Ontario Reports Volume 46

Ontario Reports Volume 46

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...Jul 26. NJ 23_ RE LUNNESS. The testator, domiciled in Ontario, died in 1915, leaving him surviving his widow, three daughters, and a son. The widow died in 1919. The testator's estate was valued at $335,000, comprising: 1 191 shares of stock in the Canadian Pacific Railway Company, the head office of which was in the Province of Quebec, valued at $221,377; his homestead in Ontario, valued at $8,600; lands in Alberta, valued at $5,000; and lands in Saskatchewan, valued at $40,000. The remainder of his estate consisted of mortgages, cash, stocks, and cattle. By his will the testator gave to his widow his household furniture and effects. He then ave to each of his three daughters 250 shares and to his son 50 shares of anadian Pacific Railway stock. After some pecuniary legacies, not now important, he, by clause 7, devised and bequeathed all his real and personal estate, not otherwise disposed of by his will, to his executors upon the trusts set out in six sub-clauses, which may be summarised as follows: (1) To allow his widow to occupy his homestead during her life and to pay her an annuity. (2) After providing for the be uests previously set forth, to dispose of any or all of his property situated in (Ontario at any time in their discretion within ten years from his deccase and to divide the proceeds e ually among his three daughters; and after the expiration of five years from ' decease to sell and dispose of all his property situated in Saskatchewan and Alberta and to divide the proceeds e ually among his four children, with a proviso as to the share of any chil who might die in his lifetime. (3) Until the "said partial division" of his estate should take place, to pay the balance of the income of the estate, after paying...
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Product details

  • Paperback | 252 pages
  • 189 x 246 x 13mm | 458g
  • United States
  • English
  • black & white illustrations
  • 1236854721
  • 9781236854728