Ajax Electrothermic Corp. v. First Nat. Bank of Princeton

The opinion of the court was delivered by

Vanderbilt, C. J.

This is an action for the acceleration and termination of a trust set up in the will of Edwin Fitch Northrup, who died on April 29, 1940. From a judgment of the Chancery Division of the Superior Court dismissing the complaint the plaintiffs took an appeal which we have certified on our own motion.

The determination of the appeal depends upon the intent of the testator as expressed in his will and it is therefore necessary to quote from it at some length:

“Eighth : All the rest, residue and remainder of my property whether real, personal…