MATTER OF MOORE


10 Misc.2d 928 (1957)

In the Matter of The Estate of Edward J. Moore, Deceased.

Surrogate's Court, New York County.

November 26, 1957.


Attorney(s) appearing for the Case

David T. Gibbons and Paul G. Reilly for Rose M. R. Emmanuel and another, as trustees, petitioners.

Gillespie and O'Connor for Catholic Charities of the Archdiocese of New York, respondent.

Joseph V. O'Leary for John Emmanuel and others, infants, respondents.


JOSEPH A. COX, S.

In this trustees' accounting, the court is asked to construe paragraphs Seventh and Eighth of the will insofar as they relate to the investment powers of petitioners.

Under paragraph Seventh, testator devised and bequeathed his residuary estate to his trustees in trust "to hold, invest, reinvest, change investments, keep the same invested, collect the income therefrom" and to pay the net income to the life beneficiary with remainder...

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