And, whereas, further, the real estate above described together with the livestock and personal property used and located on the "101 Ranch" has been managed and operated in part separately by the individuals above named and in part by the said Joseph C. Miller, Zack T. Miller and George L. Miller, together under the firm name of Miller Brothers; and now in order to centralize the management of said property, both real and personal, and in order to insure the more efficient, economical and satisfactory management, control, development, operation and conduct of the business of the parties above named and for the purposes hereinafter described, it is desired by these granting parties to grant, deed, sell, and set over all of said real estate and personal property to W. A. Brooks and J. E. Carson, Trustees, in trust, for the uses and purposes hereinafter set out.
NOW THEREFORE, We, Joseph C. Miller, a single man, Zack T. Miller, a single man, and George L. Miller, a single man, do by these presents, quit claim, grant, bargain, sell, convey, assign, and set over unto and invest in W. A. Brooks and J. E. Carson as Trustees, all of our right, title, interest and estate jointly and severally, both legal and equitable, in and to all of the real estate set out and described and listed hereinbef ore in that portion of this Trust Deed designated as the “Schedule," subject to any and all oil and gas mining leases, mortgages and liens of record, together with all of the livestock and personal property of whatsoever kind or character owned by the firm of Miller Brothers, and all notes, accounts, claims, demands, choses in action, judgments, suits in action, funds and moneys now held or owned by the firm of Miller Brothers, in trust, to take, receive and hold the legal and equitable title to the aforesaid real estate, stock, personal property, notes, accounts, claims, demands, choses in action, judgments, suits in action, funds and moneys, for the following uses and purposes and with the following powers, duties and obligations, to-wit:
To receive the rents and profits accruing from said properties and from other property acquired by them as hereinafter provided during the life of said trust, and pay the same to the shareholders entitled thereto as hereinafter provided.
To manage, operate and control the said property during the life of said trust, and to operate and develop the lands and properties herein granted in trust, for the following purposes, to-wit:
To manage, operate and develop said properties and any other property acquired by the trustees, and to carry on and engage in a general agricultural and livestock business, and to do all things necessary and incidental to a general agricultural or livestock business. And to engage in and do a wholesale or retail marketing of the entire products of said ranch; to manage, operate and develop said properties and any other property acquired by the Trustees, for oil and gas purposes and all purposes incidental to the oil and gas business, in-chiding the manufacture and sale at wholesale or retail of the products of said business; to operate a general mercantile business, including the wholesaling or retailing of any merchandise of whatsoever kind and character; and to operate, manage and develop said properties for any other lawful and profitable purposes in relation to or incidental to the purposes above set out.
To use, in their discretion, the profits arising from the operation of said properties in the acquiring of other lands and properties and to purchase from any funds coming into their hands, such equipment, chattels and stock as may be ordinarily necessary in the management, operation and development of the properties above described; to market and sell any and all products from said business, to employ and pay agents, servants, laborers and employees deemed, by them, necessary in the business of the trust hereunder, and in the management, control, operation and conservation of the properties herein described, and such other properties as said Trustees may acquire under the powers and authorities hereunder conveyed; to invest trust funds in revenue bearing securities.
To take and receive all judgments, claims, demands, both legal and equitable, as well as all moneys, funds, notes and accounts belonging to these grantors or to Miller Brothers, and to collect and use the same in carrying out the purposes and uses of said Trust; and the execution of this Deed of Trust shall operate as an assignment of all of the said above described choses in action, judgments, claims, demands, moneys, funds, notes and accounts to the said Trustees.
And said Trustees are authorized to pay all lawful notes, claims, choses in action, final judgments and liens of record against either Joseph C. Miller, Zack T. Miller, George L. Miller or Miller Brothers, which may have been contracted prior to the date of the execution of this Trust Deed, out of any funds coming into their hands under this Trust; the said Trustees shall in no wise by accepting said Trust, and the duties herein imposed, be personally obligated and bound to pay any of said notes, accounts, indebtednesses, judgments, liens, or choses in action; and said Trustees are authorized and empowered, in their discretion, to sell and convey any of the property conveyed to them by this Deed of Trust or accumulated and acquired by them under the powers and duties herein imposed and use the proceeds in payment of said obligations above described and in the purchase or acquisition of any other real estate and personal property in such manner and for such purposes as they may deem wise and beneficial in carrying on the business of said Trust; and to pay to the shareholders from time to time, such part of the proceeds of said sales or of the net profits arising from the operation of said trust as said Trustees may deem advisable.
To borrow money for their use as Trustees in carrying on the objects and purposes of this Trust; to execute notes theref or, and to obligate by mortgage any or all of the real estate and other properties held by them in trust, as security therefor; provided said Trustees have no power to bind the shareholders personally, and each contract entered into by them shall contain a recitation to the effect that said contract shall not operate to bind personally any of the shareholders, and the person, partnership, stock company or corporation contracting with said Trustees will look alone to the funds and properties of the trust for the payment of such contract, indebtedness, mortgage, judgment or decree or any money that may otherwise become due by reason of the failure on the part of said Trustees to perform said contract in whole or in part, and neither the Trustees nor the shareholders, present or future shall be personally liable therefor; to prosecute and defend in their own name any suit in law or equity affecting any of the properties, contracts, rights and powers held by them under this Trust.
In selling and disposing of any of the real estate or other property held by said Trustees as herein provided and authorized, they are empowered and authorized to execute conveyances, assignments, deeds, or bills of sale in their own name as Trustees, and acknowledge the same, and every such assignment, conveyance, deed or bill of sale executed by said Trustees and duly acknowledged by them in accordance with the form required for an acknowledgement to a warranty deed, shall operate to vest in the grantee, assignee, or purchaser the full legal and equitable title in and to the property described in such instrument; and it shall at no time be necessary for the shareholders to authorize or to join in the execution of any such assignment, conveyance, deed or bill of sale, and in mortgaging 'any of the assets or properties in their hands, the said Trustee shall execute and acknowledge such mortgage in their own name as Trustees, in the form hereinafter given and it shall thereupon operate as a legal and valid mortgage of the property therein described.
The official legal name of the trusteeship created by this deed of Trust shall be “Miller Brothers' 101 Ranch Trust." All titles to property, both real and personal, of whatever kind and nature conveyed by this deed of trust or hereinafter acquired thereunder shall be held and taken in the following name: “W. A. Brooks and J. E. Carson, Trustees, Miller Brothers 101 Ranch Trust," and all conveyances or transfers of the property held in trust by said Trustees shall be executed by “W. A. Brooks and J. E. Carson, Trustees, Miller Brothers' 101 Ranch Trust"; provided, that at all times titles shall be taken and given in the name of the then existing trustees.
The Trustees are hereby authorized and empowered, in their discretion and judgment, to make reasonable donations of money or property for benevolent, charitable and religious uses and purposes.
Said Trustees are authorized and empowered to appoint agents, and attorneys in fact, and they may by proper power of attorney in writing, authorize such agents and attorneys to execute contracts and instruments in the name of said Trustees in the management and business of this trust, and to carry on for them as their agents and attorneys in fact, all of the business incidental to this trust estate.
The period of this trust shall not extend beyond the term of the Twenty (20) years from the date of this trust deed and within that period the said Trustees or their successors shall sell, either at private or public sale, on such terms as they deem proper, all of the property then held by them in trust as herein provided and after paying all outstanding obligations against the trust, distribute the proceeds therefrom and also funds from any source, to the shareholders as their interest appears.
The Trustees shall pay all taxes out of the proceeds of any funds coming into their hands as such trustees, and shall have power and authority to contest in the courts or other tribunals, in their own names, the amount or validity of any assessment for taxation made against them or any of the assets in their hands.
Either of said Trustees or his successor in trust, may resign by executing a written declaration or resignation setting forth a conveyance to the other trustee of all of his right, title and interest held as trustee in the property held by him and his associate trustee, in trust, as herein provided; such resignation and conveyance shall be duly executed and acknowledged and filed for record in the office of the Register of Deeds in the counties in which said trustees hold property in trust as herein provided.
Any vacancy in the number of trustees may be filled by the remaining trustee until the next annual meeting of the shareholders or special meeting called for the purpose of filling such vacancy; the other trustee from time to time shall have all the title and powers of the original trustees. Upon resignation, decease, incompetency or removal or vacancy for any cause, the title of the outgoing trustee shall vest in the remaining trustee, and upon the filling of any vacancy by the remaining trustee or the shareholders as aforesaid, the title of the whole trust property shall vest in the new Board of Trustees, jointly with all the powers herein mentioned. Neither of the trustees, nor successors shall be required to give bond except upon demand of shareholders owning as much as one-half of the shares, which demand may be made at any time during the life of this trust, the amount of such bond to be fixed by the shareholders owning a majority of the shares. The premium and cost of such bond or bonds shall be paid by the trustees out of the trust fund in their hands. Each trustee shall be liable only for his own acts, and then only for a willful breach of trust. Neither shall the shareholders at any time become liable for any debt, obligation or act of the Trustees.
If at any time, in the judgment of the two existing trustees, it is deemed advisable and for the best interest of the trust estate, that the trust herein created be managed and operated by a trust company engaged in the general business of acting as trustee, then the two existing trustees are empowered and authorized to convey to any reliable, established trust company, all of their right, title and interest in and to the property and estate described and created in this Trust Deed. Such conveyance by the existing trustees to a trust company shall not become absolute and effective until said trust company shall, by its written instrument properly executed and acknowledged, accept the title to all of the property and trust estate herein defined and described, and agree to act as the trustee thereof and in accordance with all of the powers, duties, conditions and terms of this Trust Deed, specific reference to which shall be made in the instrument conveying title to said trust company and in the instrument by said trust company agreeing to accept title as trustee, and act as trustee of this trust under the terms, conditions, obligations and powers set forth in this Trust deed. It shall not be necessary for the shareholders to authorize or join in the execution of such conveyance by the Trustees to a trust company as aforesaid. Should a conveyance be made by the Trustees to a trust company as above set out, the instrument conveying title to said trust company and the instrument of said trust company accepting title as trustee under this Trust Deed, shall be recorded in all counties wherein any property described in this Trust Deed or then held by said trustees, may be situated.
Regular meetings of the shareholders shall be held on the third Monday of January of each year in the office of the trustees in Ponca City, Oklahoma, at which regular meeting the trustees shall make a report showing the condition of the business in their hands under this trust. The trustees or the holders of the majority of the shares may, at any time, on giving five (5) days written notice to the shareholders and Trustees, call a special meeting of the shareholders to be held at the office of the Trustees in Ponca City, Oklahoma, and such notice may be given by mail or telegraph. Shareholders may at any regular or special meeting vote by proxy. At any annual or special meeting of the shareholders called for that purpose, the holders of a majority of the shares may fill any vacancy existing in the number of trustees. Each share shall represent one vote and a majority interest in the shares shall constitute a quorum at a regular or special meeting.
The Trustees shall keep, or cause to be kept books showing the financial condition of the property and affairs in their hands and the state of the trust and how it is being administered; and they shall also keep a book to be known as “Shareholders' Record Book," in which shall be transcribed the proceedings of any meeting of the shareholders, regular or special; and they shall also keep a separate book entitled "Shareholders' Certificates," which shall contain certificates and stubs, upon the latter of which shall be entered the number of the certificates, the name of the holder, the date of its issuance and the number of shares represented by the certificate issued.
There shall be issued by said Trustees, One Hundred Thousand (100,000) shares, no more or no less. The share certificate shall recite that the holder thereof is the owner of a certain number of shares in “Miller Brothers' 101 Ranch Trust"; and said trustees certificates shall be substantially in the following form

Whereas, there has been conveyed to us in trust by Joseph C. Miller, Zack T. Miller, George L. Miller, and Miller Brothers, on the 12th day of September, 1921, certain real estate and personal property described in a certain deed of trust on record in the office of the County Clerk of Kay County, Oklahoma, in record book, Vol. _____, Page_______ to which reference is here made:
NOW, THEREFORE, this is to certify that ___________________ is one of the shareholders under the provision of said deed of trust, and that the aforesaid shareholder is the owner of ___ shares, there being in all One Hundred Thousand (100,000) shares.
WITNESS our hands and signatures this ________ day of _________ 192____.
______________________
______________________
Trustees.

The form for use in transferring shares shall be substantially as follows:

FOR VALUE RECEIVED, I, the within named shareholder, do hereby transfer to_____________________________, ______shares in the Miller Brothers 101 Ranch Trust, mentioned in the within certificate, and hereby irrevocably constitute and appoint__________________________________my attorney in fact to transfer said shares on the books of the Trustees.
WITNESS my hand this_______day of____________, 192____.
WITNESS______________________    _______________________

Certificates shall be executed and delivered by said Trustees showing the issuance and distribution of said One Hundred Thousand (100,000) shares provided for in the immediately preceding paragraph in exchange for all of the property acquired by this deed of trust to the following shareholders in the amount set opposite their names, to-wit:

Joseph C. Miller	33,333 Shares
Zack T. Miller	33,333 Shares
George L. Miller	33,334 Shares

Said certificates shall be transferable only upon the books of the Trustees upon surrender thereof; and by the term “Shareholder" as used herein, is meant the holder of record of a share certificate, as hereinbefore described herein. Upon the proper transfer showing share certificate and the surrender thereof, the Trustees shall issue a new certificate to the assignee, but neither the legal shareholders nor their successors shall have any legal or equitable title in or to any of the property herein described or hereafter accumulated by said trustee under and by the authority hereby granted.
Said Trustees shall have and exercise all the powers herein expressly authorized and granted by this trust and such other additional powers necessary to the full and complete exercise of the rights, powers and authority expressly conveyed upon them, it being the intention of the parties signatory thereto to divest themselves of all right, title and interest, legal and equitable, and to any of said property herein described, and to vest the legal and equitable title in said Trustees and their successors for the uses and purposes herein set forth and with the powers and authorities herein granted.
Said Trustees shall have for their services the sum of Twenty-five Hundred Dollars ($2500.00) per annum, but the shareholders, at any annual or special meeting called for that purpose, may by vote of those owning a majority of the shares, consent to a change in the compensation of said Trustees or any of them.
Said Trustees shall signify their acceptance of the trust herein granted by endorsing on this Deed of Trust, their written acceptance and signing and acknowledging the same.
IN WITNESS WHEREOF, we have hereto set our hands and seals this 12th day of September, 1921.

JOSEPH C. MILLER, ZACK T. MILLER, GEORGE L. MILLER, MILLER BROTHERS, By GEORGE L. MILLER, Member of Firm.

Before me, the undersigned, a Notary Public, in and for said County and State, on this 12th day of September, 1921, personally appeared Joseph C. Miller, a single man, Zack T. Miller, a single man, and George L. Miller, a single man, to me known to be the identical persons who executed the within and foregoing instrument and acknowledged to me they executed the same as their free and voluntary act and deed for the uses and purposes therein set forth.
(SEAL) MARGARET M. TIERNEY,
My Commission Expires March 29, 1925. Notary Public.

We, W. A. Brooks, and J. E. Carson, hereby accept the trust hereinabove provided for and agree to faithfully discharge the duties thereof to the best of our ability.

W. A. Brooks, J. E. Carson.

Before me, the undersigned, a Notary Public, in and for said County and State, on this 12th day of September, 1921, personally appeared W. A. Brooks and J. E. Carson, to me known to be the identical persons who executed the within and foregoing instrument and acknowledged to me that they executed the same as their free and voluntary act and deed for the uses and purposes therein set forth.
(SEAL) MARGARET M. TIERNEY,
My Commission Expires March 29, 1925. Notary Public.