MATTER OF LIFE'S FRESH AIR FUND


9 Misc.2d 1026 (1958)

In the Matter of the Intermediate Accounting of Bankers Trust Company, as Trustee of the Trust Made by Life's Fresh Air Fund.

Supreme Court, Special Term, New York County.

January 27, 1958.


Attorney(s) appearing for the Case

W. Garrett Flickinger for petitioner.

Louis J. Lefkowitz, Attorney-General, for charitable beneficiaries.


SAMUEL H. HOFSTADTER, J.

Incidental to its accounting in this proceeding, the trustee requests instructions with respect to its investment powers under the trust indenture. The investment clause reads: "The Trustee is hereby authorized and empowered from time to time to invest and reinvest the trust property, with full power of sale in connection therewith, in such securities as it may deem best, provided that...

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