldebrand and Mrs.Walter Sprowls dated June 2,1930 with interest at 6%109 43. Participation in unpaid balance of $10,000 Demand Promissory Note of John B.Bigler dated December 26,1945 with interest at 2% I(1,000 shares Thompson Hardware Company Capital Stock held as collateral)1,336 42- Cash 1,957 13 171,440 32 Additional Assets 195 2 .~ .~ Feb.7 Net proceeds sale -1/8 share }~' -Lot 5,Block 1 La Gorce Island,Miami Beach, l Dade County_,Florida to Wilbert Harborn 1,479 08, 1-9-5 3 . May 5 Edward L.Stockdale and The Union National Bank of Pittsburgh,Executors of the Estate of Walter H.-.. Baker,Deceased ,Unused portion of funds reserved for Income Tax 121 06 195 6 April 11 Proceeds sale I Proportionate share of Interest in Coal in Marshall County,West Virginia 4 70 1 962 Nov.26 Net proceeds sale -1/4 of 1/2 share Lot in Crafton Borough,Pennsylvania 57 53 1,662 37 ! I I -5- -------------------------...,...-------------- •·f -••17'.A I I . • ESTATE OF WALTER H.BAKER,DECEASED , Purchase of Assets , Stocks Aluminum Company of America 3.75%Preferred 4/9/52 50 shares at 96 1/2 4,845~30 American Telephone and Telegraph Company '. Capital I 2/14/5825 shares at 1723/8 4,321.87 2/17/58 5,shares at 172 5/8 868.43 3/21/61 5 shares at 86 (through 90 Rights received and exercised 430.00 and 10 Rights purchased 4/18/61 21.20--35 shares·5,641.50 f Armstrong Cork Company $3.75 Preferred 4/15/52 50 shares at 98 4,918.88 Atlantic Richfield Company (formerly Atlantic Refining Company) 3.75%Preferred 4/17/52 10 shares at 99 and 40 shares at 100 5,010.20 5/15/64 6 shares at 84 511.14 5/20/64 2 shares at 84 3/4 171.20 6/2/66 3 shares at·79 3/4 241.65 6/3/66 6 shares at 79 480.91-67 shares 6,415.10 Cyclops Corporation (formerly Un~versa1 Cyclops Steel ! Corporation) Common 2/5/59 0.08 share 2.92 2/22/60 0.50 share 21.63 2/14/61 0.56 share 19.89 2/16/62 0.26 share 9.10-- 1.40 shares 53.54 , -6- ---- r-.' Stocks (continued) Purchase of Assets (continued) ::..::::::::.=.~::::--=:_-:-".::::;::._====::=.:====E=S=T7A=TE=OF=·W=A=LTE=R=H=.=BA=KE=R=,=D=E=CEA=SE=rD=:::::,=====;====n:======r==: ~.' . I 899.25 603.70 2,311.05 2,323.57 9,345.66 2,141.85 1,066.24 E.I o duPont deNemours and Company $3.50 Preferred 2/18/53 22 shares at .97 6/10/54-6 shares at 99 3/4 2/24/56 9 shares at 99 9/24/56 25 shares at 92 1/2 9/28/56 25 shares at 92 "9/24/57 13 shares at __811/4 100 shares ,i' Duquesne Light Company Common 4/9/58 100 shares at 37 1/2 3,783075 Duquesne Light Company4%Preferred 11/18/55 85 shares at 52 1/2 4,496.71 12/6/55 10 shares at 52 3/4 532.80 2/21/56 5 shares at __52 3/8 265.40 I 100 shares 5,294.91 General Foods Corporation $3.50 Preferred 4/10/52 50 shares at 96 4,817.80 General Motors Corporation Common 3/4/55 4 shares at 75 (through 92 _ Rights received , and 80 Rights exercised)300000 Gulf Oil Corporation Common 11/17/69 10 shares at 32 7/8 and 333070 430 shares at _32 3/4 14,218.76 440 shares 14,552.46 ·1 I i I . IIII I.: I' I I I I - 7 - •;'.\ .. , ...,---~,--~.~--'-----"-'-_...~ESTATE OF WALTER H.BAKER,DECEASED .-.._._..•..~_...-~-_.-..__._---- Purchase of As~ets (continued) Stocks (continued)" :MontgomerY Ward and Company , Common 6/24/53 12 shares at 59 5/8 719.34 6/26/53 5 shares at , 59 7/8 302 018 , 7/3/53 8 shares at 59 3/8 479048 I25shares1,50LOO Texaco,Incorporated Capital I 3/16/51 24 shares at ,I 92 1/8 2,221086 2/1/52 10 shares at 58 1/2 588 018 2/7/52 8 shares at I.58 3/4 473.87 I11/29/54 25 shares at I I843/4 2,129.62 12/14/54 6 shares at I 85 516 010 , 1/17/58 0.64 share 39044 1/27/60 0050 share 39059 1/25/61 0036 share .31 060 . 74.50 shares 6,040026. The Union National Bank of Pittsburgh . Capital 4/7/64 0.89 share 35 060 , i..Vasco Metals Corporation II(formerly Vanadium-Alloys IISteelCompany)I Capital II 3/20/63 .00 10 share 3.31 I , I I ,,.III I IIIiI.I.I !I !I I . j I IIIII,.I I I I ·1 I ! I IIj I I- 8 -I. - .~. •••••,.,••A' ESTAm OF WALTER H BAKER DECEASED..._..__....•_--.._...,.--.---_._..._."-..'--'._.-- Purchase of Assets (continued) Bonds .. United States of America Certificates of Indebtedness Series E,1 7/8% 4/7/52 $11,000 dated 10/15/51 due 10/1/52 at 100.216108 11,023078 United States of America Treasury· Notes Series C,3 7/8% 11/15/63 $10,000 dated 11/15/63 due 5/15/65 at 100 10,000000 1 Vnited States of America TreasuryI I Notes 5% 5/19/66 $11,000 dated.2/15/66 due 11/15/70 at 100021 11,107032 United States of America Treasury I Notes 7 1/2%I11/13/69 $40,000 dated 10/1/69 Idue8/15/76 I I' at 102 3/4 41,100000 United States of America Treasury Bills,11/20/69 $1,000 dated 11/20/691due5/21/70 961.99 141,742.16 Cash disbursed for purchase of'the above assets 141,742.16 .1I 0 001I I . I ·1Ii!. I I I •I•IIi i - 9 - IIII_. •r I,,..""t... I I ESTATE OF WALTER H.BAKER,DECEASED ~----_._--.~..~..----.__..._ow_,___._._._---- Received Through Consolidation -, Received through consolidation with Commonwealth Bank and Trust Company as,Stockholder of record February 28,1964 ofI200sharesTheUnionNationalBankof Pittsburgh Capital Stock 78.11 shares The Union National Bank of Pittsburgh Capital,Stock o 00 Received through consolidation with Peoples Union Bank and Trust Company as Stockholder of record December 31,,1969 of :, 279 shares The Union National Bank of,.Pittsburgh Capital Stock 76.59945 shares The Union National Bank of Pittsburgh --Capital Stock o 00 0 00 Liquidating Distribution of Assets Citizens National Bank of Washington, Pennsylvania Payments First and Final liquidating distribution on 26 shares Capital Stock I I1/3/51 $12.00 per share 3120 00 I11/11/52 100 00 per share 260.00 4/19/55 7.00 per share 182<00 II· 12/23/59 80 08 per share 210 0 08 9640 08 Carrying value 0,00 I 964 I " 081 Stock Rights Received I I Anaconda Company I 2/20/57 55 Rights allocated value o 00 ,- I IIII American Telephone and Telegraph Company i I 3/13/61 90 Rights allocated value I exercised 0.00 I 3/5/64 95 Rights allocated value 0.00 IIIc00III I, Ij i ,-10 - II.- •I I I =:::=-=:-=:.;~~._:_===:::--==========E=S=TA=TE==·=OF===W.=AL=TE==R~H~.~BA~KE~R~,~DE~CEA~~SE~D~===::::;::==;::;::===_::.:.::.__=_....::_:.::._..~..::-=:.:.= Stock Rights Received (continued) Columbia Gas System,Incorporated 12/13/51 39 Rights allocated value 1078 3/5/54 39 Rights allocated value 5040 70 18 Carrying value of Common Stock reduced to reflect above allocation o 00 General Motors Corporation 3/4/55 92 Rights allocated ~lue 80 Rights exercised 0 00 The Union National Bank of Pittsburgh 3/23/54 200 Rights allocated value .283 011 Carrying value of Capital Stock reduced to reflect above allocation 283.11 o 00 I • I .Vanadium Alloys Steel Company 6/12/57 134 Rights allocated value Gain on Sale of Stock Rights Anaconda Company Proceeds sale 3/21/57 55 Rights Allocated value American Teleph9ne and Telegraph Company Proceeds sale 4/6/64 95 Rights Allocated value Columbia Gas System,Incorporated Proceeds sale 12/13/51 39 Rights 5/5/54 39 Rights Allocated value -11 - 192077 0.00 20 05 7092 9.97 7.18 o 00 130 (Xl 192 7/ 2 7<. o 00, I III . ! I.I·.I II ·1 I .'.,~... ESTATE OF WALTER H BAKER DECEASED-_.,___0.__•___..,._..---~"-_.._. I -- I Gain on Sale of Stock Rights (continued) I General Motors Corporation Proceeds sale 3/28/55 12 Rights 13.69 Allocated value 0.00 13 69 The Union National Bank of Pittsburgh I I Proceeds sale I 3/26/54 200 Rights 324075 Allocated value 283.11 '.6~41 , Vanadium Alloys Steel Company Proceeds sale 6/14/57 134 Rights 179 002 Allocated value 0.00 179 0; I 560 59' Stock Splits and Stock Dividends .Anaconda Company Common Received as a Stock Split 6/20/67 2 for 1 on 55 shares held 55 shares 0 00 American Telephone and Telegraph Company .Capital IReceivedasaStockSplit 6/8/59 3 for 1 on 30 shares , .1held60shares 7/6/64 2 for 1 on 95 shares I.held 95 shares 155 shares 0 00 1I II '.- j , I II II I I , I I I I.i I i -12 -II I- •.'.''''I'A ESTATE OF WALTER H.BAKER,DECEASED:=====================:~~~==:=r=:::;;:::==-='----'--'--'---"'--r-Stock Splits and Stock Dividends (conti?ued) =:.7=-.:::-...::-·.·-,.·=--- 397050 share 409044 share 385.92 share o 00 387.36'share 421074 share 8,457096 share Cyclops Corporation Common . (formerly Universal Cyclops Steel.Corporation) Received as a Stock Split 7/18/57 2 for 1 on 6,456 shares'.,'hel(i'-"6,456 Received as a Stock Dividend 1/27/58 3%on 12,912 shares ,.held 1/19/59 3%on 12,864 shares held 1/26/60 3%on 13,250 shares h"eld 1/23/61 3%on 13;648 shares held 1/26/62 3%on 14,058 shares held Duquesne Light Company Common Received as a Stock Split I~ 1/26/59 2 for 1 on 100 shares I held 100 shares a 00 IGeneralMotorsCorporation Common I Received as a Stock Split I1/22/51 2 for 1 on 46 shares held 46 shares 11/11/55 3 for 1 on 96 shares held 192 shares 238 shares a a National Steel Corporation Capital Received as a Stock Split 2/16/62 2 for 1 on 149 shares held 149 shares a a ·1 IIIiIII I I 1 ' ·1 I I I -13 - ••.•"'eA ::.=:':':'=:::.::_=:_::_':::.:'":_::",='_==__=======E=S=TA=TE==OF='=,,=WA=L=TE=R===H=.=BA=KE=R~;=D=E=CEA~SE~I:===:=;==;:;======:::=;= Stock Splits and Stock Dividends (continued) o 00 shares shares shares shares shares shares shares55 339 159 Texaco',Incorporated Capital Received as a Stock Split 6/15/51 2 for 1 on 55 shares held 6/20/56 2 for 1 on 159 shares held Received as a Stock Dividend 1/7/58 2%on 318 shares held 12/30/59 2%on 325 shares held 12/29/60 2%on 332 shares held Received as a Stock Split 8/15/61 2 for 1 on 339 shares held Received as a Stock Dividend 12/16/64 5%on 678 shares held 33.90 Received as a Stock Split 8/21/69 2 for I on 678 shares,held 678 shares----1,284.40 shares The Union National Bank of Pittsburgh,Capital ', Received as a Stock Split ' 3/23/54 10 for 1 on 20 shares,held 180 shares United States Steel Corporation Common 'Re~e~ved as a Stock Split7/5/55 2 for 1 on 520 sharesheld 526 shares o 00 o 00 -14- shares share share share, share shares shares shares shares 0 00 Vasco Metals Corporation (formerly Vanadium Alloys Steel Company) Capital Received as a Stock Split 6/4/51 2 for 1 on 65 sharesheld 65 Received as a Stock Dividend 3/3/54 1%on 130 shares held 1.30 6/3/54 1%on 131 shares held 1 Cash received in lieu of fractional share 9/3/54 1%on 132 shares held 1'Cash received in lieu of fractional share 12/2/54 1%on 133 shares held 1 Cash received in lieu of fractional share 6/3/60 3%on 134 shares held 4Cashreceivedinlieuof fractional share 3/6/63 5%on 138 shares held 6090 Received as a Stock Split 1l/19/65 2 for 1 on 145 shares held 145 225 020 (Cash received in lieu of fract~onalsharesconsideredtobeIncome) I, II, iI iIII"!I "' I o 001, III .-- ESTAiE OF WALTER H.BAKER,DECEASED of Fractional·SharesReceived as a nd .- - sale -0030 share etals Corporation Stock 60 32 value 5094- 38 sale -0.36 share s Corporation IStock8.87 value 2067- 6 20 I sale -0090 share ,Incorporated 1 Stock·78097 value 9.99 68 98 I I 75 5E for Exchange ed I I United States of America Treasury I Notes Series D 1 1/4%dated , 6/1/50 due 7/1/51 Carrying value 31,006062 in lieu of above United States of America Certificates of Indebtedness, ISeriesA-1952,1 7/8%dated 6/15/51 due 4/1/52 31,038075 I 32 13 I I I I II . I II I I I i i I . I ! -15 - Proceeds Cyc10p Common Carrying Proceeds Vasco M Capital Carrying Proceeds Texaco Capita Carrying Received $31,000 Surrender $31,000 Surrendered Gain on Sale Stock Divide 1 9 5 1 June 26 1 9 6 4 Dec~23 1 9 5 8 Feb.5 1··--···_·······__·- --_.1--···._._..___.- I I 1 1954 ;May 4 ""'t .'-''''.. ESTA'IE oF WALTER H.BAKER,DECEASED ;7-=;::==:::::::=:::;-.::-_:.::=-=====.::====:::::::::==============~====r::======r=:=:;;:::::======;:::::::=;;=I 1 9 5 .3 Dec.7 Surrendered for Exchange (continued)_ Surrendered $11,000 United States of America Treasury Notes Series A-195J,21/8%dated 10/1/52 due 12/1/5.3 Carrying value 11,005G16 Received in lieu of above $1l,000 United States of America Treasury Notes,Series B-1954 1 7/8%dated 12/1/5.3 due 12/15/54 1l,0.30.94 25 78 1 9 5 6 DecG 12 1 9 5 9 Aug.14 Surrendered $10,000 United States of America Certificates of Indebtedness, Series D 1956,2 5/8%dated 12/1/55 due 12/1/56 Carrying value 10,000GOO- Received in lieu of above $10,000 United States of America Certificates of Indebtedness, Series D 1957,.3 1/4%dated 12/1/56 due 10/1/57 10,012.50 Surrendered $10,000 United States of America Certificates of Indebtedness; 1 5/8%dated 8/1/58 due 8/1/59 Carrying value 10,000.00 Received in lieu of above $10,000 United States of America Treasury Notes,Series C - 1960 4 3/4%dated 8/1/59 due 8/15/60 10,050.00 -16 - 12 50 50 00 II -I: I ,1 i-,- I- .) I! iI - I i II'I II II- -----~-l ..., -.'...~'.".. ESTATE OF WALTER H.BAKE;R.DECEASED for Exchange (continued) .. nited States of America Certificates of Indebtedness,3 1/8% ted 8/15/60 due 8/1/61 arrying value 10,000.00 lieu of above . nited States of·America reasury Notes,Series H, 962 3 1/4%dated 8/1/61 .1ue11/15/62 10,029.69 I 29 6S nited States of America reasury Notes 3 7/8% ted 11/15/63 due 5/15/65 I arrying value 10,000.00 lieu of above nited States of America reasury Notes,Series A- 966,4%dated 2/15/62 , ue 8/15/66 9,996.09 ash 15.00 10,011.09 11 OC 161 19 f Assets Without Gain or Loss I satisfaction I I 29 Demand Note of Clarence W. I I Hildebrand,Josie H.Hildebrand .I and Mrs.Walter Sprowls dated I I 6/2/30 109.43 ! alue 109043 I000 .. I I I II I i, I iI I I -17 -III,I-------- •• Carrying v Proceeds ·$1,967. Received in $10,000 U T 1 d C Surrendered $10,000 U T "da 'C Surrendered $10,000 U da C Received in $10,000 U T 1 d Conversion 0 Surrendered 1 9 5 3 May 5 1 9 6 5 May 20 1 9 6 1 Aug.2 .~_.-..._-,~.__.__._... ~-"~'-----...-- --.''•........'7'·.A " j I . -.--.,-._------ESTATE OF WAL'IER H.BAKER"DECEASED._•••._._.'__.0.'---.-.- Conversion of Assets Without Gain or Loss (continuec ):. Payments in'Full - Participation in unpaid balance of $900 Demand Promissory Note of John Bg Bigler dated 12/24/41 Interest rate 6%.Principal payments 1/12/62 to 7/16/63 on unpaid balance 76.02 Interest 12/24/41-6/26/47_33.02 109 g04 Carrying value 109 g04 I 0 00 0 00 Gain on Sale and Conversion of Assets . 1 9 5 2 Jang 22 Net proceeds sale -13 shares i Harbison-Walker Refractories Company Common Stock at 30 1/2 391.83 Carrying value 280072 . 111 11 I Net proceeds sale -4 shares Life Savers Corporation Capital Stock at 36 7/8 145027 Carrying value 127.00 18 2'1 , Augg 5 Proceeds redemption -1 share .1·George Washington Hotel Corporation I5%Cumulative Preferred Stock 50.00 I rCarryingvalue9.00 41 O( I 1 9 5 ~ June 1~Net proceeds sale -26 shares IHudsonBayMiningandSmeltingCompany, Limited Capital Stock at 42 1,081.44 I ICarryingvalue,971 075 I .. 109 6c I I ;! -18 - - - - ·.~·.~'7~.A· ./ III I I "T-- .. .__..-.._-_...-----_.-_..""ESTATE OF WALTER Ho BAK.ER,DECEASED.R·_..__.._._._..___._-- Gain on Sale and Conversion of Assets (continued) 1 9 5 3 June 30 Net proceeds sale -10 shares Pure Oil Company :Common Stock at 51 5/8 510 030 Carrying value 246 025 264 05 195 4 Nov.18 Net proceeds sale -38 shares Montgomery Ward and Company Common Stock 13 shares at 70 3/4 and 25 shares at 70 7/8 2,669 019 Carrying value 2,258025 I 410 9~ 195 5 Nov.2 Proceeds redemption -50 shares General Foods Corporation . $3.50 Cumulative Preferred Stock at 101 .5,050000 Carrying value 4,817.80 232 2C 1 9 5 E Septo 5 Net proceeds sale -39 shares Columbia Gas System,Incorporated Common Stock 25 shares at 17 7/8 and 14 shares at 17 654.69 Carrying value 417033 237 3l Net proceeds sale -26 shares Chesapeake and Ohio Railway I·Company Common Stock 25 shares at 64 1/8 and 1 share at 63 7/8 1,653.69 Carrying value 1,168.37 485 3 I I I I I I ,-19 - ".:. :':.-...Z!.".~. I . I I I i I. I i ESTATE OF WALTER H BAKER DECEASED-~.-_.._------•,r .....__...._--._...__..- (continued)] -_.._-- Gain on Sale and Conversion of Assets 1 9 5 6 Sept.6 Net proceeds sale -20 shares Steriing Drug,Incorporated Common Stock at 54 "'1,070,49 Carrying value 798.75 271 74 Sept.27 Net proceeds sale -5 shares Donley Brick Company Capital Stock at 180 900.00 CarI,'ying value 350.00 550 00 1 9 5 8 Jan.10 Net proceeds sale -70 shares Cyclops Corporation Common Stock 20 shares at 21 7/8 20 shares at 22 1/4 I10sharesat227/8 and 20 shares at 23 1/8 1,552051 Carrying value 519028 1,033 23 Jan.20 Net proceeds sale -20 shares Cyclops Corporation . Common Stock at 22 7/8 451.39 Carrying value 148037 303 02. Jan.21 Net proceeds sale -10 shares Cyclops Corporation Common Stock at 22 3/4 224045 Carrying value 74018 150 27 Jan.23 Net proceeds sale -20 shares , Cyclops Corporation I Common Stock 10 shares at 23 1/4 and I 10 shares at 22 7/8 455.12 I Carrying value 148.37 II 306 75 -II I I ! I ! I I-20 -I I. _. "". ~'71'.• , _._~-_.~~._-~.---...._.-ESTATE OF WALTER H.BAKER,DECEASED _."---'-_.-.-..._-- Gain on Sale and Conversion of Assets (continued) 1 9 5 8 Jan.23 Net proceeds sale -20 shares Cyclops Corporation Common Stock 10 shares at 23 3/8 and 10 shares at 23 457 061 Carrying value 148037 309 24 Jano 28 Net proceeds sale -20 shares Cyclops Corporation Common Stock at 23 7/8 471028 Carrying value 148037 322 91 Net proceeds sale -10 shares Cyclops Corporation ,Common Stock at 24 1/2 241087 'Carrying value 74018 167 69 Net proceeds sale -10 shares Cyclops Corporation Common Stock at 24 1/4 239037 Carrying value 74,18 165 19 Net proceeds sale -25 shares Cyclops Corporation Common Stock at 24 3/4 610.88 Carrying value 185046 425 42 Feb,4 Net proceeds sale -80 shares Cyclops Corporation Common Stock 50 shares at 24 10 shares at 24 3/4 and' 20 shares at 25 1,922,47 Carrying value 593,,46 1,329 03 .. -21 - ._---• III I'I I I I II III .1 IiII i· I iI II ..'..,.-..~~,''.: =.::::.:::.::.:::=:.__.:..::=_-==-_._.:-=:--==--==.:..::...._:===E=ST:=A='I'E===:O=!F:=:::::;WAL==:'I'E=R==H=.=B=AKE==R~·,=D:=iE::::CE:=A=SE==;D;=·======:r=:::;:;::::=====r=-=-r== Gain on Sale and Conversion of Assets (continued) 11 9 5 8 'Febo 10 Febo 13 I I .Feb.25 Mar.10 Maro 17 Net proceeds sale -15 shares Cyclops Corporation. Common Stock at 24 1/2 Carrying value Net proceeds sale -10 shares Cyclops Corporation Common Stock at 24 3/8 .Carrying value Net proceeds sale -25 shares Cyclops Corporation Common Stock at 23 Carrying value Net proceeds sale -15 shares Cyclops Corporation Common Stock at 22 1/2 Carrying value Net proceeds sale -15 shares Cyclops Corporation Common Stock at 22 7/8 Carrying value Net proceeds sale -20 shares Cyclops Corporation Common Stock 10 shares at 23 1/4 and 10 shares at 23 1/2 Carrying value -22 - 362080 111027 240 062 740 18 567035 185046 332095 1110 27 338.,53 111027 461034 148038 251 53 166 44 381 89 221 68 227 26 312 ,96 I I I .I I I I I !II I IIi!I I III i I I I ------------------------------------------------------------ -.• _:=::.=:.:7.:.=::.::~:.:=_::=--======_=====E=S=T=.:ATE===OF===:WAL==:TE:==R::::::::::H:::o=B=AKE::::::::R~,=D=E=CE==ASE==;:D======;===;:;::=====;==:.:;== Gain on Sale and Conversion of Assets (continued) 1 9 5 8 Mar o 19 Maro 21 Mar~28 l 9 6 4 :Apro 7 1 9 6 6 Apr o 28 1 9 6 7 Jano 18 Net proceeds sale -15 shares Cyciops Corporation Common Stock at 23 3/4 Carrying value Net proceeds sale -25 shares Cyclops Corporation Common Stock 15 shares at 24 and 10 shares at 24 3/8 Carrying value Net proceeds sale -10 shares Cyclops COrpOration Common Stock at 24 Carrying value Proceeds sale -142 shares Dunn-Mar Oil and Gas Company Capital Stock at 30 00 Carrying value Net proceeds sale -290 shares Vasco Metals Corporation Capital Stock at 41 3/4 Carrying value Net proceeds sale - 7 shares Atlantic Richfield Company 3075%Preferred Stock -5 shares at 78 and 2 shares at 77 1/4 Carrying value -23 - 351060 111028 595096 185045 4260 00 -284000 11,980001 2,597.37 535 019 485 0 08 -240 32 410 51 162 71 - 142 00 9,382 64 50 11 II II -- I , II I I I- ,- II i - -, . i Ii.! i ;j. i _ I -;I -', I i_~I I' I II I ESTATE OF WALTER H.BAKER'DECEASED-- ,- on Sale and Conversion of Assets (continued), et proceeds sale -1,052 shares United States Steel Corporation Common Stock at 37 1/4 39,187 000 arrying value 11,681058 27,505 1;-. roceeds sale -5,shares George Washington Hotel Corporation,Common Stock at 10 50.00 arrying value 12.50 .I 37 5C 46,737 38 ell'aneous acondaCopper Company INon-Taxable Dividends 1/1/49 to 12/31/54 212043 I arrying value of Capital tock reduced to reflect bove dividends 212043 I 0 o~I 221,601 49 DISBURSEMENTS I I nistrative Expenses I i nternal Revenue Service I II,i1950FiduciaryIncomeTax862I, I I l leanor Go Braun I ! I I Notary's certification re Bill of I, complaint in matter of sale of I I property -1/8 share 0 12 I I I ames Ho Douglas,Register of Wills Ii Exemplification of Record 1/8 share 1 106 I i iI -24 -iII J I E C S a C C p Admi Misc Gain Septo27 1 9 5 1 Mar 0 16 1 9 5 5 Nov.11 An 1 9 6 9 Novo 12 N \.- ~.,j '0:.~. :.•.'7'.A ,I '::"::'==~:.:'=-":::::'_'_'_:::-.:.:__-=-_""7_--=-_--::.=-===E=:ST=A=TE===:O:=F::::WAL==:TE==:R==:H:=.===:BAKE===R!::,=DE=CE==A=SE=iD~====:::::r===;:;:=====;:=:=..:;::= Administrative Expenses (continued) i I,I iI I ! 1 9 5 2 Feb.8 May 17 1 9 5 3 Mar.13 Dec.16 1 9 5 4 Jan.18 1 9 5 5 Dec.'7 1 9·5 6 Fep~21 June 12 Sept.18 1 9 5 7 Jan.15 Oct.29 Henry K.Gibson Expenses in re sale of Lot #5,Block No.1 LaGorce Island,Dade County, Florida -1/8 share Internal Revenue Service 1951 Fiduciary Income Tax Internal Revenue Service 1952 Fiduciary Income Tax Internal Revenue Service Income Tax for fiscal year ending 9/30/53 Internal Revenue Service Additional Income Tax for fiscal year ending 9/30/53 Stock Transfer Tax on 10 shares Duquesne Light Company 4%Preferred Stock Stock Transfer Tax on 5 shares Duquesne Light Company4%Preferred Stock Stock Transfer Tax on 9 shares E.I.duPont deNemours and Company $3.50 Prefe~red Stock Stock Transfer Tax on 5 shares Donley Brick Company Capital Stock Internal Revenue Service 1956 Fiduciary Income Tax Smith,Buchanan,Ingersoll,Rodewald and Eckert Telephone calls to Chicago,Illinois re sale of Cyclops Corporation Stock -25 - 108 99 14 73 18 7~ 19 2S 5 5L a lC a at a 1( a 4( 121 5 1 1 II I J j i i I I I I I, I, I i I I ,-;'':"........~~" 67 92 Buchanan,Ingersoll,Rodewald,Kyle and Buerger . Professional services from May,1956 to September,1958 re sale of Cyclops Corporation Stock Administrative Expenses (continued) 1 9 5'8 Nov.3 =-""7:':.:::..:::__.:..:"7.~..::.:::._:_=-::=-.=-=~-=-=_-=.:._:=--====E=ST=A=TE=O::::F=WA:::=::L::::TE=R==H::::.=B=~=R=,=D=E=CE=A~SE===D====:;=:::::;::;::====:::::;=:::II 1 9 ·5 9 Jan.15 Internal Revenue Service 1958 Fiduciary Income Tax 651 33 1 9 6 3 Jan.10 John Gilfillan,Esq. Proportionate share attorney's fee re sale of lots in Crafton'Borough, Pennsylvania 3 75 1 9 6 4 Apr.3 1 9 6 7 Jan.17 1 9 5 2 Oct.9 Stock Transfer Tax on 142 shares Dunn-Mar Oil and Gas Company Capital Stock Internal Revenue Service 1966 Fiduciary Income Tax Loss on Surrender for Exchange Surrendered $11,000 United States of America Certificates of Indebtedness, Series E 1 7/8%dated 10/15/51 due 10/1/52 Carrying value 11,023.78 Received in lieu of above $11,000 United States of America Treasury Notes,Series A- 1953 2 1/8%dated . 10/1/52 due 12/1/53 11,005.16 °li i 749 91 1,773 . 5° I I II, II I IIIII'iI I 18 62 i I,IIIi IIi j I .j i j i, I -26 - 11....-__---:.-'------'-----'-'--_ ---------~---_.-~~--- •.:,.:' .,.."••& i'I I, I I ESTATE OF WALTER H.BAKER,DECEASED '; 1,954 Dec.17 Loss on Surrender for Exchange (continued) Surrendered $11,000 United 'States of America Treasury Notes Series B - 1954,1 7/8%dated' ,12/1/53 due 12/15/54 Carrying value , Received in lieu of above, $11,000 United States of America Certificates of Indebtedness" Series E-1955 1 1/4%dated 12/15/54 due 12/15/55 11,010.31 20 63 Received in lieu of above $10,000 United States of America Certificates of Indebtedness, 4%Series C-1958 dated 8/1/57 due 8/1/58 10,009.38 I I I! ! II, I iIIII,! ! i ,I i! ' I I 3 12 9 37 1, i t I I10,012.50 Surrendered ~ $10,000 United States of America Certificates of Indebtedness, Series D-1957 3 1/4%dated 12/1/56 due 10/1/57 Carrying value I; Received in lieu of above ! $10,000 United States of America i 'Certificates of Indebtedness,',I, Series D-1956,2 5/8%dated 12/1/55 due 12/1/56 10,000.00 Surrendered $10,000 United States of America Certificates of Indebtedness, Series E -1955 1 1/4%dated 12/15/54 due 12/15/55 Carrying value 1 9 5 7 Aug.5 1 9 5 5 Dec.13 -27 - • • 0 --'-'--'._-'.,,--~._..ESTATE OF WALTER H.BAKER.DECEASED_..__..__...".•,~Loss on Surrender for Exchange (continued) .1 9 5 8 I Aug.11 Surrendered o. J$10,000 United'States of America Certificates of Indebtedness, 4%dated 8/1/57 due 8/1/58 Carrying value 10,009038 ~1 Received in lieu of above >.,$10,000 United States of America~.~Certificates of~.«(...•Indebtedness,1 5/8% "dated 8/1/58 due 8/1/59 10,000000 ., 9 38 1 9 6 0 Aug.16 Surrendered $10,000 United States of America Treasury Notes Series C- 1960 4 3/4%dated 8/1/59 due 8/15/60 Carrying value 10,050000 Received in lieu of above $10,000.United States of America Certificates of Indebtedness,Series C- 1961, 3 1/8%dated 8/15/60 due 8/1/61 10,000000 I5000 1 9'6 2 I Nov;5 Surrendered $10,000 United States of America Treasury Notes,Series H- 1962,3 1/4%dated 8/1/61 due 11/15/62 Carrying value 10,029 0 69 IReceivedinlieuofaboveI $10,000 United States of America ICertificatesof Indebtedness,Series D-I.I1963,3 1/8%dated i 11/15/62 due 11/15/63 10,025.00 I! 4 69 III t;.II i !I iI -28 -I I I I . I 9,9960 09 45000 11 9 6 6 Feb.16 • ,yt·'~~~..,.f'1\." ('~-,~.,...':,.."\ , L ..•• y~"Surrendered ~'..'. $10,qOO"United ;S'tates of America ,.Treasury Notes Series A-1966,4% dated 2/15/62 due 8/15/66 Carrying value Cash ,------------~-------------~---------------------- !.,_._....__.._._..--ESTATE"OF WALTER H.BAKE..&.DECEASED1-·'-_--_-_._-_._-._- Loss on Sale and Conversion of Assets (continued) 1 9 5 2 Apr.2 Proceeds maturity -$31,000 United States of America Certificates of Indebtedness,Series A-1952 1 7/8% dated 6/15/51 due 4/1/52 at 100 31,000 000 Carrying value.31,038075 38 7 195 5 Febo 28 Proceeds sale -$1,000 United States of America Certificate of Indebtedness, Series E-1955 1 1/4% dated 12/15/54 due 12/15/55 at 99 23/32 997019 Carrying value 1,000094 3 7 1 9 5 6 June 14 Proceeds satisfaction -$10,000 Demand Promissory Note of John Bo Bigler dated 12/26/45 with interest at 2%1,297050 Carrying value 1,336042 38 9 1 9 6 3 Nov y 15 Proceeds maturity -$10,000 United States of America Certificates of Indebtedness, Series D-1963 3 1/8%dated 11/15/62 due 11/15/63 at net 10,000.00 Carrying value 10,025.00 25 0 1 9 6 9 Nov.12 Net proceeds sale -50 shares Aluminum Company of America $3.75 Preferred Stock 30 shares at 54 3/8 and 20 shares at 54 1/4 2,688.13 Carrying value 4,845.30 2,157 1 -30"":· Jj.. ! I ,.----------------------------------, iIII I III I, i!I, ~ _···__M.6_••••__••_•.•_"_ESTATE OF WALTER H.BAKER,DECEASED.-"_,_,,.___M_·~__..••••....--,-.--_..-- ,.Loss on Sale and Conversion of Assets (continued). 1 96'9 I Nov.12 Net proceeds sale -60 shares Atlantic Richfield Company 3.75%Preferred Stock 45 shares at 53 and 15 shares at 53 1/2 3,152.31 .. ~Carrying value 5,930.02- I.:...."..oW"2,777 71 .'Net proceeds sale -100 shares Duquesne Light Company 4%Preferred Stock at 28 2,761.95•Carrying value 5,294.91 , \"~·.1 2,532 96 Net proceeds sale -13 shares Pittsburgh,Fort Wayne and."Chicago Railway Company 7% Preferred Stock 10 shares at 96 1/4 and 3 shares at 95 1/2 1,235.75 Carrying value 2;249.00 1,013 25 Nov.14 Net proceeds sale -50 shares Armstrong Cork Company $3.75 Preferred Stock at 56 2,772.30 Carrying value 4,918.88 2,146 58 Net proceeds sale -100 shares E.T.duPont deNemours and Company $3.50 Preferred Stock at 53 5,250 0 59 Carrying value 9,345.66 4,095 07 -.31 - ------ J I I II II i14,962 211Ij !. I. , i' I j.r-- "."'.,A ..... T-- I ESTATE OF WALTERH BAKER DECEASED::,:::==:....:.=.::.~::..R..:=::~_.:.:::.=:. ., --- r ---_.:::-.:::::-,;=_:::::- Charged Off -(Accrued interest to 7/16/63 cancelled) I:;.....c-~Interest 12/24/41 -6/26/47 on : .~.""'~. ~,'rt.-t~!:~.:!~~:-..Participation iri unpaid balance of.~."I"$900 Demand Promissory Note of John Bo Bigler dated 12/24/41 , interest rate 6%33 02 Distribution To Income -Personalty Account for distribution to Income Beneficiary of Stock Dividend Shares ("in kind"or I I the proceeds sale thereof)deemed to be I I Income under the Principal and Income: I !Act of 1947 as amended September 30,1963 I Cash Proceeds sale I 1/13/65 00 90 share Texaco;Incorporated ! I iCapitalStock789~I I I Stock I 3/2/65 33 shares Texaco,IncorporatedI I ;Capital Stock 366 H I IIiI 15\I j 4451 i I 17,367 6~ I I i' I I III I -I I I I III IIIIII I . I i f I! ,-,III I I,! I II !,"i.. -32 - - .' ....' •.•- r---.,.,... SCHEDULE B INCOME PERSONALTY ,:.:_~::==_::.=:~-=:,,_,_,_:::-:==:::.===;.:====E=S=TA=TE==O=F.=·=WAL==TE=R===H~.=B:=AKE==_R~,=D=E~CE=A=SED~.~=====j==n=====:::;:==;r:=,'::__ , i, $445.15 being Distribution from Principal to Income'BeneficiarY of Stock Dividend Shares ("in kind"or the proceeds sale thereof)deemed to be Income and all Income received and Disbursements made fromDece~ber 18,1950 (date of Decree of Distribution)to September 30,1969 (date of last Quarterly Statement)have been accounted for by Quarterly Statements rendered' Walter B._W~imer,income beneficiary R E C·E I P T S Balance in accordance with last Quarterly Statement ending September 30,1969 4,500 00I! I I I I 1 1I-; I Income received subsequent to statement ending September 30,1969 Dividends ~Stocks Aluminum Company of America $3~75 Preferred 50 shares 10/1/69 American Telephone and Telegraph Company Capital' 190 shares 10/2/69 Anaconda Company Common 110 shares 12/30/69 Armstrong Cork Company $3.75 Preferred 50 shares 12/15/69 Atlantic Richfield Company 3.75%Preferred 60 shares 11/3/69 Cyclops Corporation Common " 14,480 shares 12/30/69 E.I.duPont deNemours and Company $3.50 Preferred 100 shares 10/27/69 -33 - 46 87 114 00 52 25 56 25 6,878 00 87 50 I ! I I I I·IIi Iii ii, I I ! III i ,. •~:.,..•''1''A , ,.I I I ! ~ ".. , I I .~~......._--...•..__.....-_.....-...-ESTATE OF WALTER H..BAKE~,DECEASED J .._....__..-...'_._...._._._-..------ Dividends -Stocks (continued)! \;I I j'Duquesne Light Company"I Common 200 shares 10/1/69 83 00 I I Duquesne Light Company I 4%Preferred 100 shares 10/1/69 50 00 I General Motors Corporation I Common I,288 shares 12/10/69 432 00 I ' National Steel Corporation I Capital 298 shares 12/12/69 186 25 I Pittsburgh,Fort Wayne and Chicago I Railway Company 7%Preferred 13 shares 10/8/69 22 75 iI Texaco,Incorporated ; ICapital 1,356 shares 12/15/69 542 40 I The Union National Bank of Pittsburgh Capital 279 shares 12/29/69 153 45 I United States Steel Corporation i , I ,ICommon 1,052 shares 12/10/69 631 I20I Interest -Bonds 9,382 1 79 1 , I United States of America Treasury Notes,5%, ! $21,000 5/15/69 -11/15/69 '. ' i I 5251°°1' I 14.407[79 1I .I I I I !! I I IIII I I !I I I" IIj I 0'I ;- I ) i , Ij I -34 -I III I •~ .-:..\, ·r-.".... ESTATE OF WALTER H.BAKER DECEASED•--.-.-'::::"'-,=:::':::'.... ! iDISBURS E ME NT S I Ii IeExpenses, terest on States of America Treasury Notes,, : 00 8/15/69 -11/12/69 rchased 11/13/69 !342 39 National Bank of Pittsburgh ant's compensation 191 31 I 533 70 I I I On accordance with , ISixth(e-2)of the Will "I IIIBgWeimeriIIntsaccountNetIncomeII1/69 1,500.00 I I3/69 1,500g00 1/69 1,500g00 I !8/69 1,500g00 I I 1/69 3,374012 I III 9,374 12, I II I 9,9071821 I I ni, !I I I iI ! I IIiIIII I !I i I ! I IIIIIIIiIIII!!!-II i I II!, I I I :III I iII!.I-,35 -I I iIIi• I, Accrued in United 7 1/2% $40,0 Pu Walter Payme 10/ 11/ 12/ 12/1 12/3 The Union Account Payments l Paragraph Administrativ Distribution 1:9 6 9 NOVg 13 COMMONWEALTH OF PENNSYLVANIA I.COUNTY OF:'"WASHINGTON ..SS: J u DONALD PATTON,Senior Vice President of THE UNION NATIONAL BANK OF PITTSBURGH,the above named Accountant being duly sworn according to law deposes and says that the disbursements shown in the account have been made to the parties entitled thereto and that the account as stated is true and correct as he verily believes. Sworn and subscribed before me thiS_.....c;·VO~_~__da.y .Of YU~--:;..:.~.;;.·....:-...:-...,..-,1970; REQUEST FOR DISTRIBUTION ~il~~__· Notary Public CLAIR A.NEWTON,NOTARY PUBLIC PITISBURGH.AlLEGHENYCOUNT{, MY COMMISSION EXPIRE~FEB.21.1972... Accountant requests that distribution be determined by the Court in accordance with the Petition for Distribution to be offered in evidence at the audit of this account. THE UNION NATIONAL BANK OF PITTSBURGH ..-_.-..."'I .~.._-c, .. "1"'I ~,. '\,.-...-~ \~_.* J Jrlttfnn ~ur Aubtt t 3Jn ,wq~(@rpqan5~<trourt of lIunl1ington QIounty , Estate of W~lt.~l"H.ll ~.als;~.r."p.~~~a~~d ..r:.:Trust Under Will ForJi~y.~!:~.!W.~.~~.t.. Filed at No ?~~of 19~7.0 .The Union National Bank of Pittsburgh, Fiduciary .s.ur.Y.iY.ing...'l'.r.U~t~fL .. pi~~;·~·f";~·~~;·d·-R·egIs·t·e·r o:r·..V1ilIs · · · . of appointment..,lJashing:ton...QQ:unty,p..erm.sy,1.Y.ania Will ~..A~.~s~,:"?~'-..J2!i§_;,{.. If there have been former accounts filedinthisestate,list:No.90 August Term"1950 A.A.(Estate of Walter H.Baker,Dec'd) Reason for filing this account...D.eath...of...Edward..L.....st.o.ckdale.,....o.r.iginal...C.o.~T.r.ust~e....Qn...N.Q:v:e;mb.~r....5.,...1969 All persons having any interest,vested or contingent (including claimants),in the fund now before the Court, with the nature of their interests are:. Under Paragraph Sixth (e),(2)of the Will there is a life estate for Walter B.Weimer, grandson.On his death,distribution would then be for his issue and if no issue then a share would be distributed to his sister's trust Amy Anne Weimer Ritter,if living or to her issue and a share to her nephew Joseph Duncan°Kniseley or his issue. All of said parties have received notice as.required by the Court Rules~ The fund now before the Court is subject to the following taxes:~ None Set forth any legal problems requiring adjudication by the Court or difficulties that must be met in distribution: In accordance with Paragraph Eighth of the Will,upon the death of Edward L.Stockdale, Co-Trustee,the wife,Wilma L.~aker,and ·the daUghter,Anne Baker Weimer,have the .right to appoint a Successor Trustee.Wilma L.Baker died Ma;}r 4,1963 and Anne Baker Weimer who is living is exercising this right as evidenced by letter marked Exhibit "A", designating William G.Stewart,Successor Trustee.The acceptance of William G.Stewart as Successor Trustee is attached hereto and marked Exhibit "B". J II, I Balance for distribution per account,.\\. I Additional debits not shown in account: (Indicate whether income or principal) Principal $20.4".23.3.84 .. Income $A:1..49..9...~.9..7.~..~),~, ~ct·. See Additional Receipts.and Disbursements -Exhibit "G" Principal Income Total additiona'.debits Additional credits not shown in account: (Indicate whether income or pri?cipal) See Additional Receipts and·Disbursements -Exhibit "C". Principal Income' Total additional credits 111.62 20,164.59 $!?Q".?7.9..!.;?,;h . 681.49 21,452.54 $~.~.?~?..~~~}.. Balance for distribution Principal $?QJ.".§§;..,.9.7.. Income Total $.3.,.21'~O2... $~~§.~.~.~..~.~~~. If the balance for distribution is not in cash,list items held in kind with carrying value designated,and if this is a distribution account,file elections to take in kind for all items so liste:l: \:':J See Additional Receipts and Disbursements -Exhibit "(:11. .. I "·'.'. ~r .' ~> J .':':'...}< ./' -~~ LeMoyne Avenue Extens~on Washington,Pennsylvania July 31,1970 The Union National Bank of Pittsburgh p.O.Box No.837 Pittsburgh,Pennsylvania 15230 Attention:Mr.J.Donald Patton,Senior Vice President In re:Walter H.Baker,Deceased,Trust Under the Will for Walter B.Heimer #2993 Dear Mr.Patton: .Under the 'VIill of my father "ilalter H.Baker and due to the death of Wilma L.Baker on May 4,1963 and also the death of the Individual Trustee,Edward L.Stockdale on November 5,1969,I now have the right to name an Individual Co-Trustee and this letter is to advise you that I appoint If.Jilliam G.Stewart of 135 LeMoyne Avenue;Washington,Pennsylvania 15301 to serve with The Union National Bank of Pittsburgh.. Mr.Stewart is filing a separate Individual Acceptance as the Individual Trustee and this letter is to be attached vrith the Acceptance and is to be filed 'with the Court records.' .Anne.Baker Yeimer .The Union National Bank of Pittsburgh approves the appointment of William G.Stewart as the ,Successor Individual Trustee and hereunto adds i~s approval. THE UNION NATIONAL BAlE OF PITTSBURGH, Surviving Trustee Under the Will,Trust for Walter B.Weimer,#2993. BY.~&~~~~~- Senior Vice President Exhibit "A" NO.318 OF 1970 It 6/22/70 IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE EST.ATE OF WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER,#2993 ACCEPTANCE OF .APPOINTMENT AS SUCCESSOR INDIVIDUAL TRUSTEE UNDER THE WILL WHEREAS,under the Last Will and Testament of Walter H.Baker, dated August 26,1946,probated and recorded in the Office of the Register of Wills of Washington County,Pennsylvania,in Will Book Volume 70,Page 561, Edward L.Stockdale and The Union National Bank of Pittsburgh were appointed Testamentary Trustees;and WHEREAS,the Eighth Paragraph of the Will provided,_"In the event the said Edward L.Stockdale should predecease me or,surviving me,be unable to qualify as Co-Executor and Co-Trustee hereunder due to illness,accident or incapacity to act for any reason whatever,or,having qualified,be unable to perform the duties herewith imposed,then and in that event my said wife, WILMA L.BAKER,if she survives me,and my said daughter,ANNE BAKER WEIMER, shall have the right to name such individual as his successor as may be suitable to the corporate fiduciary herein named or its successor in office.", and as Wilma L.Baker died on May 4,1963 and the·daughter Anne Baker Weimer now has the right to name an individual Co-Trustee;and as by letter attached hereto as Exhibit A exercised such right;and WHEREAS,William G.Stewart of 135 LeMoyne Avenue,Washington, Pennsylvania,15301 has been designated by Anne Baker Weimer as the Successor Individual Trustee to act with The Union National Bank of Pittsburgh:. !r NOW,THEREFORE,The Union National Bank of Pittsburgh,approv~s: this appointment by its proper corporate signature to the letter of appointment by Anne Baker Weime~and William G.Stewart does accept the appointment as Successor Individual Trustee by adding hi~signature hereto.It.~ Executed this ;(f)-day of----=7;...:..:;.;~t£~-·_....;....,1970. fcL4 Exhibit flBfI William G.Stewart -,------- ,'. ;..- IN THE COURT OF COMMON PLEAS OF'WASHINGTON COUNTY,PENNSYLVA1TIA ORPHANS'COURT DIVISION NO.318 OF 1970 ESTATE OF WALTER H.BAKER,DECEASED ADDITIONAL RECEIPTS,AND DISBURSEMENTS 1718 ' TO THE FIRST AND PARTIAL ACCOUNT OF THE UNION NATIONAL BANK OF PITTSBURGH SURVIVING TRUSTEE UNDER THE WILL TRUST FOR WALTER B.WEIMER August 24,1970 SUMMARY ,SCHEDULE A PRINCIPAL -PERSONALTY , Receipts Page 3 221,713 11 Disburse'ments Page 4 18,049 14 .. BALANCE 203,663 97 SCHEDULEB IINCOME-PERSONALTY L Receipts Pages 4 - 5 34,572 38 Disbursements Page 6 31,360 36 BALANCE 3,212 02 NET BALANCE 206,875 99 The Balance Consists of the Fo11owing:- Principal -Personalty Stocks American Telephone and Telegraph Company 190 shares Capital 5,641 50 Anaconda Company 110 shares Common 1,685 07 Qyc10ps Corporation 95,4?<16714,480 shares Common "~tDuquesneLightCompany--., 200 shares Common 3,783175 General Motors Corporation 288 shares Common 2,959 3~-.- , Exhibit "C" ---------------- i IYI... '. ESTATE OF WALTER H.BAKER,DECEASED ---..~--.._._-._.. I ._._--_._..... 'j d)1 ,.! ation , i pita1 14,552 46 III Corporation III apita1 3,699 60 j orated : Capital 7,523 41 ona1 Bank of Pittsburgh ,i pita1 5,226 51 I I I I I 140,551i35 i I iI of America Treasury Notes 5% 0 d 2/15/66 due 11/15/70 21,110 45 ! 7 1/2% I of America Treasury Notes ! d 10/1/69 due 8/15/76 41,10C 00 :, r !I '62,210,45 I I 902117 :ii !I I II203,663:97 I, ! Income -Personalty j iI, 3,212:02 i ,i.206,875 i99 I I ' I I.. :, i i i i I I i i I ; ::-I I II ! I : I i;,, j -2- United States $40,000 date Gulf Oil Corpor 440 shares Ca National Steel 298 shares C Texaco,Incorp 1,356 shares The Union Nati 356 shares Ca Cash on hand Cash on hand Stocks (continue Bonds United States ~Series A -197 $21,000 date SCHEDULE A PRINCIPAL -PERSONALTY RECEIPTS Receipts in accordance with the First and Partial Account filed Purchase of Assets Stock " 221,601 '49 197 0 May 21 The Union National Bank of Pittsburgh Capital 2/9/70 0.40055 share United States of America Treasury Bill 5/26/70 $1,000 dated 8/31/69 due 8/31/70 Cash disbursed for purchase of the above assets Stock Rights Received American Telephone and Telegraph Company 5/8/70 190 Rights allocated value Gain on Sale of Stock Rights American Telephone and Telegraph Company Net proceeds sale 5/8/70 190 Rights at 40/64 Allocated value Conversion of Asset Without Gain or Loss Proceeds 'maturity -$1,000 United States of America Treasury Bill dated 11/20/69 due 5/21/70 Carryirig value -3- 14.02 .982.09 996.11 996.11 111.62 0.00 961.99 961.99 I I II I I I iI I IIIIii °i OO : ; \; 0:00I I I: II 111:62iI!, I I!: I II j I I :; ;o '00 I I 221,713111 , i i I I , III II i I ,. "'I ,.,••A. ..r---- I ESTATE OF WALTER H.BAKER t DECEASED .-_....--. j .-----.'-lP ,.•.I ! SCHEDULE A i CIPAL PERSONALTY i - RECEIPTS i i dance with the First and Partial •! 221,601 '49 : s ,, ,i ional Bank of Pittsburgh I !II 055 share 14.02 I, \ I of America Treasury Bill I 000 dated 8/31/69 Idue8/31/70 982.09 996.11 II I d for purchase of I ets 996.11 i; "-0:00! : ived ; one and Telegraph Company ! ghts allocated value 0:00I,, tack Rights i I one and Telegraph Company ! I sale I, Rights at 40/64 111.62 iI 0.00 I 111·62iI t Without Gain or Loss I!, I! ty -$1,000 I of America.Treasury Bill I 9 due 5/21/70 961.99 i : 961.99 o '00 II 221,713[11 : i . I ! III II i, -3-I American Teleph Net proceeds 5/8/70 190 Allocated value United States 5/26/70 $1, American Teleph 5/8/70 190 Ri The Union Nat Capital 2/9/70 0.40 PRIN Cash disburse the above ass Proceeds maturi United States dated 11/20/6 Carrying value stock Gain on Sale of S Stock Rights Rece Conversion of Asse Purchase of Asset Receipts in accor Account filed :..970 May 21 I.._..r---'._---_...- .:.i ,. '''I...I =;~~'.':'.:'..:=~.-::::.:----ESTATE OF WALTER H•.BAKER.DECEASED __.='.:_==:====================::=;~=====:;===;;::=':'-'=--=--'..::.:-::-.:"~..:....:,:.:.".r ._.:.,, 197 0 April 1 DIS B'U R S E MEN T S Disbursements in accordance with the First and Partial Account filed Administrative Expenses Russell Marino,Register of Wills of Washington County,Pennsylvania Cost of filing First and Partial Account 68 00 i ! I ,17,367 165 r Loss on Sale of Asset Buchanan,Ingersoll,Rodewald,Kyle and Buerger Attorneys'fee July 7 197 0 June 26 Net proceeds sale -$1,000 United States of America Treasury Bill dated 8/31/69 due 8/31/70 at 98.771 Carrying value 976.60 982.09 i . 676100 i I I : i 1i I ! J,:!; 1 : 5 ;49 . i i18,049 j14 i ! SCHEDULE B INCOME -PERSONALTY RECEIPTS Receipts in accordance with the First and Partial Account filed Dividends -Stocks American Telephone and Telegraph Company Capital 190 shares 1/2/70 -7/1/70 Anaconda Company Common 110 shares 4/1/70 -7/2/70 Cyclops Corporation Common 14,480 shares 3/31/70 -6/30/70 -4- 37(50 104 50 13,756 00 !I i i iI i I 14,407 179 :, I II ·1 III '''I.& rI Ii ESTATE OF WALTER Ho BAKER,DECEASED-..-..__.-~--_.---. -_._----~.-.. stocks (continued) ! ight Company j,! s 1/2/70 -7/1/70 249 00 II, i ors Corporation IIII,is3/10/70 -6/10/70 489 60 i rporation I: i s 3/11/70 -6/11/70 330 00 I I eel Corporation i s 3/16/70 -6/15/70 372 50 I iI orporated II es 3/13/70 -6/11/70 1,084 80 iI , I ationa1 Bank of Pittsburgh !i, s 3/31/70 -6/30/70 227 84 I II i 16,984:74 nds es of America Treasury Bill ion on to 5/21/70 38 01 es of America Treasury Notes 5% 1/15/69 -5/15/70 525 00 es of America Treasury Notes 71/2%I i0/1/69 -8/15/70 2,616 84 I I ! 3,179 :85 i :I,II ,34,572 i;38 ! I! ; Ii ;i I i I,, I, I i I ,I Ii -5-I II.I Gulf Oil Co Capital 440 share United stat Accumulat $1,000 United stat $21,000 1 United stat $40,000 1 The Union N Capital 356 share General Mot Common 288 share Texaco,Inc Capital 1,356 shar National St Capital 298 share Duquesne L Common 200 share Dividends - Interest -Bo .~-..,.. ,.,... ...r- I, i IIIl' ESTATE OF WALTER H.BAKER,DECEASED ----,~_.._.~.._,.-.---'-"1-".-.- DISBURSEMENTS , s in accordance with the First and Partial 9,907 182d , ve Expenses i i . nal Property Tax -County 12 60 : i National Bank of Pittsburgh : : t's compensation 403 29 ! II 415 189 .I , I I I n accordance with Paragraph Sixth (e-2)I 1 , I •Weimer ts account Net Income /70 1,500.00 /70 100.00 ; I 70 1,500.00 70 1,500.00 70 4,715.81'; /70 1,500.00 : ! 70 1,500.00 I 70 700.00 70 1,500.00 70 3,520.84 70 1,500.00 II /70 \1,500.00 21,0361651 !! 31,360 136 j i ; I II I Iii i:I : I I !I ; I I I I I , II I II -6- Walter B Paymen .1/2 1/21 2/2/ 3/2/ 3/31/ 4/1 5/1/ 5/22/ 6/1/ 6/30/ 7/1/ 8/3 Payments i of the Wil The Union Accountan 1970 Perso Distribution Administrati Disbursement Account file Aug.24 197 0 July 2 .,~.:..'.. ~.' •·Set ~orth accountan~s suggestion a~to manner ~d form of distribution to be made,awards to be stated in pro- portIOns unless specIfic amounts or Items are desIgnated by instrument under which estate is being distributed: In accordance with Paragraph Sixth (e)(2)and Paragraph Eighth of the Will, if Your Honorable Court concurs,the balance for distribution is to be decreed to 'William G.Stewart and The Union National Bank of Pittsburgh,Trustee in 'i'rust for Walter B.Weimer. 'Walter Baker 'Weimer,party in interest,is not in the Military Services of the United States of America "',-';;r,l I, Wherefore,your Petitioner pr~s Your Honorable Court to confirm the account as filed and award the Balance for Distribution,both:securities and cash compris'ed"-~ of principal and income cash on hand to William'G:,/Stewart and The Union National B~ of Pittsburgh,Trustee for further administration and order of Your Honorable Court.nt .. J . Allegheny COUNTY OF ~_I>t.OOlQO¥:'ImI'lII'1V COMMONWEALTH OF PENNSYLVANIA, The above named Fiduciary or representative thereof being duly ~~~~doth depose and say that th; facts set forth in the foregoing petition are true to the best of ~.:!:~kno.wledge and belief. ...l;iWQrn to and subscribed before me This 1...td.day Of ~19a.g. Signature 'Elf Offieel :e.e.b &~..~.. ..'N to.IOTIIRV PUBUCT"I f Off'CVIR'I\.NEW10 .';..ENy:COUNTVIte0Icer'..':t'fS'OtlR6t\;.,c.U..~ml..~'[972 .PI.,I '.ExPiRES 'FEB:Zl.• •MY COt't'M1SS!9.N ,,:"t'·,.:,OffIce expIres :.::.:.. And your petitioner will ever pray,etc. The'Union National Bank of Pittsburgh,..·T·rusteie ···..· ·..·..· · ·..· . .B.y.····_·····&~·~·-Vicii···l'i'e·iilileiit"····· ,~~ ;....:;'.. 'j .' .1 I.'---- ,. :.~ :.... -,'.J: ~ '! 'JIi "\' ,-.'-~ ... I -' 'rtilion ~ur Aullit IN THE ORP~ANS'COURT' OF WASHINGTON CO'UNTY FORM USED FOR GUARDIAN-INCOMPETENTS -OR TRUSTEES No :U.$of 195:.7.Q . ESTATE OF..W.9:1.:t.~:r.H.~~~.~;r..J P"!?.g.§.9:.P'.§.g . ....J);xy.·§.:t .f..9.~Wg.:1:t.~L ..~.~w.§.t.m§.:r.. FOR . minor-incompetent-life tenant ...'r.h!?....Um.Q.P.....N.Q..t.i.Qnal;,Bank...of....Pi.t:t.sburgh, 'Surviving Trustee under the Will of Walter .'H.Baker,Deceased,Trust for Walter B.Weimer Counsel for the accountant shall submit herewith the following,if pertinent: 1.Will or trust instrument-attested. 2.Inventory. 3.Signed elections of items to be taken in kind- if distribution account. 4.Stipulation or certificate by minor approving account. S~Praecipe for those represented. 6.Brief-for any question of law raised. Rex Rowland,Esquire Buchanan,Ingersoll,Rodewald,Kyle....&.Buerger . 1800 01' "Counsel for accountant.lver BUlldin.Q' Pittsburgh,Pe~iv~~a 15222 I-,-, .. f )... r;,,: ., ;; " ~''r-·t ~ --, r: ".":,.-/. ::.,: " ) ~'.,.'"':' ;,.. 'Vd "00 rWJ.vNIHS'1M SlllM :!O ~n.l.SIf)3(j oNItl V:~j 1'1 3SSiH:1 £s 2 ~·ld n :r 0'0 c!j~L& J K]-,R'Ol •:.1l_v~'jm '-•...JJ ! IN THE COURT OF COMMON PLEAS OF WASH NGTON COUNTY,PENNA ORPHANS'COURT DIVISION J IN RE: WALTER H.BAKER TRUST for Walter Baker Weimer #2738 and :!~WALTER H.BAKER TRUST..~(The Walter H.Baker Trust No.2) ::~#2735-C) L ) ) » ) ) ) ) ) ) ) No. is fOr Walter Baker Weimer and the other is Walter H.Baker connection with two other trusts,Walter H.Baker Trusts.One MR.ROWLAND: ~o:: ii~BEFORE: ti:to~ II ~APPEARANCES:§ II:;)., t too.. Ii TIME: II:'It-Il:oL'III: t-Il::;)oIJ..0( ij;: II.o THE HONORABLE P.VINCENT MARINO, Judge of the said Court. REX ROWLAND,ESQ.,of Allegheny County, Pa.,repres enting the Estate. Morrlay,August 24,1970,at 10:00 o'clock A.M.,EDST. Then the other matter,Your HonOr,is in Trust Number two.We have sent to Walter B.Weimer a form for the appointment of William G.Stewart as individual trustee to succeed Edward L.Stockdale.But we have not yet received a signed copy of this back from Walter B.Weimer.But in order to obviate the necessity of Our corning back again,just fOr this one matter,we thought at this time if we could get this marked as of record,then when Walter B.Weimer signs it we could file it with YOur Honor and we'd complete Our record on this matter.You rna keep that and when Mr.Weimer signs it we will substitue that fOr this and have a complete record.Will that be satisfactory, 2 ment should be filed in the inter vivos docket. e ~::>oJ.. ~ &0 0:~ 0:::lto " &0 '.I-:~ S 1:...•iieoJ-:0 ii:J"I t~ Mr.Patton? MR.PATTON: THE COURT: Yes.It might be a question whether that agree We will look after that. (Proceedings Closed). 11'upon Us.IlHorlQfI of the IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNA. ORPHANS'COURT DIVISION' HEARING.ON AUDIT' WALTER H.BAKER TRUST FOR WALTER B.WEIMER. No.318 of 1970 ) ") ) ) ) ) ) THE HONORABLE P ~.VINCENT MARINO,Judge of the said Court. IN RE: ~:; .¢.......nz Z!II:l. i=>~~BEFORE: i: Uloil:3:c, • t~APPEARANCES: !!!Q ..Joc( U'C~TIME.:~. III ai II:11/~THE CO'GRT:oQ, 11/~MR~ROWLAND: II: ::lo~THE COtllT: oil:U~MR.ROWLAND:o REX ROWLAND,ESQ.,of Pittsburgh.Alleghen: .'County,Pa.,.repres~ntingthe Accountant. Wednesday,May 20,1970,at 10:00 o'clock A.M. EDST. Is Mr.'Rex Row land present ? Yes,·sir. Mr.Rowland,did you have a motion for the Cour ? Yes.sir~·With regard to the Baker Trusts,whic '.are the last seven on the audit list,wewould like to request that the e be postponed to a later date for this reaso~.:we had intended to file OUr Petition for Distribution at this time on the ground thtt the individ\1al trustee in those trusts had died and a new one needed to be apl"ointed.We had talked with the beneficiaries about this and as.... of thi,:;date,we have not been able-to agree upon who shall be the :1----11"------------------1-- ,. \,..'-.....iti .,,:;<ft:.t ..~,l..:~ 'r .-.. ,.,. "Ii.• •.+-""o..'.J ~.,'-""~'-:=-"~J..W..j..,.-v. .. flo.\..J:....~--"",' 1,-:1.~. ", e ~z c(>..I>-UlZZIIIII. i0~\!lZ i:UI "0(~ .,: .'"uii:~!!!ce..I0( §c I::::I., % I::l\I t.•• _,'1......... -,.... .h". • • 1 reaeot1,-f lI 3 ·(NO RESfONSE) i (I TItECOuttT: I A"M. e:i..:>~II :2 :2IIa z ·f Cl-ez :iiIT.<I~ They will all be continued to JW'le 29 at 10:00 o'el Pck (A tJDlT'CONTiNUED) and that U@ copy is a corr~t ~atlSCript of the RIDe. ,.'-'.'1&~ten()grapher 180:IIII-0:oa.III-IX:,...111:' :I'ot)...c( i3~..~abOve cauae is hereby approved aod directed to be fUed. ~ii:l- S 1 bereby·certUy that the proceedinga and evidence are contained ~.-5 ,._~fuUy and accurately in the note.taken by me on tbe hearing ~f the above~,., J:.5cat:8e. " J. I j IN THE COURT OF LCOMMON PLEAS OF WASHINGTON COUNTY.PENN ~. ORPHANS'COURT DIVISION Walter B.Weimer.Under paragraph eight of the Will,upon the ~."·1 S 0 of 1970,Trust under the Will of Walter H.Baker.deceased fOr Wilma died May 4.1963,and Anne Baker Weimer who is living if death of Edward L.Stockdale,Wilma L.Baker and her daughter, No.318 of 1970 ) ) ) ) ) ) ) ) The next Petition,Your HonOr.is Num ber 318 REX ROWLAND.ESQ .•of Allegheny County, Pa .•representing the Accountant. Monday,August 24.1970,at 10:00 o'clock A.M.•EDST. THE HONORABLE P.VINCENT MARINO. Judge of the said COurt. HEARING ON CONTINUED AUDIT Anne Baker Weimer,have the right to appoint a SuccesSor Truste e. MR.ROWLAND: BEFORE: TIME: APPEARA NCES: WALTER H.BAKER Trust for Walter B.Weimer. ESTATE OF IN RE: e :!:zos:>...>-UI Z ZIIIII. i0I-eIZ%UI,1 os:~ ~.......,:uii:I-UIQ...os:UQ ::l"l :I:J:(\I aill:IIIl-ll:0II.blll: l-ll:::l0U...os:Uii:II.0 e ex~rcising this right as evidenced by her letter marked Exhibit "A'l.designating William G.Stewart,SuccesSor Trustee.And Mr.Stewart's acceptance as Successor Trustee is attached heret< and rr,arked Exhibit "B".And I present the Petition in Number 31E 2---"'~-----jll------~-------------------------------J-"':"- of 1970,Your Honor. .,.THE COURT:Now the Court will inquire as to whether there is anyone Present who desires to be heard in the matter of the Bal er Trusts at 311,313,314,315,316,317 and 318,which we have had pres ented at this time?Is there anyone in Court that desires to bE heard in the matter of these trustS? 0(z~MR.RITTER:If I may,my name is William Ritter.I am the ..I">-III~husband of one of the beneficiaries.We do have one Or two questicns IIIII. i~I am not SUre this is the proper time to Present them.But if I rna , "z ~we notieed in Mr.Row.:];amd's presentation that he submitted an 0(~ approval received from the bank fOr my appointment as the succeE SOr individual trustee and the trust fOr which my wife is the beneficial y. I did not notice that there was mention of an apProval from the bank fOr the appointm ent of Mr.Stewart in various other trusts.I ui ffi wondered what reason there was fOr ttat,why there was no apPro alt-Il:oII.~by the bank filed fOrmally.I think that's all,the only question I t-Il: g have at this time.u ..I0(~THE COURT:Mr.Rowland,would you be able to respond to that,...o . ?SIr· MR.ROWLAND:Yes,sir.The reason fOr that is that under thE par- ticular instrument setting up the trust in which you are individual trustee,Mr.Ritter,it is required that the bank give its apProval; but under the other ins truments there is no such requirement. So we did not do so. 3 THE COURT:I believe that that follows precisely what couns 1 /.has reported to the COUrt.I noticed that in the statement. MR.R OWLAND:Yes,si~.It stood out so much that I thought it was advisable to tell the Court why we had given the apProval.I don't know why that particular instrument so Prescribes.The scrivener said that so we followed what he said. precautionary measure.You were not required to do so by the of the acceptances,all of the appointments by Mrs.Weimer,there is an acceptance on the part of the corporate fiduciary on the bott<m No.That's right. Yes.Well,you did that mOre Or less as a I understand. I might clarify,if Your Honor pleas e,on all That is true.We donIt have to approve his app ~int- Do I understand that apprQval of the cOrPOrate rustee of that letter.So that you will find that all Primarily on Exhibit "l ". is not required fOr Mr.Stewart's appointment? instrument. MR.PATTON: THE COURT: ment. MR.PATTON: MR.ROWLAND: MR.RI':'TER: T HE COURT: ~z0(>,J>-lJlZ Z IIIa.. i 0..CIzi:lJl0(~ "~---~II:..lJl Q ,J 0( § Q :;)., :t~III aiII:III..II:0a..IIIII:..II: :;) 0U ,J0( ij ii:II.0 e MR.PATTON:The Will did indicate that there should be an acceptance on it and it was so indicated in so far as Mr.Stewart s concerned and this merely fill:eid that gap. THE COURT:Are there any other matters to be called to th COuri:'s attention at this time in connectio n with any of thes e trus s ? , 4 (NO 'RESPONSE) (e THE COURT:Very well.We will consider the matter closed (PrOce edings Closed). ... J. ~z~...I hereby certify that the proceedings and evidence are contained>-GI Z ~fully and accurately in the notes taken by me on the hearing of the above i~caus e,and that this copy is a cOrrect transcript of the same. z :i:GI; tia:Iiiii...etUii :J., ~III aiII:~The fOregoing record of the Proceedings upon the.!hearing of the o0.III~above cause is hereby apProved and directed to be filed. II::JoU...et Uii:II.o ~u t~e QInun nf QInmmnu Jlrus nf IfnsJlingtnu QInunty. Jruusylnuuiu.®rpJ1UU!i'QInun !linistnu ESTATE OF No.318 of 1970 Walter H.Baker,Trust for Walter B.vJeimer In the matter of the First and Partial Account of Union National Bank of Pittsburgh Surviving Trustee ADJUDICATION A DECREE $208,733.81 Andnow Se·ember ,19~,this matter came on for hearing, audit and distribution at this session and testimony ta en;and thereupon,upon due consideration thereof th~balance for distribution in the hands of the Accountant is determined to be $206,875,95 and the account is accordingly confirmed;and it is ordered, adjudged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof,unless exceptions hereto be filed sec.reg.or an appeal be token herefrom sec.leg. / SCHEDULE OF DISTRIBUTION Balance per account ----------I Additional debit asked at audit 20276.21 $229,010.02 Additional credit asked at audit 22134,03 Balance 1DeductClerk's Costs &Receipt;:).s _ Attorney Rex Rowland for Buchanan,Ingersoll,Rodewald Kyle and Buerger' William G.Stewart and The Union National Bank of Pittsburgh,Trustees for Walter B.Weimer,in accordance with Paragraph Sixth (e)(2)and Paragraph Eighth of the Will for further administration and acco1.Ulting, including cash and the following assets,held in kind and distributed as such at the value as shown:- $206.875.99 7523.41 3783.75 5226,51 3699,60 No balance 21110.45 41100,00 877.17 3212,02 206850,99 Principal Personalty 190 shares Capital stock American Telephone and Telegraph Company $5641.50 110 shares common stock of Anaconda Company 1685.07 14480 shares common stock of Cyclops Corporation 95479.67 200 shares common stock of Duquesne Light Company 288 shares commonstock of General Motors Corporation 2959.38 440 shares Capital stock of Gulf Oil Corporation 14552.46 298 shares capital stock National Steel Corporation 1356 shares capital stock of Texaco, Incorporated 356 shares Capital stock of The Union National Bank of Pitts':>Urgh United States of America Treasury Notes 5% Series A-1970 $21,000 dated 2-15-66 due 11-15-70 United States of America Treasury Notes 7 1/2% $40,000 dated 10-1-69 due 8-15-76 Principal cash on hand Income PersonaLty cash on hand 0 > J£-~ ...;:,z ~ n,n ...,.? t:Y 0 :;c CD ~. ...,.;:,3 117 ~CD ...,. 0 0 0......:+.... +'"\ CD... a 0.... t .......,. b :; ::: CD It fag, ~~ .' ~~~ ), r •'!~_-~-..1 .', I \'! .<::j >,;::",--_:l....;. .~ ~ l --~)polj;!d..:lg,50 ,I P- I r~3~1II,II IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT -DIVISION NO.318 OF 1970 ',I:. r ~c..~~ ESTATE OF WALTER II.BAKER,DECEASF,D SECOND AND PARTIAL ACCOUNT OF WILLIAM G.,STEWART, SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH SURVIVING TRUsrEE UNDER THE WILL TRUST FOR- WALTER B.WEIMER t. / :~~~~;..~.~~- "t'J~_........~•:IE ---'.c;::~..,i -\.-.\~...~.-"',~t:)lo....---'..'::>•:>.::::~.~~~I~(\)~,c,·,.....'::>C":'\i ~~;;' J'i 0.~~~~':~-r.~.....-"cr.,:.5 \J'I~.~~"~~Q l ~-'g <.::>0;::'C't'..t"J §J ~",-,~-n~~~.~c~~:~'_.•I:)'-~_J ~;r~:-,'..-.,:::~."t::,~.~__~:~......''5 ~ ~_.-.~~....""""-,:1";...\ _ Q !~()',~',;:;, .....:t<>0:::0 'E.ir '-3'-~~"I~~.~.~~'t,'~f ~"::r ~.., '<0 \'".",~...•-:~'-t.0r:c:...3 ~'k ~,""g :::: \'I:::~'t:I~.b ,~~I ti ~~1V'"t:::L <::I -..0'\to..,~.('\)::! I! I .I . f .. I II. I-"-:j 1 .. ""-...l <:J.'c~-"l BALANCE DUE ~$~5?,117.68.. ?--(1'1 =~.;r·~> (/)<;)-.:-"-~-~::U;?i ~~~G .~...~z,:~"..~~c;:..L . '-7C<tne iWo,"Ut ~~If.,:·n'''~.l(tt~t",ltfl ~., (.--":-'..--'~,.:'J9IZl1rhnJilll":~.;;~.J ,;-0 ~:::::i Jz;, J>(I)'r--> •~~~M'~~u....I1.£" e~""11 ~0,,. 1ST 0 /97"Robert F.Patton,Esq. Buchanan,Ingersoll,Rodewald, Kyle and Buerger 57th Floor.:,U:.•l S'•.\'St§el Building Pittsburgh,Pennsylvania 15222 (562-8911) I ?/".-t ftc:'IJ /t)f~.'~_...-II .}~____..IIiii'>-J--'--......-..~~--- ,'"". :~)J ;, ! -.:, ,~~ /' .' 1'715 IN THE COURI'OF COMMON PLEAS OF WASHINGTON COUNTY,.P~SYLVANIA ORPHANS'COURT mVISION . NO.318 OF 1970 ESTATE OF WALTER H.BAKER,DECEASED SECOND AND PARTIAL ACCOUNT OF WILLIAM G.srEWART, SUCCESSOR INillVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH SURVIVING TRUSl'EE UNDER THE WILL TRUST FOR WALTER B.WEIMER I I'! J 19 1976anuarv,. I S U'M MAR Y i ScHEOOLE A I PRINCIPAL -PERSONALTY I Receipts Pages 3 - 5 253,752 21 Disbursements Page 6 1,62.4-95 BALANCE 252,127 26 ,SCHEIULE B INCOME -PERSONALTY Receipts Pages 6 - 7 7,246 42 . Disbursements Page 7 7,256 00 BALANCE ..,.(9 58) NET BALANCE 252,117 68 I· The Balance Consists of the Following: Principai-Personalt,y Stocks American Telephone and Telegraph .Comp~ 7,512 10253sharesCommon . Anaconda Company 2,236146sharesCommon 55 qyclops Corporation 5619,308 shares Common 127,312 Duquesne Light Company 267 shares Common 5,051 31 General Motors Corporation 3,926382sharesCommon 57 Gulf Oil Corporation 590 shares Capital 19,513 50 --- r . ,... ." '"''A I J ESTATE OF WALTER H.BAKER.DECEASEDI Stocks (continued) National Steel Corporation 398'shares Capital 4,941 08 Texaco,Incorporated 1,720 shares Capital 9,660 90 The Union National Bank of Pittsburgh 721 shares Capital !7,059 43 i 187,214 00I Notes : United States of America Treasury 7 1/2% $63,000 dated 10/1/69 due 8/15/76 1 64,413 95. Cash on hand t 499 31 252,127 26 Income -Personalty Less Amount due for Administrative Expense 9 58 252,117 68 -2- ,,,••A ESTATE OF WALTER H.BAKER.DECEASED SCHEDULE A PRINCIPAL -PERSONALTY RECEIPTS The Union National Bank of Pittsburgh,Surviving Trustee Under the Will of Walter H.Baker,'Deceased Awarded by Adjudication and Decree of Distribution dated September 8,1970 at No.,318 at 1970 by the Court of Common Pleas,of Washington'County , Pennsylvania,Orphans'Court 'Division Stocks American Telephone and Telegraph Comp~ 190 shares Common 5,641 50 Anaconda Company 110 shares Common 1,685 07 Qyc10ps Corporation 14,480 shares Common 95,479 67 ,Duquesne Light Company 200 shares Common 3,783 '75 General Motors Corporation 288 shares Common 2,959 38 I IGulfOilCorporation I440sharesCapital14,552 46 National Steel Corporation 298 shares Capital 3,699 60 Texaco,Incorporated 1,356 shares Capital 7,523 41 The Union National Bank,of Pittsburgh 356 shares Capital 5,226 51 ,Notes United States of America Treasury Series A-1970 5% $21,000 dated 2/15/66 due 11/15/70 21,110 45 United states of America Treasury 7 1/2%, $40,000 dated 10/1/69 due 8/15/76 41,100 00 Cash 877 17 203,638 97 -3- .. I ,,,'.. I, ESTATE OF WALTER H.BAKER.DECEASED Additional Assets 1 9 7 5 Oct.21 William G.Stewart,Successor Individual Trustee, and The Union National Bank of Pittsburgh,Surviving Trustee Under the Will of Walter H.Baker,·Deceased, Trust for Anne Baker Weimer. Awarded by Adjudication and Decree of Distribution dated October 21,1975 at No.63-70-313 by the Court of Common Pleas of Washington County, Pennsylvania,Orphans'Court Division Stocks American Telephone and Telegraph Company 63 shares Common 1,870 60 Anaconda Company 36 shares.Common 551 48 Qyclops Corporation 4,828 shares Common 31,832 89 Duquesne Light Company 67 shares Common 1,267 56 General Motors Corporation 94 shares Common 967 19 I Gulf Oil Corporation I150shares'Capital 4,961 04 I .. National Steel Corporation 100 shares Capital 1,241 48 Texaco,Incorporated 364 shares Capital 2,137 49 The Union National Bank of Pittsburgh I187sharesCapital1,832 92 Notes ,United States of America Treasury 7 1/2% $3,000 dated 10/1/69 due 8/15/76 3,067 33 Cash 1,220089 Less p~ent of pro rata share of termination expense 950.00 270 89 50,000 87 -4- v, ,.,.... ESTATE OF WALTER H.BAKER DECEASED, Stock Rights Received American Telephone and Telegraph Compaqy 6/24/71 190 Rights allocated value 0 00 Gain on Sale of Stock Rights American Telephone and Telegraph Company Proceeds sale 7/7/71 190 Rights 43.70 Allocated value ODOO 43 70 Stock Dividends The Union National Bank of Pittsburgh Capital Received as a Stock Dividend 3/18/71 25%on 365 shares held 89 shares 12/24/74 20%on 445 shares held ...§2 shares 178 shares 0 00 Gain on Surrender for Exchange 1 970 Nov.17 Surrende.red $21;000 United States of America Treasury Notes Series A -1970 5% dated 2/15/66 due 11/15/70 Carrying value 21,110.45 Cash adjustment at $5.00 I per 1,000 105.00II 21,215.45I I I Received in lieu of above $21,000 United States of America Treasury Notes Series C 7 1/2% dated 10/1/69 due 8/15/76 21.269.06 53 61 Gain on Sale of Asset 1 971 Jan.7 Proceeds sale -$1,000 United States of America Treasury Notes Series C 7 1/2%at 103 24/32 1,037.50 Carrying value 1,022.44 15 06 253,752 21 -5- 1 971 Jan.18 197 6 Jan.14 Jan.15 Jan.19 ".. ESTATE OF WALTER H.BAKER.DECEASED DIS BUR S E MEN T,S Administrative Expenses Internal Revenue,Service 'Fiduciary Income Tax for the fiscal 'year ending September 30,1970 Pennsylvania Department of Revenue "Pennsylvania Fiduciary Income Tax for the fiscal year ending September 30,1975 William G.Stewart,Successor Individual Trustee, and The Union National Bank of Pittsburgh,Surviving Trustee Under the Will of Walter H.Baker,Deceased, Trust for Anne Baker Weimer Reimbursement for New York Stock Transfer Tax on 36 shares Anaconda Company CODDIlon Stock Clerk of Orphans I Court of Washington County,, Pennsylvania Cost of filing this Account Buchanan,Ingersoll,Rodewald,Kyle and Buerger Attorneys'fee re this Accounting SCHEDULE B INCOME -PERSONALTY $3,212.02 being amount awarded by Adjudication and Decree of 'Distribution dated 'September 8,1970 at No.318 of 1970 and $34.07 being amount awarded by Adjudication and 'Decree of Distribution dated October 21,1975 at Noo 63-70-313 and all Income received and Disbursements made to December 31,1975 have been accounted for by Quarterly Statements rendered Walter Bo Weimer,income beneficiary RECEIPTS Balance in accordance with Last Quarterly Stateme~t ending December 31,1975 . Dividends -stocks American Telephone and Telegraph Company CoDDIlon 253 shares 1/6/76 -6- 1,190 59 4 73 1 13 228 50 200 00 215 05 ''''e .. 1,624 195 2,089 561 I I .-",""..-.'.-i;, "-,; ''''e .., . ESTATE OF WALTER H.BAKER.DECEASED Dividends -Stocks (continued) qyclops Corporation Connnon 19,308 shares 1/2/76 4,827 00 IDuquesneLightCompany Connnon ', 267 shares 1/2/76 , 114 81 5,156 86 7,246 f42, DISBURSEMENTS Administrative Expenses 197 6 Jan.14 Pennsylvania Department of Revenue Pennsylvania fiduciary Income Tax for the fiscal year ended september 30,1975 958 Jan.19 The Union National Bank of Pittsburgh Accountant's compensation 7/1/75 -12/31/75 103.72 1/1/76 -1/19/76 .113.03 216 75 226 33 Distribution Payment in accordance with Par~graph Sixth (e-2)of the Will Walter B.Weimer Payment account Net Income 1/2/76 7,029 67 I I I I I 7,256 00 I -7- - --I t COMMONWEALTH OF PENNSYLVANIA ss: COUNTY OF ALLEGHENY JOHN R.ECHEMENT,Senior Vice President of THE UNION NATIONAL BANK OF PITTSBURGH,the above named accountant being duly sW'orn according to laW' to the parties entitled thereto and that the account as stated is true and correct as he verily believes. deposes and sa~s that the disbursements shown in the account rave been made Senior,Vice President l 7 ddaY of P:::;~I '1976 •.;1 , ~da,.,:<~<'LNotaryublic WILlI.-.M J.FRGB~T.SR•.NOTARY PUBLIG PfrTSBURGH.ALLEGHENY COUNTY MY COMMISSION EXPfRE:S MAR.8.1976 Member,PfftlOsylvaniaAssociationotNotaries Sworn and subscribed before me this I i I I i III J! 1 REQUEST FOR DISTRIBUl'ION Accountant requests that distribution be determined by the Court in accordance yith'the Petition for Distribution to be offered in evidence at the audit of this account. iIIII• t.~ j i iI'. j 1It !I! I 1I I THE UNION NATIONAL BANK OF PITTSBURGH Senior Vice President ,. .{ .'.'•:1 Cm1NmPIlEA1TH OF PENNSYLVANIA ss: i: f . I l' II 1 IiifI I III j 1 J ,J j i . j,. I; j j II Ij :~ I•j i, I~ COUNTY OF'WASHINGTON WILLIPJ1 G•.STEWART,the above named accountant being duly SIJ01'n according to law deposes and s'ays that the disbursements'shown.in the account have been made to the parties entitled thereto and that the accou.."lt as stated is true and correct as he verily believes. _/A;~fcL William G.Stewart SHorn CL11d subscribed before me this c:=>?cf ·d.day Of._~~=-~~~::..t.....loU::....li~::::.::;,.r:;..-l,4/'1976. Notary Pu... CHARLOTTE L.YOUNG,tary PLJbl,ic Washington,Washington Co.,Pa. My Commissic.n Expires August 3,197.g REQUEST FOR DIsrRIBUTION Acco~tant requests that distribution be determined by the Court in accordance with the Petition for frlstribution to be offered in evidence at the audit of this Account. William G.Stewart r- In t4t Q!nurt nf <tTnmmnn 'ltun nf Ifttnqiugtnn <tTnuntYI 'tnngylttttnitt <l'rpqttns9 atnurt littiginn ESTATE OF N 63-70-3180._ _____W~A~[TER H.BAKER,Deceased Trust for Walter B.Weimer In the matter of the Second and Partial ACj:ount ·of .Willi amG.St e wart,Success 0 r Individual.Trustee and.The Union National Bank of Pittsburgh, Surviving Trustee ~DJUD~~IONAND DECREE An now Apr 11 Is ..0-;;:;..,19~,this matter came on for hearing, audit and disfr:ibution of this session and testimony taken;and thereupon,upon due consideration thereof of the balance for distribution in the hands of the Accountant is determined to be $.252 ,]17 .68 and:the account is accordingly confirmed;and it is ordered, adjudged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof,unless exceptions hereta,be filed s~c.reg.or an appeal be taken herefrom sec.leg. ..~' J. SCHEDULE OF DISTRIBUTION -Balance per account 1 $252.117.68 Balance_-'--I $252,117.68 Deduct Clerk's Costs &Receipts.1 -Attorney_--=-J..::;a.;..:cm-::e...;:s---=-'W.;..;.:..........,U:-m-,-m--=-e-;-:r---;-f_o_r_.B_u.,....c-;h::-a_n_a_n~,_I_n-"g~e_r_s_o_l_1~'1 Rodewald,Kyle and Buerger Joseph Duncan Kniseley and The Union .Nation~l Bank of Pittsburgh,Trustees for Walter B. Weimer in accordance with P.Sixth (e).(2) and Paragraph Eighth of the Will for Further Administration and Accounting,the following assets in kind at values shown: Principal P~rsonalty 253 Shares Common Stock A.T.&T •.7,512.10 146 Shares Common Stock Anaconda Company 2,236.55 19,308 Shares Common Stock Cyclops Corp.127,312.56 9.58)~ 252,117.(8 NO BALANCE 4,941.08 3,926.57 5,051.31 19,513.50 64,413.95 499.31 ( 267 Shares Common Stock. Duquesne Light Co. 382 Shares Common.Stock General Motors Corp. 590 Shares Capital Stock Gulf Oil Corp. 398 Shares Capital Stock National Steel Cor~~ 1,720 Shares Capital Stock Texaco, Inc.9,660.90 721 Shares Capital Stock The Union National Bank of Pgh.7,059.43 United States of America.Treasury Notes 7 1/2%$63,000 dated 10-1-69.due 8-15-76 Principal cash on hand Income Personalty due for Administrative Expense 0 ~ ......>', W n =' ~' ....n .... 0 0 :r i ....c:CD CD'=' 0 ....3 .....0 0 ....-;: .....~ ., ~ 0-.... =: ::J"CD .'".~a ttd~~'.; ~~.. ."'.. ,.' ,....."I' 'j . .,' of -' •4., .':'; ,.".:'. !~)·;;.,1 IN RE:WALTER H.BAKER TRUST SHARE OF WALTER WEIMER No.63-70-311 CO~~ONWEALTH OF PENNSYLVANIA) .)55: COUNTY OF ALLEGHENY ) Before me appeared GILBERT L.HAAG,who being dUly sworn did state that (1)He is an Assistant Trust Officer of The Union National Bank of Pittsburgh; (2)On December 3,1976,he served notice on all the parties in interest known to him of the hearing set before the Orphans'Court of Washington County at 9:30 A.M.in Courtroom No.5 of the matter to interpret the language of Article Three of the trust agreement of Walter H.Baker,dated August 25,1936, together with a copy of the petition bringing this matter before the Court; (3)Service was made by sending a copy of the Preliminary Order,dated November 23,1976,petition and cover letter by firt class mail,charges prepaid,to each person at his last known address or place of business. Sworn to and subscribed before me this ~fJuJay of ~t/'t./,1970 711~vJ.~Notary Public MAR,GARET W.BAUMAN.NOlARY PUBLIC PI1 rSBURCH.ALLEGHENY COUNH MY COMMISSION EXPIRES JAN.31,1977 Member.PennsylvaniaAssodatinnof Notllries IN RE:WALTER H.BAKER TRUST SHARE OF WALTER WEIMER CO~~ONWEALTH OF PENNSYLVANIA) .)SS: COUNTY OF ALLEGHENY ) No.63-70-311 Before me appeared GILBERT L.HAAG,who being dUly sworn did state that (1)He is an Assistant Trust Officer of The Union National Bank of pittsburgh; (2)On December 3,1976,he served notice on all the parties in interest known to him of the hearing set before the Orphans'Court of V'lashington County at 9:30 A.~J1.in Courtroom No.5 of the matter to interpret the language of Article Three of the trust agreement of Walter H.Baker,dated August 25,1936, together with a copy of the petition bringing this matter before the Court; (3)Service was made by sending a copy of the Preliminary Order,dated November 23,1976,petition and cover letter by firt class mail,charges prepaid,to each person at his last known address or place of business. Sworn to and subscribed before me thi~~g~day of ~,197~ MARGARET W.BAUMAN.NOTARY PUBLIC PIlISBURCH.ALLEGHENY COUNfY MY COMMISSION EXPIRES JAN.31.1977 Member.Pennsvlvania Associationof Notaries "-----~~~~~~--'-'----~~~~~~~~~~~~~~~~~~~~~~----_._-- '~,,.... IN RE:WALTER H.BAKER TRUST SHARE OF WALTER WEIMER :O~~ONWEALTH OF PENNSYLVANIA) .)S8: COUNTY OF ALLEGHENY ) No.63-7()-311 Before me.appeared GILBERT L.HAAG/.who being duly sworn did state that (1)He i~an Assista~t Trust Officer of The Union National Bank of Pittsburgh; (2)On December 3,·1976,he served notice on all the parties in interest known to him of the hearing set before the Orphans'Court of 1i'7ashington County at 9:30 A.M.in Courtroom No.5 of the matter to interpret t.he language of Article Three cf the trust agreement of Walter H.Baker,dated August 25,1936, together with a copy of the petition bringing this matter before the Court; (3)Service was made by sending a copy of the Preliminary Order,dated November 23,1976,petition and cover letter by firt class mail,charges prepaid,to each person at his last known address or place of business. Sworn to and subscribed before me .~his.~gtl"day of ~.I 197~ 1?1~U},~~~~ary Public MA~GAR[f W.BAUMAN.NOTARY PUBLIC PI1TSBURCH,ALLEGHENY COUNTY MY'COMMISSION EXPIRES JAN.31.1977 Meal!;er.Pennsylvania Associationof Notaries IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER ORPHANS'COURT DIVISION NO.63-70-318 THIRD AND PARTIAL ACCOUNT "CODE " TRUST UNDER WILL DATED AUGUST 26,1946 FILED ON BEHALF OF JOSEPH DUNCAN KNISELEY SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE COUNSEL OF RECORD JAMES W.UMMER,ESQUIRE PA I.D.#16428 BUCHANAN INGERSOLL PROFESSIONAL CORPORATION FIRM #038 USX TOWER 600 GRANT STREET,57TH FL. PITTSBURGH,PA 15219 (412)562-8800 55,. n(., f : ll.! f-· ...? ~;.L/.:i/tingtoil County, .I I tiee to aU persons'f that I ha·ve given ega no I do eertt y ."h',....""'it in.the manner pre- concerned of the ii:ing \if ~hewlt.,n (,·l ••"--'."~db proofs".,'c("u.:.sv~,te,.ce Y scribed by Stattle an-ci ,,~u.e:1 fI~'(;357 thereof filed to No.C,3 t j:L . 1 h'S;dayWitnessm)'hand alld offi.C!~(~sea t tS . ot..."1z¥19s.:r.R£- .~!:+$i1{;;-7'!? (-..1 <i. (/)CL,..-~\--J r-i .-1 : ::;:0E:A-<..:>c=lL..Z °0....../('!::i- (D C'")LtJ (.:> LL.I .__1-::::eLi;;(J)::;:r-C;;(r) ':0 t.A.j-:( :0 0::::3: ---------------------IIIII!!.e---I t THIRD AND PARTIAL ACCOUNT OF FOR THE TRUST ESTABLISHED UNDER THE WILL OF WALTER E.BAKER,DECEASED DATED AUGUST 26,1946 TRUST FOR WALTER B.WEIMER STATED BY JOSEPH DUNCAN KNISELEY,SUCCESSOR INDIVIDUAL TRUSTEE THE UNION NATIONAL BANK OF PITTSBURGH, SURVIVING TRUSTEE Walter H.Baker died Walter B.Weimer attained the age of (45)forty-five years Date of Trustees Receipt of Funds Account stated for the period June 26,1947 December 16,1981 .April 15,1976 April 15,1976 March 25,1988 Purpose of.Account:The Trustees offers this account to acquaint interested parties with the transactions that have occurred duringtheiradministrationofthisTrust. It is important that the Account be carefillly examined.Requests for additional information or questions or objections can be discussed with Gilbert L.Haag Vice President The Union National Bank of Pittsburgh P.O.Box 837 Pittsburgh,Pennsylvania 15230 (412)644-8328 WALTER H.BAKER TRUST SUMMARY OF ACCOUNT PRINCIPAL-PERSONALTY PAGES RECEIPTS 4-5 NO GAIN OR LOSS ON SURRENDERS 6 NET GAIN ON CONVERSIONS 7-13 SUB-TOTAL $252,317.84 0.00 637,529.04 $889,846.88 LESS DISBURSEMENTS INVESTMENTS CAPITAL CHANGES PRINCIPAL BALANCE REMAINING INCOME-PERSONALTY RECEIPTS LESS DISBURSEMENTS INCOME BALANCE REMAINING COMBINED BALANCE REMAINING 13-14 14-18 19-24 26-~,6 ',. 26 162,681.00 . $15,219.80 41.87 $727,165.88 15,177.93 $742,343.81 WALTER H.BAKER TRUST COMPOSITION OF NET BALANCES PRINCIPAL-PERSONALTY stocks 1,000 shares Aetna Life and Casualty Company,Common 2,600 shares American Express Company, Common 1,000 shares American Home Products Corporation,Common 800 shares Baxter Travenol Laboratories Incorporated,Common 200 shares Bell Atlantic Corporation, Common 700 shares Corestates Financial Corporation, Common 2,000 shares Exxon Corporation,capital 500 shares First Union Real Estate Equity and Mortgage Investments Company,SBI 3,500 shares H.J.Heinz Company,Common 600 shares International Business Machines Corporation,Capital 500 shares Pepsico Incorporated,Common 800 shares Raytheon Company,Common 1,000 shares Texaco,Incorporated,Common 1,922 shares Union National Corporation, Common Bonds $30,000 North Penn Pennsylvania School District 6.10%dated 4/15/87 due 11/1/97 $65,000 Pennsylvania 6.50%dated 5/15/75 due 11/15/88 $10,000 Pennsylvania 4.90%dated 6/1/72 due 12/1/88 -2- Account Value $344,450.00 43,367.00 62,960.00 14,628.09 5,596.02 21,787.50 30,073.O,0 12,705.00_ 32,080.93 30,666.00- 13,675.00' 34,065.05. 3,934.73 7,059.43 30,000.00 56,732.00' 6,120.00- WALTER H.BAKER TRUST .PRINCIPAL-PERSONALTY (continued) Bonds (continued) $40,000 Pennsylvania 7.50%dated 4/1/84 due 10/1/89 $20,000 pennsylvania 6.15%dated 3/15/70 due 9/15/90 $10,000 Pennsylvania General state Authority 4.60%dated 2/15/68 due 7/15/89 $60,000 Pennsylvania Highway 6.20%dated 9/1/70 due 3/1/90 $40,000 Pennsylvania Highway 6.20%dated 6/15/74 due 12/15/90 $30,000 pennsylvania Public School Building Authority Lease Revenue 5.25%dated 5/1/77 due 11/1/91 $30,000 Philadelphia Pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured 6.50% dated 4/1/87 due 7/1/94 $35,000 pittsburgh Pennsylvania FGIC Insured 7.20%dated 8/1/85 due 3/1/91 $40,000 Pennsylvania Urban Redevelopment Authority 8.50%dated 3/1/85 due 8/1/91 $30,000 Red Lion Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50%dated 11/1/86 due 12/1/91 $25,000 Westmoreland County Pennsylvania Municipal Authority Municipal Service Revenue 7.75%dated 12/1/85 due 7/1/94 Less amount due Account for Administrative Expenses TOTAL PRINCIPAL INCOME-PERSONALTY *Cash COMBINED TOTALS *Note:All cash is invested in Federated Trust for Short-Term United States Government Securities Fund -3- ,I ! . Account Value $40,000.00 \ 13,400.00 6,120.00 48,891.00 26,84~.00 30,000.00 30,0,00.00 34,921..25 40,000.00 30,·000.00 25,000.00 (37,909.03) 727,165.88 15,177.93 $742,343.81 r----------------------------------- WALTER H.BAKER TRUST PRINCIPAL-PERSONALTY RECEIPTS Prior Award William G.Stewart,Successor Individual Trustee and The Union 'National Bank of Pittsburgh, surviving Trustee Awarded by Adjudication and Decree of Distribution dated April 15,1976 at No.63-70-318 by the Court of Common Pleas of Washington County,Pennsylvania, Orphans'Court Division Stocks .. : I • I I 253 shares American Telephone and Telegraph Company,Common 146 shares Anaconda Company,Common 19,308 shares Cyclops Corporation,Common 267 shares Duquesne Light Company,Common 382 shares General Motors Corporation, Common 590 shares Gulf oil corporation,capital 398 shares National Steel Corporation, Capital 1,720 shares Texaco Incorporated,Common 721 shares The Union National Bank of Pittsburgh,Capital -4- $7,512.10 2,236.55 127,312.56 5,051.31, 3,926.57 19,513.50 - 4,941.08 , 9,660.90- 7,059.43 WALTER H.BAKER TRUST RECEIPTS (continued) Prior Award (continued) William G.Stewart,Successor Individual Trustee and The Union National Bank of Pittsburgh, Surviving Trustee Awarded by Adjudication and Decree of Distribution dated April 15,1976 at No.63-70-318 by the Court.of Common Pleas of Washington County,Pennsylvania, Orphans'Court Division (continued) 7/26/76 $63,000 United States of America Treasury 7.50%dated 10/1/69 due 8/15/76 Cash Subsequent Receipt Consolidation Coal Company Pro rata share proceeds sale on 12.5 acres undivided interest Capital Gains Distribution First Union Real Estate Equity and Mortgage Investments Company,SBI Capital gains distribution dated 1/30/87 received on 500 shares Cash at .0395 per share $64,413.95 499.31 $252,127.26 $170.83 19.75 Total Principal Receipts -5- $252,317.84 .-/' 2/15/84 WALTER H.BAKER TRUST SURRENDERS FOR EXCHANGE Surrendered 1,000 shares American Telephone and Telegraph Company,Common Carrying value $53,354.41 Received in lieu of the above 1,000 shares American Telephone and Telegraph Company, Common $15,203.88 100 shares American Information Technologies corporpation, Common 5,513.75 100 shares Bell Atlantic Corporation, Common 5,596.02 100 ,shares Bell South Corporation, Common 7,219.87 100 shares NYNEX Corporation, Common 5,251.09 100 shares Pacific Telesis Group, Common 4,736.32 100 shares Southwestern Bell corporation, Common 5,062.69 100 shares US West Incorporated, Common 4,770.79 53,354.41 No Gain or Losses Transferred to Summary Page - -6- WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH 5/24/76 590 shares Gulf Capital Decreed at Net proceeds oil Company, $19,513.50 14,768.39 $4,745.11 5/24/76 146 shares Anaconda Common Net Proceeds Decreed at Co:npany, $3,553.10 2,236.55 $1,316.55 5/24/76 200 shares Cyclops Common Net Proceeds Decreed at Corporation, $4,427.34 1,318.68 3,108.66 $39,594.16 11,868.10 $17,544.92 5,327.46 $64,413.95 63,000.00 5/25/76 8/16/7E 12/7/76 1,800 shares Cyclops Corporation, Common Net Proceeds Decreed at $63,000 United States of America Treasury Note 7.50%dated 10/1/69 due 8/15/76 Decreed at Matured 808 shares Cyclops Corporation, Common Net Proceeds Decreed at 27,726.06 12,217.46 12/9/"j6 12/10/76 12/1:'/76 400 shares Cyclops Common Net Proceeds Decreed at 300 shares Cyclops Common Net Proceeds Decreed at 300 shares Cyclops Common Net Proceeds Decreed at Corporation, $8,767.70 2,637.36 Corporation, $6,554.06 1,978.02 Corporation, $6,606.02 1,978.02 6,130.34. 4 , 5 7 6 • 0 4 '-. tf ~tT1; 4,682.00· $32,650.15 9,890.32 12/27/76 1,500 shares Cyclops Corporation, Common Net Proceeds Decreed at -7- 22,759.83 / ------------------------------------------" WALTER 3.BAKER TRUST FRINCIPAL CONVERSIONS INTO CASH (continued) 11/2/77 3,000 shares Cyclops Common Net Proceeds Decreed at Corporation, $56,467.39 19,781.70 $36,685.69 5/30/78 5/31/78 100 shares Cyclops Common Net Proceeds Decreed at 500 shares Cyclops Common Net Proceeds Decreed at Corporation, $2,542.12 659.39' Corporation, $12,573.32 3,296.95 I 19,;7-,.7.3. 1,180.82 -/9,276.37 $71,003.37 17,144.14 10/4/78 2,600 shares Cyclops Corporation, Common Net Proceeds Decreed at 53,859.23 .V"" 10/3/79 267 shares Duquense Company,Common Decreed at Net Proceeds Light $5,051.31 4,031.34 $1,020.07 ---- 10/3/79 220 shares Texaco, Common Net Proceeds ~. Decreed at Incorporated, 6,581.87 2,109.84 4,472.03 $19,470.83 3,,926.57 $39,749.15 7,473.09 12/21/79 12/21/79 382 shares General Motors Corporation,Common Net Proceeds Decreed at 1,700 shares Cyclops Corporation, Common Net Proceed Carrying value 15,544.26 V 32 , 2 7 6 • 0 6'../" 9/22/80 1,000 shares Gould Common Carrying value Net Proceeds Incorporated, $29,049.20 25,349.14 -8- 3,700.06 WALTER H.BAKER TRUST P~INCIPAL CONVERSIONS INTO CASH (continued) 9/22/80 1,000 shares Cyclops Common Net Proceeds Carrying value Corporation, $26,694.10 4,395.93 $22,298.17 $74,602.47 13,187.80 11/20/80 3,000 shares Cyclops Common Net Proceed Carrying value Corporation, V'61,414.67 $53,659.75 43,362.54 $50,000.00 33,562.50 $30,248.40 18,937.50 $29.719.00 4,395.93 9/16/81 9/25/81 9/25/81 10/6/81 10/6/81 5/12/82 800 shares International Business Machines Corporation, Capital Carrying Value Net Proceeds $50,000 Pennsylvania Highway Bond 5.70%dated 12/1/76 due 6/1/88 Carrying value Proceeds $30,000 Pennsylvania Highway Bond 5.10%dated 4/15/73 due 10/15/88 Carrying value Proceeds 1,000 shares Cyclops corporation, Common Net Proceeds Carrying value 398 shares National Steel Corporation,Capi-:al, Net Proceeds $9,270.78 Decreed at 4,941.08 .333 share Union .National Corporation,Comrron Proceeds $8.25 Carrying value 0.00 -9- $10,297.21~ 16,437.50 11,310.90·L- 25,323.07 .~ 4,329.70 ,~ 8.25 v/ c' WALTER H.BAKER TRUST ,..-' P~INCIPAL CONVERSIONS INTO CASH (continued) $29,544.49 12,675.28 9/9/82 9/9/82 9/9/82 12/8/83 $55,000 Washington County, Pennsylvania Hospital Authority Hospital Revenue (Monogahela Valley Hospital Incorporated Sublessee)Bond 7.25%dated 6/1/76 due 12/1/88 carrying value $55,000.00 Proceeds 47,729.00 $10,000 Lebanon County, Pennsylvania Bond 5.20% dated 7/15/78 due 10/15/88 Carrying value $10,000.00 Net Proceeds 7,651.00 $60,000 Pennsyvania Bond 5.60%datd 9/1/76 due 3/1/87 Carrying value $59,298.00 Proceeds 50,430.00 248 shares International Business Machines Corporation, Capital Net Proceeds Carrying value $7,271.00 t..-- L--2,349.00 8,868.00 $16,869.21 :I $33,998.85 4,395 93 12/8/83 1,000 shares Cyclops Common Net Proceeds Carrying value Corporation, 29,602.92 $19,136.85 2,197.97 2/2/84 3/1/84 500 shares cyclops Corporation, Common Net Proceeds Carrying value $40,000 Pennsylvania Bond 6.75% dated 9/1/76 due 3/1/84 Matured $40,000.00 Carrying value 40,000.00 -10- ../ 16,938.88 -------------------------------------------~---~ WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (continued) 7/1/84 $20,000 Elk County, Pennsylvnaia Industrial Development Authority Commerial Development Gross Revenue Bond 7.75%dated 7/1/74 due 7/1/2009 Proceeds (called)$20,000.00 Carrying value 19,760.80 $239.20 t./'" $48,248.38 4,395.93 4/2/85 1,000 shares Cyclops Common Net Proceeds carrying value Corporation, 43,852.45 ·v 8/6/85 1,000 shares American Telephone and Telegraph Company,Common Net proceeds $20,984.29 Carrying value 15,203.88 5,780.41 'V'" $51,748.26 4,39~·.94 12/9/8'5 1,000 shares Cyclops Common Net Proceeds Carrying value Corporation, 47,352.32 ./ $13,657.04 7,213.87 12/9/E5 300 shares Bell South Corporation, Common Net Proceeds Carrying value L---"6,437.17 12/9/85 100 shares American Information Technologies Corporation,Common Net Proceeds $9,9E9.66 Carrying value 5,513.75 ~4,475.91 i/'4,101.09 9,352.18 5,251.09 $ 100 shares NYNEX Corporation, Common Net Proceeds Carrying value 12/9/85 12/9/85 100 shares Pacific Group,Common Net Proceeds Carrying value Telesis $7,952.23 4,736.32 ./3,215.91 -1!l.- WALTER 3.BAKER TRUST FRINCIPAL CONVERSIONS INTO CASH (continued) 12/9/85 100 shares Southwestern Bell Corporation,Common Net Proceeds $8,077.23 Carrying value 5,062.69 $..--3,014.54 3,731.42""'-- 8,502.21 4,770.79 $ 100 shares US West Incorporated, Common Net Proceeds Carrying value 12/9/85 $38,323.72 2,197.97 10/15/86 500 shares Cyclops Corporation, Common Net Proceeds Carrying value 36,125.75 10/15/86 500 shares H.J. Company,Common Net Proceeds Carrying value Heinz $21,261.78 5,066.06 16 ,195 .72 .V $17,136.92 3,616.33 10/15/86 500 shares Texaco,Incorporated, Common Net Proceeds Decreed at 13,520 59 10/15/86 600 shares Exxon Capital Net Proceeds Carrying value Corporation, $39,579.67 22,675.51 16,904.16 $91,146.95 4,395.93 3/18/87 1,000 shares Cyclops Common Net Proceeds Carrying value Corporation, 86,751.02 $10,000 General Motors Acceptance Corporation Demand Note Redeemed 7/24/78 $10,000.00 Carrying value 10,000.00 -12- $456,300.00 456,300.00 $185,300.00 185,300.00 WALTER H.BAKER T~UST P~INCIPAL CONVERSIONS INTO CASH (continued) $86,600 The Union National Bank of pittsburgh Master Savings Account withdrawn 1/14/77 - 2/9/79 $86,600.00 Carrying value 86,600.00 $456,300 Federated Automated Government Money Trust Redeemed 1/9/80 - 12/9/86 Carrying value $185,300 Federated Trust for Short-Term United States Government Securities Fund Redeemed 1/2/87 - 2/1/88 carrying value '.,I TOTAL GAINS AND LOSSES LESS LOSSES NET GAIN PRINCIPAL DISBURSEMENTS Internal Revneue Service Federal Fiducuiary Income Tax for the calendar years ending 12/31: 1976 1977 1978 1979 1980 1981 1982 1984 1985 1986 1987 -13- $704,941.84 $67,412.80. 67,412.80 $637,529.04 , $3,036.60 10,731.29 9,929.55 11,646.46 10,892.33 1,817.84 678.28 8,670.04 5,869.64 10,412.06 29,843.40 $103,527.49 WALTER 3.BAKER TRUST PRINCIPAL DISBURSEMENTS (continued) Pennsylvania Departement of Revenue Pennsylvnaia Fiduciary Income Tax for the calendar years ending 12/31: 1979 $ 1980 1981 1982 1984 1985 1986 1987 189.24 89.26 6.72 131.46 1,127.12 885.80 1,370.37 2,978.96 $6,778.93 The Union National Bank of Pitttsburgh Trustees fee 12/15/84 -12/24/87 11,233.13 3/25/88 Clerk of Orphans'Cou~t of Washington County,Pennsylvania Cost of filing this Account 3/25/88 Buchanan Ingersoll,Professional Corporation Attorney's fee The Union National Bank of Pittsburgh Deferred Trustees Fee for peri~d 1953-1988 TOTAL PRINCIPAL DISBURSEMENTS PRINCIPAL INVESTMENTS 4/15/73 $30,000 Pennsylvania Highway Bond 5.10%dated 4/15/73 due 10/15/88 at 100.828 $30,248.40 5/21/76 $55,000 Washington County Pennsylvania Hospital Authori~y Hospital Revenue (Monongahela Valley Hospital Incorporated, SUblessee)Bond 7.25%dated 6/1/76 due 12/1/88 at 100 55,000.00 8/19/76 $60,000 Pennsylvania Bond 5.60% dated 9/1/76 due 3/1/87 at 96.830 59,298.00 12/16/76 100 shares International Business Machines Corporation,Capital at 268 1/4 26,885.00 12/28/76 400 shares American Telephone and Telegraph Company,Common at 63 7/8 25,778.00 1/7/77 300 shares Exxon Corporation,captial at 53 1/4 16,134.00 -14- 253.00 4,000;,00' 36,888.45/ $162,681.00 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (continued) 11/1/77 621 shares Gould Incorporated,Common at 29 1/2 $18,489.80 6/5/78 132 shares Gould Incorporated,Common at 29 3/4 3,981.79 6/8/78 $10,000 Lebanon County,Pennsylvania Bond 5.25%dated 7/15/78 due 10/15/88 at 100 10,000.00 10/13/78 100 shares American Telephone and Telegraph Company,Common at 64'6,457.44 10/17/78 30 shares American Telephone and Telegraph,Company,Common at 62 5/8 1,896.39 10/30/78 $50,000 Pennsylvania Highway Bond 5.70%dated 12/1/76 due 6/1/88 at 100 50,000.00 10/3/79 247 shares Gould Incorporated, Common at 26 1/4 6,577.61 10/3/79 50 shares International Business Machines Corporation,Capital at 68 5/8 3,470.75 12/21/79 150 shares International Business Machines Corporation,Capital at 64 1/2 9,765.00 1/2/80 78 shares American Telephone and Telegraph Company,Common at 52 1/3 4,107.87 12/28/79 $40,000 Pennsylvania Bonds 6.75% dated 9/1/76 due 3/1/84 at 100 40,000.00 9/22/80 200 shares International Business Machines Corporation, Capital at 67 1/8 13,539.00 9/22/80 139 shares American Telephone and Telegraph Company,Common at 54 1/8 7,602.61 9/23/80 407 shares Exxon Corporation, Capital at 69 1/8 28,365.87 -15- WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (continued) 11/21/80 93 shares Exxon Corporation, Capital at 88 1/8 11/24/80 1,000 shares Aetna Life and Casualty Company,Common at 34 1/8 12/29/80 $20,000 Elk County,Pennsylvnaia Industrial Development Authority Commercial Development Gross Revenue Bond 7.75%dated 7/1/74 due 7/1/2009 (PR 7/1/84 at 100)at 98.804 9/25/81 $20,000 Pennsylvania Bond 6.15% dated 3/15/70 due 9/15/90 at 67 9/25/81 $40,000 Pennsylvania Highway Bond 6.20%dated 6/15/74 due 12/15/90 at 67.12 9/25/81 $10,000 Pennsylvania General State Authority Bond 4.60%dated 6/15/67 due 7/15/89 at 61.20 9/25/8.1 $10,000 Pennsylvania Bond 4.90% dated 6/1/72 due 12/1/88 at 61.20 10/7/81 659 shares H.J.Heinz Company, Common 400 at 54 5/8 and 258 at 54 1/2 10/19/81 848 shares International Business Machines Corporation,Capital at 50 3/4 9/9/62 $65,000 Pennsylvania Bond 6.50% dated 5/15/75 due 11/15/88 at 87.28 9/9/32 60,000 Pennsylvania Highway Bond 6.20%dated 9/1/70 due 3/1/90 at 81.485 12/6/83 800 shares American Express Company,Common at 33 3/8 -16- 8,248.64 34,445.00 19,760.80 13,400.00 26,848.00 6,120.00 6,120.00 36,242.28 43,341.28 56,732.00 48,891.00 26,916.00 • I;! WALTER H.BAKERl'RUST PRINCIPAL INVESTMENTS (continued) 12/9/83 726 shares Raytheon Company, Common at 42 2/2/84 400 shares American Express Company,Common at 30 1/4 2/2/84 23 shares H.J.Heinz Company, Common at 38 7/8 2/2/84 74 shares Raytheon Company, Common at 44 5/8 3/22/84 $40,000 Pennsylvania Bond 7.50%dated 4/1/84 due 10/1/89 at 100 3/26/85 100 shares American Express Company,Common at 42.35 4/12/85 $40,000 Pittsburgh,Pennsylvania Urban Redevelopment Authority Bond 8.50%dated 3/1/85 due 8/11/91 at 100 8/6/85 200 shares American Home Products Corporation,Common at 60.50 8/6/85 $35,000 Pittsburgh Pennsylvania FGIC Insured Bond 7.20%dated 8/1/85 due 3/1/91 at 99.775 12/9/85 700 shares Corestates Financial Corporation,Common at 31.125 12/9/85 800 shares American Home Products Corporation,Common ·:it 63.25 12/12/85 $25,000 Westmoreland County Pennsylvania Municipal Authority Municipal Service Revenue Bond 7.75%dated 12/1/85 due 7/1/94 at 100 10/15/86 800 shares Baxter Travenol Laboratories Incorporated, Common at 18.125 -17- 30,724.32 12,216.00 904.71 3,340.73 40,000.00 4,235.00 40,000.00 12,120.00 34,921.25 21,787.50 50,840.00 25,000.00 14,628.00 I • I WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (continued) 10/15/86 500 shares Pepsico Incorporated, Common at 27.25 10/15/86 500 shares First Union Real Estate Equity and Mortgage Investments Company,S81 at 25.25 10/20/8E $30,000 Pennsylvania state Public School Building Authority Lease Revenue Bond 5.25%dated 5/1/77 due 11/1/91 at 100 11/25/86 $30,000 Red Lion Pennsylvania Municipal Authority W3ter Revenue AMBAC Insured Bond 5.50% dated 11/1/86 due 12/1/91 at 100 5/1/87 $30,000 North Penn Pennsylvania School District Bond 6.10%dated 4/15/87 due 11/1/97 at 100 5/12/87 $30,000 Philadelphia Pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured Bond 6.50%dated 4/1/87 due 7/1/94 at 100 7/14/78 10,000 General Motors Acceptance Corporation Demand Note at 100 $86,600 The Union National Bank of Pittsburgh Master Savings Account 6/11/76 -10/19y78 $456,300 Federated Automated Government Money Trust 2/9/79 -12/2/86 $185,300 Federated Trust for Short-Term United states Government Securities Fund 12/9/86 -3/16/88 Cash disbured to purchase the above assets -18- 13,675.00 12,705.00 30,000.00 30,000.00 30,000.00 30,000.00 10,000.00 86,600.00 456,300.00 185,300.00 $1,919,960.04 0.00 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES American Express Company,Cornman 12/8/83 800 shares Purchased 2/2/84 400 shares Purchased 1,200 shares 3/26/85 100 shares Purchased 1,300 shares 5/13/87 1,300 shares received in a 2 for stock split as holder of record on 4/3/87 2,600 shares $26,916.00 12.216.00 $39,132.00 4,235.00 $43,367.00 0.00 $43,367.00 8/6/85 12/9/85 2/15/84 12/9/85 American Horne Products Corporation, Common 200 shares Purchased 800 shares Purchased 1,000 shares American Information Technologies Corporation,Common 100 shares received in Surrender ~10~shares Sold $12,120 00 50,840.00 $62,96Q.00.."':"':-~--_._"_.-.__.- $5,513.75 5,513.75 American Telephone and Telegraph Company,Common 253 shares Decreed at 12/28/76 400 shares Purchased 643 shares 10/12/78 100 shares Purchased 753 shares 10/17/78 30 shares Purchased 783 shares 1/2/80 78 shares Purchased 861 shares 9/22/80 139 shares Purchased 1,000 shares 2/15/84 1,000 shares Surrendered o shares 2/15/84 1,000 shares received·-i~.Surrender 1,000 shares 8/6/35 1,000.shares Sold, $7,512.10 25,778.00 $33,290.10 6,457.44 $39,747.54 1,896.39 $41,643.93 4,107.87 $45,751.80 7,602.61 $53,354.41 53,354.41 $0.00 15,203.88 15,203.88 $15,203.88 5/24/76 2/15/84 4/22/86 Anaconda Company,Common 146 shares Decreed at 146 shares Sold Bell Atlantic Corporation,Common 100 shares received in Surrender 100 shares received in a 2 for 1 stock split as holder of record on 3/31/86 200 shares -19- $2.236.55 2,236.55 $5,596.02 0.00 $5,596.02 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) 11,700 shares 12/2l/79 1,700 shares Sold 10,000 shares 9/22:/80 1,000 shares Sold 9,000 shares 11/2,0/80 3 000 shares Sold 6,000 shares 10/6/81 1,000 shares Sold 5,000 shares (carried forward) 2/15/84 5/24/85 12/9/85 5/24/76 5/25/76 12/7/76 12/9/76 12/10/76 12/13/76 12/27/76 11/12/77 5/30/78 5/31/78 10/4/78 2/1/79 Bell South Corporation,Common 100 shares received in Surrender 200 shares received in a 2 for 1 stock split as holder of record on 5/7/84 300 shares 300,shares Sold Cyclops Corporation,Common 19,308 shares Decreed at _-=2=0=0 shares Sold 19,108 shares 1,800 shares Sold 17,308 shares _~8~0~8 shares Sold 16,500 shares _~4~0=0 shares Sold 16,100 shares _-=3=0=0 shares Sold 15,800 shares _~3~0~0 shares Sold 15,500 shares 1,500 shares Sold 14,000 shares 3,000 shares Sold 11,000 shares _-=1=0=0 shares Sold 10,900 shares _~5=0=0 shares Sold 10,400 shares 2,600 shares So~d 7,800 shares 3,900 shares received in a 3 for 2 stock Split as holder of record on 12/18/78 -20- $7,219.87 0.00 $7,219.87 7,219.87 $127,312.56 1,318.68 $125 993.88 11,868.10 $114,125.78 5,327.46 $108,798.32 2,637.36 $106,160.96 1,978.02 $104,182.94 1,978.02 $102,204.92 9,890.32 $92,314.60 19,781.70 $72,532.90 659.39 $71,873.51 3,296.95 $68,576.56 17,144.14 $51,432.42 0.00 $51,432.42 7,473.09 $43,959.33 4,395.93 $39,563.40 13,187.80 $26,375.60 4,395.93 $21,917.60 ---------------------------------------------" 12/8/83 2/2/84 4/8/85 12/9/85 10/15/86 3/18/87 10/3/79 1/7/T! 9/23/80 11/21/80 6/18/81 10/15/86 9/18/87 12/21/79 11/11/77 6/5/78 10/3/79 9/22/80 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) Cyclops Corporation,Common (continued) 5,000 shares (brought foward) 1,000 shares Sold 4,000 shares __~5~0~0 shares Sold 3,500 shares 1,000 shares Sold 2,500 shares 1,000 shares Sold 1,500 shares 500 shares Sold----==1,000 shares 1,000 shares Sold· Duquesne Light Compa~y,Common 267 shares Decreed at 267 shares Sold Exxon Corporation,Capital 300 shares Purchased 407 shares Purchased 707 shares __~9~3 shares Purchased 800 shares 800 shares received in a 2 for Stock Split as holder of record on 5/15/81 1,600 shares 600 shares Sold 1,000 shares 1,000 shares received in a 2 for 1 stock Split as holder of record on 8/13/87 2,000 shares----_.__.-..-....~-_._~-_......,., General Motors Corporation,Common 382 shares Decreed at 382 shares Sold. Gould Incorporated,Common 621 shares Purchased 132 shares Purchased 753 shares 247 shares Purchased 1.000 shares 1,000 shares Sold -21- $21,917.60 4,395.93 $17,:583.74 2,197.97 $15,385.77 4,395.93 $10,989.84 4,395.94 $6,593.90 2,197.97 $4,395.93 4,395.93 $5,051.31 5,051.31 $16,134.00 28,365.87 $44,499.87 8,248.64 $52,748.51 0.00 $52,748.51 22,675.51 $30,073.00 0.00 $30,073 ..90 $3,927.57 3,927.57 $18,489.80 3,981.79 $22,471.59 6,577.61 $29,049.20 29,049.20 5/24/76 10/7/81 2/11/82 10/12/83 2/2/84 10/17/~5 10/15/86 2/16/76 6/19/79 10/3/79 12/21/79 9/22/80 9/16/81 10/19/81 12/8/83 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) Gulf oil Corporation.Capital 590 shares Decreed at 590 shares Sold H.J.Heinz Company.Common 659 shares Purchased 659 shares received in a 2 for 1 Stock Split as holder of record on 9/23/81 1,318 shares 659 shares received in a 3 for 2 stock Split as holder of record on 9/23/83 1,977 shares _---'="2..:,3 shares Purchased 2,000 shares 2.000 shares received in a 2 for 1 Stock Split as holder of record on 9/23/85 4,000 shares 500 shares Sold 3,50Q shares International Business Machines Corporation.Capital 100 shares Purchased 300 shares received in a 4 for 1 Stock Split as holder of record on 5/10/79 400 shares 2Q shares Purchased 450 shares 150 shares Purchased 600 shares 200 shares Purchased 800 shares 800 shares Sold 0 shares 848 shares Purchased 848 shares 248 shares Sold 600 shares -22- $19,513.50 19,513.50 $36,242.28 0.00 $36,242.28 0.00 $36,242.28 904.71 $37,146.99 0.00 $37,146.99 5,066.06 $32,080.93------~ $26,885.00 0.00 $26,885.00 3,470.75 $30,355.75 9.765.00 $40,120.75 13,359.00 $53,659.75 53.659.75 $0.00 43.341.28 $43,341.28 12.675.28 $30,666.00 • WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) • Texaco,Incorporated,Common 1,720 shares Decreed at 10/3/79 220 shares Sold 1,500 shares 10/15/86 500 shares Sold 1,000"shares 2/15/84 12/9/85 10/6/81 2/15/84 12/9/85 12/9/83 2/8/84 2/15/84 12/9/85 2/15/84 12/9/85 5/10/82 5/12/82 5/15/85 NYNEX Corporation,Common 100 shares recevied in Surrender 100 shares Sold National Steel Corporation,Capital 398 shares Decered at 398 shares Sold Pacific Telesis Group,Common 100 shares received in Surrender 100,~hares Sold Raytheon Company,Common 726 shares Purchased -Ii shares Purchased 800 shares_-=.:.::~ Southwestern Bell Ccrproation, Common 100 shares received in Surrender 100 shares Sold US West Incorporated,Common 100 shares Revceived in Surrender ...l.0.0_shares Sold Union National Corporation,Common (formerly The Union National Bank of Pittsburgh,Capital) 721.000 shares Decreed at 240.333 shares received in a 4 for 3 Stock Split as holder of record on 4/26/82 961.333 shares ____~.=3=3=3 shares Sold 961.000 shares 961.000 shares received in a 2 for 1 Stock Split as holder of recorder on 4/25/85 1,922.000 shares -23- $5,251.09 5,251.09 $4,491.08 ~_L4.~~.•_08 $4,736.32 4,73_6.32 $30,724.32 3,340.73 $34,060.05_ $5,062.69 5,062.6~ $9,660.90 2,108.84 $7,551.06 3,616.33 $3,934.73 $4,770.79 4,770.79 $7,059.43 0.00 $7,059.43 0.00 $7,059.43 0.00 $7,091.43 • 8/15/76 7/14/78 7/24/78 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) united States of America Treasury Note 7 1/2%dated 10/1/69 due 8/15/76 $63,000 Decreed at 63,000,Matured General Motors Acceptance Corporation Demand Note $10,000 Purchased 10,000 Redeemed The Union National Bank of Pittsburgh Master Savings Accou~t $86,600 Deposited 6/11/76 -10/19/78 $86,600 withdrawn 1/14/77 -2/9/79 Federated Automated Government Money Trust (formerly Federated Trust for Short-Term united States Government Securities Fund) $456,300 Purchased 2/9/79 -12/2/86 $456,300 Redeemed 1/9/80 -12/9/86 Federated Trust for Short-Term united States Government securities Fund) $185,300 Purchased 12/9/86 -1/5/88 _$.1??,3qQ Redeemed 1/2/87 -3/25/88 -24- $ $ $64,413.95 ~413.95 10,000.00 10,000.00 86,600.00 86,600.00 $456,300.00 456,300.00 $185,300.00 185.300.00 .,:,. WALTER H.BAKER TRUST INCOME -PERSONALTY ($9.58)being amount awarded by Decree of Distribution dated April 15,1976 at No.63-70-318 and all Income received and Disbursements made from January 4,1988 to March 25,1988 (Date of last Quarterly Statement) have been accounted for by Quarterly Statements rendered Walter B.Weimer RECEIPTS Balance in accordance with last Quarterly Statement dated January 4, 1988 Aetna Life and Casualty Comp:my,Cornmon 1,000 shares 2/17/88 American Express Company,Ccrnmon 2,600 shares 2/11/88 American Horne Products Corporation, Cornmon 1,000 shares 3/2/88 Baxter Travenol Laboratories, Incorporated,Cornmon ·800 shares 1/5/88 Bell Atlantic Corporation,Cornmon 200 shares 2/2/88 Corestates Financial Corporation, Cornmon 700 shares 1/5/88 Exxon Corporation,Capital 2,000 shares 8/11/88 First Union Real Estate Equity and Mortgage Investments Company,SBI 500 shares 2/1/88 H.J.Heinz Company,Cornman 3,500 shares 1/12/88 International Business Machines Corporation,Capital 600 shares 3/11/88 Pepsico,Incorporated,Cornmon 500 shares 1/5/88 -25- $ -.... 0.00 690.00 494.00 900.00 88.00 192.00 262.50.- 1,000.00 187.50 . 1,085.00 660.00 85.00 ·.... WALTER H.BAKER TRUST RECEIPTS (continued) Raytheon Company,Common 800 shares 2/1/88 Union National Corporation,Common 1,922 shares 3/11/88 Pennsylvania Bond 6.15% $20,000 9/15/87 -3/15/88 Pennsylvania Highway Bond 6.20% $60,000 9/1/87 -3/1/88 Pennsylvania General State Authority Bond 4.60% $10,000 7/19/87 -1/19/88 Philadelphia,Pennsylvania,Hospital and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured Bond 6.50% $30,000 7/1/87 -1/1/88 Pittsburgh,Pennsylvania,FGIC Insured Bond 7.20% $35,000 9/1/87 -3/1/88 Pittsburgh,Pennsylvania,Urban Redevelopment Authority 8.50% 8.50% $40,000 8/1/88 -2/1/88 Westmoreland County,Pennsylvania, Munic~pal Authority,Municipal Service Revenue Bond 7.75% $25,000 7/1/87 -1/1/88 $ .400.00 653.40 615.00 1,860.00 230.00 1,462.50 1,260.00 1,700.00 968.75 Federated Trust for Short-Tern United States Government Securities Fund 12/:/87 -2/29/88 TOTAL INCOME RECEIPTS INCOME -PERSONALTY DISBURSEMENTS 426.07 ,I r~?"$15,219.80 t/Y 1/12/88 Pennsylvania Department of Revenue Pennsylvania Fiduciary Income Tax for the calendar year ending 1987 -26- $41.87 GILBERT L.HAAG,Vice President of THE UNION NP.TIONAL BANK OF PITTSBURGH,Surviving Trustee Under the Will dated August 26,1946 of Walter H.Baker,Deceased,h~reby declares under oath that said Trustee has fully and faithfully discharged the duties of his office; that the foregoing Third and Pa=tial Account is true and correct;and fully discloses all significant transactions occurring during the accounting period;that all known claims against the trust have been paid in full;that,to his knowledge,there are no claims now outstanding against the Trust Estate;and that all taxes presently due from the trust have been paid. ~ident Subscribed and sworn to by GILBERT L.HAAG befor~~~ this 5!7'xL day of ~,1988. ~~L\.v/~/ Notary PlfiI~~ THElUSA KUBICAR.MOURY PUBLIC p;nSOUlHlH,AllEGHENY COUN1Y ltV CO~M!SSION E~P!~[S OEC.11.1989. Member,Pennsylvania Association 01 Not~·'~& REQUEST FOR DISTRIBUTION Accountant requests that distribution be determined by the Court in accordance with the Petition for Distribution to be offered in evidence at the audit of this account. THE BY UNION NATIONAL BANK OF PITTSBURGH ~JJit~~.~-~reSl.dent : " ':;.,.. JOSEPH DUNCAN KNISELEY,Successor Individual Trustee Under the Will of Walter H.Eaker,Deceased,hereby declares under oath that said Trustee has fully and faithfully discharged the duties of his office;that the foregoing Third and Partial Account is true and correct,and fully discloses all significant transactions occurring during the accounting period;that all known claims against the trust have been paid in full;that,to his knowledge,there are no claims now outstanding against ·the Trust Estate;and that all taxes presently'due from·.the trust have been paid. • ,1988. REQUEST FOR DISTRIBUTION Accountant requests that distribution be determined by the Court in accordance wit6 the Petition for Distribution to be offered in evidence at the audit of this account. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA WALTERH.BAKER,DECEASED TRUST FOR WALTER B.WEIMER CJ':"')<I{,f)Q..-..'-lr·,r-~-l . 1 --0,_.~0I~.- L J C.-::I.L.~.......I -0 (.) '<.0)a;"J :..::f--- C)r-l iLl ...) lU r-·~.",.. :....----e:::c·-(I)-....-_.......-~...:(~)U) jt_i .(:.:)r-.:~:.:) ORPHANS'COURT DIVISION NO.63 ...70-318 AMENDED THIRD AND PARTIAL ACCOUNT "CODE " TRUST UNDER WILL DATED AUGUST 26,1946 FILED ON BEHALF OF JOSEPH DUNCAN KNISELEY SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE COUNSEL OF RECORD JAMES W.UMMER,ESQUIRE PA I.D.#16428 BUCHANAN INGERSOLL PROFESSIONAL CORPORATION FIRM #038 USX TOWER 600 GRANT STREET,57TH FL.: PITTSBURGH,PA 15219 (412)562-8800 --.._-;....:~....~-.",,,.-, "' AMENDED THIRD AND PARTIAL ACCOUNT.' FOR THE TRUST ESTABLISHED UNDER THE WILL OF WALTER H.BAKER,DECEASED DATED AUGUST 26,1946 TRUST FOR WALTER B.WEIMER STATED BY JOSEPH DUNCAN KNISELEY,SUCCESSOR INDIVIDUAL TRUSTEE THE UNION NATIONAL BANK OF PITTSBURGH, SURVIVING TRUSTEE Walter H."Baker died Walter B.Weimer attained the age of (45)forty-five years Date of Trustees receipt of Funds Account stated for the period June 26,1947 December 16,1987 April 15,1976 April 15,1976 March 25,1988 Purpose of Amended Account:The Trustees offers this amended account to acquaint interested parties with the transactions that have occurred during their administration of the Trust. It is important that the amended account be carefully examined.Requests for additional information or questions or objections can be discussed with: Gilbert L.Haag Vice President The Union National Bank of Pittsburgh P.O.Box 837 Pittsburgh,Pennsylvania 15230 " (412)644-8328 .... i . WALTER H.BAKER TRUST SUMMARY OF AMENDED ACCOUNT PRINCIPAL-PERSONALTY RECEIPTS NO GAIN OR LOSS ON SURRENDERS NET GAIN·ON CONVERSIONS LESS DISBURSEMENTS INVESTMENTS CAPITAL CHANGES PRINCIPAL BALANCE REMAINING INCOME-PERSONALTY PAGES 5-6 $252,317.84/ 7 0.00 8-14 637,529.04 / SUB-TOTAL $889,846.88 ~ 14-15 162,681.00 ~ 19-20 21-28 $727,165.88 RECEIPTS LESS DISBURSEMENTS, INCOME BALANCE REMAINING COMBINED BALANCE REMAINING 29-30 30 1?-.4 Lif ~$15,219 . 80 I "/17 41.87 115,177.93 1 $742,343.81 ~ WALTER H.BAKER TRUST COMPOSITION OF NET BALANCES PRINCIPAL-PERSONALTY Stocks 1,000 shares Aetna Life and Casualty Company,Common 2,600 shares American Express Company, Common 1,000 shares American Home Products Corporation,Common 80D shares Baxter Travenol Laboratories Incqrporated,Common 200 shares Bell Atlantic Corporation, Common 700 shares Corestates Financial Corporation, Common 2,000 shares Exxon corporation,Capital 500 shares First Union Real Estate Equity and Mortgage Investments Company,SBI 3,500 shares H.J.Heinz Company,Common 600 shares International Business Machines Corporation,Capital 500 shares Pepsico Inco~porated,Common 800 shares Raytheon Company,Common 1,000 shares Texaco,Incorporated,Common 1,922 shares Union National corporation, Common -2- .' Account Value $34,445.00 43,367.00 62,960.00 14,628.00 5,596.02 21,787.50 30,073.00 12,705.00, 32,080.93 30,666.00 13,675.00 34,065.05 3,934.73 7,059.43 WALTER H.BAKER TRUST PRINCIPAL-PERSONALTY (c.ontinued) Bonds $30,000 North Penn Pennsylvania School District 6.10%dated 4/15/87 due 11/1/97 $65,000 Pennsylvania 6.50%dated 5/15/75 due 11/15/88 $10,000 Pennsylvania 4.90%dated 6/1/72 due 12/1/88 $40,000 Pennsylvania 7.50%dated.4j1/84 due 10/1/89 $20,000 Pennsylvania 6.15%dated 3/15/70 due 9/15/90 $10,000 Pennsylvania General State Authority 4.60%dated 2/15/68 due 7/15/89 $60,000 Pennsylvania Highway 6.20%dated 9/1/70 due 3/1/90 $40,000 Pennsylvania Highway 6.20%dated 6/15/74 due 12/15/90 $30,000 Pennsylvania Public School Building Authority Lease Revenue 5.25%dated 5/1/77 . due 11/1/91 $30,000 Philadelphia pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical center)AMBAC Insured 6.50% dated 4/1/87 due 7/1/94 $35,000 Pittsburgh Pennsylvania FGIC Insured 7.20%dated 8/1/85 due 3/1/91 $40,000 Pittsburgh Pennsylvania Urban Redevelopment Authority 8.50%dated 3/1/85 due 8/1/91 -3- $30,000.00 56,732.00 6,120.00 40,000.00 13,400.00 6,120.00 48,891.00 26,848.00 30,000.00 30,000.00 34,921.25 40,000.00 PRINCIPAL-PERSONALTY (continued) $30,000 Red Lion Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50%dated 11/1/86 due 12/1/91 $25,000 Westmoreland County Pennsylvania Municipal Authority Municipal Service Revenue 7.75%dated 12/1/85 due ~/1/94 Less Amount due Accountant for Administrative Expenses TOTAL PRINCIPAL INCOME-PERSONALTY *Cash COMBINED TOTALS *Note:All cash is invested in Federated Trust for Short-Term United States Government Securitites Fund -4-' $30,000.00 25,000.00 (-37,909.03) 727,165.88 15,177.93 $742,343.81 WALTER H.BAKER TRUST PRINCIPAL-PERSONALTY RECEIPTS Prior Award William G.Stewart,Successor Individual Trustee and The Union National Bank of pittsburgh, Surviving Trustee Awarded by Adjudication and Decree of Distribution dated April 15,1976 at No.63-70-318 by the Court of Common Pleas of Washington County,Pennsylvania, Orphans'Court Division Stocks· 253 shares American Telephone and Telegraph Company,Common 146 shares Anaconda Company,Common 19,308 shares Cyclops Corporation,Common 267 shares Duquesne Light Company,Common 382 shares General Motors Corporation, Common 590 shares Gulf oil Corporation,Capital ·398 shares National Steel Corporation, Capital 1,720 shares Texaco Incorporated,Common 721 shares The Union National Bank of Pittsburgh,Capital -5- $7,512 .10 ~ 2,236.55 /' 127,312.56 ~ v--5,051.31 &---3,926.57 ,/19,513.50 ,/"4,941.08 9,660.90 7,059.43 WALTER H.BAKER TRUST RECEIPTS (continued) Prior Award (continued) William G.Stewart,Successor Individual Trustee and The Union National Bank of Pittsburgh, Surviving Trustee (continued) Awarded by Adjudication and Decree of Distribution dated April 15,1976 at No.63-70-318 by the Court of Common Pleas of Washington County,Pennsylvania, Orphans'Court Division (continued) 7/26/76 $63,000 united States of America Treasury 7.50%dated 10/1/69 due 8/15/76 Cash SUbsequent Receipt Consolidation Coal Company Pro rata share proceeds sale on 12.5 acres undivided interest Capital Gains-Distribution First Union Real Estate Equity and Mortgage Investments Company,SBI Capital gains distribution dated 1/30/87 received on 500 shares Cash at .0395 per share $64,413.95 499.31 ;y/' $252,~"27.26 ./ 170.83 19.75 Total Principal Receipts -6- "$252,317.84 / WALTER H.BAKER ~RUST SURRENDERED FOR EXCHANGE 2/15/84 Surrendered 1,000 shares American Telephone Telegraph Company, Carrying value and Common $53,354.41 Received in lieu of the above 1,000 shares American. Telephone and Teiegraph Company, Common $15;203.88 100 shares American Information Technologies Corporpation, Common 5,513.75 100 shares Bell Atlantic Corporation, Common 5,596.02 100 shares Bell South Corporation, Common 7,219.87 100 shares NYNEX Corporation, Common 5,251.09 100 shares Pacific Telesis Group, Common 4,736.32 100 shares Southwestern Bell Corporation, Common 5,062.69 100 shares US West Incorporated, Common 4,770.79 53,354.41/ No Gain or Loss Transferred to Summary Page -7- WALTER H.BAKER TRUST P~INCIPAL CONVERSIONS INTO CASH 5/24/76 590 shares Gulf Capital Decreed at Net proceeds oil Company, $'19,513.50 14,768.39 $4,745.11 ~ 5/24/76 146 shares Anaconda Common Net Proceeds Decreed at Company, $3,553.10 2,236.55 $~1,316.55 5/24/76 200 shares Cyclops Common Net Proceeds Decreed at Corporation, $4,427.34 1,318.68 ./3,108.66 $39,594.16 11,868.10 "'$64,413.95 63,000.00 $17,544.92 5,327.46 5/25/76 8/16/76 12/7/76 1,800 shares Cyclops Corporation, Common Net Proceeds Decreed at $63,000 United States of America ~reasury Note 7.50%dated 10/1/69 due 8/15/76 Decreed at Matured 808 shares Cyclops Corporation, Common Net Proceeds Decreed at 27,726.06 /'12,217.46 ~1,413.95 12/9/76 12/10/76 12/13/76 400 shares Cyclops Common Net Proceeds Decreed at 300 shares Cyclops Common Net Proceeds Decreed at 300 shares Cyclops Common Net Proceeds Decreed at Corporation, $8,767.70 2,637.36 Corporation, $6,554.06 1,978.02 Corporation, $6,606.02 1,978.02 -8- .,,/6,130.34 4,576.04/ 4,628.00 WALTER H.BAKER TRUST " PRINCIPAL CONVERSIONS INTO CASH (continued) 12/27/76 1,500 shares Cyclops Common Net Proceeds Decreed at Corporation, $32,650.15 9,890.32 ...----$22,759.83 $56,467.39 19,781.70 11/2/77 3,000 shares Cyclops Corporation, Common Net Proceeds Decreed at 36,685.69 ~ 5/30/78 5/31/78 100 shares Cyclops Common Net Proceeds Decreed at 500 shares Cyclops Common Net Proceeds Decreed at Corporation, $2,542.12 659.39 Corporation, $12,573.32 3,296.95 1,882.73 .....-/ 9,276.37 v $71,003.37 17,144.14 10/4/78 2,600 shares Cyclops Corporation, "Common Net Proceeds Decreed at 53,859.23"V 10/3/79 267 shares buquesne Company,Common Decreed at Net Proceeds Light $5,051.31 4,031.24 $1,020.07 V " 10/3/79 220 shares Texaco, Common Net Proceeds Decreed at Incorporated, $6,581.87 2,109.84 /'4,472.03 $19,470.83 3,926.57 12/21/79 382 shares General Motors Corporation,Common Net Proceeds Decreed at -9- 15,544.26 '. WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (continued) $39,749.15 7,473.09 12/21/79 1,700 shares Cyclops Common .Net Proceed Carrying value Corporation, $32,276.06 /" 9/22/80 '1,000 shares Gould Common . Carrying value Net Proceeds Incorporated, $29,049.20 25,349.14 $-----3,700.06 $26,694.10 4,395.93 9/22/80 1,000 shares Cyclops Corporation, Common Net Proceeds Carrying value 22,298.17/ $74,602.47 13,187.80 11/20/80 3,000 shares Cyclops Common Net Proceed Carrying value Corporation, 61,414.67 t/ $53,659.75 43,362.54 $50,000.00 33,562.50 $30,248.40 18,937.50 $29,719.00 4,395.93 9/16/81 9/25/81 9/25/81 10/6/81 800 shares International Business Machines Corporation, Capital Carrying Value Net Proceeds $50,000 Pennsylvania Eighway Bond 5.70%dated 12/1/76 due 6/1/88 Carrying value Proceeds $30,000 Pennsylvania Eighway Bond 5.10%dated 4/15/73 due 10/15/88 Carrying value Proceeds 1,000 shares Cyclops Corporation, Common ' Net Proceeds Carrying value -10- 10,297.21l/'" .~16,437.50 I/'"25,323.07 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS·INTO CASH (contin~ed) $29,544.49 12,675.28 10/6/81 5/12/82 . 9/9/82 9/9/82 9/9/82 12/8/83 398 shares National Steel Corporation,Capital Net Proceeds $9,270.78 Decreed at 4,941.08 .333 share Union National Corporation,Common Proceeds $8.25 Carrying value 0.00 $55,000 Washington County, Pennsylvania Hospital Authority Hospital Revenue (Monogahela Valley Hospital Incorporated Sublessee)Bond 7.25%dated 6/1/76 due 12/1/88 Carrying value $55,000.00 Proceeds 47,729.00 $10,000 Lebanon County, Pennsylvania Bond 5.20% dated 7/15/78 due 10/15/83 Carrying value $10,000.00 Proceeds 7,651.00 $60,000 Pennsylvania Bond 5.60%dated 9/1/76 due 3/1/87 Carrying value $59,298.00 Proceeds 50,430.00 248 shares International Business Machines Corporation, Capital Net Proceeds Carrying value $4,329.70 l--- 8.25 $7,271.00 L-- 2,349.00 L.. 8,868.00 L---. 16,869.21 / $33,998.85 4,395.93 12/8/83 1,000 shares Cyclops Common Net Proceeds Carrying value Corporation, -11- /29,602.92 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (continued) 2/2/84 500 shares Cyclops Common Net Proceeds Carrying value corporation, $19,136.85 2,197.97 $16,938.88 ~ 3/1/84 7/1/84 $40,000 Pennsylvania Bond 6~75% dated 9/1/76 due 3/1/84 Matured $40,000.00 carrying value 40,000.00 $20,000 Elk County, Pennsylvania Industrial Development Authority Commercial Development Gross Revenue Bond 7.75%dated 7/1/74 due 7/1/2009 Proceeds (called)$20,000.00 Carrying value 19,760.80 239.20 .....-- $48,248.38 4,395.93 4/2/85 1,000 shares Cyclops Common Net Proceeds carrying value Corporation, ...-/43,852.45 $51,748.26 4,395.94 $13,657.04 7,219.87 8/6/85 12/9/85 12/9/85 12/9/85 1,000 shares American Telephone and Telegraph Company,Common Net proceeds $20,984.29 Carrying value 15,203.88 1,000 shares Cyclops Corporation, Common Net Proceeds Carrying value 300 shares Bell South Corporation, COMon Net Proceeds Carrying value 100 shares American Information Technologies Corporation,Common Net Proceeds $9,989.66 Carrying value 5,513.75 -12- 5,780.41 / ./47,352.32 /6,437.17 /4,475.91 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (continued) Corporation,12/9/85 12/9/85 100 shares NYNEX Common· Net Proceeds Carrying value 100 shares Pacific Group,Common Net Proceeds Carrying value $9,352.18 5,251.09 Telesis $7,952.23 4,736.32 $.----4,101.09 3,215.91 12/9/85 100 shares Southwestern Bell Corporation,Common Net Proceeds $8,077.23" Carrying value 5,062.69 3,014.54 L/ 3,731.42 .......-- 8,502.21 4,770.79 $ 100 shares US"West Incorporated, Common Net Proceeds Carrying value 12/9/85 $38,3"23.72 2,197.97 10/15/86 500 shares Cyclops Corporation, Common Net Proceeds Carrying value 36,125.75 /" 10/15/86 500 shares H.J. Company,Common Net Proceeds Carrying value Heinz $-21,261.78 5,066.06 16,195.72/' $17,136.92 3,616.33 10/15/86 500 shares Texaco,Incorporated, Common Net Proceeds Decreed at 13,520 59 ..,,/' 10/15/86 600 shares Exxon Capital Net Proceeds Carrying value Corporation, $39,579.67 22,675.51 16,904.16 -13- $91,146.95 4.395.93 $456,300.00 .;.4 56 , 3 00 •00 $185,300.00 185,300.00 3/18/87 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (continued) 1,000 shares Cyclops Corporation, Common Net Proceeds Carrying value $10,000 General Motors Acceptance Corporation Demand Note. Redeemed 7/24/78 $10,000.00 Carrying value 10,000.00 $86,600 The Union National Bank of Pittsburgh Master Savings Account withdrawn 1/14/77 - 2/9/79 $86,600.00 Carrying value 86,600.00 $456,300 Federated Automated Government Money Trust Redeemed 1/9/80 - 12/9/86 Carrying value $185,300 Federated Trust for Short-Term United States Government Securities Fund Redeemed 1/2/87 - 2/1/88 Carrying value TOTAL GAINS AND LOSSES LESS LOSS NET GAIN PRINCIPAL DISBURSEMENTS Internal Revenue Service Federal Fiduciary Income Tax for the calendar years ending 12/31: -14- /86,751.02 $704,941.84~67,412.80 /" /'67,412.80 $637,529.04 WALTER H.BAKER TRUST PRINCIPAL DISBURSEM~NTS (continued) Internal Revenue Service (continued) 1976 1977 1978 1979 1980 1981 1982 1984 1985 1986 1987 $3,036.60 10,731.29 9,929.55 11,646.46 10,892.33 1,817.84 678.28 8,670.04 5,869.64 10,412.06 29,843.40 ~ $103,527.49 Pennsylvania Department of Revenue Pennsylvania Fiduciary Income Tax for the calendar years ending 12/31: 1979 1980 1981 1982 1984 1985 1986 1987 The Union National Bank of Pittsburgh Trustees fee 12/15/84 -12/24/87 3/25/88 Clerk of Orphans'Court of Washington County,Pennsylvania Cost of filing this Account 3/25/88 Buchanan Ingersoll,Professio~al Corporation Attorney's fee $189.24 89.26 6.72 131.46 1,127.12 885.80 1,370.37 2,978.96 $6,778.93 11,233.13 253.00 4,000.00 / I~Ii i The Union National Bank of Pittsburgh Deferred Trustees Fee for period 1953-1988 TOTAL PRINCIPAL DISBURSEMENTS -15- 3 6 ,888 . 45 ...............1 .~$162,681.00 ----------------------------------------------------' WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS 4/15/73 5/21/76 8/19/76 $30,000 Pennsylvania Highway Bond 5.10%dated 4/15/73 due 10/15/88 at 100.828 $55,000 Washington.County Pennsylvania Hospital Authority Hospital Revenue (Monongahela Valley Hospital Incorporated, Sublessee)Bond 7.25%dated 6/1/76 due 12/1/88 at 100 $60,000 Pennsylvania Bond 5.60% dated 9/1/76 due 3/1/87 at 98.830 $30,248.40 55,000.00 59,298.00 12/16/76 100 shares International Business Machines Corporation,Capital at ~ 268 1/4 26,885.00 .....t,~. 12/28/76 400 shares American Telephone andQ1 j ' Telegraph Company,Common at 63 1/8 25,778.00 1/7/77 11/11/77 6/5/78 300 shares Exxon Corporation,Capital at 53 1/4 16,134.00 621 shares Gould Incorporated,Common at 29 1/2 18,489.80 132 shares Gould Incorporated,Common at 29 3/4 3,981.79 .6/8/78 $10,000 Lebanon County,Pennsylvania Bond 5.25%dated 7/15/78 due 10/15/88 at 100 10,000.00 10/13/78 100 shares American Telephone and Telegraph Company,Common at 64 6,457.44 10/17/78 30 shares American Telephone and Telegraph Company,Common at 62 5/8 1,896.39 10/30/78 $50,000 Pennsylvania Highway Bond 5.70%dated 12/1/76 due 6/1/88 at 100 50,000.00 -16- WALTER H.BAKER TRUST' PRINCIPAL INVESTMENTS (continued) 10/3/79 247 shares Gould Incorporated, Common at 26 1/4 $6,577.61 10/3/79 50 shares International Business Machines Corporation,Capital at 68 5/8 '3,470.75 12/21/79 150 shares International Business Machines Corporation,Capital at 64 1/2 9,765.00 1/2/80 78 shares American Telephone and Telegraph Company,Common at 52 1/3 4,107.87 12/28/79 $40,000 Pennsylvania Bond 6.75% dated 9/1/76 due 3/1/84 at 100 40,000.00 9/22/80 200 shares International Business Machines corporation, Capital at 67 1/8 13,539.00 9/22/80 139 shares American Telephone and Telegraph Company,Common at ,54 1/8 7,602.61 9/23/80 407 shares Exxon Corporation, Capital at 69 1/8 28,365.87 11/21/80 93 shares Exxon Corporation, Capital at 88 1/8 8,248.64 11/24/80 1,000 shares Aetna Life and Casualty Company,Commo~ at 34 1/8 34,445.00 12/29/80 $20,000 Elk County,Pen~sylvania Industrial Development Authority Commercial Development Gross Revenue Bond 7.75%dated 7/1/74 due 7/1/2009 (PR 7/1/84 at 100)at 98.804 19,760.80 9/25/81 $20,000 Pennsylvania Bond 6.15% dated 3/15/70 due 9/15/90 at 67 13,400.00 -17- WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (continued) 9/25/81 $40,000 Pennsylvania Highway Bond 6.20%dated 6/15/74 due 12/15/90 at 67.12 9/25/81 $10,000 Pennsylvania General .State Authority Bond 4.60%dated 6/15/67 due 7/15/89 at 61.20 9/25/81 $10,000 Pennsylvania Bond 4.90% dated 6/1/72 due·12/1/88 at 61.20 10/7/81 659 shares H.J.Heinz Company, Common 400 at 54 5/8 and 259 at 54 1/2 10/19/81 848 shares International Business Machines Corporation,Capital at 50 3/4 9/9/82 $65,000 Pennsylvania Bond 6.50% dated 5/15/75 due 11/15/88 at 87.28 . 9/9/82 $60,000 Pennsylvania Highway Bond 6.20%dated 9/1/70 due 3/1/90 at 81.485 12/8/83 800 shares American Express Company,Common at 33 3/8 12/9/83 726 shares Raytheon Company, Common at 42 2/2/84 400 shares American Express Company,Common at 30 1/4 2/2/84 23 shares H.J.Heinz Company, Common at 38 7/8 2/2/84 74 shares Raytheon Company, Common at 44 5/8 -18- $26,848.00 6,120.00 6,120.00 36,242.28 43,341.28 56,732.00 48,891.00 26,916.00 30,724.32 12,216.00 904.71 3,340.73 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (continued) 3/22/84 $40,000 Pennsylvania Bend 7.50%dated 4/1/84 due 10/1/89 at 100 3/26/85 100 shares American Express Company,Common at 42.25 4/12/85 $40,000 Pittsburgh,Pennsylvania Urban Redevelopment Authority Bond 8.50%dated 3/1/85 due 8/1/91 at 100 8/6/85 200 shares American Home Products Corporation,Common at 60.50 8/6/85 $35,000 Pittsburgh Pennsylvania FGIC Insured Bond 7.20%dated 8/1/85 due 3/1/91 at 99.775 12/9/85 700 shares Corestates Financial Corporation,Common at 31.125 12/9/85 800 shares American Home Products Corporation,Common at 63.25 12/12/85 $25,000 Westmoreland County Pennsylvania Municipal Authority Municipal Service Revenue Bond 7.75%dated 12/1/85 due 7/1/94 at 100 10/15/86 800 shares Baxter Travenol Laboratories Incorporated, Common at 18.125 10/15/86 500 shares Pepsico Incorporated, Common at 27.25 10/15/86 500 shares First Union Real Estate Equity and Mortgage Investments Company,SBI at 25.25 -19- $40,000.00 4,235.00 40,000.00 12,120.00 34,921.25 21,787.50 50,840.00 25,000.00 14,628.00 13,675.00 12,705.00 WALTER H.BAKER TRUST l PRINCIPAL INVESTMENTS (continued) 10/20/86 $30,000 Pennsylvania State Public School Building Authority Lease Revenue Bond 5.25%dated 5/1/77 due 11/1/91 at 100 11/25/86 $30,000 Red Lion Pennsylvania Municipal Authority Water Revenue AMBAC Insured Bond 5.50% dated 11/1/86 due 12/1/91 at 100 5/1/87 $30,000 North Penn Pennsylvania School District Bond 6.10%dated 4/15/87 due 11/1/97 at 100 5/12/87 $30,000 Philadelphia Pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured Bond 6.50%dated 4/1/87 due 7/1/94 at 100 . 7/14/78 10,000 General Motors'Acceptance Corporation Demand Note at 100 $86,600 The Union National Bank of Pittsburgh Master Savings Account 6/11/76 -10/19/78 $456,300 Federated Automated Government Money Trust 2/9/79 -12/2/86 $185,300 Federated Trust for Short~Term United States Government Securities Fund 12/9/86 -3/16/88 Cash disbursed to purchase the above assets -20- $30,000.00 30,000.00 30,000.00 30,000.00 10,000.00 86,600.00 456,300.00 185,300.00 $1,919,960.04 0.00 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES American Express Company,Common 12/8/83 800 shares Purchased 2/2/84 400 shares Purchased 1,200 shares 3/26/85 100 shares Purchased .1,300 shares 5/13/87 1,300 shares Received in a 2 for 1 stock split as holder of record on 4/3/87 2,600 shares $26,916.00 12,216.00 $39,132.00 4,235.00 $43,367.00 0.00 $43,367.00 8/6/85 12/9/85 2/15/84 12/9/85 12/28/76 10/12/78 10/17/78 1/2/80 9/22/80 2/15/84 2/15/84 8/6/85 5/24/76 American Home Products Corporation, Common 200 shares Purchased 800 shares Purchased 1.000 shares American Information Technologies Corporation,Common 100 shares Received in Surrender 100 shares Sold American Telephone and Telegraph Company,Common 253 shares Decreed at 400 shares Purchased 653 shares 100 shares Purchased 753 shares 30 shares Purchased 783 shares 78 shares Purchased 861 shares 139 shares Purchased 1,000 shares 1,000 shares Surrendered 0 shares 1,000 shares Received in Surrender 1,000 shares 1,000 shares Sold Anaconda Company,Common 146 shares Decreed at 146 shares Sold -21- $12,120 00 50,840.00 $62,960.00 $5,513.75 5,513.75 $7,512.10 25,778.00 $33,290.10 6,457.44 $39,747.54 1,896.39 $41,643.93 4,107.87 $45,751.80 7,602.61 $53,354.41 53,354.41 $0.00 .15;203.88 15,203.88 $15,203.88 $2,236.55 2,236.55 WALTER H.BAKER ~RUST PRINCIPAL CAPITAL CHANGES (continued) 2/15/84 4/22/86 2/15/84 5/24/84 12/9/85 Bell Atlantic Corporation,Common 100 shares Received in Surrender 100 shares Received in a 2 for 1 ---stock split as holder of record on 3/31/86 200 shares Bell South Corporation,Common 100 shares Received in Surrender 200 shares Received in a 3 for 1 stock split as holder of record on 5/7/84 300 shares 300 shares Sold $5,596.02 0.00 $5,596.02 $7,219.87 0,00 $7,219,87 7,219.87 Cyclops Corporation,Common 19,308 shares Decreed at 5/24/76 200 shares Sold 19,108 shares 5/25/76 1,800 shares Sold 17,308 shares 12/7/76 808 shares Sold 16,500 shares 12/9/76 400 shares Sold 16,100 shares 12/10/76 300 shares Sold 15,800 shares 12/13/76 300 shares Sold 15,500 shares 12/27/76 1,500 shares Sold 14,000 shares 11/2/77 3,000 shares Sold 11,000 shares 5/30/78 100 shares Sold 10,900 shares 5/31/78 500 shares Sold 10,400 shares 10/4/78 2,600 shares Sold 7,800 shares 2/1/79 3,900 shares Received in a 3 for 2 Stock Split as holder of record on 12/18/78 11,700 shares (carried forward) -22- $127,312.56 1,318.68 $125,993.88 11,868.10 $114,125.78 5,327.46 $108,7~8.32 2,637.36 $106,160.96 1,978.02 $104,182.94 1,978,02 $102,204.92 9,890.32 $92,314.60 19,781.70 $72,532.90 659.39 $71,873.51 3(296.95 $68,576.56 17,144.14 $51,432.42 0.00 $51,432.42 WALTER H.BAKERT~UST PRINCIPAL CAPITAL CHANGES (continued) Cyclops Corporation,Common (continued) 11,700 shares (brought forward) 12/21/79 1,700 shares Sold 10,000 shares· 9/22/80 __1,000 shares Sold 9,000 shares 11/20/80 3 000 shares -Sold 6,000 shares 10/6/81 1,000 shares Sold 5,000 shares 12/8/83 1,000 shares Sold 4,000 _shares 2/2/84 500 shares Sold 3,500 shares 4/2/85 1,000 shares Sold 2,500 shares 12/9/85 1,000 shares Sold 1,500 shares 10/15/86 500 shares Sold 1,000 shares 3/18/87 1,000 shares Sold Duauesne Light Company,Common 267 shares Decreed at 10/3/79 267 shares Sold Exxon'Corporation,Capital 1/7/77 300 shares Purchased 9/23/80 407 shares Purchased 707 shares 11/21/80 93 shares Purchased 800 shares 6/18/81 800 shares Received in a 2 for 1 stock Split as holder of record on 5/15/81 1,600 shares 10/15/86 600 shares Sold 1,000 shares 9/18/87 1,000 shares Received in a 2 for 1 Stock Split as holder of record on 8/13/87 2,000 shares -23- $51,432.42 7,473.09 $43,959.33 4,395.93 $39,563.40 13,187.80 $26,375.60 4,395.93 $21,979.67 4,395.93 $17,583'.74 2,197.97 $15,385.77 4,395.93 $10,989.84 4,395.94 $6,593.90 2,197.97 $4,395.93 4,395.93 $5,051.31 5,051.31 $16,134.00 28,365.87 $44,499.87 8,248.64 $52,748.51 0.00 $52,748.51 22,675.51 $30,073.00 0.00 $30,073.00 12/21/79 11/11/77 6/5/78 10/3/79 9/22/80 5/24/76 10/7/81 2/11/82 10/12/83 2/2/84 10/17/85. 10/15/86 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) General Motors Corporation,Commcn 382 shares Decreed at 382 shares Sold Gould Incorporated,Common 621 shares Purchased 132 shares Purchased 753 shares 247 shares Purchased 1,000 shares 1,000 shares Sold Gulf oil corporation,Capital 590 shares Decreed at 590 shares.Sold H.J.Heinz Company,Common 659 shares Purchased 659 shares Received in a 2 for 1 Stock Split as holder 0:record on 9/23/81 1,318 shares 659 shares Received in a 3 for 2 Stock Split as holder of record o~ 9/23/83 1,977 shares __-=2=3 shares Purchased 2,000 shares 2,000 shares Received in a 2 fo~ 1 Stock Split as holder of record on 9/23/85 4,000 shares 500 shares Sold 3,500 shares -24- $3,926.57 3,926,57 $18,489.80 3,981.79 $22,471.59 6,577.61 $29,049.20 29,049.20 $19,513.50 19,513.50 $36,242.28 0.00 $36,242.28 0.00 $36,242.28 904.71 $37,146.99 0.00 $37,146.99 5,066.06 $32,080.93 2/16/76 6/19/79 10/3/79 12/21/79 9/22/80 9/16/81 10/19/81 12/8/83 2/15/84 12/9/85 10/6/81 2/15/84 12/9/85 12/9/83 2/8/84 2/15/84 12/9/85 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) International Business Machines Corporation,Capital 100 shares Purchased 300 shares Received in a 4 for 1 Stock Split as holder of record on 5/10/79 400 shares -2Q shares Purchased 450 shares 150 shares Purchased 600 shares 200 shares Purchased 800 shares 800 shares Sold 0 shares 848 shares Purchased 848 sha.res 248 shares Sold 600 shares NYNEX Corporation,Common 100 shares Received in Surrender 100 shares Sold National Steel Corporation,Capital 398 shares Decreed at 398 shares Sold Pacific Telesis Group,Common 100 shares Received in Surrender 100 shares Sold Raytheon Company,Common 726 shares Purchased -I!shares Purchased 800 shares Southwestern Bell Corproation, Common 100 shares Received in Surrender 100 shares Sold -25- $26,885.00 0.00 $26,885.00 3,470.75 $30,355.75 9,765.00 $40,120.75 13,539.00 $53,659~75 53,659.75 $0.00 43,341.28 $43,341.28 12,675.28 $30,666.00 $5,251.09 5,251.09 $4,491.08 4,491.08 $4,736.32 4,736.32 $30,724.32 3,340.73 .$34;065.05 $5,062.69 5,062.69 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) 961.333 shares 5/12/82 .333 shares Sold 961.000 shares 5/15/85 961.000 shares Received in a 2 for 1 Stock Split as holde::::'of record on 4/25/85 1,922.000 shares 10/3/79 10/15/86. 2/15/84 12/9/85 5/10/82 12/29/80 7/1/84 7/15/78 9/2/82 Texaco,Incorporated,Common 1,720 shares Decreed at 220 shares Sold 1,500 shares 500 shares Sold 1,000 shares US West Incorporated,Ccmmon 100 shares Received in Surrender 100 shares Sold Union National Corporation,Common (formerly The-Union National Bank of Pittsburgh,Capital) 721.000 shares Decreed at 240.333 shares Received in a 4 for 3 stook Split as holder of record on 4/26/92 Elk County,Pennsylvania Industrial Development Authority Conmercial Development Gross Revenue Bond 7.75% 7/1/74 due 7/1/2009 $20,000 Purchased $20,000 Called Lebanon County,Pennsylvania Bond 5.25%dated 7/15/78 due 10/15/B8 $10,000 Purchased 10,000 Sold -26- $9-;-660.90 2,109.84 $7,551.06 3,616.33 $3,934.73 $4,770.79 4,770.79 $7,059.43 0.00 $7,059.43 0.00 $7,059.43 0.00 $7,059.43 $19,760.80 19,.760.80 $10,000.00 10,000.00 9/1/76 9/9/82 12/28/79 3/1/84 4/15/73 9/25/81 10/30/78 9/25/81 6/1/76 9/9/82 8/15/76 7/14/78 7/24/78 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES (continued) Pennsylvania Bond 5.60%dated 9/1/76 due 3/1/87 $60,000 Purchased $60,000 Sold Pennsylvania Bond 6.75%dated 9/1/76 due 3/1/84 $40,000 Purchased -7 40,000 Matured Pennsylvania Highway Bond 5.10% dated 4/15/73 due 10/15/88 $30,000 Purchased 30,000 Sold Pennsylvania Highway Bond 5.70% dated 12/1/76 due 6/1/88 $50,000 Purchased 50,000 Sold Washington·County,Pennsylvania Hospital Authority Hospital Revenue (Monongahela Valley Hospital Incorporated Sublessee)Bond 5.25% dated 6/1/76 due 12/1/88 $55,000 Purchased 55,000 Sold United States of America Treasury Note 7 1/2%dated 10/1/69 due 8/15/76 $63,000 Decreed at 63,000 Matured General Motors Acceptance Corporation Demand Note $10,000 Purchased 10,000 Redeemed The Union National Bank of Pittsburgh Master Savings Account $86,600 Deposited 6/1lj76 -10/19/78 $86,600 Withdrawn 1/14/77 -2/9/79 -.27- $59,298.00 59,298.00 $40,000.00 40,000.00 $30,248.40 30,248.40 $50,000.00 50,000.00 $55,000.00 55,000.00 $64,413.95 64,413.95 $10,000.00 10,000.00 $86,600.00 86,600.00 WALTER H.BAKER TRUST .·PRINCIPAL CAPITAL CHANGES (continued) Federated Automated Government Money Trust (formerly Federated Trust for Short-Term United states Government Securities) $456,300 Purchased 2/9/79 -12/2/86 $456,300 Redeemed 1/9/80 -12/9/86 Federated Trust for Short-Term United states Government Securities Fund $185,300 Purchased 12/9/86 -1/5/88 $185,300 Redeemed 1/2/87 -3/25/88 -28- $456,300.00 456,300.00 $185,300.00 185.300.00 WALTER H.BAKER TRUST INCOME -PERSONALTY ~being amount awarded by Decree~ribution dated April 15,1976 at No.63-70-318'and all Income received and Disbursements made from January 4,1988 to March 25,1988 (Date of last Quarterly Statement) have been accounted for by Quarterly Statements rendered Walter B.Weimer RECEIPTS Balance in accordance with last Quarterly Statement dated January 4, 1988 $0.00 494.00 690.00.) -_.../ Aetna Life and Casualty Company,Common 1,000 shares 2/17/88 American Express Company,Common 2,600 shares 2/11/88 American Home Products Corporation, Common 1,000 shares 3/2/88 900.00 Baxter Travenol Laboratories, Incorporated,Common ·800 shares 1/5/88 88.00 Bell Atlantic Corporation ,Comrr.on 200 shares 2/2/88 192.00 Corestates Financial Corporaticn, Common 700 shares 1/5/88 262.50 Exxon Corporation,Capital 2,000 shares 8/11/88 1,000.00 First Union Real Estate Equity and Mortgage Investments Company,SBI 500 shares 2/1/88 187.50 H.J.Heinz Company,Common 3,500 shares 1/12/88 1,'085.00 International Business Machines Corporation,Capital 600 shares 3/11/88 660.00 Pepsico,Incorporated,Common 500 shares 1/5/88 85.00 -29- .................,.._-- WALTER E.BAKER TRUST RECEIPTS (continued) Raytheon Company,Common 800 shares 2/1/88 Union National Corporation,Common 1,922 shares 3/11/88 Pennsylvania Bond 6.15% $20,000 9/15/87 -3/15/88 Pennsylvania Highway ,Bond 6.20\ $60,000 9/1/87 -3/1/88 Pennsylvania General State Authority Bond 4.60% $10,000 7/19/87 -1/19/88 Philadelphia,Pennsylvania,Hospital and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured Bond 6.50'% $30,000 7/1/87 -1/1/88 Pittsburgh,Pennsylvania,FGIC Insured Bond 7.20% ,$35,000 9/1/87 -3/1/88 Pittsburgh,Pennsylvania,Urban ' Redevelopment Authority 8.50% $40,000 8/1/88 -2/1/88 , Westmoreland County,Pennsylvania, Municipal Authority,Municipal Service Revenue Bond 7.75% $25,000 7/1/87 -1/1/88 $400.00 653.40 615.00 1,860.00 230.00' 1,462.50 1,260.00 1,700.00 968.75 Federated Trust for Short-Term United States Government Securities Fund 12/1/87 -2/29/88 TOTAL INCOME RECEIPTS INCOME -PERSONALTY DISBURSEMENTS 426.07 1;;"": $15,219.80 j )}f 1/12/88 Pennsylvania Department of Revenue Pennsylvania.Fiduciary Income Tax for the calendar year ending 1987 -30- $41.87 c-... STATE OF FLORIDA ss: COUNTY OF JOSEPH DUNCAN KNISELEY,Successor Individual Trustee " .. Under the Will of Walter H.Baker,Deceased,hereby declares ({ under oath that said Trustee has fUlly and faithfully discharged the duties of his office:that the foregoing Amended Third and Partial Account is true and correct,and fully discloses all significant transactions occurring during the accounting period:that all known claims against the trust have been p~id in full;that,to his knowledge,there are no claims now outstanding against the Trust Estatei and that all taxes presently due from the trust have been paid. Subscribed and sworn to by JOSEp,H DUNCAN KNISELEY before .;:me t:~~..~i 1.day of WlAy i"r..... ~ -"'0 "",.~. I ;: ,.~,>"~~c:::'. \\\. ~OTARY PUBLIC STATr OF F'ORIDl MY COMMISSION EXP.SEPT 8,1990 BONOrO THP.UGE~£RAl I~S,UN~. ,1988. REQUEST FOR DISTRIBUTION Accountant requests that distribution be determined by the Court in accordance with the Petition for Distribution to be offered in evidence at the audit of this account. -----_...~_......"".......-.-.-v. GILBERT L.HAAG,Vice President of THE UNION NATIONAL BANK OF PITTSBURGH,Surviving Trustee Under the Will dated August 26,1946 of Walter H.Baker,Deceased,hereby declares under oath that said Trustee has fUlly and faithfully discharged the duties of his office; that the foregoing Amended Third and Partial Account is true and correct,and fully discloses all significant transactions occurring during the accounting period~that all known claims against the trust have been paid in full;that,to his knOWledge,there are no claims now outstanding against the Trust Estate;and that all taxes presently due from the trust have been paid. ~~-i-d-e-n-t--- Subscribed and Sworn to by GILBERT L.HAAG before me _'/ this cf/7l~day of ~W~ (J 1/~{/,\'-I&~~k/44-/ Notary ublic T!lfR~SA·IHlaICAp.,HOURY PUBLIC PlmBU~GH.ALJ..EGHE~veOUNTY ~.l~Y eOMP~ISSIOH EXPIRfSDEC.11,.1989 . l'ember.Pennsylvania Association of Notarf~~ ,1988. '. REQUEST FOR DISTRIBUTION Accountant requests that distribution be 'determined by the Court in accordance with the Petition for Distribution to be offered in evidence at the audit of this account. THE UNION NATIONAL BANK OF PITTSBURGH BY Odktd~'"Vl~~clo-e....l;;:~l--e-s-i-d-e-n-t------- In the court of Common Pleas of Washington county, Pennsylvania Orphans'Court Division J~ ESTATE OF WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER No.63-70-318 In the matter of the THIRD AND PARTIAL Account of JOSEPH DUNCAN KNISELEY, SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE ADJUDICATION AND DECREE And now June'~,1988,this matter having came on for hearing,audit and distribution and testimony taken;upon due considerationethereof,the balance for distribution in the hands of the Accountant is determined to be $774,674.83 and the account is accordingly confirmed;and it is ordered,adjUdged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof,unless exceptions hereto,be filed sec.reg.or an appeal taken herefrom sec.leg. By the Court, SCHEDULE OF Balance per account Third and Partial Account filed Additional Debits -Audit Additional Credits -Audit Balance DISTRIBUTION $50,291.90 $17,960.88 $742,343.81 $792,635.71 $774,674.83 Attorney Buchanan Ingersoll,P.C. To:Walter B.Weimer 1/4 share per Election filed,balance viz: Principal ~Personalty Stocks 800 shares Baxter Travenol Laboratories, Incorporated, Common $14,628.00 'Vd "00 I'd C\.!.~~li HSv Ii' SllP~~n :'I~:".:i"-:;"',!--'","v •V ~_.'oJ g~OT U8 8 Hnr RP "T r...•" ,f'T " • I • II stocks (continued) 200 shares Bell Atlantic Corporation, Common $5,596.02 700 shares Corestates Financial Corporation, Common 21,787.50 500 shares Exxon Corporation, Capital 7,518.25 500 shares First Union Real Estate Equity and Mortgage Investments Company, SBI 12,705.00 1,000 shares H.J. Heinz Company, Common 9,165.98 500 shares Pepsico Incorporated,. Common 13,675.00 1,922 shares 'Union National Corporation, Common 7,059.43 Bonds $30,000 North Penn, Pennsylvania School District 6.10% dated 4/15/87 due 11/1/97 30,000.00 $30,000 Pennsylvania Public School Building Authority Lease Revenue 5.25% dated 5/1/77 due 11/1/91 30,000.00 $20,000 Red Lion, Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50%dated 11/1/86 due 12/1/91 20,000.00 .i Cash 4,082.41 $176,217.59 $598,457.24 ·1 1 I To:Joseph Duncan Kniseley, Successor Individual Trustee and The Union National Bank of Pittsburgh,Surviving Trustee under the will; for Walter B.Weimer for further administration and accounting,-balance viz: Principal -Personalty Stocks 1,000 shares Aetna Life and Casualty Company,Common $34,445.00 2,600 shares American Express Company, Common 43,367.00 1,000 shares American" Home Products Corporation, Common 62,960.00 1,500 shares Exxon Corporation, Capital 22,554.75 2,500 shares H.J. Heinz Company, Common 22,914.95 600 shares International Business Machines Corporation, Capital 30,666.00 800 shares Raytheon Company, Common 34,065.05 Bonds $20,000 Pennsylvania 6.15%dated 3/15/70 due 9/15/90 13,400.00 $60,000 Pennsylvania Highway 6.20%dated 9/1/70 due 3/1/90 48,891.00 $10,000 Pennsylvania 4.90%dated 6/1/72 due 12/1/88 6,120.00 I "',.,. Bonds (continued) $40,000 Pennsylvania 6.20%dated 6/15/74 due 12/15/90 $26,848.00 $65,000 Pennsylvania 6.50%dated 5/15/75 due 11/15/88 56,732 ..00 $40,000 Pennsylvania 7.50%dated 4/1/84 due 10/1/89 40,000.00 $10,000 Pennsylvania General state Authority 4.60%dated 2/15/68 due 7/15/89 6,120.00 $30,000 Philadelphia, Pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured 6.50%dated 4/1/87 due 7/1/94 30,000.JO $35,000 Pittsburgh, Pennsylvania FGIC Insured 7.20%dated 8/1/85 due 3/1/91 34,921.25 $40,000 Pittsburgh, Pennsylvania Urban Redevelopment Authority 8.50% dated 3/1/85 due 8/1/91 40,000.00 $10,0000 Red Lion, Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50%dated 11/1/86 due 12/1/91 10,000.00 $25,000 Westmoreland County,Pennsylvania Municipal Authority Municipal Service Revenue 7.75%dated 12/1/85 due 7/1/94 25,000.00 No.63-70-318 In the matter of the Third and Partial Account of Joseph Duncan Kniseley, Successor Individual Trustee and The Union National Bank of Pittsburgh,Surviving Trustee of Estate of Walter H.Baker,Deceased, Trust Under will for Walter B.Weimer Adjudication and Decree ~. • 0 Cash -PersonaltyIncome Cash $5,662.6~ $594,667.6 3,789.62 $598,457.24 No Balance ",'ii"•., J/ ~I-------------------------------------------------- I In the Hatter of the Estate of WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR In th~orphans'Court Division of the Court of Common Pleas of Washington County Pennsylvania WALTER B.WEIMER DECEASED No.63-70-318 Know All Men By These Presents,that I,WALTER B.WEIMER do hereby acknowledge to have received from Joseph Duncan Kniseley, Successor Individual Trustee and The Union National Bank of Pittsburgh,Surviving Trustee the following Stocks Bonds Principal cash $92,135.18 80,000.00 4,082.41 $176,217.59 in full of the amount awarded me under the decree of the Orphans'Court Division of the Court of Common Pleas of Washington,Pennsylvania entered at the abov:number. And I do further authorize and dire=t the Clerk of the Orphans'Court Division to enter a receipt on the Audit Docket 19~ Witness:J '7D'J'DQ c.~~~~~AL)~wlLTEB.WEIMER Fee for Filing this Receipt -$l;~uO"OD NOJ8hPHSV'A\ S:ll!~l,:HI ~n ,3!f:?lJ L1 21 wei 08 NOr QQ i -~.-,"'-c./~I'/P () ~/-L K'Y3 C No.63-8 70-318 -!.. '~ l AUDIT VOL.___PAGE _ RECEIPT ESTATE OF UALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER DEC'D. " t ..- Filed Fee Attorney Address .~:~ James W.Ummer,Esquire Buchanan Inqersoll,P.C. 5700 USX Tower pittsburqh,PA 15219 ·'1.'-l:t.'. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY, PENNSYLVANIA ORPHANS'COURT DIVISION ESTATE OF WALTER H.BAKER,DECEASED TRUST t~~DER WILL FOR WALTER B.WEIMER No.63-70-318 In the matter of the Fourth and Partial Account of Joseph Duncan Kniseley,Successor Individual Trustee and National City Bank of Pennsylvania,Successor to Integra Trust Company,National Association,Integra National Bank/pittsburgh And The Union National Bank of pittsburgh, Surviving Trustee ADJUDICATION AND DECREE "And now 5 19~"9=;this matter having came on for hearing,stribution and testimony taken;upon due consideration thereof,the balance for distribution in the hands of the Accountant is determined to be $748,860.83,and the account is accordingly confirmed;and it is ordered,adjUdged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof,unless exceptions hereto,be filed sec.reg.or an appeal taken herefrom sec. leg.' SCHEDULE OF DISTRIBUTION 7 Balance per Fourth &Partial Account Filed Additional Debits per Petition Additio~al Credits per Petition Balance $19,957.05 $33,299.27 $762,203.05 782,160.10 $748,860.83 Principal -Personalty Attorney:R.Michael Daniel,Esquire Buchanan Ingersoll, Professional Corporation TO:Walter B.Weimer 1/4 share per Schedule and Election filed,viz: Stocks 150 shares Abbott Laboratories,Common $4,496.25 "iJd '"0'1 "\\"nlC'll\ilL\CVM"v "./.,).'lll J 1 S11\N\jQ o31S183~ oi :\1\~~8-833 Db ·... $186,609.14 3,952.50 4,354.69 5,154.33 7,459.37 7,948.44 3,896.31 4,205.62 5,828.17 6,311.10 2,551.25 6,006.25 6,220.00 8,206.65 8,209.50 11,051.25. . $8,927.50 3,822.50 $119,877.93 66,731.21Cash stocks (.Continued) 1,125 shares American Home Products Corporation,Common 250 shares Arden Realty Group Incorporated, Common 50 shares Atlantic Richfield Company, Common 225 shares Avalonbay Communities Incorporated,Common 305 shares Bank One Corporation,Common 125 shares Chevron Corporation,Common 400 shares Duke Realty Investments Incorporated, Common 550 shares Exxon Corporation,Common 325 shares Fannie Mae, Common 300 shares First Union Corporation,Common 7,207.50 125 shares GTE Corporation, Common 4,068.75 1,687 shares H.J.Heinz Company,Common 250 shares International Flavors &Fragrances Incorporated,Common 75 shares Johnson & Johnson,Common 250 shares Merck & Company Incorporated, Common 150 shares Norwest Corporation,Common 125 shares PPG Industries Incorporated, Common 500 shares Schering- Plough Corporation, Common 125 shares UST Incorporated,Common .: ., TO: " Joseph Duncan Kniseley, Successor Individual Trustee and National City Bank of Pennsylvania,Successor to Integra Trust Company, National Association, Integra National Bank/ Pittsburgh,The Union National Bank of Pittsburgh, surviving Trustee,for further administration and accounting,viz: Principal -Personalty Stocks 450 shares Abbott Laboratories,Common $13,.488.75 3,375,shares American Home Products Corporation,Common 26,782.50 750 shares Arden Realty Group Incorporated, Common 18,660.00 150 shares Atlantic Richfield Company, Common 7,653.75 675 shares Avalonbay Communities Incorporated,Common 17,484.50 917 shares Bank One Corporation,Common 24,673.77 375 shares Chevron Corporation,.Common 18,018.75 1,200 shares Duke Realty Investments Incorporated,Common 24,628.50 1,650 shares Exxon Corporation,Common ]1,688.94 975 shares Fannie Mae, Common ]8,933.28 900 shares First Union Corporation,Common 21,622.50 375 shares GTE Corporation,Common ]2,206.25 5,063 shares H.J.Heinz Company,Common ]5,469.12 750 shares International Flavors &Fragrances Incorporated,Common 33,153.75 225 shares Johnson & Johnson,Common 12,616.88 750 shares Merck & Company Incorporated, Common 23,845.31 450 shares Norwest Corporation,Common 11,857.50 stocks (Continued) 375 shares PPG Industries Incorporated, Common $13,064.06 1,500 shares Schering- Plough Corporation, Common 22,378.13 375 shares UST Incorporated,Common 11,467.50 Bonds $50,000 Allegheny County,PA Hospital Development Authority Revenue Health Center University of pittsburgh Med MBIA Insured 4.40% dated 12/1/95 due 12/1/2001 $50,000 Parkland PA School District MBIA Insured 5.40%dated 3/15/95 due 9/1/2005 Cash Income -Personalty Cash 49,869.00 50,000.00 $459,562.74 97,454.46 $557,017.20 5,234,49 $562,251.69 $748,860.83 ,; r ~, ~--'C) ~~ ~~ ~ t "C No.63-70-318 In the matter of the Fourth And Partial Account of Joseph Duncan Kniseley, Successor Individual Trustee And National city Bank of Pennsylvania, Successor To Integra Trust Company,National Association Integra National Bank/Pittsburgh And The Union National Bank of Pittsburgh, Surviving Trustee Estate of Walter H.Baker,Deceased Trust Under will For Walter B.Weimer tv ----~~ J I ~ -....i... Co ~ ~..l ~ ,.~~ct-... ',"'~ ~~. .'. f"';' In the Matter of the Estate of ESTATE OF WALTER R.BAKER, DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER In the Orphans'Court Division of the court of Common Pleas of washington county pennsylvania .::;:..D ::;::::c;--\.0 ,r. ~~=:::r-:(--...,U'"'>rT1 _•..1 ... \:::r::G).:t3':'':".:'~~".'.Z co;:;-< G)rri r-YI NO.63-70-318 ~~'-.D ::=Z7) ;;?o 11"1 -0 .-'''1 £_-n :::b ~.--.....,; Q:2:t::::J .....-'r->~;r-0'='W --I-0 r-.,....,.,J><.n Know All Men By These Presents,that I,WALTER B.WEIMER,do hereby acknowledge to have received ,from Joseph Duncan Kniseley,Successor Individual Trustee and National city Bank of Pennsylvania,Successor to Integra Trust'Company,National Association,Integra National Bank/ Pittsburgh and The Union National Bank of pittsburgh,Surviving Trustee, the following: Stocks Principal Cash $119,877.93 66.731.21 $186.609.14 in full payment of the amount awarded me under the decree of the Orphans' Court Division of the Court of Common Pleas of Washington County, Pennsylvania entered at the above number. And I do further authorize and direct the Clerk of the Orphans'Court Division to enter a receipt on the Audit Docket witness my hand and seal this It~day of in my name,place and stead. ~.19ft, " Notarial Seal Jacklin A.Bryant,Notary Public North Franklin Twp.,Washington County My Commission Expires March 9.2000 Mp,mher,pp.nnsvlvani~Assnr.iMiM [If ~hl~""" "4f NO.63-70-318 AUDI'l~VOL _ RECEIPT ESTATE OF PAGE WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER ,.H.•C::'ff"':t{¥<-.y, 'J 0 ~,1";".,''':... '_0 \> '\i\':/'. l <?,,'"'-\),._0",- \--}.,~~,J,':.~l '''y l."l ~~,.;~c7 l/~"'..,""~J,ff,J \r"'J ~"\'\~'r')".."'" '?,7'"~-.~'~~',,,;',~~'" FILE FEE ATTORNEY, ADDRESS R.MICHAEL DANIEL,ESQUIRE BUCHANAN,INGERSOLL 20TH FLOOR ONE OXFORD CENTER 301 GRANT STREET PITTSBURGH,PA 15219-1410 ?' rNiRE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA / , I· WALTER H.BAKER,DECEASED FOR WALTER B,WEIMER t, .' ORPHANS'COURT DMSION NO.63-70-318 FOURTH AND PARTIAL ACCOUNT "CODE "------- TRUST UNDER WILL DATED AUGUST 26,1946 FILED ON BEHALF OF NATIONAL CITY BANK OF PENNSYLV~SUCCESSOR TO INTEGRA TRUST COMPANY, NATIONAL ASSOCIATION, INTEGRA NATIONAL BANKIPITTSBURGH,AND THE UNION NATIONAL BANK OF PITTSBURGH,AS ONE OF THE TRUSTEES COUNSEL OF RECORD R.MICHAEL DANIEL,ESQUIRE PAID #23145 BUCHANAN,INGERSOLL FIRM #052 20TH FLOOR ONE OXFORD CENTER 301 GRANT STREET PITTSBURGH,PA.15219-1410 (412)562-8837 FOURlli AND PARTIAL ACCOUNT FOR THE TRUST ESTABLISHED UNDER THE WILL OF WALTER E.BAKER,DECEASED DATED AUGUST 26,1946 TRUST FOR WALTER B.WEIMER STATED NATIONAL CITY BANK OF PENNSYLVANIA, SUCCESSOR TO INTEGRA TRUST COMPANY,NATIONAL ASSOCV\TION, INTEGRA NATIONAL BANKIPITTSBURGH, AND THE UNION NATIONAL BANK OF PITTSBURGH, AS ONE OF THE TRUSTEES DATED OF TRUSTEE'S RECEIPT OF FUNDS: ACCOUNT STATED FOR 1HEPERIOD: MAY 04,1988 MAY 04,1988 TO JUNE 01,1998 PURPOSE OF ACCOUNT:THE TRUSTEES OFFER lHIS ACCOUNT TO ACQUAINT INTERESTED PARTIES WITH 1HE TRANSACTIONS THAT HAVB OCCURRED DURING 1HEIR ADMINISTRATION. IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED.REQUESTS FOR ADDITIONAL INFORMATION OR QUESTIONS OR OBJECTIONS CAN BE DISCUSSED WIlli: SHARON K.WALTZ TRUST OFFICER NATIONAL CITY BANK OF PENNSYLVANIA 2 WEST MAIN STREET SUITE 100 UNIONTOWN,PA.15401 (412)644-6200 WALTER H.BAKER TRUST SUMMARY AND INDEX PAGES PRINCIPAL -PERSONALTY RECEIPTS 05 $594,66'1.62 NO GAIN OR LOSS ON SURRENDERS 05 0.00 NET GAIN ON CONVERSIONS 05 -12 295,05('.10 SUB-TOTAL $889)11.72 LESS DISBURSEMENTS .12 -13 136,713.24 BALANCE BEFORE DISTRIBUTIONS $753,004.48 LESS DISTRIBUTIONS 000 INVESTMENTS 13 -17 CAPITAL CHANGES 18-23 PRINCIPAL -PERSONALTY BALANCE REMAINING INCOME -PERSONALTY $753,004.48 RECEIPTS LESS DISBURSEMENTS BALANCE BEFORE DISTRIBUTIONS LESS DISTRIBUTIONS 23 -24 24. $33,555.73 2,111.70) $31,444.03 22,245.16 INCOME -PERSONALTY BALANCE REMAINING COMBINED BALANCE REMAINING ------ 9,198.57 $762,20305 wALTER H.BAKER TRUST COMPOSITION OF NET BALANCES CLOSING PRICES AS OF 06/05/98 PRINCIPAL -PERSONALTY STOCKS: 600 SHARES ABBOTT LABORATORIES, COMMON $22,500.00 4,500 SHARES AMERICAN HOME PRODUCTS CORPORATION,COMMON 232,312.50 600 SHARES ARDEN REALTY GROUP INCORPORATED,COMMON 16,125.00 200 SHARES ATLANTIC RICHFIELD COMPANY,COMMON 16,212.80 1,200 SHARES AVALON PROPERTIES INCORPORATED,COMMON 33,825.60 1,222 SHARES BANC ONE CORPORATION, COMMON 68,890.25 500 SHARES CHEVERON CORPORATION, COMMON 41,250.00 1,600 SHARES DUKE REALTY INVESTMENTS INCORPORATED, COMMON 35,800.00 200 SHARES ELECTRONIC DATA SYSTEM CORPORATION,NEW COMMON 7,162.60 2,200 SHARES EXXON CORPORATION, COMMON 157,988.60 1,300 SHARES FANNIE MAE 79,544.40 1,200 SHARES FIRST UNION CORPORATION,COMMON 67,200.00 2 ACCOUNT VALUE $17,985.00 35,710.00 16,848.00 10,205.00 23,885.00 32,880.42 24,025.00 32,838.00 7,315.00 15,585.25 25,244.38 28,830.00 WALTER H.BAKER TRUST COMPOSITION OF NET BALANCES (CONTINUED) CLOSING PRICES AS OF 06/05/98 PRINCIPAL -PERSONALTY ACCOUNT VALUE STOCKS: 500 SHARES GTE CORPORATION, COMMON 29,500.00 16,275.00 6,750 H J HEINZ COMPANY,COMMON 372,093.75 20,623.45 1,000 INTERNATIONAL FLAVORS AND FRAGRANCES INCORPORATED, COMMON 47,000.00 44,205.00 300 SHARES JOHNSON &JOHNSON COMPANY 21,450.00 16,822.50 1,000 SHARES MERCK &COMPANY INCORPORATED,COMMON 119,563.00 31,793.75 600 SHARES NORWEST CORPORATION, COMMON 23,812.80 15,810.00 500 SHARES PPG INDUSTRIES INCORPORATED,COMMON 37,500.00 17,418.7? 2,000 SHARES SCHERING-PLOUGH CORPORATION,COMMON 179,750.00 29,837.50 500 SHARES UST INCORPORATED, COMMON 13,375.00 15,290.00 BONDS: $50,000 ALLEGHENY COUNTY PENNSYLVANIA HOSPITAL DEV AUTH REV HEALTH CTR UNIVERSITY PITTSBURGH MED MBIA INSURED 4.40%DATEDDUE 12/01/2001 50,484.00 49,869.00 $50,000 PARKLAND PA SCHOOL DISTRICT MBIA INSURED 5.40% DATED 03/15/95 DUE 09/0112005 51,281.00 50,000.00 3 WALTER H.BAKER TRUST COMPOSITION OF NET BALANCES (CONTINUED) CLOSING PRICES AS OF 06/05/98 . PRINCWAL-PERSONALTY BONDS: $50,000 WESTERN WAYNE PA SCHOOL DISTRICT AMBAC INSURED 5.30%DATED 02/01/92 DUE 10/15/2000 $50,234.00 INVESTMENTS: $123,708.48 ARMADAPA TAX EXEMPT PORT (TREAT AS CASH)123,108.48 $1,898,563.78 INCOME -PERSONALTY INVESTMENTS: $9,198.50 ARMADAPA TAX EXEMPT PORT (TREAT AS CASH)9,198.57 $1,90776235 4 ACCOUNT VALUE $50,000.00 123,108.48 $753,004.48 $9,198.57 $76220305 wALTER H.BAKER TRUST PRINCIPAL -PERSONALTY RECEIPTS PRINCIPAL BALANCE PER AMENDED THIRD AND PARTIAL ACCOUNT FILED TOTAL PRINCIPAL -PERSONALTY RECEIPTS SURRENDERS FOR EXCHANGE $594,667.62 $59466762 11/08/95 SURRENDERED 500 SHARES BEVERLY ENTERPRISES INCORPORATED CARRYING VALUE RECEIVED IN LIEU OF ABOVE $25,000 BEVERLY ENTERPRISES INCORPORATED CONY SUB DEB 5.50%DATED11/01/95 DUE 08/0112018 $27,587.50 27,587.50 $0.00 NO GAIN ORLOSS TRANSFERRED TO SUMMARY PAGE PRINCIPAL CONVERSIONS INTO CASH GAINILOSS 11/15/88 12/01/88 65,000 PENNSYLVANIA 6.50%DATED 05/15175 DUE 11/15/88 PROCEEDS MATURED CARRYING VALUE 10,000 PENNSYLVANIA 4.90%DATED 06/01172 DUE 12/01/88 PROCEEDS MATURED CARRYING VALUE $65,000.00 56,732.00 $10,000.00 6,120.00 $8,268.00 3,880.00 04128/89 200 SHARES AMERICAN EXPRESS COMPANY COMMON NET PROCEEDS $6,504.78 CARRYING VALUE 4,235.00 04128/89 200 SHARES AETNA LIFE &CASUALTY COMPANY,COMMON NET PROCEEDS $10,704.64 CARRYING VALUE 6,889.00 5 2,269.78 3,815.64 6 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTfI\;lJED)GAINfLOSS 12/02/91 10,000 RED LION PA MUNICIPAL AUTHORITY WTRREV AMBAC INSURED 5.50%DATED 11/01/86 DUE 12/01/91 PROCEEDS MATURED $10,000.00 CARRYING VALUE 10,000.00 $0.00 04/09/92 2,400 SHARES AMERICAN EXPRESS COMPANY,COMMON NET PROCEEDS $54,934.16 CARRYING VALUE 39,132.00 11/06/92 1,600 SHARES RAYTHEON COMPANY, COMMON NET PROCEEDS $67,677.73 CARRYING VALUE 34,065.05 03/08/93 500 SHARES INTERNATIONAL BUSINESS MACHINES CORPORATION,COMMON NET PROCEEDS $27,474.09 CARRYING VALUE 25,555.00 08/05/93 500 SHARES H J HEINZ COMPANY NET PROCEEDS $17,786.90 CARRYING VALUE 2,291.50 08/05/93 500 SHARES POTOMAC ELECTRIC POWER COMPANY NET PROCEEDS $13,974.53 CARRYING VALUE 11,762.50 08/05/93 600 SHARES PHILIP MORRIS COMPANIES INCORPORATED,COMMON CARRYING VALUE $46,380.00 NET PROCEEDS 28,319.05 09/01193 50,000 HATBORO HORSHAM PA SCHOOL DISTRICT 6.40%DATED 09/15/88 DUE 09/01/94 PROCEEDS REDEEMED $50,000.00 CARRYING VALUE 50,000.00 7 15,802.16 33,612.68 1,919.09 15,495.40 2,212.03 (18,060.95) 0.00 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS 1%1/93 50,000 PHILADELHIA PENNSYLVANIA WATER AND SEWER REVENUE SERIES MBIA INSURED 6.60%DATED 05/15/89 DUE 10/01/93 PROCEEDS $50,000.00 INVENTORIED AT 50,000.00 $0.00 11/16/93 400 SHARES AUTOMATIC DATA PROCESSING INCORPORATED,CO~ON NET PROCEEDS $20,879.30 CARRYING VALUE 10,445.00 10,434.30 11/16/93 1,000 SHARES HARTFORD S BOILER INSP &INS COMPANY,CO~ON CARRYING VALUE $48,450.00 NEW PROCEEDS 47,011.43 (1,438.57) 02/17/94 400 SHARES PHILIP MORRIS COMPANIES INCORPORATED,CO~ON NET PROCEEDS $23,279.22 CARRYING VALUE 19,540.00 3,739.22 03/01194 200 SHARES AETNA LIFE &CASUALTY COMPANY,CO~ON NET PROCEEDS $12,714.57 INVENTORIED AT 6,889.00 5,825.57 07/01194 30,000 PHILADELPHIA PENNSYLVANIA HOSPS &HIGHER ED FACS AUTH HOSP REV (pRESBYTERIAN UNIV PENN MED CTR) UNIV PENN MED CTR)AMBAC INSD 6.50%DATED 04/01/87 DUE 07/01/94 PROCEEDS MATURED $30,000.00 CARRYING VALUE 30,000.00 0.00 07/01194 25,000 WESTMORELAND COUNTY PENNSYLVANIA MUNICIPAL SERVICE REVENUE 7.75%DATED 12/01185 DUE 07/01/94 PROCEEDS MATURED $25,000.00 CARRYING VALUE 25,000.00 0.00 07/15/94 250 SHARES EXXON CORPORATION,CO~ON NET PROCEEDS $14,268.27 CARRYING VALUE 4,355.94 9,912.33 8 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS 07/15/94 1,000 SHARES GTE CORPORATION, COMMON CARRYING VALUE $36,425.00 NET PROCEEDS 30,198.99 $(6,226.01) 07/15/94 500 SHARES NIAGARA MORAWI(POWER CORPORATION,COMMON CARRYING VALUE $12,275.00 NET PROCEEDS 7,599.74 (4,675.26) 08/22/94 500 SHARES KIMBERLY-CLARK CORPORATION,COMMON NET PROCEEDS $29,536.51 CARRYING VALUE 25,212.50 4,324.01 11/15/94 25,000 SHARON PENNSYLVANIA CITY SCHOOL DISTRICT RGDG MBIA INSURED 4.10%DATED 04/01/92 DUE 11/15/94 NET PROCEEDS $25,000.00 CARRYING VALUE 25,000.00 0.00 11121/94 50,000 PENNSYLVANIA INTERGOVERNMENTAL COOP AUTH SPL TAX REV RFDG MBIA INSD 4.85%DATED 08/15/93 DUE 06/15/2004 CARRYING VALUE $50,000.00 PROCEEDS REDEEMED 42,330.00 (7,670.00) 12/08/94 400 SHARES E I DUPONT DENEMOURS &COMPANY,COMMON CARRYING VALUE $21,820.00 NET PROCEEDS 21.379.28 (440.72) 12/08/94 500 SHARES NIAGARA MOHAWI(POWER CORPORATION,COMMON CARRYING VALUE $8,275.00 NET PROCEEDS 6,787.27 (1,487.73) 12129/94'90,000 UNITED STATES TREASURY BILLS DATED 06/30/94 DUE 12129/94 NET PROCEEDS $88,728.75 (ICARRYINGVALUE88,728.75 0.00 9 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAINILOSS 07/19/95 300 SHARES AETNA LIFE &CASUALTY COMPANY,COMMON NET PROCEEDS $18,771.87 CARRYING VALUE 10,333.50 $8,438.37 07/19/95 1000 SHARES FORD MOTOR COMPANY, COMMON NET PROCEEDS $31,948.93 CARRYING VALUE ·25,925.00 6,023.93 09/18/95 300 SHARES AETNA LIFE &CASUALTY COMPANY,COMMON NET PROCEEDS $21,284.29 CARRYING VALUE 10,333.50 10,950.79 10/16/95 50,000 SOMERSET COUNTY PA GEN AUTH COMMON WEALTH LEASE REV FGIC INSURED 5.75%DATED 07/15/91 DUE 10/15/95 NET PROCEEDS $50,000.00 CARRYING VALUE 50,000.00 0.00 12/04/95 25,000 BEVERLY ENT INCORPORATED CONY SUB DEB 5.50%DATED 11105/95 DUE 08/0112018 CARRYING VALUE $27,587.50 PROCEEDS REDEEMED 25.187.50 (2,400.00) 12/05/95 500 SHARES POTOMAC ELECTRIC POWER COMMON NET PROCEEDS $12,224.59 . CARRYING VALUE 11.762.50 462.09 06/11196 1,000 SHARES AMERICAN HOME PRODUCTS CORPORATION,COMMON NET PROCEEDS $55,418.15 CARRYING VALUE 15,887.50 39,530.65 09/20/96 260 SHARES BELL ATLANTIC CORPORATION,COMMON NET PROCEEDS $15,190.50 CARRYING VALUE 14,313.00 877.50 10 ~----------------------------------------- WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS 07/19/95 300 SHARES AETNA LIFE &CASUALTY COMPANY,COMMON NET PROCEEDS $18,771.87 CARRYING VALUE 10,333.50 $8,438.37 07/19/95 1000 SHARES FORD MOTOR COMPANY, COMMON NET PROCEEDS $31,948.93 CARRYING VALUE 25,925.00 6,023.93 09/18/95 300 SHARES AETNA LIFE &CASUALTY COMPANY,COMMON NET PROCEEDS $21,284.29 CARRYING VALUE 10,333.50 10,950.79 10/16/95 50,000 SOMERSET COUNTY PA GEN AUTH COMMON WEALTH LEASE REV FGIC INSURED 5.75%DATED 07/15/91 DUE 10/15/95 NET PROCEEDS $50,000.00 CARRYING VALUE 50,000.00 0.00 12/04/95 25,000 BEVERLY ENT INCORPORATED CONY SUB DEB 5.50%DATED 11/05/95 DUE 08/01/2018 CARRYING VALUE $27,587.50 PROCEEDS REDEEMED 27,187.50 (2,400.00) 12/05/95 500 SHARES POTOMAC ELECTRIC POWER COMMON NET PROCEEDS $12,224.59 CARRYING VALUE 11,762.50 462.09 06/11/96 1,000 SHARES AMERICAN HOME PRODUCTS CORPORATION,COMMON NET PROCEEDS $55,418.15 CARRYING VALUE 15,887.50 '39,530.65 09/20/96 260 SHARES BELL ATLANTIC CORPORATION,COMMON NET PROCEEDS $15,190.50 CARRYING VALUE 14,313.00 877.50 10 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAINfLOSS 09/20/96 60 SHARES IMATION CORPORATION, COMMON NET PROCEEDS $1,562.94 CARRYING VALUE 1,319.45 $243.49 09/20/96 600 SHARES MINNESOTA MINING &MFG COMPANY,COMMON NET PROCEEDS $41,800.60 CARRYING VALUE 32,160.55 9,640.05 09/20/96 700 SHARES JC PENNEY COMPANY INCORPORATED,COMMON PROCEEDS $39,755.17 CARRYING VALUE 29,435.00 10,320.17 03/14/97 200 SHARES A C NIELSON COMPANY NET PROCEEDS $3,059.89 CARRYING VALUE 2,784.10 275.79 03/14/97 600 SHARES COGNIZANT CORPORATION COMMON NET PROCEEDS $19,901.33 INVENTORIED AT 16,944.22 2,957.11 03/14/97 600 SHARES DUN &BRADSTREET CORPORATION,COMMON NET PROCEEDS $15,701.47 CARRYING VALUE 11,801.68 3,899.79 05/08/97 300 SHARES EXXON CORPORATION, COMMON NET PROCEEDS $16,889.43 CARRYING VALUE 2,613.56 14,275.87 09/09/97 1,000 SHARES B F GOODRICH COMPANY, COMMON NET PROCEEDS $42,981.06 CARRYING VALUE 32,087.50 10,893.56 12/08/97 500 SHARES GTE CORPORATION,COMMON NET PROCEEDS $24,927.91 CARRYING VALUE 16,275.00 8,652.91 11 wALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED) 01/22/98 500 SHARES AMERICAN HOME PRODUCTS CORPORATION,COMMON NET PROCEEDS $40,033.65 CARRYING VALUE 7,575.00 03/12/98 CASH IN LIEU BANK ONE CORPORATION,COMMON NET PROCEEDS $5.71 CARRYING VALUE 2.71 GAIN/LOSS $32,758.65 3.00 OS/21/98 500 SHARES AMERICAN HOME PRODUCTS CORPORATION COMMON NET PROCEEDS $24,240.44 CARRYING VALUE 3,787.50 20,452.94 OS/21/98 450 SHARES PHILIP MORRIS COMPANIES INCORPORATED COMMON CARRYING VALUE $20,955.00 NET PROCEEDS 15,854.10 (5,100.90) $339,274.56 INVENTOR PRIME OBLIGATIONS MONEY MARKET FUND #3233 REDEEMED 10/02/95 -06/30/96 $339,274.56 PURCHASED 339,274.56 $141,894.34 FEDERATED UNITED STATES TREASURY OBLIGATIONS SHORT TERM INVESTMENTS REDEEMED 04/01/96 -04/08/97 $141,894.34 PURCHASED 141.484.34 $169,391.81 FAIRFIELD NAVIGATOR MONEY MARKET FUND REDEEMED 03/08/94 -11/01/94 $169,391.81 PURCHASED 169,3 91.81 $798,070.24 FEDERATED TRUST SHORT TERM L1NITED STATES GOVERNMENT SECURITIES REDEEMED . 06/09/88 -03/04/94 $798,070.24 PURCHASED 798,070.24 12 0.00 0.00 0.00 0.00 $83,149.79 83,149.79 $28,891.95 28,891.95 WALTER H.BAKER TRUST PRINCIPAL CONVERSIONS INTO CASH (CONTINUED) $83,149.79 ARMADAPA TAX EXEMPT PORT REDEEMED 04/14/97 -11/21/97 PURCHASED $28,891.95 ARMADA PA EXEMPT MONEY MARKET FUND REDEEMED 01/02/98-05/21/98 PURCHASED TOTAL GAIN TOTAL LOSS NET GAIN PRINCIPAL -PERSONALTY DISBURSEMENTS GAINfLOSS $0.00 0.00 $342,840.24 (47,790.14) $295050 10 PENNSYLVANIA DEPARTMENT OF REVENUE FIDUCIARY TAXES 1988 1989 1990 1992 1993 3,790.00 LESS REFUND 1,104.00 1994 1995 1996 1997 1998 13 $268.35 255.97 3,680.00 1,458.00 2,686.00 307.00 310.00 1,949.00 1,280.00 290.00 $12,484.32 WALTER H.BAKER TRUST DISBURSEMENTS (CONTINUED) 4 INTERNAL REVENUE SERVICE FIDUCIARY TAXES 1988 1989 $4,350.00 LESS REFUND 675.42 1990 1992 1993 1994 $2,680.00 LESS REFUND 2,035.00 1995 1996 1997 1998 $15,768.65 3,674.58 4,877.08 13,284.00 288.00 645.00 650.00 22,478.32 9,605.19 2,410.00 73,680.82 NATIONAL CITY BANK OF PENNSYLVANIA PRINCIPAL FEE 06/30/88-04/30/98 ANNUAL ADMINISTRATIVE CHARGE 12/26/97 BUCHANAN INGERSOLL,P.C. ATTORNEY'S FEE CLERK OF ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA COST OF FILING TOTAL PRINCIPAL -PERSONALTY DISBURSEMENTS PRINCIPAL INVESTMENTS 06/19/89 $50,000 PIffi.,ADELPHIA PENNSYLVANIA WATER &SEWER REVENUE 14TH SERIES MBIA INSURED 6%DATED 05/15/89 DUE 10/01/93 @ 100 06/23/89 $50,000 HATBORO HORSHAM PENNSYLVANIA SCHOOL DISTRICT 6.40%DATED 09/15/88 DUE 09/01/94 @ 100 14 47,013.10 100.00 2,750.00 685.00 $136713 24 50,000.00 50,000.00 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (CONTINUED) 01/15/91 200 SHARES AUTOMATIC DATA PROCESSING INCORPORATED,COMMON @ 52.125 $10,445.00 01/15/91 150 SHARES MERCK &COMPANY INCORPORATED, COMMON@83.25 12,502.50 01/15/91 100 SHARES MERCK &COMPANY INCORPORATED, COMMON@83 8,310.00 01/15/91 400 SHARES PHILIP MORRIS COMPANIES INCORPORATED,COMMON @ 48.75 19,540.00 08/13/91 50,000 SOMERSET COUNTY PENNSYLVANIA GEN AUTH COMMONWEALTH LEASE REV FGIC INSURED 5.75%DATED 07/15/91 DUE 10/15/95 @ 100 50,000.00 02/10/92 50,000 WESTERN WAYNE PENNSYLVANIA SCHOOL DISTRICT AMBAC INSURED 5.30% DATED 02/01/92 pUE 10/15/95 @ 100 50,000.00 04/09/92 1,000 SHARES HARTFORD S BOILER INSP &INS COMPANY,COMMON @ 48.25 48,450.00 04/09/92 1,000 SHARES POTOMAC ELECTRIC POWER COMPANY,COMMON@23.375 23,525.00 05/12/92 25,000 SHARON PENNSYLVANIA CITY SCHOOL DISTRICT RFDG MBIA INSURED 4.10%DATED 04/01/92 DUE 11/15/94 @ $100 25,000.00 11/06/92 200 SHARES KIMBERLY -CLARK CORPORATION, COMMON @ 56.375 11,285.00 11/06/92 250 SHARES MERCK &COMPANY INCORPORATED, COMMON@43.875 10,981.25 11/06/92 600 SHARES PHILIP ,MORRIS COMPANIES INCORPORATED,COMMON@77.25 46,380.00 08/05/93 1,000 SHARES GTE CORPORATION,COMMON @ 36.375 36,425.00 08/05/93 300 SHARES KIMBERLY -CLARK CORPORATION, COMMON @ 46.375 13,927.50 15 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (CONTINUED) 08/05/93 500 SHARES NIAGARA MOHAWK POWER CORPORATION, COMMON @24.50 $12,275.00 08/05/93 250 SHARES PPG INDUSTRIES INCORPORATED, COMMON @ 69.625 17,418.75 09/14/93 50,000 PENNSYLVANIA INTERGOVERNMENTAL COOP AUTH SPL TAX REV RFDG MBIA INSD 4.85% DATED 08/15/93 DUE 06/15/2004 @ 100 50,000.00 11/16/93 350 SHARES BANC ONE CORPORATION,COMMON @36 12,617.50 11/16/93 500 SHARES BEVERLY ENTERPRISES INCORPORATED @2.75%27,587.50 11/16/93 325 SHARES FEDERAL NATIONAL MORTGAGE ASSOCIATION,COMMON @ 77.625 25,244.38 02/17/94 400 SHARES E I DUPONT DENEMOURS &COMPANY, COMMON @ 54.50 21,820.00 03/01/94 100 SHARES ATLANTIC RECHFIELD COMPANY, COMMON@ 102 10,205.00 03/01/94 625 SHARES BANC ONE CORPORATION,COMMON @ 32.375 20,265.63 03/01194 500 SHARES ACHERING -PLOUGH CORPORATION, COMMON @ 59.625 29,837.50 07/15/94 260 SHARES BELL ATLANTIC CORPORATION COMMON @55 14,313.00 08/16/94 1,000 SHARES GTE CORPORATION,COMMON@32.50 32,550.00 08/16/94 500 SHARES NIAGARA MOHAWK POWER CORPORATION, COMMON @ 16.50 8,275.00 09/07/94 $90,000 UNITED STATES OF AMERICA BILLS DATED 06/30/94 DUE 12/29/94 @ 98.588 88,728.75 12/08/94 600 SHARES DUN &BRADSTREET CORPORATION, COMMON @ 52.50 3 ],530.00 16 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (CONTINUED) 02/08/95 1,000 SHARES FORD MOTOR COMPANY,COMMON @ 25.875 $25,925.00 02/08/95 700 SHARES J C PENNY COMPANY INCORPORATED, COMMON@ 42 29,435.00 03/27/95 $50,000 PARKLAND PA SCHOOL DISTRICT MBIA INSURED 5.40%DATED 03/1/95 DUE 09/01/2005 @ 100 50,000.00 07/19/95 600 SHARES FIRST UNION CORPORATION,COMMON @48 28,830.00 09/18/95 500 SHARES B F GOODRICH COMPANY,COMMON @64.125 32,087.50 09/18/95 600 SHARES MINNESOTA MINING &MANUFACTURING COMPANY,COMMON @ 55.75 33,480.00 10123/95 1,000 SHARES AVALON PROPERTIES INCORPORATED, COMMON@20 20,050.00 11/16/95 200 SHARES AVALON PROPERTIES INCORPORATED, COMMON@ 19.125 3,835.00 11/16/95 500 SHARES CHEVERON CORPORATION 24,025.00 12/19/95 $50,000 ALLEGHENY COUNTY PA HOSPITAL DEV AUTH REV HEALTH CTR UNIVERSITY PITTSBURGH MED MBIA INSD 4.40%DATED 12/01/95 DUE 12/0112001 49,869.00 09120/96 1,000 SHARES INTERNATIONAL FLAVORS AND FRAGRANCES INCORPORATED,COMMON @ 44.125 44,205.00 09120/96 500 SHARES UST INCORPORATED,COMMON @ 30.50 15,290.00 03/14/97 150 SHARES PHILIP MORRIS COMPANIES INCORPORATED, COMMON @ 139.50 20,955.00 03/14/97 600 SHARES DUKE REALTY INVESTMENTS INCORPORATED @ 42.25 25,398.00 17 WALTER H.BAKER TRUST PRINCIPAL INVESTMENTS (CONTThTUED) 03/14/97 300 SHARES NORWEST CORPORATION,COMMON @ 52.50 $15,810.00 05/08/97 200 SHARES DUKE REALTY INVESTMENTS INCORPORATED @37 7,440.00 05/08/97 200 SHARES ELECTRONIC DATA SYSTEM CORPORATION NEW COMMON @ 36.375 7,315.00 08/27/97 300 SHARES ABBOT LABORATORffiS COMMON @ 59.75 17,985.00 09/16/97 300 SHARES JOHNSON &JOHNSON COMMON @ 55.875 16,822.50 OS/21/98 600 SHARES ARDEN REALTY GROUP INCORPORATED, COMMON 16,848.00 $339,274.56 INVENTOR PRIME OBLIGATIONS MONEY MARKET FUND #3233 11/01/94 -06/30/96 339,274.56 $141,894.34 FEDERATED UNITED STATES TREASURY OBLIGATIONS SHORT TERM INVESTMENTS 04/01/96 -04/02/97 141,894.34 $169,391.81 FAIRFIELD NAVIGATOR MONEY MARKET FUND 03/04/94 -10/18/94 169,391.81 $798,070.24 FEDERATED TRUST SHORT TERM UNITED STATES GOVERNMENT SECURITIES 05/11/88 -03/02/94 798,070.24 $139,125.99 ARMADAPA TAX EXEMPT PORT 04/08/97 -12/15/97 169,862.90 $82,559.10 ARMADA PA TAX EXEMPT MONEY MARKET FUND 01/05/98-06/01/98 82,559.10 18 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES AETNA LIFE &CASUALTY COMPANY,COMMON 06/12/88 1,000 SHARES DEPOSITED $34,445.00 04/28/89 200 SHARES SOLD 6,889.00 800 SHARES $27,556.00 03/01/94 200 SHARES SOLD 6,889.00 600 SHARES $20,667.00 07/19/95 300 SHARES SOLD 10,333.50 300 SHARES $10,333.50 09/18/95 300 SHARES SOLD 10333 50 AMERICAN EXPRESS COMPANY,COMMON 06/12/88 2,600 SHARES DEPOSITED $43,367.00 04/28/89 200 SHARES SOLD 4,235.00 2,400 SHARES $39,132.00 04/09/92 2,400 SHARES SOLD 39 13200 AMERICAN HOME PRODUCTS CORPORATION,COMMON 06/22/88 1,000 SHARES DEPOSITED $62,960.00 1,000 SHARES RECEIVED ON A STOCK SPLIT AS HOLDER OF RECORD ON 05/07/90 0.00 2,000 SHARES $62,960.00 2,000 SHARES RECEIVE ON A STOCK SPLIT --AS HOLDER OF RECORD ON 05/07/90 0.00 4,000 SHARES $62,960.00 06/11/96 1,000 SHARES SOLD 15.887.50 3,000 SHARES $47,072.50 01/22/98 500 SHARES SOLD 7,575.00 2,500 SHARES $39,497.50 05/08/92 2,500 SHARES RECEIVED ON A 2 FOR 1 STOCK SPLIT -AS HOLDER OF RECORD ON 05/07/92 0.00 5,000 SHARES $39,497.50 OS/21/98 ~SHARESSOLD 3,787.50 4,500 SHARES $35 71000 AUTOMATIC DATA PROCESSING INCORPORATED, COMMON 01/15/91 200 SHARES PURCHASED $10,445.00 200 SHARES RECEIVED IN A STOCK SPLIT AS HOLDER OF RECORD ON 05/02/91 400 SHARES $10,445.00 11/16/93 400 SHARES SOLD 10445 00 19 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES BELL ATLANTIC CORPORATION,COMMON 07/15/94 260 SHARES PURCHASED $14,313.00 09/20/96 260 SHARES SOLD 14,313 00 B F GOODRICH COMPANY,COMMON 09/18/95 500 SHARES PURCHASED $32,087.50 500 SHARES RECEIVED ON A STOCK SPLIT 0.00 1,000 SHARES $32,087.50 09/09/97 1,000 SOLD 3208750 E I DUPONT DENEMOURS &COMPANY,COMMON 02/17/94 400 SHARES PURCHASED $21,820.00 12/08/94 400 SHARES SOLD 21 82000 EXXON CORPORATION,COMMON 06/02/88 1,500 SHARES DEPOSITED $22,554.75 07/15/94 250 SHARES SOLD 4,355.94 1,250 SHARES $18,198.81 1,250 SHARES RECEIVED AS STOCK SPLIT --AS HOLDER OF RECORD ON 04/14/97 0.00 2,500 SHARES $18,198.81 05/08/97 300 SHARES SOLD 2,613.56 2200 SHARES $15 58525 FORD MOTOR COMPANY,COMMON 02/08/95 1,000 SHARES PURCHASED $25,925.00 07/19/95 1,000 SHARES SOLD 25 925 00 GTE CORPORATION,COMMON 08/05/93 1,000 SHARES PURCHASED $36,425.00 07/15/94 1,000 SHARES SOLD 3642500 HARTFORD S BOILER INSP &INS COMPANY,COMMON 04/09/92 1,000 SHARES PURCHASED $48,450.00 11116/93 1,000 SHARES SOLD 4845000 20 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES H J HEINZ COMPANY,COMMON 06/02/88 2,500 SHARES $22,914.95 2,500 SHARES RECEIVED IN A STOCK SPLIT AS HOLDER OF RECORD ON 10/31/89 0.00 5,000 SHARES $22,914.95 08/05/93 500 SHARES SOLD 2,291.50 4,500 SHARES $20,623.45 2,250 SHARES RECEIVED IN A STOCK SPLIT AS HOLDER OF RECORD ON 11/13/95 0.00 6,750 SHARES $20623 45 INTERNATIONAL BUSINESS MACHINES CORPORATION, COMMON 06/02/88 600 SHARES DEPOSITED $30,666.00 04/28/89 100 SHARES SOLD 5,111.00 500 SHARES $25,555.00 03/08/93 500 SHARES 25,55500 KIMBERLY -CLARK CORPORATION,COMMON 11/06/92 200 SHARES PURCHASED $11,285.00 08/05/93 300 SHARES PURCHASED 13,927.50 500 SHARES $25,212.50 08/22/94 500 SHARES SOLD 2521250 NIAGARA MOHAWK POWER CORPORATION,COMMON 08/05/93 500 SHARES PURCHASED $12,275.00 07/15/94 500 SHARES SOLD 12,275.00 oSHARES $0.00 08/16/94 500 SHARES PURCHASED 8,275.00 500 SHAERS $8,275.00 12/08/94 500 SHARES SOLD 827500 POTOMAC ELECTRIC POWER 04/09/92 1,000 SHARES DEPOSITED $23,525.00 08/05/93 500 SHARES SOLD 11,762.50 500 SHARES $11,762.50 12/05/95 500 SHARES SOLD 11,76250 21 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES PHILIP MORRIS COMPANIES 01115/91 400 SHARES PURCHASED 11/06/92 600 SHARES PURCHASED 1,000 SHARES 08/05/93 600 SHARES SOLD 400 SHARES 02117/94 400 SHARES SOLD oSHARES ·03114/97 150 SHARES PURCHASED 150 SHARES 300 SHARES RECEIVED ON A STOCK SPLIT __AS HOLDER OF RECORD ON 04/11/97 450 SHARES OS/21/95 450 SHARES SOLD HATBORO HORSHAM PENNSYLVANIA SCHOOL DISTRICT 6.40%DATED 09115/88 DUE 09/01/94 06/23/89 $50,000 PURCHASED 09/01/93 50,000 SOLD PENNSYLVANIA 6.50%DATED 05115175 DUE 11115/88 06/02/88 $65,000 DEPOSITED 11115/88 65 000 SOLD PENNSYLVANIA 4.90%DATED 06/01172 DUE 12/01/88 06/02/88 $10,000 DEPOSITED 12/01/88 10 000 SOLD PENNSYLVANIA 7.50%DATED 04/01/84 DUE 10/01/89 06/02/88 $40,000 DEPOSITED 05/02/89 40 000 SOLD PENNSYLVANIA GENERAL STATE AUTHORITY 4.60% DATED 02115/68 DUE 07115/89 06/02/88 $10,000 DEPOSITED 05/02/89 10 000 SOLD PENNSYLVANIA HIGHWAY 6.20%DATED 09/01170 DUE 03/01/90 06/02/88 $60,000 DEPOSITED 03/01/90 60000 SOLD 22 $19,540.00 46,380.00 $65,920.00 46,380.00 $19,540.00 19,540.00 $0.00 20,955.00 $20,955.00 0.00 $20,955.00 2095500 $50,000.00 5000000 $56,732.00 5673200 $6,120.00 6 12000 $40,000.00 4000000 $6,120.00 6 12000 $48,891.00 48891 00 WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES PENNSYLVANIA HIGHWAY 6.15%DATED 03/15/70 DUE 09/15/90 06/02/88 $20,000 DEPOSITED 09/17/90 20,000 SOLD PENNSYLVANIA HIGHWAY 6.20%DATED 06/15/74 DUE 12/15/90 06/02/88 $40,000 DEPOSITED 12/17/90 40000 SOLD PENNSYLVANIA INTERGOVERNMENTAL COOP AUTH SPL TAX REV RFDG MBIA INSD 4.85%DATED DUE 06/15/2004 09/14/93 $50,000 PURCHASED 11/21/94 50000 SOLD $13,400.00 13 40000 $26,848.00 2684800 $50,000.00 50,00000 PHILADELPHIA PENNSYLVANIA HOSPITALS AND HIGHER EDUCATION FACILITIES AUTHORITY HOSPITAL REVENlJE AMBAC INSURED 6.50%DATED 04/01/87 DUE 07/01/94 06/02/88 $30,000 DEPOSITED 330,000.00 07/01/94 30000 SOLD 30,00000 PHILADELPHIA PENNSYLVANIA WATER &SEWER REVENUE 14TH SERIES MBIA INSURED 6%DATED 05/15/89 DUE 10/01193 06/19/89 $50,000 PURCHASED 09/01/93 50 000 SOLD PITTSBURGH PA FGIC INSURED 7.20%DATED 08/01/85 DUE 03/01/91 06/02/88 $35,000 DEPOSITED 03/01/91 35 000 SOLD PITTSBURGH PA URBAN REDEV DATED 03/01/95 DUE 08/01/91 06/02/88 $40,000 DEPOSITED 09/01/91 40000 RED LION PENNSYLVANIA MUNICIPAL AUTHORITY WATER REVENUE AMBAC INSURED 5.50%DATED 11/01/86 DUE 12/01191 06/02/88 $10,000 DEPOSITED 12/02/91 10 000 SOLD 23 $50,000.00 SO 000 00 $34,921.25 34921 25 $40,000.00 4000000 $10,.000.00 1000000 wALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES SHARON PENNSYLVANIA CITY SCHOOL DISTRICT RFDG MBIA INSURED 4.10%DATED 04/01/92 DUE 11/15/94 02/10/92 50,000 PURCHASED $25,000.00 11/15/94 50,000 SOLD 2500000 UNITED STATES OF AMERICA BILLS DATED 06/30/94 DUE 01/29/94 09/07/94 $90,000 PURCHASED $88,728.75 12/29/94 90000 SOLD 8872875 WESTMORELAND COUNTY,PENNSYLVANIA MUNICIPAL AUTHORITY MUNICIPAL SERVICE REVENUE 7.75%DATED 12/01/85 DUE 07/01/94 06/02/88 $25,000 DEPOSITED $25,000.00 07/01/94 25000 SOLD 25 00000 SOMERSET COUNTY PENNSYLVANIA GEN AUTH COMMON WEALTH LEASE REV FGIC INSURED 5.75%DATED 07/15/91 DUE 10/15/95 08/13/91 $50,000 PURCHASED $50,000.00 10/16/95 50000 SOLD 5000000 INVENTOR PRIME OBLIGATIONS MONEY MARKET FUND $339,274.56 PURCHASED11/01/94-06/30/96 $339,274.56 339,274 56 SOLD 10/02/95-06/30/95 339 274 56 FEDERATED UNITED STATES TREASURY OBLIGATIONS SHORT TERM INVESTMENTS $141,894.34 PURCHASED 04/01/96-04/02/97 $141,894.34 141 89434 SOLD 04/01/96-04/08/97 141 89434 FAIRFIELD NAVIGATOR MONEY MARKET FUND $169,391.81 PURCHASED 03/08/94-11/01/94 169391 81 SOLD 03/04/94-10/18/94 FEDERATED TRUST SHORT TERM UNITED STATES GOVERNMENT SECURITIES $798,070.24 PURCHASED 05/11/88-03/02/94 798 070 24 SOLD 06/09/88-03/04/94 ARMADA PENNSYLVANIA TAX EXEMPT PORT $139,125.99 PURCHASED 04/08/97-12/02/97 82,221.28 SOLD 04/14/97-11/21/97 $5690471 24 $169,391.81 169391 81 $798,070.24 79807024 $139,125.99 82,221.28 $56 904 71 WALTER H.BAKER TRUST INCOME -PERSONALTY RECEIPTS ALL INCOME RECEIVED AND DISBURSEMENTS MADE FROM JULY 01,1997 TO SEPTEMBER 30,1997 (DATE OF LAST QUARTERLY STATEMENT)HAVE BEEN ACCOUNTED FOR BY QUARTERLY STATEMENTS RENDERED WALTER B.WEIMER BALANCE IN ACCORDANCE WITH LAST QUARTERLY STATEMENT DATED SEPTEMBER 30,1997 ABBOTT LABORATORIES,COMMON 300 SHARES 11/14/97-05/15/98 AMERICAN HOME PRODUCTS CORPORATION,COMMON 2,500 SHARES 03/02/98 $1,075.00 3,000 SHARES 12/01/97 1,290.00 5,000 SHARES 06/01198 1,075.00 ATLANTIC RICHFIELD COMPANY,COMMON 200 SHARES 12/15/97-03/13/98 AVALON PROPERTIES INCORPORATED, COMMON 1,200 SHARES 11/14/97-05/15/98 BANC ONE CORPORATION,COMMON 1,III SHARES 01/02/98 $422.18 1,222 SHARES 03/31/98 464.36 B F GOODRICH COMPANY COMMON 1,000 SHARES 10/01/97 CHEVRON CORPORATION,COMMON 500 SHARES 12/1 0/97-03/10/98 DUKE REALTY INVESTMENTS INCORPORATED 1,600 SHARES 11/28/97-05/29/98 25 $0.00 252.00 3,440.00 285.00 1,404.00 886.54 275.00 595.00 1,440.00 WALTER H.BAKER TRUST RECEIPTS (CONTINUED) ELECTRONIC DATA SYSTEM CORPORATION NEW COMMON 200 SHARES 12/1 0/97-03/10/98 EXXON CORPORATION,COMMON 2,200 SHARES 12/10/97-03/10/98 FANNIE MAE 1,300 SHARES 11/15/97-05/26/98 FIRST UNION CORPORATION,COMMON 1,200 SHARES 12/15/97-03/16/98 $60.00 1,804.00 897.00 828.00 GTE CORPORATION,COMMON 500 SHARES 06/01/98 1,000 SHARES 10/01/97-01/01/98 H J HEINZ COMPANY,COMMON 6,750 SHARES 10/10/97 -04/1 0/98 $235.00 940.00 1,175.00 6,378.75 INTERNATIONAL FLAVORS &FRAGRANCES 1,000 SHARES 10/1 0/97 -04/09/98 JOHNSON &JOHNSON COMMON 300 SHARES 12/09/97-03/1 0/98 MERCK &COMPANY INCORPORATED, COMMON 1,000 SHARES 1%1/97-04/22/98 NORTH WEST CORPORATION,COMMON 600 SHARES 12/01/97-06/01/98 26 1,100.00 132.00 1,350.00 297.00 WALTER H.BAKER TRUST RECEIPTS (CONTINUED) PHILIP MORRIS COMPANIES INCORPORATED, COMMON 450 SHARES 10/10/97-04/10/98 PPG INDUSTRIES INCORPORATED,COMMON 500 SHARES 12/12/97-03/12/98 SCHERING-PLOUGH CORPORATION,COMMON 2,000 SHARES 11/28/97-05/29/98 USTINCORPORATED,COMMON 500 SHARES 12/15/97-03/16/98 50,000 WESTERN WAYNE PENNSYLVANIA SCHOOL DISTRICT AMBAC INSURED 5.30% DATED 02/01/92 DUE 10/15/2000 INTEREST 10/15/97-04/15/98 50,000 PARKLAND PENNSYLVANIA SCHOOL DISTRICT MBIA INSURED 5.40%DATED 03/15/95 DUE 09/0112005 INTEREST 03/02/98 50,000 ALLEGHENY COUNTY PENNSYLVANIA HOSPITAL DEV AUTHORITY REV HEALTH CENTER UNIVERSITY PITTSBURGH MEDICAL MBIA INSURED 4.40%DATED 12/01/95 DUE 12/01/2001 INTEREST 12/01197-06/01/98 ARMADAPA TAX EXEMPT PORT INTEREST 10/01/97-12/31/97 ARMADA PENNSYLVANIA TAX EXEMPT MONEY MARKET FUND INTEREST 01131198-05/31/98 TOTAL INCOME -PERSONALTY RECEIPTS·· 27 $540.00 340.00 1,200.00 405.00 2,650.00 1,350.00 2,200.00 725.61 1,545.83 $33 555 73 WALTER H.BAKER TRUST INCOME -PERSONALTY DISBURSEMENTS NATIONAL CITY BANK OF PENNYSLVANIA PRINCIPAL FEES 10/20/97-04/30/98 INCOME -PERSONALTY DISTRIBUTIONS $2,111.70 MR.WALTERB.WEIMER CASH DISTRIBUTION .12/31/97-03/31/98 $22,245.46 TOTAL INCOME -PERSONALTY DISTRIBUTIONS $22,245.46 TOTAL INCOME -PERSONALTY DISBURSEMENTS $2435716 28 ,II'-.:;~.-...--,-'~-';',-'1 ~!r9f fkI.J:- ~0 0."J /;'-3-91~'"/"-II-r~ COMMONWEALTH OF PENNSYLVANIA ESTATE OF "", WALTER H.BAKER.DECEASED FOR WALTERB.WEIMER ..... COUNTY OF WASHINGTON 55:ESTATE NO.63-70-318 ACCOUNTANT NATIONAL CITY BANK OF PENNSYLVANIA The within named Accountant being duly sworn according to law,depose attached account as stated is true and correct as Sharon K.Waltz verily believe. and say that the Sworn and subscribed before me this c:2tJ tJ, day of QdIJ1Jl&19 ff! Attorney for Accountant Address/Telephone R.MICHAEL DANIEL.ESQUIRE Notarial Seal .~ Barbara P.Boone,Notary Public .~ Uniontown,Fayette County My Commission Expires April 25,2000 Member,Pennsylvania Association of Notaries Buchanan.Ingersoll P.C. One Oxford'Center 301 Grant Street 20th Floor Pittsburgh.PA 15219-1410 accountwithinthe Register of Wills Ex-Officio Clerk ofthe Orphans Court I do certify that I have given legal notice to all persons concerned of the filing of the within account in the manner prescribed by Statute and Rule ofCourt,as evidence by proofs thereof filed to No.(,,3-9t-/6(J3. AND NOW this ~f-f::L day of~{ad:~~Au....=W~__19 if- presented to the Court for confirmation. Witness my hand and official seal this /1& I .. ..... ..." The Court is respectfully requested to determine proper distribution in this estate./fAt:tJIJ~ Counsel for Accountant IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA J WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER ORPHANS'COURT ~IVISION NO.63-70-318 PETITION FOR DISTRIBUTION "CODE " TRUST UNDER WILL DATED AUGUST 26,1946 PRESENTED ON BEHALF OF JOSEPH DUNCAN KNISELEY SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE COUNSEL OF RECORD JAMES W.UMMER,ESQUIRE PA I.D.#16428 BUCHANAN INGERSOLL PROFESSIONAL CORPORATION FIRM j038 USX TOWER 500 GRANT STREET,57TH FLOOR PITTSBURGH,PA 15219 (412)562-8800 .p''-,~-",'-~~"~,;,':\,-I,~'•','Of ~~"it..~~....,;ro,•..:,..~.':,~.'\I •"·mJ:$---,·'·~......••~,.0"••'•"~\'.'•t:..-.,~.....,....".;~.~~',-to ~....fI"~......•.-At.,,~:.." • J...,,~, ".,..",-~~.~... -~_.~.....~:,.,.i •....." ,. • Petition Sur Audit In The Orphans'court of Washington county Estate of WALTER H.BAKER, DECEASED,TRUST UNDER WILL For WALTER B.WEIMER Life Tenant Date of Will:August 26,1946 If there have been former accounts filed in this estate,list: Filed at No 318 OF 1970 F~duciary JOSEPH DUNCAN KNISELEY. SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH, SURVIVING TRUSTEE Flace of record of appointment Register of Wills. ~ashington.County.Pennsylvania No.90 August Term 1950 A.A.(Estate of Walter H.Baker, Deceased) No.318 of 1970 (First and Partial Account due to the death of Edward L.Stockdale Co-Trustee) No.318 of 1970 (Second and Partial Account due to resignation of William G.Stewart (Successor Individual Trustee) ".,.,••',..,.~"..,..ill"-t....••V'"0 ....~.;""""'1 '-":·7i"_.-" . ~';.''''•~w ",..'''iii....."...''''., Reason for filing the Third and Partial Account is that Walter B.Weimer attained age (45)forty-five years on December 16,1987. All persons having any interest,vested or contingent (including claimants),in the fund now before the Court with the nature of their interests are: Walter B.Weimer in acccordance with Paragraph sixth (e)(2) (3)of the Will,is now entitled to receive a (1/4)one-fourth share of the trust due to his attainin~age (45)forty-five years on December 16,1987. All of said parties have received noti~e as required by the court Rules. The fund now before the ,Court is subject to the following taxes: NONE set forth any legal problems requiring adjudication by the Court or difficulties that must be met in distribution: NONE Balance for distribution per account,Principal Income Additional debits not shown in account: (Indicate whether income or principal) $727,165.88 $15,177.93 See Exhibit "B"attached Principal -Personalty Income -Personalty $44,468.64 5,823.26 Total additional debts Additional credits not shown in account: (Indicate whether income or principal) See Exhibit "B"attached -2- $50,291.90 Total additional credits Principal -Personalty Income -Personalty Balance for distribution '" $749.31 17,211.57 Principal Income Total $17,960.88 $770,885.21 $3,789.62 $774,674.83 I. If the balance for distribution is not in cash,list items held in kind with carrying value designated,and if this is a distribution account,file elections to take in kind for all items so listed: See Additional Receipts and Disbursements -Exhibit "B" See Proposed Schedule of Distribution Exhibit -"c" See Election to take in kind -Exhibit -"0" Set forth accountants suggestion as to manner and form of distribution to be made,awards to be stated in proportions unless specific amounts or items are designated by instrument under which estate is being distributed: In accordance with Paragraph sixth (e)(3)and Proposed Schedule of Distribution,if your Honorable Court concurs,(1/4) one-fourth share to Walter B.Weimer,and the balance remaining in Trust to Joseph Duncan Kniseley and The Union National Bank of Pittsburgh,Trustees in Trust for Walter B.Weimer. Walter Baker Weimer,party in interest,is not in the Military Services of the United States of America. Wherefore,your petitioners pray your Honorable Court to confirm the account as filed and award the Balance for :-3- Distribution,to Walter B.Weimer (1/4)one-fourth share outright and the balance to Joseph.Duncan Kniseley and The Union National Bank of Pittsburgh,Trustees for further administration and order of your Honorable Court. STATE OF FLORIDA SS COUNTY OF And your petitioner will ever pray,etc. Office expires The above named Fiduciary o~ representative thereof,being duly sworn doth depose and say that the facts set forth in the foregoing petition are true to the best of his knowledge and belief. Sworn to and subscribe before me This -'e12:1 day of May,1988. Signature of Officer Q,.~.kaau TitIe of Officer NOTARY PUBLIC STATE OF HOft·leA MY COMMISSION EXP.APR.a,lUSa BONDED THRU GENERAl.In~."UD'.d;;jjj )?: AND COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF ALLEGHENY THE UNION NATIONAL BANK OF PITTSBURGH Office expires The above named Fiduciary or representative thereof,being duly sworn doth depose and.say that the facts set forth in the ~JI~~ foregoing petition are true to the BY_~~~G~~_-~~GA__~~~~+__ best of his knowledge and belief.GIL--AAG Sworn to and subscribe before me VICE PRES ENT This 16th day of May,1988 ~ Signature of Officer b tff}J.,~.~4A-..-/~~ICAi.NOijRiPU8C ,. TitIe of Officer .PlTISBURGH,ALLEGHENv.cOU~TY . MY eOfiil$SI.O~EXPiRES ~te.H..l~ -Utlmber,Penns,tvl.!rii Assocjat~?nof Notalfn ...~.. -4- 1- ;;..: I ,L __ " l .;""" "~":..CJ..:~t";-"r ""~t-)..... "'>~'-/.;- Peti tion.suB,'Audit,:I IN TEE ORPHANS'COURT QF WASHINGTON COUNTY FORM USED FOR GUARDIAN-INCOMPETENTS -OR TRUSTEES No.318 of 1970 ESTATE OF WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER FOR LIFE TENANT COUNSEL FOR THE ACCOUNTANT SHALL SUBMIT HEREWITH THE FOLLOWING,IF PERTINENT: 1.WILL ~ATTESTED. 2.~. 3.SIGNED ELECTIONS OF ITEMS TO BE TAKEN I~KIND- IF DISTRIBUTION ACCOUNT. 4. ~ 5.PRAECIPE FOR THOSE REPRESENTED. 6. JAMES W.UMMER,ESQUIRE BUCHANAN INGERSOLL,PROFESSIONAL CORPORATION: USX TOWER,57TH FLOOR 600 GRANT STREET PITTSBURGH,PA 15219 COUNSEL FOR ACCOUNTANT --~--"'---'---"'._~ f.I ,,J I,WALTER H.BADa,of LeMo;yne AV1IZIWl ktena!on;Soath Strabane Tcnmship;WaU1llgton Coant,.;Pcmal1ftJl1a,do lIII.ke,publish and declare this ao aDd tor 11I¥Last V1l1 'aDd Teetament,hC"eb)-I'ftQk:1.ag lIDd II'4k1ng nnll and void aD7 and all tamer 1d.lla aDd teetameDte b)-_at arrr t1me made. ~'Id1rect flIT .Executors bllre1Jlatter ,DIllIl8d to plI7 all 11J3'Just done. sg.o@,.Due to the tact that the household goods aDd turn1sh1ngs and other ert1::les or ille JdIld CQZ1ta1ned in the doIrt.o1le above mentioned are the property ot rq daughter,.umE BUER \lEIKBK,1Ih1.ah were aoquired through inheri-ADce tram rel&t1vu or by g1tt tram her IIlOther or tro:n :De,• no disposition thereof'is made he:l"e1n • .lmlmJ.'Any and all bouaebold goods and effects and other articles of'a strictly J:-ersonal use and character'vh1ah lIllY be tound in any other place in vh1ch I &III t«llpOrarily redding ft the t1JDe or "IllY :ieath;I give and bequeath unto rq wite,WIIHl L.BUBR,and in atklit1oz1 thereto any automobile or autolllObiles vb1ah I ~~pollIlNII. lOVRt3"I 'give and bequeath unto ...,.eoD-in-lav,D.\VID P••'EIMER,JR.,, the INin ot 1'!2l TBDtJSABD'($lO,OOO.OO)JXlLLlRS &8 aD expression"ot rq &f'tect1onVAL1'ER R. 8&DB tor h1m and the appnc1ation or hill tWal OODduot as a member or rq bousehold,,'(&. and 1t is Jq vi.h that vith th1a g1.tt he parchue 110_article of •striotly personal use and ohIraoter. -1- ~j{i "" r.·I' nrnu.-I 'direot tat ur:r and all estate,1..Dheritano.,tra.Dsrer, or other tams ot 8 .1III1lar mtaft toUDd to be doe and pa1llble upon anY legacy,devise,lile estate,aJI4 ~1nder prorl4ed in th1a Will;or upon 8Jl3'other form ot propert)o Wilteoenr \Ih1oh III1iht be held to be taxable as a :>art or rrq eetate,ehall be pd4 by JtI¥Exeauton ,or bT rrq Trusteell !rom the principal or rrq estate,80 that llJl3'_aD4 all beDetio1ar1es UDder the provisione of t.h1.Will all receive their bequut,lUe estate,or r8lllll1nder vithout any d1m1nutions in amount or value ooCllla1oDed by ea1d taxes and vitbout w1ting tor the t81'lll1naticm of tm7 l1f'e estate and 1o'itbout &D;1-re~- OOrsement of the life tenants tharefor. 2UIJ!.!.-All the rest,residue,and l'8IIlllWer of rrq estate,real, personal and mixsd,ot vbIltaoever 1dD4 and Wereeoev9r found,vhich I may O\ln or to vhich I may be entitled at the time ot JTl1 death,I give,devise and bequeath unto THE UNION HATIOIAL BANK or PITtSBURGH,a corporation,and EDWARD L.STOCKDALE,ot Mt~LebsDon Towahip;AllegbeJl3'County,Penns:ylvania, and their suocessors,IN TRUST,1IlWEim,tor the persons and for the uses and purposes hereinatter set forth,to-vit 1- (a)A ONE-BlU (1/2)PART of rrq residuary estate,vhich shall include rrq property at 5712 North Bay Road;-M1am1 Beach;norlda,if then the same shall be owned by me,emll W set apart 1lB a sepa1'8te trust and the net income theretrom shall be pa14 in monthl7 or other convenient payments unto JJ1Y vife,WILMA L.BAlCER,during her lUet1me1 1n addition to such income payments,the Trustees are authorised -to ·w.eat 8117 t1me and rrOm be to time so much of the principal ot the corpus or the trust as in their discretion may be deemed advisahle or dea1rllhle tor her ma1nteDance,support, comfort and vellare,IUld I direct the T1'wItees to give a liberal construction to the needs for Wich such prino1pal might be used. - 2 - ,••1 " (b)M.T Nid 1dte,WII&L.BWlR,aha11 taft the right toI oooup)'"the propertT at 3'7l2 Borth Ba7 Road;M1ud.Beaoh;J'lorida,tor so long as she ab00a88 to ~tbIre1D,aDd the apeDHlI ot IIIL1DtainiDg the propert7 1n habitable ooDdition,tuaa,prem1U11l11 ot t11"e 1DIIuftnoe,and other like charges sbUl be paid b:r the Truateea t1'QII the 1noome reee!ved.In the event she should not \dsh to oont1Due to reside therein,tbe Trustees,upon the receipt of her vr1tten notice ot permanent r8lllOval theref'rom,ma7 sell the property to such person or"pe1'1IOD8 tor such Price and upon such terms and conditions as th81 deem satilltaetory• (e)"Upon the dee.th of J1l1 said vite,WII&L.BAm,the then_ principal theretofore held tor hC'use llhall oont1Due to be held IN T!U1ST by' rrry said Trustees and the net iDOOIIIII theretrom IIhall be paid 10 monthly or other convenient p8;Ymlll1ts to her SOD,GARRAT1'LeVAN,e:uring his lifetime and, upon his death,the pr1no.ipal then reme1n1ng in the trust shall be divided into as many shares as there are issue of his 11v1ng at the t1Jlle of Ms cieath 1.l'11O shall ta.ke per st1rpes,and each such share sMil be held and administered 8S 8 separate trust estate unto such surviv1ng ill8Ull r9spectively atta1n the age of twenty-one (21)years when the prina1p8l shall be ~d to them free and discharged of the trust.Should ~of such issue of the said GARRATT LeVAN die before attaining the age of tventy-one (21)years,leaving issue to surviva him,her or thsm,the stare of such one or onee;so dying shall be divided to and among the latter,diatribution to be IlIlde as t~81 3everally 'lttain the a&e of twenty-one (21)years."Should any ot the surviving issue cof the sdd GARRArr LeVAN die before attaining the age :>f twenty-one (21' yeara without leaving issue to survive him,her or them,the share of such -3 - I i" " one or ones so dying ehall be divided equa~IUIIOng the surviving Crothers and/or sisters,as the 0888 lIB"be,'o~the issue of any ot them then deceased and shall be added to aDd beOOIIle •part ot the trust.estates held f::>r them and the income shall be paid and the principal distributed as a put thereof. (d)"SOOuld 'Illf said vite,WIU~L.BAXm,predeoesse 1118,then aDd in that event I give,devise and bequeath unto rq said Trustees a ONE- FIrnl (1/5)PARr ot rq residuarf estate IN TRUST tor the use of GARUTT leVAN, and the inCOlll8 shall be paid and the principal distributed in the ~ame l!l!lm1er ". as above provided tar h1JIl in Sub-Seotlon (c)ot this paragraph and this provision shall be in lieu thereot. (e)The 1'fl!!l!I1n1ng OliE-HALF (1/2)PAR~of ffIl residuary estate; and in the event rq said vite should predecease me,then a FOUR-FIF'lHS (415) PART of the net res1dua1'1'estate;I give,devise and bequeath unto my said Trustees to be held b1'th&lll IH TRUST 8e tollows: (1)"An equal ONlhFOURTH (1/4)PART thereof shall be held for my daughter,ANNE BAIER WEIHm,aDd the net inOOIre therefrom shall be paid unto her in monthly or other oonvenient payments during her ill~t1.me, !lDd,upon her death,the then principal,together vith any inoome accrued or accumulated thereon aDd r8lllll1niDg unpaid to her,shall be divided in equal I shares to and among rq three grandchildren here1naf'te:r named and shall be added to the trust estatea hereinafter created tor th':l!II and '..be income shall be paid and the principal distributed as a part tber~f., Due to the fact that ample provision tor my said da\1ghter me been cade b1'other relatives ot hers,including her mother and myself,it has seemed to me advisable to make provision tor her herein upon the same basis &s made for rrry tbree graDdch1.ldren. -4- ,... I,- .(2)!n equal OU-loUR1'll (1/4)PAR!shall be held in trust tor rq gnDddaughtco,AHI ABiiJ·VlDlBR,aDd equal ~UR'1'B (1/4)PART for rq .. gre.nddaughtco,J11LIA V.wmma,aDd aD equal·OB-lOtlR1S (1/4)PART tor uq grandson,WALTER B.vmma,Uld dur1ZIg their reepeoti"III1noritiea &II much of the net UOOIIl8 as the 'lZ'uIrteU in their c!1saret1On my'deem n8088Bar1 -T be used for their ma1Jltenanoe,qport Uld edl1oation.'nJ::01ng sueb minoritT &D7 ex08aa income over and abo.,.their reaaonable needs -1 be acCllllll1lated and invuted b7 the Trwste88 until tbI7 s!ll1l bave reapeoc.vsl.7 atta1Ded their majoritT,at \Ih1ch time the ent4re net 1nooIIle ahall be paid unto thsm. ,(J)'As aJI4 when each or the Mid grandchildren sball bave atta1Ded the age ot tortT-tive (45),.ra,the 'f:nJateea sb1ll distribute to him or her It ONE-J'OURm (1/4)PARt ,or the principal ot their respeotive share and a 1'urther ONE-.FOtJR1'H (1/4)P!RT.thereot ...aDd when theT sball have respect1vel7 attained the age ot t1tt7-tive (55)~.'Thereafter the income on the relll&1n1Dg portion ot their principal share ahall be paid to them tor life. (4)·Upon the death ot ltD;)"ot rrrr sdd grandchildren,than portion of his or her principal share then 1WM1n1ng 1r.trust,together with any income accrued or accumulated and r ....1n1ng uDd1l1trtwted,shall be divided per stirpes into lllI IIII1D7 sbl~a ..theN are iesua him or her BIU'- viving and each share ahall be held aDd adm1D1stel"ed as a separate trust until the Sllr'Viv1.ng issue attain the age or tventT-one (21)~nlspectivel7 lIt1fm the principal s!ll1l be distriwted to the.·Sbould aD;1 or such surviving issue die be.f'ore having attained the age ot twntT-one (21)7'8llre,the share of such one or ODell sblll go per stirpes to 1DOl"8llse tbe shares or the other surviving issue then living,and 10 on tram t1JDe to t.1Jce as otten as a death occurs. -5 - .'J I: ·(5)Sboald aq ot rq said grandchildren cUe without leavicg issue to survive b1III or her or,it l_T1Dg illllU8 to survive,all or mob shou1.d die belON att&1D1Jlg the'age or tveDt,...one (21)79U1l,the undistributed principal ot IIUClh ODe or oneil Ilhall be cU't'1ded ~to and among the trust estatee ot the otbar tvo gnmdob1ldreD aDd the issue per stirpes of either ot them then deoeased aDd aball be held,adlll1n1stered,and distrihlted in aocordance vith the provia1ODa bere1.nbetore made tor them. (f)'If at any t.1.me or timllll and trom t1.lIIe to time the 1'n1stees In their sole discretion deem it neoesll8r1 or advisable to use any part or perts of the principal shares hsrein provided for fIl1 vife,my daughter,and for m;r three grandchildren tor their mainteDance,lNppOrt,education,comfort and welfare,the TrwJteee are herev1.th authorised so to do and they shall give 8 liberal construction to th1e direction lDaSllllloh as their comfort and.velts.re are of primary consideration to me.''l'be income,aDd prineipa1if found to be neooed.of the share or aharea ot an:r lIl1Jlor benetieiarles t:ak1ng hereunder may be expended during their lIi1norit,'b7 the Trustees in their discretion for the pw-poII;'''above enUlll8nted,or u:r be pa.1d unto the paromt .;r parents having the euatody ot IIUoh one or ones and vithout the intervention of a guardian or reference to the Orphanal Court having jurisdiction. (g)During the aontJ.puanoe ot the trusts herein created,the principal 8UIlI or 8UIIIS ot the tIuat tunds aDd the inaome thereor shall not be subject to or liable tor an:r oontraots,debts,engagements,llabillties or torts of the beneficiaries respectively IlOV or hereafter _de,aontracted, IncurI'9d or committed,hlt sball be absolutely tree ~too ~e.:.:ld the benefioiaries respeotively sball bave DO pover to sell,asslgn or encumber all or any part of the principal 8UIIl or 8UIlI8 ot the trust t'tmds or their interests therein respectlVely or the 1n00lll8 thereof,or to antioipate said income. -6- ,••1 a','l mRmh'I DOIII1JJa~,oaaet.1tate aDd appoint BI1tlARD L.STOCIDoU.E,ot Kt.LebaDoD Towsh1p,W~·CoUIlt7;PIIDDII71ftD1a,llDd mE mOli BATIONAL BANK or PlrTSBORCiH,a oarporaUoD,aDd the1r lIllooeellOZ',S,to be the !:moutora of this rrrr w'st V11l 'aDd hetaezlt aDd to be the TruatMe hsr8UDdar,and I give to rrrr Eacutors in the ..ttJ...mt ot WI1'.tate.aDd to rrrr rruatees atter rrrr estate has be8D settled,tbI tol1.ou1ne pclVen art:1 0:'all ot vb1ch IIlll7 be exercised as Enoutore or ae !futMa it tOUDd to be U08SBarT or adv1sablel- (1)To take over ad retain unaoDftZ't.ac1 80 long as they IIia7 see n t 88ch and flVery item ot real aDd peraoDal propertT '"Jt vh1ch I IIIf1T be possessed vitbout llab1l1tT tor deprea1ation in the value thereof,IUId in their discretion to sell ar otber\d.se dispose ot all or &D7 ot the S8ll8,or any securities or pl'Oper'fi7 into wb10h thaT J1a7 be aounrted &II hera1.n.e.1'ter provided at publio or private aaJAe to suah p8l'8On or :?8reons tor such price or prices and upon such tenu ad aonditiODB as tbeT tl:lall deem proper.In case ot ~sale or other d18poaition,or any liquidation of 8IlT securities or PropertT at any t1JIle held hereuDder,the Truateee tl:lall f'roD:.time to time invest and rainv88t tba prooeeda in such stocke,bonds,notes,1IlOrtgages or other securlties as'theT shall dec to be eaf'e and vis9 investltents,and they llhall not be aonf'ined nor restrioted to such investment.s as have been IIIllde legal tor fiduciaries UDder the lava or the eo-onwaUh ot PllDD8;ylvania. For the guidance ot rrrr trustees in the manaieaant or this t1'UBt Bstats,I herewith Dpl'eee the daa1re thAt not Il101'.tbt.n a ONE-.FIF'IH (1/5) PART ot m:r interest in the UHIVlRSAL-CICIDPS StEEL OORroRATION as represented. by'the COIIIlIIOU ClIpital stock held hereu:Dder be 1I01d 1I01el,y for the purpose of divera1t1Clltion ot·inTeatmenta.As aDd when it might se8lll advisable,desirable ...-.......-----··_·-7··..··------.-....- rI or ne088earT to JIlT 1'Jouateee to .eU &D7 put or ill ~the redD1ni lOUR- FIFTHS (415)PJRT ~the 00-=qapit&l stoat ot the said IJn1versal-C7clops Steel Corporation,it 1s JIlT .s.me tbt.t web proposed sale or sales shall t1rst be dis0U8sed with JIl1'vUe,WII&L.B&IER,it she eurv1ves me,aDd oLth rJq daughter,AHD BAIER wma:R,aDd the1Jo vritteD ooDBent thereto obtained. to time iD their 8018 disaret.1oD tor UJ:1 purpose to borrow 1IIOD81'IlDd tor that purpose to pledge or IIlOrtgage lUl7 ot the assets or propert)-theD conlltitut1.J:lg the fund and to execute aDd deliver a.n;r and all notes,bonds, obligatioDB,mortgages,assigDlll8Dta,and other 1Ju;trumeDts and to perform all acts neoessary,proper or oouvcUent iD OODD8ot10tl therev1th,an;y and all_ such b8Ds,pledges and mortgape to be _de iD the,801e discretion of rJq Trusteee and tor suah amounts and upon eueb termsae they aball dS8111 proper. (2)No purchaser or any'aecur1t1ef or pro~at any tiLle sold or othsrv1se disposed ot by rJq Truateea sblll]be under a.n;r rsspoDBibilltl or llab1U~to S88 to the application or an;y iDOClII8 or pr'....nd.pal distributed bl them to eIq person entitled to receive the same,under the prov1sioDB or this \lill.In oomeot1on \d.th the sale or t.rllDda or UJ:1 seaur1t1es of proper~_de under the proviaiou bereot,rJq Trw!teea are hereby autborill;ed to exsaute and deliver all -.:lah xInooable and 1.rrAI:>aable povers of attorney, bills ot 1I&1e,aee1gD1118Dta,4eeda,OODV81'Doel ant wah other 1Dstrulll8Dta as 11181 be neoes8lU"1 or proper iD aak1Dg IIUCh sale or -transters.'l'be oertificates for all aharee ot stock and the title to all real estate ~eb ~time to t1JDe ms:r be held bl the Trustees hereunder f1IA1 betranaferred or record iDto the DIUIIe8 of rJq Trustees as tnlatees hereunder,OI:f1IA1 be traDaf'erred into the - 8 - .,..._._--------_._----------._------.:.- .'.. •III name of the I:lOminee of the GOrpozoate t1duc1.arT authorised bT its Board of. D1reatore to aot in suoh ca~o1V.The \'Ot1Dc povv upon all Ilharee ·ot stock or other seouritiel!at!81J7 t1JIe held bT rq Truatees hereunder Ilhall be executed bT IlI.Y Trustees in perSon or b;r proq.It 'tq trusteea shall at IUI3' time bold or purchue boDda at 11 price in 8XONs of par,they'shall DOt be required,except st their option,to 1lIIOrt1..that put of the purchase price in exoeall of par,but a111Dterat reoe1ved on ea1d boDda 1IB1 be treated and paid out all inoome,or at the opt1.on of IlI.Y Truateea an;r income in their bu:lds may be used at the time of purohue to aPPolT ap1nst that part of the cost of e;aid bonds which 1s in uCeas of par. (3)"The Tru8tees ehall bave power to bold and 1IIIlD&g8 any such real estate,make repairs aDd 1mprovements aDd lIIIke leases thereof to suoh - tenants for such period and upon INCh terms as Jtq Trustees in their discretion 11181 determino,and no lease by rq Truatees for a term of five 19l1r8 or less shall be terminated b;r r81180D of the term1J:I&tion of the trust before the expiration of the term of theme8,but,in Ilp1te ot thet8nllillation of the trust,suoh lease sl8l1 rSIBin in run foroe aD4 erf"ct dur1Jlg the term thereof.Hy Truatees Ilball have power to NOel..and collect rents.interest and other inOOlll8 of said real eetate or other trust property,using suoh legal prooeedings as they IIlIl7 de8111 neoesoary for the purpose,and they'shall •have paver at 4.~time to sell,CODV1l7 and transfer llny or all real estate and other propertY"which theT IIlIl7 hold as Trustees,00DVIJ71ng and transferring the 8llIIl8 b;r deed or other instrument in vrit1Dg .in su~form and with such covenants as 1!l1'Trustees IlIlT deem best,vitbaut the oonsent fir tm7 coUrt and without liabilitY"on the part or U17 purobaser to see to the application of the purcbase IlIOn.,.. - 9 -, ~.,,---".~'--..,--.---_.---.,..,.-=~~-.,-.,....-.---.......-'._--.,...,-.....,........._-.,--~---".,..-...,.---- I·1 iIj j J! II The l'ruBteea are aut.bor1sed aDd 8IIIpOwrec!to enter into,consent to or oppose &n3'corporate rearp.Diations,lII8l'ger's,·COJ1Bolldatlons,dissolutions I and llquidaticns ot &n3'oorporations wbose stodts or other securities shall at an;y tJ.me be held b7 the u part ot the trust under the proviaioll8 hereof, aDd to lIIIllce,conlNlDt ~or oppoee other a4juatmenta ot aDd ahIlDges in the cap!tal tlmds or propetlij coutitut1Dg the trwlt propertn the,.Illll7 exurcise an;y aDd all r1c!l~ot aubaariptiOD vith respeot to &n7 stocks,bonda ~other :leourities inaluded in t.be tnJat. (4)The ~in JUld.Dg arrr dUtribution of principal-of the trust t\md ma:'T !l8ke the said diatribltion in IIIOD87 or in kind or partly in mone,.and part.1J"in kiDd. EIGHTH'ID t.be ennt the aa1d !DWlRD L.STOCKDALE should predecease me or,survivi::li _,be unable to qua.ll.t'J as Co-Emcutor aDd Co-'l'nultee hereunder due to illness,aooident or inoapaoit,.to act for &IIY reason vhatever,or,1.llIviq qual1t1ed,be Uliable:to perform the duties her9'J1th 1mposed,then aDd in that went rq said vite,WIlMA L.BAIER,if she SurviV68 :118,and rq sucl daughter,.a.mm BlUR \lEIMER,shall have the right to DIl~e such indiv1dua:.aa his succeuor 811 Illll7 be IIU1table to the oorporate fidu<:1ar,-here~named or ita aueoesllOr in ofti08.In the event rq said daughter should predeoeas8 'tIlT ea1d "n.te or upon the death ot rq said duaghter if she is the surv1vcr of th8aI,then a _jor1t,.in interest ot her issue \lho are then sui juris Illll7 at aD7 tJ.me or trom time to t1JDe upon tll.ing their request c·r·eleotioD 1D vr1ting change 81ther or both'the Individual and the oorportlte trustee tha in office.In the event of failure of the beneficiar1es to nominate a suocessor individual trustee in accordanoe vith the 8 bon provisions,tbsn the corporate trustee or 1ts successor shall act 8S though solely named hereunder.A:rq successor corportlte trustee named -10- .'JL--.-:.._ hereunder ehall be •trust oc.apall1'or·a DIltiollll1 bank authorised to do tNSt buainese,vbether located 1D Pezmqlvania or eleewbere,aDd sl:811 have a capital or Dot less thaD tl,OOO,OOJ.OO and a eu.rp:aa or not lees than .$500,.000.00.In the event that 1Df.oha.nge or Truatee.or Truateea 18 IIIIlde at 8Dl t1me herein provided,the 'lru8tMe vboae .ez'"C.Olte are dieoont1Dued eblll etrectuall7 transter or deliver Oftl'to tMir 8l1ooeaeor or IUOOUeorB all the property held 1D the trust estate IlDd etall ro.an aooount1ng or the ad- minietration of the trust in a 0ClUr't of appropriat.e jurisdiction. JIDm!!.No bond or otbelr a8ClJr1ty ahall be required of the individual named as Eueutor aDd as Tnlstee bereunder nor arq 8'\locessor to him selected in accordance \11th the above prov1a1ons,and the Trusteea,both individual and oorporate,or ~substituted "l'ruatee or Trustees,shall bave the right to resign upon giving n1Dety (90)dqBl vritteD notice or such 1Dtent10n to all the benef1a1aries tald.Di under the provia1OD1J or this W1ll vhether minors or adulta. ~All the tortlO1.Dg provilS1ona vlth respect to the Trustees shall apply whether one or 1IlO1"8 trustee ahall be acting.regard].sss of \/hother the language berein contained shall bl!appropr....te to •trustee singular in IlUIIlber or trustees plural 1D number,and &l1 such provislona shall inure to the bene!1t not only of the Tnlstees herein DIIIII8d,bit also t.:l all successors in said office. IN 'WITNESS WHERml",I,lIALTm H.BAXm,have to this my Ls.st 'Jill "and Testament set rrsy band and seal this A.D.,194.:.:.6__ 26th._.~..~r..--_-_....A_...WN.......s....t~~_=-,., II Signed,sealed,published and declared!by the above IlIUIled tests.tor, -11-I I,. '0,,, j 1 i 1 WALTER H.BAIER,as and for Ide L..t 'Will and TeatameDt,in the presence of us, vbo,at bis request,in hie preeece lard in tbI presence of each other,have berelmtc IIUbacr1bed our DIlIDN."w1tDeaeee tba"eto. Addreee I W:QlMUNt st. Jh:i4m:111••fa• •:lACI P.\{IRTZ Addreau 753 liaah1peten Axe. 3r1dmille.PI. :!:LVIRAP.CAS'm..LI Addnll81 b14 Bank Street Bridgey111e.Pa • • -12 - I HEREBY CERTIFY THAT THE FOJtEGOING IS }\' :BUB A CORRECT ,COfY OF DECEDEt{'i"S WILL ,W..~. ,AftOBNBY lOB ACOOUNTANT"~." I'.J . 1!.~ ·~. . IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION NO.63-70-318 WALTER H.BAKER,DECEASED ADDITIONAL RECEIPTS AND DISBURSEMENTS TO THE AMENDED THIRD AND PARTIAL ACCOUNT OF JOSEPH DUNCAN KNISELEY, SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH SURVIVING TRUSTEE TRUST UNDER THE WILL DATED AUGUST 26,1946 TRUST FOR WALTER B.WEIMER STATED FROM MARCH 26,1988 TO MAY 3,1988 SUMMARY AND INDEX PRINCIPAL-PERSONALTY Receipts Net Gain on Conversions Less Disbursements Investments Capital Changes Principal Balance Remaining INCOME-PERSONALTY Receipts Less Disbursements PAGES 5 5 Sub-Total 5 .5 6 6-7 7 /~ $727,165.88 / 44,468.64 J $771,634.52 ~ 749.31J I 1---$770,885.21 J$21,001.19 761.01 Balance before Distribution Less Distribution to Beneficiary Income Balance Remaining COMBINED BALANCE REMAINING Exhibit "B" 7 $20,240.18 j16,450.56 WALTER H.BAKER TRUST COMPOSITION OF NET BALANCES PRINCIPAL -PERSONALTY Stocks 1,000 shares Aetna Life and Casualty Company,Conunon 2,600 shares American Express Company, .Conunon 1,000 shares American Home Products Corporation,Conunon 800 shares Baxter Travenol Laboratories, Incorporated,Conunon 200 shares Bell Atlantic Corporation, Conunon 700 shares Corestates Financial Corporation,Conunon 2,000 shares Exxon Corporati~n,Capital 500 shares First Union Real Estate Equity and Mortgage Investments Company,SBI 3,500 shares H.J.Heinz Com?any, Conunon 600 shares International Business Machines Corporation,Capital 500 shares Pepsico,Incorporated, Conunon 800 shares Raytheon Company,Conunon 1,922 shares Union National Corporation, Conunon Bonds $30,000 North Penn Pennsylvania School District 6.10%dated 4/15/87 due 11/1/97 -2- Account Value $34,445.00 43,367.00 62,960.00 14,628.00 5,596.02 21,787.50 30,073.00 12,705.00 32,080.93 30,666.00 13,675.00 34,065.05 7,059.43 30,000.00 WALTER H.BAKER TRUST PRINCIPAL -PERSONALTY (continued) Bonds (continued) $65,000 Pennsylvania 6.50%dated 5/15/75 due 11/15/88 $10,000 Pennsylvania 4.90%dated 6/1/72 due 12/1/88 $40,000 Pennsylvania 7.50%dated 4/1/84 due 10/1/89 $20,000 Pennsylvania 6.15%dated 3/15/70 due 9/15/90 $10,000 Pennsylvania General State Authority 4.60%dated 2/15/68 due 7/15/89 $60,000 Pennsylvania Highway 6.20% dated 9/1/70 due 3/1/90 $40,000 Pennsylvania Highway 6.20% dated 6/15/74 due 12/15/90 $30,000 Pennsylvania Public School Building Authority Lease Revenue 5.25%dated 5/1/77 due 11/1/91 . $30,000 Philadelphia,Pennsylvania, Hospitals and Higher Education Facilities Authority,Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured 6.50%dated 4/1/87 due 7/1/94 $35,000 Pittsburgh,Pennsylvania, FGIC Insured 7.20%dated 8/1/85 due 3/1/91 $40,000 Pittsburgh,Pennsylvania, Urban Redevelopment Authority 8.50% dated 3/1/85 due 8/1/91 $30,000 Red Lion,Pennsylvania, Municipal Authority Water Revenue, AMBAC Insured 5.50%dated 11/1/86 due.12/1/91 -3- Account Value $56,732.00 6,120.00 40,000.00 13,400.00 6,120.00 48,891.00 26,848.00 30,000.00 30,000.00 34,921.25 40,000.00 30,000.00 WALTER H.BAKER TRUST PRINCIPAL -PERSONALTY (continued) Bonds (continued) $25,000 Westmoreland County,Pennsylvania, Municipal Authority,Municipal Service Revenue 7.75'"dated 12/1/85 due 7/1/94 Temporary Investment $9,700 Federated Trust for Short-Term United States Government Securities Fund (Treat as cash) *Cash TOTAL PRINCIPAL INCOME -PERSONALTY *Cash COMBINED TOTALS *Note:All cash is invested in Federated Trust for Short-Term United States Government Securities Fund -4- Account Value $25,000.00 9,700.00 $770,840.18 45.03 $770,885.21 3,789.62 $774,674.83 .' WALTER H.BAKER TRUST PRINCIPAL -PERSONALTY RECEIPTS Principal balance per Amended Third and Partial Account filed PRINCIPAL CONVERSIONS INTO CASH Gain $727,165.88 Loss 3/30/88 1,000 shares Texaco, Incorporated,Common Net proceeds Carrying value $60,900 Federated Trust for Short-Term United'States Government Securities Fund Redeemed 4i4/88- 5/3/88 Carrying value $48,403.37 3,934.73 $60,900.00 60,900.00 $44,468.64 ~ 4/4/88 TOTAL GAINS AND LOSSES LESS LOSS NET GAIN PRINCIPAL -PERSONALTY DISBURSEMENTS The Union National Bank of Pittsburgh Principal fees period ending 3/24/88, PRINCIPAL INVESTMENTS $70,600 Federated Trust for Short-Term United States Government Securities Fund 3/17/88 -5/3/88 Cash disbursed to purchase the above assets $44,468.64 0.00 $44,468.64 $70,600.00 70,600.00 $ $ 0.00 749.31 -5- $0.00 ,. WALTER H.BAKER TRUST PRINCIPAL CAPITAL CHANGES Texaco,'Incorporated,Common 1,000 shares Shown in Partial Account filed I 3/30/88 1,000 shares Sold Federated Trust for Short-Term United States Government Securities Fund $70,600 Purchased 3/17/88 -5/3/88 60,900 Redeemed 4/4/88 -5/3/88 $9,700 INCOME -PERSONALTY RECEIPTS Income balance per Amended Third and Partial Account filed Baxter Travenol Laboratories, Incorporated,Common 800 shares 4/4/88 Bell Atlantic Corporation,Common 200 shares 5/3/88 Corestates Financial Corporation,Common 700 shares 4/4/88 First Union Real Estate Equity and Mortgage Investments Company,·SBI 500 shares 5/2/88 H.J.Heinz Company,Common 3,500 shares 4/12/88 Pepsico,Incorporated,Common 500 shares 4/1/88 Raytheon Company,Common 800 shares 5/2/88 North Penn Pennsylvania School District Bonds 6.10% $30,000 11/1/87 -5/1/88 Pennsylvania Bonds 7.50% $40,000 10/1/87 -4/1/88 Pennsylvania Public School Building Authority Lease Revenue Bonds 5.25% $30,000 11/1/87 -5/1/88 -6- $3,934.73 3,934.73 $70,600.00 60,900.00 $9,700.00 I $15,177.93 .....-- 100.00 204.00 262.50 187.50 1,085.00 85.00 400.00 915.00 1,500.00 787.50 WALTER H.BAKER TRUST RECEIPTS (continued) Federated Trust for Short-Term United States Government Securities Fund 3/1/88 -4/30/88 TOTAL INCOME RECEIPTS INCOME -PERSONALTY DISBURSEMENTS $296.76 , /i$21,001.19 "-.-J I 4/4/88 The Union National Bank of Pittsburgh Income fees for period ending 3/24/88 INCOME DISTRIBUTION TO BENEFICIARY Distribution in accordance with Paragraph Sixth (c)(2) $761.01 Walter B.Weimer Account Net Income 4/4/88 TOTAL INCOME DISBURSEMENTS -7- 16,4.50.56 $17,211.57 - ,' -~-------- WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON THE CLOSING PRICES AS OF MAY 6,1988 -~------------------- JOSEPH DUNCAN KNISELEY AND THE UNION NATIONAL BANK OF PITTSBURGH,TRUSTEES WALTER B.WEIMER 3/4 SHARE REMAINING IN 1/4 SHARE TRUST FOR WALTER B.WEIMER LEDGER VALUE CLOS rNG1RlkE_~SHARES LEDGER VALUE CLOSING PRICES SHARES LEDGER VALUE CLOSING PRICE $34.445.00 $40,625.00 ------1,000 $34,445.00 $40,625.00 43,367.00 61,100.00 ------2,600 43,367.00 61,100.00 62,960.00 73,625.00 ----- -1,000 62,960.00 73,625.00 14,628.00 16,400.00 800 $14,628.00 $16,400.00 5,596.02 13,000.00 200 5,596.0:.1 13,000.00 21,787.50 27,650.00 700 21,787.50 27,650.00 30,073.00 88,250.00 500 7,518.25 22,062.50 1,500 22,554.75 66,187.50 = 12,705.00 10,687.50 500 12,705.00 10,687.50 0- --- 32,080.93 140,875.00 1,000 9,165.98 40,250.00 2,500 22,914.95 100,625.00 +J 30,666.00 66,300.00 600 30,666.00 •.-l- -- ---66,300.00,!:l 13,675.00 16,812.50 500 13,675.00 16,812.50 ----- - ..-l 34,065.05 53,400.00 ------800 34,065.05 53,400.00..c: >< 7,059.43 59,582.00 1,922 7,059.43 59,582.00 ~ , \I ~.. \.., ".~ SHARES 1,000 2,600 1,000 800 200 700 2,000 500 3,500 600 500 800 ':":,_:'~'1,922 PAR VALUE $30,000 A.....~__"_.~_",--"""_,,,!---- STOCKS Aetna Life and Casualty Company,Common American Express Company, Common American Home Products Corporation,Common Baxter Travenol Laboratories Incorporated,Common Bell Atlantic Corporation, Common Corestates Financial Corporation,Common Exxon Corporation,Capital First Union Real Estate Equity and Mortgage Investments Company SBI H.J.Heinz Company,Common International Business Machines Corporation,Capital Pepsico,Incorporated,Common Raytheon Company,Common Union National Corporation, Common BONDS North Penn,Pennsylvania School District 6.10%dated 4/15/87 due 11/1/97 30,000.00 27,468.60 $30,000 30,000.00 27,468.60 ---------- WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON THE CLOSING PRICES AS OF MAY 6,1988 PAGE 2 " JOSEPH DUNCAN KNISELEY AND THE UNION NATIONAL B~ OF PITTSBURGH,TRUSTEES WALTER B.WEIMER 3/4 SHARE REMAINING IN 1/4 SHARE TRUST FOR WALTER B.WEIMER LEDGER VALUE CLOSING PRICES SHARES LEDGER VALUE CLOSING PRICES SHARES LEDGER VALUE CLOSING PRICE $13,400.00 $20,191.00 ------$20,000 $13 ,400.00 $20,191.00 48,891.00 60,608.40 ------$60,000 48,891.00 60,608.40 6,120.00 9,977.50 ------$10,000 6,120.00 9,977,50 26,848.00 40,428.00 ------$40,000 26,848.00 40,428.00 56,732.00 n<;,41.4.05 --.---$65,000 56,732.00 65,414.0~ 40,000.00 41,040.00 ------$40,000 40,000.00 41,040.00 6,120.00 9,844.40 ------$10,000 6,120.00 9,844.40 30,000.00 29,215.80 $30,000 30,000.00 29,215.80 •\rJ PAR VALUE $20,000 $60,000 $10,000 $40,000 $65,000 ::;$40,000 $10,000 $30,000 $30,000 .'...... $35,000 '-! BONDS Pennsylvania 6.15%dated 3/15/70 due 9/15/90 Pennsylvania Highway 6.20% dated 9/1/70 due 3/1/90 Pennsylvania 4.90%dated 6/1/72 due 12/1/88 Pennys1vania 6.20%dated 6/15/74 due 12/15/90 .Pennsylvania 6.50%dated 5/15/75 due 11/15/88 Pennsylvania 7.50%dated 4/1/84 due 10/1/89 Pennsylvania General State Authority 4.60%dated 2/15/68 due 7/15/89 Pennsylvania Public School Building Authority Lease Revenue 5.25%dated 5/1/77 due 11/1/91 Philadelphia,Pennsylvania Hospitals and Higher Education Facilities Authority Hospital Revenue (Presbyterian University Penn Medical Center)AMBAC Insured 6.50% dated 4/1/87 due 7/1/94 Pittsburgh,Pennsylvania FGIC Insured 7.20%dated 8/1/85 due 3/1/91 30,000.00 34,921.25 30,049.80 35,610.05 $30,000 $35,000 30,000.00 .34,921.25 30,049.80 35,610.05 •WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON THE CLOSING PRICES AS OF MAY 6,1988 WALTER B,WEIMER 114 SHARE PAGE 3 JOSEPH DUNCAN KNISELEY AND THE UNION NATIONAL BANK OF PITTSBURGH,TRUSTEES 3/4 SHARE REMAINING IN TRUST FOR WALTER B.WEIMER PAR VALUE BONDS LEDGER VALUE CLOSING PRICES SHARES LEDGER VALUE 'CLOSING PRICES SHARES LEDGER VALUE CLOSING PRICE $40,000 $30,000 $25,000 Pittsburgh,Pennsylvania Urban Redevelopment Authority 8.50%dated 3/1/85 due 8/1/91 Red Lion,Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50% dated 11/1/86 due 12/1/91 Westmoreland County, Pennsylvania Municipal Authority Municipal Service Revenue 7.75%dated 12/1/85 due 7/1/94 $40,000.00 30,000.00 25,000.00 $42,275.60 28,872.90 26,791.50 $20,000 $20,000.00 $19,248.60 $40,000 $10,000 $25,000 $40,000,00 $42,275.60 10,000.00 9,624.30 25,000.00 26,791.50 .. ~~~ ~ ; .. ~Q,700 TEMPORARY INVESTMENT Foderated Tru~t for Short·T~rm United States Government Securities Fund (Treat as cash)$9,700.00 Cash 45.03 9 745.03 S770,885.21 9.745.03 ~145,839.63 4,082.41 S176,217.59 4.082.41 S286,459.91 5,662.62 S594,667.62 5,662.62 S859,379.72 ---_..------_.~.------------- ,,.-_...... ".,l-..t IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE:WALTER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER NO.63-70-318 ELECTION TO TAF~IN KIND I,WALTER B.WEIMER,do hereby elect and agree to take "In.Kind"from JOSEPH DUNCAN KNISELEY,Successor Individual Trustee and THE UNION NATIONAL BANK OF PITTSBURGH,surviving Trustee,the following: Stocks 800 shares Baxter Travenol Laboratories, Incorporated,Common 200 shares Bell Atlantic Corporation,Common 700 shares Corestates Financial Corporation, Common 500 shares Exxon Corporation,Capital 500 shares First Union Real Estate Equity and Mortgage Investments Company,SBI 1,000 shares H.J.Heinz Company,Common 500 shares Pepsico, Incorporated,Common Ledger Value $14,628.00 5,596.02 21,787.50 7,518.25 12,705.00 9,165.98 13,675.00 Exhibit liD" Closing Prices $16,400.00 13,000.00 27,650.00 22,062.50 10,687.50 40,250.00 16,812.50 Stocks (continued) 1,922 shares Union National Corporation, Common Bonds $30,000 North Penn, Pennsylvania School District 6.10%dated 4/15/87 due 11/1/97 $30,000 Pennsylvania Public School Building Authority Lease Revenue 5.25%dated 5/1/77 due 11/1/91 $20,000 Red Lion, Pennsylvania Municipal Authority Water Revenue AMBAC Insured 5.50%dated 11/1/86 due 12/1/91 $.7,059.43 30,000.00 30,000.00 20,000.00 $172,135.18 $59,582.00 27,468.60 29,215.80 19,248.60 $282,377.50 I have hereunto set my hand and seal this ~~~IN WITNESS WHEREOF, day of -..z..g-7-t----'1988 WITNESS: -2- ----:r-1a&~~.t4=-==-==--'1)=-.---II!!•.P4==7ef==--'~--=....L._(SEAL),WALTER B.WEIMER I _ , Petition Sur Audit IN THE ORPHANS'COURT OF WASHINGTON COUNTY FORM USED FOR GUARDIAN-INCOMPETENTS -OR TRUSTEES No.318 of 1970 ESTATE OF WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER FOR LIFE TENANT ~ COUNSEL FOR THE ACCOUNTANT SHALL SUBMIT HEREWITH THE FOLLOWING,IF PERTINENT: 1.WILL ~ATTESTED. 2.~. 3.SIGNED ELECTIONS OF ITEMS TO BE TAKEN IN KIND- IF DISTRIBUTION ACCOUNT. 4. ~ 5.PRAECIPE FOR THOSE REPRESENTED. 6.m,tlrn~fiIDC~iXlOQXO£~~OOO JAMES W.UMMER,ESQUIRE • BUCHANAN INGERSOLL,PROFESSIONAL CORPORATION USX TOWER,57TH FLOOR 600 GRANT STREET PITTSBURGH,PA 15219 COUNSEL FOR ACCOUNTANT ''\ ;f.'. " The Union National Bank of Pittsburgh P.O.Box 837 Pittsburgh,Pennsylvania 15230 "...4 August 18,10/10 .. ,, Attention:Mr.J.Donald Patton,Senior Vice President In re :Walter H•Baker Trust for Walter Baker Weimer #2738 and Walter H.Baker Trust (The Walfer H.Baker Trust No.2)#2735-C Dear Mr.Patton: Under 1;l.bove Trust Agreements of June 18,1945 of my grandfather, Walter H.Baker,Edward L.stockdale and The Union National Bank of Pitts- burgh were appointed the Trustees and with the death of Edward L.Stockdale on November 5,1969,I now have the right to name an Individual Co-Trustee and this letter iS,to advise Y9u that I appoint Mr.William G.Stewart of 135 LeMoyne Avenue,Washington,Pennsylvania,15301.Mr.Stewart is adding his acceptance as the Individual Trustee to the bottom of this letter and the Corporate Truste~:;is'also adding,its approval on the bottom of this letter for the appointment of Mr.William G.Stewart.·It is requested that Mr.stewart be ~.I.,named as the Successor Individual Trust$~under each Trust.. '~ Very ti1~y yours,,...... WALTER B.WEIMER I hereby accept the appointment as the~~=CC7;~ WILLIAl-f G.STEWART The Union National Bank of Pittsburgh approves the appointment of William G. Stewart as the Successor Individual Trustee and hereunto add its approval. THE UNION NATIONAL BANK OF PITTSBURGH Trustee under Deeds of Trust of Walter H.Baker dated June 18,1945 for Walter Baker Weimer #2738,and The Walter H. Baker Trust #2-#ZJ1?-C."By~~~ SENIOR VICE PRESIDENT ·., Buchanan fugersoll PROFESSIONAL CORPORATION Attorneys j R.Michael Daniel 412-562-8837 danielrm@bipc.com December 4,1998 VIA CERTIFIED MAIL RETURN RECEIPT REQUESTED Daniel F.Svidro,Esquire 430 Washington Trust Building Washington,PA 15301 Re:Estate ofWalter H.Baker Washington County Orphans'Court Division #63-70-318. Dear Dan: One Oxford Centre 301 Grant Street,20th Floor Pittsburgh,PA 15219-1410 Telephone:412-562-8800 Fax:412-562-1041 Enclosed herewith you will find the original Petition and proposed Adjudication and Decree for the above-captioned trust which is scheduled for Audit on December 17,1998 at 9:30 A.M.in Courthouse Room #2. There are no contested issues in this matter.The account has been filed as a result ofthe income beneficiary attaining the age of55 which in turn results in the distribution ofone-fourth ofthe assets to him. Accordingly,I do not plan to be present for the Audit unless,after your review ofthe Petition and the proposed Adjudication and Decree,you believe that it would be appropriate for me to be there.In such event,please let me know,and I will be more than happy to attend. Very truly yours, R.Michael Daniel RMD/lb Enclosure cc:Sharon K.Waltz (w/o enclosure) Diana L.Munizza (w/o enclosure) PittSburgh0 Harrisburg 0 Philadelphia and Bryn Mawr 0 Miamiand Aventura 0 Tampa0 Lexington 0 Princeton 0 Buffalo 0 Washington DC NationaiCity~ DanieIF,Svidro,Esquire 430 Washington Trust Building Washington;PA 15301 Dear Nir.SVidro: J National City Bank of Pennsylvania 116 Allegheny Center Mall Pittsburgh,PA 15212-5356 December 15,1998 In re:Walter H.Baker,Deceased for Walter B.Weimer No,63-70-318 #PO-0365-00-0 Enclosed please find a corrected copy of page 10 of the Fourth and Partial Account of Nat10nal City Bank of Pennsylvania,Successor to Integra Trust Company,National Association,Integra National BankJPittsburgh,and The Union National Bank of Pittsburgh,as one ofthe Trustees ofthe above account. 'lbis cQtr~ctiQn was brought to our attention by Attorney Daniel through your oftiee.We ,apoiogiie :~9r:'ariy m~onve~.iel}ce,This page will make the 'acc~unting balance and complete:. _ • I .::.;.'~'~~.......-:,.7l >_.. ' - ~-":~4~·.....,1 ..• .".J:fyQu,have any questjons in regard to these matters,please feel free to contact Shar.)n K.Waltz at('I2;~f43\).,6'702oc'myselfat (412)442·-5669..''.'':,.,. nzu~s'~. Diana L·.!\1unizza Accounting Department . 73.()(J83-46 i1(/96) \\J~.--.J•. 1 .' IN THE COURT OF COMMON PLEAS OF WASIllNGTON COUNTY,PENNSYLVANIA WALTER H.BAKER,DECEASED FOR WALTERB.WEIMER ORPHANS'COURT DMSION NO.63-70-318 PETITION FOR SUR AUDIT "CODE'------- TRUST UNDER WILL DATED AUGUST 26,1946 PRESENTED ON BEHALF OF JOSEPH DUNCAN KNISELEY, SUCCESSOR INDIVIDUAL TRUSTEE AND NATIONAL CITY BANK OF PENNSYLVANIA,SUCCESSOR TO INTEGRA TRUST COMPANY, NATIONAL ASSOCIATION, INTEGRA NATIONAL BANK! PITTSBURGH AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE COUNSEL OF RECORD R.MICHAEL DANIEL,ESQUIRE PAI.D.#23145 BUCHANAN,INGERSOLL FIRM #052 20TH FLOOR ONE OXFORD CENTER 301 GRANT STREET PITTSBURGH,PA 15219-1410 (412)562-8837 Petition Sur Audit In The Orphans'Court of washington county Estate of WALTER H.BAKER, DECEASED,TRUST UNDER WILL For WALTER B.WEIMER Life Tenant Date of Will:August 26,1946 If there have been former accounts filed in this estate,list: Filed at No.63-70-318 Fiduciary JOSEPH DUNCAN KNISELEY, SUCCESSOR INDIVIDUAL TRUSTEE AND NATIONAL CITY BANK OF PENNSYLVANIA, SUCCESSOR TO INTEGRA TRUST COMPANY, NATIONAL ASSOCIATION, INTEGRA NATIONAL BANK/PITTSBURGH AND THE UNION NATIONAL BANK OF PITTSBURGH,TRUSTEES SURVIVING TRUSTEE Place of record of appointment Register of Wills, Washington,County,Pennsylvania No.90 August Term 1950 A. A.(Estate of Walter H.Baker,Deceased) No.318 of 1970 (First and Partial Account due to the death of Edward L.Stockdale Co-Trustee) No.318 of 1970 (Second and Partial Account due to resignation of William G.Stewart (Successor Individual Trustee) No.318 of 1970 (Third and Partial Account due to Walter B.Weimer attaining age forty-five (45)on December 16,1987) Reason for filing the Fourth and Partial Account is that Walter B.Weimer attained age (55)fifty-five years on December 16,1997. All persons having any interest,vested or contingent (inclUding claimants),in the fund now before the Court with the nature of their interests are: Walter B.Weimer in accordance with Paragraph sixth (e)(2)(3) of the Will,is now entitled to receive a (1/4)one-fourth share of the trust due to his attaining age (55)fifty-five years on December 16,1997. All of said parties have received notice as required by the Court Rules. The fund now before the Court is subject to the following taxes: NONE set forth any legal problems requiring adjudication by the Court or difficulties that must be met in distribution: NONE Balance for distribution per account,Principal Income Additional debits not shown in account: Principal -Personalty Capital Asset Received $753,004.48 $9,198.57 6/9/98 Received Due to Reorganization 921.960 shares Avalon Bay Communities Incorporated,Common Stock $23,885.00 Surrendered 1,200 shares Avalon Properties Incorporated,Common Stock 23,885.00 Conversions Into Cash $0.00 .960 share Avalon Bay Communities Incorporated, Common Proceeds 6/9/98 Carrying Value 21 shares Avalon Bay Communities Incorporated, Common Net Proceeds 9/1/98 Carrying Value 2 $34.65 24.30 $679.58 548.03 10.35 131.55 $50,000.00 50,000.00 " Conversions Into Cash (Continued) $50,000 Western Wayne PA School District AMBAC Insured Bond 5.30%dated 2/1/92 due 10/15/2000 Proceeds (Called) 10/15/98 Carrying Value $0.00 $16,644.18 Armada PA Tax Exempt Money Market Fund Redeemed 6/15/98 -10/21/98 Carrying Value $16,644.18 16,644.18 0.00 $141.90 Income -Personalty Abbott Laboratories,Common 600 shares 8/14/98 American Home Products Corporation,Common 4,500 shares 9/1/98 Arden Realty Group Incorporated,Common 600 shares 7/31/98 Atlantic Richfield Company, Common 200 shares 6/15/98 -9/15/98 90.00 967.50 252.00 285.00 Avalonbay Communities Incorporated (formerly Avalon Bay Communities Incorporated),Common 921 shares 7/15/98 900 shares 10/15/98 Bank One Corporation (formerly Bane One Corporation), Common 1,222 shares 6/30/98 -9/30/98 Chevron Corporation,Common 500 shares 6/10/98 -9/10/98 Duke Realty Investments Incorporated, Common 1,600 shares 8/31/98 Electronic Data System Corporation, New Common 200 shares 6/10/98 -9/10/98 3 $470.20 459.00 929.20 928.72 610.00 544.00 60.00 Exxon Corporation,Common 2,200 shares 6/10/98 -9/10/98 Fannie Mae,Common 1,300 shares 8/25/98 First Union Corporation,Common 1,200 shares 6/15/98 -9/15/98 GTE Corporation,Common 500 shares 7/1/98 -10/1/98 H.J.Heinz Company,Common 6,750 shares 7/10/98 -10/9/98 International Flavors &Fragrances Incorporated,Common 1,000 shares 7/10/98 -10/9/98 Johnson &Johnson,Common 300 shares 6/9/98 -9/8/98 Merck &Company Incorporated,Common 1,000 shares 7/1/98 -10/1/98 Norwest Corporation,Common 600 shares 9/1/98 PPG Industries Incorporated,Common 500 shares 6/12/98 -9/11/98 Schering-Plough Corporation,Common 2,000 shares 8/31/98 UST Incorporated,Common 500 shares 6/15/98 -9/15/98 Parkland PA School District MBIA Insured Bond 5.40% dated 3/15/95 due 9/1/2005 $50,000 3/1/98 -9/1/98 Western Wayne PA School District AMBAC Insured Bond 5.30% dated 2/1/92 due 10/15/2000 $50,000 4/15/98 -10/15/98 ArmadaPA Tax Exempt Money Market Fund 6/1/98 -9/30/98 Conversions into Cash $1,804.00 312.00 948.00 470.00 4,438.13 740.00 150.00 990.00 111.00 360.00 440.00 405.00 1,350.00 1,325.00 1,305.60 $9,198.50 Armada PA Tax Exempt Money Market Fund Redeemed 6/2/98 Carrying Value Total additional debits 4 $9,198.50 9,198.50 0.00 $19,957.05 Additional credits not shown in account: Principal -Personalty Internal Revenue Service Federal Fiduciary Taxes for: 1998 (2nd Quarter) 1998 (3rd Quarter) Pennsylvania Department of Revenue PA Fiduciary Taxes for: 1998 (2nd Quarter) 1998 (3rd Quarter) Less Refund for 1997 7/9/98 National City Bank of Pennsylvania Principal Fees 6/19/98 -10/20/98 Loss on Conversions into Cash 200 shares Electronic Data System Corporation,New Common Carrying Value Net Proceeds 9/1/98 Principal Investments 400 shares Arden Realty Group Incorporated,Common at 20 9/10/98 $57,121.37 Armada PA Tax Exempt Money Market Fund 7/10/98 -10/16/98 I Cash disbursed to purchase the above assets $2,400.00 2,400.00 $290.00 290.00 $580.00 133.00 $7,315.00 6,308.79 $8,032.00 57,121.37 $65,153.37 65,153.37 $4,800.00 447.00 3,266.83 1,006.21 0.00 $9,520.04 Income -Personalty National City Bank of Pennsylvania Principal Fees 6/19/98 -10/20/98 $1,400.08 Income Distributions Walter B.Weimer Account Net Income 6/30/98 -9/30/98 Total additional credits Balance for distribution Principal Income Total 22,379.15 $33,299.27 $743,626.34 $5,234.49 $748,860.83 5 If the balance for distribution is not in cash,list items held in kind with carrying value designated,and if this is a distribution account,file elections to take in kind for all items so listed: The balance for distribution as shown in the additional debits and credits to the Fourth and Partial Account is to be awarded in accordance with the proposed Schedule of Distribution attached hereto and marked Exhibit "B". Election to take in kind is attached hereto and marked Exhibit "C". Set forth accountants suggestion as to manner and form of distribution to be made,awards to be stated in proportions unless specific amount or items are designated by instrument under which estate is being distributed: Distribution in accordance with proposed Schedule of Distribution attached hereto and marked Exhibit IIBII. COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF FAYETTE And your petitioner will ever pray,etc. NATIONAL CITY BANK OF PENNSYLVANIA ONE OF THE TRUSTEES Title of Officer The above named Fiduciary or representative thereof,being dUly sworn doth depose and say that the facts set forth in the foregoing petition are true to the best of his knowledge and belief.Sworn to and subscribed before me the ikL day of ])a,em6e?-,195/-i- Signature of Officert3u~I ~~BY -~..-::;;.._.=---_?....;~~----,--~~~""T---- /;SHARON K:WAIJiW TRUST OFFICER Office expires 6 : .. IAsp JiItL Al!D TliS'UMJ!II I,VALtER H.BADa,or LeKo,ne .t.T8ZIUe kteaa101li South strabane t'ovDshiPi Waah1:Dgton CoauVi l'ezmqlYllD1.a,do 1IIUe,publish aDd declare th1a .e aDd tor 11fT t.et 1l1ll "aM r-taent,herebT rnoId.Dg and IIlU:1.ag DUll aDd void &DT aDd all tormer 1dllA &Dd te8tamezrta br".t UT t1M _de. l'1m1-I -cU.r.ct 11fT ~re blrre:1Datt4r DUIed to pq all m:r just debts aDd tlmeral 82pC1.1ea ae ISOOD atter 11fT deo....&IS oozrna1eutlT Dq be done. sgomk Due to the tact that the household goode and turD1ah1ngs and other articles or 11ke Jdnd 00Ilta1ned 1D the domicile .bon JIl8Dt1oned are the propertY'ot 110"dAUibtc',.t.Hlm BlDR VEDma,\Ih1oh were aoqu1red through 1Dher1taDce bolll relativu or bY'g1tt trom her 1IIOthe:r or !rom 1118,• DO dispoeition thereot Ie made herein. lm!Yh-Jrrr aDd all household sood8 and e!'teote aDd other articles ot a atrlctl7 personal use aDd cbaraoter-W1oh D.7 be tOUDclh &D7 other pls.ce in Wich I am temporar1lJ'reeld1q ,t the tt..m.or -r d_thi I gift aDd bequeath unto 'I1lT vit.,WIUU.L.BlUR,and 1D add1t101l thereto &DT autc.;)bU.e or autolllobU..vh10h I ~then po.,.,..e. lOQRm,- I -live audbeqaeath UDto -r IIOD-4.D-lav,DlVID P.VEIMm,JR., the llUIIl ot mr TllJlJSAJiD (l1o,ooo.oo)-ooI.LliiS-as Ul expreee1ou·~tlIT aaeot1oDWlLrJlaH. IlADa tor h1m and.the appz-ec1at1.oD at hie t1llal ClODduct &IS a IIlIIli'mber or rq household,-c:&- &Dd it 1&lIT vieh tblt vith th1a _CU't he parohaee 1101118 a.rt1ole or •etrlotl7 p8rlIOnal.use and.ohareoter. -1- I' i nrnu.I 'd1reot u.t arrr and all ••tAte,bhel'1tanoe,trester, or other tama ot ••1m1lar .tan lowd to be due and pIl18.ble upon &D7 I lepCT,devisa,lite estate,aDd zw-1nder prorlcSed 1A th1a Vill;orupcm a~other form ot propertr _teonw \lh1ah JI1&ht be held to be tuable as a ;>art ot rq estate,aball be pd4 b,y rq EDoutore or bT rq rruatees !rom the principal ot 1IlT e.tAte,10 that 8D;f aDd all beDet1.o1ar1e.UDder the provision.ot thia V1.ll abl11 reoe1"thCr bequest,llte estate,or r8lll41nder :vithout IlD1'd1IIl1nutiODS in UIOUDt.or ftlu.e oooaa1oDed ''q IIa1d taxes and vithout wit1Dg tor the tendDatiOD ot'u;r'-ll1'e"eatate mil vithout IlD1're1JD- burs6lll8nt ot the lite tenante tbere1'or. §.UII!!.'All the rest,residue,aDd Z'IIIIlIl1.Dder ot rq estate,real, personal and m1xed,ot vbataoever Jd.Dd and 1Ibe.re8oever .found,vhich I lIlI!y ovo or to which I DIlly be entitled at the t1IIle ot lIfT death,I give,devise and bequeath unto THE UNION HATIOlUL BAHI OF PITrSBDRGB,a corporation,and EDWARD L.STOCKDALE,ot Mt.Lebmon Towehip,Allegb~County,Pennsylvania, and their suocessors,IN TROST,~,tor the perSOD.'and tor the uses and purposes hereiDatter set forth,to-\d.tl- (s)A ONE-alU (l/2)P!RT or rq res1duar:-estate,which stall include rq property at 5712 North &a7 Road,-H1.ud:Beaohj norida,it then.the same sbl.ll be ovoed by 1118,shall W set apart as a separete trust and the net income there!'ro:n ehall be pd4 in 1lIODthl7 or other COD~8Dt payments unto m;y vife,WIlMA L.BAIER,dur111g bel'l1tet1.me,in addition to such incoine payments,the-Trustees are authorised to-u.ee -at an,.t.1.m8 8m from be to time so much ot the principal ot the corpus ot the trust as in their discretion may be deemed advisable or dee1.rable tor her ma1nUmance,support, comfort and weltare,and I direct the rruateaa to give a liberal construction to the needs for which such principal IlI1gbt be used. - 2 - t.., i,, : (b)J<r Id.d v1te,vmu L.BlUR,ahIlll ban the right to. OOaupJ'the propertT at 3712 Borth BIT _Road;K1aJI1 Bea·~;Florlda,tor so long as abe chooses to ~~,aD4 the GpeDHs ot -uta1n1ng the property in habitable OODlU.t1on,tuBs,pl'StUlU or tire 1DsaraDoe,aDd other ille charges sbill be pd4 lIT the truateea traa the !DOOM reoe1nd.ID the event she should not wish to oontiDue to red4e there1D,the.Trustees,upon the receipt of her written notl08 ot perIII8Jlent remoftl ther8trom,may sell the property to iNch person or perSOlia -tor 8\iOh--pnae aiId upon Such ter1118 aDd conditione as th81 deem satiatactoZ7. (0)Upon the death ot JIl1 said vite,WIIJfA L.BAXm,the the%!. principal theretofore held tor he'use ehall oont.1Due to be held IN TP.11ST b1 11!1 said 'l'rusteea and the net lnoo_theretroJa shall be pe.1d in monthly or other convenient Pll1l1u!I1ts to her son,GARRATT LeVAN,during his lifetime and, upon his death,the principal then reme1n1ng in the trust shall be divided into 8S IIIII.IIY shares as there are issue ot his living at.the t1JDe of his cieath 1100 shall taJce per st1rpes,aDd each such share ellall t~held and administered 8S II.separate tNst estate unto such eurv1ving illBU8 respectively attain the a~e of tventy~ne (2.1)years \/hen the principal shall be ;>aid to them free 11.00 discharged of the trust.Should &Il1 of such iesue of t.!Ie said G:.RRATT LeVAN die before atta1ning the age ot twenty-one (21)years,Leaving issue to survive h1Jn,her or th8lll,the sbsre of lIUoh one or ones 80 d;r1ng shall be divided to aDd among the latter,distribution to be IIIIde 8S t!l81 ::Jevarally 'ltta1n the ale or tventy~ne (2.1),-eare.-Should &n1 ot the survivinE:issue "f the sa1d GARRATT LeVAN die betore attaining the age c.f tventy~no (21) Yllllra vitbout leaving issue to surv1va h1Jn,her or tha,the share-of s'~cia -J - t'- one or ones so dying ahall be divided equa~among the surviving brothers and/or sisters,as the cue -1'be,'OI:'the lslN8 or llJ11'ot them then deceased and shall be added to and beoome a part or the trust estatee held tor them aDd the income.shall be paid and the pr1.ua1pal distributed as II part thereot. (d)'Should lIT said vUe,WILlQ L.B.U!R,predeoellse 1118,then and in that event I give,devise and bequeath ute rrq said Trustees a ONE- FIFnI (1/5)PART of rrq res1duarT estate m TRUST tor the use ot GARRAtt LeVAN, and the incOIII8 eba1l be paid and the prina1pal distributed in the fame manner as above provided tar h1m in Sub-Section (c)or thie paragraph and this provision shall be in lieu thereor. (e)Ths reme1n1ng OHE-HALF (1/2)PART of JSrl residuary estate; and in the event rq Mid vUe should predece&ee me,then a ~UR-.FIFmS (4/5) PART of the net res1dUllI"1'estate;I give,devise and bequeath unto rrq said Trustees to be held by th8lll II TRI1ST as tollovaI (1)An equal ONE-.P'OURTH (1/4)PART thereof shall be beld for rrq daU8hter,ANNE BAIER WKIMm,and the net income there!rom shall be paid unto her in montblT or other convenient PQIII8%1ts during her lifetime. !lJ1d,upon her death,the thea principal,together with any income accrued or accumulated thereon and rll!lM 1n1ng unpaid to her,shall be divided in equal, sbsres to and amng r:rr three grando.h1ldren here1naf'ter namad and shall be added to the trust estate!!heraimrter areated tor them and ·.he income shall .!>..!l paid ~..<!the principal _distributed ~s a part thereof. Due to the fact that lUIIple providon tor rrq said da\.lghter has been made by other relAtives ot hers,including her mother and lIIJ'Belt,it has se8llled to me advisable to lIIlIlce provision tor her herein upon the same bads dS made for JIJ;¥three grandch1ldren. -4- ,.~ •..I' I-.J.. (2)!D equal 0D-l0UR7B (1/4)P.lR7 ahIll1 be held in trust tor rrq gra.DddaughtC',AKI .lIiI.vmma,aDd equal OJiE.-lQUR'l'JI (1/4)PART tor rrq .I granddaughter,JULU V.1BIKJ!2l,&D4 aD equal()D...lOURtH (1/4)PARt tor rrq grandson,VALTER B.vmma,aDd dur1nc tbe1r respeot1T8 muorltiee &II IIIlch ot the net inoome &II the fra.stMlIin their c!1aaret1.On ~&tem 118Oe88U7 -1'be used tor their IIIA1AteDaDoe,IIUppOZ"t aDd .00tion.'~lNOh II1DoritT &DT "invested b1 the Truateea until thq eblll ban reepeoti1l81T attained their IlI4joritT,at \Ib1ch t1.me.the cUre net 1.Doclme ahIll1 be pa1dunto them• .().As am!wbeD each ot the ea1d grandch1ldren sball bave attained the age ot tortT-tlve (45),..ra,the trwstees IIblll distribute to him or her a ONE-lOUR'l'JI (1/,)PARt.ot the principal of their rellp8ot1ve ahare and a further ONE-l'OOR1'H (1/~)P!RT thereot u and vheD theT shall bave respectively attaiDed the age ot tU'tT-tive (S5)')'8lIr8•.'11lereatter the inCOllloll on the remaining portion ot their princ1pU ebare ehall be paid to them tor life. (4)Upon the death of au,r of lIT lIftid gnmdohUdren,than portion of hie'or her principal abare thc1 r....o1n1ng in t.1'uat,together vith any income accrued or aoCUlllUlated and r ....,n'ng undistributed,shall be divided per et1rpea into as lIWUIT Sha~1I ..there are 1s11'G8 him or her sur- viv1ng and each share aba1l be held and adlll1n1etered as •separate trust UIltll the surv1v1.n6 iewe .ttain the age 01 tventT-one (21)years respective1T lIl18D the principal ebl1rbe d1etr1&1ted to the.·-Sboald aa;y of such eurv1v1ng issue die before baving .tta1.Ded the age ot twnV-Goe (21)years,the share of web one or onea eblll 10 pC'stirpes to inarease the ehare8 of the other 1IUrv1v1ng 1esua theo living,aDd lIO on traa t1ae to t1me as ottem as a death occurs. -5 - ..,. 'I, I I : (5)Sbaald e:q ot 111;1 ea1d grandchildren die witbout leaving issue to eurrlve h1II or her or,it l_T1Dg 1esue to survive,all ot lNab sbould die Wore attdD1Dg tbI'age ot tv.mt~(21))"8&1'8,the undistributed pr1nc1pal ot CIlIch ODe or ODes shall be dinded ~to and 8JllODg the ~t estates ot tbI other tuo grandab1ldren and the issue per stirpes ot either ot the the deoee.sed imd ehall be bold,adm1n1stered,and distributed in aooordaDoe with the provia1oDa bere1nbetore IIIlde tor them. (f)'It at an;r time or times aDd trom t.1JDe to time the l'ru3tees .in their sole discretion dec it nece8&ar7 or advisable to use any part or parts of the principal sbarea here1n provided tor rq vUe,r:J:1"daughter,and for rrJ¥three graDdcb1ldren for their mainteDanoe,lIUppOrl,education,coDfort and vel!are,the Truateee are herewith authorhed 110 to do and the;y shall give a liberal construction to th18 direction 1DaSlllUOh as their comfort and welfare are of pr1.tzar;y conside1'lltion to me.'The income,and principal if found to be neolded,of the ahare or abarea ot an;r lII1J:lor beneficiaries taking hereunder ma;y be expended during their 1Ii1nor1t7 b;y the Tzuetees in their discretion for the pw-poll':'&above enumerated,or u:r be paid unto tbe parcmt cr piU"lmts having the CIU~ot IJUah ODe or ones and vithollt the intervention ot 11 guardian or reterence to the Orphana'Court having jurisdiction. (g)'Daring the oont!puanoe ot the trusts herein created,the principal lNIlI or INIIIS ot the trwIt tlulds aDd the income thereot shall not be INbJect to or liable tor aJI7 oontraote,debts,enpgements,llab1llties or torts of the benef'101arlee reepeotinl,y lIOII or hereafter _de-,contracted, incurred or collllll1tted,but sball be abeolutel;y tree ~too ~e..:.:Id the benetio1aries respeotiYely ebll1l have DO pover to sell,&8sign or encumber all or any part of the ?r1ncipal 8UIIl or BUIII8 of the ~t 1'Imds or their interests therein respectively or the inOOlll8 thereof,or to antioipate said income. _.·_------_._._.--_._-._----.--_..-_..-"---'---._--_.-----_._-----._------.-.._- -6- ,.~ .... I'I , I I " Slmmh-I DOII1Da~,ooaaUtate aDd appoint maRD L.STOClDlLE,ot Ht.Le1:aDan TOWDBh1p,~Coa:lVi Pcmqlw.D1a,&lid mE maOIlIlATIONA.L BANK or PlrTSBtJRGR,a oorporat1ozl,aDd tha.1r 1Il100N8On,to be the £mouton of this 1ft1'IA.st VUl 'aDd Testaat aDd to be the trustees bllreuDdar,and I give to 1ft1'EDtcutors 111 the MttJ.-.zat ot -r ..tate.cd to 1ft1'Truateu atter 1ft1'estate has been lIettled,the tol.lov1De pawn uq or all ot vh1ch Dl7 be. exercised &8 Executors or &8 %l'uateee it tOUDd to be ne08l1l1&l7 or adv1sablel- (1)To take Oftr cd retain UIlooDftr'ted 80 long as they JIiAy see tit each IIlld nery item ot re&1 aDd pereoDal propert,.or vh10h I _,.be possessed without llab1l1t,.tor ~a1ation111 the ftlue thereot,and in their disaretion to aell or othend.ee dispose ot all or W27 or the same,or 8D7 securities or propert;y into which the,.JIJA7 be oouverted as hereinafter provided at puhllo or pri'ftte aales to such peraon or pereons tor such price or prices and upon suoh t«l"IIIII and oond1tions &8 tbe7 shall deem proper.In case or an;r sale or other diapoaition,or &n7 liquidation of llI17 securities or propert,.at &n7 t1JDe held hereunder,the truneee aball trom t1me to t1Jlle invest and reinvest the prooeeda in suoh stocks,bonds,IIOtes,IIIOrtgages or other secur1ties as'the,.shall de.to be aaEe aDd vise invest:Aents,and the7 lIMll DOt be confined DOr l'8IItrioted to such investments as have been IIIlde legal tor tiduoiariea UDder the law or the ~lthot Pennsy'lvania• .For the guidance ot 1ft1'trueteu in the IIlan&g8ll8Dt ot this trust estate,I hereV1.th express the 4eaire--tbat notmore than a ONE-J-rFm (1/S)- PART ot 1ft1'interest in the UHIVllRSAL-CICLOPS srm..OORPORIl.TION as represented b7 the COIIIIIOD capital stock held harelmder be sold 8Ole17 tor the purpose ot divereification ot·1.nveabDente..la and when it III1gbt seem advisable,desirable -7- '. ,. .i " I ! II I! t I " or neoee8&17 to rq ~st.M to .all aDT put 01'all or the ~z FOtm- FIn'BS (415)PAR1'of the 00-=qlP1t&l .teak of the lIa14 1JD1verAl-C1Olops Steel CorpontioD,1t 1s JtlT ~d.re tbat lItlah proposed aale or Ales eball first be dis0U8sed with Jq wite,VIUU.L.1lADR,1t IShe IIU1"f1ves 11I8,llDd 11th rq da\liht6r,AHliE BADB WIIKER,aM their vr1tteD OOUeDt thereto obta1Ded.' The,tnJateea are cutharbed aDd tIIIpOIIel'ed ;at aDT t1me or trom t1me to time iD their 801e disaret10D tor lLD7 purpose to borrov IIIODq llDd tor that purpose to pledge or IIIOrtgage &n7 of the assets or properl7 them COD3t1tut1Dg the f'und and to eXecute and del1Ter'Ui:i-'iuid'ill DOtes,bo~~ obligat.10DS,IIlOrtgages,ABs1gD11l8Dte,aDd other 1DatruDeZ1te aDd to perform all acts necessary,proper or OODVClieDt iD ooDD8Ct1OD tt.arevith,&D.7 and all _ such baDS,pledges &J:Id martppe to be 1IB4e in tbt sale dieoretioD of rq Trusteee aDd tor such SIIlOUDts and upoD such terma as they ehall de8lll proper. (2)No purchaser ot a~securit1es orpropertT at any til&Ie sold or otharv1se disposed ot by rq 1'rwJteea ehIlll be tmder a:rq r&spoDS1b1l1ty or liability to see to the app11catioD ot ~inOOllle or principal diatr1buted by them to t1IJ3 per80D ctitled to reoe1va the II&IlI8 UDder the prov1s10l1B of this Vill.In OOImect1OD vith the Ale or traDater of t1IJ3 seaur1ties of property lIIlI.de under the provia1oDa hereot,rq ~te8.!!are hereby autborbed to eXlloute and deliver all IItlch Jnooable aDd 1rreToc.ble povve or attornq, bills ot 1I&1e,aas1gmuDta,d~,oonv.,anoe.aDd wah other 1Datrumente as may be neoeslllll7 or proper in asldng suoh sale or tramsters.the oertU'1oatee tor all shares ot stock aDd the title to all real estate ~ch trom t1me to time fJJIJY be held by the Tnlsteea hereuDder IIIa7 be tran.sferred or record iDto the DlUlle8 of rq Trusteee as tnlatees hereunder,or IlIll7 be trmarerred 1Dto the - 8 - ".. I ' .~rIi !. " /. ·. .' DaIIIe of the DOllI1Dee of ta oarpor.te tiduc1.arr authorised br ita Board or D1reotors to aot in IIUOh oapaG1t;T.'!'be '90t1Dc paver '.1p01l all shares or stocle or other lleourit.1.ee at arq t1M hal4 bT 117 Truateell h8l'8Ul1der ehallOO 8XItOUted bT 117 r:rusteee 1D pco8ou or bT proq.It rq Trustees ehall at IUQ" time hold or purchue baDda at a price 1Jl aoeaa or par,tbq ehall DOt be required,exoept at tba1r opt.1oD,to ~..tblt part or the parobase price in emee.or par,lut all1DteNet zoeoe1nd OD N14 bDDda ~be treated aDd paid out &II lDoome,or at the opt.1on or rq 'fru8teee 8:31'lDoome in their blJIds lIlIly be used at the time or parch..e to aPPo1T ap1Det that part ot the cost or said banda vb1ch is 1Jl exoeaa or par. (3)'The tru.8teea shall han power to IIOld and JIIUlag8 lU21'such real estate,make repairs aDd 1JIIpro1"8lllellta and -.ke leases thereot to INoh - tenants tor INch period aDd upon euch terms u rq 'lruateea in their discretion my detenn1ne,'and DO lea88 bT 1trf Truateee tor a term Dt tive :fM1'll or less shall be terminated bT reaecm ot the term1Dation or tb9 trust before the exp1rlltion or the term or the lease,but,in spite ot tho tendMtion or the trust,INch 18&se shall reaain 1Jl tull toros aDd .rrec;during the term thereot.J.b"Troatees sball have power to reoe1n and collect rente,interest and other income or said real estate or other tnutt prcpert;r,U81ng such legal prooeedings as they ~de8111 neoesear;y tor the PIJl"POse,and they shall, have paver at an;y time to sell,oonve;r &ZId tnDater an,y or all real estate and other property which thq ~bold as r:rusteea,00I:l7e71Dg and tranaterr1Jlg the -by deed or other 1Detrument in \IrltiDg.in such tOI'll and with BUcJ:__ covenants as 117 Truateea lilly deem best,without the couent at an,y court and without liab1l1ty on the part or aD7 parohaeer to see te.the application or the purchase money. I . ; i JI f I 1 1 II : The frueteea are autbor1Hd and earpowred to enter iDto,consent to or oppose aD,Y corporate reorp.D1ations,lII81'ge:ra,consolidations,dissolutions o &Zld liquidations ot &D7 oorporations vila..etoe*e or other 1IeCUr1t1811 shall at arrr t1JIle be held b7 the a.put ot the tnJat UDder tbs provia1ons hereof, aDd to Jake,consent ~or oppose other a4juabDeDta ot &Zld ohIulgee iD the capital tunds or pl"CIpel'tyo oonstitut1.ag the tnJat property,the)"IIl87 exercise arrr and all rights ot aubecriptioo vith r.apeot to &Jl1'.tocks,bonds or other :Je<m'!ties iDoluded iD the tnJat. (4)1"be ~1.11 uk1ng &D7 dUtribut10n of priDc1pa1 of the trust t'und IIIIl7 lIIllke the 11414 dUtrib1t1on in IIIODeT or in ld.nd or partly in IIIOney aDd part.1T 1.11 Jdnd. gQH'1'H'In the ennt the aid EDWlRD L.STOCKDALE should predecease me or,lNrViving 1IIe,be UDahle to quall.fy &8 Co-Emcutor and Co-TNstee hereunder due to lllneas,aocident or 1.I1011.pllc1ty to act tor 8IJ:r reeson vbatever,or,bav1lli qual.1f1ed,be unable:to perton!the duties herev1th imposed,then and in that eTtII1t 'I1t1 II41d vir.,\lIW L.BAIER,if she survivea lIl8,and 'I1t1 said dauebter,!RHI IllDR WEIKER.,shall hu'e the right to DlU:e such individual u hie IIUOCellaor &II IIl87 be suitable to the corporate tiduc14rT herein named or ita II'UOOGIIlIOr in ottioe.In the event 'I1t1 said daughter should predeOll8se rrrr add Idle or upon the deeth ot 'I1t1 sa1d duaghter if she is the survivor of them,then a majority in interest ot her issue vho are then sui Juris 1lIl1'at arrr time or trom time to time upon t1~ their request or election in vntingcMnge either or-both the individual and the corporate trustee thea in office.In the event of failure of the beneficiaries to DOIll1nata a lNooeasor individual tnlBtee in accordanoe vitJ1 the above provisiona,then the corporate trustee or ita successor shall act as though sole11'named harllUDder.A:o:r successor corporate trustee named -10- .'.. ··1'.. : .... hereunder shall be a truat ClCIIIpq or a _t.1ODal baDk authorised to do truat buaineas,vbetber locat«1 in PeaDqlftW or elsewbere,aDd shall have a capital of not less tbu tl,ooo,ooa.oo aDd a eurplaa ot DOt leas than $500,000.00.In ~e ~t ~t arq.ohaDp .ot .~~or ~.1s ~d8 at llZI1'time hsre1n provided,the rruatHa Wo••nniOH an 41aOOIlt1.mled sbllll ettectuall;y transter or dtiinr onr to tbe1r 8I1ooe1ltOr or IUOONltOra all the propert1'held in the trust estate aDd llball ru.an aooouDt.1Dc or the ad- ministration of the trust 111 a 00U1"1;ot appropr1ate jurisdiction. 1IDID!!.No bond or other seclF1t7 llhall be required of the individual I1IlIIIed as Emcutor and as '1'nJ.atee hennmdsr DOr arq IlUC08SllOr to him selected in accordanoe with the above provialOIlB,aDd the Trustees,both 1Dd1vidual and oorporate,or ~subetituted Tnlatee or 'rrwIteea,shall have the right to resign upon giving n1.net7 (90)cS87B 1 written DOUoe of such intention to all the benefiaiaries tcld.nc UZI1er the provis1ona ot this W1ll wbetber minore ~All the torqoillg provia1cma with respect to the Trustees shall apply whether ooe or lIlO1"e truatee 1Ih&ll be acting,regardless of vhother the ~ge berein conta1ne<LebIl1.L~Jppropr1ate.to a trustee s1~r in DUIIIber or trustees plural in 1NIIIber,aDd ill such provisi0D8 shall 1.mlre to the bene.fit not only ot the Tnlstees bere1Il DIIJIled,blt a.l.ao to al1 successors in said office. IN WITNESS wmE!Dl",I,VALTm H.BADa,have to this my Last 'oIill A.D.,194,~6 ___ Signed,sealed,published and deolared b7 the above named teststor, -ll- '.," WALTER H.BAIER,as and tor fd..tan'V1ll and Testament,in the presence or us, \lbo,at his request,in his prHtDOe ,ard 1n the preeenoe or -.ch other,have berwDto llUhacr1bed our lIIIMtI"u vltMaeee thereto. 'VALml I.BAIER BdAnYiU,.Po ' QR!.OJ P.WIR'\'Z Addres.~753 Wlsb1pgtgp Aye. Brldmillt·.PI. ZLYIRAP.C!STELLI Addreae I ill Bonk st;eet Brldgvy111e,fa, .. L.~._ I i,, j I -12 - ,.". --------..'- .....-._~.-,-.-'-~ WALTER H.BAKER,DECEASED TRUST FOR WALTER B.WEIMER PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON THE CLOSINGPRICES AS OF OCTOBER 29,1998 Remaining In Trust For Walter B.Weimer Walter B.Weimer 1/4 Share 3/4 Share Account Closing Account Closing Account Closing Shares Stocks Value Prices Shares Value Prices Shares Value Prices 600 Abbott Laboratories,Common $17,985.00 $28,312.80 150 $4,496.25 $7,078.20 450 $13,488.75 $21,234.60 4,500 American Home Products Corporation,Common 35,710.00 222,471.00 1,125 8,927.50 55,617.75 3,375 26,782.50 166,853.25 1,000 Arden Realty Group Incorporated, Common 24,880.00 21,125.00 250 6,220.00 5,281.25 750 18,660.00 15,843.75 200 Atlantic Richfield Company, Common 10,205.00 13,650.00 50 2,551.25 3,412.50 150 7,653.75 10,237.50 900 Avalonbay Communities Incorporated,Common 23,312.67 28,575.00 225 5,828.17 7,143.75 675 17,484.50 21,431.25 1,222 Bank One Corporation,Common 32,880.42 59,343.98 305 8,206.65 14,811.71 917 24,673.77 44,532.27 500 Chevron Corporation,Common 24,025.00 39,937.50 125 6,006.25 9,984.37 .375 18,018.75 29,953.13 1,600 Duke Realty Investments Incorporated,Common 32,838.00 37,800.00 400 8,209.50 9,450.00 1,200 24,628.50 28,350.00 . 2,200 Exxon Corporation,Common 15,585.25 159,913.60 550 3,896.31 39,978.40 1,650 11,688.94 119,935.20 1,300 Farmie Mae,Common 25,244.38 89,781.90 325 6,311.10 22,445.47 975 18,933.28 67,336.43 r:Cl 1,200 First Union Corpoflltion,Common 28,830.00 69,600.00 300 7,207.50 17,400.00 900 21,622.50 52,200.00 E-l 500 GTE Corporation,Common 16,275.00 29,000.00 125 4,068.75 7,250.00 375 12,206.25 21,750.00 H r:Cl 6,750 H.J.Heinz Company,Common 20,623.45 393,187.50 1,687 5,154.33 98,267.75 5,063 15,469.12 294,919.75 H::c 1,000 International Flavors &Fragrances :x: Incorporated,Common 44,205.00 37,125.00 250 11,051.25 9,281.25 750 33,153.75 27,843.75 ~ 300 Johnson &Johnson,Common 16,822.50 24,712.50 75 4,205.62 6,178.13 225 12,616.88 18,534.37 1,000 Merck &Company,Incorporated, Common 31,793.75 135.938.00 250 7,948.44 33,984.50 750 23,845.31 101,953.50 600 Norwest Corporation,Common 15,810.00 22,162.80 150 3,952.50 5,540.70 450 11,857.50 16,622.10 500 PPG Industries Incorporated,Common 17,418.75 27,656.50 125 4.354.69 6,914.13 375 13,064.06 20,742.37 2,000 Schering-Plough Corporation,Common 29,837.50 207,876.00 500 7,459.37 51,969.00 1,500 22,378.13 155,907.00 500 UST Incorporated,Common 15,290.00 16,937.50 125 3,822.50 4,234.37 375 11,467.50 12,703.13 .~., WALTER H.BAKER,DECEASED TRUST FORWALTER B.WEIMER PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON THE CLOSING PRICES AS OF OCTOBER 29,1998 Par Value Bonds Account Value Closing Prices Par Value WalterB.Weimer 1/4 Share Account Value Closing Prices Par Value Remaining In Trust For Walter B.Weimer 3/4 Share Account Value Closing Prices $50,000 Allegheny County,Pennsylvania Hospital Development Authority Revenue Health Center University ofPittsburgh Med MBIA Insured 4.40%dated 12/1/95 due 121112001 $49,869.00 $51,152.00 $50,000 $49,869.00 $51,152.00 50,000 Parkland PA School District MBIA Insured 5.40010 dated 3/15/95 due 9/1/2005 Temponuy Investment 50,000.00 $579,440.67 51.373.50 $1,767,632.08 $119,877.93 $416,223.23 50,000 50,000.00 $459,562.74 51.373.50 $1,351,408.85 Armada PA Tax Exempt Money Market Fund (Treat as Cash)164,185.67 164,185.67 $74362634 $1 931 81775 -2- 66,731.21 $18660914 66,731.21 $48295444 97.454.46 97.454.46 $55701720 $144886331 .~ .IN THE COURT OF COMMON PLEAS OF WASEINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION RE:ESTATE OF: WALTER H.BARER,DECEASED TRUST UNDER WILL FOR WALTER B.WEIMER •••••••• NO.63-70-318 ELECTION TO TARE IN RIND I,WALTER B.WEIMER,do hereby elect and agree to "Take In Rind" from NATIONAL CITY BANK OF PENNSYLVANIA,SUCCESSOR TO INTEGRA TRUST COMPANY,NATIONAL ASSOCIATION,INTEGRA NATIONAL 3ANK/PITTSBURGH AND THE UNION NATIONAL BANK OF PITTSBURGH,SURVIVING TRUSTEE,the following: 11,051.25 4,205.62 7,948.44 3,952.50 4,354.69 7,459.37 3,822.50 $119,877.93 Stocks 150 shares Abbott Laboratories,Common 1,125 shares American Home Products Corporation, Common 250 shares Arden Realty Group Incorporated, Common 50 shares Atlantic Richfield Company,Common 225 shares Avalonbay Communities Incorporated, Common 305 shares Bank One Corporation,Common 125 shares Chevron Corporation,Common 400 shares Duke Realty Investments Incorporated, Common 550 shares Exxon corporation,COmDon 325 shares Fannie Mae,Common 300 shares First Union Corporation,Common 125 shares GTE Corporation,Common 1,687 shares H.J.Heinz Company,Common 250 shares International Flavors &Fragrances Incorporated,Common 75 shares Johnson &Johnson,Common 250 shares Merck &Company Incorporated,CODmon 150 shares Norwest Corporation,Common 125 shares PPG Industries Incorporated,Common 500 shares Schering-Plough Corporation,Common 125 shares UST Incorporated,Common Account Value $4,496.25 8,927.50 6,220.00 2,551.25 5,828.17 8,206.65 6,006.25 8,209.50 3,896.31 6,311.10 7,207.50 4,068.75 5,154.33 IN WITNESS WHEREOF,I have hereunto set my hand and seal this ______~day of 1998. _________________________________,SEAL) WALTER B.WEIl!lER WITNESS: EXHmIT"C' " .~:__J _1 • ~li t4e <!tnmt nf <!tnmmnn 'leas of lius4iugtnu Qrnuuty ®rp~aus ~<trourt 1lliuislnu In the matter of the Audit of Account in J Estate of WAL.TER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B. WEIMER TO THE AUDITING JUDGE: No.__3_l_8_o_f_l_9_7_0 _ Enter m--=y=------'appearance for William G.Stewart,Successor Individual Trustee and The Union National Bank of Pittsburgh,Surviving Trustee under the Will in the matter of the Second and Partial Account ·~~C~'19~ N.B.-Counsel shall,by separate paper,present a concise statement of each claim,with supporting calculation of any interest claimed.Objections to an .account a:s filed,shall be concisely stated in a separate pa·per. CounCIl suggestmg proper distribution shall file a separate concise state- ment in that regard. No.318 of 1970 I In re Audit of Account in EstllJte of Walter H.Baker,Deceased Trust under will for Walter J 'D fAT,...,.;TT\~""" AUDIT 'rtt~tip~fnr i\pP~ttrttUt~ FOR William G.Stewart,Successor Individual Trustee and The Union National Bank of Pitts- burgh,Surviving Trustee under the Will in the Matter o'f the Second and Partial Account James W.Ummer,Esquire Attorney ~2 BUCHANAN,.INGERSOLL ,RODEWALD, KYLE &BUERGER 57th Floor -600 Grant Street pittsburgh,Pennsylvania 15219 ~.-._. } <~,. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY, PENNSYLVANIA ORPHANS'COURT DIVISION ./ " ~ is' .>,r ~..~~ ~1 .I ~ "',l I' I T _,,"r._. '':\1"! ,/j.\ ., ",,' ... /' "':' IN RE: ESTATE OF WALTER H.BAKER, Deceased SECOND AND PARTIAL ACCOUNT OF WILLIAM G.STEWART, Successor Individual Trustee,and THE UNION NATIONAL BANK OF PITTSBURGI Surviving Trustee,under the Will for WALTER B. nI~R No.318 of 1970 PETITION SUR AUDIT James W.Ummer,Esquire BUCHANAN,INGERSOLL,RODEWALD,KYLE &BUERGER 57th FLOOR -600 GRANT STREET PITTSBURGH,PA.15219 TELEPHONE 1562·6600 .. \ r'- If :. IN THE COURT OF COMMON PLEAS 6F WASHINGTON COUNTY f,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE: ESTATE OF WALTER H.BAKER, Deceased } } ,} } } SECOND AND PARTIAL ACCOUNT } OF WILLIAM G.STEWART,} Successor Individual Trustee,} and THE UNION NATIONAL BANK } OF PITTSBURGH,Surviving } Trustee,under the Will for } WALTER B.WEIMER } } No.318 of 1970 PETITION SUR'AUDIT To the Honorable,the Judge of Said Court: The petition of William G.Stewart and The Union Nationa Bank of Pittsburgh,trustees under the will of Walter Baker,for Volal ter B.Weimer,respectfully represents: 1.Walter H.Baker died June 26,1947,leaving a last will dated August 26,1946.The said will was duly probated and is of record in the Office of the Register of Wills of Washington County in Will Book Volume 701.page 561.A true and correct copy of the said will is attached hereto as a part hereof and marked Exhibit A. 2.Pursuant to Article Seventh of said will,Edward L.Stockdale and The Union National Bank of Pittsburgh were granted letters testamenta~y for the estate of the said Walter H. Baker.The First and Final Account of the said executors was filed at No.90 of 1950,and a decree of distribution was entered thereon awarding to Edward L.Stockdale and The Union National ank of Pittsburgh,as trustees,one-fourth of one-half of the esidue of the estate of Walter H.Baker,to be administered for the benefit of Walter B.Weimer. 3.Article Sixth of the said will provides,in part, :. ,. as follows:. (e)The remaining ONE-HALF (1/2)PART of my residuary estate,'and in the event my said wife should predecease me,then a FOUR-FIFTHS (4/5)PART of the net residuary estate,·I give, devise and bequeath unto my said Trustees to be held by them IN TRUST'as follows: * * * (2)An equal ONE-FOURTH (1/4)PART shall be held in trust for my granddaughter, AMY ANNE WEIMER,and equal ONE-FOURTH (1/4) PART for my granddaughter,JULIA V.WEIMER, and an equal ONE-FOURTH (1/4)PART for my grandson,WALTER B.WEIMER,and during their .respective minorities as much of the net income as the Trustees in their discretion may deem necessary may be used for their main- tenance,support and education.During such minority any excess income over and above their reasonable needs may be accumulated and invested by the Trustees until they shall have respectively attained their majority,at which time the entire net income .shall be paid unto them. (3)As and when each of the said grandchildren shall have attained the age of .forty.-five (45)years,the Trustees shall dist- ribute to him or her a ONE-FOURTH (1/4).PART of the principal of their respective share and a further ONE-FOURTH (1/4)PART thereof as and when they shall have respectively attained the age of fifty-five (55)years.Thereafter the income on the remaining portion of their principal share shall be paid to them for life. 4.Wilma L.Baker,spouse of Walter H.Bake~survived him. 5.Edward L.Stockdale,individual trustee under the said will,died November 5,1969,and a First and Partial Account was filed at No.318 of 1970.By a decree of distribution dated September 8,1970,the subject trust fund was awarded to William G.Stewart,as successor individual trustee,and The Union Nationa Bank of Pittsburgh,as surviving trustee,for further administraticn and accounting. 6.William G.Stewart,successor individual trustee,has submitted a request for discharge from all duties as individual trustee;said request is attached hereto as Exhibit liB". -2- ,..',( 7.The purposes of this account are to account for all transactions by the trustees from September 8,1970,to January 19,1976,to discharge William G.Stewart from his duties of individual trustee and to appoint a successor individual trustee. 8.Article Eighth of the will of Walter Baker provides, in part,with respect to.the appointment of successor trustees, as follows: "In the event the said EDWARD L.STOCKDALE should predecease me or,surviving me,be unable to qualify as CO-Executor and Co-Trustee here- under due to illness,accident or incapacity to act for any reason whatever,or,having qualified, be unable to perform the duties herewith imposed, then and in that event my said wife,WILMA L. BAKER,if she survives me,and my said daughter, ANNE BAKER WEIMER,shall have the right to name such individual as his successor 'as may be suit- able to the corporate fiduciary herein named or its successor in office.In the event my said daughter should predecease my said wife or upon the death of my said daughter if she is the survivor of them,then a majority in interest of her issue who are then sui juris may at any time or from time to time upon filing their request or election in writing change either or both the individual and the corporate trustee then in office.In the event of failure of the beneficiaries to nominate a successor individual trustee in accordance with the above provisions, then the corporate trustee or its successor shall act as though solely named hereunder.11 9.The following are the current issue of Anne Baker Weimer who are sui juris: Walter B.Weimer Amy Anne Ritter Joseph Duncan Kniseley D.Michael Ritter W.Jeffrey Ritter Susan Duncan Ritter 10.The Union National Bank of Pittsburgh has written to each of the sui juris issue of Anne Baker Weimer informing them of the resignation of William G.Stewart as individual trustee of the subject trust and r~questing their nominations for a successor -3- :. individual trustee. 11.Attached hereto as Exhibits C-l through C-3 are the nominations of Walter B.Weimer,Amy Anne Ritter and Joseph Duncan 'Kniseley nominati~g Joseph Duncan Kniseley as successor individual trustee. 12.Attached hereto as Exhibit "0"is the acceptance of Joseph Duncan Kniseley to serve as successor individual trustee of the subject trust. 13.None of the parties in interest is in the military service. "14.All pkrties known'to the petitioner to have an interest in the trust estate have had written notice of the filing of the,account and of its'call for audit•.' 15.There are no creditors of the trust estate and no questions for adjudication. 16.The aforementioned Walter B.Weimer is sui juris. The remaindermen of the said trust under the Will of Walter H. Baker of which Walter B.Weimer is life income beneficiary are unascertained but their interests are similar to and not adverse to those of said income beneficiary. WHEREFORE,your petitioners pray your Honorable Court to confirm the account as filed and award the balance for distributio in accordance with Article Sixth (e)of the will of Walter H. Baker to Joseph Duncan Kniseley,as successor individual trustee, and The Union National Bank of Pittsburgh,as surviving trustee, for further administration and acco~::1z~ William G.Stewart THE UNION NATIONAL BANK OF PGH. ., --.__......,--- ','r ::',:,:.':~';:~,',:;:" "...:;:~.: .......,' '.,.':.,';.,T .':', .\:,,.;>'L' ".' .,. ,."::,'. ... :.'. '., , , ""::. ;\.I't .;'.","..,. '. ...~,/ j \1 h.". I,\-1ALTER Ho BAKERB af LaMoyne Avenue ErlEms1an,South Strabane Township;l~aBhington Countyjr Pennaylvanie p do makao publish and declare this aa and tor my Last Will 'and ,Testament,herabi revo.Jd.ng mld lOOk-hig null and void any tmd all former wills'and'tast.aments·by me at S1JY t.1m9 made • .FIR§!!'I 'direct my .Exe~tora J:mxoe.imtf'ter named to pay all my just debts and !\maral expansas~s aoon after :Yf3deoaase aa conveniently may be .:'";1~.,.';'"•I- dona...... SECONDs;Due to the fact that the household goods andfurnishings and other.articles of like kind contained in the:domioile above mentioned through inheritance from relatives or by.girt from her mother or from me~ ".\ personal use and cbaraotero I : Exhibit A ".t \', "j '••; "..", I•.I .:.'1,. '..:r .: "/.I: ,.-.1,:'" FIFTI!~'I 'direot that Qny and ill sstste,inheritaDoa~transfer" or other taxes of a similar natlL.""e found to be due and payn.b1~upon any legacy",deviss,life estate!)and remainder provided in this lUll,l or upon .. any other form of property uhrltsoevar ubioh might be hald to be taxable as a part of my estate'"shall be paid by my,mcutors or,by rq Trustees from the principal of my astatap 80 that G:IJ.Y anA all benefioiaries under the pl~ov1sions of this Will shall receive their be,quest,life 8sUltSjl or remainder without any d1m1nutiona in amount or value occasioned by said taxes and withotit witing for the termination of SIJ3 life estate and without any reim- bursement of the life tenants therefor<> ,§I.XTH:·All the rest~residuel'and remainder of ~estate"real$' personal and mixed"of whatsoever kind and 'W'heresoever found,vhich I may ow or to'vhich I may be entitled at the time of my death;I give,devise and bequeath unto THE UNION NATIONAL BA.NK OF PITTSBURGH ,l a corporation"and EDWARD L.STOCKDALE ~of Mt~Le'OOnon Towshipi Allegheny County"PennsylvaniaII and their successors,IN TRUST lI HOWEVER,for ths persona and for the uses and purposes hereinafter set forthg to-wit:- .(a)A ONE-HALF (1/2)PART of my residuary eatste,which shall include my property at 5712 North Bay Road""Miami Beachp Florida,if ,then the same shall be owed by me p shall be set apart as a separate trust and the net income therefrom shall be paid in monthly or other convenient payments unto my 'dfe,vlILMA Lo BAKER,during bar lifetime;in ,addition to such income payments,the Trustees are authorized to use at any time and from fune to time so much of the principal of the corpus of the,trust as in their discretion may be deemed advisable or desirable for her maintenances support, c,omfort and welfare,and I direct the Trustees to gi.ve a liberal construction to the needs for Wich such principal might be US~o - 2 - ,- -~.,:.'..,.. i \. (b)¥.y ·said w.1f'e,.!m.MA ~o BAKER,shl:lll have the right to oocupy the property at 3712 North &1 Road p Miami Beaohi·Florida,for 80 long aa ahe ohooses to rems1n thareing and the expenses of maintaining the property in habitable condition,taxes,premiums of fire insurance,and other like charges shall be paid by the Trustees from the income receivedo·In the event she should not wish to continue to reaide tharein~the Trustees,upon the receipt of her m tten notice of permanent removal therefromll may sell the properly to auch person or persons for such pr1c~and upon such terms and conditions as they deem satisfactoryo ,(0)'Upon the death of my said tdfep WILMA Lo BAKER,the then principal theretofore hl:)ld for har use shall continue to be hald IN TRUST by my said Trustees and the net income therefrom ·ahall be paid in monthly or other convenient payments to her son,GA.RRATT LeVAN,during his lifetime and, upon his death,the principal then remaining in the trust shall be divided into as many shares €I.S there are issue of his living at the time of his aeath who shall take per stirpes,and eaoh suoh share shall be held and administered as a.separate trust estate unto such surviving issue respectively attain the age of twenty-one (21)years when the principal shall be.paid to them free and dischar.ged of the trusto·Should any of suc::J,'issue of the said GARRATT LeVAN die ·before attaining the age ot t1:.renty-one ~21)years,leaving issue to survive hilIl,her or them,the ahara of such one or ones BO·dying shrill be div:l.ded to and among the latter,distribution to be made as they 3everaily attain the age of twenty-one (21)years.'Should any of the surViving issue of the said GARRATT LaVAN die ·before attaining the age of twenty-ono (21) years without leaving issue to eurviva him,her or them,the share of such -:3 - .' one or ones so.dying shall be divided equally .among the surviving brothers .and/or sisters,as the ease maY'be,or the issue of 8ny of them than deceased and shall be added to'and become a:part ~r the trust estates held for them and the income shall be paid and the principal .distributed as a part "lilirn:eof0 . .(d)''Should JI11 said \dfell W:W~L..BAKER,predecease me ll then and in that event I give,devise and bequeath unto nry said Trustees a ONE- FIFTH (1/5)PART of lD3 residuary estate IN TRUST for'the use of GARRATT LeVAN, and the income shall be paid and the principal distributed in the same IlL9.IlIler as above provided for him in Sub-Section (c)of this paragraph and this provision shall ·be in lieu thereof0 .(e)''The reraaining ONE-HALt'(1/2)PART of my residuary estate, and in the event my said wife should predecease me,then a FOUR-FIFTHS (4/5) PART of the net residuary estatep I give,devise and bequeath unto rrry said Trustees.t.obe·beld by them.IN TRUST as follows: ,(1)'An equal ONE-FOURTH (1/4l PA.."tT thereof shall be held for m;y daughter,ANNE BAKER WEIMER,and the.net.income therefrom shall be paid unto her in monthly or other convenient'payments during her lifetime, and,upon her death,the then principalg together lIith any income accrued or accumu.l.ated thereon and remaining unpaid to her,shall be divided in equal shares to and e.mong my three grandohildren hereinafter named.and sball be added to the trust estates hereinafter created for them and ',;he income shall be paid and the principal distributed aa a part thereof'. Due to the fact that ample provision for my said <IDughter bas been made by other relatives of hers,including her mother and myself,it.has seemed to me advisable to make provision for her herein upon the same basis as made for my three grandchildreno -4- ••...l.'.:~:2':Y'..:':~,~\~:::".. ..:;;<i·.;;"::. ......"...~,.. I ••~• .,.:I ..(2)An equal ONE-FOURTH'(1/4)-PART shall be held in trust for my granddaughter$AMI ANNE-WEIMIm»and equal 'ONE-J'OURTH (1/4)PART for my..';'.. granddaughter»JULIA Va WEIMER,and an equal'ONE-FOURTH (1/4)PART for nry grandson,WALTER Be wm-1ER,and 'during their respective minorities as 'much of the net income as the TrusteeS in thair dis.:n."stion ma.y deem neoessary may be ..~ueed for their maintenanoG p SUPP01~and educatiol1o·.During suoh minority s.ny .!exoess income over and above their reasonable needs may be aoCWl11l1ated and invested by the Trustees until'theY'shall have respeotively attained their maj onty,at which time the entire net income shall be paid unto themo :(3)'As and l'1hen eaoh of'thaeaid grandcl:dldren shall have atta1nad the age of forty-fiva (45)'years ~the Trustees shall distribute to him or her a ONE-FOURTH (lit,}PART .of the principal of their respective share .'and a further ONE-FOURTH (1/4}PART .thereof as·.and uOOn they shall have respectively attained th~age of fifty-five (55).'Years 0 'Therearter the income on the remaining portion of their principal.sbue shall be paid to theUl lor .Ufeo . (4)'Upon the death of e.ny of '!!fY said grandohildren,than portion of his or her principal share than remaining in trusti together with any income accrued or aocumulated and remaining undistributedp shall be divided per stirpes into as many shares as there are issue him or her aur- viving and each share shall be held and administered as a separate trust until the surv:t.ving :tsBue attain the age of twenty-one (21)'Years respectively \lhen the principal shall be distributed to thema ,Should any of such surviring issue die before having attained the age of twenty-one (21)years,the share of Such one or ones shall go par stirpee to increase the shares of the other surviving issue then living,and so on from time to time as orten as a death 'I .:oCO'UrSo -5 - I I "i , I I. I ,..:~.._,,...,. ,'. ,(5)·Should.any'of my said grandchildren die without leaving issue to survive him or her org:l.£l,eaving issue to survive,all..of such should die before attaining the age of twenty...cne (21)·yaars,the. undistributed principal of suoh one or onea shall be divided equallY'to and among the trust estates of the other tYO grandohildran and the issue per stirpes of either of them than deceased and shall be heldll administered,and • distributed in accordanoe mth the provlsiona hereinbefore made for themo (r)'If at any t:1.IDs or times aDd from time to time the Trustees in their sole discretion.deem it necessary or advisable to use any part or parts of the principal shares herein provided for my wife,my daughter,and for my three grandchildren for their maintenance,support,education,comfort and \-1elfare,the Trustees are herewith authorized eo to do and they ehall give a liberal construction to this direction inaamuch 8S their comfort and.welfare are of primary consideration to meo'The income,and principal if found to be needed,of the ahare or shares of any minor beneficiaries taking hereunder may be expended during their IIiinorit;y by..t~Trustees in their discretion for the purpo8tlS above enumerated,or II!JJJ.Y be paid unto the parent or pGXents ,having the custody of suoh one or ones and tdthout the intervention of a guardian or reference to the Orphans'Court having jurisdictiono .(g).:During the continuanoe of the trusts herein created,the prinoipal sum or sums of the trust funds and the income thereof shall not be subject to or liable tor anY'contracts,debts,engagements,liabilities or torts of the beneficiaries respectively now or hereafter made,contracted, incurred or connnitted,but shall be absolutely'free froi.i the s.xae)c.;,:}c1 the benefioiaries respectively shall have no poYer to sell,assign or encumber all or any part of the principal sum orBUIIlB of the trust f'tmds or their interests therein respectively or the incoma thereof,or to anticipate said income o -6- "".)<~:,">,;":". "(,':,;1:', 'j,',, '",,'"," 1.: I ,:~,': ,"'l',. • SEJ[OOH:'.I XlOm1na~~'coutituta and appoint lIDWARD Lo STOClQ)ALE1I of Mt..Lebanon'Township,A1Ieg~·.eountyilPaxmsylVtmia,and THE UNION NATIONAL BANK OF PITTSBURGH9 a CdrpOI'ation,.and their sUocessors,to be the Executors ..,~, of this my Last ''WIll 'and Testwnent and to be the Trustees hereunder ~and I give to my Executors in the ssttJ.amant of ~estate.and to '1If1 Trustees after my estate has been settled;thefollotdng powers any or all of which may be . , exercised as Executors or as Trustees 1f found to be neoessary or advisablez- (1)To take 0v.er and retain unconverted so'long as they may see tit each and eveTl item of real and personal property of .which I may be possessed without 11abillty for depreciation,in the value thereof',and in their discretion to sall or othartdsa diSPOS03 of ·.all ()r any of'the sameS'or . any securities or property into which they may be converted as hereinafter provided at public or private sales to such parson or persons for such price or pricss and upon.suoh terms and conditiona as they shall deem proper0 In case of any sale or other dispositlong or an:'liquidation of any securities or property at anY'time held hermmder,the ':'rusteee shall from time to time invest and reinvest the 'prooeeds in BUOh stonks,bonds,notes,mortgages or other secur:tties ss'they shall d~emto be safe and tdsainvestments,and they shall not be confined nor restrioted to such investmsnts as have been made legal for fiduciaries under tba'la~of the CommoDYSa1tb of Pennsylvania• .For the gtrl.dance of 1IIY Trustees in the management .of this trust astatep I herevith express the desire that not more than a ONE-FIF'IH (1/5) PART of my interest intha mr.t:,vERSAL-CYCLOPS STEEL OORPORATION as represented by ·the common capital stock held hereunder be sold solely for the purpose of diversification of'investmentso'As'and when It might seem advisablell desirable -7- "'\~..'...'';',. ~\".",I.,. .. .,."..''...:":,'. .,-.. .. or neoessary to rtJ3 Trustoos to sall any-puot or all of the ramainin&FOUR- FIFTHS (4!5)PART of the common capital stock'of the said Universal-Cyclops Steel Corporation,it is mi desire that such proposed sale or salea shall first .be discussed rlth 7II3'vifa,~Lo BAKER,if ahe BUr'llivea meg and ltth my daughter,ANNE BAKER WEIHER,and thtrlr''Written consent thereto obtainado The Trustees 'are Quthorized and ampO'Yered at any time or from time to time in their sale discretion for any purpose to borrow money and for that purpose to pledge or mortgage any of the asaets or property then canstituting the fund and to execute and·deliVel"a.n;y and all notesp bonds, obligationa,morteagesp assignments,and otha:r instruments and to perform.8J.l acts neoessary,proper or convenient in conneotion therewith,any and all such bans,pledgee and lIm'tgagss to be nsde in ths sole d1s~tion of my Trustees and for suoh amounts and upon ouch terms as they shtAll deem.proper. .(2)..No purchaser of 8D;J securities or property at any tillle sold or otherwise disposed of by my Trust.ees shall be under any responsibility or liability to see to the application at any inoome or.ptincipal distributed by .them to any person antitled to raceiva the same under the provisions of this .Willo In connection With the sale or transfer of any securities of property-made under the .provisions hereof,I'!f3'Trustees are hareby authorized to execute and.deliver all suah revocable and irrevocable powers of attorney, bills of sale,assignments p deeds p conv~ce8 and such other instruments ae may be neoessary or proper'in asking such sale or transferao The certificates for all shares of.stock and the title to all real eetate which from time to time may be held by the Trustees hereunder may be transferred of record into the names of my Trustees as trustees berEllAllder,or may be transferred into the -8- 1 I, j" ! I ".: .\,":". " ,'. ",;'.> IIIII. I . I. I .\ .'. ... name of the nom1.Ilee.of the corporate fiduciary authorized by'its Board of Directors to aat in such ca~cit1;,The voting paver upon all sbares of stock or other ascrurities at any 'tim~held bt nry'l'rustaes her6W1dar shill be .executed byrrry Trustees·.in "p'ar~(m or.by 'pt'Oxyo'Ifmy'Trustees shall at anY' time hold or purchase bo'Ms .at a price in excess of parg thay.shaJ.l not be reqU:ired,except at their optlon~to ~rtize that part otthspurohase price in exoess of parg but all interest received on said bonds may be treated and paid out as inCOIOOlI or at the option of rJJY Trustees any income in their bands may be used lit the time of purohase to apply against that part of the cost of said bonds whioh is in excess of pal"o (3)'The Trustees shall have power to bold and manage any such real estatep make repairs and improvements and make looses ·thereof to such te~ts for such period and upon such terms IlS "IIfJ'Trustees in their discretion may detennine,and no lease by my Trustees for Ii term of £1va years or less.. shall be terminated :bY reason of the terminG.tion of the trust before the expiration of the term of the leass,but,inapite of the termination of the trust,such lease shall remain in full foroe snd effect during the term.', thereofo Ny Trtlstees shall have paver to receive and collect rents,interest and other income of said real estate or other trnst propertyII using such legal prooeedings as they may deem necessary for the purpose,and they shall have poyer at anY time to sell,convey and transfe!any or all real estate and other property which they may hold as Trusteeag conveying and transferring the same by'deed or other instrument in writing .in such form and with such covenants as rrq Trustees ma;r deem be6t~vitbDut the.consent of any court and without liability on the part or any purchaser to S86 to the application of the purchase money. - 9 ... "" f~ 'I 1 :.1:~ "I 1 I'1:1I1I '\'1".\ .i j, , i,, ,' ., ,'. ," The Trustees are authorizad and empowered to enter intop consent to i or oppose any corporate roorgani2ation~p mergers,consolidations,.dissolutions, and liquidations of'~y corporations \!bose stocks or other securities shall at any time be held by thein as part of the trust,under the provis.1ons hereof', and to make ,consent ~or oppose other adjustments of and changes in the capita~funds or property constituting t.he trust property;they may exercise any and all rights of'subscription vith respeot to any stocksp bonds 0:r other ::l'ecurities inoluded in the trust. '(4)'The Tl",stees·in ma1d -:'lg 'snydi~tribUtion ot principal of the trust fUnd may make the eaid distribution in money or in kind or partly in money and partly in kind.. EIGHIHo In the evant the said ED1WID L.S'l'OCKDAI.E should predecease ,11).8 or,SUfviving me,be unable to quali.f'y as Co-Ex:acutor and Co-Trustee hereunder'due to illness,accident or incapacity to act for any reason whatever,orp haVing qualifi.ed,.be unable:tO perform the duties herewith imposed,then and 1n,that event my said .w.fev WILMA L.BAKER,if she survives me,and JD¥said daughter,ANNE BAKER wm!ER g chall have the right to name such individual as bis successor as may 00 suitable.to the oorporate fiduciary herein named or ita succeasor in office.In the event my said daUghter should predecease I'1I3'said Yife or upon the death of my said duaghtar if ahe is the survivor of them,then a majority in interest of her issue 'Who are then sui juris may at any time or from time to time upon filing their request or election in writing change 6ither or both the individual , and the corporate trustee then in oftice.In the event of failure of the beneficiaries to nominata a succesaorindividual trustee in accordanoe witll the above provisiona,then the corporate t..-ustee or its successor shall act 6a,though Bole~named hereunder.Any suc~essorcorporate trustee named I ' 1 iI :1" I; II, ti ..!" ;'j 1j ! :J j ..~':j :i~i ·i j 16,\,Ij !,! '! ;;,I I ! ' hereunder shall be,a trust ,~~~r a 'national bank 8uthor1:aoo to do trust business,\..rhethar located in Pannsylvania or elssW8reg and shall have a capital of not less than $l9000~OOOoOO and l!l surplus of not lesa than $500:.;0000000 In the event that 8I!i1,ohange or Trustee or Trustees is mde at any time herein provided,the T:ro.staes whoa~sawnoosare discontinued shall effectually transfer or.'deliver over to thGir suocessor or SUCOGssors all the property held in the trust estat9 and shall file an accounting of the ad- ministration of the trust in ~.court of'app:ropria~e jurisdiotiono NINTH:No bond or other security shall be required of the individual named as EKecutor and.as ~t6e hereunder nor a~successor to him selected in accordance ldth the above provisions11 and the 'l'rustees,both individual and corporate»or any substituted Trustee or Trustees,sball have the right to resign upon giving ninetY'(90)days I \«1tten notica of suoh intention to all the benefioiaries taking:under the provisions·or this Will '",hather minors ot"adultso •"'-j ..-':'." .~TH-!.All the foregoing provisions tdth respect to the Trustees shall i!i.. i t'j, -J I 1 I, apply 'Whether ona or more trustee sbs.ll be acting,regardless of \rhethe.r the languagehe.rein contained shall be appropriate to a trustee singular in number or trustees plUI'al in number i and all such provisions shall inure to the benetit not only .of the ~teea herein named,rot aleo to all sucoessors in said offic60 IN WITNESS WHEREDF,I p WALTER H.BAKER,have to this my Last Yill . and Testament set my band and seal this __,....Qtl....h__{Jay of __.::.:A;:Ugu,~6~t ~, A.D.,194~6__• WALTER H.BAKER Signed,sealed,published and deolared by the above named testator, -11-) , ..".',', :,-,'.. J "'.\j',...,',";1'".::'.. ..;\ ,', WALTER H.'BAKER j as and for bis Last 'lUll and Testament,in the presence of us, I wo,at his requestj in his presenoe and in the presence of each other,have .hereunto subscribed.QUr nsme$~BtdtneB5es thereto" 'f ":il ";1 ,••:' ~I'- •;:..,."~.. :.',.........:.:~:~\.t..fflLm1:'D E DATlT.'tl .:::""'..'..'.''..Wll\J..£A1.".~\ :.:~:',:;(i Address':621 'Clmstnut St... ,. : •I'.'• !.,G%.9..i Po WIRTZ "::' .. ~.':: .,,:.'". ~.;. -,Address,8,753 Wali!htPrzto.n AI'~. ELVIRA P.CASTELLI ;..'.;.~. ::'...:"':,:..",.",~:.. i ...,'Address 2 614 Ba~_Street ."A~dg~Yill~.fq,o ., ;'.:.... ,.'..; II~. II " -12 - -------------------,-----I I IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE WALTER H.BAKER,DECEASED FOR WALTER B.WEIMER ) ) ) ) No.318 of 1970 REQUEST FOR DISCHARGE FROM DUTIES AS INDIVIDUAL TRUSTEE WHEREAS,Walter H.Baker died June 26,1947,leaving a last will dated A~gust 26,1946:which provides in Article- Sixth (e)(2)for a trust currently ad~inistered for the benefit of testator's grandson,Walter E.Weimer. WHEREAS,a Partial Account was filed at No.318 of 1970 and by decree of distribution the trust fund was awarded to William G.Stewart as success~r individual trustee with The Union National Bank of Pittsburg~as surviving trustee. WHEREAS,an Account will be filed by the trustees to be called for audit before your Honorable Court. NOW,THEREFORE,Willian G.Stewart,does hereby resign his appointment as successor individual trustee condi- tioned upon the absolute confirmation of his account. Exhibit "B" ..-............-...'" THI URIOH NATIONAL BARK or PITTSBURGH •FebruarT 24,1~6 ,,' I " •'f • Mr.Walter B.Weimer 105 West Clinton Avenue state College,Pe:mqlvania 16801 In rea Walter H.Balcer,Decea.td,tor Walter B.Weaer ., Dear Walter. I am eno1osing a oop)"of the Second and Partial Accounting of William G.Stewart,Suocessor Individual Trustee,and this Bank as Surviving Truste.under the Wl11 for the abovo Trust whioh was tiled at No.)])3 ot 1970 on JanWl17 2g,1976 in the Court ot Oornmon PIon.ot Waah1ngton County,P8IUlB1lvania.,Orphnnat Court Division.The ClOOOunt will oame before the Court tor sud!t on the Audit List whioh cormnences the week of Maroh 15,1776.As you know,the purpose for fiUng an accounting ot this trust was to OOlllply with Mr.Stwart's request tor discharge as the individual trustee and the subsequent appointment ot a suocessor individual trustee. ~ '1 '1'll.'f So that we oan complete our records on your wish to appoint your nephew,Joseph Dunoan Kniaeley,as sucoessor individual trustee, would you please direct your intent on the enolosed copy of this lettor and return 1t to me in the envelope provided. You will recall that under tho terms and conditions of your grandfather's Last Will and Testament,Q.majority in interest ot the Issue of your mother,who are sui juris mas at B.Dytime or,from time'to time upon filing their request or election in writing ohange either or both the indtvidual and the corporate trustee.Accordingly,to effect the appointment of Mr.Kniseley as a co-trustee,it is neoessary to obtain the majority approval from your sister,her three sui juris children,and your nephew',Joseph Duncan !n1seley,in view of this provision.For your intor- mation,copies of the accounting vU1 be torwarded to each ot thfJII,as th81 • I -:1COpy Exhibit "e-I"•-.',; REC'D MAR 1 1976 ~~C<~~~4J.~ ,'---'-----------------------'--'-=-------- ~.:.~,,i .. 1;:",'}:I.j.~ : .,.' I 1· !J "! " ii, j- 1 1" II-'0;.." .......... '"-to"- Mr.Welter B.VeimaJ' Page 2 lebrua!7 24,1976 a1.o haft •poel1ble conUngant :remainder interest and ther will be l'8qUelted to approve yaur choice. lIUl 7011 pleaae acknowledge receipt of the enolosed acoounting, DOtloe of its ttl1Dg and SIlbaequent oill tor audit,b7 11gn1ng the enclosed COVI of Woe leiter.- It 10U b&w UV'qaeaUou rep1"d1Da thi.matter,pl...u~ Vert ~)'OUt", (:-",,L 7JJOHN R.~ SeD10r Vice Prea1deD' JRE:jd Enclosure. /lHo-299J-00-6 COl John B.McCreight,Eaq. BQbez't r.Pat.ton,Esq.' I hereby acknowledge receipt of the above accounting and notice of its filing-and subsequent call for ~udit the week of ~ch 15,19760 ,1/AI _/'"7 .f ./-,.;c/';I'l.'.•.(,....,.,f -,.,'/'f '..,~f /k?/f //I'q;././(•virI I 1[,.'e'::'oC/f./1- Walter Bo Weimer I,WALTER Bo WEIMER,hereby wish to appoint my nephew,Joseph Duncan Kniseley,as Successor Co-Trustee for the Walter H.Baker,Deceased Trust.5.mder Will for my benefito.f ~".,...'////:~....,:f:7.///("I/LJ ,"1'tl>'-~1f-:t"'/IJ~(' o C I;'1:.,,.,/'I/c· V Walter Bo Weimar "- ",, of .' .: , :1,i j #..1 , i . ,' i ' 31.-0 THE UNIO,{NATIOHAL BANK OF PITTSBURGH febrlw'126,1976 Mrl._Anne V.Ritter 4101 LaPlaya Soulevud Coconut Grove Miam,?lorida 33133 III N'Walter B.Baker,Deceased,tor Walter B.We1mer Dear Mr••Ritter. I am enclosing a'copy ot the Second and Partial Accounting of William G.:3tewart,Sucoessor Individual Trustee,and this Bank as Surviving Trustee under the Will for the above tl'UtJt which vas tiled at no.J18 of 1710 on January 28,1976 in tho Court ot Common Pleas of Wnahington COlmty,Pennsylvania,Orphrme'Court D1.v1oion.Tho J\oo(mnt w111 oomo before the Court tor nu(~1.t on the J\udit Uat which OOftllflOllQC" the wook ot Haroh 15,1976.F'or your information,the purpose for .tiling an aocounting of thil3 trust was to complJ"ldth Mr.Stwart's request tor discharge as the Individual Trustee and to appoint a Successor Individual Trustee.The accounting is being forwarded to 1'OU at this t1me since 70u have a possible oontingent future interest in the trust vhich would take effect upon the death ot "f'O"IJ:r brother,Walter B.Weimer. We have been advised by your brother that it is his vish to appoint his nephew,Joseph Duncen Kniselq,as Suocessor Individu.lll Trustoe, replacing Hr.Willlam G.Stewart.Under thG terms and oonditions of the Will ",hioh establishes this trust,a .najority in interest o£the issuo of Anne Baker Wellwr,who are sui juris,:mey at an:;rtime or fr<m tine to ti.rnE:l upon filing tha1r eleotion in writing change either or both the individual or corporate trustee then in effect.t\ccordingly,to effect the appointment of Hr.Knisoley as Trustee it 1s necessary for the mnJority of your three sui juri8 children,brother,nephew,and )"Ourself to approve the appointment. You can indicnte your approval to this appointment·on the enclosed copy of this letter and return it to me in the envelope provided.Will you also acJcnovledgG receipt ot the enclosed Aoaount1na and notice of 1ta tiling end REC'D MAR 3 1976 " ..COpy Exhibit "C-2P. .,' ;<..,.'".. ~I.A:q Azme 11.Bitter Page 2 Februa17 ~,1976 eubesequent call tor auait b7 signing the enclosed cop)"ot th1a letter. It )'Ou have C111 questiona regarding the enclosed accounting, 01'the provisions re~the appointment ot a co-trustee,please let me know. Verr truJ3 yours, Amy A11ne w.R1tter \"'.....; 5J.,/R- JOHN R.~mrr Senior Vice President I he,reby acknowledge receipt of the above Accounting an.d notice of' its filing and subsequent call for audit the week of March 15,1976.r ,~, t .:(I 1'"'.)~t'"\--."\.,\....'"<;'-J/,..~,...()'C \>.M ) I,AMY ANNE W.RITTER,hereby approve the appointment of Joseph Duncan Kniseley as Successor Individual Trustee for the Walter H.Baker Trust under the Will for Walter B.weimer\ C cc~Robert F.Patton,Esq. JRE:jai Enclosures i/Ho-mJ..00-6 , I ij. II I I1I1, ·1r~,( ij 1;- \.~> 'I 1rj' l IJ] j Jj L JI ;\ I.' I .- ~,,I',,'l . -j I,i I ! I '. THE UNION 'NATIONAL BANK 0'PlnSBURGH rebrua17 26,1976 Wilson &nith,Esq. Steel Hector &Davis Southeast First National Bank Building Miami,Florida 33131 In rea Walter H.Baker,Deceased,tor 'Walter B.\.feimer Lear Mr.Smiths I 81U enclosing a copy of the Second end Partial Accounting ot WilHam O.ntmllllrt,GuccaElF.lor Indtvldqnl Trnntt)~,,md thtn n~.n1t (l A ~·11\l."V1vtng Truftltee un.der the \1111 tor the BUOV/)'l'1"l18t whioh \.ltlli tiled ut ~Jo._n~l of 1970 on Janua.ry 28,1976 in the Court of Common Pleas of I,lashington COunt~l, Per.u~sylvenia,Orphans'Court Division.The account will come before the Court for audit on the Audit List wh·jch commences the week of Harch 15,1976. For your information,the purpose of filing an accounting for this trust 'toras to comply with Mr.stevart'a request for discharge as the Individual Trustee and to appoint a Successor Individual Trustee.The accoWlting is being fo:r- warded et this time since Joseph Duncan Kniseley haa a possible contingent remainder interest in the trust which would take effect upon the dea.th of his uncle,Walter B.\{elmer. We have been advised by Mr.lNe1mer that it 1s his viah to appoint his nephew,Joseph Duncan Knlseley,as Successor Individual Trustee,replacing Mr.'\Ulliam G.stewart.Accordingly,I am enclosing an Acceptance Of Appoint- ment as Individual Trustee which should be signed bY'Hr.Kniseley and returned to me in the envelope provided. Under the terms and conditiona of the Will whioh establishes this trust,a majority in interest of the issue of Anne Baker Weimer,who are sui Juris,maY'at anytime or from time to time upon filing their election in writing change either or both the individual or corporate trustee then 1n effect.To properly effect the appointment ot a new trustee tor this trust,it 1s neces88Z"1 COpy Exhibit "C-3" tor th~major11:T ot Arq Anna Ritter,hor three ami juris ch11dron, Wo.ltor D.\/oi.mflr,and t·fr.l\JlltJj1jlo)"to OppNVG the ft~'Po1ntrlCllnt. Mr.Xn.18el~CM 1nd1oate his approvnl to thG appolntmont on tho ~.closed oopy or this letter.1<1111 you.please Bcknovledge :receipt of the enclosed accounting and notice or 1t3 f1l1ng and IUbaequent call tor audit b1 signing the COW ot this letter.. tl you have tJrJ:f qw)atlonsrogard1ng the encloaed accounting or the proorisions ~the appointment or a oo-trwJteo,plense let mo know. .'...~., wUson Smith,Esq. Pft.ge 2 Fsbruary 26,1976 , !,.'.~;l/1L- Jam R.OOIm1E21T Sentor Vl00 Pntdckmt JRZ.jai &1010Il\1r•• Ulio-2<Jt}J-OO-6 eel Mr.Joseph Duncan Kn1se1.,. Robert.F.Patton,Eeq. ~Joseph Duncan Knise I,JOSEPH DUNCAN KNISELEY,hereby approve the appointment of the .Successor Individual 'Trustee as I hereby acknowledge receipt of the above Accounting,and notice of its filing and subsequent call for audit the week of March 15, 19760 . .~1 h .~\,".J../v..l ~~. "I >. ,. i.I .. t• •',I.'. -" ,',- ". 'oJ··• ~, 't'til P '1,. " <,.'. -..-~..,,=,. 31.·0 '. THE UNION NATIONAL BANK OF PITTSBURGH 1 "1 ,;. ,, I~, I"'I.t:.~ " .;,.. ;' "'1. Februar,y 25,1976 Miss Susan Duncan RitterC/o Metais 1 Rue Yvon -V111arceau Paris 16e Franoe In rec Walter H.Baker,Deceased,tor Walter B.Weimer Dear Miss R1ttera I am enclosing a oopy of the Second and Partial Accounting of William G.stewart,Successor Individual Trustee,and this Bank as Surviving Trustee under the Will tor the above trust whioh was filed ,tt No.J18 of 1970 on In.nueu7 28,19'76 in tho COl.u-t or Common I'leAfI of Wfltllt1.rlet,O(1 Cuunty,~'Ol'mtlylvtlntta,Orpl~t.\n,,·Cuu,rt l>.tv.ht.ou.'j'ha iH\OUunt will OOIlle before the Court for Audit on the Aud1t List whioh oommences the veek of March 15,10/76.For your information,the purpose of filing an accounting for this trust was to comply with Hr.stevartt s request for discharge as the Individual Trustee and to appoint a Successor Individual Trustee.. f' .; ,i:' \'(',.,>. .......'--'(..:.-.t:.·' ~./.. f'..~~,.~ "..,~..... ,1.,~: :..~~.:i -."'.'. ",.. The accounting is being fortlarded at this t1me since you have attained the age of majority (18)and have a poasib1econtingent remainder interest in the trust which would take E;!£fect upon the death of your uncle, Walter B.Weimer..i We have been advised by your uncle that 1t is hie \dsh to appoint Joseph Duncan K.."'l1se1ay as Successor Individual Trustee,replacing Hr.~lil1iam G.stewart.Under the terms and conditions of the~-l111 whioh esta.blishes 1 ·~th1s Trust,a majority in interest of the issue of .'\nne Baker "leimer,who are sui juris,may at anytime or from time to time upon filing their <31ectlon in vrit1ng change either or both the individual or oorporate trustee then in effeot.Accordingly,to effect the appointment of Mr.Kniselq a3 Trustee, it 1s neoessar;y for the majority ot yatJZ unole,mother,cousin,and your brothers .. .' •',' COpy Exhibit "C-4" '...' • ! \. .'~, ~,.' .....'..f i. I. I Misa SUsan Duncan Ritter Page 2 FebrJlU7 25,1976 to approve the appointment.You oan indicate your approval to this appolntroent on the enoloaod oop)'ot th11 letter end rotUrD 1t to Q in tb,envelope provided.Will you nlOQ t1okno",l~diG rGOo1pt ot tho enclosed accounting and notioe or its filing and subsequent call tor Audit b7 signing the enclosed copy of this letter. It you have 8l11'questions regarding the enclosed accounting, or the prov1slona resard1nc the appointmant or a co-trustee,pleaoe let me knov. '0, .- "'I..,, ", .\ ,I· ,.' ...,.~,'.<. JREIJai Enclosures l/Ho-m3-00-6 001 Rob41zot p.Pattem,!Iq. ,~,/.ttL- am R.roImMENT Senior Vice Prea1dent '-'~. .:.' ,'--;"~'.. ,.'"..,.. "j ~'f',. :- I•I'~.I~':. I,i t I I" :~~ "'f, ....,", ""'i'~",. I,SUSAN DUNCAN RITTER,hereby approve the appointment of Joseph Duncan Kniseley as Successor Individual Trustee for the Walter H.Baker Trust under Will for Walter Bo Weimero 5UQJ ~il1Jp..L Susan Duncan Ritter I hereby acknowledge receipt of the above accounting,and notice of its filing and subsequent call for audit the week of March 15,19760 Susan Duncan Ritter.' .f .,~. \: .•,',.\ I . ..,., IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY '.PENNSYLVANIA ORPHANS'COURT DIVISION IN RE: WALTER H.BAKER TRUST FOR t.iA.LTER_:lt~;..WELME·R ) ) )No.318 of 1970 ) ) ) ACCEPTANCE OF APPOINTMENT AS INDIVIDUAL·TRUSTEE WHEREAS,Walter H.Baker died June 26,1947,leaving a last will dated August 26,1946,which provides in Article Six (e) (2)for a trust currently administered for the benefit of testator's.grandson,Walter B.Weimer. WHEREAS,a First and Partial Account was filed at No.318 of 1970 and by decree of distribution,the trust fund was awarded to William G.Stewart as successor individual'trustee with The Union National Bank of Pittsburgh as survivi~g trustee. WHEREAS,a Second and Partial Account was filed by trustees and to be called for audit before your Honorable Court at the March term. WHEREAS,William G.Stewart,said individual trustee has tendered his resignation to continue to serve in such capacity with respect to the trust for the benefit of Walter Baker Weimer. NOW,THEREFORE,I hereby agree to accept the appointment as successor individual trustee under the terms of said will of Walter H.Baker. Exhibit "D" I I ..., IN THF.COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PA. Orphans'Court Division J IN RE:) ) ESTATE OF ) )No.63-70-318WALTERH.BAKER,):)IDeceased)! I, HEARING ON AUDIT BEFORE: TIME: APl'EARANCES: THE COURT: H.Baker.Mr.Ummer. MR.UMMER: THE COURT: THE HONORABLE PAUL A.SIMMONS, Judge of the said Court. Friday,March 19,1976 ,!it 9:30 A.M. Robert F.Patton,Esq., of Pittsburgh,Pennsylvania, representing the Accountant. (James W.Ummer,Esq.,appearing for Robert F.Patton,Esq.) The'next estate is the estate of Walter Yes. Let the record show that the first estate is filed at Number 63-70-316.The second estate we are concerned -------~-----------------------------------------. 2. with here is Number 63 -70-318. MR.UMMER:The filing of this account was occasioned Annw Baker Weimer.and I have attached four nominations,nomi- issue of his mother.Anne Baker Weimer.to appoint successor Walter Weim'er.was given 1he power.along with the sui juris individual trustee in this trust.There are six sui juris issues of .1 Yes,'I.all four.have ,voted for Joseph Well/are these people voting for him? ." You mean you have four votes for him? ~ell.all six of the sui.juris issue were MR.UMMER: THE ,COURT: , four nominations back. MR.UMMER: ..,........ notified and asked to,submit their nominations •and we received nating Joseph Duncan Knisel~y III,as the successor individual THE COURT: trustee. the Union National Bank as the corporate trustee.The life tenant. by'the resignation of William G.Stewart.an individual trustee with ~• 0( ~ 0(>..:I>-Q::~"i0I-(,I.. :::I.e.; 3: 1-" ~IJI- Col-c..... I.2: :I~...C\o I/.It...l-ll:0ll.'"Il: ~II::II0lJl..!ui;:... 0 e Duncan Kniseley,III. THE COURT:B2cause they not only have to nominate him,they have to vote for him. '. 3. "J MR.UMMER:Right,and we do have the majority of them voting for Joseph Duncan Kniseley,III. (Mr.Zermani,Court Crier,leaves the Courtroom to make this announcement,returning in a :ew right now,then,is the closing of the audit of his acc ount? drawing is now filing his account,his name is William G.Stewart, Will you announce the estate of Walter H That's correct,your Honor. Will do,your Honor. Yes. All right,so that what you want done And this other gentleman who is with- moments.) Baker. MR.UMMER: COURT CRIER: MR.UMMER: THE COURT: is that corre'ct? THE COURT: THE COURT:• ~i!:0( :>.J ni!:i!:1/L ij ~z :z:"c ~ -~X :II'5eoJ0(::; 0:l.., :z:~,... IN iiiIII:IIIt-Ill:00D.IIIIll: t-Ill: :J0Y oJ.0( Q oii:II.<) e THE COURT:Mr.Zermani,did you receiYe a re- sponse? COURT CRIER:Your Honor,I receiv.ed no response. r,: ,. THE COURT:Is t.here anybody in tIte courtroom,other 4. than Mr.Ummer,interested in the estate of Walter H.Baker,the. estate filed at No.63-70-31B? + + + + + + + + estate is ordered closed. •« z0(>.J>-WIZ ZIIIIL i0~'"z XIII0( ~ ,:uit~III5 .J:!u5~., x~r-N uiItIII~It0ILIIIII: ~It:I0\J .I< U(;: \l, 0 THE COURT: (No response.) Hearing no response,the audit of this ,-.'' I hereby certify that the pro:eedings are cont8ined fully and accurately in the notes taken by me at the hearing in the above cause,and that this co~y is a correct transcript of the same. reyer, Court Reporter. The foregoing record of ~roceedings at the hearing in the above cause is hereby approved and directe to be filed. By the Court, 5. ------------------~--------------- ~u tqr Qtnm nf QLnmmnu 'lru.a nf lIu.a4ingtnu Ctrnunty ®rp4uu.a'QInurt litti.ainu ~" In the matter of the Audit of Account in "JIlstate of WALTER H.BAKER.DECEASED TRUS'r.1 ~UNDER WILL FOR WALWER B.WEIMER, TO THE AUDITING JUDGE: No.63-70-318 JDDter our appearance for Joseph Duncan Kniseley,Successor 'Individual Trustee and The Union National Bank of Pittsburgh,Surviving Trustee ,,,-~~'.....19~ N.B.-Counsel shall,by separate paper,present a concise statement of each claim,with supporting calculation of any interest claimed.Objectioll8 to an account as flied,shall be cODcisely Btated in a separate paper. Councll suggesting proper 41Btribution shall fUe a separate concise state- ment in that regard. --._-_.---- No.63-70-318 In re Audl,t of Account tn Estate of WAL'IER H.BAKER,DECEASED TRUST UNDER WILL FOR WALTER B. We.l.J.llJEK·r AUDIT Jrntript fnr !\pptnrutttt FOR JOSEPH DUNCAN KNISELEY ,:~.SUCCESSOR INDIVIDUAL TRUSTEE AND THE UNION NATIONAL BANK OF PITTSBURGH, SURVIVING TRUSTEE -------------------- JAMES Wi.l UMMER,ESQUTRE BUCHANAN INGERSOLL,P.c. USX TOWER,57.TH FLOOR .PITrSBBRGH,BA 15219 Attorner 'I ..~,..l. ~.a • ,p , '::'. ........-_1 t1- ~.t OFFICE OF THE REGISTER OF WILLSAND_..• CLERK OF'THE ORPHAN'S COURT WASHINGTON COUNTY WASHINGTON,PENNSYLVANIA 15301 YR 318.70 f* AceT 685.00 4 TOTL 685.00 !.!i114:200CT.22~9B~CHE:f.<685.00 L[Nf 04 ~......:,..,.... " IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PA. (Orphans'Court Division) APPEARANCES: TRANSCRIPT OF TH~PROCEEDINGS AT THE HEARING BEFORE THE HONORABLE PAUL A. SIMMONS,J.,ON WEDNESDAY,DECEMBER 22, 1976,AT 10:15 A.M.,IN COURTROOM 1/5. JAMES.W.UM:rv.rER,ESQ.,of the firm Buchanan,Ingersoll,R oo.ewald:,Kyle &Buerger 5th Floot'U.S.Steel Building 600 Grant Street,Pittsburgh,Pa.15219 rep~esenting The Union National Bank of Pittsburgh. Surviving Trustee.. ,-". ,·...l ,..'·.i -'-...J=::;;:J 311..'-t·'--.63<...,1J:)-:::'~11 ..::r:-::.--.........~-t <:;;f;~-.~ o ~-:".?~::'_.Jlf'~J No.63 ~"7g;-'3-ti ~ No• ) ) ) ) ) ) In re: WALTER H.BAKER TRUST SHARE FOR AMY ANNE RITTER In re: WALTER H.BAKER TRUST SEARE FOR WALTER WEIMER • <i<,. -~ =~..II :ill!IIii .,oeB:'- .~ E•0- oJaaq f· I 5g lt0,'.'.... MARY JANE DREYER Official Court Reporter I AND NOW.this 22nd day of Decemb~r,1976,at 10:15 A.M.,the within matter came on for hearing,as scheduled,in open court• before the Honorable Paul A.Simmons,J. in the trust under the Will of Walter H.Baker.the share for ance.and tellJus who they represent. do with the trial.or the hearing,that's going to ensue. Well.the first matter has nothing to IYourHonorrecallsbackonNovember I think,just prellmlnarlly.it would o.K•.Very good. ++ ++++++ Or) MR.UMMER: MR.UMMER: 23rd,I presented at motions two petitions for declaratory judgments THE COURT: be a good idea if all the several counsel would enter their appear- THE COURT: • ~i~>ti•L ir•z:;: ii:, ~-.a..i0~ i IiI: I ~g..0(6I•• the language of article three of the Will as it pertained to Investme t restrictions.and you signed a preliminary order on that day,direct ing the trustees tQ give notice to all parties In interest.This 3. consistently with p,ri9r interpretations the Court's made. would be present before you this morning,and I am here to pre- sent'a final order for your Honor to sign,interpreting that languag •THE COURT:All right,now,do we have any represents Amy Anne Ritter..and also 'S,...'Cotrustee of --- matter in ·the halls of the courthou.se,and also in the courtroom,to, Your Honor.Evans Rose,Jr.,who lie's a substitute trustee,if I recall. I believe you ought to announce this (No response.) MR.UMMER: to your ~roposed interpretation,all right? IThat's correct,yes.He is present'j and I understand tha.t he has no objection to this".I !: j All right.Let's announce the matter! see if anybody is responding to -,thts pootice and does have objection '.THE COURT: objection to this ? .THE COURT: 'THE CpURT: " • • of WalterH.Baker Trust,sbare for Walter Weimer:also walter Baker Trust.share for Amy Anne Ritter,-in the halls of the court- house,and see if we have any reSponse., _____--1I---....=:O~rde't'>:_-'~-----__+-...;;4.::::Ioo. ,"Mr.Zermani.Court Crier.makeS this announcement.) • THE COURT: "announeement? Mr.Zermani.did you make the Courtroom who has an interest in the Walter H.Baker Trust Share for Amy Anne Ritter.who has any objection to the final order in room who objects to any pos,sible interpretation of that language? Hearing no objection,the Court will Your Honor.1 received no r.esponse. Now.do we have anybody here in the (No response.) THE COURT: identifies the phrase."the then beneficiaries of the trust created by this indenture who are sui jUris.~'Do we have anybody in the court COURT CRIER: THE COURT: --regar.d to the interpre~atioo of article three,of the WUl.which 6 i iou • • ~enter the final Orde:r)'.as follows;Uio OB O:E'R:,. I ,.NOW,to-wit.this 22nd d 9.y of December.1976.the Court having found that the trustees of the tru t created by Walter H.Baker.designated by the number and term above shown,have given notice to all parties in interest to appear _________..u....~~_ -----.~---------------------------------.----, and present oral argument based upon the petition presented to this Court by the trustees on November 23,1976,a copy of which waS provided to each party in interest,in accordance with the provision these people;do you have that? as it appears in Article Three of the subject trust indenture is a present your ·Affidavit of Service,as indicated in the ;notice,to all class limited to those pers()os who are currently entitled to the Well,on your representation that Are you able to provide me with that Now,.at this ~e,would you please. I don't have that with me,your Hono • I cah.yes• MR.UMMER: MR.UMMER: THE COURT: THE COURT: of Sections 831 and 834 of the Uniform Declaratory'Judgme nt Act,.. THE COURT: beneficiaries of the t~ust created by this indenture who are sui juri II distribution of trust income. hereby interprets,ordersa~d decrees that the phrase "the then • •i•>..I~~III\, ie\)z i r c•t I i~•a iQ :)., t l- I ~is(••·, r~otlce was,in fact,given,we-will go ahead and sign it. MR.UMMER:It was.The notice consisted of a copy of the petition and a copy of the preliminary order and a lette 6:., from Union National Bank,one of the cotrustees,explaining what w ~s being done here. MR.UMMER:First cla$s mail.your Honor. would you state your name,please. was it done;is there anybody here who can tell us? the cotrustees of the surviving (inaudible). All right.and,just for the record, Well,all the residual remaindermen It's important for the record.you Yes.your Honor. Was that done by certified mall?Hqw MR.ECHEMENT: THE COURT: and the present encumbent beneficiaries were notified,as well as THE COURT: of mailing this notice? know,showing that the,se people.in fact,did get notice of this. MR.ECHEMENT: THE 'COURT:,.Well.would you give us an affidavit THE COURT:• 0( ic>~ IIIIll. i.0~z iIICJ t E'.Q '.ICa0~ 6 I i0u ~6t0•" MR.ECHEMENT:John R.Echement,I'm Senior Vice President of Union National Bank. ,THE COURT:Very good.In other words.we will expect,just so the record will show this,that you will file with us to all interested parties,is that right? an affidavit indicating that you properly mailed notice of thla matter •MR.ECHEMENT:Yes;your Honor. In re:Walter H.Baker ff'ruet,'Share'for Walter Weimer,and,Mr. ,would apply to the next case before the Court.whkh~has to do with I I j I And you will supply an affidavit to That's correct,your Honor. Yes. All right.Well.now,this also All right.You'll do that,and we'll right,to all interested parties? that effect,in due course? THE COURT: Echement,you likewise did rr.ake the proper notice there,is that MR.,ECHEMEN'l': MR.ECHEMENT THE COURT: sign the Final Order.with the understanding that this will be suppli ed in due courSe. THE COURT: • • MR.ECHEMENT:Yes.your Honor. ., THE COURT: estates? Mr.Zermani,did you announce both MR.ZERMANI: THE COURT: tCourt Crier)I did.your Honor. Now,do we have anybcx:ly in the 81•. courtroom who might be interested in the matter of the interpretati<n of article three of this will.as it pertains to the share for Walter Weimer? (No responSe.) THE CODRT:Hearing no reeponse.the Court will '- make the following Order. ORDER NOW.~o-wit.this 22nd day of Decen~er. 1976_.the,Court having found that the trustees of the trust created 1:ty Walter H.Baker.designated by the number and term above shown.I have given notice to aU parties:1n interest to appear and present ora argument based upon the petition presented to this Court by the of the trust created by this indenture who are sui juris"as it appea s in Article Three of the subject trust indenture 1s a class limited to those persons who are currently en~itled to the distribution of trust ncome. r-~- I r THE COURT:Now,when can 1 expect these affi- 9. davits of mailing,if you will,as to this notice;within the next day or so? our minute clerk,who wUl make the proper entries. it.Now,we'll sign these.Do you have a copy of these? • ~.i'«>g tIIIII. i~zic~ t. E•ii...c0Q ~ 6 Ii I ~. ;, 3 ~. nie• MR.ECHEMENT: THE COURT: MR.ECHEMENT: THE COURT: Court Reporter•. MR.ECHEMENT: THE COURT: MR.UMMER: Yes,.your Honor. All right,if you please.I'd apprecia e Yes,I do. Will you please give a copy to our Yes,your Honor. Now.we're going to give these to That's it.Thank you,y<;mr Honor• . (COURT ADJOURN~D IN THIS MATTER AT 10:30 A.M.,ON WEDNESDAY,DECEMBER 22,1976. + ++ + ++,++ Certifications 1(h IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY.PA. (Orphans'Court Division) •In re: -WALTER H.BAKER TRUST SHARE FOR AMY ANNE RITTER ). ) ( No.63 -'10 -311 Inre: WALTER!!.BAKER TRUST SHARE FOR WALTER WEIMER ) ). ) No.63-70 -311 CERTIFICATIONS: •!'her~by certify that the proceedings are contained fully and accurately in the notes taken by meat the hearing_in the above cause, .-and that this copy is a ·correct transcript of Hie same. /s/Mary Jane Dreyer Mary Jane Dreyer, Official Court Reporter. , I.J~Paul A.Simmons,J. By the Court, lsi Paul A.Simmons The foregoing record of proceedings at the hearing in the abov~ cause is hereby approved and directed to be !l1ed.I III I !•