In re the Estate of Daintrey

Foley, S.:

In this accounting proceeding the court is asked to construe the legal effect of the following provisions of the codicils to the will of the testatrix.

First codicil. “ * * * I devise and bequeath said rest, 'residue and .remainder to the man or woman holding the office of President of the Theosophical Society, to be used for the purposes of that Society. I add a request or suggestion to that person proposing that such remainder, having been wholly converted into cash, shall buy United States Bonds bearing four and one half per cent interest, and that each year three quarters of that…