BAIRD v. PEOPLES BANK & TRUST CO. OF WESTFIELD

No. 2.

31 F.Supp. 622 (1940)

BAIRD et al. v. PEOPLES BANK & TRUST CO. OF WESTFIELD et al.

District Court, D. New Jersey.

February 23, 1940.


Attorney(s) appearing for the Case

McDermott, Enright & Carpenter (by James D. Carpenter), of Jersey City, N. J., for plaintiffs.

Pitney, Hardin & Skinner, (by Charles R. Hardin), of Newark, N. J., for defendants.


FAKE, District Judge.

It appears from the record before the Court that Robert Rees Sinclair departed this life leaving a last will and testament which was duly probated and under the terms thereof, the defendants became trustees of the residuary estate aggregating upwards of $874,000. They were authorized "to hold, manage and invest and re-invest the same in lawful securities and to pay over the income and principal thereof" as in said will directed.

The plaintiffs...

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