MATTER OF JAMES


14 Misc.2d 600 (1958)

In the Matter of the Accounting of City Bank Farmers Trust Co., as Trustee of Gertrude F. James, Deceased.

Supreme Court, Special Term, New York County.

November 13, 1958.


Attorney(s) appearing for the Case

Angulo, Cooney, Marsh & Ouchterloney for petitioner.


JACOB MARKOWITZ, J.

A question of judicial construction has been submitted to the court as a preliminary issue.

The provision of paragraph 10 of the trust agreement giving the trustee "full authority in its discretion * * * to hold, invest and reinvest the trust fund * * * in such Government, State and Municipal Bonds of any government, state or municipality, that shall not have defaulted in payment...

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