Watson v. Equitable Mortgage Co.

Peter McMiclde executed a deed conveying certain property to “Bufus H. Watson, Jr., for the use, benefit, and advantage, in trust for Mary M. Watson for life, . . for her sole and separate use and on her decease to her child or children • as she may leave in life.” In the deed there was a power given the trustee to sell the property for reinvestment upon the written consent of the said Mary M. Watson. The trustee made application to the judge of the superior court, in behalf of Mary M. Watson and .her children, for leave to mortgage the property so conveyed. The judge granted an order…