Chemical Bank and Trust Co. v. Barnett

Julia Barnett Rice, deceased, by article ninth of her will said:

"I hereby give and bequeath to the following named persons during their respective natural lives, the following annuities, which shall begin from the date of my death and shall be paid in equal monthly installments, the first of which installments is to be payable thirty days after my death, to wit;"

Then follows the names of fifteen annuitants, a brother, a sister, nephews, nieces and friends, and the amounts to each, a total of $10,000. At the end of the list is added:

"And for the purpose of securing such annuities, I direct my…