The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-13

dying would have taken if living; and should
either OF my said daughters leave NO lawful
issue 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, sucn
issue shall take such share which such deceased
sister would have taken If living.
Eighth authorize the trustees of the said
several trust funds to receive and reinvest the
proceeds Of the bonds so given to them In truss
as they mature, and also, in their discretion, 20
cnange from time to time the investments Of
saic trust funds. but direct that they do. at all
times, keep this said principal Of the said saw
eral trust funds securely invested during the
continuance OF said trusts, respectively. in bonds
OF the united States of America or of the State
or city of New York, in mortgage
bonds of the New York Central q
Hudson River Railroad Company. or the New.
York and Harlem Railroad Company. the
FsLake Shore y Michigan Southern Railroad Com.
pany or the Chicago s. Northwestern Railroad
Company or bonds guaranteed by it, or soma
one or more of said specified securities They
may change such investments from time to
time, and may also invest in bonds and mortgage
on unincumbered real estate in the State of New
York, and they may apply to the reinvestmenN
on the principal of said trust funds or either Of
them, any Of the securities of the classes above
specified. which may have on hand at the time Z
of my decease at their market value at the time Z
of such application. And direct that all secur-
ities in which such trust funds shall.
from time to time be invested,
be taken and held by said trustees
in their names as trustees for the parties respect
lively, for whose benefit the funds are severaliy 1
set apart and held so that each Of the said eight
trust funds shall be kept separate and distinct
from the others and the accounts thereof shall
be separately kept Should not have on hand
at the date of my decease, a sufficient amount OF
each of the descriptions of bonds specified tor
make up the amounts in the seventh clause,
direct that tie deficiency be supplied with bonds
of the New York e. Harlem Railroad Company
at par, or other bonds may have
NINTH give and bequeath unto my four sons
and my four daughters hereinbefore named, to
be eqally divided among them, $4,000, 900
of bonds of the United States of America,
per annum, the principal falling due in the
year 1907; 1920, 900 of the bonds of the New York
Central zen Kailroad Company, payable in the year
1903. and bearing interest at the rate of Il per
cent. per annum; $50, 900 of the mortgage bonds
of the New York g. Harlem Railroad Company,
payable in the year 1900, and bearing interest at
the rate of Z per cent per annum 81, 900, 900 OF
the bonds of the Detroit & Bay City Railroad
Company, payable In the year 1881, and bearing
interest at the rate Of per cent. per annum; I.
So, 0OO. 600 of the second mortgage bonds of the
Lake Shore u Michigan Southern Railroad Com
pany. payable in the year 1903, and bearing in
terest at the rate Of 7 per cent. per annum;
3d. 600 900 of the mortgage bonds of the Pine Creek
Railroad Company, payable in the year 1882,
and bearing interest at the rate of per cent. !.
per annum; So, 00O 900 of the mortgage bonds Of
the Pittsburg, McKeesport & Youghiogheny :
Railroad Company. payable in the year 1882,
and bearing interest at the rate of per cent
per aunum; So 000 900 of the debenture bonds OF
the Chicago 81 North western Railroad Company.
payable in the year 1882 and bearing interest at
the rate of per cent. per annum; So, 000 900 OF
the bonds of the Dakota Central Railroad Com :,
pany, payable in the year 1907 bearing interest
at the rate OF per cent per annum; 400, 900
shares of the capital stock Of the New York
Central & Hudson River Railroad Company;
80, 900 shares of the capital preferred stock Of
the Chicago g. Northwestern Railroad Com
paany; $4,000 shares Of the capita. stock
Southern Railroad Company, making in
the aggregate $40 600 900 Of securities at par. I'd
be divided among my before named eight chill
dren in such manner that an equal amount, az
nearly as may be. of each kind Of securities shall
be allotted to each child. Should not have on
hand, at the time of my decease a sufficient
amount Of bonds and stocks Of all the above de-
scriptions named after providing the trust funds
created in the seventh clause of this will, to
make up the amounts in the ninth clause be-
queathed, direct that the deficiency be made
up with cash to the amount of the bonds or
stock which may be deficient at par.
Tenth having transferred, on the books Of
the Chicago & Northwestern Railroad Company,
to each of my three daughters. Margaret Louisa
Emily Thorn and Florence Adele, 1000 shares
of the preferred stock Of said company
but holding the certificates of said shares with
power to transfer the same. executed by my
said daughters, respectively. I hereby declare
that the foregoing requests to my said daugh.
tiers are to be in place of said shares and said
shares to be part of my residuary estate =
eleventh. direct that the bonds and stocks
in the ninth clause of the will sbequeathed to my
daughter Eliza o. be not delivered to her or
placed under her control until she attains the
age of thirty years, but that they be set apart
and held for her by my executors in the mean
time the interest accruing thereon to be collect
ed by them and paid over to her as it is received
until said bonds and stocks are delivered
tP her. aa ous it Eliza Is my , T that Ss
before attaining the age of thirty years. leaving
children the said bonds and stocks shall be d.
vided among such children in such proportions
leave no will, then in equal shares; should she
leave but child, that child is to have the
whole. And in case she should die before at,
tanning the age of thirty years. and shall leave
no child, the property bequeathed to her In said
ninth clause shall revert to my estate.
''Twelfth-I direct that the interest and divi-
dends on the several bonds and stocks be-
queathed in the seventh and ninth clauses Of
decease. and that so much thereof as shall have
accrued after that date shall belong to the leg
atees.
''Thrteenth-I bequeath unto nv son Cor
nelius Vanderbilt the sum Of 81 900 600 in addi-
ton to all other requests in this will contained.
'Fourteenth-Upen the decease of my wife,
devise to my son George w. Vanderbilt, for and
during his natural life, the hereinbefore de-
scribed lot Of land and house on the northwest
corner of Fifth avenue and Fifty first street,
where l now reside, and the lots and stables on
Madison avenue and Fifty second street, being
the same properties in the ninth clause of this
will devised to my wife for life also bequeath
to my said son George, for and during his nat
ural life. all my pictures, statuary and works Of
art. except the portrait and marble bust Of my
father, which bequeath to my son Cornelius
also bequeath to said son George
all the furniture, carriages and other chattei
mentioned in the first clause of this my will, for
aud during hisnatural life; and after the death Of
my wife and of my son George if he shall leave
any SON or sons, him surviving. l give, devise
and bequeath absolutely, and in fee. the said
house and lot on Fifth avenue and Fifty first
all cnid lots andS oil Mnd;