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NATIONAL NEWARK AND ESSEX BANKING CO. v. OSBORNE

19 N.J. Super. 175 (1952)

88 A.2d 229

THE NATIONAL NEWARK AND ESSEX BANKING COMPANY OF NEWARK, TRUSTEE UNDER THE LAST WILL AND TESTAMENT OF NELLIE BOND OSBORNE, DECEASED, PLAINTIFF-APPELLANT, v. VERA GRACE OSBORNE, ET AL., DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided April 25, 1952.

Attorney(s) appearing for the Case

Mr. Philip Goodell argued the cause for the plaintiff-appellant (Messrs. Goodell and Allcorn, attorneys).

No appearance for respondent.

Before Judges EASTWOOD, BIGELOW and FRANCIS.

The opinion of the court was delivered by EASTWOOD, S.J.A.D.

The plaintiff, The National Newark and Essex Banking Company of Newark, substituted trustee under the last will and testament of Nellie Bond Osborne, deceased (hereinafter referred to as "the trustee"), appeals from the judgment of the Chancery Division, denying its application to reinvest the corpus of the trust estate created by the testatrix. The trial judge held that the objects of the trust would...

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