Maternity home. My trustees immediately after my death shall cause to be formed a corporation under the name of "_________ endowment fund" under and by virtue of the laws of the state of _________, the duration of such corporation to be perpetual, its principal office and place of business to be in the city of _________, county of _________ and state of _________, with a capital stock to be determined by my trustees, not to exceed, however the reasonable value of the property above devised to my trustees, at the time of such incorporation, and incorporated for the purpose of buying, owning, holding, managing, improving, mortgaging and leasing the real property above devised to my trustees, and for the purpose of conducting a maternity home for unfortunate and needy girls in the city of _________, _________ county and state of _________. My trustees shall jointly subscribe for all of the capital stock of the corporation, and shall thereupon complete the organization of such corporation and cause such action to be taken by it that it shall purchase of my trustees all of the property above devised to my trustees, and in payment for such property issue its capital stock to my trustees, jointly, and thereupon trustees shall by sufficient conveyance or conveyances grant, sell and convey to _________ endowment fund, a corporation, all of the real property above devised to trustees, and thereupon the capital stock of the corporation of _________ endowment fund shall be issued to trustees jointly in one certificate, which capital stock witnessed by the certificate shall be held in trust by trustees, and disposed of by them as directed below. Immediately upon the completion of the organization of _________ endowment fund, and the transfer to such corporation of the property devised to my trustees in this instrument, the corporation shall have the right to borrow money not to exceed $_____ upon the promissory note of the corporation, and to secure the payment of such promissory note by mortgage executed by it covering _________ in _________ city, _________ county, state of _________, the promissory note and mortgage shall contain such provisions and conditions as may be determined and agreed upon by the corporation and the person, firm or corporation from whom it may secure such loan. After securing money on the mortgage as provided above, _________ endowment fund shall proceed to purchase suitable real estate as a site for a maternity home for unfortunate and needy girls, and shall construct upon that site a suitable home for the reception, accommodation, care, treatment and comfort of unfortunate and needy girls, who may be in need of such care, and shall furnish, equip and maintain the maternity home without cost or charge to the residents of the home, but shall use the rents, issues and profits arising and issuing out of the property owned by _________ endowment fund, in maintaining, furnishing and equipping the maternity home, and in caring for and providing for its residents. However, should the corporation deem it necessary, it may provide for a sinking fund from such rents, issues and profits to pay out of such fund, when it shall have become due, the note given by the corporation as provided above. The maternity home shall be known as the _________ of _________, and the residents shall be admitted to the home irrespective of religion or nationality. The corporation by and through my trustees who shall constitute the board of directors of corporation, shall after the construction of the home, open it and conduct it for the accommodation, care and keeping of unfortunate and needy girls as a maternity home without charge to such residents. In case of the death, resignation or permanent inability of any or either of my trustees to act as such trustee or trustees, then and in that event the successor or successors of my trustees shall have the right and shall name or appoint the successor or successors of my trustees who may die, resign or be permanently disabled from the performance of the duties as my trustee under this instrument, and such successor shall have the right in the same way to appoint their successors and so it shall continue, and a majority of the trustees shall have the right to exercise full power and authority under and by virtue of the provisions of this my last will and testament.
Upon the expiration of _________ years from and after my death I direct that my trustees transfer to the different churches of the church of _________, _________, authorized and chartered by the head church of _________ known as the _________ church of _________, all of the capital stock of _________ endowment fund in equal parts, to be theirs forever, for their own respective uses and benefit and without any charge or trust reserved to my estate of any kind or nature, and thereupon my trustees and their successors shall be considered as having completed their duties under this instrument and discharged. I hope, however, this is not directory but merely a suggestion, that the maternity home constructed as provided above shall be continued by such corporation, _________ endowment fund, perpetually, and forever, but I do not make this binding upon the church of _________, or upon _________ endowment fund, a corporation, for the reason that I have implicit faith and confidence in the church of _________ and believe that they will be perpetual and I realize the inability of one now living to determine what in the future might be the greatest need and benefit to suffering humanity, and therefore I have given absolutely and without reservation all of the stock of such corporation of _________ endowment fund, to church of _________ believing that they will expend the rents, issues and profits and all the proceeds of the _________ endowment fund in a manner so as to create the greatest relief for the greatest number of suffering humanity.