Montclair Trust Co. v. Reynolds

Complainant, Montclair Trust Company, entered into a trust agreement dated January 27th, 1925, with Thomas B. Reynolds and Emma S. Reynolds (husband and wife), whereby Thomas B. Reynolds and Emma S. Reynolds conveyed to the Montclair Trust Company their interest in property in the City of Dayton, Ohio, the rentals therefrom to be held and distributed in accordance with the terms and conditions of said trust agreement. The agreement provides as follows:

"I. To receive and pay over the said rentals as and when the same may be received, to said Emma S. Reynolds during her life and upon the death…