Tilden v. Green

7 N.Y.S. 382, 61 N.Y. Sup. Ct. 231, 27 N.Y. St. Rep. 420, 54 Hun 231, 1889 N.Y. Misc. LEXIS 1094
CourtNew York Supreme Court
DecidedNovember 7, 1889
StatusPublished
Cited by2 cases

This text of 7 N.Y.S. 382 (Tilden v. Green) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tilden v. Green, 7 N.Y.S. 382, 61 N.Y. Sup. Ct. 231, 27 N.Y. St. Rep. 420, 54 Hun 231, 1889 N.Y. Misc. LEXIS 1094 (N.Y. Super. Ct. 1889).

Opinions

Van Brunt, P, J.

This action is brought for the construction of the will of Samuel J. Tilden, who died in August, 1886, leaving the said will, which had been executed in April, 1884. Mr. Tilden left him surviving, as his only next of kin and heirs at law, one sister, two nephews,—one of whom is the plaintiff in this action,—and four nieces. By his will, after naming the executors and trustees thereunder, and making provision for their compensation, and as to the manner of the exercise of the powers to be conferred upon them, and for the appointment of the successors of such of his trustees as should die, resign, or become incapacited to act, he provides by the eighth clause thereof as follows: “Eighth. My said executors and trustees are directed to constitute the trusts for specific persons hereinafter more particularly described and defined. My said executors and trustees shall be trustees of the special trusts by them so constituted, but the said trusts shall be distinct and separate from the general trust under this instrument. In their capacity of trustees of trusts for specific persons, they shall have power to manage the several trusts; to collect the income thereof, and to apply the same as herein directed; to sell, in their discretion, the securities, and to reinvest the proceeds thereof.” Ttie testator then, by the ninth, tenth, eleventh, twelfth, thirteenth; fourteenth, fifteenth, seventeenth, eighteenth, nineteenth, twentieth, twenty-sec- and, and twenty-third clauses, creates certain special trusts for the benefit of particular individuals therein named, each of which is separate and distinct, and each independent of the other, complete in itself, and created by a separate paragraph in the will. By the twenty-fifth clause the testator provides as follows: “Twenty-Fifth. I direct my executors and trustees, in case any special trust hereby directed to be constituted shall fail, in whole or in part, by depreciation of securities, to make the same good out of my general estate, so long as the general trust to my executors and trustees shall continue; and in case the said executors and trustees shall convey any portion of that estate to a corporation designated as the ‘ Tilden Trust,’ or shall vest the same in any trust or trusts for charitable purposes, to do so on the express condition that the said conveyance shall be subject to the obligations to make good the funds devoted to the said special trusts, and shall exact from the grantee, in every such case, an acknowledgment of such obligation, and agreement to fulfill the same. This provision is made subject to the condition that the corporation shall be duly authorized by law, by a special act or otherwise, to accept the grant, subject to the obligations herein directed to be imposed upon or assumed by the said corporation. I also direct my said executors and trustees to obey such instructions as I may hereafter give to them in respect to the allotment or selection of securities for the said special trusts, or any of them.” By the twenty-sixth clause he provides as follows: “Twenty-Sixth. I hereby authorize and direct my executors and trustees, during the continuance of the trust of my general estate, to apply any surplus income to or towards the several special trusts hereby directed to be constituted, in the same manner as they might apply the principal of my said estate to the said purposes.” By the twenty-seventh and twenty-eighth clauses he gives certain annuities. By the twenty-ninth clause he gives directions as to the management of the se[385]*385curities originally purchased for, or set apart for, the special trusts; and by the thirtieth clause he also gives an annuity. By the thirty-first clause he gives certain specific legacies. By the thirty-second clause he directs his executors and trustees to apply $10,000, or such part of it as may be necessary, according to such instructions as he might thereafter give to them from time to time, in writing or verbally. By the thirty-third clause he provides as follows: “Thirty-Third,. I authorize my executors and trustees to cause the establishment of a library and free reading-room in my native town of New Lebanon, in the manner following, that is to say: They shall obtain title to the land upon which the building stands which was erected by my brother, Henry A. Tilden, and which has been occupied by a school, buying in the mortgage on the same, amounting to about $15,000, and, if necessary, obtaining releases from the heirs of my brother, Henry A. Tilden, from my sister, Mary B. Pelton, or her heirs, and from Mrs. Lucy P. Tilden. They shall vest the title in a corporation, if a charter shall be granted on their application to the legislature, or a corporation can be formed under any general law. My said executors and trustees are hereby authorized to require, if needful, proper conveyances to be executed by the heirs of the said Henry A. Tilden, by Mary B. Pelton or her heirs, and by Lucy P. Tilden, as condition precedent to the payment of the legacies herein given to them, respectively. They shall also convey to the corporation, if one be created, any interest which I may have in the said premises. My executors and trustees are authorized to expend for the creation and equipment of, and to invest as a permanent fund to maintain, the said library and reading-room, the sum of $65,000, and any further sum, not exceeding $35,000, which I may in writing instruct my said executors and trustees to apply to those objects. They are also authorized to use the said building, and endowment hereby provided, in part for a school for the training of girls, if they find the same expedient, in connection with the free library and reading-room.” By the thirty-fourth clause he provides as follows: “Thirty-Fourth. I hereby authorize my said executors and trustees to appropriate out of my estate, in such manner as they may deem most expedient, the sum of $50,000 towards the establishment of a library and free reading-room in the city of Yonkers, and such further sum, not exceeding $50,000, as I may hereafter instruct my said executors and trustees to apply to that object. My said executors and trustees are requested to apply to the legislature for a special charter to enable them to carry out this provision, or to form a corporation under any general law, which in their judgment shall be most desirable. ” By the thirty-fifth clause he provides as follows: “Thirty-Fifth. I request my said executors and trustees to obtain, as speedy as possible, from the legislature, an act of incorporation of an institution to be known as the ‘ Tilden Trust,’ with capacity to establish and maintain a free library and reading-room in the city of New York, and to promote such scientific and educational objects as my said executors and trustees may more particularly designate. Such corporation shall have not less than five trustees, with power to fill vacancies in their number; and in case said institution shall be incorporated in a form and manner satisfactory to my said executors and trustees during the life-time of the survivor of the two lives in being, upon which the trust of my general estate herein created is limited, to-wit, the lives of Ruby S.

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Bluebook (online)
7 N.Y.S. 382, 61 N.Y. Sup. Ct. 231, 27 N.Y. St. Rep. 420, 54 Hun 231, 1889 N.Y. Misc. LEXIS 1094, Counsel Stack Legal Research, https://law.counselstack.com/opinion/tilden-v-green-nysupct-1889.