Decedent died in 1922. The trustee requests a construction of his will dated March 6, 1922, insofar as its investment powers are concerned. In paragraph Eighth of his will the decedent "permitted" his executor and trustee to retain any investments made by him "irrespective of whether or not they are securities which trustees under the laws of New York are entitled to hold or acquire." The same paragraph continues: "However, with regard to...
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