Ballentine v. Eaton

By an instrument dated and recorded in the Barnstable registry of deeds in December, 1925, there was created for the purpose of developing and dealing in real estate an organization called Cape Cod Real Estate Trust. The defendants Eaton, Carter and Bowker were trustees of the trust. The trustees were empowered, among other things, to “improve, develop, [and] alter” the trust real estate, to make any contracts and instruments which might seem advisable for the carrying out of the purposes of the trust instrument, to employ architects and builders, fix their compensation and define their…