Will of D. M. Massie creates two big trusts

MASSIE WILL

CREATES TWO

BIG TRUSTS

Which Provide Annuities

To Relatives, Friends,

And Employees of

Testator.

Ultimate Trust

For Citizens

OF CHILLICOTHE AND ROSS

COUNTY WHEN ALL OTHER

ANNUITIES SHALL CEASE

AND TRUSTS FULFILLED.

COUNTRY CLUB, O. S. U.,

PRINCETON UNIV. AND THE

FIRST PRESBYTERIAN

CHURCH GIVEN GENEROUS

SUMS FOR SPECIFIC TRUST

PURPOSES — PENSION FOR

FIRST NATIONAL BANK

EM­PLOYEES CREATED.

The will of the late D. M. Massie was filed for probate this morn­ing and is quite a lengthy one, being written in long hand by the tes­tator. It was dated April 26, 1926, and a codicil dated May 7, 1927, broadens the scope of trustees ap­pointed under the will and adds to some specific bequests.

The will provides for the distri­bution of the estate, after leaving his household goods and personal effects to his brother-in-law, Lewis P. Matthews, and his nieces, Llew­ellyn Hemingray and Carroll H. McAbee, in accordance with his per­sonally expressed wishes in life to them, along the following lines:

The house at 246 West Water street, a small brick residence, is left to Elizabeth Krick, as a testi­monial of regard and for kindness and services to his deceased wife, Juliet Matthews Massie.

All the rest of the estate is di­vided into two general trust funds, one known as the Juliet Matthews Massie trust fund, is to be admin­istered by Messrs. Lewis P. Mat­thews, Walter L. Roche and Lyle S. Evans, who are empowered to name their successors, and who are to keep the fund intact and alive and to pay semi-annually from the in­come equally divided to Lyde P. Matthews, Lewis P. Matthews, Llewellyn Hemingray and Carroll McAbee. At the death of these beneficiaries, the principal is to be divided per stirpes among the legi­timate descendants of the four last named and if no issue, they are to dispose of the same as directed in the distribution of the David Meade Massie trust.

This disposition the testator says is in accordance with his deceased wife's desire, that half of his prop­erty should go to the members of her family.

The D. M. Massie trust is made a perpetual trust, with continuing trustees, and the bequests made from the income are:

To his cousin, Anne T. Davies, payable semi-annually, on May 10 and November 10, $600 for life, a continuance of a trust imposed by his aunt, Mrs. Ann Trimble. In the codicil this is increased by an addition $100 a month.

After Mrs. Davies' death, the $600 is to go equally to his nieces' daugh­ter, Jean D. Warren, or the surviv­ors, as long as they shall live.

An annuity of $50 a month to Elizabeth Krick.

An annuity of $35 a month to Philip S. Harrison.

An annuity of $35 a month to Frances Eichenlaub.

An annuity of $25 a month to Mary Scheer.

An annuity of $25 a month to Mrs. Mary H. Roberts of Asheville, N. C., his mother’s companion.

An annuity of $500 a year until he shall become 30 years of age, to his god-son. Marcus B. Honey.

To the trustees of the First Pres­byterian church society, $180 yearly, so long as annuities of the D. M. Massie trust are payable.

The trustees may use for 17 years. $1,000 a year of the income, to be paid on the mortgage indebt­edness of the Chillicothe Country Club, providing the members pay each year, in dues and gifts. $4,000 a year, but this amount is not to be paid until the interest on the debt is first paid. His idea being to aid in maintaining a golf course and beeping the club up to its pur­pose. Each year thereafter, after the payments noted are made, the rest of the income shall go into a pension fund for the benefit of the employees of the First National bank, the trustees aided by the di­rectors of the bank to be guided in their best judgment in the distribu­tion of this pension fund among the employees.

When all the trusts have been filled, the principal is then to be divided as follows:

To the First Presbyterian church, $2,500 as a trust for the repair and upkeep of the memorial window to his grandmother, the trust to be known as the Susan Burton Mas­sie Fund.

To the trustees of the Ohio State University, a trust fund of $17,500, the income to be devoted to the purchase of books for its library. The testator expresses the hope that this fund may be made a part of the irudicble [sic] irreducible debt of the state.

To Princeton University, a trust fund of $30,000, to be devoted through its income to books for the university library.

In the codicil he adds specific an­nuities as follows:

An annuity of $100 a month to his colleague in his work in Cuba, Lawrence H. Thompson, of Dayton, Florida.

An annuity to his former secretary while in Cuba, Miss Ann Singleton, of Cocoa, Florida of $500 a month.

To his nurse, Blanche Dunlap, an annuity of $50 a month.

He then broadens the power of the trustees named in the will, by giving them a wider latitude in their disposition of monies set aside for the Country Club, and he then pro­vides that after all bequests have been paid and the trusts have been terminated through death of those receiving annuities, the balance of the principal shall become a per­manent trust, to be used to pro­mote the health, happiness and welfare of the citizens of Chillicothe and Ross county. This being changed by the codicil as a better way than to limit it to a Y. M. C. A. movement, as indicated in the original will. The judgment of the trustees is left for the disposition of the income created from this ultimate trust of this rather large es­tate.

The will was witnessed by Cyrus Hoffman and Milton J. Scott.

He directs that all his debts and funeral expenses be paid and that his residence be kept occupied and open for six months after his death and that the employees be kept on there and on the payroll during that time, with a view to having their aid in the final disposition of the household goods, etc.