26 N.J. Eq. 378 | New York Court of Chancery | 1875
The complainant, Dr. Crane, and the defendant, Miss Hearn, are the trustees under a trust deed executed by Mrs. Jouet and her husband, the other defendants, by which all the property of Mrs. Jouet, acquired or to be acquired, was conveyed to be held in trust for her sole use and benefit during her coverture y to secure, invest and improve the trust premises for her, and to collect and receive the annual income, dividends, interest and proceeds thereof, and to pay the same over to her, from time' to time, when and as they should be received by the trustees,, or either of them, during her coverture, for her own individual use and benefit, and upon her separate receipt, and without the sanction or concurrence of Mr. Jouet, her husband, and in the same manner and with the like effect as if she were sole; and in the event of her surviving her husband, on the further trust, forthwith to reconvey and revest the trust premises, or so much thereof as may then remain, to and in her, her heirs, executors, administrators and assigns, to and for her and their own proper use, benefit and behoof, forever; and on the further trust, that in the case Mr. Jouet should survive her, to make over and transfer, assign and deliver the trust premises, or so much thereof as may remain,