Reinhardt v. National State Bank

The late Eliza O.D. Reinhardt, by her last will and testament, directed that her estate should remain intact during the lifetime of her husband and that the net income should be paid to him. To her executors she gave "power to reinvest, in a safe and proper manner, in bonds and mortgages, or reliable bonds and stocks." One of the executors, who is the complainant in this cause, asks the court to construe the will and determine whether he and his co-executor have authority to invest in shares of the capital stock of corporations.

At an early day, 1831, Chancellor Vroom considered at length the…