The Pa. v. Bd. of Nat'l Missions

This case has been submitted on the pleadings, a stipulation of facts and the briefs of counsel.

The bill seeks the construction of the last will and testament of Margaret S. Wallace, deceased, specifically of the "6th" clause of the will and the fourth numbered paragraph thereof, which reads as follows:

"With power in my Executor and Trustee":

"4. To invest and reinvest, alter, vary and change investments and reinvestments, at discretion, not being confined to what are known as Legal Investments; any Statute to the contrary notwithstanding."

But one word of this paragraph needs interpretation.…