Greenwood v. Citizens Loan Trust Co., Tr.

William F. McDougal (now deceased) by his last will and testament bequeathed “one-third in value” of all his property to his daughter Daisy Mc-Dougal, “for and during her natural life and under the following conditions and restrictions, viz — The said one third interest in value shall be set off to my said daughter, Daisy McDougal, in money, stocks and bonds; then the same shall be turned over to the Citizens Loan and Trust Company of Washington, Indiana (appellee) as trustee, to be held in trust for my said daughter and the net proceeds from the income, interest and dividends thereon shall…