McFerran v. Paterson National Bank

By the will of John McFerran, the sum of ten thousand dollars ($10,000) became part of a certain trust agreement of which the bank was trustee. By the terms of the trust agreement and a supplemental agreement which became an effective part thereof, it was provided that the income from this $10,000 should be paid to complainant, a son of testator, for his life and upon his death the corpus to be distributed among several relatives. By the supplemental agreement, the direction was given to the trustee to pay such sums in addition to the income as might be sufficient to provide for the living…