Gibault Home for Boys v. Terre Haute First National Bank

Among the items in the will of James McGregor, probated in 1913, was one which established a trust fund, one-fourth the net income of which was to be paid to the school or schools permanently located and maintained in Vigo County, Indiana, not supported by public taxes or revenues as a part of the school system of this state. The item further provides:

“In the event there be more than one of such schools or institutions of learning said Trustee may in its discretion devote all of said one-fourth to one of said schools, or institutions or may divide the same between several schools or…