Broadway National Bank v. Adams

The object of this bill in equity is to reach and apply in payment of the plaintiff’s debt due from the defendant Adams the income of a trust fund created for his benefit by the will of his brother. The eleventh article of the will is as follows : “I give the sum of seventy-five thousand dollars to my said executors and the survivors or survivor of them, in trust to invest the same in such manner as to them may seem prudent, and to pay the net income thereof, semiannually, to my said brother Charles W. Adams; during his natural life, such payments to be made to him personally when convenient,…