Instrument of Perpetual Annuity

WHEREAS, on this fourteenth day of March, in the year of our Lord eighteen hundred and ninety-three, Vanderwyck & Sons Trust, a body corporate organised under the laws of the State of New York (hereinafter "the Trust"), did establish a perpetual fund for the benefit of any bearer who, at a date to be specified herein, should hold the proper instrument;

AND WHEREAS the said Trust did intend that the form of such instrument might evolve as commerce evolved, the language of these articles being drawn with deliberate breadth so as to embrace the bearer's chosen tender, whether of paper, of metal, of script, or of such later contrivance as the world might yet devise;

NOW THEREFORE, these articles bind the Trust in perpetuity, irrevocable by any party including the original settlor, his heirs, his assigns, and the Trust itself.

THE TRUST. Vanderwyck & Sons Trust, with offices formerly at 47 Broad Street, in the County of New York. Records of the Trust are presumed lost in the fire of 1908; this instrument is the sole surviving evidence of its operation.

THE BEARER. Any person, firm, corporation, or unincorporated association that holds, at the moment of fulfilment, an instrument of the form described in Article III hereof. The Trust shall make no enquiry as to the identity, residence, or motives of any bearer.

The instrument shall be such as the bearer may obtain through the customary channels of his time. In the year of these articles, that channel was the engraved certificate. In later years, it was the printed share. In the year of fulfilment, it shall be:

The Trust holds that the substance of an instrument is its bearership, not its medium. So long as the bearer can prove possession, the form is immaterial.

The bearer shall be entitled to the benefits enumerated in Article V upon satisfaction of the following:

1. Possession. The instrument shall be in the bearer's wallet at the moment the Window closes.
2. Quietude. No claim need be made. No form filed. No officer notified.
3. Patience. Payment shall issue in such tender as the Trust shall, from time to time, deem proper.

The bearer shall be entitled, in perpetuity, to:

1. One (1) annuity, payable in such tender as the Trust may from time to time deem proper.
2. A name entry, recorded in the ledger maintained by the Trust, surviving the bearer and bearer's posterity, transferable by the simple act of letting another come into possession.
3. Such other consideration as the Trust may, in its discretion, find fitting; the Trust being unbound by any specification herein, save the duty of good faith.

The Trust makes no promise as to amount. The Trust makes only the promise to honour.

The bearer takes the instrument as it is, with no recourse to the Trust, to its officers, to the original settlor, or to any heir thereof. The Trust gives no warranty of profit, of present value, of future value, or of value at all.

The bearer is not a party to a security. The bearer is not advised by counsel. The bearer is, by holding, presumed to have read these articles and to have found them satisfactory.

The Window opens upon the issuance of the instrument and closes upon the moment specified in the chronometer above. After the Window closes, no further bearer may join the schedule. Bearers extant at that moment are entitled in perpetuity, regardless of subsequent transfer.

A latecomer is welcomed until the bell. After the bell, no welcome.

The Trust does, by these presents, irrevocably affix its seal and the hand of its authorised officer, in witness of the foregoing.