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MATTER OF GRACE

42 Misc.2d 214 (1964)

In the Matter of The Estate of William R. Grace, Deceased.

Surrogate's Court, New York County.

February 21, 1964

Attorney(s) appearing for the Case

Bernays & Eisner (Harold D. Klipstein and Jerome Eisner of counsel), for Michael P. Grace II, individually and as executor of Joseph P. Grace, deceased. Loeb, Churchill & Lawther (Robert E. Lawther, Cecil L. Head and F. Martin Bowne of counsel), for petitioners. Joseph G. Blum, as special guardian for Victoria A. Erhart. Irving M. Luria, as special guardian for D'Oench, infants. Gillespie & O'Connor for Sisters of Our Lady of Christian Doctrine. Davies, Hardy & Schenck for Charles H. Erhart, Jr. Lowenstein, Pitcher, Hotchkiss & Parr for Mary G. Kent. Whitman, Ransom & Coulson for Lillias K. Moseley. Sage, Gray, Todd & Sims for Katherine Chapin.

JOSEPH A. COX, S.

The principal of the trust here accounted for consists of 8,566 shares of the 6% preferred stock of W. R. Grace & Co. In 1952, 40,000 shares of such preferred stock were outstanding. Other subordinate classes of preferred stock also were outstanding at that date as were 2,610,000 shares of common stock of the company. At a meeting of shareholders in 1952 it was voted to increase the voting...

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