ofimprovements in general terms and leaves the details of execu- 

 tion of each, within reasonable limits of cost, to be settled as the 

 work proceeds by designers and executives in whom he has 

 confidence, without requiring complete plans and specifications 

 in advance. The difference is not merely that the Managers 

 have a fiduciary obligation to take fewer chances than a man may 

 reasonably do with his own property, but also that the purposes 

 to be served are far more complicated and enduring and proposals 

 need to be scrutinized in detail from more diverse technical 

 points of view before final commitments are made. 

 Respectfully submitted, 



(Signed) Olmsted Brothers 



[40] 



