Passaic National Bank & Trust Co. v. East Ridgelawn Cemetery

The opinion of the court was delivered by

Heher, J.

On July 18th, 1933, a final decree was entered in this cause on the advice of the late Vice-Chancellor Backes, adjudging that under the provisions of a declaration of trust made by complainant and a conveyance of lands for cemetery uses to the East Eidgelawn Cemetery pursuant thereto, there was “payable” to complainant by the cemetery association, out of moneys received from the sale of the association’s lands for burial purposes, “for the account of the dividend fund” set up in the declaration of trust, the sum of $205,973.63, and tile…