Caine v. Payne

FAHY, Circuit Judge.

' The case is before us on appeal from an order of the United States District Court for the District of Columbia construing the will of the late David A. Gourick. The will devised and bequeathed his residuary estate to the National Savings and Trust Company in trust as follows:

“One. To hold, manage, invest and reinvest the same, to keep the same invested, with full power to change and alter investments thereof, to collect the income therefrom and to pay three-fourths of the net income thereof unto my sister, Anna S. Payne, and the remaining one-fourth of the net income…