Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-04-04

shall not terminate for the line of Kath-
&rine and her children but shall con-
Einue to await the said time of termina-
zion of the other line aforesaid, unless
&rior thereto such other line fails, when
sTease shall have the same effect as if the
said time of termination had come to
such other line, and during this period
Of waiting one-half of the net income
Ahall be divided equally among the thea
living children of said Katherine and is
&ue of her deceased children by right of
representation.
Ny intention il win appear from the
koreceding item and also from the next
Following is to have this trust continue
Alntil the time for termination in both
lines has arrived, provided both lines SO
Gong continue TO exist
b. The line of Percy and his children.
! The other half of the net income, or so
much of the net income as this line may
he entitled TO shall be paid in quarter
1 IL payments as aforesaid TO said Percy
7 during his life. Upon his death his then
surviving child or children and the issue
of his deceased children shall be entitled
10 said income under the following terms.
+ viz. If all of his then surviving children
have not reached the age of twenty -one
so much of said income, as in the judg-
nnent but wholly in the discretion of the
trustees aforesaid may be necessary
shall. be used for the proper care. main
Issuance end education of his children
and abe issue of deceased children, the
balance Of the income being allowed to
accumulate until all of his children living
at his decease and continuing to live,
shall reach the age of twenty-one or un-
til, if such children do not continue to
live and the surviving child dies during
ifs@rniuority, the death of such child. At
such time or upon his decease IL all OF
his then surviving children have reached
fileVsaise of twenty-one, all of the said
denominations or income shall be divided
among his then living children and the
issue of deceased children, such issue
taking by right of representation. Such
time also shall be the period for the ter
rlination of this trust for the line of SAID
Percy and his children, provided that the
time for the termination of this trust
for, the other line of Katherine and her
children, provided further of course tnat
Such.-otfer line stll exist, has arrived.
IT that time has arrived then this trust
shall terminate and the trust estate be
divided, one-half among the then living
children and issue of deceased cnidren
by right of representation of said Percy
and one-half among the then living chill
dr*n and issue of deceased children ~
right of representation of said Rather
ire, but if that time has not arrived then
this trust shall not terminate for the
line OF Percy and his children but shall
continue To await the said time of ter
animation of the other line aforesaid, un-
lcss prior thereto such other line fails,
which case shall have the same effect
as II the said time of termination had
come 10 such other line, and during
this period OF waiting one-half of the
net income shall be divided equally
among the then living children oil said
Percy and issue of deceased children by
right OF representation.
1t is my intention as herein expressed
THAT at the deeease of my said wife the
trust fund shall be deemed as i'm two
halves, the one for the benefit of my
daughter and her children and the other
ssefor the benefit of my son and his chill
dfen: That on the failure of issue in
either branch within the period OF time
covered BY the lives of said Katherine,
Percy and his child. Dorothy, all now
living. and twenty-one years thereafter,
frat the one-half TO which such branch
is entitled shall pass over TO the other
4 branch and the trust continue until the
time of termination as specified for such
q branch But if within such period of
=. time aforesaid there is a failure Of issue
fl both branches to take as hereinbefore
specified. then such failure terminates
the trust and all my estate shall pa s.
TO my legal heirs living at that time
3. l hereby give TO the trustees herein-
before named trusting as | do in their
broad yet conservative business jude-
aaeisfl full management and control OF
said trust estate with power to sell and
CONVEY any part of the same and TO re-
invest the proceeds and Accommodations
sBcf new investments however to be con-
fined 10 the same kind of investments
That the savings hanks OF Maine are al
lowed 10 make under the statutes and
laws OF ihis State.