8. Taxable Year - Income of Beneficiary to be Based
on Rate of Return of Pool.
The taxable year of the Pool
shall be the fiscal year ending October 31. To each beneficiary
entitled to income of any taxable year of the Pool,
the Trustee of the Pool shall pay such income in the amount
determined by the rate of return earned by the Pool for such
year with respect to the beneficiary's income interest, payment
to be made at least once in the taxable year in which the
income is earned. Until the Trustee determines that payments
shall be made more or less frequently or at other times it
shall make income payments to the beneficiary or beneficiaries
entitled thereto in four quarterly payments on or about March 15,
June 15, September 15 and December 15 of each year. An adjusting
payment, if necessary, will be made during the taxable year or
within the first 65 days following its close to bring the total
payment to the actual income to which the beneficiary or beneficiaries
were entitled for that year.
