People v. Illinois Merchants Trust Co.

Paragraph 11 of the will of Annie E. Wisner, deceased, directed her executor to cause to be incorporated the Albert Wisner Memorial Library under the laws of the State of New York for the construction and equipment of a public library at Warwick, New York, to be known as the Albert Wisner Memorial Library, as a memorial to her husband. One hundred thousand dollars was given and bequeathed to the corporation, out of which not to exceed $50,000 was to be expended for the construction and equipment of the library building. The difference between $100,000 and the cost of the building and…