Warren v. Morris

By the third clause, the testatrix gave to the trustees named in her will “ a sum of money as principal *256to be invested in such securities as they shall approve and sufficient to produce an annual income of, at least seven hundred dollars,” which was to be paid annually during their lives in certain proportions to the beneficiaries therein designated if they survived her, and upon the death of Mrs. Cecilia Smith, one of the beneficiaries, the income coming to her was to be paid to her children, Amelia Smith and Cecilia Smith during their lives in equal shares. The surplus income, if any, was…