159 N.Y.S. 814 | N.Y. App. Div. | 1916
This submitted controversy presents the sole question whether the plaintiff as executor can convey marketable title of certain realty.
The power of sale must be sought in the 5th clause of the will, which reads: “Realizing that the present income from the investments and securities is extremely small and that even this must be constantly diminished by taxes on real estate,
The will is the work of one who disregarded technical words. It is unconventional in form, original and quaint in composition. Therefore, we need not pause to inquire whether in nicety the testator weighed the words “ I desire ” with such words as “ I will” or “I direct,” and used the former phrase but to express advice. The scheme of the will with respect to a sale of the realty is plain. After bequest of all “personal effects, such as household goods,” the income and interest of the principal is given to Mrs. Turrill. The testator directs that the “principal” “ consists of real estate, bonds and mortgages and bank deposits.” Mrs. Turrill is made one of the executors. And so the testator provides: “ Sales and reinvestments in the discretion of Mrs. Turrill after her demise, of the other executors.” In another part of the will it is provided as to the principal: “For reinvestment, it is subject to the discretion of Mrs. Turrill but with the understanding that these shall be in safe bond and mortgage securities interest bearing.”
I think that the testator considered that as the income payable to Mrs. Turrill was extremely small and was subject to diminution by the payment of taxes upon the realty, she
In accord with the terms of submission, there must be judgment for the plaintiff that the defendant perform said agreement and pay to the plaintiff $1,900, with interest from March 10, 1916, but without costs of this action.
Thomas, Carr, Rich and Putnam, JJ., concurred.
Judgment for plaintiff in accord with the terms of the submission, without costs of this action.