122 Ga. 763 | Ga. | 1905
(After stating the foregoing facts.)
It is contended, that the terms of the deed to Plant as trustee indicated an intention to postpone the enjoyment of the property by the children until after the death of Plant, and that therefore all persons answering the description of children at that time were entitled to take under such deed. In 1 Ball and Beatty, 459, Downes, C. J., said that the doctrine in Wild’s case and the decisions founded upon it establish these propositions: “Where the devise is in terms immediate, and so intended by the testator, and the description of the persons‘to take is general, there none that do not fall within the description at the time of the testator’s death can take; therefore the after-born muse be excluded. But where the enjoyment of the thing devised is, by the testator’s expressed intent, not to be immediate by those among whom it is finally to be divided, but is postponed to a particular period, or until a particular event shall happen, then those who answer the general description at that period, or when the event happens on which the distribution is to be made, are entitled to take.” The original report is not before the writer, but the above, quotation is taken from a note to Wild’s case in the edition of Thomas and Fraser of Coke’s Reports, vol. 3, p. 290; also copied in Goodrich v. Pearce, 83 Ga. 784. The clauses in the deed relied on to sustain this contention are as follows: “ Provided always the said Robert H. Plant, as trustee as aforesaid, shall have full power and authority during his lifetime to mortgage said property, and to use, control, and dispose of the rents, issues, and profits of the said property as he may see fit, without accountability to the said cestui que trusts, or either of them, or to any successor in said trust, as to said rents, issues, and profits of said property. The said Robert H. Plant, as trustee as aforesaid, shall have full power and authority to sell, mortgage, or encumber any or all of said property at his discretion; and the proceeds in his discretion to reinvest in other' property to like uses and trusts; but in no case shall it be necessary to obtain any order or decree of any court for such sale, mortgage, or other encumbrance, and any sale of said property, or any part thereof, shall be in public or private, and upon such terms as the said trustee may think best.”
Judgment affirmed.