First National Bank v. Truesdale Hospital

Article Seventhly of the will of Earle P. Charlton, dated January 2, 1926, declared that the testator had deposited with The First National Bank of Boston a large number of shares of common stock of F. W. Woolworth Co., and directed that at the death of the testator “it shall become a permanent trust fund to provide for the following charities and be set aside by said Bank and divided up in the following separate trusts, as follows — One-quarter of the total, but in no instance to be less than Five hundred thousand dollars ($500,000), to be put aside and invested, the income from same to be…