Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-03-21
Published March u, lsIs.l
CuADTED ITO

AN ACT respecting trusts created by will and re-
ps@SL1nS chapter ll6 of the laws OF Wisconsin for
The people Of the state OF Wisconsin, represented in
senate and assembly, do enact as foll0IcS:
Section l. Every trustee to whom any estate real
or personal shall be devised or bequeafhed in trust
aoI any person or who may be appointed by any
WILL when such will creates a trust without nam
ny trustee SHALL before he enters upon his duties
jurisdiction of the probate OF the will an oath TO
the effect that he will comply with the provisions
as trustee. Such trustee shall within three months
after ne accepts the trust make and file in said
court q true inventory, verified by his oath of all
me property. real. personal or mixed so devised
and bequeathed TO him; and shall annually there
after make report TO said court of his manage
lhtat 81 the trust property, stating therein in
detail in what it is invested or consists its amount
Section , If by the provisions of the will the
Lstee before he receives the trust property, is
give security. then he shall give bond to the county
!II,Se and his successors in Office. in such sum as
SuetieS conditioned that ne will file the inventory
dli make the reports required by the provisions OF
VIII settle his accounts with said court. and pay
,,..t and deliver according 10 law all money and
.ltI ne VIII faithfully perform the duties of truS-
~ II by the provisions OF the Will no security Is
f4uired of the trustee. the court may any time
ltSf the will is proved, order the trustee to give
Saci' or similar bonds if il appears that it is TegHir
49, reason Of any change after the Will was exc
'tttd III the condition. situation OF circumstances
suficient reason therefor.
Section ,. ANY trustee who shall neglect or re-
ant to the provisions of this act for twenty days
itter notice that such bond Is required SHALL if he
lie considered to have declined the acceptance of
the trust; and if he has entered upon such duties,
removal; also. such trustee may be removed by the
court for imbecility of mind, incapacity or insan-
Ity. due notice being first given him.
Any rF hi Eu BE Re ee@rt PH deems enc
it expedient If any trustee die. resign or be
moved, another trustee, after notice TO the persons
interested may be by the court appointed in his
stead. The trust estate shall vest in the trustee
appointed fully, to all intentS and purposes, as it
did in his predecessor; and the court may by its
order if it deems best transfer it to him, or direct
and require his predecessor SO to do and he may
Section j. To keep the trust property from being
removed out of the state, improperly or illegal
~ used OF invested the county court snail nave the
same power as circuit courts TO issue the wit OF
ne Great and injunction, and may from time to time
make ali necessary order ana DEGREES IN reIaton 70
the trust property, its sale management, invest
accounts of the trustee.
Section 6, Chapter one hundred and sixteen OF
confer upon the county court jurisdiction Of trusts.
created ny will, and TO prescribe proceedings In
but the repeal shall not affect any bond or proceed
ing heretofore given or had under said chapter.
from and after its passage and publication.
Approved March s 1873
Published March IL, 1851
CHAPTER SO.
AN ACT to appropriate sum of money therein
named 10 the milwaukee, Industrial School.
The people Of the state of Wisconsin, represented IL.
senate and assembly, do enact as foiloos:
Section / There is hereby approlz1ated fer the
of the Milwaukee Industrial School for Girls, out
OF any money in the general fund not otherwise
approprnted. the sum of fifteen thousand dollafS.
Which shall be drawn from the state treasury III
the manner following:
Section >. No part of said sum shall be paid or
GfaWn therefrom until the said milwaukee, Indus
procure and cause to be conveyed to the state of
Wisconsin. in fee simple suitable grounds upon
Sam Industrial School, which said selection shall
nrSt e approved by the governor secretary of state
and state treasurer
Secfon 3. The said Milwaukee industrial school
sinai! procure. at its own expense and submit for
state treasurer, suitable plans and specifications
for The said buildings and upon the approval there
time to time, draw his warrant upon the state
treasury for such part of said of fifteen thou
sand dollars as shall be determined by said COVER
nor, secretary of state and state treasurer to be
reasonable and proper to be paid toward the cost of
construction thereof but such payments shall not
IN the aggregate exceed the said sum of fifteen
tlHoIsSlnd dollars, and no part of said shall be
SO l42t out, pad or expended until contract shall
be entered into with sufficient SureteS to the salts
faction of said state officers above named, for the
full and perfect completion of said buildings for
the said sum OF fifteen thousand dollars less.
Section T. The said buildings. when erected
and completed, shall be the property of the state,
and shall be used by the said industrial school for
GIRLS without charge for rent or other charge,
cCpt Chat said corporation shall keep the in
repair the same insured in such reasonable sum
nssy be determined by the governor; and so long
rs tie said buildings kept i'll repair and in
S9red and used by the said corporation for the uses
OF the said industrial school for girls to the salts
faction of the legislature of Wisconsin, the said
corporation may and shall have the free and unre-
of the state to take the said buildings and lands
into its own possession whenever in the judgment
OF the legislature the same shall not be SatSfactor
lily used for the purpose herein intended to be pro-
vided for.
Section 5 This act shall take effect and be in force
from and after its passage and publication.
Approved March Z, 1878.