The Paterson National Bank v. Mosher

This suit for the construction of a will is brought to determine whether certain payments directed to be made are payable only out of income, or whether they are chargeable against the principal of certain assets designated in the will, so as to make up any deficit in the income. Testator died in 1914, leaving the will of which the following clauses are sought to be construed:

"Fourteenth: All the rest, residue and remainder of my estate, real, personal, or mixed, and wherever situate, I give, devise and bequeath to my Executors hereinafter named, in trust, to be held by them and their…