Banking Commission ex rel. Citizens State Bank of Wausau v. Marquardt

At the time of the death of August F. Marquardt, he owned ten shares of stock in the Citizens State Bank of Wausau, Wisconsin. By his will he gave this bank stock, with all other property remaining after certain *213legacies had been paid, to the appellants in trust with “power to grant, sell and convey any real estate of which I may die seized or in which I may have any interest. The income of such estate is to be paid to my wife, Augusta Marquardt, at stated intervals during her lifetime . . . upon her death . . . the residue shall be distributed as follows: . . . ” The quoted clause of the…