The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-02

ClineS them both, they arc DOJn 70 DC SOles
j have made a subscription OF $l5,OOO To-
wards the erection of the meeting house
aforesaid. If they proceed TO build 1t, my
executors are directed to pay this subscriPr
ton as the work progresses. The said sales
of the said properties above referred TO mag
be either at private or at public SALE as may
be deemed expedient by my executors, and
may be made upon such terms as regards the
times and modes of payment, as they may
deem judlcious; and whenever any such sale
or sales shall be made, my said executors
shall execute and deliver proper deed or
deeds in fee simple, upon ground rent, 70 the
purchaser or purchasers thereof. The pre-
ceeds of any such sale or sales shall be an
piled by my said executors to the paymeat
of my debts, if made before my debts arc
paid as mentioned in my said will, and the
balance, if any, of such purchase money re-
naming, shall be invested by my executors
under and subject to the trusts contained
and expressed in my will. HaH..
Item-I further authorize my said execu-
tors to select room in the second story Of
the Commonwealth Building, Chestnut street
above Sixth, and to furnish and use the same
as an office or offices for the transaction Of
the business of their trust Ifsaid building ~
occupied, then they may select aroom or ROOMS
elsewhere, in some of my other buildings.
Item-In case any of my executors here
matter named shall refuse or decline to act
as trustee aforesaid, or die, or become inca
pable of so acting from age, infirmity, Or
IRON any cause whatsoever, then it is my
will that all the authorities, estates, powers,
and rights confirmed upon them by virtue Of
| this will, shall rest on the surviving executor
or executors as trustee or trustees aforesaid,
| in as full and ample manner as if such eK-
ecutor so refusing or declining to act, or
dying, or becoming incapable of acting, had
never been named therein and further, in
case any of my SAID executors declining or
refusing to act, dying, or becoming incapable
of acting, as aforesaid, and so often as the
same may happen, | hereby authorize and
empower the surviving executors or execu-
| tor to apply by petition to the Orphana'
| Court for the appointment Of another trustee
| or trustees in his or their place or stead, and
| to nominate such trustee or trustees by tho
consent, in writing, of such of my childrem
as are of full age and Immediately upon the
| appointment of such trustee or trustees, in
the manner aforesaid, then all the authOri-
ties, powers, estates and rights herein con-
ferred upon my executors hereinafter named
as trustees under the will, shall rest in sucl
newly appointed trustee or trustees as FULLY
and amply as if he or they had been origi-
nally appointed executor or executors bV
me, and named as such in this, my last viii
and testament. And for the purpose of car
rying out the object of this trust, hereby
authorize and empower my said executors to
lease my said real estate, and to receive thu
rents, issues, and profits thereof, and Ia
make such repairs and alterations from timo
to time to my buildings as may be necessary
for my property. l desire my executors "a
keep The buildings insured in such offices ax
they have confidence IN, and which will in
sure without charging eXorbitant rates tn
such an amount as may be necessary to nro.
: tect the property from any probable loss bv
fire. l wish my executors to exercise their
best judgment and discretion in this matter .
and in case of the destruction of anv of nv
buildings by fire, authorize and empower
my executors to rebuild the same as near
the original plan as possible, or in such man
ner as may most conduce to the benefit of
my estate. But in case my executors. in "a
rebuilding, desire to change the plan of the
building IN any material point, authorize
them to do so, but only on the condition that
they obtain the consent Of the Orphans
Court of Philadelphia to such proposed alter
alton. And in case of the destruction of
any of my buildings, by fire or otherwise
before my executors have accumulated a suf-
ticient fund to rebuild them, l authorize and
empower them to mortgage any of the said
real estate for such sum or sums of money as
may be necessary for such purpose, which
said mortgage or mortgages shall be lioui
dated as soon thereafter as practicable: pro-
vided, that such mortgage or mortgages shall
be given only with the appreciation of tbe
Orphans Court aforesaid, but no such mort
gagee or mortgages shall be bound to look
to the application of the money SO loaned bv-
him or them and provided further, that my
executors shall not mortgage any of the said
real estate for any other purpose whatsoever.
ltem-lt is further my will that whenever
by the provisions of my said will any of nv
grandchildren or other descendants Shall be
entitled to receive a share or portion of the
income Of my said estate, or any payment or.
sum Of money under my will, and shall NOT
be of full age, that in every such case nv said
executors shall invest the sum or sums belonp-
ing or coming to any such minor or minors.
from time to time as the same NAV accrue. i'm
the same securities that have directed them
to invest the money of my minor children in,
and shall pay the same to them, with the ac-
cumulatons thereof, upon their respectively
arriving OF full age, less any sum expended
by the said executors IN the support, mante-
nance, and education of said minors.
Lastly-I nominate, constitute, and ap-
! point my friends, the Rev. j. Wheaton
Smith, Charles II. Rodgers, Edward M. Pax
son, Henry Lewis, and John M. Whital, to
be the executors and trustees of this my last
! will and testament, and i also constitute
and appoint them, and the survivors of
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