The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-12-14
Weber Case 10 Brought to Close
Yesterday When Deed OF Trust
and Agreement Are
Filed.
WIDOW ADMINISTRATORS
Shares Of Stock Go to Frank j. Weber,
Also Real Estate-Grand-
children Receive
Gifts.

A stipulation was filed yesterday
in the Weber will contest which
brings litigation to an end in this
proceeding. The final steps wero
taken yesterday afternoon, and the
matter brought to a close. 1t IS
agreed in the stipulation that the Will
not be probated as offered, by eitheI
side, and that the property descend
in accordance to the terms OF the
stipulation and that Sadie German
Weber, the widow, be the admins
tratrix.
Five hundred and thirty.six shares
of stock Of the A. Weber COM
pany are. assigned to Frank j.
Weber with all rights to ac-
cumulated surplus and all divl-
dends hereafter arising, including
those for the fiscal year. The real
estate at 52S Main street and II and
10 South Sixth street belong TO
Frank J. Weber Sadie G. Weber is
to execute the necessary conveyances
to make the title effective and the
property is to be clear of incum-
brances. The transfer will be made
on payment Of $2.425.
To Francis j. Weber is given the
coin collection willed by his grand
father; to Alois J. Weber, the watch
and chain, and to Mary Corrine Web
er the diamond stud, her baby picture.
and ring. To all three Of the grand
children are given the library and
books, as provided in the will.
The balance of the estate goes to
Sadie G. Weber, out of which she Is
to pay all claims, debts, charges
and Inheritance tax. Frank j. Web
er and wife quit claim to Sadie G.
Weber the homestead in the city, and
Sadie G. Weber agrees to administer
the estate and close it up as speed
lily as possible. Sadie G. Weber who
owns fourteen shares Of stock in A.
Weber Co., agrees to sell same on
payment of $1,S55.
The Deed Of Trust.
In connection with the stipulation
there is executed a deed Of trust by
Frank J. Weber and wife, whereby
they transfer to Carl A. Weber as
trustee. the real property and cor
porate shares Of the A. Weber Co..
and the trustee Is to have the voting
power OF the stock to pay all taxes,
insurance and repairs and other ca
penses out of the proceeds. Afte-
this is done, two-thirds of the ne.
profits go to Frank ]. Weber for the
first seven and one-half years, ana
the remaining one-third is divided be-
tween Francis j., Alois and Mary
Corrine Weber. The deed provids
that in event Of his death before the
seven and a half years, one-third OF
the shares goes to Frank ]. Weber's
widow. and the balance is divided
between his three children.
After seven and one-half years the
proceeds are divided one-har Co
Frank T. Weber and one-half between
the children In the event OF his
death, one-third goes to his widow
and the balance to his children. The
deed provides that If the business OF
the corporation should become I'M
profitable for three years In success
sion, the beneficiaries under the deed
who are entitled to four-fifths OF the
income, have the right to demand a
winding up Of the property.
In any event, the trust automatic
ally comes to an end in fifteen years,
and the trustee is authorized to dis
tribute the property in the proportion
proper under terms of the deed.
By unanimous consent Of the bene-
ficiaries, the trust may, however,
be continued.
In case the trustee elects not to
serve, the beneficiaries can name
one, or If they fail, the district court
is to name one. The trustee is TO
give bond, unless the beneficiaries
waive this, and he Is to get one per
cent Of the income as compensation,
and additional If he performs extra
ordinary services. The net rentals
are to be distributed February j, and
August l, each year, and the divi
dends of stock as declared.