3.



in any event and without regard to any other bequests made
in this will, to dispose of by will such portion of my es-
tate as does not exceed in value Fifty Thousand Dollars
($50,000) and no more.

     If myTwife, Mary L. Ellis, should dispose of such
portion of my estate by will, I direct my Trustee herein
to pay all inheritance and estate taxes which may be due
on account of the bequests and devises made by her in her
will so that the beneficiaries of her will will not be re-
quired to pay such inheritance and estate taxes.

     Item 5.   I hereby will, bequeath and devise to my
friend, John G. Stoll, the sum of Fifty Thousand ($50,000)
Dollars.   The said bequest shall be paid in cash, or the
said Johnion Stoll shall have the right, at his option to
select such securities from my estate as he may desire of
the then market value of Fifty Thousand ($50,000) Dollars.
In the event of the death of John G. Stoll before my wife
shall die, then the bequest provided for in this item shall
descend to his heirs-at-law with like power of selection.

     If after my beloved wife should dispose of the portion
of my estate as provided in Item 4 hereof, there be not
enough remaining to pay the said sum of Fifty Thousand
($50,000) Dollars in full to John G. Stoll, then the re-
mainder of my estate shall be paid to him, provided, how-
ever, that the bequest to him in this item of this will
shall not exceed the said sum of Fifty Thousand ($50,000)
Dollars.

     In addition to the bequest herein made to John G.
Stoll, I direct my Trustee herein to pay all inheritance
and estate taxes which may be due on account df the be-
auest herein made to John G. Stoll so that the said John
&. Stoll will not be required to pay any inheritance or
estate taxes on account of this becuest, but that the sum
of Fifty Thousand ($50,000) Dollars shall be net to him.

     Item 6.   All of the rest and remainder of my property,
including any portion of the Fifty Thousand ($50,000) Dol-
lars of my estate which my wife shall not dispose of by
will, I direct shall be divided into two equal parts.    One
of such parts I hereby will, bequeath and devise to my
friend, John G. Stoll, to be his absolutely and in fee sim-
ple.   In the event of the death of John G. Stoll before
my wife shall die, then the bequest and devise herein re-
ferred to shall descend to his descendents in accordanoe
with the Statute of Descent and Distribution now in force
in the State of Kentucky.



The other half of the residue of my estate I will,