Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-04
INSTITUTIONS ARE
ELLREMEMbERtO
MAST WILL PROVIDES FOR TRUST
FUND WHICH LATER WILL BE
USED As ENDOWMENT.

I. N. Mast, in his will, which has
been admitted to probate In the dis
trict court, has set aside fund OF
$4,000. The interest of this is to be
used for the distribution and publica-
ton of certain books which Mr.. Mast
has written and when the fund itself
shall have been dissolved and distrib-
uted one-half of the sum Is to be given
to the Ottumwa Hospital association
and one-half to the Young Women's
Christian association. These amounts
are then to become part of the per-
manent endowment funds Of these in
situations or If neither has fund of
that kind, at that time, then these
amounts shall become the beginning
of such a fund. In each case only the
interest Of the amounts shall be used
for the current running expenses OF
the two places and the principal shall
remain part of the endowment fund
forever
BY the terms of the will Mrs. Mar
garet Macmillan Mast and Mrs. Stella
M. Porter are named as the trustees
to have charge of this trust fund. 1t
is provided that the interest alone
shall be used for the purposes of the
trust unless circumstances change SO
as to render it insufficient, then, the
main fund may be drawn upon but
only on an order from the court. This
interest is to be used to defray the
necessary expenses of the trust and
to provide for the distribution of the
manuscripts and books. The trustees
are given full power to use this inter
est fund to any extent dictated by
their judgment for the publication and
free distribution of the manuscripts.
The trust shall in no case cease until
at least as many as $50 copies shall
have been printed. bound and dis
tributed gratuitously mainly through
donations to public libraries This is
the minimum number and no limit Is
placed on the matter of additional pub
locations and free distribution. This
matter lis left to the Judgment and
conscience of the trustees after read
ing and studying the manuscripts pro-
viding that it is kept within the limit
of expenditures made possible by the
interest fund. This fund shall remain
in force until all the provisions have
been complied with, including the pup
fishing and distributing OF the works
or the preservation and disposal OF
manuscripts that were left uncomplet-
ed. provided that it shall in no event
continue for period contraVen1ng the
statute law giving perpetuit1es. 1t
shall cease or terminate only on order
of the court and be dissolved and dis
tributed together with the accumulated
interest provided all the qualifications
have been complied with.
BY a coiicil Mr.. Mast has stated that
this trust created shall. not close or
terminate nor be distributed until af-
ter the death of the trustees of the
fund and that interest from this fund
shall be used as an income for the pub
fishing Of the manuscripts, for the
publishing of the incomplete stories
left at the time of his death, and for
the relief of want which through sick
ness, misfortune Or any other cause.
save extravaganza, shall have come to
any Of the parties connected with the
trust fund for which 1t is, in a mea-
sure, :, protection. The interest shall
also be used for the bestowal of any
charities which the trustees believe
that Mr.. Mast would have bestowed
should he be living and this applies to
individuals as well as any other chart
ties. Mrs. Mast, and Mrs. Porter are
relieved from giving bond on the con-
dition that an annual itemiZed state
ment of all transactions under the
trusteeship shall be filed and approved
nv the court