The Portland daily press., 1891-06-13
DEVOTED TO CHARITY AND EDUCATION
CONTINUED FROM FIRST pAeE.1

CONTINUED FROM FIRST PAGE.1
SD. | give and bequeath unto William
Babb (who formerly lived with mel, now Of
oaccarappa, Maine, the sum of $1,000, to have
ana TO hold the same to him, the said William
baDD. MS heirs and assigns, forever.
34tn. give and bequeath unto Joseph w,
woodbury., son of Augustus Woodbury. of
Island Pond, Vermont, the sum of $1,000. If
said Joseph W. Is not alive at my decease.
TINS amount shall form and become pait of
the residue and remainder of my estate.
35th. Each aud every legacy, excepting
those 20 my wife, hereby and herein given,
and Dequeathed to the several individuals
ana corporations herein mentioned, shall be
made, taken and adjusted by my executors
and the survivor, with said legatees. from
bonds, stocks, securities and property COM
posing and making my estate at the apprai-
sal thereof; that Is, each legacy, exceptin o
my wife's, shall be adjusted and satisfied
with my securities, and estate at the APP
praisal thereof; and shall be so received by
each legatee at said appraisal, If my execu-
tors or the survivor shall so decide and de-
termine, and Of this they are to be the sole
Judges as to the payment and satisfaction of
SAID legacies, or any ono or more of the
| same.
The legacies to my wife are to be paid in
full. and II she SO elects from such Of my es-
tate at the appraisal thereof, as she may Sc
lect, or In cash as she prefers.
Both. 1t is my wish and desire, and ]
/
| acies, my wife's excepted, and which L or
| der and direct shall be paid in full as soon
| after my decease as may be convenient. shall
be paid within one year after my decease, If
the same can be done without detriment and
injury to my estate. and of this / leave to
the Judgment and discretion of my executors
and the survivor of them.
In case there should be deficiency of nv
estate for the full satisfaction and payment
OF all the foregoing legacies, excepting the
legacles to my wife, VINO is to be
paid in full as hereinbefore
set forth, then, all the aforesaid legacies (ny
wite's excepted) are to lie changed pro rata,
and said respective legacies will be reduced
| accordingly.
My executors and the survivor, are hereby
fully authorized to make such distribution
and division of my estate to my legatees, as
tney think best, and they are also authorized
to sell, transfer, convey, distribute, divide,
and assign my estate, stocks, bonds and se-
curlties upon such terms as they, or the sur
viyor, shall consider is for the advantage of
my estate without obtaining license from the
Judge OF probate, and full authority and
power is hereby given, and granted to my
executors. and the survivor of them, to sell.
and convey any Of my real estate, and upon
such terms as they shall deem best, and give
| good and perfect titles thereto, without petit
| tion to, and obtaining license from, or Civ
ing bond to the judge Of probate therefor.
| Said executors or the survivor, shall ac-
count with the judge of probate, for all sums
| SO received from the sale of any of my estate,
real, personal or mixed
THE RESIDUE OF THE ESTATE.
S75h. Inasmuch as there may be charities
In Portland, or the vicinity thereof, and
which II l were living, might desire to as
slst; or benevolent and charitable objects,
and associations, which If were alive,
might desire and wish to promote and
strengthen by gifts, and pecuniary help; or
schools, and places of learning or hospitals,
or libraries which If aided financially would
| increase the benefits and advantages derived
from education and instruction or worthy
individuals needing pec1niary assistance to
optaln knowledge; or institutions and asso-
Citations formed and organized for the well
fare, Advancement. benefit and good of the
| public, and which If living, should mani-
Test an interest therein, and therefore aid
| and assist the same, and with the intention,
aud remainder of my estate, may
be used to benefit society, relieve pain and
distress, assist worthy and deserving charit-
able and benevolent associations and objects,
give instruction and education to those who
| are seeking for the same, in order therefore
to carry out my views and wishes, do,
therefore. for the proper execution Of these
purposes, hereby give, devise and bequeath
In trust unto Frederick Fox and Albert B.
Stevens, both of said Portland, and to the
| survivor OF them, ana to their successors, as
my trustees. and upon the following condi-
tions and trusts. all the rest, residue and re-
mainder of my estate of every description,
real. personal and mixed. together with any
and all estate and requests, residue, or any
| other part or portion of my estate, which by
| the terms and items of this, my last will and
testament, have, shall, or may become, make
and form portion of said remainder and
residue OF my said estate; and said gifts, be-
| quests and devises are made to said Fox and
| said Stevens. and the survivor, and their
| successors, as my trustees, upon the follow
ing conditions and trusts. and for the due
l nprfQrmQuaa nv m of ha fol In mi ~
duties and trusts, viz: My said trustees, as
aforesaid, shall, within 10 years from my de-
cease, use, give and expend, also distribute
said rest, residue. and remainder of my es-
tate, with interest, dividends, income, and
all accumulations arising or growing out of
the same, for the causes of education and
learning; for the promotion, assistance and
growth of benevolent and charitable associa-
tions and objects; said trustees as aforesaid,
shall not be restricted in this work. They
are to be the sole judges in what manner
| said residue and remainder of my estate
shall be so used and expended; and to whom,
to what organizations and objects; in what
amounts, and at what times; In what man
ner. and under what restrictions, conditions
| and regulations the same shall be given.
used, expended and distributed the only re-
strictions and conditions l put upon said
trustees as aforesaid, being that all
accumulations as aforesaid, shall be used,
given, expended and distributed by them for
| worthy educational, charitable and benevo-
lent purposes and objects, and not fer any
acts Of my said trustees to be done and per-
formed within the County of Cumberland,
State of Maine, and during said fifteen years
from my decease.
me charities have remembered in this
| my last Will and testament, if thought ad-
vlsable by my trustees, may be further as
| sisted; hospitals, schools, seats of learning,
charitable and benevolent associations not
organized or created at the date of this will,
but which shall, or may be created hereafter
and worthy individuals needing aid are to be
helped by my trustees from said remaining
trust estate, and the income thereof If said
trustees think it wise SO to do, and under the
restrictions have placed upon said trustees.
whenever my said trustees as aforesaid
shall have any securities maturing and fall
ing due, they shall invest the proceeds in
safe and first class investments, and when
ever they shall think 1t is for the advantage
OF said trust estate, to exchange, sell, con
vey, assign or dispose, of any of said trust
estate, full power, and authority is hereby
| given said trustees as aforesaid so to do, and
sign, and execute all papers and documents
TO carry the same into full execution without
obtaining the permission or receiving H.
cense from the Judge of Probate so to do.
| They are to be sole judges of all such mat
tiers, and respecting the care and control of
said trust estate, and of what securities, es-
tate and property the same shall consist, my
/ ediu tIuot6tS DIS dI0IeSatu must Dc governed
| by the circumstances under which they are
then placed, and do as they think best and
wise, exercising prudence and caution; in
| vesting all monies, funds, and property aris-
| ing from, growing out of, or composing said
trust estate In safe. reliable, and first class
| securities, and property, ana all this / leave
to their Judgment and discretion.
Said trustees as aforesaid, shall render an
account annually, to the Judge of Probate, Of
all their expenditures, and gifts. and distrib-
utions OF said trust fund, to whom, when,
and what amount, and manner, and for what
purpose; and Of what securities, and proper
ty said trust estate consists, with their
charges and expenses.
Upon the death, resignation, or refusal to
act Of said trustees, the Judge Of Probate
shall appoint suitable persons. or person to
carry out my intentions and wishes as herein
expressed; it being by me hereby ordered
and directed, that all Of said residue and re-
mainder of my estate, with all accumulations
thereon, shall, and must be used, given, ex-
pended, and distributed by said trustees, or
the survivor, or their successors, after pay
ment OF all charges and expenses of said
trust estate. within fifteen years from the
date of my decease, to, and among education
al, charitable, and benevolent associations
aud objects as herein set forth within said
County of Cumberland.
28th. l nominate and appoint Frederick
E0Y u hnAl =