Palisades Trust, C., Co. v. Probst

This is a suit brought by complainant, as trustee, praying for construction of a trust indenture and for instructions as to the administration of the trust. The indenture was executed by William O. Allison in 1923 to the Allison Land Company for the benefit of his children and grandchildren. He died in 1924 leaving a will, by the terms of which executors were named. In 1938 the original trustee asked to be relieved of its duties, filed an accounting, which was approved, and complainant was thereupon named as substituted trustee. There is now in possession of complainant some $19,000 in cash,…