National Bank of Greece v. Savarika

148 So. 649, 167 Miss. 571, 1933 Miss. LEXIS 121
CourtMississippi Supreme Court
DecidedJune 5, 1933
DocketNo. 30652.
StatusPublished
Cited by30 cases

This text of 148 So. 649 (National Bank of Greece v. Savarika) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
National Bank of Greece v. Savarika, 148 So. 649, 167 Miss. 571, 1933 Miss. LEXIS 121 (Mich. 1933).

Opinion

*580 Anderson, J.,

delivered the opinion of the court.

A part of the estate left by Constantine Menelas at the time of his death in July, 1916, in Lincoln county, is here involved. Menelas died testate. In his will he bequeathed a certain part of his estate “To National Bank of Greece at Athens, Greece, to he kept by said bank as a permanent endowment for the benefit of a school for girls at Bougasticon, Macedonia, Greece, the interest only to be paid over to the trustees of such school.” His heirs claimed that conditions had arisen that prevented the carrying out of this bequest, and therefore *581 it had lapsed and belonged to them. The chancellor so held. From that decree appellants prosecute this appeal.

"We are of opinion that the chancellor reached the right conclusion, based on sound reasons and supported by ample authority. The chancellor embodied his decision and his reasons therefor in a written opinion made a part of the record in the case. We do not think we could do better than to adopt his opinion as the opinion of the court, which immediately follows:

‘‘ The clause of the will in controversy provides that: ‘ After all my debts have been paid, and all legitimate expenditures made, including all costs and expenses incident to winding up my estate, it is my further will and desire that the money remaining' in the hands of my Executors be transmitted by my Executors to Ralli Bros, of New York City, with directions to forward six thousand dollars, or twelve hundred pounds sterling, to my nephew, Banteli Mikas, at Athens, Greece, and the balance to forward, after deducting exchange and expenses, to National Bank of Greece, at Athens, Greece, to be kept by said bank as a permanent endowment for the benefit of a school for girls at Bougasticon, Macedonia, Greece, the interest only to be paid over to the trustees of such school. However twenty pounds of such interest per annum is to be paid to the widow of my deceased brother, Christus Mikas, each year during the balance of her life if she shall survive me. The sa'd Ralli Brothers are to forward a duly' certified copy of this will to said National Bank of Greece, in order that it may be informed as to the trust imposed, to the end that the endowment herein made may be effectually carried out. The receipt of the said Ralli Brothers to my executors for the net amount in money of my estate shall discharge them from any further obligations as executors.’
“Reduced to its substance, the expression is that the fund be forwarded to the Ralli Brothers, to be by them *582 forwarded to the National Bank of Greece, to be by it kept as an endowment for the ‘Benefit of a school for girls at Bougasticon, Macedonia, Greece, the interest only to be paid over to the trustees of such school. ’
“It appears that the Ralli Brothers declined to transmit the fund, and that it is incumbent upon this court, if the fund is to be transmitted at all, to transmit it through some other agency.
“The will — pertaining in this particular to personal property — is to be tested by the lex domicilii, or the law of the testator’s domicile, and as though the beneficiaries were resident here.
“Bougasticon, Macedonia, at the time of the execution of the will, was Turkish territory, and under the government of that empire. This may have influenced the deceased in his desire to contribute to the education of the female foreign children of his countrymen, who would otherwise perhaps have been without the advantages incident to the educational purpose and policy of the Greeks, and probably, to a large extent, with but little educational advantages at all. We may surmise that this was the occasion of his sentiment with reference to the residúum of his estate, but, in so' surmising, we derive the material for the idea, not from any express or implied meaning of the will, but solely from the probabilities of human motives, and human conduct, influenced by the associations, traditions, racial interests, relations, and religion of one’s own people.
‘ ‘ Subsequently, and for some years now, the Bougasticon territory has been restored to Greece, and the general system of national education prevailing in the republic applies to the children of Bougasticon, and other Greek children alike. And, if there ever was a school for girls in this locality, maintained in whole or in part by the deceased, during the rule of the Turks (and that appears to have been the case), it no longer exists. And in order that one, distinct and separate from other *583 schools, might he provided to give some semblance of effect to the will, it must be orignated, organized, established, endowed, and operated, by this or some other court, or by the banking institution mentioned in the instrument. And thus we are led directly to the difficulties encountered in an attempted interpretation of the will, from the standpoint of the express or implied intent of its author, and the application of the subject-matter according to some disclosed plan of his, and not of ours. These are the difficulties which have made it impossible through the years to make any definite and satisfactory disposition of the fund, and, except for an arbitrary and cy-pres selection of objects, to make any disposition at all.
“The money is to be forwarded to a bank to be kept as an endowment, from which the interest is to be paid over to the ‘trustee of such school.’ The bank thus becomes a mere depository for the funds, and an agency for the distribution of the accruing interest. And is to pay such interest over to the trustees of such school.
“What trustees? What school?
“No trustees are named, and no mode is prescribed for their selection.
“How many trustees, and from what locality?
“No power to select them is delegated to the bank. Nor to prescribe their duties, determine their qualifications, fix their compensation, and limit their tenure of service. When the interest is to be paid, and for what purpose, and the time in which the scheme is to take effect, are all omitted. The courts of this state will not permit a trust to fail merely for want of a trustee, but such courts have no power to create a trust, select the beneficiaries, appoint trustees, and prescribe the plans and details of administration. It is not within their province to make or complete a will for the testator.
“The object (and the only expressed object) being ‘A school for girls,’ we are left to conjecture as to the *584 particular kind, or type, or purpose, of the school intended. Whether for general education, or for some special branch of knowledge, is not disclosed. Whether a business school, a cooking school, a school of art, music, dancing, domestic science, sewing, or the like, is not stated. Whether the school is to be kindergarten, or other school — whether for religion, science, economics, politics, or philosophy — are all alike, uncertain.

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Bluebook (online)
148 So. 649, 167 Miss. 571, 1933 Miss. LEXIS 121, Counsel Stack Legal Research, https://law.counselstack.com/opinion/national-bank-of-greece-v-savarika-miss-1933.