Continental Illinois National Bank & Trust Co. of Chicago v. Art Institute of Chicago

Mr. Presiding Justice Schwartz

delivered the opinion of the court.

The Continental Illinois National Bank and Trust Company of Chicago, as executor and trustee, filed its complaint in the circuit court of Cook county, asking for construction of the will and codicil and of an inter vivos trust made by Daniel D. Van Degrift.

The principal issue involves the disposition of the residuary income derived from the inter vivos trust and the will, b.oth the Art Institute of Chicago (hereinafter called Art Institute) and the Shriners Hospitals for Crippled Children, Chicago unit (hereinafter called…