Provident Trust Co. of Philadelphia v. Graff

The Chancellor:

The trust created under the will of Mrs. Rexsamer is found expressed in item two thereof, which is as follows:

“Item 2. I give and bequeath unto ‘The Provident Life and Trust Company of Philadelphia’, a corporation of the State of Pennsylvania, the sum of -Fifty Thousand Dollars ($50,000.00), in trust, to hold, invest, call in and re-invest the same and to pay the net income arising therefrom, after the deduction of all necessary charges and expenses, unto my sister, Ida C. Addicks, for and during the term of her life, and upon the decease of my said sister to pay over and…