The Superior times. [volume] (Superior, Wis.) 1870-1912, 1874-03-21
Published March 7, 1874.
CHAPTER lie.

- AZ 10 CONFER upon the county court lH1lSUlC-
ton of trusts created 10y viii, and to prescribe
proceeding ia said court ia relation thereto.
The people OF he State of Wisconsin, represented
IN senate and assembly, do enact ar follows
Section l. The county court shall have iurisdic
dlCtion OF al trusts created by Will.
Section >. Every trustee to whom any estate,
real or personal shall be devised bequeathed
trust for any minor or other person by the Will OF
any person deceased, shall give bond to the county
Judge having jurisdiction of the probate of the
viii, with sufficient sureties, in such sum as the
Judge may order, conditioned rs follows:
l. That the trustee shall make and hle IN the
county court true inventory of the real estate,
goods chattels, rights and credits so devised or be-
iti', Within rt'yl tiirrv- shall u ordered ~
said court.
= That he VIII annually render an account to
said court of the trust estate in his hands, of the
management and disposition thereof and Of its an
nUal income and profit
B. That at the expiration of his trust ne VIII
adjust and settle his accounts with said court and
pay and deliver over all balances, money and prop
erty in his possession, for which he is liable as
such trustee.
j. That he viii faithfully execute such trust ac-
coriiug to the true intent and meaning thereof.
Section 3. II the testator IN his viii has directed
that such bond be required from such trustee,
he shah not be required to give bond herein pre-
scrlbcd: Provided. that the court may require such
bond when the VIII lis proved az any time there
after If II appears that II is required by change
trustee, or for other sufficient reason.
Section 1. Any person appointed trustee as
aforesaid Who shall refuse to give the bond required,
neglect To do 80 for twenty days after notice that
such bond is required, shall bt considered 70 have
declined the acceptance of such trust.
Section ,. Any trustee so appointed. or appointed
by the court IN pursuance OF this chapter. may,
upon q request in writing. be permitted TO resign
the trust II the judge shall think il eNpedent.
Section Il. Ii any trustee appointed il any wiz
not containing provision for VerDetuating the
trust, shall decline accepting the same. shall
sign or die. or be removed. trustee may be ap-
pointed bE the county court in his stead. after
tIce to the persons interested such estate.
Section :. Every trustee so APPOINTED bv the
court shall be bound by the provisions Of this
by WILL and the estate SO given in trust shall vest in
such trustee IN hike manner. TO all intents and pur-
posses the same vested the original trustee in
said VIII, and lie may demand, sue for and recover
from any other person Illegally holding the same,
any and all property belonging 20 said trust estate
Section S. ANY trustee who shall become disquai-
led for the discharge of the trust. by becoming IN
sane or otherwise incapable, evidently unsuitable
for the execution of The trust. who shall neglect
or refuse 90 comply with the provisions Of this
Charter. may bc removed by the court after notice
to such trustee aud other parties Interested
Section 9. The county court, ON application of
any such trustee any person interested. NAV,
after notice to an interested, authorize and require
such trustee 10 SCH any property held IN trust
and to invest the proceeds Of such sale in such
manner VIII be- most for the interest of al per
sons concerned therein: and such court may from
time u time, claEe such orders and DEGREES as the
Judge thereof may think Just and reasonable ia re-
latIou 70 tas sale management investment and dis
position Of such trust property, and To the settle
meut Of the accounts of such trustee
Approved March !, 1874.