Case Name: In the Matter of the Application of Chemung Canal Trust Company, as Successor Trustee to Isaac Baldwin for Marjorie Elizabeth Baldwin, under the Last Will, etc., of J. Scott Baldwin, Deceased, Respondent, for an Order to Mortgage the Real Property of Said Decedent. John De Jarnette Micks, Jr., and Others, Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1934-01
Citations: 241 A.D. 633
Docket Number: 
Parties: In the Matter of the Application of Chemung Canal Trust Company, as Successor Trustee to Isaac Baldwin for Marjorie Elizabeth Baldwin, under the Last Will, etc., of J. Scott Baldwin, Deceased, Respondent, for an Order to Mortgage the Real Property of Said Decedent. John De Jarnette Micks, Jr., and Others, Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 241
Pages: 633–633

Head Matter:
In the Matter of the Application of Chemung Canal Trust Company, as Successor Trustee to Isaac Baldwin for Marjorie Elizabeth Baldwin, under the Last Will, etc., of J. Scott Baldwin, Deceased, Respondent, for an Order to Mortgage the Real Property of Said Decedent. John De Jarnette Micks, Jr., and Others, Appellants.

Opinion:
Order modified by providing that whenever the net income payable to the life beneficiary shall exceed $4,000 such excess shall be applied to or reserved for the payment of the principal of the mortgage, and as so modified affirmed, with disbursements of this appeal payable to all parties filing briefs, with leave to later apply for modification at the Special Term if conditions change. Hill, P. J., MeNamee, Crapser and Bliss, JJ., concur; Rhodes, J., dissents, with a memorandum.