Townsend v. Grace

This proceeding was instituted for the purpose of obtaining a construction by the Court of the will of John \V. Grace. The testator died May 26th, 1919. The executors paid the legacies amounting to $70,000 and turned over to the trustees designated in the will on November 3, 1919, the rest and residue of the estate of the then market value of $524,956.03. The trustees are directed to pay to certain named persons for life out of the income certain specified sums, which the testator calls annuities. Ultimately they are to pay and deliver to the Johns Hopkins Hospital a fund to be known as “the…