Gerhard Estate

The facts appear from the following extracts from the adjudication of

Boland, Auditing Judge.

This trust arose under deed dated February 5, 1930, of Arthur H. Gerhard, settlor, whereby he transferred certain securities' listed in schedule A, annexed to the deed, to hold in trust and to pay the net income therefrom unto:

“Rittmeister Maurus Teuber and Dr. Hans Pirquet, or either of them, and to the survivor of them, and upon the death of both the said Rittmeister Maurus. Teuber and Dr. Hans Pirquet to such other person or persons other than the Grantor as Grantor may in writing nominate until the…