What does it mean?

1.2.19 from time to time to settle any property real or personal upon a trustee or trustees selected by the Directors for the benefit of any person or persons selected by the Directors upon such trusts as the Directors shall determine and for the purpose to execute all such deeds or settlement, assurances, transfers and other documents and do such things as the Directors shall determine;

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Constitution of xxx company

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Hi. What does the bold part mean?

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Thank you.