Davis v. Treasurer & Receiver General

By her last will Mary E. Elliott gave to the town of Hopkinton in the State of New Hampshire the residue of her property as a perpetual fund to be invested by a board of three trustees (thereinafter named), the income to be expended under their direction and at their discretion “in conjunction with the almoners of the town, in aid of the worthy poor of American parentage, residents of the town of Hopkinton.” The testatrix died on November 23, 1908, leaving personal property within this Commonwealth which passed under this residuary clause, and the question to be decided is whether it is…