The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1905-02-24

petually, to the public -choois of Musf
kegon, to be expenoed 10y the board OF
education for the support and malntenj
ance of the Hackley public library. To
the public schools OF Muskegon, $3.50. =
900, TO be expended by the board OF eduf
cation in the purchase of pictures OF ting
best kind to be placed and kept in the
Hac<ley public library. To the city OF
Muskegon, 81 900, to be invested, the net
income Of which is to be used in caring
for the testator's mausoleum in Ever
green cemetery, and if the income 10 any
year is more than sufficient for this pur-
pose, the balance is to be expended In
taking care of lots m this cemetery own
ed by non residents, which have been
neglected and need care. To the Mich
igan Trust Company and Thomas Hume
as trustees, $4,000, the income Of which
is to be used 10 paying the premiums on
20 year endowment policy for $4,000
in the Mutual Benefit Life Insurance
Company on the life of Charles Henry
Hackley Lee.
All the rest and residue of his estate
is designated as his "residuary estate"
and is disposed of as follows:
One-half of this residuary estate isv
given to the Michigan Trust company
and Thomas Hume, as trustees, to hold
and invest the same and pay the net in
come thereof to his wife, Julia h. Hack
ley, during her natural life. Mrs. Hack
ley is authorized to dispose of one-half
of this trust estate, by her WILL to such
persons or corporations and for such
purposes and objects as she may desire, \
the same as if it were absolutely her owG
property, and is also authorized to dis
pose, by her will, of the other half o
10 tr1C tat tQ m apl arnQ
and maintenance of the Hackley publ
library and the Hackley manual traif
ing school, and to such charitable
benevolent organizations or uses, or 10.
such churches or church societies lin
M uskegon as she may, by her last Will
and testament, appoint. All this trust
estate which Mrs. Hackley shall not dis
pose of by her will is given to the Michi-
gan Trust company, in trust, to hold and
invest the same forever, and to pay the
net income thereof in each year, perpet-
ually, to the public schools of Muskegon,
which income is to be expended forever
by the board of education for the en-
largement, furnishing, equipment, sup
port and maintenance of the HacEs.aS =
public library and the Hackley manual
training school, or either of them.
After deducting from one-fourth of
Indebtedness which his adopted daugh-
ter, Erie l.. Smith, or her husband,
Leigh b. Smith, may be owing to the
testator or his estate, the balance of this
quarter is given to the Michigan Trust
company and to Thomas Hume, as
trustees, to invest the same and pay the
net income thereof to his adopted daugh-
| ter, Erie L. Smith, during her natural
! life, and after her death the princlS-1
goes to the children of Erie L. Smith
be divided equally between them.
Erie l.. Smith leaves no children
descendants, then all the trust estatl
which was created In her favor is giver
to the Michigan Trust company il
trust, to hold and invest the same for
ever, and to pay the net income thereof&
in each year, perpetually, to the public
schools of Muskegon, to be expended b.
the board of education for the enlarge
ment, furnishing, equipment, supporA
and maintenance of the Hackley publiN
! library and the Hackley manual trair.
ing school, or either of them.
The remaining undivided one quarter
of the entire of his residuary estate is
given to his friend and partner, Thomas
Hume.
Most of the legacies are to draw inter |
est at the rate of five per cent per annum
from the date of the testator's decease !
to be paid semi-annually. The trustoc.|
are authorized to invest in such securi-y
ties and property as they may deemI
judicious, and to sell and convey his|
property.
If any legatee contests the will his leg l
acy is to be cancelled, and the amount|
thereof is given TO the Michigan Trust
company, in trust, to invest the same
and pay the net income TO the board of
education for the benefit of the Hackley
public library and the Hackley manual
training school.
The value Of the estate is estimated to
be between S5,000000 and S6000,000.