Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1885-12-14

~. So,OOU,UU OF second mortgage bonds
OF the Lake Shore & Michigan Southern r.
n Co., due in the year 1908, bearing interest
a the rate Of per cent per annum; &SbO,-
oVo OF the frst mortgage bonds of the last
named company due in the year 1900. bear
ing interest at the rate of per cent per an
mum; q. O00, 900 of the sinking fund bonds
OF the Chicago & Northwestern R. r. Co,
due in the year 1929, bearing interest at the
rate OF b per cent per annum; O.. 200, 900 of
the sinking fund bonds of the last named
company, due in the year 1929, bearing in
terest at the rate of 5 per cent per snnum
eZ,OOO,OOO of the general consolidated sinking
iund bonds of the last named company, due
IN the year 1915, bearing interest At the rate
oi per cent per annum; "a. .0OO, 900 of the
mortgage bonds of the New York Central r.
X. Co., due in the year l903 bearing interest
at the rate of per cent per annum, and
81 100000 of the mortgage bonds of the New
FORK Harlem R. r. c., due in the year
1900, bearing interest at the rate of Z per
cent Per annum, making 10 the aggregate
$4,000, 900 of the above named securities, at
par, IN trust to divide the same into eight
equal parcels of S5,000,0O0 each, and each
OF said parcels to contain an equal amount of
each of the above specified kinds of bonds, to
set apart and hold one of said parcels in trust
for each of my four sons, Cornelius. William
r., Frederick w. and George w. Vanderbilt.
and one of said parcels in trust for each of
my four daughters, hereinbefore named, and
to collect and receive the income of each of
said eight trust funds, and pay the same over
As 1t accrues and Is collected, to the benefi-
clsry TO- whom it Is set apart. during the
natural life of such beneficiary, and direct
that no payment be made in anticipation of
such income, and that no part of the princi-
pal of either of said trust funds be paid over
or alenated or transferred during the lifetime
of the child entitled to the income thereof,
and upon the death Of each of my said chill
dren direct that the principal of the fund SO
set apart and held in trust for him or her be
paid to his or her lawful issue in such
shares or proportions as he or she may by
last will have directed or appointed, and. in
default of such testamentary direction, di-
rect that such fund be divided among his or
her lawful issue in the proportions in which
they would be by law entitled thereto had my
child so dying Died possessed thereof in his
or her absolute ownership In case neither of
my SONS should leave no lawful issue. him sur
viving, direct that the fund so held in trust
for him be divided among his brothers, him
surviving, and the issue of any of his BROTH
ers, who may have died before him. such
issue to take the share which the brother so
dying would have taken if living, and if
neither of my said daughters have no lawful
issue her surviving, direct that the fund so
held in trust for her, be divided among her
sisters living at the time of her death, or
should any of her sisters have died before
her, leaving issue, such issue shall take the
share which such deceased sister would have
taken if living.
| Ninth give and bequeath unto my four
sons and my four daughters hereinbefore
named, to be equally divided between them,
$40 100000 of bonds of the United States of
America, bearing interest at the rate of per
cent per annum, the principal falling due in
1907 S920,000 of the bonds of the New
York Central Railroad Company, payable in
the year 1908, and bearing interest at the
rate of per cent. per aunum $50, 200, 900 of
the mortgage bonds of the New York & Har-
lem Railroad Company, payable in the year
1900, and bearing interest At the rate of per
cent per annum; Sl,O00,O00 of the bonds
of the Detroit & Bay Citv Railroad
Company, payable in the year 1881, and bear
ing interest at the rate of per cent. per an
num- $3,000,000 of the second mortgage
bonds of the Lake Shore & Michigan South
ern Railroad Company. payable in the year
| 1908, and bearing interest at the rate of 7
per cent. per annum; SO 900, 900 of the mort
gage bonds of the Pine Creek Railroad Com
pany. payable in the year 1882, and bearing
interest at the rate of 6 per cent. per annum /;
100000 of the mortgage bonds of the
Pittsburg, McKeesport & Youghlogheny Rail-
road Company, payable in the year 1882 and
bearing interest at the rate of per cent. per
annum; So 100000 of the debenture bonds of
the Chicago & Northwestern Railway Com
pany, payable ia the year 1888, and bearing
interest at the rate of 8 per cent per snnum !;
$2000,000 of the bonds of the Dakota Cen
trail Railroad Company, payable in the year
| 1907, bearing interest at the rate of 6 per
| cent per annum and guaranteed bv the Chic
ago & Northwestern Railway Company; 40,
900 shares of the capital stock of the New
York Central & Hudson River Railroad Com
pany; sc, 900 shares of the capital preferred
stock of the Chicago & Northwestern Railway
Company $4,000 shares of the capital stock
of the Lake Shore & Michigan Southern Rail-
way Company, making in the aggregate S40,-
| 100000 of securities at par, to be divided
among my before named eight children in
such manner that an equal amount, as nearly
as may be, of each kind of security, shall be
allotted to each child. Should not have on
hand at the time of my disease a sufficient
amount of bonds and stocks of all the above
descriptions named after providing the trust
| funds created in the seventh clause of this
will to make up the amount in the ninth
clause beQueathed direct that the deficiency
be made up with cash to the amount of the
bonds or stock which may be deficient at par.
Tenth-I have transferred on the books of
the Chicago & Northwestern Railroad Com
| pany to each of my three daughters, Margaret
Louise, Emily Thorn and Florence Adele,
1000 shares of the preferred stock of said
company, but l holding the certificate of said
shares, with power to transfer the same exc
cuted by my said daughters, respectively,
hereby declare that the foregoing bequests
to my said daughters are to be in place of
said shares, and that said shares are to be
part of my residuary estate.
| Eleventh. direct that the bonds and the
stocks in the ninth clause of this will be-
queathed to my daughter Eliza O., be not de-
ivered to her or placed under her control
until she attains the age of 80 years, but that
they be set apart and held for her by my
executors. in the meantime that the interest
accruing thereon be collected by them and
| paid over to here as it is received until said
bonds and stock are delivered to her: but it
| is nv will that if my said daughter Eliza 0.
should die before attaining the age of 80
years, leaving children, her surviving, the
| said bonds and stock shall be divided among
such children in such proportion as she may
bv will direct, or if she should leave no will,
then in equal shares; should she leave but
one child, that child is to have the whole,
| and in case she should die before attaining