In re the Construction of the Last Will & Testament of Mersereau

Slater, S.

Upon this accounting the Brooklyn Trust Company, as trustee of two trusts constituting the residuary estate, has asked for a construction of the 10th paragraph of the will, which is as follows: “I hereby empower my said Trustee by and with the written consent of any one of my said Executors, if in their judgment it be for the best interest and conservation of my said Estate, from time to time to sell or otherwise dispose of any of the principal or corpus of my said Trust Estate and to reinvest the proceeds of such sale or disposition in other income bearing securities as they may…