Kay v. Bostwick

This suit was brought by trustees under a trust deed, to save to the trust payments voted by former trustees to themselves as compensation for services as trustees, in addition to the compensation for services awarded to such trustees in arbitration proceedings. The chancellor *309decreed for the defendant ex trustees, and the current trustees appealed.

It appears that an express trust was created by deed dated November 10, 1915, covering extensive hotel properties, the original trustees to serve until their successors should be chosen in January, 1919, which chosen trustees were to serve for…