McLaughlin v. Industrial Trust Co.

Harrington, Chancellor:

Ellen C. Hanson, late of the city of Wilmington, died September 11, 1933, leaving a last will and testament, which was subsequently proved as such. By that instrument, she gave and devised the residue of her property to the Industrial Trust Company, in trust, for the following purposes:

“The said Trustee shall in its discretion sell my house at No. 706 Vandever Avenue, Wilmington, Delaware, or rent the said house. If and when the said Trustee sells the said house, it shall invest the proceeds of such sale and reinvest the same to the extent that the same may appear to it…