James B. Duke
Nanaline H. Duke and Others, Trustees
Indenture and Deed of Trust of Personalty
The Duke Endowment
December II, 1924
THIS INDENTURE made in quadruplicate this 11th day of December, 1924, by
and between JAMES B. DUKE, residing at Duke Farms, near Somerville, in the
County of Somerset, and State of New Jersey, United States of America, party
of the first part, and NANALINE H. DUKE, of Somerville, N.]., GEORGE G.
ALLEN, of Hartsdale, N.Y., WILLIAM R. PERKINS, of Montclair, N.J., WIL-
LIAM B. BELL, of New York City, N.Y., ANTHONY J. DREXEL BIDDLE, JR.,
of New York City, N.Y., WALTER C. PARKER, of New Rochelle, N.Y., ALEX H.
SANDS, of Montclair, N.J., WILLIAM S. LEE, of Charlotte, N.C., CHARLES 1.
BURKHOLDER, of Charlotte, N.C., NORMAN A. COCKE, of Charlotte, N.C.,
EDWARD C. MARSHALL, of Charlotte, N.C. and BENNETTE E. GEER, of
Greenville, S.c., as trustees and their successors as trustees under and in accor-
dance with the terms of this Indenture, to be known as the Board of Trustees of
the Endowment, parties of the second part,
That in order to effectuate the trusts hereby created, the first party has given,
assigned, transferred and delivered, and by these presents does give, assign,
transfer and deliver, the following property, to wit:
122,647 Shares of Stock of Duke Power Company, a corporation organized
and existing under the laws of the State of New Jersey.
100,000 Ordinary Shares of the Stock of British-American Tobacco Com-
pany, Limited, a corporation organized and existing under the laws of Great
75,000 Shares of the Common "B" Stock of R. J. Reynolds Tobacco Com-
pany, a corporation organized and existing under the laws of said State of New
5,000 Shares of the Common Stock of George W. Helme Company, a corpo-
ration organized and existing under the laws of said State of New Jersey.
12,325 Shares of the Stock of Republic Cotton Mills, a corporation orga-
nized and existing under the laws of the State of South Carolina.