In Re the Accounting of the Farmers' Loan & Trust Co.
New York Court of Appeals
Appeal from an order of the Appellate Division of the Supreme Court in the second judicial department, entered April 19, 1907, which affirmed a decree of the Suffolk County-Surrogate’s Court judicially settling the accounts of the Farmers’ Loan and Trust Company as trustee and construing the will of Israel Corse, deceased. The facts, so far as material, are stated in the opinion.
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Appeal from an order of the Appellate Division of the Supreme Court in the second judicial department, entered April 19, 1907, which affirmed a decree of the Suffolk County-Surrogate’s Court judicially settling the accounts of the Farmers’ Loan and Trust Company as trustee and construing the will of Israel Corse, deceased. The facts, so far as material, are stated in the opinion. The clear intent of the testator was that the trust should terminate at the death of the life beneficiary, Eliza L. Saunders, and that upon her death the principal of the bonds and the accrued interest thereon were…
1Opinion of the CourtHaight, J.
These, proceedings were instituted by the Farmers’ Loan and Trust Company, as trustee under the last will and testament of Israel Corse, deceased, for a judicial settlement of its accounts and for a construction of the third clause of the testator’s will. The only question brought up for review pertains to the construction to be given to the clause of the will in question. It is as follows:
“ Third. I do give and bequeath to The Farmers’ Loan and Trust Company of FTew York City, in trust nevertheless, Ten first mortgage bonds of one thousand dollars each, and which are a lien on any division…
2Cases cited2 opinions
- Lyons v. . OstranderNew York Court of Appeals · 1901
- Fowler v. . IngersollNew York Court of Appeals · 1891
3Cited by30 opinions
- In re Will of LarkinNew York Court of Appeals · 1961
- McLean v. . McLeanNew York Court of Appeals · 1913
- Pyne v. PyneCourt of Appeals for the D.C. Circuit · 1946
- Ewart v. DalbySupreme Court of Missouri · 1928
- Marsh v. . Consumers Park Brewing Co.New York Court of Appeals · 1917
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