According to the trust agreement, the trustees take character, motivation and scholastic performance into account.
Union leaders said today that they were unaware of what the trust agreement called for.
Mr. Lewi, the trustees' spokesman, said the trust agreement had been "reviewed by counsel, and by the state of Connecticut, and is totally consistent with standard estate planning".
The trust agreement specifically notes that the trustees should not demand any payment until at least a year after loan recipients finish their studies.
He said the external pressure on HMG [the UK government] would be particularly acute if British Airways's anti-trust agreement with American Airlines was not approved".
The trust agreement called for shares to be voted in the same proportion as all other votes cast, which was 85percentt in support and 15percentt against.
Barbara Fox and Brad Loe of the Fox Residential Group were the listing brokers for the Allen estate, and Bruce Rabbino of Halstead Property represented the buyer, identified in city records as Park Avenue Family Trust Agreement.
Moreover, says Antonia Stolper of Shearman & Sterling, a law firm, BoNY would have to agree to any amendment to the trust agreement.Why announce a plan that seems doomed to failure?
The will stated that custody of Trouble should go to Rosenthal, Leona's brother, or to her grandson David, and the trust agreement directed them to "provide for the care, welfare and comfort of Trouble at the highest standard".
Williams' children countered that Susan Williams was "adding insult to a terrible injury" by trying to change the trust agreement and rob them of items that their father clearly intended them to have.
