Bishop v. Kemp

OPINION OP THE COURT BY

COKE, C. J.

The petitioners-appellants, who are the trustees under a certain deed of trust, as thereafter amended, executed by Charles R. Bishop, late of Honolulu, Hawaii, and San Francisco, California, filed a bill in equity in the circuit court of the first judicial circuit praying that they might be advised in reference to their authority to invest trust funds in improved and income-producing real estate. They allege in their petition that due to the low rate of interest on investments in securities, such as bonds or other evidence of debt, and the difficulty of…