Ray v. Frick Co.

57 S.E.2d 890, 133 W. Va. 715, 1950 W. Va. LEXIS 94
CourtWest Virginia Supreme Court
DecidedFebruary 28, 1950
Docket10212
StatusPublished
Cited by2 cases

This text of 57 S.E.2d 890 (Ray v. Frick Co.) is published on Counsel Stack Legal Research, covering West Virginia Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ray v. Frick Co., 57 S.E.2d 890, 133 W. Va. 715, 1950 W. Va. LEXIS 94 (W. Va. 1950).

Opinions

Given, Judge:

This unlawful entry and detainer action was instituted in thu Circuit Court of Kanawha County for the recovery [716]*716of possession and damages for the detention of the western portion of a one-story brick building situated on Virginia Street in Charleston. John C. Huddleston, the owner in fee simple on October 1, 1941, executed a conveyance of the property unto Walter C. Price, Jr., Trustee, which instrument was recorded in the office of the Clerk of the County Court of Kanawha County on November 16, 1942. The wife of John C. Huddleston joined in the conveyance.

On November 24, 1947, the grantor, John C. Huddleston, executed a lease upon the property “for the term of two years from and after the 1st day of January, 1948” to the defendant, Frick Company, who took possession of the property under the lease and retained possession until the end of the two years. On April 5,1948, Huddleston died and the trustee, pursuant to the provisions of the deed of October 1, 1941, conveyed the property to the plaintiff, Marion L. Ray, Trustee for John Lakin Ray and Olivia Lakin Ray, for a sum greater than the aggregate of the several sums secured, and all beneficiaries named in the trust instrument were paid in full by the trustee. During his lifetime John C. Huddleston retained complete management and control over the property.

After the sale by the trustee the purchaser, plaintiff below, gave notice to the defendant to vacate the premises, in possession having been refused this action was instiT tuted. The question of possession is now moot, the lease having expired by its own terms, but the question as to recovery of damages sued for remains to be decided, the decision of which depends upon the validity of the lease executed by Huddleston to Frick Company. The action was submitted in the lower court upon an agreed statement of facts and that court held that the lease to Frick Company was valid for the full term of two years. Inasmuch as a construction of the deed of trust instrument from Huddleston is necessary we set out the pertinent parts thereof, as follows:

“This deed, made this 1st day of October, 1941, by and between John C. Huddleston and Pearle Fox Huddleston, [717]*717his wife, parties of -the first part, and Walter C. Price, Jr., Trustee, party of the second part;

“Whereas, the said John C. Huddleston was the husband of Osa Fisher Bonham Huddleston, who departed this life on November 21,1937, and left a holographic will by which she devised all of the property owned by her, including the real estate hereinafter mentioned and described, to said John C. Huddleston, which said will was duly probated in Kanawha County, West Virginia, * * * in Will Book_at Page_; and,
“Whereas, the said John C. Huddleston wishes to make it certain that the said request will be carried out, and executes this deed for that purpose; and * * (Here follows the recital of consideration, the granting clause and description; then)
“The foregoing property shall be held and disposed of by the Trustee, his successors and assigns, upon the following trusts, namely:
“First: To invest, re-invest, and from time to time change the investment of said trust estate, and to receive the rents, issues, profits and income therefrom derived, and to pay therefrom the expenses of investment, taxes, assessments, insurance, and all other necessary and proper charges and expenses incident to the performance of the trusts hereby created, and to pay out the net balance of said income to or for the benefit of said John C. Huddles-ton so long as the said John C. Huddleston shall live.
“Second: Upon the death of the said John C. Huddles-ton, to sell all of the said trust estate, and to pay over the proceeds of said sale to the following persons: (here naming the beneficiaries and designating the amounts each were to receive; then)
“To the personal representatives of John C. Huddleston, or to such person or persons as the said John C. Huddles-ton shall designate in his last will and testament, the balance remaining of the said net proceeds of sale after the foregoing amount have been paid.
[718]*718“The Trustees shall not be liable for any loss or depreciation in the value of the trust estate occurring by reason of error of judgment in making any sale or investment or re-investment, or in continuing to hold in trust any property herewith or hereafter transferred to the Trustee or any investment or re-investment hereafter made, unless he shall have failed to act in good faith or with reasonable care, and the Trustee shall not be required to furnish any bond or security for the performance of his duties hereunder.
“The Trustee shall make sale of the property comprising the trust estate at private sale or at public sale, and with or without notice, and otherwise in such manner as the Trustee may in his discretion deem proper. The Trustee is authorized to make, acknowledge and deliver any and all deeds, conveyances, or other instruments necessary or proper for the accomplishment of the powers given to the Trustee hereby, and no purchaser of any of the trust property shall be obliged to see to the application of any money or proceeds of sale. The Trustee shall be entitled to receive as compensation for his services in the administration of the trust commissions as prescribed by the laws of West Virginia.
“Anything herein contained to the contrary notwithstanding, the said John C. Huddleston reserves the exclusive right during his lifetime to use, lease, develop, manage, improve or operate all of the property comprising the trust estate, and the Trustee shall not during the lifetime of the said John C. Huddleston take possession of the property comprising the trust estate, nor be responsible,in any manner for the said property or for the income produced therefrom; provided, however, that the said John C. Hud-dleston may at any time, in writing, surrender to the Trustee the rights which are reserved to him in this paragraph, and thereupon the rights reserved to the said John C. Huddleston in this paragraph shall cease and the Trustee shall take possession of the property comprising the trust estate, and thereafter the Trustee shall have the exclusive [719]*719right to use, lease, develop, manage, improve, operate, hypothecate, mortgage, release, sell or exchange all or any part of the trust estate as hereinbefore provided.
“As long as the said John C. Huddleston exercises the exclusive right to manage the property comprising the estate, the said John C. Huddleston shall keep the said property properly insured and shall pay all the taxes thereon.
“Anything herein contained to the contrary notwithstanding, the said John C. Huddleston reserves the exclusive right during his lifetime to sell, grant and convey all of the property comprising the trust estate upon the following terms and conditions, and the Trustee is hereby authorized to execute proper releases of this trust indenture upon the performance by the said John C. Huddles-ton of one or the other of the following terms and conditions, namely:
“1. The payment out of the proceeds of sale of the amounts hereinabove provided to be paid to Robert Bon-ham, Sr., Trustee, Alexander J. Bielski, G. P.

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Related

Bell v. Loosier of Albany, Inc.
222 S.E.2d 839 (Court of Appeals of Georgia, 1975)
Ray v. Frick Co.
57 S.E.2d 890 (West Virginia Supreme Court, 1950)

Cite This Page — Counsel Stack

Bluebook (online)
57 S.E.2d 890, 133 W. Va. 715, 1950 W. Va. LEXIS 94, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ray-v-frick-co-wva-1950.