Quinn v. Peoples Trust & Savings Co.

On July 7,1936, Celia Foley duly executed a will and on February 27, 1942, added a codicil. After a few small bequests the testator disposed of the residue of her estate by Item VII, about which this litigation revolves. Item VII reads as follows:

“All the rest, residue and remainder of my property, both real and personal, wherever situated, I will, bequeath and devise to The Peoples Trust and Savings Company in Fort Wayne, Indiana, in trust, for the purposes and upon the conditions as follows, to-wit:

“1. Said Trustee shall hold all property given it and collect the income therefrom and may in…