First Texas Joint Stock Land Bank of Houston v. Webb

In 1893, on the 22d day of May, one B. F. Wilson, a citizen of the city of Nashville, state of Tennessee, executed a deed naming two of his brothers, G. W. Wilson and R. J. Wilson, citizens of Denton county, state of Texas, as the trustees, in which he attempted to create a trust for the following uses and purposes (in four tracts of land, lying in Denton county, aggregating 371 acres of land), viz.:

First. Enjoining upon the trustees the duty of taking so much of the rents and revenues derived from the lands necessary for the payment of the taxes, as may annually accrue, and the payment…