123 Pa. 365 | Pa. | 1889
OPINION,
If the Orphans’ Court had jurisdiction to order the sale of the property in question, the judgment of the court below must be sustained. The property was aquired by will; the petitioner is the trustee appointed by the will, with the equitable title to .the entire estate of the testator devised to him. It is alleged in the petition and is undoubtedly the fact that a sale of the particular property described would be to the advantage of the persons interested therein, and the reasons for a private sale are sufficiently set forth in the petition. The more especial purpose of the sale averred in the petition is the necessity of barring or defeating certain contingent remainders. That the * application was made by the proper person and to the right court cannot be questioned. It is alleged in the petition, and is not denied, that the property is entirely unproductive and subjects the estate of the testator to an annual expense of about $450 for taxes and interest upon a mortgage which is a lien upon it. There are certain contingent remainders create°d by the will the mere existence of which would prevent any sale of the property for an adequate price unless they can be defeated by the order of the Orphans’ Court; but, as the sixth section of the act of 1853 provides that the purchase money shall be substituted for the land and protects all interests in the land, these remainders are in no peril, but can be amply secured by orders respecting the purchase money. It appears to us there is ample ground for holding that the Orphans’ Court had jurisdiction to grant the order of sale and carry it into effect; indeed, the case seems to be one which illustrates well the wisdom of the act of 1853. Objection is made on the ground that as the sale is private and the property is subject to the lien of a first mortgage which is not divested by the sale, it renders the title unmarketable. But as the testator’s debts are payable out of
Judgment