Court Opinion

ID: 3624611
Source: CourtListenerOpinion
Date Created: 2016-07-06 00:05:31.602058+00
Date Added: 2024-06-11T09:21:58.505228
License: Public Domain

I concur in the result, because the will directs the application of rents, arising from lands not mortgaged, in payment of mortgages upon other lands, in violation of section 55 of the Statute of Uses and Trusts, which, in my opinion, authorizes the leasing of lands in the usual way, but for the purpose only of satisfying any charge upon the particular lands leased. I do not agree with the conclusion of the chief judge that a valid trust cannot be created to lease lands, in the ordinary sense of the word "lease," for the purpose of discharging liens upon the specific lands directed to be leased. I feel bound to follow the later case of Parks v. Parks (9 Paige, 107), where the question was before the court and was necessarily decided by the chancellor and, on appeal from his decree, by the Court of Errors also, rather than the earlier case of Hawley v. James (16 Wend. 62), where the *Page 154 
question, although ably discussed in one of the five opinions delivered, was not before the court, and no opinion was adopted by the court.
GRAY, O'BRIEN and BARTLETT, JJ., concur with PARKER, Ch. J. MARTIN, J., concurs in result, and VANN, J., concurs in memorandum; HAIGHT, J., dissents.
Judgment accordingly.