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HomeMy WebLinkAbout1234_COLLINS_LOUIS_47_437_06-23-1931_06-29-1931•• ") ,:t ~~ WILL OF LOUIS COLLINS, ~"DECEASED: And now,June 29,19311 It being ~judged that Ba1d Wi1 has be~ duly proved,It is ~reb7 admitted to probate and ordered to be re- corded and Letters TestsmentarJ are issued $0 Bank of Charleroi and Trust 00•.Fannie C~111ns and Leonard R.Oollins 1n sa1d Testa- ment nsmed"1Ih 0 ware au!,.qualified. "R.J.Coulson, !legister'. W1ll Book,Vol.47 Page 4~ • ~ •• LAST WILL AND TEST ffiNT L PIS COLLINS,of the Borough of Char~eroi,County of Washington,and State of Pennsylvania,do hereby make,publish and declare this my Last Will and Testament in.manner and form following: FIRST:r direct that all my just debts,funeral expenses and expenses incident to the administration of my estate, be paid as soon after my decease as conveniently can be done out of the first monies available for that purpose. SECOND:It is my request,and I hereby authorize and instruct my Executors,hereinafter named,to purchase a cemetery lot in any location that is satisfactory to my Executors, and to see that I am properly interre d there. I also authorize and instruct them to expend any reasonable a moun t of money for the erection of a monument. THIRD:I give,devise and bequeath unto my beloved wife,FANNIE CO LI S,absolutely,and her heirs,my home property situate on ashington Avenue,Charleroi,Washington County, Pennsylvania,together with all household effects,such as furniture,fixtures,silverware,glassware,books,bric-a-brac, and all of my jewelry,contained in or about said premises. FOURTH:I hereby authorize and instruct my Executors,hereinafter named,to pay to my beloved wife, . F IE COLLINS,the sum of Four hundred i$400.00)Dollars a month until she has received her interest of my estate. The emount paid her,under tbi.s Paragraph,shall be charged against my estate as a whole and rot against my said wife's ihterest - 1 - •) FIFTH:Should I still ann a mortgage given by my lj3,000.00)Dollars,I then give and bequeath said mortgage to/ sister,ID COLLINS GOO ,in the sum of Three thousand her,with any unpaid interest due me,and instruct my Executors, hereinafter named,to satisfY said mortgage of record. Should the mortgage have been paid in ful~at the time of my decease,I then give and bequeath unto my sister, and her heirs,the sum of Three thousandGOOD ($3,000.00)Dollars. SIXTH:I give and bequeath unto =B==K:......::.OF=--=CHARL==E=RC'-0=I=--==::-......:T=R..:..;U=sr=-...;::C...;::O=M=PANY=-=.,the sum of Te n thousand ($10,000.00)Dollars,IN TRUST,NEVERTHELESS,for the following uses and purposes,and none other,to wit: TO HAVE AND 'TO HOLD,manage,sell,invest and re inve st the same from time to time,in its discretion,when this becomes adVisable or necessary,in safe interest bearing securities,not being limited to those securities designated under the La s of Ithe Commonwealth of Pennsylvania as "Trust Investments;"and to collect,receive and receipt for the monies,diVidends,income, rents,profits,and other gains arising therefrom,when due and payable,and after paying thereout the expenses incident to the management of the Trust,including the Trustee's compensation, pay the whole of s id net income,in quarterly installments,to my brother, life time. I C LLINS,of Wheeling,est Virginia,during his t the death of my brother,BE COLL S,the princip 1 of this Trust and any unpaid incame,less the Trustee's compen- sation,shall revert to and became a part of my residuary estate and p ss into a Trust hereinafter created for the benefit of my ite and three children. - 2 - • SEV TH:I give,devise and bequeath unto my son, LEO D R.COLLINS,and his heirs,my real estate situate at the Corner of McKean Avenue and Fif th S tree t,in the Bor ough of Charleroi,ashington County,Pennsylvania,known originally as the tt ONIC BUILDING,nand fo r the purpo se of plac ing a value on this bequest,I hereby direct my Executors,hereinafter named,to value this real estate at the sum of Fifty thousand {$50,OOO.00) Doll rs for the purpose of making an equi table distribution of the residuary of my estate as provided for in Paragraph Ninth of this,my Last Will and Testament. EIGHTH:I give and bequeath unto my beloved wife, F IE COLLINS,my son,I.E N D R.COIL INS ,and my two daughters, P ULINE CO I Sand ELEANOR VI LE T COLL INS,and thei r heirs,my merchandise business located in my building at the Corner of McKean venue and Fifth Street,known as"SONIC BUILDING,n in the Borough of Charleroi,Washingtan County,Pennsylv nia,known as "COLLINS t ST RE,tI share a nd share al ike,that is to s y,one- fourth (1/4)part thereof to each,and appoint my son, LEO D R.COLLINS,as Manager of said business at a sal ry of not less than Seventy-five (y?5.00)Dollars per week,and direct that said business shall pay my son,E NARD R..COLLINS,a rental for the store room occupied of not over Five hundred (",,500.00) Dollars per man th so long as my wife and chi ldren wish to opera te said business It is not compulsory,however,that they do operate or continue said business,but I hope they will be governed by the majority of them in the operation,retention or sale of said business. I further instruct my Executors,hereinafter named, -:3 - •• to turn over to sai d business the sum of Twenty thousand (*20,000.00)Dollar s as work ing capital to be used in the oper- ation of s id business. NINTH:All the re st,re sidue and rema inder of my estate,real,personal and mixed,where soever si tuate,of which I may die seized or possessed or to hich I may be entitled at the time of my decease,I give,devise and bequeath unto ===.:.=......:..:.:~~===,IN TRUsr,_SS,whereupon the same shall be diVided into four equal parts or shares,prOVided,how- ever,that the share of my son,IE {D R.COLLINS,in this residuary clause,shall be fi ured at Fifty thousand (v50,000.00) Dollar s less than the shares of my wife,F IE COLLINS,and my two 0 VIOLET COLLI S,fo the reason that I have willed to my son,.:LE=.;O==..:..:::.....::..:.:.......::..=== Para raph Seventh of this my Last ill nd Testament,my real estate located at the Corner of Fifth Street and Mc ean venue, in the Borough of Chc.rleroi,\ashington County,Penns lvania,on which I h ve laced a value of Fifty thousand (~50,OOO.OO) Dollars for the purpose of m ifig an equitable distribution of my estate to my wife and three children;and my Trustee shall hold,manege,invest and re-invest this fund from time to time, in their disoretion,in safe interest be aring se curi ties, irrespective of any law limiting the investments of trustees,and shall collect,receive nd receipt for the moneys,diVidends, income,rents,profits and other g ins arising therefrom,and pay out the net income,in quarterly installments,from one of said parts to my wife,F IE COLLI S,during the full term of her natural life;and wi th respect to the remaining parts,the - 4 - manner be paid to my daughter,ELE OR VIOLET COllINS,n mely, Five thousand ij5,000.00)Dollars at the ege of thirty (30)ye rs, and Five thousand L$5,000.00)Dollars annually thereafter until corpus of one part shall be paid Five thousand 00)Dollars to my son,LEO D R.COLLI S,when he a ttains the age of thirty (30)years,and the sum of Five thousand (5,000.00)Dollars each year thereafter until he shall have received his full share; Another of said shares or parts shall in like manner be paid to INS,namely,Five thousand (5,000.00)Dollars at the ege of thirty (30)years and Five thousand {j5,000 00)Dollars each year thereafter until she has • received her full share;and the remaining part shall in like time each of my children shall be entitled to receive the income from his or her share or part until he or she attain the age of thirty (30)years,and thereafter in like mnner the income on the deferred payments of corpus. t the death of my wife,F ~IE COLLI S,her share of I said Trust shall cease,and the principal and ny unpaid income shall revert to and become a par t of that portion of this Trust herein created f'or my three above named chi Idren,and should her decease be prior to the receipt by my above n med children of their share of the Trust,as hereinbefore prOVided,then and in that event the payments of their share shall be inoreased in proportion to the amount of the estate previously created for my wife,but should my above named children have received the full mnount of this Trust,prior to the death of my wife,F IE COLLINS,then and in that event they are to receive the full amount,share and share alike,of the part set aside for my be- loved Wife,~F==~~~~~= she shall have received her full share or part;and in the mean- - 5 - • TENTH:If,in the judgment of my said Trustees,the lnccme should not be sufficient for the proper care,maintenanct, and support of'my wife and children,I do hereby authorize my said Trustees,in their discretion,to add to said inccme such portion of the principal as they may think or conclude is reason- ably adequate for this purpose,which amount,when a.dded to the income as aforesaid,they are authorized to expend for the comfort support,and maintenance of my said Wife and children. ELEVENTH:In 'the event of the death of any of my said children,without leaving child or children him or her sur- viving,such deceased's share of said income and principal shall of his or her original share. the same time or times as is provided With respect to the payment be paid to the survivor or survivors in the same manner and at In the event of the death of any of myTWELFTH: said children,leaving child or children them surviving,such deceased's share of said inccme and principal shall thereafter be paid to his or her surviving child or children,share and share ~ alike,in the same manner and t the same time or times as is provided with respect to the payment of his or her original share THIRTEENTH:In the event of the decease of 11 of my said children and wife,before they have re ceived the full amount of principal and income fran the Trust hereincreated,without leaving child or children any of my three named children surviving this Trust shall end,and at the decease of the last surviving Child,or my Wife,as the case may be,the whole of this residu- ary estate shall be distributed to my next of kin under the Intestate laws of the Commonwe alth of Pennsylvania,in the same - 6 - •r manner as would be done had I died at that tim.e seized and in possession thereof. FOURTEENTH:It is my desire,and I request that in liable for any of the debts or obliga tions of ny of my s id bene- after named,and my Trustees,hereinbefore named,shall not be income authorized to be made hereunder by my Executors,herein- The payments 0 f both principal andFIFTEENTH: case of the death or resignation o~one of my Trustees,hereinbe- fore named,that the remaining two shall immediately elect or I appoint a successor,so that at all times there shall be three Trustees. to sell and convey any or 11 of the real estate of which I shall Executors,hereinafter named,and my Trustees,hereinbefore named, ficiaries,and shall not be sUbject to attachment therefore and shall not be anticipa ted or assigned by them or any of them. I her eby authorize nd empower mySIXTEENTH: die seized or possessed,or to which I may be entitled at the II time of my decease,and to make,execute,cknowledge and deliver all deeds or other assurances ma.y be re ui red to p ss title to the purchaser,without asking leave of Court so to do,and the purchaser sh 11 not be required to see to the application of the purchase money This shall be a can tinuing power and may be exerc ised at any time while any portion of my esta te remains unsettled. I hereby revoke nd annul all other and former ,ill s and testamentary dispositions by me at any time II her e tofare made. - 7 - • LASTLY:I nominate,constitute and appoint .:::B:.==..::=::....-=--======--==--===---=--==-==..:..=Y,F IE COLLINS,and II~L=E~N~AR~D~R~.~C~==I=N=S,Executors and Trustees under this my Last Will and Testament. (SEAL ) •D.,1929. IN WITNESS ERE OF ,I have hereunto se t my hand and .t./nJ.day of ~ i?~~ seal this Signed,se aled,publishe d an d declare d by the ab ove named Testator,LOUIS COLLINS,as and -for his Last Will and Testament,in the presence of us,ill,t his request,in his presence and in the presence of each other,have hereunto sub~ scribed our names as witnesses thereto. -8- ·t ~plicati for l)rohatt of lIill OL~~~ la'e oL aA~"t ,Washington Connty,Penmylvania,deceased,and ~rant of Idters ~estamentarp REGISTER'S OFFICE, WASHINGTON COUNTY,~sS.: duly swor~sp)that........"...:()~late reSident.of ..............~.......-r ··..4········a cItIzen of...............x1..~dIed at.lI/S..Y.O'CIOCk./;}m.,on the 2.&d..day of..........A.D.19:J.I leaving an estate of the estimated value of $.I().Q,.~,.tJO.per alty,and $(f4..{)otJ.~.. 'ea~?~~~~.~'••••.•.••••••r.=~•••• 'fhe decedent's legatees and devisees are as follows: (, RELATIONSHIP RESIDENCE~~mdfj;(~~ £(C( NAME --~l.........................•..•••..•......•••..•..•••~................;~£.a; Testator ·has ~arried and h..h hh ??tc?hh..children have been born since the ..............................................................................whose Swor~and scribed before me this......~f--.~a~~ -··••__•• •••.r-·>U/'..;1IIl ~~~."......_.__._._--_.__.._._. ~ /~ , •••r••••~•••_.......~.__•••••••••• Register. day oL . COMMONWEALTH OF PENNSYLVANIA,~S8. WASHINQ.T.DN COUNTY,~ And now)f~.:zf-...~,1~.(,com~:::,:::~;~~s~Y~~.~~:;~~~:.:~e ..~::~S.=d d~::::~ to the best 0 .s ~l 1 and judgment in strict compliance with the law~f...t9Js C~monw~alth,mindful of the laws relating to inheritance taxes.)oJ ~~UZ;;~r ~ /?/?UA-~ ~'""~~ !\) ~o,...........~ I "0~00~~~~A ~ ~~ '+-io <l).....~~ ~I~ U~ cv 0-).... A ~ O :2~'1:0::1iCJ)~'··z :_-'-::1o:i(l')::::lrc_.C\!mOILJ 1 ="'~-i-ul;; I..L :-.;w,·w:a:0::••-~_.:DC,'...,." rd~-~ ==0 >.<l) So..........-< ·1 ...,/'J • •(ttnmmnumruUq nf Jruu.ayluuuiu JJasI,iugtDu QI.ountg.ss:~ BE IT REMEMn:21~ l/i./.,before me /r9t .~... ~'~tters I A;;7t1:l~01J COU"....t>,'.f/Oo",",,""'-.L ..............r1?~..~bSCrib;"g wltnesse 0 the 10regOingutt~hed~i/l 01 deceased,who,after being duly qualified according to law,dePose and scp Th~t they were present ~t the/jcution. of said Will-saw the testat ~.#ign the same-"!..~ublish it as and j01".~ last Will and Testament;that they at .L:LL.J..request,i~presence,and ttl the presence of each other, subscribed their ?tames thereto as witnesses;and at the time of the doing thereof said testat...tr3..... souttd,disPosing mittd,memory and understanding,to the best ofthe affiants'knowledge and belie/. ORN AND SUBSCRIBED BEFORE ME.~~~ ....was of