County Trust

KLEIN, A. J.,

The present account is stated to have been filed at the request of John Ormsby County, the income beneficiary, to resolve two questions which will be examined in detail hereinafter.

By indenture dated December 29, 1933, Hester Fraley County, settlor, who is living and 95 years of age, transferred to Girard Trust Company (now Girard Trust Bank), certain assets in trust and directed the trustee “to pay over the net income therefrom, but not exceeding Two Thousand Dollars ($2,000) per annum, in equal monthly installments as nearly as may be, unto John Ormsby County, son of Grantor,…