HomeMy WebLinkAboutOC1969-0118 - ESTATE OF SKELLY·""
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Personally before me,thp .undersumed authnrity,a.......112JoC3,:cY.PJJJ?.:lwiG.p..-in ..and for said-Rlcnarcr~.uolan,Trus~rrlcer ••~.~.
County and State,appeared M-a~.ie...c.•....sk.-e.1J..Y.·-&..Wm-;.··-She-r:wGGQ....£k-elW!to,being duly
sworn according to law,depos~and say,$that ~~the executoI'SOX ::lulm~ooxof thees-
tate of ~9.hn S.~Qt.t.._Skgll.y.~ee1t¥e<F.:ttl1at the foregoing schedules constitute-a
complete inventory and appraisement of the real and personal estate of .Jobn..Sc.ott...Skell.y
deceased,except real estate outside the Commonwealth of Pennsylvania;that the figures opposite
each item of real and personal estate in the foregoing schedules are determined and stated by the
undersigned to be the fair value of said items as of the date of the decedent's death,based upon a
just appraisement of each item made by the above named Executors im~
.
J S;.~;:~.J.:'b.scribed belf"'9~m;Ihi:j1.r?.}.~.y.~.~.~~~~~t:.~~~~...~~
MARY CQ!,Altil ~1ont1rfRDallC'c",,,~,,,.~,~YQ\~PITTSBURGtY.:M'~Y.........~~.~:.....~.....~......·•.Richard E.Dolan,Trust lfice
:'v:Y COMMISSION EXPiRES ;"P~L 9 1973 By Y., •
Member.PennsylvaniaAssoci~t:ol\ofNotarjes ADDITIONAL INSTRUCTIONS M C Sk 11 '..arle . e y
1.An inventory must be filed within three months after appointment of personal representative.
2.A supplemental inventory must be filed within thirty days of discovery of additional assets.
3.1 Original and 2 Copies and 2 RCRI-34,Under $10,000;1 Original and 2 Copies and 2 RCRI-33,
Over $10,000,including Copy of Will;1 Original and 3 Copies andi2 C 3,Over $50 0 ,in.
eluding Copy of Will and copy of Federal Estate Tax Return.
REFERENCE FOR ADDITIONAL CO
Act of 1947 P.L.513 Sec.5.2,72 P.S.4844.2 William Sherwood
Executors
3Jlttteltto11l aub .Appraisemeltt .of the goods and chattels,rights and credits which
were of .late of .
Washington County,Pa.,taken and made in conformity with the above affidavit.
Cash
Western pennsylvania National Bank (Monongahela Office)
Balance of checking account #042-350-942 $24,236.25 \
united States of America Treasury Bonds
$25,000 2~/o due 12/15/72
35,000 3~/o due 11/15/98
10,000 4~/o due 8/15/92
22,500.00
25,681.25
7,842.50
united States of America Savings Bond
$500 Series "E"#D2 261 661 E issued June 1942 874.80..
Municipal Bonds
$15,000 Ambridge Borough Municipal Authority,Sanitary
Disposal Revenue Bonds,3.90%due Aug.I,1995
$15,000 Baldwin Whitehall Schools Authority School
Building Revenue Bonds,3.50%due March I,1995
$15,000 Brownsville Municipal Authority,Sewer Revenue
Bonds,5.85%due Dec.I,2008
$10,000 Borough of Charleroi Water Revenue Bonds,
3.125%due May I,1988
$15,000 Charleroi Area School Authority School Building
Revenue Bonds,3.25%due Jan.I,1975
$10,000 Charleroi Area School Authority School Building
Revenue Bonds,3.70%due July I,1994
$10,000 Clarion Joint School Building Authority School
Building Revenue Bonds,3.95%due Jan.I,1981
$5,000 Clarion Joint School Building Authority School
Building Revenue Bonds,3.95%due Jan.l,1982
10,875.00
10,050.00
14;625.00
6,600.00
12,900.00
-6,900.00
8,300.00
4,100.00
(continued)155,484.80
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Munici~al Bonds (continued)$155,484.80
$10,000 Eastern Crawford County Joint School
Authority School Building Revenue Bonds,
3.875%due Oct.1,1985 $7,600.00
$15,000 Elizabeth-Forward Joint School Authority
School Building Revenue Bonds,3.05%due
March'1,1983 10,650.00
$10,000 Greater Johnstown water Authority Water
Revenue Bonds,3.9~%due Jan.1,2004 6,900.00
$20,000 Greenville Union School Authority Revenue
Bonds,3.65%due Jan.,l,1982 16,100.00
$5,000 Liberty Borough Sewer Authority Sewer
Revenue Bonds,4%due July I,1975 4,625.00
$10,000 Liberty Borough Sewer Authority Sewer
Revenue Bonds,4%due July 1,1976 9,150.00
$10,000 Lower Bucks County School Authority
School Revenue Bonds,2.625%due Aug.1,1976 7,800.00
$10,000 Lower Bucks County School Authority School
Revenue Bonds,2.75%due Aug.1,1994 5,600.00
$10,000 Monongahela Area Joint Authority School
Building Revenue Bonds,3.75%due ~ov.1,1992 7,100.00
$10,000 Moon Schools Union School District Authority
School Building Bonds,3.60%due Nov.1,1986 7,250.00
$10,000 Norwin School Authority School Building
Revenue Bonds,3.65%due Jan.1,1982 7,900.00
$10,000 Peters Township Sanitary Authority Sewer
Revenue Bonds,3.80%due Aug.1,2005 9~700.00
$10,000 Philipsburg Osceola Area School Authority
School Revenue Bonds,5.40%due July 1,1998 9,100.00
$10,000 Pleasant Hills Authority Sewer Revenue
Bonds,3.45%due March 1,1988 7,150.00
$20,000 Public Auditorium Authority of Pittsburgh
and Allegheny County,3.90%Auditorium Bonds,
due Dec.1,2001 14,000.00
$15,000 State Highway and Bridge Authority,4.10%
Serial Bond,due Dec.15,1986 13,050.00
$15,000 State Public School Building Authority
School Lease Revenue Bonds,3.70%due May 1,1961 11,325.00
$10,000 State Public School Building Authority
School Lease Revenue Bonds,4%due Nov.1,1995 7,500.00
$5,000 Township of South Fayette Tax free General
Obligation Bond,3.50%due April 1,1969 4,975.00
$5,000 Susquehanna valley School Authority School
Revenue Bonds,5.50%due March 1,1998 4,575.00
$10,000 Titusville Area Joint School Authority
School Building Revenue Bonds,3.30%due Dec.1,1995 6,500.00
$15,000 Uniontown School District Authority School
Building Revenue Bonds,4.25%due Oct.1,1990 12.000.00
343,034.80
(continued)
~-,-,:>-------------------....,...~..~-:,----....
stocks
2110 shs.
613 shs.
216 shs.
300 shs.
1276 shs.
"-,
,"
100 shs.
403 shs.
1200 shs.
5732 shs.
2792 shs.
200 shs.
552 shs.
200 shs.
200 shs.
4203 shs.
438 shs.
9470 shs.
390 shs.
1 she
American Telephone &Telegraph @53.25
Central Penn National Bank of Philadelphia
@76.00
Chase Manhattan Bank @82.00
Dividend thereon x-date 1/14/69
Conbustion Engineering,Inc.@70.4375
Dividend thereon x-date 12/17/68
Consolidated Edison Company of New York
@34.0,E)25".Equ~table Gas Company @39.00
International Paper Company @37.4375
S.S.Kresge Company @38.5
Marathon Oil Company @51.0625
Mobil Oil Corp.@57.5625
National Biscuit Company @49.5
Pittsburgh National Bank @69.25
Sinclair Oil @112.125
Standard Oil of New Jersey @77.1875
Texaco,Inc.@81.875
Union Oil Company of California @57.375
Dividend thereon x-date 1/10/69
western Pennsylvania National Bank,
@26.75
F.W.Woolworth Company @32.875
Monongahela Country Club
$343,034.80
$112,357.50
46,588.00
17,712.00
129.60
-21,131.25
180.00
43,463.75
3,900.00
15,087.31
46,200.00
292,690.25
160,714.51,'
9,900.001
38,226.00
22,425.00
15,437.50
344,120.63
25,130.25
153.30
253,322.50
12,821.25
100.00
Worthless Securities
10 shs.Textile Properties,Inc.,Pfd.
8 shs.International Combustion Engineering
100 shs.Mexico-Ohio Oil Company
One-eighth (1/8)mineral interest in 40 acres Creek
County,Oklahoma,described as Section 24,Township
17N,Range 9E
Miscellaneous
One (1)lot Household Goods
Nemacolin Country Club Membership Certificate
-0-
-0-
-0-
-0-
1,817.25
-0-
$1,826,642.65
============
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ON!U?~':\1"1 J SSnH
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY
ORPHANS'COURT DIVISION
NO.63-69-118
ESTATE OF JOHN SCOTT SKELLY,DECEASED
FIRST AND FINAL ACCOUNT OF MARIE C.SKELLY,WILLIAM S.SKELLY
AND WESTERN PENNSYLVANIA NATIONAL BANK,CO-EXECUTORS
1-5961-8 Date of Death:January 22,1969
Letters Granted:January 29,1969
Grant of Letters advertised:February 27,196~
Acco'mt stated to October 20,1971
SUMMARY
SCHEDULE A
PRINCIPAL -PERSONALTY
INCOME -PERSONALTY
768 _5~
$
i~
23,900.6-:~
III ::;
I I'
t'·:II
1,427,361
1
,7 I ,452,030 96
1
:
I I
1 ,:
2 '489~i-3 :Ii
I Ii
118,449.6:120,939l00'
I ::~::::::~:::
i ;:I I;I !:
II
i Ii
)1
\1 1
:1
'I
"I
I
I Ii
tl ,876,7.8 3 -3~l 1.
1
424,752 _4;c..\1
.-'(1,452 , 0 30 96il
i ~-'I 1
:i I
I Ii !Ii
i II I;,
$128,985!_4~l Ii
8,046.4..)Ii
,I 'I 120,939 00':
I',
i d::~::::::L::11
1 ;1
I \1Iii"'I".;
II
'I
pages 11-16
page 16
Balance
Net Balance
pages 1-6
pages 6-10
Balance
SCHEDULE B
Advance Distributions
(see Exhibit No 1,pages 17-20)
Receipts
Disbursements
Income Personalty
Cash
Advance Distributions
(see Exhibit No.2,page 21)
Net Balance
The Balance consists of the following:
principal -Personalty
Cash
$25,000 united States Treasury Bills
due 4/30/72
Receipts
Disbursements
\
------------------------1
,r
Estate of John Scott Skelly
SCHEDULE A
PRINCIPAL -PERSONALTY
I
1969
May 20
August 20
RECEIPTS
Inventory and appraisement filed
Add to Principal
108 shares Chase Manhattan Bank,received
as 50%stock dividend
3,600 shares Texaco,Incorporated,received
as two (2)for one (1)stock split
-0-
-0-
II$L,826 ,642 .165 I
I
ilII
Ii
II
I
,I
II IIi
'j
i \1
I :11,124 .16 5 II
I II
I'i!
!!l
"il
II
I2,157~50
I
I,,
16 ~32 ~
!j!
I
1.076 101
9,318 75
Application of United States Treasury
Bonds for payment of Federal Estates Tax:-
1.$10,000 p.v.4.25%due 8/15/92
Redemption Value $10,000.00
Inventory Value 7,842.50 $
2.$35,000 p.v.3.5~~,due 11/15/98
Redemption Value $35,000.00
Inventory Value 25,681.25
!
IIIIII /:3.$25,000 p.v.2.5~~due 12/15/72 1 'I!,'
Redemption Value $25,000.00 IiInventoryValue-=2=2.L::..5.::::0.::::0~•.::::0.::::0~1__-=2.L::..5.::::0.::::0..;..::::0.::::j0,13,976.1#:
Amount Forward S1,841,743 t51'
I
I
I
Proceeds,sale of fractional share
of C.P.Financial Corporation,resulting
from a 5%stock dividend
Proceeds,sale 2,110 American Telephone
and Telegraph stock rights
Proceeds,sale 1,276 Consolidated Edison
Company of New York,.stock rights
Increase in Value -~Covenant
91 shares C.P.Financial corporation,
received as 5%stock dividend
July 28
1970
April 24
Sept.30
Jan.30
1970
Jan.30
-1-
,(
~:st8te of John Scott Skelly
1,841,743 55
I
i
I
96,241.00 -0-Redemptlon (varlOus dates)
Amount Forward
Amount Forward 1,841,743 .55
!Schedule of Short Term Investments---9 t
ch 3 $16,000 United States Treasury Bills,
cost @ 99.656 due 3/20/69 $15,945.00
Redemption 3/20/69 15,945.00 -0-!
II
If----.-
IUnitedBills,ch 21 $16,000 States Treasury I I'due 9/18/69 cost @ 96.855 $15,496.80 ,
'/Redemption 9/18/69 15,496.80 -0-
I III:
8 $105,000 United States Treasury Bills,I IIdue11/6/69 cost @ 96.926 $101,772.53 I,
IRedemption11/6/69 101,772 f2 -0-
tI
21 $100,000 United States Treasury Bills,I I Idue11/L3/69 cost @ 96.94675 $96,946.!75 1,'IRedemption11/13/69 96,946./75 II -0-I;
i I II!~
i II i:17 $27,000 United States Treasury Bills,IieI I 'II'Idue9/25/69 cost @ 98.1391 $26,497 ·i58 ;1 IIIIRedemption9/25/69 ,!26,497.158 !i -0-I!
"~I
I Iiust8$36,000 United States Treasury Bills,
$35,474·i09i;
j ,I:;due 10/23/69 cost @ 98 539 ,
Redemption 1()j23/69 35,474.109!'-O-j
:l
r\I
:r j II
t .19 $16,000 United States Treasury Bills,I I
IIdue3/19/70 cost @ 96.295 $15,407.20 ,I
Redemption 3/19/70 15,407.20!-0-i/I,
I I:!!:
,I I iIt .26 $27,000 United States Treasury Bills,I IIi:Iidue3/26/70 cost @ 96.278 $25,995.06 1
1 /:Redemption 3/26/70 25,995.06 -0-,I,:
I I.24 $36,000 United States Treasury Bills,I :due 4/23/70 cost @ 96.3802 $34,696 .~8 IIRedemption(various dates)-0-I,
I
I
34,696.88
I r
.10 $105,000 United States Treasury Bills,I ::I';1due5/7/70 cost @ 96.2895 $101,103 ~'98 IiRedemption4/24/70 101,103.98 -0-I!I
I "'I14$100,000 United States Treasury Bills,
due 5/14/70 cost @ 96.241 $96,241.00 I j
May
May
Mar
196
Mar
Aug
Jun
Oct
Sep
Sep
Nov
Nov
-2-
.r
f:state of John Scott Skelly
I
Amount Forward ~1,841,743 5511970
March 20 $16,000 united States Treasury Bills,
due 11/30/70 cost @ 95.2497 $15,239.9€
Redemption (various dates)15,239.9€-0-
March 30 $27,000 United States Treasury Bills,I I,
Idue11/30/70 cost @ 95.7255 ~25,845.89 L:1
Redemption 11/30/70 25,845.89 -o-JI
May 15 $70,00'0 United States Treasury Bills,Idue2/28/71 cost @ 94.3288 $66,030.22 IiRedemption(various dates)66,030.22 1 -o-il
IINov.18 $9,000 United States Treasury Bills,Idue8/31/71 cost @ 95.6631 $8,609.68
IRedemption8/31/71 8,609.:68 II -0-
I·
III;Dec.4 $27,000 United States Treasury Bills,I II I!I:due 7/31/71 cost @ 96.6115 $26,085.111 ii I'I,Redemption 7/31/71 I .I -O-il26,085.111'1
1971 :1 ,I
II
,t !'I qMarch2$20,000 United States Treasury Bills,!
due 6/3/71 cost @ 99.0946 i!I ;I,$19,818.;93.Ii
Redemption (various dates)19,818.193,:II-0-I'
I Ii
i'lI'I.rune 4 $15,000 United States Treasury Bills,I I,
63 I ,Idue9/2/71 cost @ 98.8908 1$14,833.
II
Redemption 9/2/71 I 14,833.63 -0-
I i],August 4 $25,000 United States Treasury Bills,!II I,, ,,l'
23,900.67 II .'due 4/30/72 cost @ 95.6026 $,iIIiUnredeemedBalance23,900.67 II -o-j II
I II
I'~iSept.8 $10,000 United States Treasury Bills,Idue4/30/72 cost @ 96.7615 $9,676 .j16 t ·1
I
Redemption 10/20/71 9,676.'16 -0-t I
Amount Forward $J.;341,743 551i
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f:state of John Scott Skelly
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:il2,230l85il
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283l50ii
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333 ~24"
(1,841,743 551
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2sf 0011
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1,082l441i
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9,038l 0011
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III:
I'ii
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2,173 ~6011
Ii
5,00C.0{
4.975.0{
8,782.44
7.700.00
5,633.50
I
5.350.00i!
!I
II5,683.24 ~
5,350 '100
!I
f;3,524.b 6 1
8.025.00
$
$
$73,258.00
64.220.00,
,I,
I II!I
I II$34,27 3 .160 !I
32,100.jOO;1, I
i
$31,655.'8 5 ii
i29.425.00
$
$
i
I
$
Amount Forward
Gain on Sale of Assets------
Proceeds,maturity $5,000 p.v.Fayette
Township General Obligation Bond,
due 4/1/69,3.50%
Inventory Value
Amount Forward
Proceeds,sale 2,470 shares Western
Pennsylvania National Bank Corporation,
@ 30.00
Inventory Value
Proceeds,sale 200 shares S. S.K~esge Co.,
@ 44.375
Inventory Value
Proceeds,sale 1,200 shares Western
Pennsylvania National Bank Corporation,
700 shares @ 29.,500 shares @ 28.75
Inventory Value
Proceeds,sale 200 shares Western Pennsyl-
vania National Bank Corporation @ 28.50
Inventory Value
Proceeds,sale 200 shares Western Pennsyl-
vania National Bank Corporation @ 28.75
Inventory Value
Proceeds,sale 300 shares Western Pennsyl-
vania National Bank Corporation @ 28.75
Inventory Value
Proceeds,sale 1,100 shares Western
Pennsylvania National Bank Corporation,
600 shares @ 29.,500 shares @ 29.25IInventoryValueI
Proceeds,sale 232 shares Marathon Oil Co.,
200 shs.@ 54.625 -21 shs.@ 54.50
I Inventory Value
I
May 5
April 18
May 7
April 18
May 8
May 7
May 9
May 22
1969
April 17
-4-
r
~:slale of John Scott Skelly
Proceeds,sale 120 shares Atlantic Richfield
common,100 shares @120.25,20 shares @ 120 $
Inventory Value
-0-
1,858,109 901
I
I
1,307.301
I i
II!,:
I
$
$15,096.49
11,557.51
$16,744.80
15,437.50
$52,225.00
49,370.62
14,338.67 I
10,867.,49/I I
!II
! i$44,172 ./9 5 II
!:138,500 .\00 :\
:'i
I
$22,907.71 Ij
21 131.251,
II
'.i;I'22,425.bo II
I!
I
I:
$46,588 .b0 ;:
46,588.00 I -0-I ii'
(1,876,783 38
1$22,425.bo
Incorporate~
@ 87.25
Amount Forward
Proceeds,sale 603 shares Texaco,
500 shares @ 87.125,100 shares
3'shares @ 87.
Inventory Value
Proceeds,sale 200 shares Standard Oil of
New Jersey @ 84.25
Inventory Value
Other Changes in Investments
.!Proceeds,sale 200 shares National Biscuit Coi:,
@ 50.25
Inventory Value
Proceeds,sale 200 shares Atlantic Richfield,
cum.c.v.preferred,2.80%@ 76.
Inventory Value
Received 200 shares Atlantic Richfield,
cum.c.v.preferred 2.80%$11,557.51
AND 120 shares Atlantic Richfield
common 10,867.49
IN exchange for 200 shares
Sinclair Oil,common
Proceeds,sale 1,000 shares S. S.Kresge Co.,
500 shares @ 44.75,500 shares @ 44.50
Inventory Value
Proceeds,sale 300 shares Combustion
Engineering,Incorporated,100 shares
@ 77.125,200 shares @ 76.75
Inventory Value
I.Received 1,839 shares C.P.Financial Corp.
IN exchange for 613 shares Central
Penn National Bank of Philade1pia
Amount Forward
May 22
May 22
June 6
June 6
July 25
July 25
Oct.30
1969
May 19
Nov.7
-5-
r
Estate of John Scott Skelly
Amount Forward 1,876,783.38 I
1969
May 12
Conversion of Assets without Gain or Loss--------------
Proceeds,redemption $500.United States
Savings Bonds,Series "E"
Inventory Value
$840.00
840.00 -0-
1,8~6,7831.381
=========r==1
DISBURSEMENTS
1969
Nov.6
1969
Feb.17
Feb.18
March 12
Family Exemption:
Marie C.Skelly,wife -Cash
1 share Monongahela Country Club
Administration Expenses
Washington County Reports,advertising
Letters Testamentary
G.Donald Gerlach,Esquire,reimbursement
for Probate of will and fifteen (15)
short certificates
Monongahela Publishing Company,advertising
Letters Testamentary
$
$
i
I
900.00)
100.00 $
II
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I,~I::,
1 ii
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33.i50,I .'.I i'II
II
12.50i
1,ODD,.00
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1,000.0011
!II:II
15.001
I:II
'II.
I
I75.!001
I
50.00
28.00
228.00 $$
Joseph Gilmore,Jr.,service fee for
appraisal of household goods,
711 Meade Street
Register of Wills of Washington County,
fifteen (15)short certificates
Register of Wills of Washington County,
filing the Inventory $8.00
additional costs-Grant of Letters 20.00 tt-------'-"""t-'-"-tt------+--Amounts Forward
Western Pennsylvania National Bank,service
fee for inspection of 711 Meade Street
April 10
April 22
1970
Feb.19
March 26
-6-
r
Estate of John Scott Skelly
Amounts Forward 228.00 $1,000.00
Reed,Smith,Shaw and MCClay,Esquires,
reimbursement for telephone tells,
automobile mileage and postage 33.97
Reed,Smith,Shaw and MCClay,Esquires,
for professional services rendered 30,750.00
Marie C.Skelly,Co-Executor's compensation 18,000.00
William S.Skelly,Co-Executor's compensation 18,000.00
Western pennsylvania National Bank,
CO~Executor's compensation 38,000.00 105,OIl.97
Proceeds,sale 438 shares Union oil
Company of California,400 shares @ 54.625
and 38 shares @ 54.50 ~
Inventory Value 1,435.1923,695 ·I~II25,130.25 I,
i I
I i3,756.92 I
3,900.00
20.00 I I
i I250.00
r250.00
I
I
I
250.I00I
I250.00 I
250.00
3,133.~8 I
l>4,403.148 $107,590 24;
Betty Kerns,termination pay
Mary M.Long,termination pay
Proceeds,sale 100 shares Equitable Gas
Company @ 38.>
Inventory Value
Preferred Claims i
National Ambulance Service,Incorporated,
ambulance serviqe to Monongahela Hospital
Decrease ~Sale of Assets
Semone Pender,termination pay
Luetta France,termination pay
L.M.Frye Funeral Home,funeral services
Amounts Forward
Jane Polaski,termination pay
Feb.5
Feb.5
Feb.5
Feb.5
Feb.5
Feb.'17
May 22
1969
May 5
1969
Feb.4
-7-
Feb.27
Feb.27
Feb.27
April 30
Estate of John Scott Skelly
Amounts Forward
Monongahela Memorial Hospital,balance due
Crall's Flowers,balance due for flowers
for the funeral
Dr.John G.Forsythe,for professional
services rendered
Dr.Howard W.Gadd,for professional
services rendered
4,403.48 $107,590.24
30.00
127.20
24.00
33.00
June 11
1970
Jan.6
1969
Feb.4
1Feb.5
Feb.7
Feb.17
feb.17
Feb.17
F'eb.17
Peb.17
Quintet Monument Company,balance due
for monument
Monongahela Memorial Hospital,balance
due per 12/29/69 statement
other Claims
West Penn Power Company,electric service
to January 18,1969 at 711 Meade street
Internal Revenue Service,4th quarter
Household Employees Withholding Taxes
William S.Gibson,M.D.,balance
due for services rendered,Mrs.M.Skelly
Bell Telephone Company of Pennsylvania,
balance due for phone service
Kaufmann's,balance due for purchases
Gimbel Brothers,balance due for purchases
Myers and Myers,balance due for purchases
Henson Cleaning S~rvice,balance due
for services
2,020.00
32.00
I
25.1°1
\1,i ,I
136.1111,
I
14.00 I
8L09
90.76 1
26.72
39.28
6.00
6,669.68
)
I
I,
.'I
\ I
I I
beb.17
Peb.17
Middle Monongahela Industrial Development.Assl.,
balance r~maining on pledge
I Frank H.Ries,balance due
Amounts Forward
-8-
50.00
5.00
473.97 $114,259 92
Feb.17
Feb.17
Feb.17
Feb.17
Feb.17
Feb.17
Feb.27
Feb.27
April 7
April 17
May 15
Estate or John Scott Skelly
Amounts Forward
Span and Taylor Drug Company,balance due
Nestis Service Station,balance due
Locust Grove Farms Irvin Dairy,balance due
A and S Market,balance due
First presbyterian Church,balance remaining
on 1967 pledge
Mrs.Marie Skelly,reimbursement for
wages and expenses paid
SakIs Fifth Avenue,balance due for purchases
Sears-Roebuck and Company,balance due
for purchases
Mrs.Marie C.Skelly,reimbursement
for expenses paid
Mrs.Marie Skelly,reimbursement for
expenses paid
Snodgrass and Company,preparation of
1968 Income Tax Return
473 97 $114,25S .9:';
79 28.::'I
32 50 I
II
8 20
139 87
200 00
1,267 86
235.00
IJune 11
1970
March 23
Malcolm L.Morgan,County Treasurer,
1969 Personal Property Taxes
Mrs.Marie Skelly,reimbursement for
bathroom repairs
Amount Forward
-9-
220.97 I I
I
3.600.bo 6.547
$120,807
47
391
I
I
IIII
r
Estate of /John Scott Skelly
Amount Forward
-10-
Taxes
Register of wills of Washington County,
Agent for the Commonwealth of Pennsylvania,
payment of Inheritance Tax,on account:-
6%of $1,500,000.00 $90,000.00
LESS:5%discount _4,500.00 S 85,50
Internal Revenue Service,payment of
Federal Estate Tax as follows:
Cash $137,759.28
$10,000 p.v.United States Treasury
B6nds~4.25%~ue 8/15/92 10,000.00
Accrued Interest 2/15/70
to 4/20/70 77.49
$35,000 p.v.United States Treasury
Bonds,3.50%due 11/15/98 35,000.00
Accrued Interest 11/15/69
to 4/20/70 534.67
\$25,000 p.v.United States Treasury
Bonds,2.5~~,due 12/15/72 25,000.00
Accrued Interest 12/15/69
to 4/20/70 219.78 208,59
Internal Revenue Service,additional
Federal Estate Tax 85
Register of Wills of Washington County,
additional payment on account of
Inheritance Tax 9.00
1969
April 21
1970
April 20
1971
August 26
Sept.14
$120,807 .39
O.00
,I
I!
I
I I Ii,I
I
:1
I
1.122 Ii I
III
I3.81
O.00 I 303.945 03
$424,752~42I'\'========r-
III
I
III
!!
I
I
I I
,,
I ,I,
I
.Estate of John Scott Skelly
II
SCHEDULE B
I.
,INCOME -PERSONALTY
I
,
RECEIPTS
Interest-Government Bonds
united States Treasury Bills
$16,000 due 3/20/69 paid 3/21/69 $55 0016,000 due 9/18/69 paid 9/18/69 503 2027,000 due 9/25/69 paid 9/25/69 502 4236,000 due 10/23/69 paid 10/23/69 525 91105,000 due 11/6/69 paid 11/6/69 3,227 47100,000 due 11/13/69 paid 11/13/69 3,054 3032,000 due 4/23/70 paid 12/22/69 290.55116,000 due 3/19/70 paid 3/19/70 592 80
I27,000 due 3/26/70 paid 3/26/70 1,004 94105,000 due '5/7/70 paid 4/24/70 3,634.69/I30,000 due 5/14/70 paid 4/28/70 1.055.72'170,000 due 5/14/70 paid 5/14/70 2,631.1 30 17,000 due 11/30/70 paid 5/21/70 ,!73.37'i
i 'I
9,000 due 11/30/70 paid 11/18/70 411.143 I:I27,000 due 11/30/70 paid 11/30/70 1,154•.111 II
I
I50,000 due 2/28/71 paid 12/22/70 2,356.4420,000 due 2/28/71 paid 2/28/71 1,134.221,000 due 6/3/71 paid 3/9/71 I 1.14I19,000 due 6/3/71 paid 6/3/71 172.0227,000 due 7/31/71 paid 7/31/71 1,914.899,000 due 8/31/71 paid 8/31/71 390.32
24,8521.6115,000 due 9/2/71 paid 9/2/71 166.37 $
IUnitedStatesTreasuryBonds,
II$25,000 -2~~due 12/15/72
Ipaid6/16/69 to 4/20/70 S 844.78 iII
I$35,000 -3~~due 11/15/98 I Ipaid5/15/69 to 4/20/70 1,759.67
II$10,000 -4~~due 8/15/92
'Ipaid4/17/69 to 4/20/70 714.99 3.319 44'Amount Forward $28,172 05
I!I
"Ii.,
!j
II
Ii -11-,I
II I
--
Estate of John Scott Skelly
Amount Forward
Interest -Municipal Bonds
$15,000 Ambridge Borough Municipal
Authority Sanitary Disposal Rev.Bonds,
3.90%due 8/1/95 paid 4/17/69 to 8/4/69 S
$15,000 Baldwin Whitehall Schools Authority
Building Revenue Bonds,3.50%due 3/1/95
paid 4/17/69 to 9/3/69
$15,000 Brownsville Municipal Authority,
Sewer Revenue Bonds,5.85%due 12/1/08
paid 1/2/69 to 12/2/69
$10,000 Borough of Charleroi,water
Revenue Bonds,3.125%due 5/1/88
paid 5/1/69 to 11/4/69
$28,172.05
585.00
525.00
877.50
312.50
$15,000 Charleroi Area School Authority
School Building Revenue Bonds,3.25%
due 1/1/75 paid 7/2/69
$10,000 Charleroi Area School Authority
School Building Revenue Bonds,3.7~~
due 7/1/94 paid 7/2/69
$10,000 Clarion Joint School Building
Authority School Building Revenue Bonds,
3.95%due 1/1/81 paid 7/2/69
$5 6 000 Clarion Joint School Building
Authority School Building Revenue Bonds,
3.95%due 1/1/82 paid 7/2/69
$10,000 Eastern Crawford County Joint
School Authority School Building
Revenue Bonds,3.875%due 10/1/85
paid 4/17/69 to 10/2/69
$15,000 Elizabeth Forward Joint School
Authority School Building Revenue
Bonds,3.05%due 3/1/83
paid 4/17/69 to 9/3/69
Amounts Forward
-12-
. I
243.75\
I i
i :1
185.100 Ii
197.50
I98.75 I,
387.50
457.50
3,870.00 $
I'
I
I
I
II'I
28'172 05!,I
Estate of John Scott Skelly
Amounts Forward
$10,000 Greater"Johnstown water
Authority water Revenue Bonds,3.90%
due 1/1/04 paid 7/2/69
$20,000 Greenville Union School Authority
Revenue Bonds,3.65%due 1/1/82
paid 7/2/69
$5,000 Liberty Borough Sewer Authority
Sewer Revenue Bonds,4%due 7/1/75
paid 7/2/69
$10,000 Liberty Borough Sewer Authority
Sewer Revenue Bonds,4%due 7/1/75
paid 7/2/69
$10,000 Lower Bucks County School
Authority School Revenue Bonds,
2.625%due 8/1/76 paid 4/17/69 to 8/4/69
$10,000 Lower Bucks County School
Authority School Revenue Bonds,2.75%
due 8/1/94 paid 4/17/69 to 8/4/69
$10,000 Monongahela Area Joint Authority
School Building Revenue Bonds,3.75%
due 11/1/92 paid 5/1/69 to 11/4/69
$10,000 Moon Schools Union School
District Authority School Building
Bonds,3.6~~due 11/1/86 paid
5/1/69 to 11/4/69
$10,000 Norwin School Authority School
Building Revenue Bonds,3.65%due 1/1/82
paid 7/2/69
~3,870.00 $28,172.05
195.00
365.00
100.00
200.00
262.50,1
I II
i ;j
275 100 I:·1I
375.00
360.00
182.50
$10,000 Peters Township Sanitary Authority
"Sewer Revenue Bonds,3.80%due 8/1/05!
paid 4/17/69 to 8/4/69
Amounts Forward
-13-
380.bo
6,565.00 $28,172 05
I
Estate of John Scott Skelly
Amounts Forward ~6,565.00 $28,172 .05
$10,000 Philipsburg Osceola Area School
Authority School Revenue Bonds,5.400~
due 7/1/98 paid 7/2/69 270.00
$10,000 Pleasant Hills Authority Sewer
Revenue Bonds,3.45%due 3/1/88
Ipaid4/17/69 to 9/3/69 345.00 I
I
$20,000 Public Auditorium Authority of
Pittsburgh and Allegheny County
3.600~Auditorium Bonds,due 12/1/01
paid 6/2!6~to 12/2/69 720.00
$15,000 State Highway and Bridge Authority
4.10%,Serial Bond,due 12/15/86
paid 6/12/69 to 12/6/69 615.00
I$15,000 State Public School Building
Authority School lease Revenue Bonds,I
3.70%due 11/1/86 paid 5/1/69 to 11/4/69 555.jOO I•
II
$10,000 State Public School Building i ;i I '\I:Authority School lease Revenue Bonds,II I \,4%due 11/1/95 paid 5/1/69 to 11/4/69 400.001
I
I
I$5,000 Township of South Fayette Tax I
Free General Obligation Bond 3.50%Idue4/1/69 paid 4/17/69 87.50
$5,000 Susquehanna Valley School I IAuthoritySchoolRevenueBonds,5.50%Idue3/1/98 paid 4/17/69 to 9/3/69 275.00
$10,000 Titusville Area Joint School
I IAuthoritySchoolBuildingRevenueBonds,I
I3.30%due 12/1/95 paid 6/2/69 to 11/2/69 330.00
II'I$15,000 Uniontown School District Authority III,School Building Revenue Bonds,4.25%
001due10/1/90 paid 4/17/69 to 10/2/69 637.50 10,800
Amount Forward $38,972 05
II
I
-14-
I
r
Estate of John Scott Skelly
Amount Forward $38,972 05
Stocks
American Telephone and Telegraph,
2,110 shares paid 4/8/69 to 1/6/70 .:$10,655.150
Central Pennsylvania National Bank
of Philadelphia,613 shares
paid 4/7/69 to 10/2/69
International Paper Company,403 shares
paid 4/7/69 to 12/18/70
Equitable Gas Company,100 shares
paid 3/19/69 to 6/4/69
S.S.Kresge Company,1,200 shares
paid 3/26/69 to 6/16/69
II
iII
t
t
II
II
1,020.60
540.PO
4'593.~0
I iII,
. II ,
2,481.~0 i
107.50
1,209.bo I I
I
202.bo
II
17,785.~O
1,839 shares
$551.70
C.P.Financial Corporation,
paid 12/23/69
1,930 shares paid 4/6/70
to 12/22/70
Combustion Engineering,Incorporated,
300 shares paid 5/12/69 to 11/3/69
Consolidated Edison Company of New York
1,276 shares paid 3/26/69 to 12/23/70
Chase Manhattan Bank,216 shares
paid 5/19/69 $145.80
324 shares paid 8/19/69 to 11/17/70 874.80
Marathon Oil Company,5,732 shares
paid 3/19/69 to 6/16/69 $4,585.60
5,500 shares paid 9/11/69
to 12/17/70 13,200.00
Mobil Oil Company,2,792 shares
paid 3/19/69 to 12/23/70
I National Biscuit Company,200 shares
paid 4/21/69 to 7/11/69
Amounts Forward
12,982.30
220.bo
$53,146.90 ~38,9721°5
-15-
Estate of John Scott Skelly
Amounts Forward $53,146.90 $38,972.05
153.30I
1970
June 11
Pittsburgh National Bank,552 shares
paid 4/21/69 to 10/16/70
Sinclair Oil,200 shares paid 3/19/69
Standard Oil of New Jersey,200 shares
paid 3/16/69 to 6/12/69
Texaco,Incorporated,4,203 shares
paid 3/19/69 to 6/17/69 $6,304.50
7,200 shares paid 10/3/69
to 12/30/70 17,280.00
union Oil of California,438 shares
paid 5/12/69
Western Pennsylvania National Bank Corp.,
9,470 shares paid 4/2/69 $2,083.40
4,000 shares paid 7/29/69
to 12/28/70 7,200.00
F.W.Woolworth Company,390 shares
paid 3/19/69 to 12/4/70
DISBURSEMENTS
Treasurer of Washington County,
Personal Property Tax
Western Pennsylvania National Bank,
income compensation
-16-
i
$
2,428.80
140.00
360.00
23,584.50
I
I I9.283~401 I
1 ;i I 'I
916.50 '90,0131.40:
!=::~~:~l~
307.32 I I
I
7,739.13 $8,046.451
=========t===:
II
II
r ----------------------------,
Estate of John Scott Skelly
EXHIBIT NO.1
$7,000.00
11,600.00
1969
May 13
1969
August 18
I Nov.7
Dec.29
Payments on Account of Distributive Shares
Principal Personalty
Mrs.Marie C.Skelly,wife
Delivered on (1)lot household goods
Marie C.Skelly,William S.Skelly and
Western Pennsylvania National Bank,Trustees
Under TrustlA"per Paragraph Third of Will
Cash
Cash
$15,000 Elizabeth Forward Joint School
Authority Bonds,due 3/1/83 3.05%
$10,000 Greater Johnstown Water Authority
Revenue Bonds,due 1/1/04 3.90%
$5,000 Liberty Borough Sewer Revenue Bon~s,
due 11/1/75,4%
$10,000 Liberty Borough Sewer Revenue Bonds,
due 11/1/76,4%
$10,000 Lower Bucks County School Authority I
Revenue Bonds,due 8/1/76,2.625%
$10,000 Lower Bucks County School Authority
Revenue Bonds,due 8/1/94,2.75%
$10,000 Monongahela Area Joint School
Authority Bonds,due 11/1/92,3.75%
$10,000 Norwin School Authority Building
Revenue Bonds,due 1/1/82,3.65%
$
10,650.00
6,900.00
II '
4,625.1001
i ,I
I
I:I
9,150.00 I
7,800.00
5,600.00 I
I7,100.00
7,900.00
1,817.25
j,
I
I 'j
I
I
$15,000 pennsylvania State Highway and
Bridge Bonds,due 12/15/86,4.10%
Amounts Forward
-17-
13,050.00
$91,375.00 $1,817 25
Estate of John Scott Skelly
Amounts Forward $91,375.00 $1,817 .21
1971
Jan.6
$10,000 Pennsylvania State Public
School Building Authority lease Bonds,
due 11/1/95,4%
$15,000 Pennsylvania State Public School
Building Authority lease Bonds,
due 11/1/86
$10,000 Peters Township Authority Sewer
Revenue Bonds,due 8/1/05,3.80%
$10,000 Philipsburg Osceola Area School
Authority Bonds,due 7/1/98,5.40%
$10,000 Pleasant Hills Authority Sewer
Revenue Bonds,due 3/1/88,3.45%
$20,000 Public Auditorium Authority of
Pittsburgh and Allegheny County Bonds,
due 12/1/01,3.60%
$5,000 Susquehanna Valley School Authority
Revenue Bonds,due 3/1/98,5.50%
$10,000 Titusville Area Joint School Area
Revenue Bonds,due 12/1/95,3.30%
$15,000 Uniontown School District
Revenue Bonds,Series "A"
due 10/1/90,4.25%
1,418 shares American Telephone &Telegraph
218 shares Chase Manhattan Bank
857 shares Consolidated Edison Co.of
New York
1,297 shares C.P.Financial Corporation
I 271 shares International Paper Co.
3,384 shares Marathon Oil Company
Amounts Forward
-18--
7,500 00
11,325 00
6,700 00
9,100 00
7,150 00
I '
14,000loo!
I ;/
I
I:
!
4,575 001
6,500 00
12,000 001
75,508 50
11,915 88
29,189 42
31,296 61
10,143 53
$501,106 98 $1,817.25
Estate of John Scott Skelly
Amounts Forward
1,681 shares Mobil Oil Corporation
371 shares Pittsburgh National Bank
4,518 shares Texaco,Incorporated
2,688 shares western pennsylvania
National Bank Corporation
262 shares F.W.Woolworth Company
$501,106.98 $1,8l7.~5
96,758.36
25,691.75
184,921.74
73,140.48
8,613.25
Jan.11 Cash
Marie C.Skelly,William S.Skelly and West-
ern Pennsylvania National Bank,Trustees
Under TrustlB"per Paragraph Fourth of Will
2.30 890,193.86
$10,000 Charleroi Area School Authority Revenle
Bonds,due 7/1/94,3.70%
1969
Aug.18,
I 7Nov.
Dec.29
Cash
Cash
$15,000 Ambridge Borough Sanitary Disposal
Revenue Bonds,due 8/1/95,3.90%
$15,000 Baldwin Whitehall Schools Authority
Bonds,due 3/1/95,3.50%
$15,000 Muncipal Authority of Brownsville
Sewer Revenue Bonds,due 12/1/08,5.85%i
$10,000 Charleroi Borough Water Revenue Bonds
due 5/1/88,3.125%
$15,000 Charleroi Area School Authority
Revenue Bonds,due 1/1/75,3.25%
$10,000 Clarion Joint School Building
Authority Revenue Bonds,due 1/1/81,3.95%
$7,000.00
I11,600.00 I
10.875.100 II I
i J I 'Ii:
10,050.100,1 I I
I
I
I
I14,625.00
6,600.00 I
I
6,900.00
12,900.00
8,300.00
$5,000 Clarion Joint School Building
Authority Revenue Bonds,due 1/1/82,3.95%~~4~,1~0~0~.FO~0~+-~1
Amounts Forward $92,950.00 $892,011 IIi
-19-
r,
Estate of John Scott Skelly
Amounts Forward $92,950.00 $892,011.11
$10,000 Eastern Crawford County Joint School
Authority Bonds,due 10/1/85,3.85%7,600.00
$20,000 Greenville union School District
Bonds due 1/1/82,3.65%16,100.00
$10,000 Moon School Union School District
Authority Revenue Bonds,due 11/1/86,3.60%7,250.00
1970
Jan.14 692 shares American Telephone &Telegraph
106 shares Chase Manhattan Bank
419 shares Consolidated Edison Company
of New York
633 shares C.P.Financial Corporation
132 shares International Paper Company
2,116 shares Marathon Oil Company
1,111 shares Mobil Oil Corporation
181 shares Pittsburgh National Bank
2,682 shares Texaco,Incorporated
36,849.00
5,796.12
14,274.33
,
15,291.39
4,943.78 I
108,057.129 II
I :1
63,956.115 :1
I
12,534.25
109,828.27
1,312 shares Western Pennsylvania National
Bank Corporation
128 shares F.W.Woolworth Company
-20-
35,712.02 1 I
4.208.00'535.3501 6011
c 1,427,361 711
=========1=;'=j'
I :
I'.III,
r
Estate of John Scott Skelly
EXHIBIT NO.2
Payments on Account of Distributive Shares
Income Personalty
1970
John Scott Skelly,Jr.,son
March 23 Cash $2,500 .00..It William S.Skelly,son,cash 2,500 .00IIIIMarieC.Skelly,wife,cash 5,000 ..00
I
IMarieC.Skelly,William S.Skelly and weS~er I
IPennsylvaniaNationalBank,Trustees !
Unde.r Trust "A"per paragraph Third of Will
1969
April 29 Cash $7,000.00,
August 13 Cash 7,000.00 j
Dec.5 Cash 9,000.00 II I1970
14.0SJ47il IMay8Cash
,!I :i
I 'IAug.4 Cash 6,470.137 Ii I,
I
I \
Dec.4 Cash 7,898.74
11971
J
60.883
r
73Feb.4 Cash 9.463.15
Marie C.Skelly,william S.Skelly and Wester
Pennsylvania National Bank,Trustees
Under Trust "B"per paragraph Fourth of Wil I I1969
00 I IApril29Cash$7,000.
IIAug.13 Cash 7,000.00 IIII
IDec.5 Cash 9,000.00
II1970
May 8 Cash 9,367.64 Ii
I<Ii,'?:!\,Aug.4 Cash ,,~....1;.:.~4,313 .58('"..
1971 ,
\:Feb.4 Cash 4,618.92 Ii
May 7 Cash 1.000.00 47.565 96
$118,449 69
=========1=:----
I -21-
I
• I
Estate or John Scott Skelly
COMMONWEALTH OF PENNSYLVANIA:
SS
COUNTY OF ALLEGHENY
I
I
I
'j
II
e accoun
account
-I I
I
IIbyth,III
I
to be offer
Penns I-
I
being
y
r C.Skel y
,I
Pfes:~dent
I
WES~(:dENNSYLVANIA N
BY:•Q-.J C-.,
Richard E.Dolan,Assist
REQUEST FOR DISTRIBUTION
Accountants request that distributi
Sworn and subscribed
in evidence at the audit of this account.
Af~~__~t-,1971.
BY:-4-~~d:~Q~~~~~:::==--!--L--_k-aPesident
Court in accordance with the Petition for
Richard E.Dolan,Assistant Vice pr sident,
as stated is true and correct as they verily believe.
to the filing hereof;that the disbursements shown in
have been made to the parties entitled there 0 and tha
and William S.Skelly and advertised more th n six
vania National Bank,Marie C.Skelly,and Wi liam S.
were granted to western pennsylvania Nation 1
duly sworn according to law.depose and say t at Letter
t
I No ?}:::.?~~~J 18
.
I
)·l
,
to .,
...I,
'';'
ESTATE OF •I
JOHN SCOTT SKELLY
First and Final Account of
MARIE C.SKELLY,
WILLIAM S •.SKELLY AND
WESTERN PENNSYLVANIA
NATIONAL BANK,CO-EXECUTOR,
...
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I dQ O"'tit«I~at I houo giue~I.qal notloe to all oerso".
'(tOnoeroed oj't"e /iling of 'he With;n "oonon'in the ma"ner f
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"ri>ed by Stnt"to and flule OJ'Court,o.eoidenOed by oroof,MJB71o!'flIer}to No.b3-7/..J35
·ct'...··"'*hand and O)}'8al 8eal thl•..i:.?l-5::..',,_.,...dO'rJi-L~......,191/...
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Balance Due $.
.......''''''''''''''''fl:
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For Sale by P.O.NaTy Co.~aw Blank Publishers
426 Fourth Avenue,Pittsburgh,Pa.16219
:r~~rn ::0 •
This account wa~3rfIi'sJiited and~esenfed-to the~•."..'Orphans':eourt ond confirmed nisi",t,.
-'"--'-4'-1 IJ1{;""t r:-'.._...I .......;-,.
j-?_rpJit:<5 --.l r::jNo.ra.;;..~(.-l..Y.'fJfiiJi9:.~..::::"::1 :,.:~;-.::'",;"
on ~.....~.a.Z ..::j?.21 ---._,,GvJ_~.'..
'.~.~.il.....I..]t~;;...
Clerk of Orphans'C~"rl
Fee $.
Filed _..
G.Donald Gerlach,Esquire
Reed,Smith,Shaw &McClay
747 Union Trust Building
f/gh .,Penna.15219 If
'~,&LJ"~
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PETITION SUR AUDIT
IN THE ORPHANS'COURT OF·WASHINGTON COUNTY
rTe~tate'Form J
Estate of J.9.hn..~.c;.Q.tL.~K?J)·.Y."'"
a/k/.9 J.•.S.•...Skfl.1.J..Y.#J.•...S.c.Q.t.t Sk.e.lly..
J'?!.>:~.:.~::?~~.~.~y..
Deceased
No ?).-:-.§~.::~J.~.
Fiduciary.Mg;t;".i.~...C.•...Sk~.l.ly.,...wm.•.S.•.Sk.elly
&West.Penna.National Bank
Date of Date of
Decedent's death Y.~n~9.fY ~.?,J:~.9.~Grant of Le'tters g.?g~.~~y.?~.(..)·.~§.~.
This is the .!~.~~~~.~~~~.~~.~account filed in this estate
If there have been former accounts filed in this estate,list file number or number and term NQ..JQ.~~.E?.:r .
account filed ..r _-__--------.-----_-__-_-.
Election to take
Under or Against will.(cross out one)
Date Election Place of;
Filed Record .
Name of surviving spouse M..~U;'j.:.~~.~~~~J.J:Y..
List issue,where material:
William S.Skelly,
John S.Skelly,
son,date of birth -September 24,1911
son,date of birth -Septmeber 7,1910
Did decedent marry after execution of will?(indicate)Yes.No.Any children born after execution of will?(indicate)
Yes.No.If answer yes,name them...P..E?~.E?9~.1}L.g.i.9...1}Q.t...m?;r;.fY...?J.t~.f.0.~~.E?~~.tA.9.g ...Q.~...WJJJ.~....rh.~.~e
we.x:e...no...childr.en..b.Qr.n..9.ft.e.r....e.x.e.~:.uti.Qn....QJ...W~.l.l.•..............................................................................
Leg.atees Relationship Intere.st",""Fiduciary,if deceased or not sui juris
Marie C.Skelly,William S.Skelly and Western pennsylvania National Bank,
Trustees
Under Trust "A"and Trust IIB tI 100%interest
List,if exceptions to above:
No exceptions
If partial intestacy,give facts:
No partial intestacy
Adeemed:"Revoked:Lapsed:Abated:Give Cause:
Notice to interested parties.Have all parties,having either vested or contingent interests and all crediors entitled
to notice (Court Rule No.9 paragraph C:Section 6:Subdivision c)received written notice of the filing of the account
and of call of audit?Yes.x/)da All such parties have received said Notice.
If any exception give cause:.~.Q E?~.9.~p.tA.9.p..~.
File copy of Notice Copies of Notice attached as Exhibit No.1.John S.Skelly
and date of mailing..J~.!:~.~;_~.<:l.~~.~..9.~E.S?!?~!:~.?!~.?.?~.!~~!.~~~.=~.~~.~~x:..~.'::?.
william S.Skelly letters dated December 7,1971
Is estate subject to the filing of a Federal Estate Tax Return?~;.~.~"k~.?...,:::;...::..:.~::,..:.
Actual payment made on Pennsylvania Transfer Inheritance Tax.Amount $.9.4.~.5D.Q...p.a.id_.Cr.ed.it.e.d..~i.th
$99,000 because of discount.."
If the Will makes any portion of estate subject to a life-estate,give name and birth date of life tenant .
See Below
Give Names and addresses of all unpaid creditors who are legally entitled to notice,tog-ether with the amounts
of such claims;state whether they are admitted to be correct;and whether the claim is denied.
Life Tenants
Marie C.Skelly
Birthdate
William S.Skelly
Birthdate
John Scott Skelly
Birthdate
711 Meade Street,Monongahela,Penna.15063
March 21,1900
115 Dutch Lane,Pittsburgh,Penna.15236
September 24,1911
916 N.Somerville,Pampa,Texas 79065
September 7,1910
Give reference to such parts of the will as require interpretation by the Court;a reference to 'all questions re-
quiring adjudication,and a statement of any other facts deemed necessary for the preparation of the adjudication:
None
"...
$1,572,969.96
$1,545,,811.40
Balan~e f~r Distribution per Account
LESS:Adv'ance DistributionsBalan~~for distribution_~~
Itemize~any additional debits not shown by account:
Income--Int.$lO,OOO u.S.Treasury Bills
due ~/30)72 paid 10/25/71 $77.23,_1
::l :":.;-::
$.?:.7.,.J.?f?:.~.?.
~,;..
.Total ~dditional debits (Add)$.7.7..•.:?}.
.'Itemize'any ciCiditional credits not shown by account:
fft)inc:~ll/,,4!?l'JRe'g.C):(wills~c6st';£J..1--.~-I"'~;",-,:•~;
'-~,ingCthe'Atc'bunt:'-f.)'--;:-~'.c,:":';:.:'-'6'6':0'0"::;-;--1 ~)-;::~01
Inc.W.Pa.Nat'l:J3k.income (CO~p.4.64
Correction-Int.-$27,000 U.S.Treas;.Bil.ls ~,
due 7/3~~71 in ~rror in amount of 1,000.00 1 064 64Totaladditionalcredits(Subtract),$c ~.
Balance for distribution
('
$26,171.15............................_-.
1,561.90
If balance for distribution is not in cash,list each item held in kind,giving appraised Value (or distribution Value);
principal
Cash $708.58
$25,000 U.S.Treas.Bills
due 4/30/7~23,900.67 $24,609.25
Income
Cash
$46~171::15
L....a .-"
If Family Exemption claimed by Petition,give place of Record:.....f.9~AJy...~~.l?~ptJ..QD___J??tQ._..J.+l.9l.9.9_.....'"
If Family Exemption is claimed at audit,give name,relationship and basis for Claim:.
List any advancement or distribution on account that has been made,and nature and amount of same:,'
See Exhibit·No.2 attached.,'
;,'.-''.J:'I
$18,164.59
7,000.00
11,600.00
114,650.00
614,524.46
2.30
$765,941.35
2,633.34Additionalamount.needed to fu11y.fund.Trust
Value'of Trust ":A lI ,as determined in the
Federal Estate Tax Return.~..
Suggested dist.ribution of balance shown,both as to principal and income,attaching signed and itemized elections
to take in kin'd if balance is,!!ot in cosh:residuary shares being stated in proportions:
Receipts for Advance~ent attached as Exhibit No.3
The·Value of Trust "A"as determined at the '-audit of the Federal Estate-.-.--_.-.
T-ax'Return'\wase'stablished'at $'768,-574.69,.Trust "A"has been funded as follows:
Proceeds of Insurance deposited,<'4/18/69
Cash per Advancement Receipt ~,..8/22/69 //
Cash per Advancement Receipt ~.~.11/22/691
Bonds per Advancement Receipt 12/31/69
Stocks per Advancement Rec~ipt 1/4/71
Cash .?ep,?sited ",':"i/i'i/71
.J-:~)
Balance of Assets distributable to Trust "B"
1\-i;LEEHmNy./WA5h"/Ii~l-c If}COUNTY OF ~~~,55:
COMMONWEALTH OF PENNSYLVANIA.,.
And your petitioner will ever pray,etc,
-.,.C (\(J~.~:'O ..\k~.M~rie C .f»re11y _
...!j]~f~...r2.f:'::7.:.Z.~. .am S.Skelly ~-+--
...........~':':.':2 ~..:.-I ~.
ichqrd E.Dolan,Asst.Vice President
western Penna.National Bank
"",,-....
The above named Fiduciary or representative thereof,
~eing dUly <s.w'.c.~.~.._doth depose and say
that the facts set forth in the foregoing petition are true
to the best oL{k'lt'.t.'.&........_._.._.knowledge and belief,
~lll ,etJ ..~.,Ul-!.~_f.l.-..--.to and subscribed before
me thiS...!$dciy Pf.:._IJ..~.~.fJ(??-:.I:;,~.~19..?I..
....;~~~'""~A~~/.,
Si.gnature of offic..er.·..~..·.......~.~.11 ....~J1'1;,;.'-7':.~~':',iO..,
Title of Office.r..L.tr~~~..O..::j.;.~,..::._'.J1~.:;,-d j ~r
Office exPire~~~:¢::r£../..9.7..;;{.
....~,"
No.63-69....,118
Estate of...._..'!-~!.J:~_._?~_<?!:.~_._§~~.~.~;¥.--~-~~.J.S.Skelly
J.Scott Skelly,John S.Skelly.....__ __-:-.
Deceased
Fjduciary_.__M.arie...C_.S.k~ll~,__._wm•.._S_.Skelly
•-&.__W~Ee.nn..a_.._Nation..aL_.Bank..
PETITION SUR AUDIT
FROM WHERE DECEDENT LEFT A WILL
Counsel of Fiduc(ary wi II submit herewith the
following,in conformity with Court Rules
adopted effective December 3,1951,being
rule No.9:paragraph b-c;and divisions
thereof:shown on pages 23-24.
1.Written praecipes of all Counsel inl the
case..~
2.Copy of order appointing Guardian'ad
litem,if pertinent..:
3.Copy of Order appointing Trustee ad
litem,if pertinent.
4.Proof of service of above.
5.Letters Testamentary or Administration
C.T.A.or an attest copy of WiII.
6.Copy of inventory and appraisement.
7.Proof of advertisement of grant of letters
if not filed with account.
8.Certificate of liens in case any of the
funds for distribution are from judicial
sale of real estate.
9.Signed and itemized elections if any
distribution in kind.
10.Copy of Federal Estate Tax return if es-
tate is subject thereto.
G.Donald Gerlach,Esquire
Attorney
~2
!
"
,•1,,_)
~:t VIc'.~).........~,"·~··.'~':l...?"'''''':''''~~.:.:C'):.<../"'I '.o.--;"~
"'4 :•.-..-~."0 ....l\~;.~:....,:n \',/\:~~.,<',..,~":\.-\•..~:1--..:;>'./'7 ..).'-:.......o ~.\""'''',I).~........."-'>"'....~(.".'':.";I j ;"·r·';'::,'",,-
J',...~'L:').,)~\J',I.r.".-(t-l r ~"t \",",,\\
October 28,1971
Mr.John Scott Skelly,Jr.
916 N.Somerville
pampa,Texas 79065
Re:Estate of John Scott Skelly 1·5961-8
Dear Mr.Skelly:
Enclosed please find a copy of the First and Final
Account filed in your father·s estate with the Court of
Common Pleas in washington County,Pennsylvania yesterday.
The audit of the estate will be held Some time during
the week of December 13,1971.Shortly after the audit the
court will issue a decree awarding the balance in the estate
to the trust created for yourself and Bill.I will see
that you receive a copy of that Decree.
Should you have any questions on the ACcount,please
feel free to write.
Sincerely yours,
Richard E.Dolan
D:g:
Enc.
EXHIBIT NO.1
'\.
"
------,.
o
December 7,1971
Mrs.Marie C.Skelly
711 Meade Street
Monongahela,Pa.15063
Re:Estate of John Scott Skelly
Dear Mrs.SkellYi
The audit for the Estate will be held Monday,
December 13,-1971,at.1:30 P.M.before Judge Marino at the
Washington County court House.
I suggest we meet about 1:15 outside the court room
so that you may sign the Audit Petition.If for SOme
reason you are unable to make the audit please let me know
so that we can make arrangements to have you sign the
Petition.
Sincerely yours,
Richard E.Dolan
Assistant Vice President
D:q
cc:G.Donald Gerlach,Esquire
EXHIBIT NO.1
"<j
o 1--t:"111-f"'
'j)
I\
Deoember 7,1971
Mr.William S.Skelly
115 Dutch Lane
Pittsburqb,PalO 15.236
Re:Estate of John Scott Skelly
Dear Mr.Skelly:
The audit for the Bstate will be held Monday,
December 13,1971,at 1:30 P.M ..before Judge Marino at the
washington county court House.
I su9'9'est we meet about 1=15 outside the court rOQm
so that you may sign the Auc1it Petition.If for some
reason you are unable to make the audit please let me know
so that we can make arrangements to have you.s1gn the
Petition.
Sincerely yours,
Richard E.Dolan
Assistant Vice President
Dcq
eel G.Donald Gex.'laoh,Esquire
EXHIBIT NO.1
\
.)
...._•._.M _._.J!...__~.._~,.~"_'.~-
--.
Estate or John Scott Skelly
.,t ~
1969
May 13
Payments on Account of Distributive Shares
Principal Personalty
Mrs.Marie C.Skelly,wife
Delivered one (1)lot household goods $1,817.25
Marie C.Skelly,William S.Skelly and
western Pennsylvania National Bank,Trustee~
Under TrustlA"per paragraph Third of Will
1969
August 18
Nov.7
Dec.29
Cash
Cash
$15,000 Elizabeth Forward Joint School
Authority Bonds,due 3/1/83 3.05%
$10,000 Greater Johnstown Water Authority
Revenue Bonds,due 1/1/04 3.90%
$5,000 Liberty Borough Sewer Revenue Bonms,
due 11/1/75,4%
$10,000 Liberty Borough Sewer Revenue Bonds,
due 11/1/76,4%
$10,000 Lower Bucks County School Authority
Revenue Bonds,due 8/1/76,2.625%
$10,000 Lower Bucks County School Authority
Revenue Bonds,due 8/1/94,2.75%
$10,000 Monongahela Area Joint School
Authority Bonds,due 11/1/92,3.75%
$10,000 Norwin School Authority Building
Revenue Bonds,due 1/1/82,3.65%
$15,000 Pennsylvania state Highway and
Bridge Bonds,due 12/15/e6,4.10%
Amounts Forward
EXHIBIT NO.2
$7,000.00'
11,600.00
10,650.00
6,900.00
I
4,625.100 i
i ,I
I
I:
I9~150.00'i
7,800.00
5,600.00 I
I7,100.00
7,900.00
13,050.00
$91,375.00 $
II
1,817 25
(,
Estate of John Scott Skelly
Amounts Forward
"
$91,375.00 $1,817.2
1971
Jan.6
$10,000 Pennsylvania State Public
School Building Authority lease Bonds,
due 11/1/95,4%
$15,000 Pennsylvania State Public School
Building Authority'lease Bonds,
due 11/1/86
$10,000 Peters Township Authority Sewer
Revenue Bonds,due 8/1/05,3.80%
$10,000 Philipsburg Osceola Area School
Authority Bonds,due 7/1/98,5.40%
$10,000 Pleasant Hills Authority Sewer
Revenue Bonds,due 3/1/88,3.45%
$20,000 Public Auditorium Authority of
Pittsburgh and Allegheny county Bonds,
due 12/1/01,3.60%
$5,000 Susquehanna Valley School Authority
Revenue Bonds,due 3/1/98,5.50%
$10,000 Titusville Area Joint School Area
Revenue Bonds,due 12/1/95,3.30%
$15,000 Uniontown School District
Revenue Bonds,Series "A"
due 10/1/90,4.25%
1,418 shares American Telephone &Telegraph
218 shares Chase Manhattan Bank
857 shares Consolidated Edison Co.of
New York
1,297 shares C.P.Financial Corporation
I 271 shares International Paper Co.
3,384 shares Marathon Oil Company
Amounts Forward
EXHIBIT NO.2
7,500 00
11,325 00
6,700 00
9,100 00
7,150 00
I '
14,000l001
I ;1
I I:
!
4,575 001
6,500 00
12,000 oo!
75,508 50
11,915 88
29,189 42
31,296 61
10,143 53
l72-L787 04
$501,106 98 $1,817.25
Estate of John Scott Skelly
• I
"
Jan.11
Amounts Forward
1,681 shares Mobil Oil Corporation
371 shares Pittsburgh National Bank
4,518 shares Texaco,Incorporated
2,688 shares western pennsylvania
National Bank Corporation
262 shares F.W.Woolworth Company
Cash
Marie C.Skelly,William S.Skelly and West-
ern Pennsylvania National Bank,Trustees
Under TrustlB"per paragraph Fourth of Will
$501,106.98 $
96,758.36
25,691.75
184,921.74
73,140.48
8,613.25
2.30
1,817.~5
890,193.86
1969
Aug.18 cash
Nov.7
Dec.29
cash
$15,000 Ambridge Borough Sanitary Disposal
Revenue Bonds,due 8/1/95,3.90%
$15,000 Baldwin Whitehall Schools Authority
Bonds,due 3/1/95,3.50%
$15,000 Muncipa1 Authority of Brownsville
Sewer Revenue Bonds,due 12/1/08,5.85%
$7,000.00
I11,600.00 ,
10,875.100 il I
i ,I I II
10,050.100 il I I
I
I
I14,625.00
.
$10,000 Charleroi Borough Water Revenue Bonds
due 5/1/88,3.125%
$10,000 Charleroi Area School Authority Reven~e
Bonds,due 7/1/94,3.70%
$15,000 Charleroi Area School Authority
Revenue Bonds,due 1/1/75,3.25%
$10,000 Clarion Joint School Building
Authority Revenue Bonds,due 1/1/81,3.95%
6,600.00 I
6,900.00
12,900.00
8,300.00
,
$5,000 Clarion Joint School Building
Authority Revenue Bonds,due 1/1/82,3.95%
Amounts Forward
EXHIBIT NO.2
4,100.00 I
$92,950.00 $892,011 II'
Estate of I John Scott Skelly
Amounts Forward $92,950.00 $892,011.11
$10,000 Eastern Crawford County Joint School
Authority Bonds,due 10/1/85,3.85%7,600.00
1970
Jan~14
$20,000 Greenville Union School District
Bonds due 1/1/82,3.65%
$10,000 Moon School Union School District
Authority Revenue Bonds,due 11/1/86,3.60%
692 shares American Telephone &Telegraph
106 shares Chase Manhattan Bank
419 shares Consolidated Edison Company
of New York
633 shares C.P.Financial Corporation
132 shares International Paper Company
2,116 shares Marathon Oil Company
1,111 shares Mobil Oil Corporation
181 shares Pittsburgh National Bank
2,682 shares Texaco,Incorporated
1,312 shares Western Pennsylvania National
Bank Corporation
128 shares F.W.Woolworth Company
EXHIBIT NO.2
'.-.........~
16,100.00
7,250,.00
36,849.00
5,796.12
14,274.33
I.
!15,29l.39
4,943.78 I
108,057.129 il I
i :1 i :j63,'956.115 Ii I
"
. I I i!
12,534.25 I II
109,828.27
35,712.02 1 "
4,208.00'535,3501 601
:1,427,361711
=========l===!
I :
Ii
Estate of John Scott Skelly
EXHIBIT NO.2
Payments on Account of Distributive Shares
1970
March 23
II ..
II ..
Income personalty
John Scott Skelly,Jr.,son
Cash
William S.Skelly,son,cash
Marie C.Skelly,wife,cash
$2,500.00
2,500.00
5,000.00
Marie C.Skelly,William S.Skelly and wes~er
Pennsylvania National Bank,Tru"stees
Unde.r Trust "A"per paragraph Third of Will
1969
April 29 Cash $7,000.00,
August 13 Cash 7,000 .•00 I
Dec.5 Cash 9,000.061 I197014~OSJ47 \1 IMay8Cash
i :1
I 'IAug.4 Cash 6,470.137 Ii ,I
I
I
Dec.4 Cash 7,898.741971
60,BB3r73Feb.4 Cash 9,463.15
Marie C.Skelly,William S.Skelly and Wester
Pennsylvania National Bank,Trustees
Under Trust "B"per paragraph Fourth of Wil I I1969
00 ,IApril29Cash$7,000.
IIAug.13 Cash 7,000.00 III
I
IDec.5 Cash "9,OOp.00
II1970
May 8 Cash 9,367.64 Ii
IAug.4 Cash 4,313.581971
Feb.4 Cash 4,618.92
May 7 Cash 1.000.00 47 565 96
$118,449 69
===========1:
EXHIBIT NO.2
••
WASHINGTON
IN THE ORPHANS'COURT OF A&&ICKHKIIX COUNTY,PENNSYLVANIA
In the Matter of the ·..
Estate·of
Deceased
JOHN SCOTT SKELLY,··No.
RECEIPT FOR ADVANCEMENT
To the Honorable,The Judges of Said Court:
I,__MA;;..;;;;.;;;;.;R;=.I;;:;E--:;C..:,..,...-:.S.;.;KE=L.::L-.Y ,being beneficially
interested in the above titled estate,he.reby acknowledge to have
received from Western Pennsylvania National Bank,Corporate'Executor
of the Estate of ____J_O_HN__S_C_O_T_T_S_KE_L_L_Y ,deceased,
One 'Lot Household Goods per Paragraph SECOND
of Will,appraised at $1,817.25
and request your Honorable Court to charge the same to me in the
Decree of Distribution to be entered~said estate.
In consideration of this advancement being made prior to the
filing and audit of a final Account,I hereby agree to refund on
demand all or any part of this .advancement,or the value thereof,
which may be determined to have been improperly made.
DATED this ---17 ~day of A.....p_r_i_l --,19~o
WITNESS:..--')fL~Qyy..A..~'=-....;;C,-,-r-=--1~'~=~(SEAL)
Marie'C.Skelly ---=--==s
EXHIBIT NO.3
-.---------------------------------------
IN THE ORPHANS I COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
JOHN SCOTT SKELLY,
Deceased
RECEIPT FOR ADVANCEMENT
To The Honorable,The Judges of Said Court:
We,MARIE C.SKELLY,\WILLIAM S.SKE.LLY and WESTERN PENNSYLVANIA
NATIONAL BANK,TRUSTEES under TRUST A of the Will of JOHN SCOTT SKELLY,
being beneficially interested in the above titled estate,hereby
acknowledge to have received from MARIE C.SKELLY,WILLIAM S.SKELLY
and WESTERN PENNSYLVANIA NATIONAL BANK,EXECUTORS of the Estate of
JOHN SCOTT SKELLY,deceased,the sum of SEVEN THOUSAND ($7,000.00)
DOLLARS,and request your Honorable Court to charge the same to us in
the Decree of Distribution to be entered in said estate •
.~
DATED this ~~day of August,1969.
~C'l
illiam S.Skell
(SEAL)
WESTERN PENNSYLVANIA NATIONAL BANK
By [2.Q~2-.~~
Trust Officer
\
EXHIBIT NO.3
••
IN THE ORPHANS'COURT OFiWASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
JOHN SCOTT SKELLY,
Peceased
········
RECEIPT FOR ADVANCEMENT
To The Honorable,The Judges of Said Court;
We,MARIE C.SKELLY,WILLIAM S.SKl:LLY and "WESTERN PENNSYLVANIA
NATIONAL BANK,TRUSTEES under TRUST A of the"Will of JOHN SCOTT
SKELLY,being beneficially interested in the above titled estate,
hereby acknowledge to have received from MARIE C.SKELLY,WILLIAM S.
SKELLY andiWESTERN PENNSYLVANIA NATIONAL BANK,EXECUTORS of the
Estate of JOHN SCOTT SKELLY,deceased,the sum of ELEVEN THOUSAND
SIX HUNDRED ($11,600.00)DOLLARS,and request your Honorable Court
to charge the same to us in the Decree of Distribution to be entered
in said estate.
q~DATED this __.:0:.-0__...,--day of·November,1969.
~c..J,~
.rie C.Skelly ~(SEAL)
WE.STERN PENNSYLVANIA NATIONAL BANK
Byfl~·a....J)~.~
Trust Officer
EXHIBIT NO.3
• •
IN THE ORPHANS I COURT OF \wASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
JOHN SCOTT SKELLY,Deceased
..•
:No.63-69-118•..
RECEIPT FOR ADVANCEMENT
To the Honorable,The Judges of Said Court:
We,MARIE C.SKELLY,WILLIAM S.SKELLY and'WESTERN PENNSYLVANIA
NATIONAL BANK,TRUSTEES under TRUST A of the Will of JOHN SCOTT SKELLY,
being beneficially interested in the above titled estate,hereby
acknowledge to have received from MARIE C.SKELLY,WILLIAM S.SKELLY,
and WESTERN PENNSYLVANIA NATIONAL BANK,EXECUTORS of the Estate of JOHN
SCOTT SKELLY,deceased,the following securities and request your Honor-
able Court to charge the same to us in the Decree of Distribution to be
entered in said estate:
$15,000
$10,000
$5,000
$10,000
$10,000
$10,000
$10,000
I $10,000
!$15,000
!$10,000!$15,000
$10,000)
$10,000'I
f
NV~
Elizabeth Forward Joint School Auth Bonds,Series
B,due March I,1983 @ 53%$7,950.00
Greater Johnstown water Authority Revenue
Bonds,Series A,due January I,2004 @ 54%5,400.00
Liberty Boro Sewer 'Authority Revenue Bonds,
Series A,due July I,1975 @ 78%3,900.00
Liberty Boro Sewer "Authority Revenue Bonds,
Series A,due July I,1976 @ 75%7,500.00
Lower Bucks County School Authority Revenue
Bonds,Series of 1954,due August I,
1976 @ 66%6,600.00
Lower 'Bucks County School Authority Revenue
Bonds,Series of 1954,due August I,\/
1994 @ 44%4,400.00
Monongahela Area Joint School Authority Revenue
Bonds,Series A,due November I,1992 @ 55%5,500.00
Norwin School Authority Building Revenue Bonds
due Jan.I,1982 @ 5~~5,800.00
Penna State Highway and Bridge Authority,Series
B,due Dec.15,1986 @ 61%9,150.00
Penna State Public School Building Authority
Bonds,Series A,due November I,1995 @ 56%5,600.00
Penna State Public School Building Authority
Bonds,Series E,due Nov.I,1986 @ 55%8,250.00
Peters Township.Sanitary Auth Revenue Bonds,
Series A,due August I,2005 @ 52%5,200.00
Philipsburg-Osceola Area School.Authority
Revenue Bonds,Series of 1968,due July
1,1998 @ 68%6,800.00
EXHIBIT NO.3
,•
)••
Series
~._.~.ooo.o~__
...$114,650.00
$10,000
$20,000
$5,000
$10,000
$15,000
Pleasant Hills Authority Revenue Bonds,
Series of 1965,due March I,1988 @ 49%
Public Auditorium Auth of Pittsburgh and
Allegheny County,Series A,due Dec.1,
2001 @ 51%
Susquehanna Valley School Auth Revenue Bonds,
Series of 1968,due March 1,1998 @ 70%
Titusville Area Joint School Auth Revenue Bonds,
Series B,due Dec.I,1995 @ 50%
Uniontown School District Revenue Bonds,
A,due Oct.I,1990 @ 60%
Total
$4,900.00
10,200.00
3,500.00
5,000.00
DATED this 31st day of December,1969.
=-......Jm-4-l-..Io..I:..(P!?u../lL.Jop--!:o=.-_e_l~~::::....e-=n~0D~.(SEAL)
Marie c.Skelly ~
WESTERN PENNSYLVANIA NATIONAL BANK
By ~~.t~
Trust Officer
EXHIBIT NO.3
••
IN THE ORPHANS·COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
No.63-69-118
JOHN SCOTT SKELLY,Deceased
RECEIPT FOR ADVANCEMENT
To the Honorable,The Judges of Said Court:
We,MARIE C.SKELLY,WILLIAM S.SKELLY and WESTERN
PENNSYLVANIA NATIONAL BANK,TRUSTEES under TRUST A of the Will of
JOHN SCOTT SKELLY,being beneficially interested in the above
titled estate,hereby acknowledge to have received from MARIE C.
SKELLY,WILLIAM S.SKELLY and WESTERN PENNSYLVANIA NATIONAL BANK,
EXECUTORS of the Estate of JOHN SCOTT SKELLY,deceased,the
following securities and request your Honorable ~ourt to charge
the same to us in the Decree of Distribution to be ·entered in said
estate:
1418 shares ArnericanTel &Tel @ 48.6875 $69,038.88
218 shares Chase Manhattan Bank @ 51.0625 11,131.63
857 shares Consolidated Edison @ 26.6875 22,871.19
1297 shares C.P.Financial Corp.@ 16.125 20,914.13
271 shares International Paper Cornmon @ 34.6875 9,400.31
3384 shares Marathon Oil @ 35.875 121,401.00
1681 shares Mobil Oil Corp.@ 57.3125 96,342.31
371 shares Pittsburgh National Bank @ 68.875 25,552.63
4518 shares Texaco Inc.@ 34.9375 157,847.63
2688 shares WPNB Corp.@ 26.25 70,560.00
262 shares F.W.Woolworth @ 36.125 9,464.75
Total . .... .$614,524.46
1971.
(SEAL)
WESTERN PENNSYLVANIA NATIONAL BANK
BY~D1~
Assistant Vice President
EXHIBIT NO.3
•
IN THE ORPHANS I COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
JOHN SCOTT SKELLY,
Deceased
..
RECEIPT FOR ADVANCEMENT
To The Honorable,The Judges of Said Court:
We,MARIE C.SKELLY,WILLIAM S.SKELLY and WESTERN PENNSYLVANIA
NATIONAL BANK,TRUSTEES under'TRUST B of the Will of JOHN SCOTT SKELLY,
being beneficially interested in the above titled estate,hereby
acknowledge to have received from MARIE C.SKELLY,WILLIAM S.SKELLY
and WESTERN PENNSYLVANIA NATIONAL BANK,EXECUTORS Of the Estate of
JOHN SCOTT SKELLY,deceased,the sum of SEVEN THOUSAND ($7,OpO.OO)
DOLLARS,and request your'Honorable Court to charge the s.ame to us in
the Decree of Distribution to be entered in said estate.
~
DATED this ~~l day of August,1969.
~_C-=-.:....::.'~-==-~~+--__(SEAL)
)(L s:~i (SEAL)
,Uilliam S.Ske 1
WESTERN PENNSYLVANIA NATIONAL BANKBY~~~
Trust Officer
EXHIBIT NO.3
."~'I
••
IN THE ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
JOHN SCOTT SKELLY,
Deceased
..····,.
····
RECEIPT FOR ADVANCEMENT
To the HonQrable,The Judges of Said Court:
We,MARIE C•SKELLY,WILLIAM .S.SKELLY and WESTERN PENNSYLVANIA
NATIONAL aANK,TRUSTEES under'TRUST B of the Will of JOHN SCOTT
SKELLY,being beneficially interested in the above titled estate,
hereby acknowledge to have received fro;rn MARIE C.SKELLY,WILLIAM S.
SKELLY and WESTERN EENNSYLVANIA NATIONAL BANK,EXECUTORS of the
Estate of JOHN SCOTT SKELLY,deceased,the sum of ELEVEN THOUSAND
SIX HUNDRED ($11,600.00)DOLLARS,and request your 'Honorable Court
to charge the same to us in the Decree of Distribution to be entered
in said estate.
<J-#.DATED this __b~day of November,1969.
WESTERN PENNSYLVANIA NATIONAL BANK
By
Trust Officer
EXHIFIT NO.3
••
IN TEE ORPHANS I COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of :
:No.63-69-118
JOHN SCOTT SKELLY,Deceased ..
RECEIPT FOR ADVANCEMENT
TO the Honorable,The Judges of Said Court:
We,MARIE C.SKELLY,WI LY and "WESTERN PENNSYLVANIA
NATIONAL BANK,TRUSTEES un~~the \Will of JOHN SCOTT SKELLY,
being beneficially inter7sted in th ove titled estate,hereby
acknowledge to have received from MARIE C.SKELLY,WILLIAM S.SKELLY
and WESTERN ,PENNSYLVANIA NATIONAL BANK,EXECUTORS of the Estate of JOHN
SCOTT SKELLY,deceased,the following securities and request your Honor-
able Court to charge the same to us in the Decree of Distribution to be
entered in said estate:
.$80,250.00Total.
DATED this 31st day of December,1969.
$15,000 Ambridge Boro Sanitary Disposal Revenue Bonds
due August 1,1995 @ 54%$8,100.00
$15,000 Baldwin Whitehall Schools Authority,Series A,
due March 1,1995 @ 50%7,500.00
$15,000 Municipal Authority of Brownsville,Sewer Rev.
Bonds,Series A,due Dec.1,2008 @ 70%10,500.00
$10,000 Charleroi Boro water Revenue Bonds due May 1,
1988 @ 50%5,000.00
$10,000 Charleroi Area School Authority Bond,Series of
1964,due July 1,1994 @ 54%5,400.00
$15,000 Charleroi Area SchooL Authority Revenue Bond,
Series of 1964,due Jan.1,1975 @ 75%11,250.00
$10,000 Clarion Joint School Bldg Authority Rev Bond,
Series B,due Jan.I,1981 @ 66%6,600.00
$5,000 Clarion Joint School Bldg Authority Rev Bond,
Series B,due Jan.I,1982 @ 64%3,200.00
$10,000 Eastern Crawford County Joint School Auth Bonds,
Series of 1963,due Oct.I,1985 @ 56%5,600.00
$20,000 Greenville Union School Auth Bonds,Series of
1966,due Jan.I,1982 @ 60%12,000.00
$10,000 Moon Schools Union School District Auth Bonds,
Series of 1965,due Nov.I,1986 @ 51 5,100.00
WESTERN PENNSYLVANIA NATIONAL BANK
BYC2'~~.~
Trust Officer
EXHIBIT NO.3
IN THE ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA
In the Matter of the Estate of
No.63-69-118
JOHN SCOTT SKELLY,Deceased
RECEIPT FOR ADVANCEMENT
To the Honorable,The Judges of Said court:
$33,691.75
5,207.25
11,208.25
11,473.13
4,710.75
67,844.25
47,217.50
11,312.50
77,945.63
31,652.00
4,664.00
$306,927.01
@ 48.6875
@ 49.125
@ 26.75
@ 18.125
@ 35.6875
@ 32.0625
@ 42.50
@ 62.50
@ 29.0625
@ 24.125
@ 36.4375
Total • • •
American Tel &Tel
Chase Manhattan Bank
Consolidated Edison
C.P.Financial Corp.
Internation.al Paper Common
Marathon Oil
Mobil Oil Corp.
PNB .Corp.
Texaco,Inc.
WPNB Corp.
F.W.Woolworth
692 shares
106 shares
419 shares
633 shares
132 shares
2116 shares
1111 shares
181 shares
2682 shares
1312 shares
128 shares
We,MARIE C.SKELLY,WILLIAM S.SKELLY and-WESTERN PENNSYL-
VANIA NATIONAL BANK,TRUSTEES under TRUST B of the Will of JOHN
SCOTT SKELLY,being beneficially interested in the above titled
estate,hereby acknowledge to have received from MARIE C.SKELLY,
WILLIAM S.SKELLY and WESTERN PENNSYLVANIA NATIONAL BANK,EXECUTORS
of the Estate of JOHN SCOTT SKELLY,deceased,the following
securities and request your Honorable Court to charge the same to
s in the Decree of Distribution to be entered in said estate:
DATED this 4th day of January,1971.
WESTERN PENNSYLVANIA NATIONAL BANK
\2-a..J)'2~By_-=--__-----_
Richard E.Dolan
Assistant Vice President
EXHIBI T NO.3
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L.
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LAST WILL AND TESTAMENT
OF-
JOHN SCOTT SKELLY
I,JOHN SCOTT SKELLY,of the City of Monongahela,,
Washington County,Pennsylvania,make and publish this my Last
Will and Testament,hereby revoking and making void all former
give,devise and bequeath unto my wife,MarieISECOND:
Wills by me at any ,time made.
II,FIRST:I direct that my Executors,hereinafter named,
I,I
!shall as soon as conveniently may be done,pay all my just debts,
II
II funeral expenses and expenses of the settlement of my estate,in-
il eluding a suitable monument for my burial place.
'IIII .I C.Skelly,as her absolute property,all my personal effects such
I
as jewelry,household furniture and all other articles of domestic
National Bank of McKeesport,Pennsylvania,or its successors,
property passing under this clause,the final determinations in
able as a marital deduction,and in computing the value'of the
in my gross estate for federal estate tax purposes and is allow-
portion of my estate,the value of which shall be exactly the sum
but only to the extent that said property or interests is included
Marie C.Skelly,otherwise than under this paragraph of my Will,
and interests passing,or that have passed,from me to my wife,
Federal estate tax on my estate,less the value of other property
needed to obtain the maximum marital deduction in determining the
the survivor of the last two.mentioned,IN TRUST NEVERTHELESS,a·
Marie C.Skelly,my wife,and William Sherwood Skelly,my son,or
II and personai uses.
II THIRD:I hereby give..devise and bequeath to The First
II
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:1 the federal estate tax proceeding shall control and only assets'
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EXHIBIT NO.5
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that qualify for said deduction shall pass under this clause;to
hold in the same form in which it is received or to sell the same
or any part thereof,to manage,invest and reinvest and to collect
and received the income arising therefrom,and after deducting all
,
necessary expenses properly chargeable thereto,to pay to my wife,
;
Marie C.Skelly;the net income arising therefrom in convenient
installments,but at least semi-annually from the date of my
decease so long as s~e may live.
I hereby authorize and empower my said wife to make testa-
mentary disposition of the balance of this trust estate and direct
II :r:::do:r::::::s:o i:::::::gt::s::::t::l::e:u:dp::o::::n:o~:Ch
II in such manner,whether in trust or otherwise,as sh~may direct
11
1\and appoint in and by her Last ~lill and Testament,and in default
IiI'.II of such testamentary disposition,then I direct that upon the
II death of my said wife,the balance remaining in said trust estate
II'shall become a part of and shall be disposed of in the manner
I'II hereinafter provided for my residuary estate as set forth in the
II Fourth clause of this my'Last \Ifill and Testament.Also,in the
Ii,I event that my said wife does not survive me,then this portion of
I my estate shall be added to my residuary estate.
!All property devised and bequeathed,In Trust,by this
II paragraph shall be held and administered by said trustees,or
II their successors,as a separate trust to be known,as "Trust A".
i!FOURTH:I hereby give,devise and bequeath all the rest,
II
\1 residue and remainder of my .estate,of whatever nature and wherever,IIIIi situated,of which I may be entitled at the time of my decease to
II!l The First National Bank of McKeesport,Pennsylvania,or'its suc-
jl "
Ii cessors,Marie C.Skelly,my wife,and William Sherwood Skelly,my
!i
Ii son,or the survivor of the last two mentioned,IN TRUST NEVERTHE-
jl
:'LESS,to hold in the same form in which it is received or to sell
';the same or any part thereof,to manage,invest and reinvest and
~!)J/~::-2-
EXHIBIT NO.5
----,.-----.......
"L.,...!
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To pay to my wife,Marie C.Skelly,at least(a)
purposes:
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\Isemi-annually from the date of my decease so long as she may live,
II
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'1 to collect and receive the income arising therefrom,and after
II deducting all necessary expenses properly chargeable thereto,to
il administer and distribute the same for the following uses and
'IIIII
III
sufficient of the income which when added to the income received
by her from the Trust established in the Third paragraph hereof,
will equal one-half (i)of the total income from both of the
Trusts hereby established.
(b)To pay to my son,William Sherwood Skelly,at
stirpes,to the children of William Sherwood Skelly or to the
issue of any of his deceased children,said issue of his deceased
-3'-
EXHIBIT NO.5
le';
·~1II ,t !,
II
II
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I children to have divided amo~g them the share which their parent
would have received if living.Twenty-one (21)years after the
death of both my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,to distribute the one-half (i)portion of the
principal of said Trust,together with any aC'cumulation thereof
,
!
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II or addition thereto,share and share alike,per stirpes,to the
children of said William Sherwood Skellr or to the issue of any
have divided among them the share which their parent would have
received if living at the time for said distribution;and in the
I of his deceased children,said issue of his deceased children to
I!
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Upon the death of both my son,John Scott
T~pay to my son,John Scott Skelly,Jr.,at.(c)
ceived if living.
his deceased children;said issue of his deceased children to have
divided among them the share which their parent would have re-
children of said John Scott Skelly,Jr.,or to the issue of any of
Skeily,Jr.,and my wife,Marie C.Skelly,and during the period
wife,said income,share and share alike,per stirpes,to the
proportion as the share of each of said remaining beneficiary
any accumulation thereof or addition thereto,and upon his decease
shall bear to the other or others.
to pay over,at least semi-annually,during the lifetime of my
event that the said William Sherwood Skelly should die leaving noIIIdirectdescendantslivingatthetimeforsaiddistribution,then:~
II'.the aforesaid one-half (i)portion of the principal of said Trust,,
together with any accumulation thereof or addition thereto,shall III~I continue as a part of this Trust,and said portion,together with f
,I the right to receive,an income therefrom,shall inure to the :I
11 benefit of the other beneficiaries of said Trust Estate in the .r
!i
II
II
Ii,I least semi-annually from the date'of my decease so long as he may
ill'.live,one-half (i)of the remaining income from said Trust and
II
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:;of'twenty-one (2l)years thereafter to pay over,at least
"i;
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-4-
EXHIBIT NO.5 .,......~---
[e·•:.;;.:....~'--r .._-:.
.tlIII:Ii
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Ii semi-annually said income,share and share alike,per stirpes,to
~the children of John Scott Skelly,Jr.or to the is~e of ~of
I!his deceased children,said issue of his deceased children to
II have divided among them the share which their parent would have
lj.,
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J!
received if living.Twenty-one (21)years .after the death of
,'
I
I both my son,John Scott Skelly,Jr.,and my wife,Marie c.Skelly,
I to distribute the one-half (!)portion of the principal of said ,
Trust,together with any accumulation thereof or addition thereto,
i
share and share alike,per stirpes,to the children of said John ,
I,
Scott Skelly,Jr.or to the issue of any of his deceased children,
said issue of his deceased children to have divided among them the
11 share which their parent would have received if liVing at the
.time for said distribution;and in the event that the said John
SCott Skelly,Jr.should die leaving no direct descendants liVing
.J
at the time for said distribution,then the aforesaid one-half
I hereby direct ihat neither the income from theFIFTH:
II (i)portion of the principal of said Trust ,together with any
'III accumulation thereof or add.ition thereto,shall continue as a
II·ll part of this T~ust,and said portion,together with the right to
\'1,I receive an incom~therefrom,shall inure to the benefit of theIiIotherbeneficiariesofsaidTrustEstateintheproportionasthe
I share of each of said remaining beneficiary shall bear to the
I other or others.
II
IIII Trusts.hereinabove established by paragraphs THIRD and FOURTH
I:
Ii"hereof,nor the principal thereof,shall in any way become subject
1
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to,or liable for the debts,liabilities,creditors,assignment,
II pledges,contracts,transfer,or anticipations of any beneficiary
ii
il named in this trust,or any per~on who shall acquire an interestIi,'";'\:;therein,under the terms thereof,nor to any attachment'or
i:execution for any claim of any kind or nature.
-"5-'
EXHIBIT NO.5
----~--~~-~.''''._........
successors,to convert into money,as soon as can conveniently
I
II may be done after my decease,all real estate owned by.me or in
which I may have an interest,and for such purpose I do hereby
inafter named,and Trustees,hereinabove designated,or their
authorize and empower my Executo~s or Trustees,to sell and con-
I hereby authorize and direct my Executors,here-SIXTH:
,,
~~:..--.-,"._...-.,.
'I··II
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or Trustees during the existence of said trust.
deem most advantageous to my estate;except however,that I
such sales,I hereby authorize and direct my said Executors or
shall not be sold,assigned or.transferred by my said Executors
hereby direct that my interest in the Gray County Texas Royalty
,.
such terms and for such rentals as my Executors or Trustees shall
I
Trustees to lease my said real estate in whole or in parts upon
of the purchase money,and to execute and deliver all such deeds
II or other assurances as I could have done if living,and pending
II
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SEVENTH:I hereby nominate,constitute and appoint Marie
payment of such State and Federal Inheritance,Estate,and
survivor of them,as Executors of this my Last Will and Testament~
prudent,and most advantageous to my said estate,and to charge
Legacy Taxes to which my estate,or the transfer of any property
I hereby authorize and empower my Executor,EIGHTH:
Executrix and Trustees designated in and by my said Last Will and
Testament,or any of them,to use their or its discretion in the
II C.Skelly,my wife,and William Sherwood Skelly,my son,or the
II
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II:'j thereunder may be subject,as they or it may deem wise and
il
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NO.5
Testament,typewritten on seven (7·)sheets'of paper,I'have here-
unto set my hand and seal this Eleven til day of September,
t'
r,
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11"such taxes as ,a ,part of the expenses of Administration.
I,IN WITNESS 'WHEREOF ,to this my Last Will and
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A.D.1954.
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EXHtBIT NO.5
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th',is,a tr e anl'GO,rect OOPY,I certify thar1's 10 .,
.(J:tJ!!.tJ"/_L-------~tOt1lJ'yo the Estato
/•t.
subscribed our names as witnesses thereto.
presence,and in the presence of each'other,have hereunto
.,
Testament in the.presence of us,who,at his request,and in his
.',.;....1""""·:;;._~_~i...;..~.~_~~>_~t_'1~_/~_?_-:::.._.~~__/.--__/~......y~':__{SEAL),
..J,·~V'-·If-/'..I
Ii Signed,sealed,published and ,declared by the
,I above named John Scott Sk-elly,'as and for his Last Will and
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"-"--,-----.---'-~----rL....:.......:..-.._
"
FIRST CODICIL TO LAST WILL AND TESTAMENT
I,JOHN SCOTT SKELLY,of the City of Monongahela,Wash-I
ington County,Pennsylvania,hereby declare this present wr~ting to
be the First Codicil to my Last Will and Testament dated September!
11th,1954.
FIRST:In addition to all other power and authority
take and to retain'as an investment for said trust estate without
Trustee or Trustees and their successors shall have the power to
Commonwealth of Pennsylvania.
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Iwhich'
Iof,the
EXHIBIT NO.5
In addition to all other power and authority
I do hereby nominate,constitute and appoint
of said minor or minors in my estate as said
advisable,giving said guardian the power to
SECOND:
THIRD:
perty,real or personal,received by said Trustee or Trustees or
Western Pennsylvania National Bank,McKeesport,or its successor,
their successors from my said estate.
other property,real or personal,as they may believe adVisable,
as Testamentary Guardian of the estates of any minors entitled to
distribution under the terms of my Last Will and Testamen.t,giVing:
and granting to said guardian the power to agree to any distribu-!
I
II
Trustees are authorized to invest trust funds under the laws
not being limited to classes of securities or investments in•
any duty of diversification,any and all securities or other pro-
said trust estate in such stocks,bonds,mortgages,securities or
I~anted to the Trustee or Trustees designated by my Last Will and i
Testament and their successors,I hereby authorize and direct said'
ITrusteeorTrustees,and their successors to invest and reinvest I
ii
granted to the Trustee or Trustees designated by 'my Last Will and I
Testament and their successors,I hereby direct that in the admin-,
istration of any Trust created or established by my said Will,said
I
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tion of the share
II guardian may deem
I .
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I do hereby authorize and empower the Trustee OrFOURTH:
•distribute both income and pri~cipal for the benefit of said minor,
wards to assist them in any situation wherein money may be needed,I
hereby granting to said guardian all of the powers and authority I'
herein granted and/or as granted by my Last Will and Testament to
!the Trustee of my estate.
I
Trustees designated by'my Last,Will and Testament,their survivor
or survivors and ,their successors at their or its discretion,dur-
ing.t~~period after the death of my son,William Sherwood Skelly,l
and prior to .final distribution,o!said Trust;froma,.nd out of thei
Trust established by paragraph "FOURTH':of my L~st Will and Testa-I'
ment for the benefit of my said son,William Sherwood Skelly,to
pay over and deliver to his children,natural born,or legally
1I
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of his or her immediate f~mily,hereinabove designated.
shall be charged to the representative share of 'said beneficiary
1
The maximum distributionin,final distribution of said Trust.I,
Iauthorizedbytheprovisionsofthisparagraphshallbethesumof'
Ten Thousand ($10,000.00)Dollars for each of the children of IIWilliamSherwoodSkelly,for his or her benefit or for the benefit
I
iI
FIFTH:I do hereby authorize and empower the Trustee or'
Trustees designated by my Last Will and Testament,their'survivor !
I
or survivors and their successors at their or its discretion,dur-!.. I
ing the period after the death of my son,John Scott Skelly,Jr.,
adopted,and to his grandchildren,such a~ount of,the principal of,
said Trust,limited as hereinafter set forth,as shali be necessar~
in situation~wherein~o~ey is needed;espeCi~llYfOr ~he purposes \
(but not limited thereto)'of prOViding med~cal ~ndhosPita.1 ex-I
penses,for educational purposes,and tor the purchasing of a home-
and also for medical and hospital expenses for the wife,hushand r
or children of any of them;provided however,that any distribution.,I
of principal made to any beneficiary by virtue of this provision I
!
.-2-'
EXHIBIT NO.5 '/
""':1".......,.-
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and prior to final distribution of said Trust,from and out of the
Trust establi,shed by paragraph "FOURTH"of my Last Will and Testa-
ment for the benefit of my said son,John Scott Skelly,Jr.,to Ipayoveranddelivertohischildrenandtohisgrandchildren,such
Iamount.of the principal of said Trust,limited as hereinafter set I
forth,as shall be necessary in ~ituations wherein money is neededl
especially for the purposes (but not limited thereto)of prOVidingr
medical and hospital expenses,for ~ducational purposes,and for
the purchasing of a home;and also for medical and hospital ex-
penses for the Wife,husband or chilaren of any of them;provided
however,that any distribution of principal made to any benefiCiarrl
by virtue of this provision shall be charged to the representative
share of said beneficiary in final distribution of said Trust.The'
maximum distribution authorized by the provisions of this para-
graph shall be the sum of Ten Thousand ($lO,OOO.OO)Dollars for
each of the children of John Scott Skelly,Jr.,for his or her I
benefit or for the benefit of his or her immediate family,herein-
above designated.
•··l
I
con-
I
I'
tWill
IIi,
In all other respects I do hereby ratify andSIXTH:
and Testament,typewritten on three (3)sheets of paper,I have
firm my Last Will and Testament dated September 11th,1954.
'IN WITNESS WHEREOF,to this First Codicil to my Last
i
hereunto set my hand and seal this 5th day of November,A.D.1958.!
I
Ia//I'/'A.·-..,.,/b·;rY".?-,:~·~./::J-!,"";,~"c~£<(SEA~)
(.. .':""-/"--..I
Signed,sealed,published and declared by JOHN SCOTT i
SKELLY,the Testator above named,as and for the First Codicil to :
his Last Will and Testament,in the presenc~,of us,who at his re-;
quest,in his presence and in the presence ~.each other,'have
hereunto subscribed our nCl.mes as witnesses ,hereto.
..\'./1 I-~-')
I 0 ify tbat this is a true and cor~~ct copy.~/1 (Ii 1..
e !.'~A~JJ ~'<l ~'~".."I )••,,"/','
(!(v _ _-_......'\.t/l ).A.-'..-/(?J A ,.j:(__-71tto;;';~the Estste .'~3-'
I
!IIII
EXHIBI'r NO.5
ex
paragraph be substituted:
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~!
SECOND CODICIL
TO
LAST WILL AND TESTA~ffiNT
OF
JOHN SCOTT SKELLY
I,JOHN SCOTT SKELLY,of the City of Monongahela,
Washington County,Pennsylvania,declare this to be th~Second
Codicil to my Last Will and Testament dated September 11,1954.
FIRST:I revoke Paragraph SEVENTH of my said Last
Will and Testament and in lieu thereof direct that the following ,
•I
"SEVENTH:I hereby nominate,constitute and
appoint ~~RIE C.SKELLY,my wife,WILLIAM SHERWOOD
SKELLY,my son,and WESTERN PENNSYLVANIA NATIONAL,
BANK,as Executors of this my Last Will and
Testament."
SECOND:In all other respects I ratify and confirm
my Last Will and Testament dated September 11,1954 and the
First Codicil thereto dated November 5,1958.
IN WITNESS WHEREOF,I have hereunto set my hand and
seal this '7,J;,-~III day of ,"/
_:-/-:-,'t..:-/;::.&..:-/.-j_''5....:../,1967.
:{"
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~+=-T-:-:-L:'l.'-<~-:::f~__;_~.•-f:-.'~(SEAL)
"hn Scot/iS1S~,lly
......(t ,~_.--
I
I
Signed,sealed,published and dec~ared by JOHN SCOTT
SKELLY,the Testator above named,as and for his Second Codicil
to his Last Will and Testament,in the presence of us,who,at
his request,in his presence and in the presence of each other,
have hereunto subscribed our names as witnesses.,·)d"1J/~.~~1
-Address 1¥,f [tn'41 7Ai<,1 IJ/(/
I;/~t ;~Hti 1t'f0V~('
EXHIBIT NO.5
IloAftt(l~lUtt ttl iExrrutnr OOr 1\~tI,utatrtttnl'.',
§t~tr uf·ttl'ttUll!JLuuuht }
<!tnuttty of ltJullqittgtntt llll:
Personally before me,thp .undersin:ned authDrity,a......~.n2Joa,:cy...p.·lJPJwi~.p ...in .and for said-1hcnarcr.t;.DoIan,'l'rUSL Irlcer ..N •.I::5.
County and State,appeared M.a~·ie...c.•..·Sk-e.11y.-&...Wm.•...-She.PNG0d..Sk-elWYo,being duly
sworn according to law,deposE}8 and say,i that :me ~the executol'Sac »ronircistMooxof the es-
tate of J.9.hn S.9..QtJ Sk~lly.,~Pe1t¥ecf,\hat the foregoing schedules constitute a..
complete inventory and appraisement ·of the real and personal estate of .John..S.c.o.tt...5.kelly
deceased,except real estate outside the Commonwealth of Pennsylvania;that the figures opposite
each item of real and personal €state in the foregoing schedules are determined and stated by the
undersigned to be the fair value of said items as of the date of the decedent's death,based upon a
just appraisement of each item made by the above named Executor s·IDUtiIDmJffit~
d
sfwor;:~r~t~;yribed be
1
f
9
0re7~e this ~.7..!::h }.:.~.~.~~~~:~~~.~:.~~~~.~.~.~~.~~~
ayo..................................~VCX~
....~.~??y....~g.~.?~.~~~...................................................Richard E.Dolan,Trust Officer
ADDITIONAL INSTRUCTIONlY M~rie C.SkellYMarleC.Skelly
1.An inventory must be filed within three months after appointment of personal representative.
2.A supplemental inventory must be filed within thirty days of discovery of additional assets.
3.1 Original and 2 Copies and 2 RCRI-34,Under $10,000;1 Original and 2 Copies and 2 RCRI-33,
Over $10,000,including Copy of Will;1 Original and 3 Copies and 2 RCRI-33,Over $50,000,in-
cluding Copy of Will and copy of Federal Estate Tax Return.
REFERENCE FOR ADDITIONAL COPY By William Sherwood SkellY
Act of 1947 P.L.513 Sec.5.2,72 P.S.4844.2 ..William Sherwood Skelly,
Executors
3JttUl'tttory atth Apprainrmrtttof the goods and chattels,rights and credits which
were of ..·..·..······..· ·..· ·i · · · ·..· ·..late of ..
Washington County,Pa.,taken and made in conformity with the above affidavit.I .2rn~:K ~
tash..I .(h'. )Fwesternpennsylvanla Natlonal Bank Mononga ela Offlce
I
I Balance of checking account #042-350-942 $24,236.25
united States of America Treasury Bonds
$25,000 2~/o due 12/15/72
35,000 3~%due 11/15/98
10,000 4~/o due 8/15/92
,united States of America Savings Bond
$500 Series "E"#D2 261 661 E issued June 1942
Municipal BondsI$15,000 Ambridge Borough Municipal Authority,Sanitary
Disposal Revenue Bonds,3.90%due Aug.1,1995
$15,000 Baldwin Whitehall Schools Authority School
Building Revenue Bonds,3.50%due March 1,1995
$15,000 Brownsville Municipal Authority,Sewer Revenue
Bonds,5.85%due Dec.1,2008
$10,000 Borough of Charleroi water Revenue Bonds,
3.125%due May 1,1988
$15,000 Charleroi Area School Authority School Building
Revenue Bonds,3.25%due Jan.1,1975
$10,000 Charleroi Area School Authority School Building
Revenue Bonds,3.70%·due July 1,1994
$10,000 Clarion Joint School Building Authority School
Building Revenue Bonds,3.95%due Jan.1,1981
$5,000 Clarion Joint School Building Authority School
Building Revenue Bonds,3.95%due Jan.l,1982
(continued)
EXHIBIT NO.6
22,500.00
25,681.25
7,842.50
874.80
-.
10,875.00
10,050.00
14;625.00
6,600.00
12,900.00
6,900.00
8,300.00
4,100.00
155,484.80
.,"•Municipal Bonds (continued)$155,484.80
$lO,OOP Eastern Crawford County Joint School
'Authority School Building Revenue Bonds,
3.875%due Oct.1,1985 $7,600.00
$15,000 Elizabeth-Forward Joint School Authority
School Building Revenue Bonds,3.05%due
March 1,1983 10,650.00
$10,000 Greater Johnstown water Authority water
Revenue Bonds,3.90%due Jan.1,2004 6,900.00
$20,000 Greenville union School Authority Revenue
Bonds,3.65%due Jan.1,1982 16,100.00
$5,000 Liberty Borough Sewer Authority Sewer
Revenue Bonds,4%due July 1,1975 4,625.00
$10,000 Liberty Borough Sewer Authority Sewer
Revenue Bonds,4%due July 1,1976 9,150.00
$10,000 Lower Bucks County School Authority
School Revenue Bonds,2.625%due Aug.1,1976 7,800.00
$10,000 Lower Bucks County School Authority School
Revenue Bonds,2.75%due Aug.1,1994 5,600.00
$10,000 Monongahela Area Joint Authority School
Building Revenue Bonds,3.75%due Nov.1,1992 7,100.00
$10,000 Moon Schools Union School District Authority
.School Building Bonds,3.60%due Nov.1,1986 7,250.00
$10,000 Norwin School Authority School Building
Revenue Bonds,3.65%due Jan.1,1982 '7,900.00
$10,000 Peters Township Sanitary Authority Sewer
Revenue Bonds,3.80%due Aug.1,2005 6,700.00
$10,000 Philipsburg Osceola Area School Authority
School Revenue Bonds,5.40%due July 1,1998 9,100.00
$10~000 Pleasant Hills Authority Sewer Revenue
Bonds,3.45%due March 1,1988 7,150.00
$20,000 Public Auditorium Authority of Pittsburgh
and Allegheny County,3.60%Auditorium Bonds,
due Dec.1,2001 14,000.00
$15,000 State Highway and Bridge Authority,4.10%
Serial Bond,due Dec.15,1986 13,050.00
$15,000 State Public School Building Authority
School Lease Revenue Bonds,3.70%due May 1,1961 11,325.00
$10,000 State Public School Building Authority
School Lease Revenue Bonds,4%due Nov.1,1995 7,500.00
$5,000 Township of South Fayette Tax free General
Obligation Bond,3.50%due April 1,1969 4,975.00
$5,000 Susquehanna valley Schaal Authority School
Revenue Bonds,5.50%due March 1,1998 4,575.00
$10,000 Titusville Area Joint School Authority
School Building Revenue Bonds,3.30%due Dec.1,1995 6,500.00
$15,000 uniontown School District Authority School
Building Revenue Bonds,4.25%due Oct.1,1990 12,000.00
343,034.80
(continued)
EXHIBIT NO.6
..1 •
.,.J"
•(III •_.,·,·1"•
t I I
I stocks
2110 shs.
613 shs.
216 shs.
300 shs.
1276 shs.
100 shs.
403 shs.
1200 shs.
5732 shs.
2792 shs.
200 shs.
552 shs.
200 shs.
200 shs.
4203 shs.
438 shs.
9470 shs.
390 shs.
1 she
American Telephone &Tele.graph @53.25
Central Penn National Bank of Philadelphia.
@76.00
Chase Manhattan Bank @82.00
Dividend thereon x-date 1/14/69
Conbustion Engineering,Inc.@70.4375
Dividend thereon x-date 12/17/68
Consolidated Edison Company of New York
@34.0625
Equitable Gas Company @?9.00
International Paper Company @37.4375
S.S.Kresge Company @38.5
Marathon Oil Company @5l.0625
Mobil Oil Corp.@57.5625
National Biscuit Company @49.5
Pittsburgh National Bank @69.25
Sinclair Oil @112.125
Standard Oil of New Jersey @77.l875
Texaco,Inc.@81.875
Union Oil Company of California @57.375
Dividend thereon x-date 1/10/69
western Pennsylvania National Bank,
@26.75
F.W.Woolworth Company @32.875
Monongahela Country Club
$343,034.80
$112,357.50
46,588.00
17,712.00
129.60
·21,131.25
180.00
43,463.75
3,900.00
15,087.31
46,200.00
292,690.25
160,714.51
9,900.00
38,226.00
22,425.00
15,437.50
344,120.63
25,130.25
153.30
253,322.50
12,821.25
100.00
Worthless Securities
10 shs.Textile Properties,Inc.,Pfd.
8 shs.International Combustion Engineering
100 shs.Mexico-Ohio Oil Company
One-eighth (1/8)mineral interest in 40 acres Creek
County,Oklahoma,described as Section 24,Township
17N,Range 9E
Miscellaneous
One (1)lot Household Goods
Nemacolin Country Club Membership Certificate
-0-
-0-
-0-
-0-
1,817.25
-0-
$1,826,642.65
============
EXHIBIT NO.6
I
Washington CoUlity Reports
63 SOUTH MAIN STREET
Washington,Pennsylvania
(PUBLISHED BY WASHINGTON COUNTY BAR ASSOCIATION)
Estat otlces
The,__,gister of Wills has granted letters,
testamentary or of administration,in the
following estates.Notice is hereby given
to all persons indebted thereto to make
payment without delay and to those hav-
ing claims or demands to present t!hem
for settlement to the Executors or Admin-
istrators or their Attorneys.
• ••••• • ••• • • ••• • •
PROOF OF PUBLICATION
In compliance with the Newspaper Advertising Act of May 16,1929,P.L.
1784 Sec.3,paragraphs (3)and (25).
COUNTY OF WASHINGTON l
STATE OF PENNSYLVANIA (SS.
Personally appeared before me,a Notary Public in and for said County and
Commonwealth,CHARLES C.KELLER,who,being duly sworn,deposes and
says:that he is the Editor of the WASHiNGTON COUNTY REPORTS,the
official legal periodical for said Washington County,publisihed weekly having its
place of business at W'ashington,Washington County,Pennsylvania,and is act-
ing as its agent in this behalf;that the said WASHiNGTON COl!NTY
REPORTS was established on March 31,1920,and was designated as the official
legal publication for Washington County,Pennsylvania,by order of the several
courts of said County,dated November 11,1920;that the printed notice or adver-
tisement attached hereto is a copy of a notice or advertisement,exactly as printed
or published,which appeared in the said legal periodical in its regular issues on the
following dates:
.........Eehr.ua.r.y:...27..,1969 ··.
.........Mar.ch 6.1 13.1 19.69 ..
SKELLY,JOHN SCOTT,a/k./a .T.S.SKELLY,a/k/a J.SCOTT SKELLY,
a/k/a JOHN S.SKELLY,Dec'd.
Late of,Monongahela,Washington
County,Penna.Executors:Marie C.Skelly,WHliamSherwoodSkelly,Western Pennsyl-vania National Bank,P.O.Box 3390,
.pittsburgh,pa.15230Attorney:G.Donald Gerlach,Reed,
Smith,Shaw &McClay.,747 UnionTrustBldg.,pittsburgh,Pa.15219
,,
Editor
that the affiant or the corporation in behalf of which he is acting is not interested
in the subject matter of said notice or advertising and that all of the allegations of
this affidavit a~h,/ime,place and ch~,r,~r Ofl)h'public tion are true./"'/J /(/G-,/CL/!td ::;;...:1....
Sworn to and
......J..~t~ay .0f....M~t:ch ,,196..9 ..
~f~
KATHERINE C.YARD,Notary Public:
Washington,Washington Co.,Pa.
My Commission Expires
Novemiler 1,1969
~l.....E_X_H_!'B_I_T_N_O_._7 _
..~.•
,.:.=......._-------------------_._--------------t:?..-'-"
THE DAILY REPUBLICAN'
MONONGAH,ELA.PA.
PROOF OF PUBLICATION
In compliance with the Newspaper Advertising Act of May 16.1929 P.L.1784,Sec.3.
paragraphs (3)and (~5>'
County of Washington }ss:
State of Pennsylvania
Personally appeared before me,a Notary Public in and for said county and state,
..MrJ!.•...A •.F.•.D.eSaJlt.i.~who,being duly sworn,deposes and says:thaL@.~............is
the .bQQkkee;p.er of The Monongahela Publishing Co.,a Pennsylvania corpora-
tion,and its agent in this behalf:that the said company is the publisher of The Daily
Republican,published daily except Saturday and Sunday,having its place of business at
Monongahela, Washington County,Pennsylvania;that the said Daily Republican was
established in the year of 1846;that'the printed notice or advertisement,attached hereto
is a copy of a notice or advertisement,exactly as printed or published,which appeared
in the said newspaper in its regular issues on.the following dates:
.,fr'--"-"""-"""-'
ES,ATE'NOTICE.....•Estate of JOHN SCOTll·SKELLY.,
a/k/a J.S.SKELLY ·a/k/a..J:SCOTT SKELI..Y "a/k"a .JOliN S.SKELLY deceased,late of/Monon-gahela,Washington County,Penn.a:Letters Testamentary upon,theaboveestatehaving'been grantedtotheunderSigned,notice is herebygiventothoseindebtedtheretoto:imake immediate payment,ahdto
I those having claims or demands',to'present them for settlement.
Marie C.Skelly .."',
William Sherwood SkellyWesternPennsylvaniaNationalBank,.'
P.O.Box 3390Pittsburgh,Penna..15230,Att;n'ney
G.fbnald Gerlach
Reed,Smith,Shaw &McClay747Union'Trust Building .'Pittsburgh,Penna.15219Feb.20,27;Mar.6,1969.
.F.eJL2.Q.t.~7.&M~J~~J.l 9.,1.9.6~..
1j}stat-e.o.!..J.olm...Sco.tt -S-ke.J.J.y -a/k/a..J S•.Ske1l¥a/.kf-a...J_SC.o.t.t -Skelly a/kja John S.Skelly
that the affiant or the corporation in behalf of'which......is acting is not'inter-
ested in the subject matter of said notice or'advertising and that all of the allegations of
this affidavit as to the time,place and chara9ter.of the publication are true.
~..a ..,.~~.~~.ntw tO~Ub'before this':"C'R'f,'O DOUG.';HERTY Ii\'~t~ry P '-"..I ,.u <11 u:.;!e................day of ,c....MONONGAH:lA,WASHINGTON co.,PA.~_k::--,~---+...h11 Comml.sslon expires July 23)11)72
EXHIBIT NO.7
In t1Jt Qtuurt uf mummnn IUras uf lfas4ingfnn Qtuunty.
Jrnnsylnanin.(@rp4ans'Qtum lIinisinn
ESTATE OF
John Scott Skelly a/k/a J.S.
Skelly,a/k/a J.Scott Skelly
alk/a John S.Skelly,deceased
No.63-69-118
In the matter of the First and Final
Account of Marie C.Skelly,William
Sherwood Skelly and the Western Pennia
Ntl.Bank,Executors
ADJUDICATION AND DECREE
And now December to.tJ ,19ll-,this matter came on for hearing,
audit and distribution at this session and testimony taken;and thereupon,upon due consideration
thereof s-he b9J..Qllc~for distribution in ifhe hands of the Accountant is determined to be
$1,71,ti~.and the account is accordingly confirmed;and it is ordered,
adjudged and decreed that the said balance be paid out by the Accountant in a~!=ordance with the
schedule of distribution hereto attached and made a part hereof,unless exceptions hereto be filed
sec.reg.or an appeal be taken herefrom sec.leg..
SCHEDULE OF DISTRIBUTION
Balance per account _
Additional debit aeked at audit
Additional credit asked at audit
Balance _
$1.572,969.96
77.23
$1,573,047.19
1064.64
Marie C.Skelly,widow,legacy under paragraph
eeeond of the Will,held in kind and distributed
as such at the appraieed value,credit to be
taken by the accountants for items advanced
prior to distribution by the Court.
Deduct Clerk's Costs &Receipts l $00.00
McClay $l,571,482.55~·""
Attorney G.Donald Gerlach with Reed Smith Shaw &.JJu:J.f~7/
vf::!;4 ~,)p (),()~Ruesell Marino,Agent,tranerer inheritance tax,.~~~
$4107.56 I -£'/jInterestfrom4/22/70 to 12/27/71 414.25 I 4521.81 ~<o·eJ
$1,566,960.74
~~.:robI 'jj
~fr,1 /'17.bt1~9?'~-::;:ar1817.2$
$1,565,143.49
Credit to be taken by the
uation et distribution:-
Trust A
Trust B
accountants for reva1-
$138027.11
127323.0§2~~350.l9
$1,299,793.30
Western Pennsylvania National Bank,Marie C.
Skelly and William SherwoQd Skelly,Testamen-
tary Trustees under Paragraph Third of the Wii1,
in trust as set forth in the Will for "Trust An,
including the following assets,held in kind
and distributed as such a t the values as shown,I
credit to be taken by the accountants for funds ,
advanced prior to distribution by the Court:-
Proceeds of Insurance deposited
Cash advanced as of 8-22-69
Cash advanced as of 11-22~69
$15,000 Elizabeth Forward Joint
(4-18-69)
$18,164.59
7,000.00
11,600.00
School Auth I
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3,900.00
65,883.73
876.8$B3r)33r).2'
$464,458.03•:,f ...:
Bonds,Series B,due March 1,1983 $7,950.00
$10,000.00 Greater Johnstown Water
Authority Revenue Bonds,Series A,due _
January 1,2004 5,400.00
$5,000.00 Liberty Bol'o Sewer Auth
Revenue Bonds,Series A,due July 1,
1975 ..
$10,000.00 Liberty Bol'o Sewer A~th
Revenue Bonds,Series A,d~e July 1,
1976 -7,500.00$10,000.00 Lower Bucks County School
Auth.Revenue Bonds,Series of 1954,
due August 1,1976'6,600.00
$10,000.00 Lower Bucks County School
Auth.Revenue Bonds,Series of 1954,
due August 1,1994 '4,400.00
$10,000.00 Monongahela Area Joint
School Authority Revenue Bon~s,Se~ies
A,due Noyember 1,1992 5,500.00
$10',000.00 Norwin School Authority
Building Revenue Bonds due January 1,
1982 . '' . '5,800.00
$15,000.00 Penna State Highway,and
Bridge Authority,Series B,due 'De~ember
15,1986 ' '.9,150.00
$10,000.00 Penna State Public School
Building Auth Bonds,Series A,'due,
November 1,1995 \'5,600.00
$15,000.00 Penna State Public School
Building Auth Bonds,Series E,due
November 1,1986 ,c.8,250.00
$10,000.00 Peters Township Sanitary
Auth Revenue Bonds,Series A,due
August 1,2005.5,200.00
$10,000.00 Philipsburg~OsceolaArea
School Auth Revenue Bonds,Serles of
1968,due July 1,1998.6,800.00
$10,000.00 Pleasant Hills Authority
Revenue Bonds,Series of 1965,due
March 1,1988 4,900.00
$20,000.00 Public Auditorfum Auth of .
Pittsburgh and Allegheny County,Series
A,due December 1,2001 __10,200.00
$5,000.00 Susquehanna Valley SchooT
Auth Revenue Bonds,Series of 1968,
due March 1,1998 3,500.00
$10,000.00 Titusville Area Joint
School Auth Revenue Bonds Series B,due
December 1,1995 5,000.00
$15,000.00 Uniontown School District
,Revenue Bonds,Series A,due October 1,
1990 9,000.00
1418 shares American Tel &:Tel 69,038.88
218 shares Chase Manhattan Bank 11,131.63
857 shares Consolidated Edison 22,871.19
1297'sq.8;res C.,'P.Financial Corp.20,914.13
271 shares,+nternationa~Paper Com 9,400.313384~shares'Mara~honOiL 121;401.00
1681 ;sh!JlresMobil Oil Corp._,96,342.31
371 shares Pittsburgh National Blt.25,552.634518~shares Texaco Inc~.151,847.63
2688 shares WPNB'Corp.70,560.00
262 shar~s F.-W.Woolworth ,9;464.75
Cash ,aqv~nced{'as of 1-11-71 ~',',2.30
Princip~l"cash...-'2~633.34Income;:~a~l,:l advanced,including .
$5000.00',advanced in distributi~m to
to Marie~"g~Skelly,t_',
Sharelncoine'cash accrued but not
advanc~d
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·Western Pennsylvania National Bank,Marie C.
Skelly and William Sherwood Skelly,Testamen-
tary Trustees under Paragraph Fourth of the Wil ,
in Trust as set forth in the Will for "Trust
Brt ,includ~pg the following assets,held in kinl~
and distributed as such at the values as shown,
credit to be taken by the accountants for funds
advanced prior to distribution by the Cou.rt~...
Cash advanced as of 8-22-69 $7,000.00
Cash advanced as of 11-8-69 11,600.00
$15,000.00 Ambridge Boro Sanitary
Disposal Revenue Bonds due August 1,
1995 8,100.00$15~000.00 Baldwin Whitehall Schools
Auth,Series A.,du~March 1,1995 7,500.00
$15,000.00 Municipal Authority of .
Brown~vi11e,Sewer Rev,Bonds,Ser~es .
A,due D$cember 1,2008 .10,50Q.00
$10,000.00 Charleroi Boro Water Re-
venue Bonds due May I,1988"5,000.00
$10,000.00 Charleroi Area School
Auth Bond,Series of 1964,due July 1,
1994 I ,,5,400.00
$15,000.00 Charleroi Area School,·
Auth Revenue Bond,Series of 19Q4"
due January 1,1975 .11,250.00
$10,000.00 Clarion Joint School Bldg.
Auth Rev.Bohd Series B,due January I,
1981 ·"6,600.00
$5,000.00 Clarion Joint School Bldg.
Auth Rev Bond,Series B,due Jm uary 1,
1982 3,200~00
$10,000.00 Eastern Crawford County
Joint School Auth Bonds,Series of
1963,due Oct,1,1985 5,600.00
$20,000.00 Greenville Union School
Auth Bonds,Series of 1966,due
January 1,1982 12,000.00
$10,000.00 Moon Schools Union School
Di,strict Auth Bonds,Series of 1965,
due November 1,1986 5,100.00
692 shares American Tel &Tel 33,691.75
106 shares Chase Manhattan Bank 5,207.25419sharesConsolidatedEdison11,208.25
633 shares C.p.Financial Corp.11,473.13
132 shares International Paper Com 4,710.75
2116 shares Marathon Oil 67,844.25
1111 shares Mobil Oil Corp,47,217.50
181 shares PNB eorp.11,312.50
2682 shares Texaco,Inc.77,945.63
1312 shares WPNB Corp.31,652.00
128 shares F.W.Woolworth 4,664.00
Income cash advanced including dis-
tribution in the amount of $2500.00 to
William Sherwood Skelly and in the amount
of $2500.00 to John Scott Skelly,Jr.,-__
52,565.96
Principal cash 5,430.01
Share income cash accrued but not 'tI
advanced 685.05 b.6WJ.;8.0 ~
No balance
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNA
.ORPHANS'COURTDNISION '
and Western'Pennsylvania Na.tional.Bank,and the attorney is G./D nald
No.118 of 1969
(
)
.(
)
(
)
(
)
(
)
HEARING ON AUDIT
The Honorable P.VINCENT MARINO,JUdge of the
~aid Court.
Monday,December 13,1971,at 1:30.P.M.,EST
Donald Gerlach,Esquire,of Pittsburgh,Penna.,
representing the Accountants.
Number 118 of 1969,th~estate of John Scott Skelly,
are
The Executors/Ma,rie C.Skelly,William G.Sherwood Sk lly
Mr.Gerl?-ch,where is your office?
...
deceased.
Geriach.
INRE:
Estate of
ui0:III..0:o~THE COURT:
'0:•..0:::JoU
..I<(;
ii:...o
~
0:..Ul~APPEARANCES:<..
§
CI::J.,
%I::NTIME:
JOHN SCOTT SKELLY,a/k/a
J.S.SKELLY,a/k/a
L SCOTT SKELLY,ajk/a
:!:JOHN S.SKELLY,
z<~Deceased.>..
UlZZIIIII,
io~."....
z
iUl<BEFORE:.~'.
't
,-
lViR.GERLACH:737 Union Trust Building,Pittsburgh,Pa.If it
please the Court,Western Pennsylvania National Bank wa~also app inted
and is serving as an executor of the estate.We call the Court's
attention to the fact that there is a balance due to fund the marital
trust of $2,633.34.And that is set forth in the Petition.Thebalanc
,will be used to fund Trust B.To my knowledge.and to the knowledg
,.
of the 'executors there are no unpaid c.reditors"Although I understan....~,
that there is a small balance of Pennsylvania Inheritance Tax due .
2
THE COURT:
MH.GERLACH:
.Any outstanding.6laims ?
They are all paid,Your HonoL The Executo:r:;s,I m ght
point out,are in Court this afternoon.
in this decedent's estate?
.~
'·,e
~z~THE COURT:
..I>-til~M.R,GERLACH:
IIIII.
~THE COURT:
~z~M.R,GERLA CH:
0(~
~THE COURT:
II:I-tilo
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2c::J,.,
r~THE COURT:(l/
Are there any problems for adjudication by the Cou t?
No,sir,
,
No problems unde.r you r marital trust?
No,sir.
..
Is there anyone else in Court at this time interested
(NO RESPONSE)
The audit of ,this account ~s ordered clos ed by the
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
J
IN THE MATTER OF:
THE ESTATE OF:
JOHN S.SKELLY
TRUST "A"
ORPHANS'COURT DIVISION
NO.63-69-118
FIRST AND FINAL ACCOUNT
Code tt "
Filed on behalf of Equibank
(formerly Western Pennsylvania
National Bank),Marie C.Skelly (now
deceased)and William Sherwood
Skelly,Co-Trustees
Counsel of Record for this Party,
Reed Smith Shaw &McClay,
Attorneys-at-Law
Pa.LD.No.234
Union Trust Building
Pittsburgh,PA 15230
(412)288-3131
J
..,
,
IN THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION NUMBER 63-69-118
FIRST AND FINAL ACCOUNT
EQUIBANK (FORMERLY WESTERN PENNSYLVANIA NATIONAL BANK),
MARIE C.SKELLY (NOW DECEASED),AND
WILLIAM SHERWOOD SKELLY,CO-TRUSTEES
UNDER WILL OF JOHN S.SKELLY FOR BENEFIT OF
MARIE C.SKELLY
TRUST "A"
Account Number 32-6049-00-4
SUMMARY
SCHEDULE A
PRINCIPAL -PERSONALTY
Receipts Pages 1-12 $810,195.52
Amount transferred
from Income
Personalty 8,881.92
Disbursements Pages 12-16
Balance
SCHEDULE B
INCOME -PERSONALTY
June 2,1981
$819,077.~4
123.007.10
$696,070 34 L-
Receipts Pages 17-24
Disbursements Pages 24-25
Amount transferred
to Principal
Personalty
537,987.15
8,881.92
553,195.18
546.869.b7 /'
Balance
Net Balance
The Balance consists of the following:
Principal
Cash
750 shares Aetna Life &Casualty
Company
700 shares Aluminum Company of
America
Amount Forward
6.326 11
!I $702,396 &51
t.-/
iIII
I
$-431 .~3
22,655.00
24.150.bo '\.
$47,236.123 v
..'
Estate of
Amount Forward
JOHN S.SKELLY
1,600 shares American Telephone
and Telegraph Company
4,032 shares Equimark Corporation
800 shares Exxon Corporation
600 shares Florida Pow~r and Light
465 shares General Electric Corporation
500 shares Georgia Pacific Corporation
700 shares Ingersoll Rand Company
400 shares International Business
Machines
400 shares Minnesota Mining and
Manufacturing Company
900 shares Pittsburgh Plate Glass
Industries,Incorporated
1,100 shares Sears Roebuck &Company
2,100 shares Texaco,Incorporated
450 shares Union Carbide Corporation
830 shares United States Steel
Corporation
135 shares Koppers Incorporated
preferred
600 shares United Technology
preferred
700 shares United States Life
preferred I·
10,769 units Equibank Collective
Income Fund "A"
48 units Equibank Collective
Municipal Fund "C~
Income
Earned prior date of death
Earned subsequent date of death II
I
79,746.k8
64,848.bo .
36,056.bo !
16,107.bo I I25,010.b21
14,385.bo I I34,207.~O III
31,995.bo ,I II24,380.bo I I
22,236.50.2 ::;II23,79.~5
61,031.25
20,245·rO
II
I21,222.35 11
13,706.55 I!i
I
11 I,I I
16,125.00 !I
III16,127.50 Ii
I.81,466.b9 ii II
46.659.62 I $696,070 l34/,L
I
I I
4,227.36 ,I2.098.rT5j 6,326.11
,$702,396~45 v
I I
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II
I,
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,II
"----'----I :1 J
Estate of JOHN S.SKELLY
,1*-'#J..
SCHEDULE A
PRINCIPAL -PERSONALTY
RECEIPTS
Marie C.Skelly (now deceased),
William Sherwood Skelly and
IWesternPennsylvaniaNationalBank,
Co-Executors of The Estate of
John Scott Skelly,deceased
Amount awarded per decree #63-69-118
dated 12/20/71
Cash $2,635.54
Proceeds of insurance deposited 18,164.59
Cash advanced 18,600.bo
$15,000 Elizabeth Forward Joint School
Authority Bonds due 03/01/83 7,950·fO
$10,000 Greater Johnstown Water Authority
Revenue Bond due 01/01/04 5,400.DO I
$5,000 Liberty Boro Sewer Authority
DO IIRevenueBonddue07/01/75 3,900.
$10,000 Liberty Boro Sewer Authority I!
Revenue Bond due 07/01/76 7,500.DO I
$10,000 Lower Bucks County School boAuthorityRevenueBonddue08/01/76 i 6,600.I
i
I,$10,000 Lower Bucks County School bo IAuthorityRevenueBonddue08/01/94 4,400.
$10,000 Monongahela Area Joint School I iiAuthorityRevenueBonddue11/01/92 5,500.bo I I I
$10,000 Norwin School Authority Building I,
Revenue Bond due 01/01/82 5,800.bo
$15,000 Pennsylvania State Highway and boBridgeAuthorityBonddue12/15/86 9,150.
$10,000 Pennsylvania State Public School bo
II
Building Authority Bond due 11/01/95 5,600.
$15,000 Pennsylvania State Public School boBuildingAuthorityBonddue11/01/86 8,250.Ii$10,000 Peters Township Sanitary Authority IIIiRevenueBonddue08/01/05 5,200.10 II
$10,000 Phillipsburg-Osceola Area School ilAuthorityRevenueBonddue07/01/98 6,800.bO II$10,000 Pleasant Hills Authority Revenue bo IIIBonddue03/01/88 I 4.900.Amount Forward 1$126,350.~3 v II
I
'I
-1-
II
I!
IIIIi
Estate of JOHN S.SKELLY
Amount Forward $126,350.b3
$20,000 Public Auditorium Authority of
Pittsburgh and Allegheny County Bond
due 12/01/01
$5,000 Susquehanna Valley School
Authority Revenue Bond due 03/01/98
$10,000 Titusville Area Joint School
Authority Revenue Bond due 12/01/95
$15,000 Uniontown School District Revenue
Bond due 10101/90
1,418 shares American Telephone and
Telegraph
218 shares Chase Manhattan Bank
.857 shares Consolidated Edison
1,297 shares C.P.Financial Corporation
271 shares International Paper
3,384 shares Marathon Oil
1,681 shares Mobil Oil Corporation
371 shares Pittsburgh National Bank
4,518 shares Texaco Incorporated
2,688 shares Western Pennsylvania
National Bank Corporation
262 shares F.W.Woolworth
Assets Purchased
LESS:
Add To Principal
50 Atlantic Richfield Company
warrants
II
I
1,576 4111
III!I
:il
I II
I II
750,525 19
ii
I
I18.049.50 I
II
II
I10,200.DO
3,500.)0
5,000.)0
9,000.)0
69,038.38
11,131.~3
22,871.h9
20,914.h3
9,400.61
121,401.00
96,342·61
25,552.p3
157,847 ..p3 I
70,560.bo II9.464.~5Ii
768 •574 •~9
1
1---
i·Ii
I!
15,000.00
5,712.00
12,337.50
City of Philadelphia
6.50%due 07/01/91 $
Amount Forward
-2-
Reduction in carrying value to
FET value:
Equimark Corporation
(Western Pennsylvania
National Bank
Corporation)$
Texaco,Incorporated
I $15,000
I!Bond
I,
II
Ii
II
9
11
16
1969
Sept.
1980
Dec.
1969
!lug.
Estate of JOHN S.SKELLY
Amount Forward $752,101 60
Aug.14 $10,000 Cities Service Company
debenture 6.625%due
08/01/99 • I $10,000.00
Oct.5 450 shares Philadelphia
Electric Company @
25.375 11,561.36
1971
June 14 $50,000 Centennial Joint
School Building Authority
Bonds 5.75%due 08/01/87 48,000.00
June 14 $25,000 Middletown Township
School Authority Bonds
5.00%due 10/01/93 21,950.00
June 14 $45,000 Pennsylvania
Highway General
Obligation Bonds 4.50%
due 12/15/99 35,266.50
June 14 $70,000 Philadelphia
General Obligation
Bonds 4.00%due 07/01/01 42,300.00 ,
I
1974 ,
Jan.24 $45,000 Pennsylvania Higher IIEducationFacilityI!IiAuthorityRevenueBondsI
II6.20%due 01/01/2000 45,000.00
I,Aug.14 35 units Equibank Collective II
Municipal Fund "C"@ I:il100035,000.00 II
1975 Ii I,
'I
May 9 5514 units Equibank Collective I II
Income Fund "A"@ 7.5976 41,893.17 I
May 9 7255 units Equibank Collective !,
Equity Fund "B"@ 5.7752 41,899.08 IJuly1144unitsEquibankCollective
IMunicipalFund"C"@
969.537 42,659.62 II
Oct.8 49 units Equibank Collective
Income Fund "A"@ 7.2552 355.50
1977
Jan 18 17 units Equibank Collective
Municipal Fund "e"@ I999.487 16,991.28 II
1978 II
April 11 800 shares Exxon @ 44 3/4 36,056.00 II
'i
Amount Forward $752 , 101.60li
-3-I II
I
I
II
Estate of JOHN S.SKELLY
Amount Forward $752,101 60
April 11 1,260 shares Federal National
Mortgage Association @
14 1/4 $18,156.60
April 11 565 shares General Motors
@ 60 5/8 34,490.43
April 11 50 shares General Motors
@ 60 3/4 3,058.50
April 11 378 shares Merck @ 49 18,692.10
April 11 1,260 shares Pepsico
@ 26 1/8 33,182.10
April 11 630 shares Sears Roebuck
&Company @ 22 3/8 14,253.75
April 11 630 shares United States
Steel @ 25 3/8 16,156.35
June 20 $7,000 Middletown Township
School Authority Bonds
6%due 03/01/93 7,000.00
Dec.29 400 shares Ingersoll Rand
I@455/8 18,322.00
Dec.29 500 shares International i
II
Harvester @ 33 3/8 16,822.50
Dec.29 300 shares Minnesota Mining
and Manufacturing Company I!
@ 61 18,423.00 II
I
.1Dec.29 800 shares Pittsburgh Plate
IIGlassIndustries,I
Incorporated @ 24 19,360.00 I·I!II1979III,Jan.12 5,206 units Equibank Collective II II
I
Income Fund "A"@ 7.5331 39,217.42 I I I
April 3 100 shares American Telephone
I
I&Telegraph @ 61 3/8 6,193.50 I
April 3 300 shares Federal National
Mortgage Association ,I@157/8 4,825.50
IIApril3200sharesSearsRoebuckand
IICompany@205/8 4,179.00 I
IApril4200sharesIngersollRand
II@521/2 10,612.00
April 4 100 shares International II
I
I I!
Business Machines II
il@3191/4 31,995.00 if
April 4
I!
200 shares International II
Harvester Company II
@ 40 1/8 8,113.00 Ii,IAmountForwardI$752,101 r60
I
-4-
(,
,
III
Estate of JOHN S.SKELLY
Amount Forward $752,101-60
April 4 100 shares Minnesota Mining
&Manufacturing Company
@ 59 5,957.00
April 4 100 shares Pittsburgh Plate
Glass Industrie&
@ 28 3/8 2,876.50
April 4 200 shares United States
Steel @ 25 5,066.00
April 12 500 shares Aetna Life &
Casualty Company
@ 44 7/8 22,655.00
April 12 100 shares Ingersoll Rand
@ 52 1/8 5,273.50
April 12 250 shares Philadelphia
Electric @ 16 3/8 4,151 .25
April 17 100 shares Federal National
Mortgage Association
@ 16 1/4 1,652.00
April 19 35 shares Federal National
IiMortgageAssociation
@ 16 1/4 578.20
IIDec.17 500 shares Owens Corning
Fiberglas @ 26 3/8 13,307.50 II
Dec.19 130 shares Owens Corning II
Fiberglas @ 26 3/8 3,459.95
II1980
Aug.6 350 shares Alcoa @ 68 1/2 24,150.00 IiAug.6 400 shares Union Carbide II
@ 44 5/8 17,990.00 IIAug.6 50 shares Union Carbide I
@ 44 3/4 2,255.00 I!
Sept.17 82 shares American Telephone
&Telegraph @ 54 1/2 4,514.10
Sept.17 465 shares General Electric
@ 53.375 25,010.02 ,,
Sept.17 270 shares Sears Roebuck I
and Company @ 17 3/4 4,846.50 I
II
Oct.24 500 shares Georgia Pacific
400 @ 28.50,100
@ 28 1/2 14,385.00
I IOct.29 600 shares Florida Power I ,IandLight@265/8 16,107.00 I II
Dec.12 500 shares United States !II
Life @ 22.875 11,537.50 -illDec.12 200 shares United States
Life @ 22.750 4,590.00 'I
Amount Forward I $752,10H60'
-5-
Estate of JOHN S.SKELLY
o 00
o 00
o 00
o 00
$752,101./60
Ii946.~6 II
946.96 I
991.~8
991.~8r932.201
932.eo II
988.53
988.53
\
2,000.bo Ii
2.000.bo Ii
,I34,000.bo I
34.000.bo !
17,441.b6
17.441.b6
1,000.bo
__1:..z•..;:.0,;:.;0o:;..:.:.;:b~o !0 00,
35 ,000 .b0 I I 1''[
35.000.bo II 0tOOl1,000 .POI [I
1,000.pO I 0 00 IIIIIil
1,000 .poi ;1
1,000.bo OrI 0011
25,000.b
1
o I!
25.000.00 II 0l 0011
$752,101,60 1
I
I I
Amount Forward
1981
Jan.23 600 shares United Technology
@ 26.625 16,125.00
April 3 135 shares Koppers @ 101 $13,706.55
Schedule of Short Term Investments
1969
April 25 $18,000 United States Treasury Bills
due 10/23/69 @ 96.8958 $
Redemption 08/08/69
Sept.23 $1,000 United States Treasury Bills
due 11/20/69 @ 98.8527
Redemption 11/20/69
Nov.26 $1,000 United States Treasury Bills
due 01/08/70 @ 99.1475
Redemption 01/08/70
1970
Jan.13 $1,000 United States Treasury Bills
due 11/30/70 @ 93.2201
Redemption 10/27/70
Oct.27 $1,000 United States Treasury Bills
due 08/31/71 @ 94.6955
Redemption 06/21/71
1972 i'Jan.26 $2,000'CMI Master Note
Redemption 04/13/72
1973
Dec.21 $34,000 Signal Master Note
Redemption 07/29/74
1974
April 29 $1,000 Signal Master Note
Redemption 07/29/74
July 30 $35,000 Sears Master Note IRedemption08/16/74
Dec.24 $1,000 Sears Master Note IRedemption12/27/74
1975 IJan.2
II
$1,000 Sears Master Note
Redemption 05/13/75
April 24 II $125~000 Sears Master Note 1
Redemption 05/13/75 $83,000.00
II Redemption 07/10/75 42,000.00 1
II
Amount Forward
-6-
Ii
II
Estate of JOHN S.SKELLY
Amount Forward $752,101 60
June 30 $1,000 Sears Master Note 1,000.bo
Redemption 07/10/75 1.000.bo 0 00
1976
Dec.3 $18,000 Sears Master Note 18,000.bo [,
Redemption 12/28/76 18.000.bo 0 00
Dec.29 $18,000 Trust for Short Term
United States Government
Securities Master Note 18,000.bo
Redemption 01/24/77 $17,000.00
boRedemptionOS/26/78 1,000.00 18.000.0 00
1978
May 9 $6,000 Trust for Short Term
United States Government
Securities Master Note 6,000.bo
Redemption OS/26/78 1,000.00
boRedemption06/28/78 5,000.00 6.000.0 00
Dec.22 $77,000 Associates Corporate Note I .
77,000.go
Redemption 12/29/78 77,000.,0 I 0 °°11979
4 ,000 .~IIJan.2 $4,000 Associates Corporate Note
I Redemption 04/16/79 4.000.00 I:0 OOi--I
March 23 $71,000 Federated Master Trust 71 ,000.00 'I [INote
Redemption 04/03/79 16,000.00 I'i +011,
Redemption 04/04/79 55,000.00 71.000.00 Ii
!
$13,000 Federated Master I
I IIMarch29Trust13,000.00 IINote!
Redemption 04/04/79 10,000.00
00 I
I
Redemption 04/17/79 3,000.00 13.000.0 00
April 12 $1,000 Sears Master Note 1,000.00 I
Redemption 04/16/79 1.000.00 I 0~00111980I,
July 16 $44,000 Trust for Short Term [I IIUnitedStatesGovernment
Securities Master Note 44,000.
1
00 I II
Redemption 07/31/80 1,000.00 I iiRedemption08/06/80 43,000.00 44.000.100 °[°°1Oct.
II
$1,000 Sears Master Note II
27 1,000.00
o 0011Redemption10/29/80 I 1.000.00
Amount Forward I $752,101 F60'1!
II-7-
II IIIIIIi
:.~
Estate of JOHN S.SKELLY
Amount Forward $752,101 60
371 shares
Stock Dividends and Stock Splits
Pittsburgh National Bank,
received as stock split
06/17/71
2 for 1 on 371
shares held O.Do
Equimark,
received as stock split
07111/72
3 for 2 on 2,688 shares
held 1,344 shares 0.:>0 I
Philadelphia Electric Corporation,
450 rights
Consolidated Edison Company
of New York,71 rights
Amount Forward
Received 1,297 shares Central
Penn National Corporation
in exchange for 1,297 shares
C.P.Financial Corporation
I io~ool
II
I
I
O'r O
I IiIiI-
II
o.bo II
Ii
II
iIio.bo i
I
,I
20,914.13 I
I
I20.914.13
1
1
I
18.85
350 shares
Alcoa,
received as stock split
02/20/81
2 for 1 on 350 shares
held
Other Changes in Investments
Gain on Sale of Stock Rights
Aetna Life &Casualty Company
received as stock dividend
06/01/79
5%on 500 shares held 250 shares
International Business Machines,
received as stock split
08/02/79
4 for 1 on 100 shares
held 300 shares
1
2
29
1970
Oct.
1971
April
1976
July
-8-
Estate of JOHN S.SKELLY
Amount Forward 1$-1-15 •3 $"~~,lUl ·IOU
July 22 American Telephone and Telegraph,
1,418 rights 333.b3
)ct.22 Philadelphia Electric Corporation,
450 rights .18.lS2
1972 I I
)ct.6 Philadelphia Electric Corporation,
450 rights 35.0
1973
)ct.16 Philadelphia Electric Corporation,
450 rights 32.8
1975
)ct.14 Philadelphia Electric Corporation,
450 rights 18.~5 553 51
Gain on Conversion of Assets
1971
"fay 17 Proceeds,called $10,000
Pennsylvania State Public
I
School Building Authority
Bond due 11/01/95 $10,250.00
Decree Value 5,600.00 4,650.bo ..----
I
June 9 Proceeds,sale $15,000 II
Elizabeth Forward Joint IiSchoolAuthorityBonds
bo II~Idue03/01/83 10,650.00 IDecreeValue7,950.00 2,700.jl
June 9 Proceeds,sale $10,000 II II
Greater Johnstown Water Ii IIAuthorityRevenueBondIII
IIdue01/01/04 6,325.00 II~,
Decree Value 5,400.00 925.bo
June '9 Proceeds,sale $10,000 ILowerBucksCountyI I II
School Authority Revenue IBonddue08/01/76 8,250.00 I
Decree Value 6,600.00 1,650.bo 1£/
'II,
June 9 Proceeds,sale $10,000
I
IIiiLowerBucksCountyI'I
\1SchoolAuthorityRevenuedv
IIBonddue08/01/94 6,000.00 II
Decree Value 4,400.00 I',II',I
Amount Forward $11,525.00 r$752,655 11'1
-9-,
IIi
,---------------
Estate of JOHN S.SKELLY
Amount Forward $11,525.(~o $752,655 .11
June 9 Proceeds,sale $10,000
Monongahela Area Joint
School Authority Revenue
Bond due 11/01/92 6,500.00
Decree Value 5,500.00 1,000.10
June 9 Proceeds,sale $10,000
Norwin School Authority
Building Revenue Bond
due 01/01/82 7,650.00
Decree Value 5,800.00 1,850.bo
June 9 Proceeds,sale $15,000
Pennsylvania State
Highway and Bridge
Authority Bond
due 12/15/86 11,400.00
Decree Value 9,150.00 2,250.PO
June 9 Proceeds,sale $15,000 !,
IPennsylvaniaState,
I'
Public School Building I'
Ii
I
Authority Bond due ,i11/01/86 10,650.00
)0 IIDecreeValue8,250.00 2,400.
II
June 9 Proceeds,sale $10,000 I,I ilPetersTownshipSanitaryiIiI!Authority Revenue Bond Ii Iidue08/01/05 6,300.00 I IDecreeValue5,200.00 1,100.bo I
I
II
June 9 Proceeds,sale $10,000 ,
Phillipsburg-Osceola
Area School Authority IRevenueBonddue,
I
07/01/98 8,000.00
I PO !
'i
Decree Value 6,800.00 1,200.
IIJune9Proceeds,sale $10,000
IIPleasantHillsAuthority I'IIRevenueBonddueII
03/01/88 6,500.00
1,600.bo
I i!I 'IDecreeValue4,900.00 ,
11I
June 9 Proceeds,sale $20,000 Public II
Auditorium Authority of ilIiPittsburghandAllegheny'II'County Bond due 12/01/01 12,800.00 ,IIIIDecreeValue10,200.00 I 2,600 •, 0 L11
Amount Forward $25,525orO $752,655 11
II
-10-I II
Estate of JOHN S.SKELLY
Amount Forward $25,525.Do $752,655 11
June 9 Proceeds,sale $5,000
Susquehanna Valley School
Authority Revenue Bond
due 03/01/98 4,000.00
Decree Value 3,500.00 500.)0 I
June 9 Proceeds,sale $10,000
Titusville Area Joint
School Authority Revenue
Bond due 12/01/95 6,550.00
Decree Value 5,000.00 1,550.DO IJune9Proceeds,sale $15,000
Uniontown School District
Revenue Bond due
10/01/90 10,800.00
Decree Value 9,000.00 1,800.bo
June 11 Proceeds,sale $5,000
Liberty Boro Sewer
Authority Revenue Bond
625.bo
due 07/01/75 4,525.00
Decree Value 3,900.00
June 11 Proceeds,sale $10,000 I I
ILibertyBoroSewerIIAuthorityRevenueBond
DO Ii
,
due 07/01/76 8,900.00 II
Decree Value 7,500.00 1,400.
II1972IApril11Proceeds,sale 62 shares I,1 IIF.W.Woolworth Company ,
@ 42.125 2,571.31 Ii I,
Decree Value 2,239.44 331.8711 il
1973 I I IDec.21 Proceeds,sale 384 shares !I ,
Marathon Oil Company
@ 46.25 17,538.18
Decree Value 13,776.00 3,762.18 I
1974 I
Jan.15 Proceeds,sale $70,000 I
IIPhiladelphiaGeneralI
IIObligationBonds I'
4.00%due 07/01/01 45,937.50 III'
Investment Value
3,637.fso
I I',IIi
06/14/71 42,300.00 I [I
1976 I I!
Dec.1 Proceeds,sale 71 shares IIInternationalPaperI,
Company @ 68 1/4 4,797.83 I [I
Decree Value 2,462.80 2.335.03 1 I i
Amount Forward $41,466.58 $752,655 11
II
-11-
I
Estate of JOHN S.SKELLY
7,201.25
6,937.51
25,015.20
18,692.10
26,341.00
25,552.63
59,716.74
53.812.50
48,250.00
48,000.00
48,394.38
45,850.00
$
-12-
DISBURSEMENTS
Amount Forward
Administration Expenses
Total Receipts
Amount transferred from Income
Personalty
Commonwealth of Pennsylvania,1971-72,
and 1976-77 state fiduciary income
tax paid 04/10/72 to 03/16/78
Amount Forward
Proceeds,sale 378 shares
Merck &Company @ 66 3/4
Investment Value
04/11/78
Proceeds,sale 800 shares
Mobil Oil Corporation
@ 60 7/8
Decree Value
Proceeds,sale $50,000
Centennial Joint School
Board Authority Bond
due 08/01/87
Investment Value
06/14/71
Proceeds,sale 200 shares
International Paper
Company @ 36 1/2
Decree Value
Proceeds,sale 742 shares
Pittsburgh National
Corporation @ 35 1/2
Decree Value
Proceeds,sale 1,500
shares Marathon Oil
Company @ 40 1/8
Decree Value
$41,466.~8 ~752,655 11
263.~4
5,904.P4
788.37
2,544.38 !
Ii
II
III
250.PO Ii ilIII,
Ii
I
'I II!I
6.323.10 $57.540 411
1$810, 195t52
I I
I 8.881 92 11
IF 81 91077
1
~~ii v
I
I!
I I'
I !IIIII
bo II
Ii109.I
$109.pO
I
I i
April 12
1979
April 12
April 11
April 11
1978
April 11
Dec.
r
Estate of JOHN S.SKELLY
1977
Feb.22
Amount Forward
Internal Revenue Service,1971
and 1974,federal fiduciary
income tax paid
04/19/72 to 03/20/75
Equibank,Trustee's compensation
taken OS/26/70
.Principal Distributions
Mrs.Marie C.Skelly,remittance
$109.00
4,252.~O I
I
4,710.~8 ,/
6,009.5
1969
Sept.22
1973
Dec.21
Dec.21
1975
April 17
April 17
April 18
1976
Dec.1
Loss on Conversion of Assets
Proceeds,sale 50 Atlantic
Richfield Company,
warrants $
Carrying Value
Proceeds,sale 181 shares
Mobil Oil Corporation
@ 44.375
Decree Value
Proceeds,sale 318 shares
Texaco Incorporated
@ 26.75
Decree Value
Proceeds,sale 700 shares
Mobil Oil Corporation
@ 39.375
Decree Value
Proceeds,sale 2,100 shares
Texaco Incorporated
@ 24.375
Decree Value
Proceeds,sale 1,500 shares
Marathon Oil Company @
32.25
Decree Value ~
Proceeds,sale $10,000
Cities Service Company
debenture 6.625%due
08/01/99
Investment Value
08/14/69
Amount Forward
-13-
1,507.87
1,576.41
7,913.26
10,373.56
8,373.78
11,110.13
27,237.85
40,118.75
50,586.56
73,368.75
47,862.98
53,812.50
8,312.50
10,000.00
68.54 :--
I I
I II2,460 •30 IlL
i!
I,
2,736.B5!1'-
Iii
II12,880.90 '
22,782.19
i
5,949.52
1
'-
I1.687.50 /
$48,565.30 $
II
[I
,I
II
II
!iilIiII
IiI',i
r
Estate of JOHN S.SKELLY
Amount Forward $48,565.0 b 10,720.(3
Dec.1 Proceeds,sale 218 shares.
Chase Manhattan
Corporation @ 26 5/8 $5,720.66
Decree Value 11,131.63 5,410.~7
1978 I
April 11 Proceeds,sale 1,297 shares
Central Penn National
Corporation @ 11 3/4 15,239.75
Decree Value 20,914.13 5,674.38
April 11 Proceeds,sale 857 shares
Consolidated Edison,
76 @ 23,781 @ 23 1/8 19,548.72
Decree Value 22,871.19 3,322.7
April 11 Proceeds,sale 200 shares
F.W.Woolworth Company
@ 18 1/4 3,586.49
3,638·r2DecreeValue7,225.31
Dec.19 Proceeds,sale $25,000 I
Middletown Township i
I:School Authority Bonds Idue10/01/93 21,500.00 !I
Investment Value I
06/14/71 21,950.00 450.)0 II
IDec.19 Proceeds,sale $7,000 Ii
it
'IMiddletownTownshipIiI,School Authority Bonds Ii "
due 03/01/93 6,825.00 I
I
I
Investment Value I I06/20/78 7,000.00 175.00 !
I
,
1979
Jan.12 Proceeds,sale 7,255 units IEquibankCollective IEquityFund"B"@
5.40572 39,218.50
IIInvestmentValue
05/09/75 41,899.08 2,680.58 IiII
March 22
II
Proceeds,sale $45,000
I
I !II!I
ilPennsylvaniaHighwayi
I
General Obligation Bonds [I
due 12/15/99 32,456.25 II
II
Investment Value II~5 Iv I,
06/14/71 35,266.50 2.810.iI'I
I Amount Forward $72,727.~7t 10,720.03
I
-14-t
I
I I I
~~~~----------
Estate of JOHN S.SKELLY
Amount Forward $72,727.7 $10,720.(3
1arch 22 Proceeds,sale $45,000
Pennsylvania-Higher
Education Facility
Authority Revenue Bonds
due 01/01/2000 37,800.00
Investment Value
01/24/74 45,000.00 7,200.bo -
'1arch 23 Proceeds,sale $15,000
City of Philadelphia
Bond due 07/01/91 13,299.00
Investment Value 0/"08/11/69 15,000.00 1,701-bo
)ec.17 Proceeds,sale 630.shares
Pepsico @ 25 1/4 15,727.41
Investment Value 863.~4 /04/11/78 16,591.05
1980
July 14 Proceeds,sale 48 units i II
I
Equibank Collective I
Municipal Fund "C"I,i
@ 919.4138 44,131.87 II I
3,859 •~1 'I v jInvestmentValue
(various dates)47,991.28 I·i!!i
'ISept.17 Proceeds,sale 35 shares i
II !:Federal National Mortgage iI IIAssociation@147/8 514.78 II
IInvestmentValueI I04/11/78 578.20 63.42 'V I
Sept.17 Proceeds,sale 1,660 shares
Federal National Mortgage IAssociation@1524,623.19
I IIInvestmentvaluev
(various dates)24,634.10 10.91
IISept.17 Proceeds,sale 450 shares Ii
Philadelphia Electric ii
Company @ 13 1/2 5,986.48 I il
I
,I !
Investment Value
v LII10/05/69 10,100.96 4.114.48
Amount Forward $90,5lfo.63 $10,720 f I
II
-15-
I I
Estate of
Amount Forward
JOHN S.SKELLY
$90,540.p3 ~10,720.(3
Sept.18
1980
Oct.24
Oct.30
Proceeds,sale 250 shares
Philadelphia,Electric
@ 13 5/8
Investment Value
04/12/79
Proceeds,sale 315 shares
General Motors,265 @
50 1/4,50 @ 50 1/4
Investment Value
04/11/78
Proceeds,sale 300 shares
General Motors @ 49.50
Investment Value
04/11/78
3,357.07
5,611.65
15,693.77
21,158.87
14,717.50
16,390.06
I
- I2,254.58
5,465.10
1,672.56
Total Disbursements
-16-
Dec.
1981
Jan.
April
12
22
2
Proceeds,sale 630 shares
Pepsico Incorporated
@ 25.125
Ihvestment Value
04/11/78
Proceeds,sale 630 shares
Owens Corning Fiberglas
Corporation @ 26
Investment Value
(various dates)
Proceeds,sale 700 shares
International Harvester
Company @ 20 1/4
Investment Value
(various dates)
15,677.02
16,591.05
16,228.25
16,767.45
14,034.53
24,935.50
i I914.~31
I!
i
539.20 Ii
II
I!
Estate of JOHN S.SKELLY
SCHEDULE B
INCOME -PERSONALTY
RECEIPTS
Marie C.Skelly (now deceased),
William Sherwood Skelly and
Western Pennsylvania National
Bank,Co-Executors of the Estate of
John Scott Skelly,deceased
Amount awarded per decree #63-69-118
dated 12/20/71
Cash
Final distribution
Interest-Corporate Bonds
$15,000 Elizabeth Forward Joint School
Authority Bonds due 03/01/83
received 03/03/70 to 06/09/71
$10,000 Greater Johnstown Water Authority
Revenue Bond due 01/01/04 received
01/19/70 to 06/09/71
$5,000 Liberty Boro Sewer Authority
Revenue Bond due 07/01/75 received
01/19/70 to 06/11/71
$10,000 Liberty Boro Sewer Authority
Revenue Bond due 07/01/76 received
01/19/70 to 06/11/71
$10,000 Lower Bucks County School
Authority Revenue Bond due 08/01/76
received 02/12/70 to 06/09/71
$10,000 Lower Bucks County School
Authority Revenue Bond due 08/01/94
received 02/12/70 to 06/09/71
$10,000 Monongahela Area Joint School
Authority Revenue Bond due 11/01/92
received 05/04/70 to 06/09/71
$10,000 Norwin School Authority Building
Revenue Bond due 01/01/82 received
01/19/70 to 06/09/71
I
$15,000 Pennsylvania State Highway and
Bridge Authority Bond due 12/15/86
received 06/16/70 to 06/09/71
Amount Forward
-17-
$65,883.rr 3
876f
808 .'~5 I
II
753.9911
I 386.67 !
II
J
773.33 i
485.68
502.45
600.00
908.84
5,924.88vii
1/
$66,760.~8 t
Estate of JOHN S.SKELLY
4,850.98
21,658.34
Amount Forward
$10,000 Pennsylvania State Public
School Building Authority Bond due
11/01/95 received 05/04/70 to
11/03/70 .
$15,000 Pennsylvania State Public
School Building Authority Bond due
11/01/86 received 05/04/70 to
06/09/71
$10,000 Peters Township Sanitary
Authority Revenue Bond due
08/01/05 received 02/12/70 to
06/09/71
$10,000 Phillipsburg-Osceola Area School
Authority Revenue Bond due 07/01/98
received 01/19/70 to 06/09/71 .
$10,000 Pleasant Hills Authority Revenue
Bond due 03/01/88 received 03/03/70 to
06/09/71
$20,000 Public Auditorium Authority of
Pittsburgh and Allegheny County Bond
due 12/01/01 received 06/05/70 to
06/09/71
$5,000 Susquehanna Valley School Authority
Revenue Bond due 03/01/98 received
03/03/70 to 06/09/71
$10,000 Titusville Area Joint School
Authority Revenue Bond due 12/01/95
received 06/02/70 to 06/09/71
$15,000 Uniontown School District Revenue
Bond due 10/01/90 received 04/27/70
to 06/09/71
$15,000 City of Philadelphia Bond due
07/01/91 received 01/05/70 to 03/23/79
$10,000 Cities Service Company debenture
due 08/01/99 received 02/05/70 to
12/01/76
$50,000 Centennial Joint School Building
Authority Bonds due 08/01/87 received
08/04/71 to 12/19/78
$25,000 Middletown Township School
Authority Bonds due 10/01/93 received
10/05/71 to 12/19/78
$45,000 Pennsylvania Highway General
Obligation Bonds due 12/15/99 received
07/02/74 to 03/22/79
Amount Forward
-18-
$5,924.B8 $66,760.t iB
400.)0
888.)0
703.D1
1,044.bOI
609.50
I
1,092.60 11
I'I'II
485.83
11
500.50 Ii
i
I1,073.131
!
9,233.98
III
Ii
jl
II
.1
II
II
III15.818.02
$73,698.83 $66,760.58 I:
i/I
Estate of JOHN S.SKELLY
Amount Forward $73,698.B3 $66,760 58
$70,000 Philadelphia General Obligation
Bonds due 07/01/01 received 01/05/72 Ito01/16/74 7,101-1
$45,000 Pennsylvania Higher Education
Facility Authority Revenue Bonds due I
01/01/2000 received 07/02/71 to b503/22/79 14,407.
$7,000 Middletown Township School Authority vBondsdue03/01/93 received 12/19/78 120.7 95,327 36
Interest-Government Securities
United States Treasury Bills
$18,000 due 10/23/69 received 08/08/69 295.rr9
$1,000 due 11/20/69 received 11/20/69 11-~7
$1,000 due 01/08/70 received 01/08/70 8.52
$1,000 due 11/30/70 received 10/27/70 62.50
$1,000 due 08/31/71 received 06/21/71 43.~2 421 70
Dividends i
IAetnaLifeandCasualtyICompanyI
500 shares received
I,
II
08/16/79 $337.50
II750sharesreceived
11/15/79 to 05/15/81 2,700.00 I·3,037.50 !?"
'I,
Aluminum Company of America II I,
Ii 'I350sharesreceivedII
11/25/80 to 02/25/81 595.00 II I I
I700sharesreceived
I
,
OS/26/81 315.00 910.bo
American Telephone and ITelegraphI
II
I1,418 shares received II05/03/71 to 04/04/79 40,639.88 I1,518 shares received Ii
07/09/79 to 10/01/80 11,385.00 !IIi
1,600 shares received 56,184.~8 :1I'
01/02/81 to 04/01/81 4,160.00 il
Central Penn National II
Corporation II
I'
I
1,297 shares received Ii
10/04/76 to 04/05/78 2.451Jn ll iit/
Amount Forward $62,583.7 11 $162,509~64i
-19-
I
II
I
I I I
Estate of
.'
JOHN S.SKELLY
Amount Forward $62,583.1 $162,509 .64
Chase Manhattan Bank
I218sharesreceived
02/17/71 to 11/17/76 2,746.sO
Consolidated Edison
Ii
857 shares received
03/22/71 to 03/21/78 9,941.bO
C.P.Financial Corporation
1,297 shares received
04/02/71 to 06/30/76 7,496.)6
Exxon Corporation
800 shares received
06/15/78 to 03/10/81 10,640.bo
Federal National Mortgage
Association
1,260 shares received I06/28/78 to 03/26/79 $ 1,537 •20 Ii
I1,695 shares received
DO II06/25/79 to 09/25/80 3,254.40 </'4,791.II,
il
I
Florida Power and Light II
600 shares received ,I
12/15/80 to 03/16/81 I 816.bo i [I;
General Electric Company I!!I
I
i
465 shares received I III
10/27/80 to 04/28/81 ~5 I
II1,046.I
I
I
General Motors Corporation
615 shares received
06/19/78 to 09/10/80 7,779.~5 II
Georgia Pacific Corporation I I
II
I
500 shares received I
bo I12/11/80 to 03/09/81 300.II
Ingersoll Rand Company
I
IiI:
400 shares received ;i
03/01/79 316.00 !I
II700sharesreceived,/II
06/01/79 to 06/01/81 5,173.00 I 5.489.00 II
Amount Forward $113,630.97'11;$162,509r64ii
-20-n
"
I
il
I II
Estate of JOHN S.SKELLY
Amount Forward $113,630.g7 $162,509 64
International Business Machines
100 shares received
06/12/79 $344.00
400 shares received
09/11/79 to 03/10/81 2,408.00 2,752.)0 I
International Harvester
Company
500 shares received
04/17/79 287.50
700 shares received
07/16/79 to 01/15/81 2,800.00 3,087.50
.
IInternationalPaper
271 shares received'
03/17/71 to 03/21/78 3,345.~9
Marathon Oil
I3,384 shares received
03/12/71 to 12/13/73 16,283.20
3,000 shares received i
II03/12/74 to 03/13/75 6,750.00
1,500 shares received
32,108.20 li/06/12/75 to 03/17/78 9,075.00
Merck and Company,II [IIncorporatedIi378sharesreceived
07/12/78 to 04/02/79 680.40 ii I:
!IIIMinnesotaMiningandI
Manufacturing Company
I
II
300 shares received
03/14/79 180.00
400 shares received 00 I06/12/79 to 03/12/81 2,140.00 2,320.
II
II
Mobil Oil Corporation I I
I1,681 shares received 'I03/15/71 to 12/11/73 13,448.00 I,
1,500 shares received
I
il
I
l!
03/13/74 to 03/20/75 6,075.00 il800sharesreceivedIII
06/12/75 to 04/26/78 8,800.00 28.323.00 II
I
II
Amount Forward $186,247.56 $162,509.641!,I
II
I -21-
I
I I I
Estate of JOHN S.SKELLY
Amount Forward $186,247.b6 $162,509.64
Owens Corning Fiberglas
Corporation
-630 shares r~ceived
03/17/80 to 12/15/80 756.)0
Philadelphia Electric I
Company
450 shares received
12/30/69 to 04/02/79 $7,155.00
700 shares received
06/29/79 to 09/30/80 1,890.00 9,045.Do.
Pittsburgh Plate Glass
Incorporated
800 shares received
03/12/79 368.00
900 shares received
06/14/79 to 03/12/81 3,672.00 4,040.)0
Pepsico,Incorporated
1,260 shares received I
I07/07/78 to 12/31/79 2,337.30 II630sharesreceived35Ii Ii03/31/80 to 09/30/80 589.05 2,926.
Pittsburgh National Bank .II
II371sharesreceived,~I
01/13/71 to 04/13/71 519.40 I I il
742 shares received II Ii
07/15/71 to 04/13/78 8,555.26 9,074.56 I!I III
ISearsRoebuckandCompany
I
I
630 shares received
07/13/78 to 04/02/79 730.80
830 shares received I07/06/79 to 10/02/80 1,643.40 I
I
I I1,100 shares received I
I01/02/81 to 04/02/81 748.00 3,122.'0 i
Texaco,Incorporated I I !I4,518 shares received I I I
!I03/15/71 to 12/11/73 22,544.82 I
4,200 shares received I
II03/11/74 to 03/13/75 10,920.00 II
2,100 shares received II
06/12/75 to 03/10/81 26,712.00 I 60 . 176 . B2 Ii
Amount Forward $275,388.,9 II $162.509!641
-22-
I
IIIII
Estate of JOHN S.SKELLY
Amount Forward $275,388.~9 $162,509.64
Union Carbide
450 shares received
12/01/80 to 06/01/81 1,080.)0
United States Life I700sharesreceived
03/02/81 to 06/01/81 787.bO
United States Steel
Corporation
I
630 shares received
06/19/78 to 03/13/79 1,008.00
830 shares received bo06/12/79 to 03/10/81 2,739.00 3,747.
United Technology
600 shares received
03/10/81 382.pO
Western Pennsylvania
National Bank (now :I IEquimark)II I2,688 shares received 'I i04/15/71 to 04/18/72 3,763.20 I :I
II
4,032 shares received
'41:07/12/72 to 03/31/81 32,135.04 35,898.
I,
:1F.W.Woolworth Ii
262 shares received II II,
1 'I03/03/71 to 03/03/72 $393.00 I III200sharesreceivedII06/07/72 to 03/07/78 1,430.00 1.823.bo !319,106 83 1
/
Interest-Corporate Notes
Associates Corporate Note,received
II
01/04/79 to 05/02/79 267.05
CMI Master Note,received 02/03/72
to 05/03/72 17.91
Signal Master Note,received 01/04/74
2,145.104 Ito08/05/74
Sears Master Note,received 08/05/74
to 11/06/80 1,482.'91
Trust for Short Term United States II
Government Securities Master Note,III'received 01/17/77 to 09/05/80 391-50 ,I
II
Amount Forward $4,304.141 $481,616~47'
-23-
I
II
I I
Estate of
.'
JOHN S.SKELLY
Amount Forward $4,304.1 $481,616 47
Federated Master Trust Note,
received 04/03/79 to
U505/02/79 277.4,581 86
Common Fund Distributions I
rEquibankCollectiveMunicipal
Fund "c"
35 units received 09/01/74 to
07/01/75 2,155.g2
79 units received 10/01/75 to
01/01/77 6,731.g1
96 units received 04/01/77 to .
07/01/80 19,427.b8
48 units received 10/01/80 to
04/01/81 2.136.53 30,451 44
Equibank Collective Income
Fund "A"
I5,514 units received 06/01/75 to II
10/01/75 1,359.~1 II
Ii5,563 units received 01/01/76 to 5A !01/01/79 10,875.
110,769 units received 04/01/79 to ~81i I!,04/01/81 16.958.29,193(37
11IiEquibankCollectiveEquityi,
Fund "B"
I I II
received 06/01/75 !I7,255 units to I
01/01/79 7.352 04
Total Receipts I $553,195 .18
DISBURSEMENTS I I III
IIAdministrationExpenses II
I[
I
!,
Treasurer,Washington County,personal I Ii
:1propertytaxpaid06/11/70 to I II
OS/21/81 $2,597.b6 II
II1972I'April 10 I Commonwealth of Pennsylvania,1971 IiII
I state income tax 260.90 V 'I
Amount Forward $2,857.96 I,
I-24-
I
I I I
Estate of JOHN S.SKELLY
1981
June
June
June
8
8
8
Amount Forward
Register of Wills,cost of filing
this account.
Reed,Smith,Shaw and McClay,
Attorneys-at-Law,professional
services rendered
Equibank,Trustee's compensation taken
OS/26/70 to 06/08/81
Equibank,termination compensation
$2,857.6
782.0 0
2,500.lO
41,515.4
3.686.)2 51,342 32
Income Distributions
1977
!eb.18
:<'eb.18
Marie C.Skelly,remittances OS/21/69
to 01/21/81
William S.Skelly,remittances
John S.Skelly,Jr.,remittances
480,946.65
2,849.g4
2.849.e4 $486.644 83
II
1
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II
II
537,987 15
,I 8.881
I $546.869
i
II
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1
Total Disbursements
Amount transferred to Principal
Personalty
-25-
l
Estate of JOHN S.SKELLY
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF;;W?i&HtN~W~;'';';,-~-_.....--,.-'~
\":~~'_:'f ..,3>
SS
REQUEST FOR DISTRIBUTIO
herwood
tee
,--;,(;d-
__jf--.:..-?-__7__+--Tl-_day 0 f
this
Sworn and subscribed before me this
~JII:--,~e ,19 Y'/
EQUIBANK (FO
PENNSYLVANIA
CO-TRUSTEE
in
SusanL.Stout,Trust 'bfficer,Equi ank (fore y Westen
Pennsylvania National Bank),and Marie,C.Ske ly (now ec ased),a d
William She~wood Skelly,being duly swo~n acc rding,to a~depose a d
say that the disbursements shown in the accou t have be n I ade to t e
parties entitIed thereto and that the accoun 'as stat dis true a,d
'correct as they verily believe.
'.
.;<
--------~
-~.2,/./
,
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The Court is respectfully requested to determine
proper distribution in this estate.
Counsel for Accountant
,
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,lIn t4t araurt'af arammnn 'ltas af lIus4ingtnn arautdy,
-.I 'tnnsyluania .®rp4ans t araurt !iuisinn
ESTATE OF
JOHN S.SKELLY
FBO MARIE C.SKELLY
DFCEASED
No.63-69 '-118
In t~e matter of the FIRST AND FINAL
;Account of EQUIBANK'AND WILLIAM
SHEBJolOOD SKELLY,CO-TRUSTEES
-.'.ADJUDICATION AND DECREE
And now October 8''.;.,19~:this matter having came on for
heming,a.udi~a~d ~istributiOf'!and testimony take~;upon ~ue consideration thereof"the bal-
ance for dlstnbutlon In the hands of the Accountant IS determined to be $720,105.ts 1
and the account is accordingly 'confirmed;and it is ordered,adjudged and decreed that the said bal-
ance be paid out by the Accountant in accordance with the schedule of distribution hereto attached
and made a part hereof,unless exceptions hereto,be filed sec.reg.or an appeal taken herefrom sec.
leg.
Thomas J.Terputac,
SCHEDULE OF DISTRIBUTION
Balance per account --.,.-_-='I $702,396.45
ADD:
DEDUCT:
Per Petition
Per Petition
97943.4J
80234.0~
Balance·1 $720,105.81
Attorney Don Gerlach -Reed,Smith,Shaw &McClay
TO:EQUIBANK,TRUSTEE Under the wiil of Marie C.
Skelly FBO John Skelly subject to the right
of The Executor to seek reimbursement for
Federal Estate taxes or Pennsylvania
Inheritance tax;one-half (1/2)Balance,viz:
Cash
375 shares Aetna Life and
Casualty Company
350 shares Aluminum Co~pany
of America
800 shares American Telephone
and Telegraph
2,016 shares Equim~rk Corporation
400 shares Exxon Corporation
300 shares Florida Power
and Light
232 shares General Electric
Corporation
350 shares Ingersoll Rand Company
(market value)
09/25/81
$720.19 720.lc
14,390.63 l1327.5C
9,034.55 l2075.0C
45,250.40 39873.24
13,860.00 32424.00
12,000.00 18028.00
8,118.90 8053.50
12,035.00 12478.12
20,278.30 17103.75
Amount Forward $135,687.97 ~52083.3C
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No.63-69 -118
t4t <!tum uf <!tumuutu 'ltas uf lfas4tngtnu Cltuunty,
'ennsyluanbr ~®rp4ans'Cltum linisintt
I~,)}n
ESTATE OF
JOHN S.SKELLY In the matter of the'_
FBO MARIE C.SKELLY Account of _
ADJUDICATION AND DECREE
SCHEDULE OF DISTRIBUTION
Balance per jJccount I $,---
Balance I $ -
~;10,750.00 15997.5
18,197.10 11118.2
8,697.15 11639.6
34,453.65 30515~6
10,462.50 10122.5
6,256.00 6904.0
6,243.90 8062.5
7,700.00 8063.7
53,582.38 72471.4
20,142.70 1 23329.8t $350,308.34
$312,173.35
I I
$350,308.34AmountForward
Amount Forward $135,687.97 ~52083.3
200 shares International Business
Machines
450 shares Pittsburgh '~late
Glass Industries,Inc.
550 shares Sears Roebuck
and Company
1,050 shares Texaco,Inc.
225 shares Union Carbide
Corporation
68 shares Koppers,Inc.preferred
300 shares United Technology
preferred
350 shares United States Life
preferred
9,580 units Equibank Collective
Income Fund IIAII
24 units'-Equibank Collective
Municipal Fund "c".
Attorney'--------------.."..:....-:---;,:-~_:_~~~17
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Jeunsyluuniu ~rp4uns'Qtnurt lIiuisinn Page 3
ESTATE OF
JOHN S.SKELLY
FBO MARIE C.SKELLY
No.63-69 -118
In the matter of the _
Account of _
ADJUDICATION AND DECREE
~od now .,19 81,this matter having came on..fM
hea:ring,~ilCirrd-EU5t~on and testimony taken;..upon due considerati'"'-"8 t e bal-
ance for distribution in the hamfs 0 . .A~~-untant is determ'.J .....I GO ,105.1
and the account is accordingly confirmed;and .it •,....daed and decreed that the said bal-
ance be paid out by the Accou ' .",..cor ance with the schedule 0 ~:"',...:_-hereto attached
and made a nt'Irt "umess exceptions hereto,be filed sec.reg.or an appeal taken heretrom ~._-~
"
SCHEDULE OF DISTRIBUTION
Balance per account 1
Balance''---I
Attorney '_',
Amount Forward,'
,
TO:EQUIBANK,TRUSTEE Under the Will of Marie C.
Skelly FBO William S.Skeily sub~ect to the
right of The Executor to seek reimbursement
for Federal Estate taxes or Pennsylvania
Inheritance tax;one-half (1/2)Balance,viz:
$,----,--
$----
$350,308.34
(market value)
09/25/81
Cash $760.81 760.81
375 shares Aetna Life and .
Casualty Company 14,390.63 11327.50
350 shares Aluminum Company
of America 9,034.55 12075.00
800 shares American Telephone ,
and Telegraph 45,250.40 39873.24
2,016 shares Equimark Corporation 13,860.00 32424.00
400 shares Exxon Corporation 12,000.00 18028.00
300 shares Florida Power and
Light 8,118.90 8053.50
Amount Forward $103,415.29 22542.05 $350,308.34
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No.63-69 -118
In the matter of the,.
Account of
JOHN S.SKELLY
of Estate of
Abjtroitntinu nub irrrrt
~2
..
...
Page 4
Q!auu!y,
In the matter of thei _
Qraurt at arammnn '!tas at llus4ingtnn
Jtnusylunnin <0rpqnus~Q!aurt iliutsinn
No.63-__6_9_-_1_1_8 _ESTATE OF
JOHN S.SKELLY
FBO MARIE C.SKELLY Account of _
ADJUDICATION AND DECREE
f\rrd-now----,19~,this matter having c~
hearing,audit and distrJ ,.,,,,A testimony taken;upon due consider~,the bal-
ance for distribution in the hands of t e I is determineA L""l;...-,-in H\t:;'R 1
and the account is accordingly confirmed;and it ~erea,'nnd decreed that the said bal-
ance be paid out by the Account'9:!J!-i.o-eecorcf'Clri'Ce with the schedule ofdistr·.L..~~~attached
~£,.-\:Jf'll-esS'eXcePtionshereto,be filed sec.reg.or an appeal taken herefrom s ;
SCHEDULE OF DISTRIBUTION
Balance per account --'---I $,----
233 shares General Electric::~I
Corporation
350 shares Ingersoll ~and Company
200 shares International
Business Machi~es'
450 shares Pittsburgh Plate
Glass Industries,Inc.
550 shares Sears Roebuck and
Company
1,050 shares Texaco,Inc.
225 shares,:Uni6ik,Carb4:dei.eoil::pora tion
67 shares Koppers,Inc.preferred
300 shares United Technology
preferred
350 shares United States Life
preferred
1,18,9 units Equibank Collective
Income Fund "A"
12,086.88 12531.9(
20,278.30 17103.7 t
10,750.00 15997.5(
18,197.10 11118.2~
8,697.15 11639.6
34,453.65 30515.6
10,462.50 10122.5C
6,164.00 6802:5]~\
6,243.90 8062.5C
7,700.00 8063.7:
~6,650.26 8994.6~
Amount Forward $245,099.03 ~~3494.6 $350,308.34
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No.63-69 -118
In the matter of the
Account of"
JOHN S.SKELLY
of Estate of
A~jubirntinu nub Itrrtt
"
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~2
..'
:'
J~'~'-"'_lIn·t4t,-
ESTATE OF
<ltuun uf <ltumUUtn 'ltuli uf lIali!Jingtlln
Jtnnliylnania (@rp4anli'<ltuun lIittiliinn
No.63-69 -118
<ltuunty,
Page 5
JOHN S.SKELLY
FBO MARIE C.SKELLY
In the matter of th13--_
Account of _
ADJUDICATION AND DECREE
""':.~:",19 81,thi;matter having c~for
hearing,audit anu .."Hnr\and testimony taken;upon due consider .~,the bal-
ance for distribution in the hands OT ._A "tant is deter'IV lJe '!\720 ,105 .81
and the account is accordingly confirmed;anrl :40'v.......,.J:daed and decreed that the said bal-
ance be paid out by the Acco ;,accordance with the schedule Or _.v·.L to attached
and made a .......+ ,unless exceptions hereto,be filed sec.reg.or on appeal taken hereTrom~.
leg:-
SCHEDULE OF DISTRIBUTION
Balance per account ----,-I
,.
Balance --'_--,-I
Attorney .--o---:._
$----
$,----
Amount Forward $245,099.03 ~63494.61 $350,308.34
24 units Equibank Collective
Municipal Fund "c"20,142.70 23329.81
J.Kosar mortgage 46,931.63 82973.0:369,797.47
$312,173.36 $720,105.81
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN THE ~mTTER OF:
THE ESTATE OF:
JOHN S.SKELLY,FOR BENEFIT OF
WILLIAM S.SKELLY AND
JOHN S.SKELLY,JR.
ORPHANS'COURT DIVISION
NO.63-69-118
FIRST AND FINAL ACCOUNT
CODE:
Filed on behalf of
Equibank,(formerly
Pennsylvania National
and William Sherwood
Co-Trustees
Western
Bank)
Skelly
Counsel of Record for this
Party,Alan L.Ackerman,
Esquire
Pa.1.0.No.00365
One Oxford Center
40th Floor
Pittsburgh,PA 15219-6498
(412)392-2044
7/1-7S..s'
------------------------------------------
IN THE COURT OF COMMON PLEAS OF ALLEGHENY COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION NUMBER 63-69-118
FIRST AND FINAL ACCOUNT
EQUIBANK (FORMERLY WESTERN PENNSYLVANIA NATIONAL BANK)
AND WILLIAM SHERWOOD SKELLY-CO-TRUSTEES UNDER WILL OF
JOHN S.SKELLY FOR THE BENEFIT OF WILLIAM S.SKELLY
AND JOHN S.SKELLY,JR.TRUST "B"
Account Number 32-6050-00-2 April 29,1985
SUMMARY
SCHEDULE A
PRINCIPAL -PERSONALTY
Receipts Pages 1-22 $527,474.52 /
Amount transferred
from Income ,/Personalty 3,916.49 $531,391 01 (.,/
Disbursements Pages 22-27 127,545 15 /'
Balance $403,845.86
SCHEDULE B
INCOME -PERSONALTY
Receipts Pages 28-36 484,844 51 /
Disbursements Pages 36-37 480,928.01
Amount transferred
IfromIncomer/Personalty 3,916.49 484,844 50 I
Balance 01 t/
Net Balance $403,845 87
I i
consists of the following:I
ITheBalanceIIIICash5774
1$1,500.00 Chase Manhattan Money Market 1,500 00 I$25,000.00 United States Treasury Note I
11.50%due 10/15/90 24,781 25
$10,000.00 Hercules Incorporated 6.50%
due 06/30/99 9,750 00 /Amount Forward $36,088 99
I I
IIII
i
I
I 1
11\'J
Estate of JOHN S.SKELLY
L :>
Amount Forward
$20,000.00 Owens Corning Glass
Works 8.250%due 12/01/2007
$20,000.00 Eastman Kodak 8.25%due
12/15/2009
$20,000.00 Eaton Coporation 8.50%
due 12/15/2008
$10,000.00 Avnet Incorporated 8%
due 10/01/2013
900 shares Exxon Corportion
1,200 shares Flordia Power and Light
Group Incorporated
470 shares General Electric
Company
400 shares International Business
Machines
500 shares Masco Corporation
800 shares Pittsburgh Plate
Glass Industries Incorporation
400 shares Rohm Haas Company
900 shares Texaco Incorporated
550 shares Whirlpool Corporated
350 shares Allied Corporation
SRC
700 shares Cigna Corporation
850 shares United Technologies
500 shares Weyerhaeuser Company
49 shares Collective Municpal Fund C
$36,088 .99
,
20,043 .33
18,725 .00
20,850 .00
9,662.50
20,281.50
16,727.00
.12,639 .48
31,861.00
16,615 001·
9,680jOO
11,574 J
100 1 I
26,156 631
27,879
j
150
11
,I
18,798 5011 I
17,640 00 I
20 ,14 6 I 25 i .I!
24 ,120 00 i I 11/
44.357 1911$403,845.871;
1'1 r,
.,
Estate of JOHN S.SKELLY
SCHEDULE A
PRINCIPAL -PERSONALTY
RECEIPTS
Marie C.Skelly,William Sherwood
Skelly and Western Pennsylvania
National Bank (now Equibank),Co-
Executors of the Estate of John
Scott Skelly,deceased
Amount awarded per Decree No.63-69-118
dated December 20,1971 -
Cash
Advance Distribution
$15,000 Ambridge Borough Sanitary
Disposal Revenue Bonds due 08/01/95
$15,000 Baldwin Whitehall School
Authority due 03/01/95
$15,000 Municipal Authority of
Brownsville Sewer Revenue Bonds
due 12/01/08
$10,000 Charleroi Borough Water Revenue
Bonds due 05/01/88
$10,000 Charleroi Area School Authority
Bonds due 07/01/94
$15,000 Charleroi Area Achoo1 Authority
Revenue Bond due 01/01/75
$10,000 Clarion Joint School Building
Authority Revenue Bond due 01/01/81
$5,000 Clarion Joint School Building
Authority Revenue Bond due 01/01/82
$10,000 Eastern Crawford County Joint
School Authority Bonds due 10/01/85
$20,000 Greenville Union School Authority
Bonds due 01/01/82
$10,000 Moon Schools Union School District
Authority Bonds due 11/01/86
692 shares American Telephone and
Telegraph
106 shares Chase Manhattan Bank
Amount Forward
-1-
$5,430.01
18,600.00
8,100.00
7,500 00
I
10,500
1
001
5,000 0011
5,400 0011
11,250 OOj
6,6001001i
I 'I
3,200jool
5,600Joo'
12,000Jool
5,100 001
I
33,691 751
5,207 25 /
$143,179~01
Estate of JOHN S.SKELLY
Amount Forward
419 shares Consolidated Edison
633 shares C.P.Financial Corporation
132 shares International Paper
Company
2,11E shares Marathon Oil
1,111 shares Mobil oil Corporation
181 shares Pittsburgh National Bank
Corporation
2,682 shares Texaco,Incorporated
1,312 shares Western Pennsylvania
National Bank Corporation
128 shares F.W.Woolworth
$143,179.bl
11,208.~5 I
11,473.11-3
4,7l0.~5
67,844.25
47,217.50
11,312.50
77,945.63
31,652.00
4,664.bo $411,207.2
1969
Apr.18
Sept.09
1974
Nov.21
1984
July 12
I
I I8,033.140 Ii
I II
18,164.S811
1,576.41 i
Ii
I IiII
I I2S(i
462.\50 II-I
I !
I
1969
Aug.
Aug.
Nov.
11
14
05
Add to Principal
Marie C.Skelly,William Sherwood
Skelly and Western Pennsylvania National
Bank (now Equibank),Co-Executors of the
Estate of John Scott Skelly,deceased
Final Distribution
Guardian Life Insurance Company,one-half
(~)proceeds policy No.334-741
50 Atlantic Richfield Company
warrants
P.N.B.Mortgage and Realty
Investors S.B.I.capital
gains dividends
Masco Industries Incorporated,25 shares
received as stock distribution
Assets Purchased
$15,000 City of Philadelphia Bonds
6.50%due 07/01/91 $15,000.00
$10,000 Cities Service Company
debentures 6.625%due
08/01/99 10,000.00
450 shares Philadelphia Electric
at 25.375 11,561.35
Amount Forward
..-2-
$
iiI
I,
IIv'
I
II
II
II
!I
II
I IiI--~r'/
$439,469.11
Estate of JOHN S.SKELLY
Amount Forward $439,469./11
1971
June 28
June 28
June 28
June 28
$25,000 East Allegheny School
Authority Revenue Bonds
4.35%due 10/01/92 19,500.00
$25,000 South Blair County Joint
School Authority Bonds
5.375%due 10/01/93 21,750.00
$15,000 Ford City Union School
Authority Revenue Bonds
4.15%due 07/01/01 10,800.00
$40,000 Greater Johnstown
School Building Authority
Revenue Bonds 4.90%due
11/01/88 34,800.00
10,032 units Equibank Collective
Income Fund "A"at 7.5976 76,219.12
$15,000 East Pennsboro Township
Sewer Authority Revenue Bond
3.85%due 03/01/03 9,750.00
$30,000 Philadelphia City
General Obligation Bonds
3.50%due 01/01/93 16,800.00
June 28
June 28
1972
Feb.03
1974
Aug.14
1975
May 09
1977
Jan.18
600 shares P.N.B.
Mortgage and Realty Investors
S.B.I.at 26.25
18 units Equibank Collective
Municipal Fund "C"
at 1,000
51 units Equibank Collective
Municipal Fund "C"
at 999.4873
Amount Forward
18,000.00
50,973.85
II
IIIiII
II
ii
Ii
II
I,
!I
I I II
-+il/
$439,469.111
Ii
-3-
Estate of JOHN S.SKELLY
I Amount Forward $439,469.1'-1I
1978
Apr.11 500 shares Exxon at 44 3/4 22,535.00
Apr.11 740 shares Federal National
Mortgage at l4~10,663.40
Apr.11 335 shares General Motors
at 60 5/8 20,450.07
Apr.11 222 shares Merck at 49 10,977.90
Apr.11 740 shares Pepsico at 26 1/8 19,487.90
Apr.11 370 shares Sears Master Note
at 22 3/8 8,371.25
Apr.11 370 shares United States Steel
Iat253/8 9,488.65
I I
I
June 19 23,000 Middletown Township
I IIPennsylvaniaSchoolAuthority
6%due 03/01/93 23,000.00 II IIII
Aug.15 25,000 Pittsburgh Pennsylvania
II IUrbanRevenueDevelopmentiII
Authority 6~%due 08/01/81 25,000.00 I'I Ii
III:
I II I,Oct.30 30,000 Twin Borough Sanitary Ii I
IAuthoritySewerRevenueIII3.95%due 0~/01/98 23,400.00
I
II
Dec.14 300 shares Federal National IMortgageAssociationat I161/8 4,900.50 I'
II
Dec.29 400 shares Ingersoll Rand at I!45 5/8 18,322.00
II IDec.29 400 shares Minnesota Mining and I I
Manufacturing Incorporated !I
at 61 24,564.00 I !I
11 IIAmountForward$439,469.
Ii,I
I I
I I
I -4-
I
Estate of JOHN S.SKELLY
Amount Forward $439,469.~l
Dec.29 800 shares Pittsburgh Plate Glass
Industries Incorporated
at 24 19,360.00
Dec.29 500 shares International
Harvester at 33 3/8 16,822.50
1979
Apr.03 100 shares American Telephone
and Telegraph at 61 3/8 6,193.50
Apr.04 200 shares International
Harvester Company at
40 1/8 8,113.00
Apr.04 100 shares Ingersoll Rand
Company at 52~5,306.00
Apr.04 100 shares United States
ISteelat252,533.00
Apr.10 100 shares Internatioanl
Business Machines at
318 31,861.00-
Apr.11 100 shares Ingersoll Rand
Iat513/8 5,193.50
Apr.12 150 shares Philadelphia
Electric at 16 3/8 2,490.75 ,
Apr.12 300 shares Aetna Life and
Casualty Company at 44 7/8 13,593.00
Apr.12 100 shares Sears Roebuckat203/4 -2,106.50
Apr.19 35 shares Federal National
Mortgage Association at
16~578.20 .
-
Dec.19 370 shares Owens Corning
I
Fiberglass at 26 3/8 9,847.55
Amount Forward $439,469.1 I
I -5-
Estate of JOHN S.SKELLY
---------------_._-_._-----------~--~----
Amount Forward $439,469 •....1
1980
Aug.06 400 shares Union Carbide
at 44 5/8 17,990.00
Aug.06 250 shares Alcoa at 68~17,250.00
Sept.17 235 shares General Electric
at 53.375 12,639.48
Sept.17 430 shares Sears Master Note
at 17 3/4 7,718.50
Sept.17 8 shares American Telephone IandTelegraphat54~440.40
IOct.24 200 shares Georgia Pacific
at 28~5,754.00
IOct.29 400 shares Florida Power I
and Light at 26 5/8 10,738.00 I!
IIDec.12 500 shares United States I·
Life preferred at II
II22.875 11,537.50
II
Dec.12 100 shares Georgia Pacific \1at25.25 2,557.00 II
1981 IiJan.22 300 shares United Technologies
IIat26.625 8,062.50
Jan.22 50 shares United Technologies Iat26.625 8,062.50 I'1
Apr.03 135 shares Koppers preferred II
IIat10113,706.55 II
IJuly10500sharesWeyerhaeuser I IIpreferredat4824,120.00 kilAmountForward$439,469.111 :1
!I
I,iII
-6-
Estate of JOHN S.SKELLY
Amount Forward $439,469.11
Aug.27
Aug.27
Nov.10
1982
Apr.22
Apr.26
Apr.27
May 04
Oct.04
Oct.06
1983
Jan.28
Jan.28
May 26
June 01
50 shares Allied Corporation
Service preferred at 53.25 2,685.50
300 shares Allied Corporation
Service preferred at 53.25 16,113.00
200 shares Florida Power and
Light at 29.625 5,989.00
200 shares Sch1umberger Limited
at 45.75 9,206.00
200 shares Merck and Company
at 75.25 15,146.88
500 shares United ,Technologies,
preferred at 2.55 10,740.00
300 shares Rohm and Haas at
57.50 17,361.00
400 shares Gannet at 44.75 18,036.00
700 shares Cigna preferred
at 25 17,640.00
4,000 Barnett Bank of Florida
convertible bond 12.25%due
12/15/2006 4,812.00
11,000 Barnett Bank of Florida
convertible bond 12.25%due
12/15/2006 13,233.00
15,000 Deere 9%Bond due
03/15/08 17,137.50
550 shares Whirlpool
at 50.50 27,879:50
Amount Forward
-7-
Estate of JOHN S.SKELLY
Amount Forward $439,469.~1
Oct.14 500 shares Masco Corporation
at 33.00 16,615.00
Oct.14 400 shares Hercules Inc.
at 35.625 14,310.00
Dec.14 25,000 United States Treasury
Notes 11.50%due 10/15/90 24,781.25
1984
Jan.11 33 units Equibank Collective
Municipal Fund 'c'at
896.55389 29,586.27
Mar.27 10,000 Owens Corning Glass at
8.250%due 12/01/2007 9,350.00
Mar.27 10,000 Eaton Corporation at
8.50%due 12/15/2008 9,500.00
Mar.28 10,000 Avnet Incorporated I I
at 8%due 10/01/2013 9,662.50 II I
'I I
I'I
Mar.28 10,000 Avnet Incorported I'
at 8%due 10/01/2013 9,662.50 'I
I I I,IMar.28 10,000 Hercules Incorporated
I 11
i IIat6.50%9,750.00 II III
I
I "June 07 10,000 Eastman Kodak at 8.250%i I
due 12/15/2007 8,900.00 I I I1985!
I
I
Jan.16 16 units Equibank Collective
Municipal Fund 'c'at
I923.18297 14,770.92
I
I
Feb.08 10,000 Eastman Kodak 9,825.00 I
Feb.11 2,000 Owens Corning Glass 2,109.17 I
IFeb.26 8,000 Owens Corning Glass 8,584.16 I
I IIFeb.27 10,000 Eaton Corporation 11,350.00 $439.469.1111AmountForward
I
I -8-
I
Estate of JOHN S.SKELLY"
Amount Forward $439,469.[1
Schedule of Short Term Investments
1969
Apr.25 $18,000.00 United States Treasury
Bills due 10/23/69 at 96.8958 17,441.26"
Redemption 08/08/69 17.441 26 O.PO
Sept.23 $1,000.00 United States Treasury r
Bills due 11/20/69 at 98.8527"988.53
Redemption 11/20/69 ·988.53 O.bo
Nov.26 $1,000.00 United States Treasury
Bills due 01/08/70 at 99.1475 .991.48Redemption01/08/70 991.48 O.001970
Jan.13 $1,000.00 United States Treasury
Bills due 11/30/70 at 93.2201 932.20
Redemption 10/27/70 • r 932 •20 O.00
Oct.27 $1,000.00 United States Treasury
Bills due 08/31/71 at 94.6955 946.96
Redemption 06/21/71 946.96 O.bo1972""
Feb.08 $2,000.00 eMI Master Note 2,000.00
Redemption 04/13/72 2.000.00 o.bo1973
I
Dec.21 $18,000.00 Signal Master Note 18,000.00Redemption07/29/74 18,000.00 O.)0
1974
July 30 $18,000.00 Sears Master Note 18,000.00
Redemption 08/16/74 18.000.00 O.bo
1975
Apr.24 $76,000.00 Sears Master Note 76,000.00
Redemption 05/13/75 76,000.00 O.bo
1976
Dec.03 $52,000~00 Sears Master No1;e 52,000.00
Redemption 12/28/76 52,000.00 O.bo
Amount Forward $439,469.1
I. I
I -9-
Estate of JOHN S.SKELLY
Amount Forward $439,469.~1
I
Dec.29 $52,000.00 Trust for Short Term
United States Government Securities
Master Note 52,000.00
Redemption 01/24/77 $51,000.00 I
Redemption 08/23/77 1,000.00 52,000.00 O.~O
1978
May 08 $73,000.00 Sears Master Note 73,000 00
Redemption 06/22/78 23,000.00
Redemption 08/15/78 26,000.00
Redemption 10/27/78 24,000.00 73.000 00 o.00
Sept.12 $1,000.00 Trust for Short
Term United States Government
Securities Master Note 1,000 00
Redemption 04/19/79 1.000 00
1
O.00
Dec.19 $82,000.00 Associates I I
Master Note 82 ,00 0 j 0011
IRedemption12/29/78 82,000 10011 O.00
1979
2,000 0011
i
Jan.02 $2,000.00 Associates Master Note I
Redemption 04/16/79 2.000 00 O.00
I,i ,i
$1,000.00 Associates J I
iJan.08 Master Note 1,000 00:
00 I,Redemption 04/16/79 1,000 001!O.
!Ii 'II ,I,Mar.23 $36,000.00 Federated Master
36 ,aaajaail IITrustNote
Redemption 04/03/79 I7,000.00 I
Redemption 04/04/79 16,000.00
36,000]00
1
I
Redemption 04/10/79 7,000.00 I
Redemption 04/11/79 6,000.00 0°
1
00 II
12 $2,000.00 Sears Master I
I IIApr.Note 2,000 OOiRedemption04/16/79 1,000.00
00 IIRedemption04/19/79 1,000.00 2.000001 O.
May 07 $1,000.00 Sears Master Note 1,000~00 11
00 ilRedemption12/27/79 1.000~00 o.[I
May 16 $1,000.00 Federated Master II,[
Trust Note 1,000 00 I',I
Redemption 12/27/79 1,000 001 o.00
Amount Forward ~$439,469.11
I -10-I \
·,I
I \
Estate of JOHN S.SKELLY
Amount Forward $439,469.~1
1980 I
Jan.02 $1,000.00 Federated Master
Trust Note 1,000 00
0.100Redemption08/06/80 LOOO 00
Jan.02 $1,000.00 Sears Master Note 1,000 00
Redemption 08/06/80 1,000 00 0'100
I
July 16 $34,000.00 Trust for Short Term
United States Government
Securities Master Note 3,400 00
Redemption 07/31/80 1,000.00
00 1Redemption08/06/80 33,000.00 34.000 O.00
Sept.17 $4,000.00 General Electric
Credit Corporation 4,000 00
Redemption 10/21/80 4.000j~O.00
Oct.21 $4,000.00 Sears Master Note 4'000rOI!IRedemption10/29/80 1,000.00
4,000 0011 00 !IRedemption12/12/80 3,000.00 o.
Ii I'II
Oct.24 $1,000,00 Sears Master Note 1,000 OO!I i
Redemption 12/12/80 1,000 00 0'1 00 I1981I,iAug.28 $200.00 Federated Master 'II,
Trust Note 200 001!I,
Redemption 11/10/81 100.00 II "
0,00 IIRedemption12/30/81 100.00 200 001
1!
Aug.28 $2,000.00 Associates Master Note 2,000 00 I
Redemption 12/24/81 2,000 00 0 00
Dec.24 $2,000.00 Trust for Short
IITermUnitedStates
IIGovernmentSecurities
001MasterNote2,000
Redemption 04/26/82 600.00
00 IIRedemption05/04/82 1,400.00 2,000n 0
1982 .Ii
Feb.01 $700.00 Trust for Short I II
Term United States
IGovernmentSecurities
Master Note $700 00 ,i
Redemption 05/04/82 700 .00 0 00 'IAmountForward$439,469 11
I -Il-I- ---
Estate of JOHN S.SKELLY
Amount Forward $439,469.11
Feb.01 $3,000 Sears Master Note 3,000.00
Redemption 04/26/82 3,000.00 O.pO
Apr.22 $900 Trust for Short Term
United States Government
Securities Master Note 900.00Redemption05/04/82 900.00 O.00
Apr.22 $6,000.00 Sears Master Note 6,000.00Redemption04/26/82 6,000.00 O.pO
Apr.30 $18,600.00 Federated Master
Trust Note 18,600.00
Redemption 05/04/82 14,300.00Redemption10/06/82 4,300.00 18,600.00 O.pO
May 07 $2,000.00 Sears Master Note 2,000.00
Redemption 10/06/82 1,000.00
Redemption 12/03.82 1,000.00 2,000.00 o.PO
IMay07$500.00 Federated Master
Trust Note 500.00 I
Redemption 10/06/82 500.00 O.00
Sept.24 $1,300.00 Federated Master
I
Trust Note 1,300.00Redemption10/06/82 900.00
Redemption 12/29/82 400.00 1,300.00 O.PO
Oct.22 $1,300.00 Federated Master
Trust Note 1,300.00Redemption12/29/82 1,300.00 O.pO
Oct •.29 $100.00 Federated Master
Trust Note 100.00Redemption12/29/82 100.00 O.~O
Oct.29 $2,000 General Electric
Credit Corporation 2,000.pORedemption12/06/82 2,000.Po O.PO
Nov.30 $600.00 Trust for Short Term
United States Government
Securities Master Note 600.00 IRedemption01/28/83 600.00 O.~OAmountForward$439,469.1
I -12-
,,
Estate of JOHN S.SKELLY
Amount Forward $439,469.11
Dec.03 $1,000.00 Trust for Short Term
United States Government
Securities Master Note 1,000 00
Redemption 01/28/83 1.000 00 O.00
Dec.06 $2000.00 Trust for Short Term
United States Government
Securities Master Note 2,000 00
Redemption 01/28/83 2.000 00 O.00
Dec.29 $1,800.00 Trust for Short Term
United States Government
Securities Master Note 1,800 00
Redemption 01/28/83 1,600.00
Redemption 06/01/83 200.00 1,800 00 '0.00
1983
Jan.28 $600.00 Trust for Short Term
United States Government
Securities Master Note 600 00Redemption06/01/83 600 00 O.00
Jan.28 $8,000 Sears Master Note 8,000 00
Redemption 02/01/83 8.000 00 O.00
May 25 $700 Federated Master 700 00
ITrustNote70000
Redemption 06/01/83 100.00
Redemption 12/19/83 600.00 700 00 O.00
May 25 $18,000.00 Sears Master Note 18,000.00Redemption06/01/83 18,000.00 O.00
May 26 $100.00 Federated Master
Trust Note 100.00Redemption12/19/83 100.00 O.00
May 26 $11,000 Sears Master Note 11,000.00Redemption06/01/83 9,000.00
Redemption 10/14/83 2.,000.00 11,000.00 O.bo
Sept.27 $700 Federated MasterTrustNote 700 .00Redemption12/19/83 700 .00 o.bo IAmountForward$439,469'.tu
I -13-
------
Estate of JOHN S.SKELLY
Amount Forward $439,469.1
Sept.27 $3,200.00 Sears Master Note 32,000~00
Redemption 10/14/83 29,000.00
Redemption 12/14/83 1,000.00
Redemption 12/19/83 2,000.00 32,000.00·o.DO
Dec.15 $2,000.00 Trust for Short
Term United States Government
Securities Master Note "2,000.pO
Redemption 02/03/84 2,000.PO o.0
Dec.19 $3,400 Trust for Short
Term United States Government
Securities Master Note 3,400.pORedemption02/03/84 3,400.00 o.01984
Jan.12 $700.00 Federated Master'
Trust Note 700.pORedemption02/03/84 700.pO o.DO
Jan.12 $1,000 Sears Master Note 1,000.pO IRedemption02/03/84 •1,000.DO O.0 I
Dec.13 $54,900 Trust for Short
Term United States Government
Securities Master Note 54,900.~O
I
Redemption 01/16/85 14,700.00Redemption01/21/85 10,100.00
Redemption 01/22/85 30,100.00 54,900.pO O.(0
Dec.17 $2,000.00 Trust for Short
Term United States Go~~rnment
Securities Master Note 2,000.110Redemption01/22/85 2,000.IJO O.(0
Dec.31 $600.00 Trust for Short.
Term United States Government
Securities Master Note 600.pO
Redemption 01/22/85 600.pO O.(01985
Jan.02 $400.00 Trust for Short
Term United States Government
Securities Master Note 400.0
IRedemption01/22/85 400.0 o.(0
Amount Forward 1:i439,469.]1 I
,,
I -14-
Estate of JOHN S.SKELLY
Amount Forward $439,469 ....1
Jan.03
Jan.10
Jan.15
$300.00 Trust for Short Term
United States Government
Securities Master Note
Redemption 01/22/85
$500.00 Trust for Short Term
United States Government
Securities Master Note
Redemption 01/22/85
$500.00 Trust for Short Term
United States Government
Securities Master Note
Redemption 01/22/85
300.00
300.00
500.00
500 00
500 00
500 00
0.00
0.00
0.00
161,200.00
1,000.00
1,600.00
June 15,1983
to
Apr.24,985
$163,800.00 Chase Manhattan
Money Market
Redemption 06/15/83
to 04/24/85
Redemption 04/29/85
Unredeemed Balance
Stock Dividends and Stock Splits
Pittsburgh National Bank
received as stock split
06/17/71
2 for 1 on 181 shares held
Equimark
received as stock split
07/11/72
3 for 2 on 1312
shares held
International Business Machines
Received as stock dividend
08/02/79
3%on 100
shares held
Amount Forward
-15-
I
I I
163,800 t0011
l II
163,800 00
I,I !!
iII
I
II
I
I
!
181 sharE s
I
I III
I
656 shar s I
I I
I
300 shar s I
0.00
!
o 00
Io00II
"!
I !
_OlQQII
$439,469111,1
Estate of JOHN S.SKELLY
Amount Forward $439,469.~l
Alcoa
Received as stock split
02/20/81
2 for 1 on 250 shares held 250 share~O.PO
Exxon Corporation
Received as stock split
02/20/81 \
2 for 1 on 500 shares held 500 share~O.PO
General Electric Company IReceivedasstocksplit
06/02/83
0.1002for1on235sharesheld235share~
I
Rohm Haas Company IReceivedasstocksplitI06/06/83 I
I2for1on300sharesheld300sharesO.00
I
Florida Power and Light II
Received as stock dividend
600 SharJ01/30/85
1%on 600 shares held S j 0.,00 !
;IPittsburghPlateGlassInc.HI'Received as stock split Ii I il09/12/83 I
I2for1on400sharesheld400share~!0.100 II
Gannett Company Inc.IReceivedasstocksplitI01/05/84 I I
5%on 400 shares held 200 shares I a.100 III
Other Changes in Investments I II1976
July 1 Receive 633 shares Central Penn IINationalCorporation$11,473i13 I :1INEXCHANGEFORI!II633sharesC.P.Financial Corporation 11,473 13 0.00 I[
Amount Forward
I
$439 , 469 •11 Ii..'I
I
I
I -16-
I,
II
IIIIIIilirl
'I
I
Ii
$439,469.1
82
18
15
85
I~I
50 ~439,801.34
----I---~
-.
,.
,
Estate of JOHN S.SKELLY
.
Amount Forward
Gain on Sale of Stock Rights
1970 -------
Oct.29 Sale 450 Philadelphia Electric
Corporation rights $18.
1971
Apr.2 Sale 34 Consolidated Edison
Company of New York rights 46.
July 22 Sale 692 American Telephone
and Telegraph rights 162.
Oct.22 Sale 450 Philadelphia Electric
Corporation rights 18.
.1972
35.1
Oct.6 Sale 450 Philadelphia Electric
Corporation rights
I1973
Oct.16 Sale 450 Philadelphia Electric
Corporation rights 32
1975
Oct.14 Sale 450 Philadelphia Electric I·
Corporation rights 18
Gain on Conversion of Assets----
1971 IJune28Sale$15,000.00
Ambridge Boro Sanitary
Disposal Reyenue Bonds
due 08/01/95 $9,975.00
Carry Value 8,100.00 1,875
June 28 Sale $15,000.00
Baldwin Whitehall School
Authority due 03/01/95 $9,637.50
Carrying Value 7,500.00 2.137
Amount Forward G012
I
I -17-
I
Estate of
JOHN S.SKELLY
Ljol~tr/)/
Amount Forward r $4,f()2'~50 ~439 ,801.'4........
June 28 Sale $15,000.00
Municipal Authority of
Brownsville Sewer Revenue
Bonds due 12/01/08 $12,862.50 •Carrying Value 10,500.00 2,362./50 /'
June 28 Sale $10,000.00
Charleroi Boro Water Revenue
Bonds due 05/01/88 $6,375.00 .,,/Carrying Value 5,000.00 1,375.bo
June 28 Sale $10,000
Charleroi Area School
Authority Bond
1,075.001/
due 07/01/94 $6,475.00
Carrying Value .5,400.00
I IIJune28Sale$10,000
Clarion Joint School Building ,
Authority Revenue Bonds
i I,
Idue01/01/81 $8,150.00 /Carrying Value 6,600.00 1,550.00 ,
I
June 28 Sale $5,000 IClarionJointSchoolBuildingI
Authority Revenue Bond I·I li,l I
IIdue01/01/82 $4,012.50 tCarryingValue3,200.00 812.150 Ii I II
June 28 Sale $10,000.00 I I
I I
Eastern Crawford County II .
Joint School Authority
Bonds due 10/01/85 $7,375.00 /'Carrying Value 5,600.00 1,775.00
I I
June 28 Sale $10,000 III
Moon Schools Union School IDistrictAuthorityBonds II
due 11/01/86 $7,000.00 /I:
1,900.100
.1
Carrying Value 5,100.00 III
:1
June 29 Sale $15,000.00 IICharleroiAreaSchool
I!Authority Revenue Bond
due 01/01/75 $13,500.00 I 1/:1
Carrying Value 11,250.00 2,250.100
Amount Forward $17,112.50 $439,80l.~4
"'r I"...~
I -18-v........I
,I
Ii
--_._-
Estate of JOHN S.SKELLY
Amount Forward $17,112.50 $439,801.~4
July 1
1972
Apr.11
Sale $20,000.00
Greenville Union School
Authority Bonds
due 01/01/82
Carrying Value
Sale 382 shares
Texaco,Inc.282 @31.125
100 @ 31.25
Carrying Value
$14,600.00
12,000.00
$11,743.83
11,100.92
2,600.00 v--
642.91 v
Apr.11
1973
Dec.
Dec.
1975
Apr.
1978
Apr.
Apr.
Apr.
21
21
18
11
11
11
Sale 128 shares
F.W.Woolworth 100 @42.25
28 @42.125 $
Carrying Value
Sale 116 shares
Marathon Oil @46~25 $
Carrying Value
Sale III shares
Mobil Oil Corporation
@ 44.375 $
Carrying Value
Sale 1,000 shares
Marathon Oil at 32.083 $
Carrying Value
Sale 100 shares
International Paper Company
@36 1/2 $
Carrying Value
Sale 1,000 shares
Marathon Oil Company
@40 1/8 $
Carrying Value
Sale 363 shares
Pittsburgh National Corp.
@35 1/2 $
Carrying Value
Amount Forward
5,334.83
4,664.00
5,297.99
3,719.25
4,852.89
4,717.50
32,083.57
32,062.50
3,600.63
3,568.75
39,811.16
32,062.50
12,851.00
11,312.50
670.83 /'
1,578 .1 74 11 v-
II I
I'IiII
135.39 11 ./'I
Ii II
21.071
1
[/',I Ii
I 1 IIii,'I!I
31.1 88 1,/i
II I II
:II
7,7480661/II
I !I
1 /LII1,538.150 Ii~,$439,801.~4 il
t/
-19-
lJ'
~
Estate of JOHN S.SKELLY
((.,""
J
Amount Forward
,-
$32,080.48 $439,801.~4
1978
Apr.11 Sale 32 shares
International Paper Company
@36 1/2 $
Carrying Value
1,152.20
1,142.00 10.20 V
Apr.12 Sale 500 shares
Mobil Oil Corporation
@60 7/8
Carrying Value
$30,246.48
21,250.00 8,996.48 V
818.15 2 ",....-
I
Ii I
11/
39o.001i'
'I
i
I!/
1,800 '100 II
I !l,v
3,713.56\
I
i
64°161 .,/
II
II
!i
il
II
525.90 /II1l7------+--
~
$48,399.75 $439,801.~4
2,779.40
2,253.50
2,970.90
2,906.29
25,200.00
23,400.00
14,691.46
10,977.90
17,190.00
16,800.00
69,792.37
68,973.85
Amount Forward
Sale 69 Units
Equibank Collective Municipal
Fund nCR @1011.48 $
Carrying Value
Sale 30,000
Philadelphia City General
Obligation Bonds
due 01/01/93 $
Carrying Value
Sale 30,000
Twin Boro Sanitary Authority
Sewer Revenue
due 04/01/98 $
Carrying Value
Sale 222 shares
Merck and Company
@66 3/4 $
Carrying Value
Sale 100 shares
Exxon Corp.
@28.125 $
Carrying Value
Sale 100 shares
Texaco Inc.
@30.00 $
Carrying Value
22
14
22
22
10
12
Apr.
Apr.
Apr.
Apr.
1979
Mar.
1982
Apr.
-20-
Estate of JOHN S.SKELLY
,1/
Amount Forward $48,399.75 $439,801.[34 I
1982
Apr.26 Sale 500 shares
U.S.Life @24.375 $12,087.10
Carrying Value 11,537.50 549.60 V
Apr.26 Sale 100 shares
American Telephone
and Telegraph @55.375 $5,484.84 ~Carrying Value 4,876.02 608.82
Apr.29 Sale 400 shares
Union Carbide Corp.
@46.875 $18,625.37 vCarryingValue·17,990.00 635.37
Oct.1 Sale 400 shares IPittsburghPlateGlass
Industries @40.50 $16,047.46 !II I
Carrying Value 9,680.00 6,367.46 11 V-
II1983
Jan.25 Sale 200 shares II I
American Telephone and
II ITelegraph@67.75 $13,453.54
IICarryingValue9,752.04 ,3,701.50:/i ,I!
II
,May 24 Sale 450 shares IIAetnaLifeandCasualtyL/It
ICompanyat41.875 $18,721.62 I I
Carry Value 13,593.00 I I,5,128'162 !I
Sept.26 Sale 200 shares Merck
IIandCompanyIncorporated
IIat93.125 $18,522.38 IvCarryValue15,146.88 3,375.50 I·
II
I
Sept.26 Sale 200 shares Rohm Haas I~Company at 71.50 $14,209.53
ICarryValue5,787.00 B,422.~IAmountForward$~439,801.84 L77,189.15....
IIII
III:II
I
'I
I -21-
I
---
Estate of JOHN S.SKELLY
Amount Forward ~$77,189 15 $439,801.34
Dec.14
1984
Mar.12
Sale 400 shares American
Telephone and Telegraph
at 64.375
Carry Value
Sale 600 shares Gannett
Company Incorporated
at 35.75
Carry Value
$25,637.14
19,504.09
$21,335.29
18,036.00
6,133.05 V
3,299.29 e.-/
Register of Wills,cost of filing
this account .
Equibank,trustee's compensation
taken OS/28/70
Amount Forward
Sale 25 shares Masco Industries
Incorporated at 22.75 $
Carry Value
I!
18,795.58 1
Mar.19
Oct.16
Dec.11
1985
Apr.29
Sale 200 shares Schlumberger
Limited at 47.50 $
Carry Value
Sale 15,000 Garnett Banks of
Florida due 12/15/2006 $
Carry Value
Total Receipts
Amount transferred from
Income Personalty
DISBURSEMENTS
Administration Expenses
Commonwealth of Pennsylvania
state fiduciary income tax
paid 04/17/72 to 02/29/84
Internal Revenue Service,1971
through 1973 fiduciary income
tax paid 04/19/72 to 05/15/74
9,427.69
9,206.00
568.75
462.50
18,768.75
18,045.00
221.69 v
106.125 ./
i I!"~~87.673.8 [i./
I I II $S2::::;:;;~~
I li$531,391.~II (/
I II I 'I
I I I III!I
I
II
II
I
II
.II
1,063.'PO II
278.81 20,734.l~~
$20,734.j 6 II
Ii
II
-22-
Estate of JOHN S.SKELLY
Amoqnt Forward $20,734.~6
Loss on Conversion of Assets i-----
1969
Sept.22 Sale 50 Atlantic Richfield .
Company warrants 1,507.88 I,./'Carry Value 1,576.41 68.53
1971
June 28 Sale $15,000.00 City of
Philadelphia Bonds
6.50%due 07/01/91 13,125.00 ~Carry Value 15,000.00 1,875 00
1973
IDec.21 Sale 300 shares Texaco,
Incorporated at 26.75 7,908.43
Carry Value 8,718.88 810 45 e----
1975
Apr.17 Sale 500 shares Mobil Oil
l'794J361 ,/Corporation at 39.375 19,455.64
Carry Value 21,250.00
I I I
Apr.17 Sale 1,000 shares Texaco,I II I,
Incorporated 24,088.81 I
4,974 101 V'
I
Carry Value 29,062.91
1976
Dec.01 Sale $10,000.00 City Service I
Company,debentures 6.625%
I,687 fSOli
i
11due08/01/99 8,312.50 /'I,Carry Value 10,000.00 IIII
Dec.01 Sale $15,000.00 East Pennsboro ,III
Township Sewer Authority
I
"
Revenue Bonds 3.85%due I03/01/03 9,568.50
I /Carry Value 9,750.00 181 50 I
I I
Dec.01 Sale $15,000.00 Ford City Union 1
IISchoolAuthorityRevenueBondsi4.15%due 07/01/01 10,203.00 /IICarryValue10,800.00 597 00
I
II
1
I.
Dec.01 Sale $25,000.00 South Blair 'IilCountyJointSchoolAuthority
97lsc
II'Bonds 5.375%due 10/01/93 21,652.50 ./IICarryValue21,750.00
Amount Forward $12,085 ~9A $20,734 36,1
V
I -23-
I I
Estate of JOHN S.SKELLY
Amount Forward $12,085.~4 ~20,734.6
1978
Apr.11
7,437.75
11,473.13
Dec.01 Sale 106 shares Chase Manhattan
Corporation at 26 5/8
Carry Value
Sale 633 shares Central Penn
National Corporation
at 11 3/4
Carry Value
2,781.61
5,207.25 V2,425.[j4
4,035.38 ..........-
Apr.11 Sale 419 shares Con Edison Company
New York at 23 1/8 9,562.30
Carry Value 11,208.25 1,645.95 ~
Dec.14 Sale 600 shares P.N.
and Realty Investors
at 8~
Carry Value
B.Mortgage
SBI
5,006.45
15,957.78 10,951.33
Sale 23,000 Middletown Township
Bucks County School Authority
Bonds 6%due 03/01/93
Carry Value
,III ..
.!1
500'rO 1'/
30o.lo Ilv
I Ii
I !
.t/
575.pO!
I
I I
875.PO II t/I
I :
I
507.~J,.~II
$ 33,901.~-5 $20,734.~6 Ii
I /;r T II
22,425.00
23,000.00
24,700.00
25,000.00
18,625.00
19,500.00
34,300.00
34,800.00
Sale 370 shares Pepsico Incorporated
at 25l..i 9,236.74
Carry Value 9,743.95
Amount Forward
Sale $25,000 East Allegheny
Pennsylvania School Authority
Revenue Bonds 4.35%due
10/01/92
Carry Value
Sale 25,000 Pittsburgh Pennsylvania
Urban Redevelopment Authority
6.50%due 08/01/87
Carry Value
Sale 40,000 Great Johnstown Area
Vocational-Technical School
Authority Bonds 4.90%due
11/01/88
Carry Value
Dec.17
Dec.19
1979
Mar.22
Dec.19
Dec.19
-24-
tl
Estate of JOHN S.SKELLY
Amount Forward $33,901.45 $20,734.~6
Sale 35 shares Federal
National Mortgage Association
at 14 7/8 514.79
Carry Value 578.20
1980
July 14
1980
Sept.17
Sept.17
Sept.17
Sept.17
Oct.24
Oct.29
Dec.12
1981
Jan.22
Apr.02
Sale 5016 units Equibank
Collective Income Fund "An
at 6.8043
Carry Value
Sale 1040 shares Federal
National Mortgage Association
at 15
Carry Value
Sale 350 shares Philadelphia
Electric Company at 13~
Carry Value
Sale 250 shares Philadelphia
Electric Company at 13 5/8
Carry Value
Sale 135 shares General Motors
at 50~
Carry Value
Sale 200 shares General Motors
at 49.50
Carry Value
Sale 370 shares Pespico
Incorporated at 25.125
Carry Value
Sale 370 shares Owens Corning
Fiberglass at 26.00
Carry Value
Sale 700 shares International
Harvester at 20~
Carry Value
Amount Forward
34,130.47
38,109.56
15,426.58
15,563.90
4,656.16
8,197.05
3,357.07
5,855.05
6,725.47
8,241.07
9,811.67
12,208.99
9,207.14
9,743.95
9,530.88
9,847.55
14,034.52
24,935.50
•
3,979.09 ~-
63.41 t/"
137.32 /
I3,540.189
1
~i
j II·!
J I:II
2,497 t!l----I
l'515j601,[.-/II
I i I II
2'397j32l.-/I
,I \1
536 8111 v'I II
III'I,
316
1
671 {/I'
,!
j /'!I
,10,900 98 'II
$59,787 52 $20,734.36 i
-£1/I
-25-I1-.:.:-.------.:_-"--_
Estate of JOHN S.SKELLY
Amount Forward $59,787.52 $20,734.~6
16,464.94
18,196.25
July
July
10
10
Sale 300 shares Georgia Pacific
Corporation at 26.875
Carry Value
Sale 900 shares Sears Roebuck
and Company at 18.50
Carry Value
7,984.23
8,311.00 326.77/"
...----1,731.31
292.70 V
4,306.69 L-/'
979.96
3,216.66
1,204.95
3,216.66
1,542.28
4,310.33
10,360.79
12,021.65
Sale 470 shares United States
Steel Corporation
at 22.375
Carry Value
Sale 200 shares Equimark
Corporation at 6.125
Carry Value
Sale 268 shares Equimark
Corporation at 5.875
Carry Value
Sale 400 shares Minnesota,Mining
Manufacturing at 51.125 20,257.31
Carry Value 24,564.00
Sale 100 shares American Telephone
and Telegraph at 59.50 5,900.80
Carry Value 6,193.50
Sale 200 shares Equimark
Corporation at 5.00
Carry Value
Apr.22
Nov.10
Aug.25
Nov.18
Jan.27
1982
Jan.15
Sept.23
Sale 200 shares Equimark
Corporation at 5.75
Carry Value
Sale 300 shares Equimark
Corporation at 4.25
Carry Value
Amount Forward
1,130.36
3,216.67
1,250.66
4,825.00
I I II
2, 086.31 I v'II
II II
3,574 34 ./I!/
$80,782,96;20,734.'36 II
(II
Ii,I
-26-
Estate of JOHN S.SKELLY
I
36
I
I
I,
II
'i
!
I
III
Iii
I,
"
II
III
I
II
IIII'I
IIi~V
I
Amount Forward $80,782.96 $20,734.
Oct.04 Sale 500 shares Alcoa
at 26.125 12,947.06
Carry Value 17,250.00 4,302.94 ,.,.---
Oct.21 Sale 300 shares Equimark
Corporation at 4.50 1,322.95
Carry Value 4,825.01 3,502.06 V
Oct.28 Sale 400 shares Equimark
Corporation at 5.25 2,059.92
Carry Value 6,433.34 4,373.42 v
Nov.29 Sale 100"shares Paine Webber
Mitchell at 6.50 639.98
Carry Value 1,608.33 968.35 y
1983 IMay25Sale"300 shares Ingersoll Rand
Company at 47.375 14,125.02
28sj73 1',/Carry Value 14,410.75
May 25 Sale 300 shares Ingersoll 'IRandCompanyat47.125 14,050.02 11 /
Carry Value 14,410.75 360 73111984
Jan.11 Sale 5016 units Equibank I,
Collective Income Fund I,I!"A"at 6.2541 31,370.87 II ..,/Carry Value 38,109.56 6,738f9 1i
Mar.19 Sale 400 shares Hercules 'I
Incorporated at 30.25 12,OIl.59 2,298J41'/Carry Value 14,310.00
I IJune"07 Sale 135 shares Koppers
Incorporated at 99.75 13,391.55
ICarryValue13,706.55 315 0011 /
Oct.22 Sale 7,000 Deere and Company IIdue03/15/2008 6,615.00
I l'382jSol/Carry Value 7,997.50
Oct.26 Sale 8,000 Deere and Company /due 03/15/2008 7,640.00
Carry Value 9,140.00 1,500 00 106,810.
Total Disbursements ..,$127,545.
I
-27-
I
Estate of J:OHN S.SKELLY
SCHEDULE B
INCOME -PERSONALTY
RECEIPTS
$
Marie C.Skelly,William
Sherwood Skelly and Equibank
(formerly Western Pennsylvania
National Bank),Co-Executors
of the Estate of John Scott
Skelly,deceased
Amount awarded per Decree No.
63-69-118 dated December
20,1971
Final Distribution
Interest-Government Securities
United States Treasury Bills
$18,000.00 due 10/23/69
received 08/08/69
1,000.00 due 11/20/69
received 11/20/69
1,000.00 due 01/08/70
received 01/08/70
1,000.00 due 11/30/70
received 10/27/70
1,000.00 due 08/31/71
received 06/21/71
Interest~Corporate Bonds
$15,000.00 Ambridge Boro Sanitary Disposal
Revenue Bonds received 02/12/70
to 06/,27/71
$15,000.00 Baldwin Whitehall School
Authority Bond received 03/03/70
to 06/28/71
$15,000.00 Municipal Authority of
Brownsville Sewer Revenue Bonds
received 06/02/70 to 06/28/71
$10,000.00 Charleroi Boro Water
Revenue Bonds received 05/04/70
to 06/28/71
Amount Forward
-28-
v $52,565.96 1
v~--685.05 $53,251.pl
I
I: i
295 '17811
11.471i
8.52 1
Ii62.60 1;
II
__--:..;43::...,:.!31 1
1
1I-
I !
I I
$l'106f3il .
949j38 1 I
I I IIII
l'
367 t I II
513.1.Q11~I[I """'$-3-,-=-9'=":36::....::r
21
$53,672.69 Iiv'
- ----------------------------------
I ..
I .
Estate of JOHN S.SKELLY
Amount Forward $3,936.52 $53,672.p9
$10,000.00 Charleroi Area School ,
Authority Bond received 01/19/70
to 06/28/71 730.75
$15,000.00 Charleroi Area School
Authority Revenue Bond received
01/19/70 to 06/29/71 962.81
$10,000.00 Clarion Joint School
Building Authority Revenue Bond Ireceived01/19/70 to 06/28/71 780.13
$5,000.00 Clarion Joint School
1BuildingAuthorityRevenueBond
received 01/19/70 to 06/28/71 390.06
1$10,000.00 Eastern Crawford County
Joint School Authority Bond
received 04/27/70 to 06/28/71 668.39
$20,000.00 Greenville Union School
Authority Bond received 01/19/70
1,153.181to07/01/71
$10,000.00 Moon Schools Union , I iSchoolDistrict'Authority ,Ii
Bonds received 05/04/70 to 06/28/71 591·100 II I
$15,000.00 City of Philadelphia Bond ,
Ii IIreceived-1/05/70 to 06/28/71 1,675.05 1:
I
$10,000.00 Cities Service Company
Idebenturesreceived02/05/70
to 12/01/76 I·4.S50r l:11$25,000.00 East Allegheny School II I,Authority Revenue Bond received I iI.'I 'I10/08/71 to 03/22/79 8,428.112 II I$25,000.00 South Blair County Joint I ISchoolAuthorityBondreceived ,
I
10/05/71 to 12/22/76 7,312'127
$15,000.00 Ford City Union School
I IAuthorityRevenueBondreceived I I
07/09/71 to 12/01/76 3,387.44 1
$40,000.00 Greater Johnstown School IBuildingAuthorityRevenueBond
received 11/02/71 to 12/19/78 14,683.66 I
$15,000.00 East Pennsboro Township
3,142.1571
ISewerAuthorityRevenueBondreceived!
09/02/71 to 12/01/76 ,
!$30,000.00 Philadelphia City General
11/
Obligation Bonds received 07/13/71 to
03/22/79 8,137.50 /
Amount Forward $60,83!.07 1~53,672.~9
I
-29-
I
Estate of JOHN S.SKELLY
Amount Forward $60,831.07 $53,672.p9
$
$15,000.00 Barnett Bank of Florida
received 06/15/83 to 12/11/84
$15,000.00 Deere received 09/15/83
to 10/26/84
$23,000.00 Middleton Township Bucks
County School Authority received
12/19/78 .
$25,000.00 Pittsburgh Pennsylvania
Urban Redevelopment Authority Received
12/19/78
$30,000.00 Twin Boro Sanitary Authority
received 04/02/79 to 04/10/79
$10,000.00 Avnet Incorporated received
08/31/84 to 01/02/85
$10,000.00 Owens Corning Glass received
06/01/84 to 12/03 84
$10,000.00 Owens Corning Glass accrued
02/11/85 to 02/27/85
$10,000.00 Eastman Kodak received 06/18/84
to 12/17/84
$10,000.00 Eastman Kodak accrued 02/08/85
$10,000.00 Eaton Corporation received
06/15/84 to 12/17/84
$10,000.00 Eaton Corporation accrued
02/27/85
$10,000.00 Hercules Incorporated received
07/02/84 to 12/31/84
$25,000.00 United States Treasury Notes
received 04/16/84 to 04/15/85
Dividends
Allied Corporation Service preferred
350 shares received 11/13/81
to 02/15/85
Cigna preferred
700 shares received 01/10/83
to 04/10/85
Koppers preferred
135 shares received 06/15/81
to 06/15/84
Amount Forward
-30-
3,423.87
1,905.50
394.83
559.73
536.551
606.67
559.16,
(187.1 92 j, I
43o·'183 Ii
(121.46 lldIi
609.1611
(170 •00 i !'I
492.9211 II
I Ii 73 ,712.0 Iii3,841.~1
I'1
I i II
8,354.85 I III
i4,812.50 II
I
-I~-::-:-4~,3:-:8~7:-:.~5:-:0~II-:r~~=-=-:'""""""'C::~~';1'$17,554.85 $127,384.~9v/
II.I"
Estate of JOHN S.SKELLY
Amount Forward $17,554.85 $127,384.~9
United Technology preferred
350 shares received 03/10/81
to 03/10/82 1,115.65
850 shares received 06/10/82
to 03/11/85 6,502.56
United States Life preferred
500 shares received 03/02/81
to 03/01/82
Weyerhaeuser preferred
500 shares received 09/15/81 to
03/15/85
Aetna Life and Casualty Company
300 shares received
08/16/79 202.50
450 shares received 11/15/79
to 05/16/83 3,834.00
Alcoa
250 shares received 11/25/80 to
02/25/81 '425.00
500 shares received OS/26/81
to 08/25/82 1,350.0n
American Telephone and Telegraph
692 shares received 05/03/71
to 04/04/79 19,832.72
792 shares received 07/09/79
to 10/01/80 5,940.00
800 shares received 01/02/81
to 10/01/81 4,240.00
700 shares received 01/04/82
to 04/02/82 1,890.00
600 shares received 07/01/82
to 01/04/83 2,430.00
400 shares received 04/04/83
to 11/01/83 1,800.00
Central Penn National Corporation
633 shares received 04/05/78
Chase Manhattan Bank
106 shares received 02/17/71
to 11/17/76
Consolidated Edison
419 shares received 03/22/71
to 03/21/78
C.P.Financial Corporation
633 shares received 04/02/71 to
06/30/76
Amount Forward
-31-
7,618.21
1,406.24
8,437 50
4,036 50
I,
1,775 OOli /"
I!
II
IiIi
I Ii
I IiII
36,132)721 ,/
['II
170 911 ~
I II1,335 60 I,II
I I II4,860L40 ~
3,658[74 I
$86,986 67 $127,384J791'
",/
•-t
Estate of JOHN S.SKELLY
Amount Forward $86,986.~7 $127,384."9
18,245.00 /'
1,025.46
I
IIII
I
I
I II
II
I
I !
IJ$127 , 384 .17 9 Ii
I
I
3,062.180 I ,/'
I IIII
I
8,496.00 1
/'
j
I
912.00 II'I I
I I
I !
3'
724rl,r/
4,237.75 I
I
II
240·100 ,/
i288.100
$127,218 .I~
Central Penn National Corporation
633 shares received 10/04/76 to
12/27/77
Exxon Corporation
500 shares received 06/15/78
to 06/10/81 7,400.00
1,000 shares received
09/10/81 to 03/10/82 2,250.00
900 shares 06/10/82
to 03/11/85 8,595.00
Federal National Mortgage Association
740 shares received 06/28/78
to 12/27/78 666.00
1,040 shares received
03/26/79 332.80
1,075 shares received
06/25/79 to 09/25/80 2,064.00
Florida Power and Light
400 shares received 12/15/80
to 09/15/81 1.152.00
600 shares received 12/15/81
to 12/17/84 6,780.00
1,200 shares received
03/15/85 564.00
Gannet
400 shares received 01/04/83
to 01/03/84
General Electric
235 shares received 10/27/80
to 04/25/83 2,079.75
470 shares received 07/25/83
to 01/25/85 1,645.00
General Motors Corporation
335 shares received 06/19/78
to 09/10/80
Georgia Pacific Corporation
200 shares received
12/11/80 60.00
300 shares received
03/09/81 to 06/15/81 180.00
Hercules Incorporated
400 shares received
12/21/83 to 03/23/84
Amount Forward
-32-I
Estate of JOHN S.SKELLY
Amount Forward $127,218.43 $127,384.~9.
International Business Machines II
100 shares received
06/12/79 344.00
400 shares received
09/11/79 to 03/11/85 8,760.00 9,104.00 vIngersollRandCompany
400 shares received
03/01/79 316.00
600 shares received
06/01/79 to 06/01/83 8,226.00 8,542 00 V
International Harvester
500 shares received
04/17/79 287.50
700 shares received
07/16/79 to 01/15/81 2,800.00 3,087 50 /
International Paper Company
132 shares received 03/17/71 1,716~00to03/21/78
IIMarathonOil:I,
II
2116 shares received
I Ii03/12/71 to 12/13/73 10,116.80
2,000 shares received II IiIi03/12/74 to 03/13/75 4,500.00
20.666f oll v
I
I1,000 shares received
06/12/75 to 03/17/78 6,050.00 !l
Masco Corporation
II500sharesreceivedIII'11/07/83 to 02/11/85 375 OOli IIMerckandCompanyIIII,
222 shares received I I
I07/12/78 to 04/02/79 399.60 I
200 shares received 1.239]6°1./07/01/82 to 09/30/83 840.00
Minnesota Mining Manufacturing I I'Ii400sharesreceived00\103/14/79 to 09/14/81 2,980 IIMobilOilCorporation
1,111 shares received II
03/15/71 to 12/11/73 8,888.00
I
I !I1,000 shares received I :'03/12/74 to 03/20/75 4,050.00 ul500sharesreceived
06/12/75 to 04/26/78 5,500.00 18,438 00
Amount Forward $193,367 33 $127,384.79 Ii
v
I -33-
II
..."".
Estate of JOHN S.SKELLY
\~9AmountForward$193,367.33 $127,384.
Owens Corning Fiberglas
370 shares received 03/17/80
to 12/15/80 444.00
Pittsburgh National Bank Corporation
181 shares received
04/13/71 .126.70
362 shares received
07/15/71 to 04/13/78 4,173.86 4,300.56 ..-.
P.N.B.Mortgage
and Realty Investor SBI
600 shares received
06/29/72 to 11/21/78 4,437.21
Pittsburgh Plate Glass
Industries Incorporated
800 shares received
03/12/79 to 09/10/82 6,464.00 "400 shares received
I I
12/10/82 to 09/13/83 964.00
800 shares received
12/12/83 to 03/12/85 1,696.00 9,124.:00 y
IPepsicoIncorporatedIi740sharesreceivedI
07/07/78 to 12/31/79 1,372.70 II II
370 shares received I
1,718.65'1 v'03/31/80 to 09/30/80'345.95 IPhiladelphiaElectricI·I •
II
450 shares received !
I12/30/69 to 04/02/79 7,155.00 II
600 shares received Ii I
06/29/79 to 09/30/80 1,620.00 8,775.00'1 ",/IIIRohmandHaas!I
300 shares received • I
06/01/82 to 06/01/83 1,050.00
600 shares received
09/01/83 240.00 I400sharesreceived,/I II12/01/83 to 03/01/85 1,080.00 2,370.00
Sch1umberger Limited
II200sharesreceived
07/15/82 to 01/13/84 344.,00 IISearsRoebuckandCompany
11370sharesreceived
07/13/78 to 04/02/79 429'.20 I
I470sharesreceivedI07/06/79 to 10/02/80 930.60 /',i
900 shares received'I 2,277.801 I01/02/81 to 07/02/81 918.00
79 IAmountForward$227 '158.15~r127'384.
)
I -34-
•j.).1
Estate of JOHN S.SKELLY
Amount Forward $227,158.55 $127,384.79
$
Texas Incorporated
2,682 shares received
03/15/71 to 03/29/72 5,404.23
2,300 shares received
06/13/72 to 12/11/73 6,842.50
2,000 shares received
03/11/74 to 03/13/75 5,200.00
1,000 shares received
06/12/75 to 03/10/82 15,620.00
900 shares received
06/11/82 to 03/08/85 8,100.00
Union Carbide
400 shares received
12/01/80 to 03/01/82
United States Steel Corporation
370 shares received
06/19/78 to 03/13/79 592.00
470 shares received
06/12/79 to 03/10/82 2,491.00
Whirlpool Corporation
550 shares received
09/15/83 to 03/15/85
Western Pennsylvania National Bank
(now Equimark)
1312 shares received
02/03/71 to 04/18/72 1,963.50
1968 shares received
07/12/72 to 09/30/81 16,629.60
F W Woolworth
128 shares received
03/03/71 to 03/03/72
Interest -Corporate Notes
Associates received 01/04/79
to 01/08/82
Federated received 04/03/79
to 03/02/84
General Electric Credit Corporation
received 10/02/80 to 01/05/83
Government received 01/17/77 to
02/04/85
Amount Forward
-35-
41,166.73 ~
1,980.001
3,o83]001 i/'
,'I
1'8971501!II
, I !
I,,il
18,593J10jl!t/'I!,
I I I II
__-,,1~9_2~1 294'070.l881 v
I II II
339]25 1 II
662j091 II
54~84 ~
1,186 i 77 L II
2,242 ~~$421,455 .1 67 IIV'
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Estate of JOHN S.SKELLY
Amount Forward $2,242.~5 $421,455.7
Sears Master Note received 08/05/74
to 03/02/84
CMI Master Note received 03/03/72
to 05/03/72
Signal received 01/04/74
to 08/05/74
Chase Manhattan received
03/02/84 to 04/02/85
1,120.23
2,014.36 8,605.4 :....---
Common Fund Distribution
~I
Ii
2,642.62
4,575.
1
24
12,074 .j9 6 i
I Ii
780.18811 10,073.~O
I'
I32,525.381,I
12,184.15211 44,709.bo V-
I i$484!844.IT il
I I I II
Ii I I
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3,536.33 : I I
I II
85.17 ~
I
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50.00 ~
41,339.81 ~I
'-1$45,OIl.'31 iv
$
Commonwealth ,of Pennsylvania,1971 state
income tax
Equibank,tax service maintenance charge
06/14/83 to 05/11/84
Equibank (formerly Western Pennsylvania
National Bank),trustee's compensation
taken OS/28/70 to 04/29/85
Amount Forward
Treasurer of Washington County,
personal property tax paid
06/11/70 to 06/22/84
Administration Expenses
DISBURSEMENTS
Total Receipts
Equibank Collective Municipal
Fund 'c'
18 units received 09/01/74
to 01/01/77
69 units received 04/01/77
to 04/01/78
33 units received 04/01/84
to 01/01/85
49 units received 04/01/85
to 04/01/85
Equibank Collective Income
Fund "A"
10,032 units received 06/01/75
to 07/01/80
5,016 units received 10/01/80
to 01/01/84
17
1972
Apr.
-36-
--------------------.-j------;..""_ -~~---,---,_-------~-----~~=====_===_=~c-c,.;-__~=.:~=.=-"T.=.......=.-'""""-.~--.=.--------~
Estate of JOHN S.SKELLY
$215,109.11
215,109.11
5,698.48
i
Amount Forward
Income Distributions
John S.Skelly,Jr.,remittances OS/23/69
to 04/29/85
William S.Skelly,remittances OS/23/69
to 04/29/85
Marie C.Skelly,remittance paid 02/18/77
Total Disbursements
Amount transferred to
Principal Personalty
$45,01l.31
435,916.70 ,/
I 480,928.n .......-
3,916.~9
~484,844.DO V-
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-37-
Estate of JOHN S.SKELLY
COMMONWEALTH OF PENNSYLVANIA
SS
COUNTY OF ALLEGHENY
REQUEST FOR DISTRIBUTION
BY:
Sworn and subscribed before
__~'1985.
;i ..,;...;,';Il~~-t·~--Sbl'ri 1"".•\.~:-""
1C \b.,.;11/~<~.~i?~~
SHERYL R.BERtf.lO '\'i$:<I!l'liO'lA.liY,PUBUC"\I,t
PlnSBURGH,ALlEGl1iV-CGilNTY '~•.'~I"
Itfi COMMISSiON J(!>!R SDEC.5,19~8-,
l€mber,Pennsylv,lIlL Ass ialiufi ;Ji ;10[';-"s I
that distribution b determin d ~y the
the Petition for Di tribution to1ibe offer d
of this account.I
EQUIBANK,(RMERLY w4ST RN
PENNSYLVANI NATIONALIBA K)
CO-TRUS E I"
Accountants request
Court in accordance with
in evidence at the audit
Helen M.Collins,Trust Officer,Equi ank,ly Western
Pennsylvania Nationa~Bank)and William She wood y,being duly
sworn according to law depose and say that the disb rs ments sho n
in the account have been made to the parti s entitl d thereto a d
that the account as stated is true and orrect at.hey ver.illlY
believe.
EQUIBANK,(RMERLY W ST RN
PENNSYLVANI NATIONALIBA,K)
CO-TRUSTEE
I
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IN THE COURT OF CO~~ON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:
«Estate ofz~.~JOHN S.SKELLY for
IIIzz~benefit of WILLIAM·S.zo~SKELLY andJ.S.SKELLY;JR.
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)NO.69-0118
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::I:......'"<Ii BEFORE:a:III...~DATE:
11/a:
§APPEARANCE:
oo
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,-
HEARING ON PETITION SUR AUDIT
Samuel L.Rodgers,J.
August 12,1985
Alan"L.Ackerman,Esq.,
representing the Accountant
Vernadean P~ssodlis,Esq.,
appearing
Darlene Nicholas
Official Court Reporter
.
.-.---~,II ..I 2
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PASSODLIS:I am Vern Passodlis,Your
,;:!\~
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THE COURT:
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gTHE COURT:.,
:I:I-...01
The Estate of John S.
Skelly for the benefit of William S.Skelly and
J.S.Skelly,Jr.-
The next five estates involve
the Skelly Estate;Marie C.Skelly for the benefit
of John Skelly;Marie C.Skelly for the benefit of
Lillian Skelly;Marie C.Skelly for the benefit of
Martha S.Skelly;Marie C.Skelly for the benefit of
William-Skelly.Your name please?
Honor,appearing in place of Attorney Alan Ackerman~
You are in all of these
estates as trustee?
<Iia::wI-a::~MS.PASSODLIS:
a::
I-a::;;)
8THE COURT:...«ij
~appear.o
Yes,as trustees~
-,
We-wil~·take them as they
•.,J
The Estate of John S~;Skelly for the benefit
..--jy ..'
of William S.Skeliy'and J.S~,'Skelly.
Skelly,Your Honor;.this is the audit of theeMS.PASSODLIS:ID the Estate of John S.
.~,.Jo
residuary trust unde~tiis·Wili.All the necessary
~
documents have been ,prepared.There are no
complications as to.this trust,Your Honor,but thi
,.
account was filed.to facilitate the transfer of
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Zo~THE COURT:
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trustees.The beneficiaries have agreed that
Union National Bank of Pittsburgh should succeed
Equibank.Equibank has consented.The consent of
Equibankand the acceptance ot Union National are
attached to the petition.The beneficiaries consents
will be signed and submitted to the Court.so I
would ask that this audit be closed sub~ct to the
consents.
The ,Estate of John S.Skelly
for the ben~fit of William S.Skelly and J.S.Skelty,
Jr.will be marked closed subject to the receipt oflthe
consent of the beneficiaries to the Union National
Bank as the new trustee.
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I hereby certify that the proceedings are contained
fully and accurately in the notes taken by me during the
hearing in the above cause and tha~this copy is'a correct
transcript of the Same.
1CaA~f1{~0t ficial Court.Reporter
T~e foregoing record of the proceedings .of the
be filed .
..:CJii:........,.~hear1ng'ln the above cause 1S hereby approved and d1rected to
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Samuel L.Rodgers,J.
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN THE MATTER OF:
THE ESTATE OF:
JOHN S.SKELLY,FOR THE
BENEFIT OF WILLIAM S.
SKELLY AND JOHN SCOTT
SKELLY,JR.
ORPHANS'COURT DIVISION
NO.63-69-0118
ORDER
Account No.32-6050-00-2
CODE:
Filed on behalf of William S.
Skelly and Equibank,Co-Trustees
Counsel of Record for this Party:
Alan L.Ackerman,Esquire
Pa.I.D.No.00365
One Oxford Centre
40th Floor
Pittsburgh,PA 15219-6498
(412)·392-2044
...,...
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:Trust Estate of
John Scott Skelly,
for the benefit of
William S.Skelly
and John Scott
Skelly,Jr.
ORDER
AND NOW,the J3..{day of
No.63-69-0118
_~~~::..........::=-----=-,1985,
upon consideration of the annexed Petition,Equibank and Marie C.
Skelly,deceased,are discharged from their office as Trustees of
the Trust under the Will of John Scott Skelly,conditioned,
however,upon the absolute confirmation of the Account in due
course and the transfer and delivery of the assets of the trust
estate in accordance with the adjudication thereof.
And,The Union National Bank of Pittsburgh,is appointed
successor Co-Trustee of said trust in the place of the said
Equibank.
BY THE COURT:
~_.'_.._A_~-.4---__J.
....
---~-------------------------_.
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In tl1.r Qtnurt nf Qtl1ttU1U1n Jhas nf Iht.u4iUBfnn Qtll1ttlty,
Jtnn5yltt~itt,(@rp4ttltli'at1I1ttt lIiuialnn
ESTATE OF
JOHN S.SKELLY,DECEASED
N .63-69-0118o.
In thematterofthe First and Final
Account of Eguibank and Wi]]jam S•
.Skelly,Co-Trustees
ADJUDICATION AND DECREE
And now SEPTEMBER IP ,19.aL,this matter come on for hearing,
audit and distribution at this session and testimony token;and thereupon,upon due consideration
thereof the balance for distribution in the hands of the Accountant is determined to be
$4J J ,880 8J and the account is accordingly confirmed;and it is ordered,
adjudged and decreed that the said balance be paid out by the Accountant in accordance with the
schedule of distribution hereto attached and mode a part hereof,unless exceptions hereto be filed
sec.reg.or on appeol be token herefrom sec.leg.
SAMUEL L.RODGE
SCHEDULE OF DISTRIBUTION
Balance per accountl------------------I'$403,845,87
Add:Per Supplement to First and Final
Account ]1,634.9l'Deduct:Per Supplement to First and Final I
Accourit d3,600.00)$411,880.818alonc,...e ,·,--
Deduct Clerk's Costs &Receipts I .I'----------,
AttomeyBerkman Bps]auger RObJ Lieber &Enge'
TO:Union National Bank;Successor Co-
Trustee and WilliamS.Skelly,Co-
Trustee,for the benefit of WilliamS.
Skelly and John Scott Skelly,Jr.
Principal Cash
$25,000 U.S.Treasury Note,11.50%,
due 10/15/90
$10,000 Hercules,Inc.,6.50%,due
6/30/99
$20,000 Owens Corning Glass Works,
8,250%,due 12/1/2007
$20,000 Eastman Kodak,8.25%,due 12/15/2009
$20,000 Eaton Corp.,8,50%,due 12/15/2008
I
I I
415,030.461
24,781.251
I
9,750.001
I.I210,043 .33
1li8,725.001210,850.001
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IFORMB9O.C.
$10,000 Avnet,Inc.,89-dueo ,
10/1/2013 9,662 50
900 shares Exxon Corp.20,281 50
1,200 shares Florida Power and Light
Group,Inc.16,727 00
470 shares General Electric Co.12,639 48
400 shares IBM Corporation 31,861 00
500 shares Masco Corp.16,615 00
800 shares PPG Indus;tries,Inc.9,680 00
400 shares Rohm Haas Co.11,574 00
900 shares.Texaco,Inc.26,156 63
I 550 shares Whirlpool Corp.27,879 50
350 shares Allied Corp.,S.R.C.18,798 50
700 shares Cigna Corp.17,640 00
850 shares United Technologies 20,146 25
.500 shares Weyerhaeuser Co ..24,120.00..
Income Cash 8,919 41 411,880 81
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
JOHN S.SKELLY,
DECEASED
0 ......Col r ~.::t-:r'n
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ORPHANS'COURT DIVISION
NO.63-69-0118
FIRST AND PARTIAL ACCOUNT
"CODE "
TRUST UNDER WILL
FILED ON BEHALF OF WILLIAM S.
SKELLY (NOW DECEASED)AND THE
UNION NATIONAL BANK OF
PITTSBURGH,TRUSTEES
COUNSEL OF RECORD
G.DONALD GERLACH
PA I.D.#00594
REED,SMITH,SHAW AND
MCCLAY
FIRM #234
435 SIXTH AVENUE
P.O.BOX 2009
PITTSBURGH,PA 15230
(412)288-3131
(412)288-3192
-------------------------------~
FIRST AND PARTIAL ACCOUNT
FOR THE TRUST ESTABLISHED UNDER THE WILL
OF JOHN S.SKELLY,DECEASED
TRUST FOR WILLIAM S.SKELLY AND JOHN SCOTT SKELLY,JR.
STATED BY WILLIAM S.SKELLY,TRUSTEE (NOW DECEASED)
AND THE UNION NATIONAL BANK OF PITTSBURGH,SUCCESSOR TRUSTEE
WILLIAM S.SKELLY DIED:
DATE OF SUCCESSOR TRUSTEE'S FIRST
RECEIPT OF FUNDS:
ACCOUNT STATED FOR THE PERIOD:
MAY 10,1990
NOVEMBER 5,1985
NOVEMBER 5,1985 TO
AUGUST 2,1990
PURPOSE OF ACCOUNT:WILLIAM S.SKELLY (NOW DECEASED)AND THE UNION
NATIONAL BANK OF PITTSBURGH,TRUSTEES,OFFER THIS ACCOUNT TO ACQUAINT
INTERESTED PARTIES WITH THE TRANSACTIONS THAT HAVE OCCURRED DURING
THEIR ADMINISTRATION.
IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED.REQUESTS FOR
ADDITIONAL INFORMATION OR QUESTIONS OR OBJECTIONS CAN BE DISCUSSED
WITH:
ROBERTA L.MILLIGAN
TRUST OFFICER
THE UNION NATIONAL BANK
OF PITTSBURGH
P.O.BOX 837
PITTSBURGH,PENNSYLVANIA 15230
(412)644-8310
JOHN S.SKELLY,DECEASED
SUMMARY OF ACCOUNT
PRINCIPAL -PERSONALTY
RECEIPTS
NO GAIN OR LOSS ON
SURRENDERS
NET GAIN ON CONVERSIONS
LESS DISBURSEMENTS
BALANCE BEFORE DISTRIBUTIONS
LESS DISTRIBUTIONS TO
BENEFICIARIES
INVESTMENTS
CAPITAL CHANGES
PRINCIPAL BALANCE REMAINING
INCOME -PERSONALTY
RECEIPTS
LESS DISBURSEMENTS
BALANCE BEFORE DISTRIBUTIONS
LESS DISTRIBUTIONS TO
BENEFICIARIES
INCOME BALANCE REMAINING
COMBINED BALANCE REMAINING
PAGES
4-6
6-7
7-10
SUB-TOTAL
11
11
11-13
13-18
18-20
20
20-21
$403,655.32 ~
0.00
54,150.34 V'
$457,805.66 ~
8,022.14 ----
$449,783.52
20,000.00
$15,111.29 /
2,255.87 ~
$12,855.42 ~
12,502.12
$429,783.52 f-/'
353.30 ~
$430,136.82 ~
JOHN S.SKELLY,DECEASED
COMPOSITION OF NET BALANCES
CLOSING
PRICES AS
OF 07/31/90
PRINCIPAL -PERSONALTY
STOCKS
ACCOUNT
VALUE
600 SHARES BELL ATLANTIC CORPORATION,
COMMON
1,600 SHARES EXXON CORPORATION,COMMON
1,200 SHARES FPL GROUP,INCORPORATED,
COMMON
940 SHARES GENERAL ELECTRIC COMPANY,
COMMON
300 SHARES INTERNATIONAL BUSINESS
MACHINES CORPORATION,COMMON
1,600 SHARES PPG INDUSTRIES,
INCORPORATED,COMMON
400 SHARES PENNSYLVANIA POWER AND
LIGHT COMPANY,COMMON
700 SHARES ROHM AND HAAS COMPANY,
COMMON
500 SHARES USF&G CORPORATION,$4.10
EXCHANGEABLE CONVERTIBLE PREFERRED
600 SHARES UNITED TECHNOLOGIES
CORPORATION,COMMON
BONDS
$29,625.00 $19,580.00
83,000.00 18,028.00
36,750.00 16,727.00
67,327.50 12,639.48
33,450.00 23,895.75
85,400.00 9,680.00
16,800.00 14,376.00
24,062.50 6,751.50
19,625.00 .24,930.90
35,550.00 18,101.94
$10,000 AVNET,INCORPORATED CONVERTIBLE
SUBORDINATED DEBENTURE 8%DATED 10/01/83
DUE 10/01/2013
$20,000 CHELTENHAM TOWNSHIP PA SCHOOL
DISTRICT 7.80%DATED 07/01/86 DUE
06/01/98
2
8,968.80
20,296.60
9,662.50
20,000.00
JOHN S.SKELLY,DECEASED
PRINCIPAL -PERSONALTY
(CONTINUED)
CLOSING
PRICES AS
OF 07/31/90
ACCOUNT
VALUE
BONDS (CONTINUED)
$30,000 CIGNA CORPORATION CONVERTIBLE
SUBORDINATED DEBENTURE 8.20%DATED
06/01/88 DUE 07/10/2010 $28,350.00
$20,000 FEDERAL HOME LOAN BANKS 8.40%
DATED 06/25/87 DUE 06/25/92 20,125.00
$40,000 PHILADELPHIA PA SCHOOL DISTRICT
AMBAC INSURED 9%DATED 11/15/85 DUE
07/01/2000 43,483.20
NOTES
$30,000 UNITED STATES OF AMERICA TREASURY
7.25%DATED 11/15/86 DUE 11/15/96 28,490.70
$20,000 UNITED STATES OF AMERICA TREASURY
8.50%DATED 11/15/88 DUE 11/15/91 20,131.20
$60,000 UNITED STATES OF AMERICA TREASURY
8.375%DATED 02/15/90 DUE 02/15/93 60,487.80
TEMPORARY INVESTMENT
$31,610.00
19,850.00
40,000.00
27,843.75
19,712.50
59,914.20
$36,400 FEDERATED TRUST FOR SHORT-TERM
UNITED STATES GOVERNMENT SECURITIES
FUND (TREAT AS CASH)
*CASH
INCOME -PERSONALTY
36,400.00
$698,323.30
80.00
$698,403.30
36,400.00
$429,703.52
80.00
$429,783.52
*CASH
COMBINED TOTALS
353.30 353.30
$698,756.60 ------.$430,136.82----
*NOTE:ALL CASH IS INVESTED IN FEDERATED TRUST FOR SHORT-TERM
UNITED STATES GOVERNMENT SECURITIES FUND
3
JOHN S.SKELLY,DECEASED
PRINCIPAL -PERSONALTY
RECEIPTS
PRIOR AWARD
WILLIAM S.SKELLY AND EQUIBANK,TRUSTEES
UNDER THE WILL OF JOHN S.SKELLY,DECEASED
AWARDED BY DECREE OF DISTRIBUTION DATED 09/16/85
AT NO.63-69-0118 IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA,ORPHANS'COURT DIVISION
STOCKS 11/19/85 -12/03/85
350 SHARES ALLIED SIGNAL,
INCORPORATED,$6.74 CONVERTIBLE
PREFERRED $18,798.50
700 SHARES CIGNA CORPORATION,
$2.75 CONVERTIBLE PREFERRED
SERIES A 17,640.00
900 SHARES EXXON CORPORATION,
COMMON 20,281.50
1,200 SHARES FPL GROUP,
INCORPORATED,COMMON 16,727.00
470 SHARES GENERAL ELECTRIC
COMPANY,COMMON 12,639.48
400 SHARES INTERNATIONAL
BUSINESS MACHINES CORPORATION,
COMMON 31,861.00
500 SHARES MASCO CORPORATION,
COMMON 16,615.00
800 SHARES PPG INDUSTRIES,
INCORPORATED,COMMON 9,680.00
400 SHARES ROHM AND HAAS
COMPANY,COMMON 11,574.00
900 SHARES TEXACO,INCORPORATED,
COMMON 26,156.63
850 SHARES UNITED TECHNOLOGIES
CORPORATION,$2.55 CONVERTIBLE
PREFERRED 20,146.25
4
JOHN S.SKELLY,DECEASED
RECEIPTS
(CONTINUED)
PRIOR AWARD (CONTINUED)
WILLIAM S.SKELLY AND EQUIBANK,TRUSTEES
UNDER THE WILL OF JOHN S.SKELLY,DECEASED
AWARDED BY DECREE OF DISTRIBUTION DATED 09/16/85
AT NO.63-69-0118 IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA,ORPHANS'COURT DIVISION
STOCKS 11/19/85 -12/03/85 (CONTINUED)
500 SHARES WEYERHAEUSER COMPANY,
$4.50 CONVERTIBLE PREFERRED $24,120.00
550 SHARES WHIRLPOOL CORPORATION,
COMMON 27,879.50
BONDS 11/20/85
$10,000 AVNET,INCORPORATED
CONVERTIBLE SUBORDINATED
DEBENTURE 8%DATED 10/01/83
DUE 10/01/2013 9,662.50
$20,000 CORNING GLASS WORKS
CONVERTIBLE SUBORDINATED
DEBENTURE 8.25%DATED 12/01/82
DUE 12/01/2007 20,043.33
$20,000 EASTMAN KODAK CONVERTIBLE
8.25%DUE 12/15/2007 18,725.00
$20,000 EATON CORPORATION
CONVERTIBLE SUBORDINATED
DEBENTURE 8.50%DUE 12/15/2008 20,850.00
$10,000 HERCULES,INCORPORATED
CONVERTIBLE SUBORDINATED
DEBENTURE 6.50%DATED 08/15/74
DUE 06/30/99 9,750.00
NOTE 11/14/85
$25,000 UNITED STATES OF AMERICA
TREASURY NOTES 11.50%DATED
10/05/83 DUE 10/15/90 24,781.25
CASH 11/05/85
5
45,030.46 $402,961.40 /
JOHN S.SKELLY,DECEASED
RECEIPTS
(CONTINUED)
SUBSEQUENT RECEIPT
05/31/89 REFUND OF FEDERAL FIDUCIARY INCOME
TAX FOR THE YEAR ENDED 12/31/88 $693.92
TOTAL PRINCIPAL RECEIPTS
SURRENDERED FOR EXCHANGE
07/18/86 SURRENDERED
350 SHARES ALLIED SIGNAL,
INCORPORATED,$6.74 CONVERTIBLE
PREFERRED
CARRYING VALUE
RECEIVED IN LIEU OF ABOVE
465.745 SHARES ALLIED-SIGNAL,
INCORPORATED,COMMON
08/27/86 SURRENDERED
850 SHARES UNITED TECHNOLOGIES
CORPORATION,$2.55 CONVERTIBLE
PREFERRED
CARRYING VALUE
$18,798.50
18,798.50
$20,146.25
$403,655.32 ~
GAIN/LOSS
20,850.00
RECEIVED IN LIEU OF ABOVE
667.760 SHARES UNITED TECHNOLOGIES
CORPORATION,COMMON 20,146.25
01/29/87 SURRENDERED
$20,000 EATON CORPORATION
CONVERTIBLE SUBORDINATED DEBENTURE
BOND 8.50%DUE 12/15/2008
CARRYING VALUE $20,850.00
RECEIVED IN LIEU OF ABOVE
316.205 SHARES EATON CORPORATION,
COMMON
6
$17,640.00
JOHN S.SKELLY,DECEASED
SURRENDERED FOR EXCHANGE (CONTINUED)
07/07/87 SURRENDERED
700 SHARES CIGNA CORPORATION,
$2.75 CONVERTIBLE PREFERRED
SERIES A
CARRYING VALUE
GAIN/LOSS
RECEIVED IN LIEU OF ABOVE
295.484 SHARES CIGNA CORPORATION,
COMMON
07/14/88 SURRENDERED
600 SHARES CIGNA CORPORATION,
$4.10 CONVERTIBLE EXCHANGEABLE
PREFERRED
CARRYING VALUE
17,640.00
$31,610.00
RECEIVED IN LIEU OF ABOVE
$30,000 CIGNA CORPORATION
CONVERTIBLE SUBORDINATED DEBENTURE
BOND 8.20%DATED 06/01/88 DUE
07/10/2010 31,610.00
NO GAIN OR LOSS TRANSFERRED TO SUMMARY PAGE $0.00
PRINCIPAL CONVERSIONS INTO CASH GAIN/LOSS
01/07/86 500 SHARES MASCO CORPORATION,
COMMON
NET PROCEEDS $19,899.33
CARRYING VALUE 16,615.00 $3,284.33 ~\
01/07/86 550 SHARES WHIRLPOOL CORPORATION,
COMMON
CARRYING VALUE $27,879.50
NET PROCEEDS 27,372.58 (506.92)~,
07/11/86 500 SHARES WEYERHAEUSER COMPANY,
$4.50 CONVERTIBLE PREFERRED
PROCEEDS CALLED $26,000.00
CARRYING VALUE 24,120.00 1,880.00 ~
07/15/86 $20,000 EASTMAN KODAK CONVERTIBLE
BOND 8.25%DUE 12/15/2007
PROCEEDS CALLED $21,402.00 ~CARRYING VALUE 18,725.00 2,677.00
7
JOHN S.SKELLY,DECEASED
PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS
08/11/86 $20,000 CORNING GLASS WORKS
CONVERTIBLE SUBORDINATED DEBENTURE
BOND 8.25%DATED 12/01/82 DUE
12/01/2007
NET PROCEEDS $39,520.00
CARRYING VALUE 20,043.33 $19,476.67 ~
08/12/86 .745 SHARE ALLIED-SIGNAL,
INCORPORATED,COMMON
CARRYING VALUE $30.07
PROCEEDS 28.50 (1.57)"L-
08/29/86 .760 SHARE UNITED TECHNOLOGIES
CORPORATION,COMMON
PROCEEDS $35.25
CARRYING VALUE 22.93 12.32 ~
02/02/87 .205 SHARE EATON CORPORATION,
COMMON
PROCEEDS $16.91
CARRYING VALUE 13.52 3.39 t../'
04/22/87 900 SHARES TEXACO,INCORPORATED,
COMMON
NET PROCEEDS $27,894.57
CARRYING VALUE 26,156.63 1,737.94 j,/
04/23/87 300 SHARES H J HEINZ COMPANY,
COMMON
NET PROCEEDS $12,893.57
CARRYING VALUE 12,592.50 301 •07 ---------
07/20/87 .484 SHARE CIGNA CORPORATION,
COMMON
PROCEEDS REDEMPTION $30.83 /CARRYING VALUE 28.89 1.94
07/28/87 465 SHARES ALLIED-SIGNAL,
INCORPORATED,COMMON
NET
PROCEEDS $20,761.55 /CARRYING VALUE 18,768.43 1,993.12
10/06/87 295 SHARES CIGNA CORPORATION,
COMMON
NET PROCEEDS $19,513.59
CARRYING VALUE 17,611.11 1,902.48 /
8
JOHN S.SKELLY,DECEASED
PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS
01/26/88
12/02/88
316 SHARES EATON CORPORATION,
COMMON
NET PROCEEDS
CARRYING VALUE
$25,000 HOSPITAL CORPORATION OF
AMERICA CONVERTIBLE SUBORDINATED
DEBENTURE BOND 8.50%DATED 03/01/83
DUE 03/01/2008
CARRYING VALUE
PROCEEDS
$23,288.42
20,836.48
$26,350.00
22,812.50 (
$2,451.94 L-/
3,537.50)<--------
$25,500.00
24,781.25
02/01/90 $25,000 UNITED STATES OF AMERICA
TREASURY NOTES 11.50%DATED 10/05/83
DUE 10/15/90
PROCEEDS
CARRYING VALUE 718.75 ~
$11,119.83
3,510.78
02/01/90 200 SHARES EXXON CORPORATION,
COMMON
NET PROCEEDS $9,384.68
CARRYING VALUE 2,253.50
02/01/90 $10,000 HERCULES,INCORPORATED
CONVERTIBLE SUBORDINATED DEBENTURE
BOND 6.50%DATED 08/15/74 DUE
06/30/99
PROCEEDS $9,900.00
CARRYING VALUE 9,750.00
02/01/90 100 SHARES INTERNATIONAL BUSINESS
MACHINES CORPORATION,COMMON
NET PROCEEDS $9,879.67
CARRYING VALUE 7,965.25
02/01/90 364 SHARES ROHM AND HAAS COMPANY,
COMMON
NET PROCEEDS
CARRYING VALUE
7,131.18 ~
150.00 L..--
1,914.42 ~
/7,609.05
02/01/90 136 SHARES ROHM AND HAAS COMPANY,
COMMON
NET PROCEEDS
CARRYING VALUE
9
$4,171.66
1,311.72 V2,859.94
JOHN S.SKELLY,DECEASED
PRINCIPAL CONVERSIONS INTO CASH (CONTINUED)GAIN/LOSS
06/28/90 67 SHARES UNITED TECHNOLOGIES
CORPORATION,COMMON
NET PROCEEDS $3,812.17 ~CARRYING VALUE 2,021.38 $1,790.79
06/29/90 $15,000 FRANKLIN TOWNSHIP PA
MUNICIPAL SANITATION AUTHORITY
GUARANTEED REVENUE AMBAC INSURED
BOND 7.05%DATED 09/15/86
DUE 01/01/99
CARRYING VALUE $15,000.00
PROCEEDS 14,850.00 (150.00)~
06/29/90 $25,000 LANSDALE PA PARKING
AUTHORITY PARKING REVENUE BOND
7.70%DATED 08/15/86 DUE
08/15/2006
PROCEEDS $25,450.00
CARRYING VALUE 25,000.00 450.00 t..-/
$54,800 FEDERATED AUTOMATED
GOVERNMENT MONEY TRUST
PROCEEDS REDEMPTION
11/14/85 -06/03/86 $54,800.00
CARRYING VALUE 54,800.00 0.00
$188,600 FEDERATED TAX-FREE
INSTRUMENTS TRUST
PROCEEDS REDEMPTION
12/13/85 -12/09/86 $188,600.00
CARRYING VALUE 188,600.00 0.00
12/26/86 $32,700 FEDERATED TAX-FREE TRUST
PROCEEDS REDEMPTION $32,700.00
CARRYING VALUE 32,700.00 0.00
$304,300 FEDERATED TRUST FOR
SHORT-TERM UNITED STATES
GOVERNMENT SECURITIES FUND
PROCEEDS REDEMPTION
01/20/87 -08/02/90 $304,300.00
CARRYING VALUE 304,300.00 0.00
TOTAL GAIN $58,346.33 ~
TOTAL LOSS ~4,195.99 ~NET GAIN $54,150.34 c.
10
JOHN S.SKELLY,DECEASED
PRINCIPAL -PERSONALTY
DISBURSEMENTS
01/21/86 THE UNION NATIONAL BANK OF PITTSBURGH
SUCCESSOR FIDUCIARY FEE $200.00 L--
INTERNAL REVENUE SERVICE
FEDERAL FIDUCIARY INCOME TAX FOR
THE CALENDAR YEARS:
1986 $
1987
1988
04/15/87 PENNSYLVANIA DEPARTMENT OF REVENUE
PENNSYLVANIA FIDUCIARY INCOME TAX
FOR THE CALENDAR YEAR 1986
1,647.10
947.83
693.92 3,288.85
579.29
08/02/90 REGISTER OF WILLS AND CLERK OF ORPHANS'
COURT OF WASHINGTON COUNTY,PENNSYLVANIA
COST OF FILING THIS ACCOUNT 454.00
08/02/90 REED,SMITH,SHAW AND MCCLAY
ATTORNEYS'FEE
PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES
DISTRIBUTIONS IN ACCORDANCE WITH PARAGRAPH
FOURTH OF THE FIRST CODICIL TO THE WILL:
$
3,500.00
8,022.14
ROBERT SKELLY
CASH 07/17/90
LINDA KOSAR
CASH 07/17/90
TOTAL PRINCIPAL DISTRIBUTIONS
TOTAL PRINCIPAL DISBURSEMENTS
PRINCIPAL INVESTMENTS
$10,000.00
10,000.00
20,000.00
$28,022.14 ~
11/15/85 $40,000 PHILADELPHIA PA SCHOOL
DISTRICT AMBAC INSURED BOND 9%DATED
11/15/85 DUE 07/01/2000 AT 100 $40,000.00
11
JOHN S.SKELLY,DECEASED
PRINCIPAL INVESTMENTS (CONTINUED)
06/18/86 $20,000 CHELTENHAM TOWNSHIP PA
SCHOOL DISTRICT BOND 7.80%DATED
07/01/86 DUE 06/01/98 AT 100 $20,000.00
07/28/86 $25,000 HOSPITAL CORPORATION OF
AMERICA CONVERTIBLE SUBORDINATED
DEBENTURE BOND 8.50%DATED 03/01/83
DUE 03/01/2008 AT 105 26,350.00
08/11/86 $25,000 LANSDALE PA PARKING
AUTHORITY PARKING REVENUE BOND 7.70%
DATED 08/15/86 DUE 08/15/2006
AT 100 25,000.00
09/12/86 300 SHARES H J HEINZ COMPANY,
COMMON AT 41.875 12,592.50
09/17/86 $15,000 FRANKLIN TOWNSHIP PA
MUNICIPAL SANITATION AUTHORITY
GUARANTEED REVENUE AMBAC INSURED BOND
7.05%DATED 09/15/86 DUE 01/01/99
AT 100 15,000.00
09/19/86 200 SHARES BELL ATLANTIC
CORPORATION,COMMON AT 65.50 13,120.00
04/23/87 100 SHARES BELL ATLANTIC
CORPORATION,COMMON AT 64.50 6,460.00
04/23/87 400 SHARES PENNSYLVANIA POWER AND
LIGHT COMPANY,COMMON AT 35.75 14,376.00
04/23/87 200 SHARES USF&G CORPORATION,$4.10
EXCHANGEABLE CONVERTIBLE PREFERRED
AT 54.25 10,914.00
04/24/87 $30,000 UNITED STATES OF AMERICA
TREASURY NOTES 7.25%DATED 11/15/86
DUE 11/15/96 AT 92.813 27,843.75
07/29/87 $20,000 FEDERAL HOME LOAN BANKS BOND
8.40%DATED 06/25/87 DUE 06/25/92
AT 99.25 19,850.00
10/06/87 400 SHARES CIGNA CORPORATION,$4.10
CONVERTIBLE EXCHANGEABLE PREFERRED
AT 54.75 22,012.00
12
JOHN S.SKELLY,DECEASED
PRINCIPAL INVESTMENTS (CONTINUED)
01/26/88 300 SHARES USF&G CORPORATION,$4.10
EXCHANGEABLE CONVERTIBLE PREFERRED
AT 46.473 $14,016.90
02/02/88 200 SHARES CIGNA CORPORATION,$4.10
CONVERTIBLE EXCHANGEABLE PREFERRED
AT 47.75 9,598.00
12/02/88 $20,000 UNITED STATES OF AMERICA
TREASURY NOTES 8.50%DATED 11/15/88
DUE 11/15/91 AT 98.563 19,712.50
02/06/90 $60,000 UNITED STATES OF AMERICA
TREASURY NOTES 8.375%DATED 02/15/90
DUE 02/15/93 AT 99.857 59,914.20
$54,800 FEDERATED AUTOMATED
GOVERNMENT MONEY TRUST
11/05/85 -12/26/85
$188,600 FEDERATED TAX-FREE
INSTRUMENTS TRUST
12/03/85 -12/02/86
$32,700 FEDERATED TAX-FREE TRUST
12/09/86 -12/16/86
54,800.00
188,600.00
32,700.00
$340,700 FEDERATED TRUST FOR
SHORT-TERM UNITED STATES GOVERNMENT
SECURITIES FUND
12/26/86 -08/02/90 340,700.00
PRINCIPAL CAPITAL CHANGES
11/21/85
07/18/86
ALLIED SIGNAL,INCORPORATED,$6.74 CONVERTIBLE
PREFERRED
350 SHARES DECREED
350 SHARES SURRENDERED
13
$18,798.50
18,798.50
JOHN S.SKELLY,DECEASED
PRINCIPAL CAPITAL CHANGES (CONTINUED)
ALLIED-SIGNAL,INCORPORATED,COMMON
07/18/86 465.745 SHARES RECEIVED IN SURRENDER $18,798.50
08/12/86 0.745 SHARE SOLD 30.07
465.000 SHARES $18,768.43
07/28/87 465.000 SHARES SOLD 18,768.43
BELL ATLANTIC CORPORATION,COMMON
09/19/86 200 SHARES PURCHASED $13,120.00
04/23/87 100 SHARES PURCHASED 6,460.00
300 SHARES $19,580.00
05/08/90 300 SHARES RECEIVED IN A 2 FOR 1
STOCK SPLIT AS HOLDER
OF RECORD ON 04/10/90 0.00
600 SHARES $19,580.00
-
CIGNA CORPORATION,$2.75 CONVERTIBLE
PREFERRED SERIES A
11/21/85 700 SHARES DECREED $17,640.00
07/07/87 700 SHARES SURRENDERED 17,640.00
-
CIGNA CORPORATION,$4.10 CONVERTIBLE
EXCHANGEABLE PREFERRED
10/06/87 400 SHARES PURCHASED $22,012.00
02/02/88 200 SHARES PURCHASED 9,598.00
600 SHARES $31,610.00
07/14/88 600 SHARES SURRENDERED 31,610.00
-
CIGNA CORPORATION,COMMON
07/07/87 295.484 SHARES RECEIVED IN SURRENDER $17,640.00
07/20/87 0.484 SHARE REDEEMED 28.89
295.000 SHARES $17,611.11
10/06/87 295.000 SHARES SOLD 17,611.11
EATON CORPORATION,COMMON
01/29/87 316.205 SHARES RECEIVED IN SURRENDER $20,850.00
02/02/87 0.205 SHARE SOLD 13.52
316.000 SHARES $20,836.48
01/26/88 316.000 SHARES SOLD 20,836.48
14
JOHN S.SKELLY,DECEASED
PRINCIPAL CAPITAL CHANGES (CONTINUED)
11/19/85
09/18/87
02/01/90
11/19/85
OS/29/87
09/12/86
04/23/87
11/19/85
02/01/90
12/03/85
01/07/86
EXXON CORPORATION,COMMON
900 SHARES DECREED
900 SHARES RECEIVED IN A 2 FOR 1
STOCK SPLIT AS HOLDER
OF RECORD ON 08/13/87
1,800 SHARES
200 SHARES SOLD
1,600 SHARES
GENERAL ELECTRIC COMPANY,COMMON
470 SHARES DECREED
470 SHARES RECEIVED IN A 2 FOR 1
STOCK SPLIT AS HOLDER
OF RECORD ON 04/23/87
940 SHARES
H J HEINZ COMPANY,COMMON
300 SHARES PURCHASED
300 SHARES SOLD
INTERNATIONAL BUSINESS MACHINES CORPORATION,
COMMON
400 SHARES DECREED
100 SHARES SOLD
300 SHARES
MASCO CORPORATION,COMMON
500 SHARES DECREED
500 SHARES SOLD
$20,281.50
0.00
$20,281.50
2,253.50
$18,028.00
$12,639.48
0.00
$12,639.48
$12,592.50
12,592.50
$31,861.00
7,965.25
$23,895.75
$16,615.00
.16,615.00
PPG INDUSTRIES,INCORPORATED,COMMON
11/19/85 800 SHARES DECREED
03/18/87 800 SHARES RECEIVED IN A 2 FOR 1
STOCK SPLIT AS HOLDER
OF RECORD ON 02/17/87
1,600 SHARES
15
$9,680.00
0.00
$9,680.00
11/19/85
06/16/86
02/01/90
02/01/90
11/21/85
04/22/87
11/21/85
08/27/86
08/27/86
08/29/86
06/28/90
04/23/87
01/26/88
11/21/85
07/11/86
11/21/85
01/07/86
JOHN S.SKELLY,DECEASED
PRINCIPAL CAPITAL CHANGES (CONTINUED)
ROHM AND HAAS COMPANY,COMMON
400 SHARES DECREED
800 SHARES RECEIVED IN A 3 FOR 1
STOCK SPLIT AS HOLDER
OF RECORD ON OS/23/86
1,200 SHARES
364 SHARES SOLD
836 SHARES
136 SHARES SOLD
700 SHARES
TEXACO,INCORPORATED,COMMON
900 SHARES DECREED
900 SHARES SOLD
UNITED TECHNOLOGIES CORPORATION,$2.55
CONVERTIBLE PREFERRED
850 SHARES DECREED
850 SHARES SURRENDERED
UNITED TECHNOLOGIES CORPORATION,COMMON
667.760 SHARES RECEIVED IN SURRENDER
0.760 SHARE SOLD
667.000 SHARES
67.000 SHARES SOLD
600.000 SHARES
USF&G CORPORATION,$4.10 EXCHANGEABLE
CONVERTIBLE PREFERRED
200 SHARES PURCHASED
300 SHARES PURCHASED
500 SHARES
WEYERHAEUSER COMPANY,$4.50 CONVERTIBLE
PREFERRED
500 SHARES DECREED
500 SHARES CALLED
WHIRLPOOL CORPORATION,COMMON
550 SHARES DECREED
550 SHARES SOLD
16
$11,574.00
0.00
$11,574.00
3,510.78
$8,063.22
1,311.72
$6,751.50
$26,156.63
26,156.63
$20,146.25
20,146.25
$20,146.25
22.93
$20,123.32
2,021.38
$18,101.94
,
$10,914.00
14,016.90
$24,930.90
$24,120.00
24,120.00
$27,879.50
27,879.50
JOHN S.SKELLY,DECEASED
PRINCIPAL CAPITAL CHANGES (CONTINUED)
11/20/85
08/11/86
CORNING GLASS WORKS CONVERTIBLE SUBORDINATED
DEBENTURE BOND 8.25%DATED 12/01/82 DUE 12/01/2007
$20,000 DECREED
20,000 SOLD
$20,043.33
20,043.33
EASTMAN KODAK CONVERTIBLE BOND 8.25%DUE 12/15/2007
11/20/85 $20,000 DECREED $18,725.00
07/15/86 20,000 CALLED 18,725.00
EATON CORPORATION CONVERTIBLE SUBORDINATED
DEBENTURE BOND 8.50%DUE 12/15/2008
11/20/85 $20,000 DECREED
01/29/87 20,000 SURRENDERED
FRANKLIN TOWNSHIP PA MUNICIPAL SANITATION
AUTHORITY GUARANTEED REVENUE AMBAC INSURED
BOND 7.05%DATED 09/15/86 DUE 01/01/99
09/17/86 $15,000 PURCHASED
06/29/90 15,000 SOLD
HERCULES,INCORPORATED CONVERTIBLE SUBORDINATED
DEBENTURE BOND 6.50%DATED 08/15/74 DUE 06/30/99
11/20/85 $10,000 DECREED
02/01/90 10,000 SOLD
HOSPITAL CORPORATION OF AMERICA CONVERTIBLE
SUBORDINATED DEBENTURE BOND 8.50%DATED 03/01/83
DUE 03/01/2008
07/28/86 $25,000 PURCHASED
12/02/88 25,000 SOLD
LANSDALE PA PARKING AUTHORITY PARKING REVENUE
BOND 7.70%DATED 08/15/86 DUE 08/15/2006
08/11/86 $25,000 PURCHASED
06/29/90 25,000 SOLD
UNITED STATES OF AMERICA TREASURY NOTES 11.50%
DATED 10/05/83 DUE 10/15/90
11/14/85 $25,000 DECREED
02/01/90 25,000 SOLD
17
$20,850.00
20,850.00
$15,000.00
15,000.00
$9,750.00
9,750.00
,
$26,350.00
26,350.00
$25,000.00
25,000.00
$24,781.25
24,781.25
JOHN S.SKELLY,DECEASED
PRINCIPAL CAPITAL CHANGES (CONTINUED)
FEDERATED AUTOMATED GOVERNMENT MONEY TRUST
$54,800 PURCHASED 11/05/85 -12/26/85
54,800 REDEEMED 11/14/85 -06/03/86
FEDERATED TAX-FREE INSTRUMENTS TRUST
$188,600 PURCHASED 12/03/85 -12/02/86
188,600 REDEEMED 12/13/85 -12/09/86
FEDERATED TAX-FREE TRUST
$32,700 PURCHASED 12/09/86 -12/16/86
12/26/86 32,700 REDEEMED
FEDERATED TRUST FOR SHORT-TERM UNITED STATES
GOVERNMENT SECURITIES FUND
$340,700 PURCHASED 12/26/86 -08/02/90
304,300 REDEEMED 01/20/87 -08/02/90
$36,400
INCOME -PERSONALTY
ALL INCOME RECEIVED AND DISBURSEMENTS MADE TO .
APRIL 20,1990 (DATE OF LAST QUARTERLY STATEMENT)
HAVE BEEN ACCOUNTED FOR BY QUARTERLY STATEMENTS
RENDERED WILLIAM S.SKELLY
RECEIPTS
$54,800.00
54,800.00
$188,600.00
188,600.00
$32,700.00
32,700.00
$340,700.00
304,300.00
$36,400.00
BALANCE IN ACCORDANCE WITH LAST QUARTERLY
STATEMENT DATED APRIL 20,1990 $0.01
BELL ATLANTIC CORPORATION,COMMON
300 SHARES 05/02/90 $
600 SHARES 08/02/90
EXXON CORPORATION,COMMON
1,600 SHARES 06/12/90
FPL GROUP,INCORPORATED,COMMON
1,200 SHARES 06/18/90
GENERAL ELECTRIC COMPANY,COMMON
940 SHARES 04/26/90 -07/26/90
18
354.00
354.00 v 708.00
960.00
708.00
883.60
r--------------------------------------------.-~-----...,
JOHN S.SKELLY,DECEASED
RECEIPTS
(CONTINUED)
INTERNATIONAL BUSINESS MACHINES
CORPORATION,COMMON
300 SHARES 06/12/90
PENNSYLVANIA POWER AND LIGHT COMPANY,
COMMON
400 SHARES 07/03/90
PPG INDUSTRIES,INCORPORATED,COMMON
1,600 SHARES 06/13/90
ROHM AND HAAS COMPANY,COMMON
700 SHARES 06/04/90
UNITED TECHNOLOGIES CORPORATION,
COMMON
667 SHARES 06/12/90
USF&G CORPORATION,$4.10 EXCHANGEABLE
CONVERTIBLE PREFERRED
500 SHARES 05/01/90 -08/01/90
AVNET,INCORPORATED CONVERTIBLE
SUBORDINATED DEBENTURE BOND 8%
$10,000 01/01/90 -07/01/90
CHELTENHAM TOWNSHIP PA SCHOOL
DISTRICT BOND 7.80%
$20,000 12/01/89 -06/01/90
CIGNA CORPORATION CONVERTIBLE
SUBORDINATED DEBENTURE BOND 8.20%
$30,000 01/10/90 -07/10/90
FEDERAL HOME LOAN BANKS BOND 8.40%
$20,000 12/25/89 -06/25/90
FRANKLIN TOWNSHIP PA MUNICIPAL
SANITATION AUTHORITY GUARANTEED
REVENUE AMBAC INSURED BOND 7.05%
$15,000 01/01/90 -07/09/90
LANSDALE PA PARKING AUTHORITY
PARKING REVENUE BOND 7.70%
$25,000 02/15/90 -07/09/90
19
$363.00
298.00
672.00
210.00
300.15
1,025.00
400.00
780.00
1,230.00
840.00
552.25
770.00
JOHN S.SKELLY,DECEASED
RECEIPTS
(CONTINUED)
PHILADELPHIA PA SCHOOL DISTRICT
AMBAC INSURED BOND 9%
$40,000 01/01/90 -07/01/90
UNITED STATES OF AMERICA TREASURY
NOTES 7.25%
$30,000 11/15/89 -05/15/90
UNITED STATES OF AMERICA TREASURY
NOTES 8.50%
$20,000 11/15/89 -05/15/90
FEDERATED TRUST FOR SHORT-TERM UNITED
STATES GOVERNMENT SECURITIES FUND
04/01/90 -07/31/90
TOTAL INCOME RECEIPTS
INCOME -PERSONALTY
DISBURSEMENTS
.'
$1,800.00
1,087.50
850.00
673.78
~$15,111.29
06/05/90 WASHINGTON COUNTY
1990 PERSONAL PROPERTY TAX
THE UNION NATIONAL BANK OF PITTSBURGH
ANNUAL PRINCIPAL COMPENSATION
04/23/90 -07/23/90
THE UNION NATIONAL BANK OF PITTSBURGH
INCOME FEES
04/24/90 -07/25/90
INCOME DISTRIBUTIONS FOR BENEFICIARIES
DISTRIBUTIONS IN ACCORDANCE WITH PARAGRAPH
FOURTH OF THE WILL:
(b)
ESTATE OF WILLIAM S.
SKELLY,DECEASED
ACCRUED NET
INCOME
07/19/90 $4,246.49
20
$
$
468.97
950.23
836.67 -------2,255.87
JOHN S.SKELLY,DECEASED
INCOME DISTRIBUTIONS FOR BENEFICIARIES (CONTINUED)
DISTRIBUTIONS IN ACCORDANCE WITH PARAGRAPH
FOURTH OF THE WILL:(CONTINUED)
ROBERT SKELLY
ACCOUNT NET
INCOME
07/20/90
LINDA KOSAR
ACCOUNT NET
INCOME
07/20/90
$1,002.28
1,002.28 $6,251.05
(c)
JOHN S.SKELLY,JR.
ACCOUNT NET INCOME
07/20/90
TOTAL INCOME DISTRIBUTIONS
TOTAL INCOME DISBURSEMENTS
21
6,251.07
$12,502.12 L-
$14,757.99 ~
"------------------------------~-~---
,''lI ',4'
CO~10NWEALTH OF PENNSYLVANIA
SS:
COUNTY OF ALLEGHENY
ROBERTA L.MILLIGAN,Trust Officer of THE UNION NATIONAL BANK OF
PITTSBURGH,Trustee Under Will of John S.Skelly,Deceased,hereby
declares under oath that she has fully and faithfully discharged the
duties of her office;that the foregoing First And Partial Account is true
and correct,and fully discloses all significant transactions occurring
during the accounting period;that all known claims against the trust have
been paid in full;that,to her knowledge,there are no claims now
outstanding against the Trust Estate;and that all taxes presently due
from the trust have been paid.
THE UNION NATIONAL BANK OF PITTSBURGH
,
Trust Offie
this
Notarial Seal
Kath!een M.Cramer,Notary PublicPJltsb~Jl"Qh,Allegheny CountyMyCommlSsJOnExpiresJuly26,1993 REQUEST FOR DISTRIBUTION
Member,PennsylvaniaAssociation of Notaries
Accountant requests that distribution be determined by the Court in
accordance with the Petition for Distribution to be offered in evidence at
the audit of this account.
THE UNION NATIONAL BANK OF P~TTSBURGH
BY I!wu(p,um~
Trust Offi r
---'
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(1l.i4Y <,
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Washington CountY.:SS,
I do certify that I have given legal notice to all persons
con.cemed of the filing of.he within account in the manner pre-
scribe,{by Statue af~d Rule 0;'CO"t£,as evi.denced by prau/s
tl-HUCQf liled to No.&,.3,-ttl 0 -6 "1 'f 0
Witness my hand and official seal this ..~.~~daYof.":",,,"~,,,,19..t..q".
u~.:£!~__Q&'~~_
"",4..Regiskr ofW~1I7
/Jj[/97 fe'S IfJ-/91-
--------------------------------_..-----------
.l
l
'.j
In the Court of Common Pleas of Washington countYf,;""'!"F"r"'H"""t,tlliJ I C(Ur I,'f Ll::>
Pennsy1vania orphans'Court Division WASHiNGTON CO.,PA
ESTATE OF
JOHN S.SKELLY,
DECEASED,TRUST FOR
WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
No.63 -69-0118
In the matter of the First and
Final
Account of The Union National Bank
of Pittsburgh,Successor Trustee
ADJUDICATION AND DECREE
And now October ~,1990,this matter
having came on for hearing,audit and distribution and testimony
taken;upon due consideration thereof,the balance for distribution
in the hands of the Accountant is determined to be $454,930.87 and
the account is accordingly confirmed;and it is ordered,adjudged
and decreed that the said balance be paid out by the Accountant in
accordance with the schedule of distribution hereto attached and
made a part hereof,unless exceptions hereto,be filed sec.reg.or
an appeal taken herefrom sec.leg.
SCHEDULE OF DISTRIBUTION
"
$5,252.83
20,000.00
$25,252.83
Balance per account
Additional Debit per Petition
Add advance distribution
Additional Credit per Petition
Balance
$458.78
$430,136.82
$455,389.65
$454,930.87
Attorney G.Donald Gerlach,Esquire
Reed,Smith,Shaw and McClay
.~
I
To:
J
I
The Union National Bank of Pittsburgh,
Successor Trustee under the will of
John S.Skelly,Deceased,Trust for
John Scott Skelly,Jr.
1/2 share residue per
Schedule filed,viz:
Principal -Personalty
Stocks
300 shares Bell Atlantic
Corporation,Common $9,790.00
800 shares Exxon Corporation,
Common 9,014.00
600 shares FPL Group,
Incorporated,Common 8,363.50
470 shares General Electric
Company,Common 6,319.74
150 shares International
Business Machines Corporation,
Common 11,947.87
800 shares PPG Industries,
Incorporated,Common 4,840.00
200 shares Pennsylvania Power
and Light Company,Common 7,188.00
350 shares Rohm and Haas
Company,Common 3,375.75
250 shares USF&G Corporation,
$4.10 Exchangeable Convertible
Preferred 12,465.45
300 shares united Technologies
Corporation,Common 9,050.97
Bonds
$4,000 Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $3,865.00
$10,000 Cheltenham Township,
PA School District 7.80%
dated 7/1/86 due 6/1/98 10,000.00
$16,000 Cigna Corporation,
Convertible Common Subordinated
Debenture 8.20%dated 6/1/88
due 7/10/2010 16,858.66
-2-
·'
$20,000 Philadelphia,PA
School District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 $20,000.00
Notes
$30,000 united states of
America Treasury 7.25%dated
11/15/86 due 11/15/96
$10,000 united states of
America Treasury 8.50%dated
11/15/88 due 11/15/91
$30,000 united states of
America Treasury 8.375%dated
2/15/90 due 2/15/93
Cash Due 9/13/90
Income -Personalty
Cash Due 9/13/90
27,843.75
$9,856.25
29,957.10
$200,736.04
24,285.32
$225,021.36
2,573.67
$227,595.03
Issue of William S.Skelly,deceased
To:The Union National Bank of Pittsburgh,
Successor Trustee under the will of
John S.Skelly,Deceased,Trust for
Linda Kosar
1/4 share residue per
Schedule filed,viz:
Principal -Personalty
Stocks
150 shares Bell Atlantic
Corporation,Common $4,895.00
400 shares Exxon Corporation,
Common 4,507.00
300 shares FPL Group,
Incorporated,Common 4,181.75
235 shares General Electric
Company,Common 3,159.87
75 shares International
Business Machines Corporation,
Common 5,973.94
-3-
400 shares PPG Industries,
Incorporated,Common $2,420.00
100 shares Pennsylvania Power
and Light Company,Common 3,594.00
175 shares Rohm and Haas
Company,Common 1,687.88
125 shares USF&G Corporation,
$4.10 Exchangeable Convertible
Preferred 6,232.72
150 shares united Technologies
Corporation,Common 4,525.49
Bonds
$3,000 Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $2,898.75
$5,000 Cheltenham Township,
PA School District 7.80%
dated 7/1/86 due 6/1/98 5,000.00
$7,000 Cigna Corporation,
Convertible Common Subordinated
Debenture 8.20%dated 6/1/88
due 7/10/2010 7,375.67
$10,000 Federal Home Loan
Banks 8.40%dated 6/25/87
due 6/25/92 9,925.00
$10,000 Philadelphia,PA
School District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 10,000.00
Notes
$5,000 united states of
America Treasury 8.50%dated
11/15/88 due 11/15/91
$15,000 United states of
America Treasury 8.375%dated
2/15/90 due 2/15/93
Cash Advanced outright to
Linda Kosar
Cash Due 9/13/90
-4-
$4,928.13
14,978.55
$96,283.75
10,000.00
6,097.34
$112,381.09
,,.---------------------------------------------·.
Income -Personalty
Cash Due 9/13/90 $1,286.84
$113,667.93
To:The Union National Bank of Pittsburgh,
Successor Trustee under the will of
John S.Skelly,Deceased,Trust for
Robert Skelly
1/4 share residue per
Schedule filed,viz:
Principal -Personalty
Stocks
150 shares Bell Atlantic
Corporation,Common $4,895.00
400 shares Exxon Corporation,
Common 4,507.00
300 shares FPL Group,
Incorporated,Common 4,181.75
235 shares General Electric
Company,Common 3,159.87
75 shares International
Business Machines Corporation,
Common 5,973.94
400 shares PPG Industries,
Incorporated,Common 2,420.00
100 shares Pennsylvania Power
and Light Company,Common 3,594.00
175 shares Rohm and Haas
Company,Common 1,687.87
125 shares USF&G Corporation,
$4.10 Exchangeable Convertible
Preferred 6,232.73
150 shares United Technologies
Corporation,Common 4,525.48
Bonds
$3,000 Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $2,898.75
-5-
$5,000 Cheltenham Township,
PA School District 7.80%
dated 7/1/86 due 6/1/98 $5,000.00
$7,000 Cigna Corporation,
Convertible Subordinated
Debenture 8.20%dated 6/1/88
due 7/10/2010 7,375.67
$10,000 Federal Home Loan
Banks 8.40%dated 6/25/87
due 6/25/92 9,925.00
$10,000 Philadelphia,PA
School District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 10,000.00
Notes
$5,000 united States of
America Treasury 8.50%dated
11/15/88 due 11/15/91
$15,000 united States of
America Treasury 8.375%dated
2/15/90 due 2/15/93
Cash Advanced outright to
Robert Skelly
Cash Due 9/13/90
Income -Personalty
Cash Due 9/13/90
$4,928.12
14,978.55
$96,283.73
10,000.00
6,097.34
$112,381.07
1.286.84
-6-
$113,667.91
$454,930.87
.,.
(l'••
,.
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
MARIE C.SKELLY,
DECEASED.
LLJ co <:1:li___U')0.:.<rJ?_.•J1
cSC)._._,c::::::~~~(~)
I':":::J ~J......~._-:;''''''
L.t._,l C)(::..)f:':::.~~.c::1'c':>:.':1--1,_\".$I..c__'C?,i---1"-···..(..r):c~<:./"):"-In C5(;::)::1=~:..:)-'''i.:!fO'l.~l c/)...,Oi._u::':.......cl._t::J C)-.".
C'~en :>-
ORPHANS'COURT DIVISION
NO.63-69-0118
BRIEF RE.DISCLAIMER OF LINDA
KOSAR
"CODE "
TRUST UNDER WILL
PRESENTED ON BEHALF OF LINDA
KOSAR
COUNSEL OF RECORD FOR
LINDA KOSAR:
JOSEPH W.CONWAY,ESQUIRE
PA.I.D.NO.00470
828 SOUTH PIKE ROAD
SARVER,PA 16055
(412)295-5244
I •
BRIEF RE.DISCLAIMER OF LINDA KOSAR
AND NOW comes Linda Kosar,through her attorney,Joseph
William Conway,Esquire,and submits the following brief.
Statement of Facts
Linda Kosar (Kosar)and Robert Skelly are the sole
beneficiaries of this testamentary trust (Trust).
--One of the assets of the Trust is a mortgage (Mortgage),on
which principal and interest has been delinquent since January of
1987.
As one of the sole beneficiaries of the Trust,Kosar has
filed a disclaimer of any interest in the Mortgage in favor of
Robert Skelly (Kosar Disclaimer).
In its Petition for Distribution,the Trustee has requested
that the Court decide three issues.
The first issue involves the interest,if any,of Kosar's
two children in the Mortgage in view of the Kosar Disclaimer.
This issue has been resolved by such children's disclaimers of
any interest in the Mortgage.A copy of the children's
disclaimers,which have been filed with the Register of Wills,
are attached hereto and collectively marked Exhibit "A".
The second issue involves the interest,if any,of the
Trust's life-tenant in the interest due on the Mortgage.During
his lifetime,the life-tenant waived his right to receive the
Mortgage interest.Exhibit "A",paragraph (C)to Trustee's
f •
"Petition for Distribution".The life-tenant died on May 10,
1990.Any interest due to the estate of the life-tenant was
waived on the record at the audit of the Trust on October 12,
1990 and by a written disclaimer executed by the life-tenant's
administrators.A copy of the administrator's disclaimer,which
has been filed with the Register of Wills,is attached hereto and
marked Exhibit "B".
The remaining issue involves the validity of the Kosar
Disclaimer in view of Kosar's pending bankruptcy proceeding.
The trust settlor,Marie C.Skelly,died in 1981.Kosar
filed a bankruptcy petition in December of 1986.Kosar's
interest in the Trust did not vest until the death of the Trust's
life-tenant in May of 1990.
Paragraph EIGHTH(A)of the Trust contains the following
spendthrift provision.
-The interests of the beneficiaries under this Will
shall not be subject to anticipation or to voluntary or
involuntary alienation and the corpus and income shall
be paid by the Trustee directly to or for the use of
the beneficiary entitled thereto,without regard to any
assignment,order,attachment or claim whatever.
Issue
The Trustee has raised the issue "whether Kosar's interest
in the [Mortgage]is an asset of [Kosar's]bankrupt estate,which
would preclude her from disclaiming any interest in the
[Mortgage]".Exhibit "A",paragraph (A)to "Trustee's Petition
for Distribution".
2
--------~
Argument
I ,
--------------------------------------,I
!
1
Under the federal Bankruptcy Code (Code),any interest of
Kosar in the Mortgage was not part of her bankruptcy estate
because
(a)it was subject to a spendthrift trust restriction
and
(b)it was acquired more than 180 days after Kosar
filed her bankruptcy petition.
Under the Pennsylvania Probate,Estates and Fiduciaries
Code,Kosar's Disclaimer relates back to the date of the
settlor's death in 1981 and,for purposes of determining the
rights of other parties,is equivalent to Kosar's having died
before the settlor.Therefore,under Pennsylvania law,Kosar had
no interest in the Mortgage which would have been an asset of her
bankruptcy estate in 1986.
Discussion
Resolution of the Trustee's issue requires initial
consideration of the Code and then consideration of pennsylvania
law.
Under the prov~s~on of the [Code],the interest of the
beneficiary,if it cannot be transferred by him and
cannot be reached by his creditors,does not pass to
his trustee in bankruptcy.
Restatement (Second)of Trusts,§152,comment (1).
The basis for this rule is Section 54l(c)(2)of the Code,
which provides that
a restriction on the transfer of a beneficial interest
of the debtor in a trust that is enforceable under
applicable nonbankruptcy law is enforceable under this
title.
3
i--------.--..
,"
11 U.S.C.A.§541 (c)(2).
For purposes of this Code section,"applicable"
nonbankruptcy law [is interpreted]to mean state spendthrift
law."See In~.Hysick,90 B.R.770 (Bkrtcy.E.D.Pa.1988).
Thus,Kosar's bankruptcy estate does not include the
Mortgage if '
(a)Kosar's right to transfer a beneficial interest in
the Mortgage was restricted from alienation or attachment
under the terms of the Trust and
(b)if so,the restriction is enforceable as a
spendthrift trust provision under Pennsylvania law.
11 U.S.C.A.§541(c)(2).
The terms of the testamentary Trust do restrict the transfer
of the Mortgage by the following language:
The interests of [Kosar]shall not be subject to
anticipation or to voluntary or involuntary alienation
and the corpus and income shall be paid by the Trustee
directly to or for the use of the beneficiary entitled
thereto,without regard to any assignment,order,
attachment or claim whatever.~EIGHTH (A)
This language creates a spendthrift trust.See,~,
Wilson y.U.S.,372 F.2d 232 (3rd Cir.1967),citing In rep
Keelers Estate,334 Paw 225,3 A.2d 413 (1939).
Further,the vesting of an interest in the Trust assets was
subject to a condition precedent.Namely,Kosar had to survive
the life-tenant.If Kosar failed to survive the life-tenant,the
interest in the Trust would have passed to Kosar's children and
not to her estate.will of Marie C.Skelly,paragraph SIXTH.
Since Kosar was "entitled to have the principal conveyed to [her]
4
at a future time,a restraint on the voluntary or involuntary
transfer of [her]interest in the principal is valid".
Restatement (Second)of Trusts,§153(1)and illustration 1.
Accord:Riverside Trust Co.y.Twitchell,342 Pal 558,20 A.2d
768 (1941);Heyl Estate,352 Pal 407,43 A.2d 130 (1946);Dept.
of Public Welfare,Pal ,528 A.2d 1335 (Pa.1987).
Thus,the Trust was a spendthrift trust under Pennsylvania
law and,only upon the death of the life-tenant,did an interest
in the Mortgage vest in Kosar as a surviving remainderman.
The Trust came into being when the decedent died in 1981.
Kosar filed her bankruptcy petition in 1986.At that time,
Kosar's beneficial interest in the Trust,if any,(a)was
restricted by its spendthrift provision and (b)was not vested
because of the requirement that Kosar survive the life-tenant,
who did not die until 1990.
Under Code Section 541(a)(5),any interest in property
acquired by Kosar "by bequest,devise or inheritance"more than
180 days after she filed her bankruptcy petition is not a part of
her bankruptcy estate.
-Under pennsylvania law,Kosar's Disclaimer "relates back for
all purposes to the date of the death of decedent"in 1981 and
"shall,for purposes of determining the rights of other parties,
be equivalent to [Kosar's]having died before the decedent".20
Pal C.S.A.§6205(a),(b)
Consequently,Kosar never had an interest in the Mortgage
for purposes of the Code.
5
Conclusion
It is respectfully submitted that,under Pennsylvania law
and the Code,Kosar's Disclaimer is valid and she has no interest
in the Mortgage which would be part of her bankruptcy estate.
Respectfully submitted,
(
((
REGISTER OF WILLS OF WASHINGTON COUNTY,PENNSYLVANIA
ESTATE OF MARIE C.SKELLY,
Deceased.
)
)
)
No.63-81-0431
DISCLAIMER
•
(
1.I,Kristin Kosar,am the contingent beneficiary of Linda
Kosar,my mother.
2.Linda Kosar is a surviving remainderman of a trust
created pursuant to paragraph Sixth (A)(1)(c)of the "Last Will
and Testament"of Marie C.Skelly,deceased,dated August 31,
1967 (Trust).
3.One of the assets of the Trust is a mortgage dated
August 13,1978 and filed in the Allegheny County Recorder of
Deeds Office in Mortgage Book Volume 6648,Page 309,in which
Linda Kosar is a mortgagor and Marie C.Skelly is the mortgagee
(Mortgage)"
4.Linda Kosar has disclaimed her interest in the Mortgage
by filing Disclaimers with the Recorder of Wills of washington
County,PA at No.63-81-0431 and the Recorder of Deeds of
Allegheny County,PA in Volume 10953,Page 109.
5.I hereby absolutely and forever disclaim in favor of and
assign and transfer to Robert Skelly all of my right,title and
interest in and to the Mortgage and in and to any and all
property,real,personal or mixed,which is,may be or will be
received in connection with or for the Mortgage,whether it be by
EXHIBIT "A"
(
I,
(payment,satisfaction and/or exchange.Further,I hereby abso-
lutely and forever disclaim any distributions,payments,
considerations and/or other interests in connection with or with
regard to the Mortgage,whether from the Trust,Robert Skelly or
otherwise.
(
•Intending to be legally bound hereby,the undersigned has
set his hand and seal this~~day of October,1990.
SWORN TO and subscribed
before me this ~day of
Cl!J7Jp£/(;,1990 0
~·!d,m~.
Notary
.-------..--NOi8i18J seaJ
Karin B.Maurie,NolaIy PublicEl/!do8VIlIeBoro.AIIegheily CountyMy~ExpiresOCt 16.1993
.Assoclation of No!a.ies
(
(
,I
REGISTER OF WILLS OF WASHINGTON COUNTY,PENNSYLVANIA
ESTATE OF MARIE C.SKELLY,
Deceased.
)
)
)
No.63-81-0431
••DISCLAIKBR
(
1.I,Kevin Kosar,am the contingent beneficiary of Linda
Kosar,my mother.
2.Linda Kosar is a surviving remainderman of a trust
created pursuant to Paragraph Sixth (A)(1)(c)of the "Last Will
and Testament"of Marie C.Skelly,deceased,dated August 31,
1967 (Trust).
3.One of the assets of the Trust is a mortgage dated
August 13,1978 and filed in the Allegheny County Recorder of
Deeds Office in Mortgage Book Volume 6648,Page 309,in which
Linda Kosar is a mortgagor and Marie C.Skelly is the mortgagee
(Mortgage).
4.Linda Kosar has disclaimed her interest in the Mortgage
by filing Disclaimers with the Recorder of Wills of Washington
County,PA at No.63-81-0431 and the Recorder of Deeds of
Allegheny County,PA in Volume 10953,Page 109.
5.I hereby absolutely and forever disclaim in favor of and
assign and transfer to Robert Skelly all of my right,title and
interest in and to the Mortgage and in and to any and all
property,real,personal or mixed,which is,may be or will be
received in connection with or for the Mortgage,whether it be by
((
(payment,satisfaction and/or exchange.Further,I hereby abso-
lutely and forever disclaim any distributions,payments,
considerations and/or other interests in connection with or with
regard to the Mortgage,whether from the Trust,Robert Skelly or
otherwise.
Intending to be legally pound hereby,the undersigned has
set his hand and seal this £day of October,1990.
~.iiM _
Kevin Kosar
SWORN TO and subscribed
before me this /9~day of
~O:rb6e~il_,1990.
(
NotarialSeal~n B.Maurie.Notary Pub/'
Bridgeville 80m.Al/egOOl'j Cou~
My Commission Expires Oel.16,1993
Member,Pennsylvania~ofNotaIie8
(
\.
REGISTER OF WILLS OF WASHINGTON COUNTY,PENNSYLVANIA
ESTATE OF MARIE C.SKELLY,
Deceased.
)
)
)
NO.63-81-0431
(
WAIVER AND DISCLAIMER OF CLAIM
FOR MORTGAGE INTEREST
AND NOW come Linda Kosar and Robert Skelly and on the basis
of the statements hereinafter set forth,waive and disclaim on
behalf of the Estate of William S.Skelly (Estate)and
individually any interest due from the Marie C.Skelly Trust
(Trust)to the Estate by virtue of a first mortgage from John C.
Kosar and Linda S.Kosar due December 1,2008 (Mortgage).
1.Linda Kosar and Robert Skelly are the Administrators
c.t.a.of the Estate,as evidenced by the attached certification
of the grant of Letters of Administration c.t.a.issued by the
Allegheny County Register of Wills on June 29,1990,and are
hereinafter collectively referred to as "Administrators".
2.Administrators are also the sole beneficiaries of the
Estate.
3.In a Petition for Distribution filed by Union National
Bank (UNB)for the Trust,UNB in its capacity as the successor
trustee for the Trust raised the issue as to
whether the interest [on the Mortgage]in arrears is a
debt due from the Trust to the ~state of William S.
Skelly and whether such debt can be offset against the
distributive share due Linda Kosar in his estate.
Petition for Distribution paragraph (C).
EXHIBIT "B"
•
I .((
'I-
/,/-I}
4.In order to resolve the issue and without admitting or
denying that any such interest is a debt due from the Trust to
the Estate,Administrators in their capacities as administrators
c.t.ao of the Estate and individually as the sole beneficiaries
of the Estate do hereby waive and disclaim any interest due to
the Estate from the Marie C.Skelly Trust.
Linda Kosar
)J/~~_
RoberflkellY
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF Aile 9t~'"-I
)
)ss:
)
(
On this IqrJ,f-day of October,1990,before me a Notary
public,the undersigned officer,personally appeared Linda Kosar
and Robert Skelly,known to me to be the persons whose names are
subscribed to the within instrument and acknowledged that they
executed the same for the purposes herein contained.
IN WITNESS WHEREOF,I hereunto set my hand and official
seal.
Notary Public
i .....\,""
JII()I..W 20 a",\'...(.
.t<.egister of Wills of-A~~y County,Pennsylvania 56 !
1990
24573N9;Commonwealth of Pennsylvania,}"ss-i ALLEGHENY COUNTY •
I
I N 4756 o~I O.II --_
I
~I,RITA WILSON KANE,Register of \ViIls in and for the County of Allegbenyin
;the Commonwealth of Pennsylvania,DO HEREBY CERTI FY that on the 29th,
:day of ~~ne ,19__~LETTERS ~_~__Admin_1strat1on c.t.a.,
on the Estate of __W_IL_L_IAM__S._SKE_L_LY _
(
___________deceased,were granted to _LIND~KOS~&RO~_ER~SKELLY _
•having fi~st been qualified_!Vell and truly to administer the same.And,I further certify that
:no revocation of said Letters appears of record in my office.
Date of Death May 10,1990
..130-09~7018SocIalSecurItyNo._._
(
'"
,......;••.•":'0"'-:.'.'..,_,.:~.''.;
NOT VALID WITHOUT ORIGINAL SIGNATURE AND IMPRESSED SEAL
!'
CERTIFICATE OF SERVICE
The undersigned hereby certifies that a true and correct
copy of the foregoing BRIEF RE.DISCIAIMER OF LINDA KOSAR
was served upon the below-named counsel this 8th day of
November 1990,by placing the same in the United States mail,
postage prepaid,addressed as follows:
Vernadean S.Passode1is,Esquire
Reed,Smith,Shaw &McClay
Mellon Square,435 6th Avenue
Pittsburgh,PA 15219-1886
a
..$-'I (r-e ~;==-~-"~~~
,...0 I '!"~.',.!..
NO.63-69-0118
I.
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ESTA1E OF MARIE C.SKElLY
BRIEF HE.DISCLAIMER
OF LTIIDA KOSAR
JOSEPH WILLIAM CONWAY
ATTORNEY AT LAW
828 SOUTH PIKE ROAD
ROUTE 28 1;\ROUTE 356
SARVER,PENNSYLVANIA 16055
(412)295-5244
~;,,;,--I ';
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
J
JOHN S.SKELLY,
DECEASED
ORPHANS'COURT DIVISION
No.63-69-0118
CHANGE OF ADDRESS OF COUNSEL
FOR LINDA KOSAR
PRESENTED ON BEHALF OF LINDAKOSAR
....L_'("•.!~1---_::1'<.:-.r::{'"....1 0('~--........,'\l...•••_••
(''oJ:i:..............."
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"CODE "
TRUST UNDER WILL
COUNSEL OF RECORD FOR
LINDA KOSAR:
JOSEPH W.CONWAY,ESQUIRE
PA.~.D.NO.00470
828 SOUTH PIKE ROAD
SARVER,PA 16055
(412)295-5244
,
I '
,------
I
.;;.
CHANGE OF ADDRESS OF COUNSEL FOR LINDA KOSAR
Please be advised that,as of April 1,1991,the
address of counsel for Linda Kosar will be 2510 One PPG
Place,Pittsburgh,PA (15222)and all pleadings,
correspondence and other documents concerning this case
should be directed to this address commencing April 1,1991.
J uire
•
CERTIFICATE OF SERVICE
The undersigned hereby certifies that a true and correct
copy of the foregoing
LINDA KOSAR
CHANGE OF ADDRESS OF COUNSEL FOR
•
was served upon the below-named counsel this ~day of MARCH
199~by placing the same in the United States mail,
postage prepaid,addressed as follows:
Vernadean S.Passodelis,Esquire
Reed,Smith,Shaw &McClay
Mellon Square,435 6th Avenue
Pittsburgh,PA 15219-1886
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED F/B/O
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
PETITION FOR TERMINATION OF
TRUST
Filed on behalf of:
National City Bank of
Pennsylvania,Trustee
Counsel of Record for this
Party:
-.....1
.._-...~...
:,-.~.~
:.J~......
...'",......,--,.'"~-,"'-_....~L..LJ...,....----
C",
c.
~',::3 -.
";"-_::r--·C·
Elizabeth S.Athol,Esquire
PA.I.D.No.44814
Lovett Bookman Harmon Marks LLP
Fifth Avenue Place,Suite 2900
120 Fifth Avenue
Pittsburgh,PA 15222
(412)392-2506
00014598
6/2/2004 11:09 AM
,"
"1
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED F/B/O
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
PETITION FOR TERMINATION OF TRUST
TO THE HONORABLE,THE JUDGES OF SAID COURT:
The Petition of National City Bank of Pennsylvania
(successor to The Union National Bank of Pittsburgh),
("Petitioner"),Trustee of the trust created under the Will of
John S.Skelly for the benefit of Linda Kosar,respectfully
represents as follows:
1.John S.Skelly (the "Testator")died on January
22,1969 a resident of Washington County,Pennsylvania,leaving
a Will dated September 11,1954,a First Codicil thereto dated
November 5,1958 and a Second Codicil thereto dated August 24,
1967,attached hereto,made a part hereof and marked as Exhibits
"A","B"and "C",respectively (said Will and Codicils
hereinafter collectively referred to as the "Will").
2.By Decree of This Honorable Court dated
December 20,1971,the residue of the estate of the Testator was
awarded to William S.Skelly,Marie C.Skelly and Equibank
(predecessor of Petitioner),as co-Trustees,to be held as one
fund for the benefit of the Testator's wife,Marie C.Skelly,
his sons,William Sherwood Skelly and John Scott Skelly,Jr.,
and the issue of his sons.
"
iT 'f ~
1 It I~t
3.Marie C.Skelly,t~e wife of the Testator,died on
April 18,1981 and the trust was continued as one fund for the
remaining beneficiaries in accordance with the provipions of the
Will.
4.The Will provides in Article Fourth thereof in
part as follows:
"(b)To pay to my son,William Sherwood Skelly,
at least semi-annually from the date of my decease so
long as he may live,one-half (1/2)of the remaining
income from said Trust and any accumulation thereof or
addition thereof,and upon his decease to pay over,at
least semi-annually,during the lifetime of my wife
said income share and share alike,per stirpes,to the
children of said William Sherwood Skelly or to the
issue of any of his deceased children;said issue of
his deceased children to have divided among them the
share which their parent would have received if
living.With the understanding that the children of
William Sherwood Skelly shall include any child or
children legally adopted by him as well as his natural
born children and the issue or descendant of any such
adopted children,shall be construed as the lineal and
the direct descendants of my said son,with the right
to share in my estate accordingly.Upon the death of
both my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,and during the period of twenty-one
(21)years thereafter to pay over,at least
semi-annually said income,share and share alike,per
stirpes,to the children of William Sherwood Skelly or
to the issue of any of his deceased children,said
issue of his deceased children to have divided among
them the share which their parent would have received
if living.Twenty-one (21)years after the death of
both of my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,to distribute the one-half (1/2)
portion of the principal of said Trust,together with
any accumulation thereof or addition thereto,share
and share alike,per stirpes,to the children of said
William Sherwood Skelly or to the issue of any of his
deceased children,said issue of his deceased children
to have divided among them the share which their
parent would have received if living at the time for
said distribution;and in the event that the said
-2-
fI '.f ~
,.) /.-.;~t
William Sherwood Skelly should die leaving no direct
descendants living at the time for said distribution,
then the aforesaid one-half (1/2)portion of the
principal of said Trust,together with any
accumulation thereof or addition thereto,shall
continue as part of this Trust,and said portion,
together with the right to be received and income
therefrom,shall inure to the benefit of the other
beneficiaries of said Trust Estate in the proportion
as the share of each of said remaining beneficiary
shall bear to the other or others.
(c)To pay to my son,John Scott Skelly,Jr.,at
least semi-annually from the date of my decease so
long as he may live,one-half (1/2)of the remaining
income from said Trust and any accumulation thereof or
addition thereof,and upon his decease to pay over,at
least semi-annually,during the lifetime of my wife
said income share and share alike,per stirpes,to the
children of said John Scott Skelly,Jr.or to the
issue of any of his deceased children;said issue of
his deceased children to have divided among them the
share which their parent would have received if
living.With the understanding that the children of
John Scott Skelly,Jr.shall include any child or
children legally adopted by him as well as his natural
born children and the issue or descendant of any such
adopted children,shall be construed as the lineal and
the direct descendants of my said son,with the right
to share in my estate accordingly.Upon the death of
both my son,John Scott Skelly,Jr.,and my wife,
Marie C.Skelly,and during the period of twenty-one
(21)years thereafter to pay over,at least
semi-annually said income,share and share alike,per
stirpes,to the children of John Scott Skelly,Jr.or
to the issue of any of his deceased children,said
issue of his deceased children to have divided among
them the share which their parent would have received
if living.Twenty-one (21)years after the death of
both of my son,John Scott Skelly,Jr.,and my wife,
Marie C.Skelly,to distribute the one-half (1/2)
portion of the principal of said Trust,together with
any accumulation thereof or addition thereto,share
and share alike,per stirpes,to the children of said
John Scott Skelly,Jr.or to the issue of any of his
deceased children,said issue of his deceased children
to have divided among them the share which their
parent would have received if living at the time for
said distribution;and in the event that the said John
-3-
f'
f'J I,'-'}•
I .'~
Scott Skelly,Jr.should die leaving no direct
descendants living at the time for said distribution,
then the aforesaid one-half (1/2)portion of the
principal of said Trust,together with any
accumulation thereof or addition thereto,shall
continue as part of this Trust,and said portion,
together with the right to be received and income
therefrom,shall inure to the benefit of the other
beneficiaries of said Trust Estate in the proportion
as the share of each of said remaining beneficiary
shall bear to the other or others."
5.Further,Articles Fourth and Fifth of the Will
provide as follows:
"FOURTH:I do hereby authorize and empower the
Trustee or Trustees designated by my Last Will and
Testament,their survivor or survivors and their
successors at their or its discretion,during the
period after the death of my son,William Sherwood
Skelly,and prior to final distribution of said Trust,
from and out of the Trust established by paragraph
'FOURTH'of my Last Will and Testament for the benefit
of my son,William Sherwood Skelly,to pay over and
deliver to his children,natural born or legally
adopted,and to his grandchildren,such amount of the
principal of said Trust,limited as hereinafter set
forth,as shall be necessary in situations wherein
money is needed;especially for the purposes (but not
limited thereto)of providing medical and hospital
expenses,for educational purposes,and for the
purchasing of a home;and also for medical and
hospital expenses for the wife,husband or children of
any of them;provided however,that any distribution
of principal made to any beneficiary by virtue of this
provision shall be charged to the representative share
of said beneficiary in the final distribution of said
Trust.The maximum distribution authorized by the
provisions of this paragraph shall be the sum of Ten
Thousand ($10,000)Dollars for each of the children of
William Sherwood Skelly,for his or her benefit or for
the benefit of his or her immediate family,
hereinabove designated.
FIFTH:I do hereby authorize and empower the
Trustee or Trustees designated by my Last Will and
Testament,their survivor or survivors and their
successors at their or its discretion,during the
-4-
"'
period after the death of my son,John Scott Skelly,
Jr.,and prior to final distribution of said Trust,
from and out of the Trust established by paragraph
'FOURTH'of my Last Will and Testament for the benefit
of my son,John Scott Skelly,Jr.,to pay over and
deliver to his children,natural born or legally
adopted,and to his grandchildren,such amount of the
principal of said Trust,limited as hereinafter set
forth,as shall be necessary in situations wherein
money is needed;especially for the purposes (but not
limited thereto)of providing medical and hospital
expenses,for educational purposes,and for the
purchasing of a home;and also for medical and
hospital expenses for the wife,husband or children of
any of them;provided however,that any distribution
of principal made to any beneficiary by virtue of this
provision shall be charged to the representative share
of said beneficiary in the final distribution of said
Trust.The maximum distribution authorized by the
provisions of this paragraph shall be the sum of Ten
Thousand ($10,000)Dollars for each of the children of
John Scott Skelly,Jr.,for his or her benefit or for
the benefit of his or her immediate family,
hereinabove designated."
6.William Sherwood Skelly,the son of the Testator,
died on May 10,1990.As a result of the death of the said
William Sherwood Skelly,The Union National Bank of Pittsburgh
(predecessor of Petitioner)filed an accounting and presented a
Petition for Distribution with respect to the trust.
7.Due to the fact that one-half of the ~unds,
initially held for the benefit of William Sherwood Skelly,or to
have been held for his children and,pursuant to the above-
quoted terms,will be available for distribution on May 10,2011
(21 years after the death of William S.Skelly),pursuant to a
Petition by the Trustee,your Honorable Court granted permission
for the establishment of three separate trusts pursuant to
Section 7191 of the Pennsylvania Estates and Fiduciaries Code.
Pursuant to an adjudication and Decree of this Honorable Court
dated October 26,1990,the trust was divided into three trusts,
-5-
,'
..I"I J
L 4"'-\'•
to-wit:one-half thereof held for the benefit of the Testator's
son,John Scott Skelly,Jr.;one-fourth thereof for the benefit
of Linda Kosar (the child of William Sherwood Skelly and
grandchild of the Testator);and one-fourth thereof for the
benefit of Robert Skelly (the child of William Sherwood Skelly
and grandchild of the Testator).The separate trust created for
Linda Kosar (hereinafter the "Trust"),is the subject Trust of
this Petition.
8.The Trust is to be distributed outright to Linda
Kosar on May 10,2011 (21 years after the death of
William Sherwood Skelly)if she is then living.
9.The trust estate of the Trust consists of cash and
securities valued as of May 28,2004 in the amount of $172,607.
10.Linda Kosar,the life beneficiary of the subject
Trust of this Petition (hereinafter the "Primary Beneficiary"),
has requested distribution to her of the entire trust estate of
her Trust due to severe financial hardship,and for the
termination of her Trust.
11.There are compelling reasons to support such
distribution including the following:
(a)The Trust is,under the terms of the Will,
distributable outright to her on May 10,2011.The Primary
Beneficiary is likely to survive to the termination and would at
that time be entitled to the entire trust estate of the Trust.
She is in good health and currently 61 years of age.
-6-
,..,',I
(b)The Trust currently consists of assets of
approximately $172,607,which amount is a small amount for
administration given the fees and expenses associated therewith.
(c)The Primary Beneficiary has severe financial
need,including a foreclosure action which has been commenced
against her home.Both the Primary Beneficiary and her husband,
John C.Kosar,are unemployed.
(d)Article Fourth of the Will,quoted in paragraph 5
of this Petition,specifically provides for discretionary
distributions of principal to the Primary Beneficiary as shall
be necessary in situations wherever money is needed,limited,
however to $10,000.The First Codicil setting forth said
Article Fourth was executed November 5,1958.The value of
$10,000 in 1958 was significantly greater than today.
12.The Primary Beneficiary has two children,Kevin
Kosar and Kristin Oxbrough,both of whom are living and are
sui juris.The son,Kevin Kosar,of the Primary Beneficiary has
no issue.The daughter,Kristin Oxbrough,of the Primary
Beneficiary,has two minor children,Alec Oxbrough and Caitlyn
Oxbrough.
13.Your Honorable Court has jurisdiction over this
matter as set forth in 20 Pa.C.S.A.§6102:
"SECTION 6102.TERMINATION OF TRUSTS.-(a)
Failure of original purposes.-The court having
jurisdiction of a trust heretofore or hereafter
created,regardless of any spendthrift or similar
provision therein,in its discretion may terminate
such trust in whole or in part,or make an allowance
from principal to one or more beneficiaries provided
the court after hearing is satisfied that the original
purpose of the conveyor cannot be carried out or is
-7-
~.I
,~"1.•\",'.
• ' I,
impractical of fulfillment and that the termination,
partial termination,or allowance more nearly
approximates the intention of the conveyor,and notice
is given to all parties in interest or to their duly
appointed fiduciaries.
(b)Distribution of terminated trust.-Whenever
the court shall decree termination or partial
termination of a trust under the provisions of this
section,it shall thereupon order such distribution of
the principal and undistributed income as it deems
proper and as nearly as possible in conformity with
the conveyor's intention.
(c)Other powers.-Nothing in this section
shall limit any power of the court to terminate or
reform a trust under existing law."
14.The Consent and Joinder of the Primary
Beneficiary and each of her children,all of whom are sui juris,
are attached as Exhibits "D","E"and "F",respectively.
15.All parties in interest who are sui juris consent
to the termination of the Trust and the distribution of the
Trust Estate to the Primary Beneficiary,waive a formal
accounting of Petitioner's administration of the Trust and
release and discharge the Petitioner from any and all liability
for its administration of the Trust.
16.Petitioner represents that the interests of minor
and unborn contingent remaindermen are represented by the sui
juris parties in interest who have consented to the relief
requested herein and therefore aver that under these facts it is
not necessary for this Honorable Court to exercise its authority
to appoint a guardian ad litem under 20 Pa.C.S.A.§751 as 20
Pa.C.S.A.§5165 provides:
"The court may dispense with the appointment of a
guardian ad litem when there is a living person sui
juris having a similar interest,or where the minor is
-8-
,.,,).,~.\'t;\,
issue of a living ancestor sui juris interested in the
estate whose interest is not adverse to that of the
minor."
17.Petitioner submits that this Honorable Court may
dispense with a hearing on this matter since all parties in
interest have joined in the Petition and consent to the relief
requested herein.
WHEREFORE,your Petitioner,pursuant to 20 Pa.C.S.A.
Section 6102,respectfulfY requests this Honorable Court to
terminate the Trust for failure of purpose and to order
distribution of the Trust Estate thereof to the Primary
Beneficiary.
NATIONAL CITY BANK OF PENNSYLVANIA
By
-9-
J I ~I I 11
COMMONWEALTH OF PENNSYLVANIA
SS:
COUNTY OF ALLEGHENY
Before me,a Notary Public,personally appeared
RICHARD J.GMITTER,Vice President of National City Bank,who,
being duly sworn according to law,deposes and says that:
1.He is a Vice President of National City Bank,
Trustee of the Trust created under the Will of
John S.Skelly for the benefit of Linda Kosar;
2.On behalf of National City Bank,he has caused the
foregoing Petition to be prepared;
3.As a Vice President of National City Bank,being
authorized to do so,he has read the foregoing
Petition and executed it by signing the name of
the Bank by himself as Vice President;and
4.The averments of fact contained in the foregoing
Petition are true and correct to the best of his
knowledge,infO~~
Richard~'tter
Vice President
My Commission Expires:
Notarial Seal
Christy R.Ricci,Notary Public
PittsburQh,Allegheny CQuntyMyCommissionExplr~s Jan.24,2005
Member,penneylvanlaAeeqCllql~otNotarieS~.'(fff
'"'."......~..,
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED F/B/O
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
CONSENT AND JOINDER
I,Linda Kosar,in my capacity as life tenant and
current Beneficiary of the Trust created for me under the Will
of John S.Skelly,hereby (i)consent to and join in the
attached Petition,(ii)waive a formal accounting of the
Trustee's administration of the Trust and (iii)release and
discharge the Trustee from any and all liability for its
administration of the Trust.
This consent shall bind me,my heirs,my issue born or
as yet unborn,my personal representatives and my assigns.
Dated:,2004--------Linda Kosar
Exhibit D
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED F/B/O
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
CONSENT AND JOINDER
I,Kevin Scott Kosar,in my capacity as a potential
beneficiary of the Trust created under the Will of John S.
Skelly for the benefit of Linda Kosar,hereby (i)consent to and
join in the attached Petition,(ii)waive a formal accounting of
the Trustee's administration of the Trust and (iii)release and
discharge the Trustee from any and all liability for its
administration of the Trust.
This consent shall bind me,my heirs,my issue born or
as yet unborn,my personal representatives and my assigns.
Dated:~,2004
Kevin Kosar
Exhibit E
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IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED F/B/O
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
CONSENT AND JOINDER
~({~~.xb h'.. II,~~1~t1fi 0 roug,ln my capaclty as a potentla
beneficiary of the Trust created under the Will of John S.
Skelly for the benefit of Linda Kosar,hereby (i)consent to and
join in the attached Petition,(ii)waive a formal accounting of
the Truste~'s administration of the Trust and (iii)release and
discharge the Trustee from any and all liability for its
administration of the Trust.
This consent shall bind me,my heirs,my issue born or
as yet unborn,my personal represent es and my assigns.
Dated:~,2004
Exhibit F
or:
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LAST WILL AND TES't'AMENt
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.!lg,HN SCOTT SKEL~
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Exhibit A
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!,JOHN SCOTT SICELty.ot ~he City ot Mon~ngahela,:
Wash1.QgtoD Couut:y,Pel\lusylvan1a.lIlak~and publ.bb.th:t.s .~LaSt :
Will 8lld Teat.8aIent.hereby revoking and makine:void all :~ortllel"
:!Wills by me at any tillle made.:1 I
'IR.§I:I direct that my Executors.hereinafter irMed..
\ahall •••-..'......1"".1,""y b.......pay aU my ~~t ••bt••
Ifuneral eX'pGne"$md &lXpense8 of the settlement or IIlJ'ui~11ate.in-!
dueling a ou1t$.ble mOU\1lqent to't'Illy bUrial place.~,. :
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I ,ivef dntss and ~eq,ueath unto my w:1i:~,Max"1e
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C.Skdly.as he~ab.solute pl."o}:lerty,all my pe:rsoaal etfl~cts such
,ILas3ewelr-y,hou~ahol¢!Urniturl!l and all othe1'articles oir dOll1estic
I;
and personal \\Sea.il '
I't hereby give"d.evbe and beq,ueath to 'l'hl~Firat
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I Rational Bank o.r McKeesport,Pennsylvania,or ita 8Uccesi~or'!!,I
I!Marie C.Skelly,l1y wite.&Qd William.Sherwood.S~!UY.IIIjr son,or
~the survivoi'or the last.two lDent.1on~d.,IN TRUST N!vn1'~~tESSf a.
Ii portion ot lIlT estateJ th$value o£which shall be ~xact~r the 3WR
II needed to obtain the lllaximum ma.rital deduct1o~in dst.erm!~nlng the
r "rr Fedar~estat.e tax on my estate,les6 the value ot othe1lproperty
n and.il1tereats passing,or that have paued,from me to Mit'wife J~Marie C.Skelly.otherw:1$8 than under-this paragraph ot j~'tlill.
f!but onl:r to the extent that said property or int.rests i!~induded~in my ~09:S estate tel'federal estate tax purposes and ii~allaw-~able as a mar1tal deduct!on,and in computing the valu~i~r the
,.property passing under this elaul5e,the tinal determinatllons ill
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the 'federal estate tax P,oceeding shall control and onli!l as~eta'
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".I~~~~il'&~~~I··hat ~\Jal1l'y tor ';>1d.d",'10.'100 "shaU ......UDder .bio .~i.oe:I .~~'"hold in the 5alDCl f'O:t2ll ill which 110 is received or.to Sel~j the 5aIIIe
I,~or any pan thereot,to IIW1l3',invest ~d reineat ancll~o collectII. .j.
:'and received tile ine01D8 ar:tS1rag thereft'OlIl.8IUl alter de~~ct:tng all
Jl8Cee,sarr expenS8G properly chargeable thereto,to pay ~b lilY'Wit.;
.·11 :Kane c.Skelly.the net ina:OIl8 ariatng theretroai in COilr'enlent _
'•I Iiftata1lment8~~t at 1ea$t leJld-annually from the date ~~Jrf '
.11deoease50longasl:Ihe 1ll&Y'Un.11.r.t b...by ....bo~..lind,'''POwer "I'said Wit.'o '0 4:....._.:
IlIIelltary cUspos1tion ot the,baJ,ance otthia trust;e~ateJr d.lrec~
Jltf said trustees to CCll1vey,traJlster,deliver .and pay 0 Irr too wcb
~person Or per$oQs,itlclud1ng 'he~e:5tat,"in ~ch proportl~ons and I~111 such manner,whether in trust or othendse,as abe.lIlajr direct~aod _bl.in,.....by bill"~.Will .....t.........ami 1d.fault ,
Ii Qt such t8Stl.lllle.ntal"y disposition.theft r direct that UPO~t the
,~death 01'T1l'f Bale!,wifo•.the bal811ce remaiuing ill $aId tru It estate:
~shall becoll1e a part ot and sha:t.l be d1spo3ed or in the III ~ner~.I ,~'l herdnatte~provided ror IA1 residUO\rY estat.e as 5et tort~lln the
Il ••i P'olU'th clau:se or this Illy Last Will and Testalll.ent•.,A1so,1~the .
~event that ftlY'said wito dO&:I ~ot :mrviv~'IIle t tben this p~lrtlon orI.Illy estate $b~be alided to Illy re'~1duary est.a:ti;]l~~
Ii ill .........y d.need 0Ild b.qu.~"'.d.In trust.by .~~.
;:,~~parqgrapll shall be held and a~in18tered by said trustee!~or~i ,!l~their 8UCCeSsorlJ,as a aeparato tnult to be known aa WTr~Ft A.",.~IIMFOU!t'1'H:I hereby ghet cieviGO and b~ClUe$th all th/~re:n..
I''IL.~rUic1\lo and remalnder ot·1Il1 e~ate,ot whatever ~atU1"8 Mir wherever
j,:situated,or whicQ I mar be entitled at the time of my del~ease to
II .l~me First National Bank ot McKeesport,Pennsyb'ania,01"'1 ~s :suc-r .IfC9$801"8I MaJ:o:te c.Skelly,II1Y wi1'8,<d W11118.111 Sherwood S ~el1y*lIlT
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I $on,Or thll survivor ot tbe last two mentioned,IN TRUST JEVERTHE-
"IlES~J to hold 1n the $~e form in Which it 1s received or!to sell..i
the same Or ,any part thereot,to mana;.,invest and re1nv!$t and
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~h~to collect and receive the 1ncoma arising ~~~rerrom,and ~~ter
Po deduct1ng all nac~ssary e~nsea properly char~able ther~~o,to
~adml~i~er ana distribute the same for the tollowl~g uses Iknd~1
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I!purposes:I!
U (a)To pay too Illy tdf'e.Mat'1e C..Skelly,a.t lej°!st .~'~II $eIU1.~uall1 trom the date ot my dccea$e Sa long as 5b8 I~Y live.
autt1c1l!1ot ot the !ll¢OIll$which whe~added to the 1nCO~Et ~'ICe1..,ed
by her tram the 'rru=s.t utabl1ahed in the Third paragra.ph 1lereol',~viU e~l otle-halt (I:)at the total 1neOllle trom both or ]lhe .
II Truo$t3 here})y established.~i lb)To poy to q "',Willi""Sbe""'o~SkOlly11 at .!16a~t 4e~-..nnual11 from the d.ate at Illy decea8l3 $0 long iLl'he ...y
fi 11.8,one-half (1)o't the relllaining income trolfJ,said '1'.l"Usll and any
11I::::'::::::.=:::;::'t=1::':"o:·jit;a:t:O'~u .~said income share and share alike,per ~tirpe~,to the c~ldrenor
1\.. .,I!.~said William Sherwood Skelly or to tha isSue or my 0+h1j~deceased
'fit Children;said ~s8Ue ot his decea~ed children to ha~e d1~~4ed.II!8JIIong them the share whiCh their parent would bave.:!Cel~rd.it
~~.living.With the linoerbtanding 'that qhildren of Wi1l1$J1lI~hetwCod'
I .J'.1 Skelly 8hall_include any c::hilt:l or .childre.n legally ad.oPtl~oy h1ul
~as well:a,his natural born children and the issue or de~~endants~ot any ~u~h adopted Children,'shall be con5t~~d ~$the ~~neal
::and the d1re\;t descendants of Jr'f said Ion.wi'th the r1gh~l foe)•I'01~"shue tn ~estate accordingly.Upon.th.e death ot both ~~SOil.
I'.i';William Sherwood Skelly_and my wite,~rle c.Skelly,~~during
:'. •II .~tohe period or t.""91\ty.one (21)years thereafter to pay oV~lr.at
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..least semi-annually said ucallle t shlU'e and share alike,'jisr
::~::~:rt:;::~l::.:~":~~:~:.:~,:~:t'::i:::~
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o1\11d1"ell to have d.bided.among them the sha,re '*hichtbej\r parent "II
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.would.ha'Ve ree.bed if'living.'l'wenffy...one (21.)years ~!ter ~~!...._.._~.~,.'
.'death ot both my .sOil,WiUi8lll Sherwood'Sk~Uy,and lIlT ~~e,:!. ,..---'~""~=""-""""""·""""it>~""""""".";f;.h~'".•11 r
KarieC.Skally,to distribute the one-halt (i)portiQni\Ot the
..:--.\~prbc1pal or said 'rfuat,toge~hel"nth any aocUfll\llat1on.l~h~reot i
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or additioD thG,~eto.share ed :share alike,p.er ~'t1t'pea,1 to the ~
cld1drekl o~n1d.WW1am Sherwood ~elly:or ~o the 1:SSU~\or any ,•
of hie deceased ch11dreD,sa1d 1S~8 of his 4eceased chiL~ren to •I'I
haYe d1v1<led IlIIlOftg them the =hare which their puent wouild have 't
received 1t l1v1Dg at the time rot'8ai~distribution;anl~in the l ,.Ir 't
"Int ttult ;he nld W1Ui.~h9rwood Skelly ahould ,dle 11tavur;DO,~
direct descendan1:s lhilig at the t1me tor said.distribut\loll,tben'
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the af'oresa1d oll8..balt (l)portion of the prine1pal or s~11d Trust,
htogotherwltb.any accUll1ula~1on therBof or addition ~here,\o,shall
I!~On,t1au8 as l part ot thiS Trust,al'\d said .port10h,toge~~er with,
~the right to receive an income therefrom,shall 1D:.ure to \\~he :
~I'benetlt of the othe~benetlc16rie3 Qt said Trust Eat~te ~h theI'I'i propot'tlon ae the ,hUe of'each ot said relllaiD1ng benet1qkarr
Il
Shall bear to the othe~or others..--ill'I i
"ee)~pay to ~sokl,John Scott Skelly,Jr••!at .'
"least ~-llMuaU1 trom the datil'of lIlY decellse so l~ng ~~he may'i~l1ve,one-halt (1)of:t~e remain1ng income trolll sud TruS\~and ~
IT Iflanyaecumulatlo».~hel"eor or addJt10n thereto,aJld upon hif decease
~to pay o~er,at least :$elld-ann"ally.d1U'ing the l1fet1nle ~t my
Il ~tet $11141'11\cQnle.share and share alike,per stirpes,to\\t.h8~r~children of said John ~Qtt Skelly,Jr.,'01"to the issue ~ir any or
r.\1~his deQeased Children;said issue or his dece~&e~childre~\to have
;1 divided among thelll the sharE:wlUch their parellt 'would baV'J!re-
~\cel'ved :It l1rlng.UPO!l the death of bDtb Illy son,John se~~t
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",Skelly,·Jr••and JDy 'w1re,Marie C.Skell"and during the \~e~od
Qf'~wen~y-o~e (al)years ~bereaft,r to paT over,at leas~II
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Ii "G i!.elll1..-nnuaUy s.a1~~r:OIll••share andl share alike,per s4~rpes.to1t.he chlldrenotJohlt Scott Skelly,Jr~or to.the issue ~f any of
~',h1S deceased childrGA.s~id issue or'hie deceased ehildr:rn to
Ihaye divided uonc them the s~are Whlc_h thdr parent W4~d ha".
%'ace1ved it linng.'twe~tT-one (n)yuara ~tet'the r1e~~b of. i~
both flt/son,John Sc:ott Skall,.,Jt'.,and flI.y WU'I,Marie ip.SksU)",:\.
"~o d1atributa ~he ~ne-halt (i)portion ot the principal lpr ~a1d
~3t,toogetbet-~th aDy'acr:U1aUlat1oD thenor or additi~~thereto~
abare eel ~hare alike,per atiJ1)es,tog the chil~reQ.or ~~d John :
IScott.Skelly,Jr.or to the t~sue or a~y gt bi3 decea5e~1 ~h11dren~
sald issue or ~s deceased children to have dlY1ded amo~~them the
~share which tb.e:f.r parent would have received 11'living J~the '
II tim.tot'said cl1stt'ibutio2J;and in th"e\pent that ,t.he S~~rl JohnIh
I SCott Skelly.Jr.should die leaving no dire~t des~end~~s living
I ".'Ia~the ~1me for,sald distr1bu~1on,then the afO~s91d O~r~halC
I (i)portioil of ,t.he pr1n~:1pal Q:said Trust.together w1~r any~.c~tl~n thereot or add1t1on thereto,shall ~ont1nuQ!as a
h •It·r part or tbb TJ:Ust.ud aaid.portion,toget;har with t.he ilright ~o
J.jl~t'ece1ve 811 1zu:oll..th&re1'rom,ehall inure to the benefit '!~t the
U 'I '~other beneficiaries of said Tl'u.:U.Esta:te in t.he pr..qPQrt~pft as tiw .
II '!tare of Ba~h of'said.rema1n111.g b~net1cb~shall belU'~~the '
Iiother Or'ot~ers.lj : \
I ttFTa:I hereby direct that neither the income\trom thef.'rruat~,bere1~above 8&ta~11&he4by paragraphs 'l'QIRl)and ~~URTH ,
:'hek'eot,not'the principal thereof't shall in any way beC;!G~e $ubjectI..,o.11able t ••tho d'.'.,l1o.ill'ie.,credl'cr.,"f~""'"I
i,J,pledgu,contracts,t~alu~ter"or ant1~1p,ations ot any b~"rarhlary l
;named in this trust J ot'an,.perSQU Who shall &o.qlllre an l~nterest \
,"'h...b.........ohe .....'honor,nor to ..,..........,.,.irr "!\
execution f'Ot'an,.claiul ot My kind 01"natu.re.:1 J
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II SmRt I 'hereby"AuthOt'ize e.n~cllrec:t ~ixe¢utO::~::iI'here.fr'"-,'I~inarter nadled,and Trustees,hereiQabove deaignated,or !~he1r
IJlfUcce&sors,to con~en int~!lOillt1.al,J aoolt as Call CCl1'j.veni!entlY
"lIIay be dOne attel"~y decease,all real o:itato ownR by'~I or in
which I uy have an !!tt.ereat,a!ld.tor such pUl1'Ose I do j~e",bY'
Il'lthonze and,empower lily ExeC\lto~s or 'l'N3'tiees,'to sell J~d con-
,Ivey111tee:siDlple,all my Nal.estate,an a whole or :Lit.j!art.
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d,theJ'a.t public:or private sale,witbout arty liabUity ~it the~I'purchaser tor the applicatton,nOQ-applic:at10D Qr mis-aplficatlon
~ot thJ purcha:ie lIIoneT.ana ~o exe~ute aQd deliver all GUC~deed.~or ather assurant:8S au I c()uld have dgne tr llvl~g,aud ~~nd1ag~INch eales,I lieNby'authorize'and direct Ill.y siJ.1r1 BxBcu.tcl~~or
U ~stees to lease 11I'1 said real lIl:Jtllioe 111 whole or in p~~upon!...h ••-....to.IUch "';ntala ••...,""".......or -..~'r··s shall~I!!defllll Illost advantageous to my estate i except ~owever,tha~l I~b,reby d1reet that.my inte1"est in ,the Gray County 'rexaa ~PTalt)"~l shall GO;be SQld.,'aSSigned or.transferred by Illy said Ex8l~\ltor8
~~i!or TrUStees d~Dg the ex1stenQl:,of said trust.i!~,OYEN'tH,:I he~l)b)"nl)~ate,constItute and '~;po1ntJl Mari.~1 JJ'!;C.Skelly,~wit..,and Willibl Sherwood Skelly,Illy S011,!pr the~,II ;_~surrt'V'or at them,as Executors of this my La5l;Will and.'r!f8tament.~!~~EIGHTH:I het'eby'authorize and elllpower Ill)"ExecutO:1•
~hecutr1Jc atld Trustees designated in and b)'"IllY said tan i~lll and.~;J~d~Test8lllent,Qr Any ot the.,to use the:f.~01"ita dbcret10nilin the~~~payment of such S~ate and Federal:lnherltance,Estate,~f
~Legacy Tues to which rrsy estate,or the tr!nsler ot any p~fopert;:r
F ':1
'-thereunder may be subject,aa t.hey·or 1't ay deem wise :an~~
,j-,):lZ"Uclent,anel 1Il0st adVlliltageoul5 to IDy'said Britate,and.to 4!harge,
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I:I1ICb.,taxe...&,ll1"t or the ~""•••••ot ~_u...:r
"III nTNEss mRZo,J 'to this 1l1~La:lt Willi!and
Testalllem.t:ypewrittea.on.se"'eft (7J.sheet.s o,t paper:I h~lYe here-
Qto lS8t Il\1 hand eel seal th1a l£/e Yr"tIz day ot Septet~oer.
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subscribed our names as witnesses thereto.
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PIBS'l'CODICIL'..TO LAST WILL AND TES'1'AMEN'1'j
~hel1'sueee$SO~S t~c.my sald estate.
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Exhibit B
11th,1954.
I,JODI SCOTl'SKELLY.of the City of }.lOJlOngahe:ta •wash-I
ual(toD CO\Qt'1.PU1lS71Yuia,h~reby dec:1a.re this present:l'll"itiag to
b.tb.J'irst Codidl·to my Last 'lfUl and Testame:at dated'lseptemberl
.IjrmST:1:a addition to all other PQwor alld a.utiiortty
-cipoutedtotheTrusteeorTrusteesd(ls1gnated ,bY 'Illy Last:!Wt11 and I
'l'eSt!lllleDt aile!tbeb succe:ssors,t hereby direct:'tutu.1fbe adlll1B-j
lstratiOD of &'A1 Trus't created or established by lily Sllid:j'W111,sa.ld
I ITrusteeorTrWJteelSaeStheir8uc.eeSIJ0r'G sball bave t~o ~iQ'lt'e:r to I
take u4 to rota1ll a8 an 1B\>'est.lllent for said t:t'Ust estat.~without [
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U7 dnty of diversification,!UlY lUld all secur1;Ues 01"o~lher pro-
porty,1'8&1 or personal.r.ecelved.by said Trm;;tee 01'Truiltees or
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.SECOND:In Ilddlt10D to all otber powe~and aU1!hortty I
~a.ated to the Trustee 01"'1'r~tees d~slpated b7 my Last;j"111·and i
•-1 ITestamentaDdtheirsuccessors,1 hereby <luthor1ze aDd dj!.e~t·Gala
".'·1 I'h'ustee or T1'u&teB:t.aDd their succ:es9Fs to invest ~d J!eillvest I
sald trust esta~e In snch s'toclcs,bondS,mortgllees.·secw!lties or
,·iotherproperty,nal'01"persol1lll,a$they may believe ad'ijlsable.
,'.I'Aot being It.!ted 'to classes o~$ecurlt1es or investmentfi in which
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Trustees ~e authOl"1zerS t~invelJt trm;;t funds UDder the J\aws of thr
Commonwealtb of Pe~7lva:al~.I I
!!!!!:1 do hereby nomiQatlll,comotitute aIld atjpo1nt ;
:,Western PennsylvaDla National lank,MC~eelJport,or Its S~~ce$sorJ
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as Testa=entary Guardlu.of ~b~estates ot any minors eDt~tl~to
.id13tribUtionqndertbete~of M7 Last Will and TestameQ~,giVing
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I'Ud p'a.a.ttng 'to hid parc11aa the power to llP'ce to aDy d~stribU-.
.1 I.tiOD of .tho ~bare at said IIl1AW or ~1nors 111 lily .eshote ~;.,.aid j
euardiau may deem·advisable.glving SI11d guardl~n the pow~r to III:.i:,!I ().,;f
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d1~trlbqt.both LQcome aD4 pri~clpal tor the beueflt of ~~1d ~1Dor
:-""i."......t.-....~.~o<t.."••""•••i._.,oay ~}D.~'O<l.1
herebr'p'a~t1il~t.o n14 ~Ud1an all of the PO'lfe~B and,a.a\.rhor~ty \
bel'el21 Il'u,t,d u4/Q~as p'ut~4 by'-.y Last 1'111.lQld '1'.ati~eDt ~Q
tile 'frUlJtev o~lIl7 ostato..:;
.I •
:.'.,~:r~O"'1J2l'1'M'ft'1r:,I do he:reb!authori%e ancl emp01l'or tb.,~!'rQSte~orT:rWltll~d8$1~tH by 'fIl.1 L~t wpt ~~cl.Tes~~e~t,.their +2rYiVOr
...urv1vors aDd tbetr ~Cl;"ssors at their or 'it:s disc.J:'eti!op.~dV-1
....;!ut_1"!!',i••Tit"!'_tho ••~.~~~-~....WUU_"!.~~!Skel?-1,I
.qd prior to fiul d:f.8tr~but1OD ot sUd Trust.from ud 01lr ot thelTrustest.bUshed by pa:tan'aph "!'OVRTH"of ay Last '1111 auJi Testa.·
-.~
1Il8nt f6\"tbe bOllefU ot illY said SOD,'WUlia.Jl Sbenood Skol~Y.to
par ove~'~deliver to h1lll ch:lldren,"",turd bon or 'lftll;~l1 .
adopted,lLDd to bis ~aAdC~Ud1-~D.8U~h BJIlount of tile Pr1~f"P&l Ofl
Batd Tr~~,l1mited as herotnatter set fo~tb,a$.8&.11 be :tecessa1
1a sltuatloU8,.h~81DmODaJ 1s D084ed~especlall7.for tbe i~oses
,,:i·
,(bat nQt I1J111ted thel"eto)of prav1dul llec:l1ca.1 aJld 'hO$plta',~ex-
~DS~,for 84ucaUoUI pn-pos~s,all fol'the 'pu:rcbas1nr o:t II.hQJller
~d II.lso·for lIledical and hospital expeDses ;Cor the "':.~e.~irband I
or childreu of aD1 of theJII;provld.ecl however,tha~aD,d:lsi\rlbuUoli,.•IofprincipalmadetouybeneficiarybyvirtueottillsPro,\1sioD .
'!I
sull be 'chal'ied to 'the l"eprese:1tat1;"~$ha1*e of $&id beDltf~jc;lary
ill tiDal 'li1str1.but1oll of sdd Trust.T~e ma.xima distrlbutl:1OD !...~I
authorized by tbe prov1'1tons of this paragraph shall be tbCli sum of'.',
Ten Tbousand ($10,000.00>Dollars lor each of the Gh11d~eD ;bf ~.\iWl1l1~Sherwood Skell7.for hls or her beneflt or for tbe :beDetit;;.
of his or her ~_ecS1ate fallll1y,hereiDabo~e cles1gnll,ted.:\
PInK:I do bereby aQtllorlze and _power the Truiktee or.-.,.~iT~t8es deslguate4 by my Last Wl11 aQd Testa.~ent,their s~~vlvor,·1 r
IIr'51U'V1VO~S Ind their a;e.cceuOl"S at their.or its dsCre't10'~.d~.~
,.'I
illg the period after the death of my 'son,J'ou Scott Skelly:l J~••
"
'!
'..
I·
H..
!,
;t..
I.
Ii,
IIi:
I•I
abO'te liesipated..~
~:1ft &11 other respects I do hereby !~tlf7 1and CQDj
fha 'I1J'1 Last Will allIS Testament atod Septelllber 11th.1954'1 I"
IX ,ITHBSSWBEREOF,to thiS First Codicil to ,my t~st Will
and Testamen~,typewritte21 On three'(3)sheets Df paper,I'~a?e !
i IberetmtosetIllYhanc:l ud seal this 5th day of llovell1ber,A.tl.1958.,
.i i'
"'-,.4,.:.-~-r'?';;:;'k'~-/r:t!..(SEA~)
·,F...Iil
Signed,sea.led,publisbed and.declared by JOlIR scio'rr j
SKELLY,tbe 'festator above ft:l.mod.as a.nd for the Firat Codf[cll to .
hiS Last Will and Testameftt.1n the presence of us,who at;~is re-l
quest,lD.his ~eseD.~e and 1n the presence ot eaeb other,·ti~ve..
bereUDto sl1bsc:'lbed O~lUUltes as 'lri'ttDess:s.he~eto.~-i ill'
~..fA J .,•-c.:::::s .,0 I'J,1'"•.:r-.....J"...l
:'I ./J /.::I
\,.,",I.........."";jA.'3'_;j I
~-~1
',~.!'j,;
":t:1
,;
uel pdor to tiDal distribut10n of sa.id.Trust,trOll and outlot the•.'l
'1'l"wat establiShed.by para~1Ph "Ji"OtJRl'H"of Ill"La.st W111 aDdl Testa..
,"
meat for 'the beaetu:·of illY said son.John Scott Ske1l7.J:r4 to
par OV8~eel de11ver to his'ehilcU'etl and to h1s gr:mdehlld~bD.,SUI;
I •:j
~ount of,the ~lpal ot said T~tJ l1m1ted as hereillaftrr set I
torth.as shall tie necessary 1n situations .herelD.money ls!needed.
"
especb,lly for the purposes (but not limited thereto)of prbVldll\g
i
mediea.!and h.oSPital eXpenses,~or ~ducatiolULl purposes.aur for
the purc;hasing of a bome;aad also for mediCal &Dd hospital!~-
:j
peliSelil for the 9Ue,husband or chlldrell"of.aDy of them;v.r:rV1ded.I'
hVft1W.tlmt IUIr Us'trlbUtla21 of.priilC1pal made to Imy bezll&f1Cl,!
'by .,.i.rtu,e of th1s provision ~ha.1l blt ebarce~to the repres+bt1~el .,
.h~.of sald beD.aflclary in f111a1 distribution 01 a.lel T~~t.~he
I-Sima d1un-ibut1aJl·a,1I1:harbed by the pl"ovis1.oDt;of thts IIp,z"a-
.,~
erllJlIl shall be tile BlIlIl of '1'821 TbQus&214 ($10,000.00)Doll&n1!for...~
ea,ch of'the ehildren of ~ohn Scott:Skelly.Jr.,:for Ms or :~e1"..":r
tieneUt or for the beufit of his or her i=l'ediate family,'p'$l'eiD...
!
I
-------------
i.'IJ
Ij
-!
SECOND CODICILoro
LAS'!'WILL AND '1'ES~A!'lEN'lOF
_JOHN SCOT'!'Sy:LLY
"SEWNTlI;I hezoeby nolll1nate,const1t1lte ar.!d,,
appo1rl.t MARtt c.SKEL,t,Y,my wire.WILLUM SHERwcbD
ISKELLY,J1f¥aOD,and WESTEaR ilEUNSYLVANIA NATIOIU!L.
;
BANlt,as Exlt4:utQl."8 ot this JA1 La.st Wlll and.j'
~e8tament.n
i
t
I.JOHN SCO'l"l'SKELLY J of the C11:f ot MOtlOt1Elahda,
;
Washington Count,.J l'ennsYhania,de¢1Ulli th1a to be t~~Second
ICod1~11 to my Last Will and Teatament dated Septembe%~11,1954.,.
FlRST;I revoke l'a.ra~a~h SEWN'rH ot JIll ail~d Last
IW1l,l tu\cl,!etatament and 111 11e~thereof'd.irect that ttte following
!paragx-aph be IUbSt1tuted.:.I
SECOND,:tn aU other l'e4pects I :r~t1,~aI)<li confirm
1myLastWill,and Testament dated September 11,1954~pd the
J.,Firat Codicil tbe~to date4 Nove~er 5,1958.
,
~~~
~
~;
Ir
•
'"i!~
G~~~'IIB~~~•~,
j•~~~
;-r.a~B"~!I
""~1t..~~·~~r.~~~~
J,,
~·
'i,.:l_.::z;.:btf.'.::'":=::~="'i!":M$i-=tC;:;·j:g·,.~.,&..;$)pt::;:::;:::;,;:rr ;,..:•.zP;:::;~•..'.~
Exhibit C
w-
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4t',.'..~"..,.......
~-·~.iiI
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:JOHN S.SKELLY,
DECEASED FIBlo
LINDA KOSAR
ORPHANS'COURT DIVISION
No.63-69-0118
ORDER OF COURT
AND NOW,this 9 ,2004,upon
.consideration of the foregoing Peti io and having determined
that a hearing may be dispensed with as a result of the consent
and joinder of all parties in interest,it is hereby ORDERED AND
DECREED that the Trust created for the benefit of Linda Kosar,
under the Will of John S.Skelly,is hereby terminated for
failure of purpose and distribution of the trust estate thereof
shall be made to Linda Kosar.
BY THE COURT:
~~,J.
o_1~3'65
at /19,f t7.:J--A
...
15-;;2-0
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
"
JOHN S.SKELLY,DECEASED
FOR LINDA KOSAR
0 •"1:
.-.-CL-..<~.~J•.-j-"N ""'.,.................-
-~--
0-l~_..h·__.../
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"~'-co r,'.
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"...::-.~"n.~c':',.-,-
r·'f ."..U_J Cr_-......._/LJJ G.:;.:,"
{"-...:--..-.....,.
ORPHANS'COURT DIVISION
NO.63-69-0118
RECEIPT AND RELEASE
"CODE-------
TRUST UNDER WILL
FILED ON BEHALF OF
NATIONAL CITY BANK OF
PENNSYLVANIA,SUCCESSOR TO
INTEGRA TRUST COMPANY,
NATIONAL ASSOCIATION,INTEGRA
NATIONAL BANK/PITTSBURGH,
EQUIBANK,EQUIMARK CORPORATION,
WESTERN PENNSYLVANIA NATIONAL
BANK,AND THE FIRST NATIONAL BANK
OF MCKEESPORT,TRUSTEE
COUNSEL OF RECORD
ELIZABETH S.ATHOL,ESQUIRE
PA ID #44814
LOVETT,BOOKMAN,HARMON,MARKS
LLP
FIFTH AVENUE PLACE
SUITE 2900
PITTSBURGH,PA 15222
412-392-2220
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
INRE:
JOHN S.SKELLY,DECEASED
FOR LINDA KOSAR
No.63-69-0118
RECEIPT,RELEASE,INDEMNIFICATION AND REFUNDING BOND
I,Linda S.Kosar;hereby acknowledge having received and reviewed a copy ofthe Will ofJohn S.Skelly.In
addition,I hereby acknowledge having examined the Statements prepared by National City Bank ofPennsylvania,
Successor to Integra Trust Company,National Association,Integra National Bank/Pittsburgh,Equibank,Equimark
Corporation,Western Pennsylvania National Bank,and The First National Bank ofMcKeesport,Trustee under the
Will ofJohn S.Skelly (hereinafter"referred to as "National City Bank"),attached hereto and made a part hereofas
Exhibit "A",detailing the principal receipts and disbursements and the income receipts and disbursements,and am
satisfied that the Statements represent a true and accurate representation ofthe activity occurring in the John S.
Skelly Deceased,for LindaKosar trust during the period beginning 04/30104 and ending on the date last set forth
below.I ratify and confirm the completeness and accuracy ofthe Statements,waive my right to receive Statements
from the inception ofthe Trust,and accept the distribution hereunder,together with all previous distributions set
forth in said Statements,in full satisfaction ofany and all rights,interest and claims which I may have therein.I
hereby acknowledge receipt of the following:
.".
PRINCIPAL -PERSONALTY
ACCOUNT
VALUE
STOCKS
400 SHARES
EXXON MOBIL CORPORATION,COMMON
600 SHARES
GENERAL ELECTRIC COMPANY,COMMON
400 SHARES
PPG INDUSTRIES INCORPORATED,COMMON
TEMPORARY INVESTMENTS
$52,546.90
ARMADA MONEY MARKET FUND
(TREAT AS CASH)
LESS:
COST OF FILING
PRINCIPAL FEE
TAX PREPARATION FEE
$23.00
81.40
210.00
$1,126.75
672.31
1,210.00
$52,546.90
$314.40
$55,241.56
INCOME -PERSONALTY
CASH *
LESS:_
TAX PREPARATION FEE
COJ\1BINED BALANCE
*NOTE:ALL CASH IS INVESTED IN ARMADA MONEY MARKET FUND
$245.00
$210.00
$55.276.56
Witness
,"
In consideration ofNational City Bank's willingness to make the distribution hereunder without fIrst securing
the benefIt of a formal court audit,I agree to be bound hereby and to bind my heirs,personal representatives and
assigns,to:
A.Release National City Bank,its successors and assigns,from any and all liability which it may have
by reason ofits administration ofsaid Trust through the date below,including but not limited to any liability for
federal,state or local income taxes,all estate taxes,inheritance taxes,transfer taxes and other taxes ofa similar
nature,and any interest or penalties related thereto which may be assessed against me or my estate;
B.Release National City Bank from proceeding with any further steps in the administration ofsaid
Trust including the fIling ofa fmal Account,holding ofan Audit or petitioning for issuance ofa Decree;
C.Indemnify National City Bank and save it harmless from and against my pro rata share ofany and
all liabilities and expenses (including attorneys'fees and other costs oflitigation or taxes ofany type)which may be
assessed against National City Bank or the said Trust arising by reason ofNational City Bank's administration ofsaid
Trust through the date below,or to which National City Bank or the said Trust maybe subjected after the date below
by reason ofsuch administration;
D.Waive the issuance ofany notice whatsoever that may be required to be given to me either by law
or Rules ofCourt;and
E.Refund or return promptly,upon National City Bank's written demand,any property received by me
hereunder,or the value thereof,which may be determined to have been distributed to me improperly by mistake,
negligence or otherwise.
DATEDthis~_~_.1 dayof__-=.s:~-~I~M.~Z:~,..'100 s-.
-r-r=----~---=-------=:..-------__~--,-_._~_c..._.-'----4_"_~_.~__"''L (SEAL)
Linda S.Kosar
Pn«ed "j )'
PCJe-J/.~
(.
";
_1 ....:J.,....""~."
,,
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IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
)
In Re:JOHN S.SKELLY,deceased
Ub/oROBERTSKELLY
.'..)!.
.;"I I'.'..;....'-,,-.-,.,.-.""...t:'''';...............,-..-.....
Orphans Court Division
No.63-69-0118
PETITION FOR TERMINATION
OF TRUST
Filed of Behalf of:
Robert Skelly,Petitioner
Counsel ofRecord for Said Party:
WILLIAM H.KNESTRICK,ESQ.
PA LD.#203806
WHITE &ASSOCIATES
3855 Millers Run Road
P.O.Box 384
Cecil,PA 15321
724-743-4444
'.,"
IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
In Re:JOHN S.SKELLY,deceased
~b/oROBERTSKELLY
Orphans Court Division
No.63-69-0118
PETITION FOR TERMINATION OF TRUST
AND NOW,Petitioner,Robert Skelly,by and through his attorney,William H.Knestrick,Esquire,
petitions this Honorable Court to enter an Order,pursuant to 20 Pa.eS.§6102,terminating his trust
for failure oforiginal purpose and approving distribution ofthe trust estate to the Petitioner,and in
support thereof avers the following:
1.John S.Skelly (hereinafter the "Testator"),a resident ofWashington County,Pennsylvania,
died on]anuary 22,1969,leaving a Will dated September 11,1954 (see Exhibit "A",
attached),a First Codicil dated November 5,1958 (see Exhibit "B",attached),and a Second
Codicil dated August 24,1967 (see Exhibit "C",attached).(hereinafter collectively referred
to as the ''Will'').
2.This Honorable Court entered a Decree on December 20,1971 transferring the residue of
the estate ofthe Testator to William S.Skelly,Marie C.Skelly and Equibank (predecessor of
National City Bank)as co-Trustees,to be held as one trust for the benefit ofthe Testator's
wife,Marie C.Skelly,his sons,William Sherwood Skelly and]ohn Scott Skelly,]r.,and the
issue ofhis sons (hereinafter the "Original Trust").
3.Marie e Skelly died on Apri118,1981 and the Original Trust was continued as one trust for
William Sherwood Skelly,]ohn Scott Skelly,Jr.and their issue.
4.Article Fourth of the Will provides:
""
"(b)To pay to my son,William Sherwood Skelly,at least semi-annually from the date
of my decease so long as he may live,one-half (1/2)of the remaining income from
said Trust and any accumulation thereofor addition thereof,and upon his decease to
pay over,at least semi-annually,during the lifetime ofmy wife said income share and
share alike,per stirpes,to the children ofsaid William Sherwood Skelly or to the
issue ofany ofhis deceased children;said issue of his deceased children to have
divided among them the share which their parent would have received ifliving.
With the understanding that the children ofWilliam Sherwood Skelly shall include
any child or children legally adopted by him as well as his natural born children and
the issue or descendant of any such adopted children,shall be construed as the lineal
and the direct descendants of my said son,with the right to share in my estate
accordingly.Upon the death ofboth my son,William Sherwood Skelly,and my wife
Marie C.Skelly,and during the period of twenty-one (21)years thereafter to pay
over,at least semi-annually said income,share and share alike,per stirpes,to the
children ofWilliam Sherwood Skelly or to the issue ofany ofhis deceased children,
said issue of his deceased children to have divided among them the share which their
parents would have received if living.Twenty-one (21)years after the death ofboth
ofmy son,William Sherwood Skelly,and my wife,Marie C.Skelly,to distribute the
one-half (1/2)portion of the principal ofsaid Trust,together with any accumulation
thereof or addition hereto,share and share alike,per stirpes,to the children of said
William Sherwood Skelly or to the issue of any of his deceased children,said issue of
his deceased children to have divided among them the share which their parent
would have received if living at the time for said distribution;and in the event that
the said William Sherwood Skelly should die leaving no direct descendants living at
the time for said distribution,then the aforesaid one-half (1/2)portion of the
principal ofsaid Trust,together with any accumulation thereof or addition thereto,
shall continue as part of this Trust,and said portion,together with the right to be
received and income therefrom,shall inure to the benefit of the other beneficiaries
of said Trust Estate in the proportion as the share ofeach ofsaid remaining
beneficiary shall bear to the other or others.
(c)To pay to my son ,John Scott Skelly,]r.,atleast semi-annually from the date of
my decease so long as he may live,one-half (1/2)of the remaining income from said
Trust and any accumulation thereof or addition thereof,and upon his decease to pay
over,at least semi-annually,during the lifetime ofmy wife said income share and
share alike,per stirpes,to the children ofsaid John Scott Skelly,Jr.or to the issue of
any of his deceased children;said issue ofhis deceased children to have divided
among them the share which their parent would have received if living.With the
understanding that the children of]ohn Scott Skelly,Jr.shall include any child or
children legally adopted by him as well as his natural born children and the issue or
descendant ofany such adopted children,shall be construed as the lineal and the
"
direct descendants ofmy said son,with the right to share in my estate accordingly.
Upon the death of both my son,]ohn Scott Skelly,]r.,and my wife,Marie C.Skelly,
and during the period of twenty-one (21)years thereafter to pay over,at least semi-
annually said income,share and share alike,per stirpes,to the children of]ohn Scott
Skelly,Jr.or to the issue of any of his deceased children,said issue of his deceased
children to have divided among them the share which their parent would have
received ifliving.Twenty-one (21)years after the death ofboth ofmy son,]ohn
Scott Skelly,]r.,and my wife Marie C.Skelly,to distribute the one-half (1/2)portion
of the principal of said Trust,together with any accumulation thereof or addition
thereto,share and share alike,per stirpes,to the children of said]ohn Scott Skelly,Jr.
or to the issue of any of his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have received ifliving
at the time for said distribution;and in the event that the said John Scott Skelly,Jr.
should die leaving no direct descendants living at the time for said distribution,then
the aforesaid one-half (1/2)portion of the principal ofsaid Trust,together with any
accumulation thereof or addition thereto,shall continue as part ofthe Trust,and said
portion together with the right to be received and income therefrom,shall inure to
the benefit of the other beneficiaries of said Trust Estate in the proportion as the
share of each of said remaining beneficiary shall bear to the other or others."
5.Articles Fourth and Fifth ofthe Will provide:
"FOURTH:I do hereby authorize and empower the Trustee or Trustees designated
by my Last Will and Testament,their survivor or survivors and their successors at
their or its discretion,during the period after the death ofmy son,William Sherwood
Skelly,and prior to fInal distribution of said Trust,from and out of the Trust
established by paragraph 'FOURTH'ofmy Last Will and Testament for the benefit
ofmy son,William Sherwood Skelly,to pay over and deliver to his children,natural
born or legally adopted,and to his grandchildren,such amount of the principal of
said Trust,limited as hereinafter set forth,as shall be necessary in situations wherein
money is needed;especially for the purposes (but not limited thereto)of providing
medical and hospital expenses,for educational purposes,and for the purchasing of a
home;and also for medical and ho~pital expenses for the wife,husband or children
of any of them;provided however,that any distribution ofprincipal made to any
beneficiary by virtue of this provision shall be charged to the representative share of
said beneficiary in the final distribution ofsaid Trust.The maximum distribution
authorized by the provisions of this paragraph shall be the sum ofTen Thousand
($10,000)Dollars for each of the children ofWilliam Sherwood Skelly,for his or her
benefit or for the benefit of his or her immediate family,hereinabove designated.
"
FIFTH:I do hereby authorize and empower the Trustee or Trustees designated by
my Last Will and Testament,their survivor or survivors and their successors at their
or its discretion,during the period after the death ofmy son,John Scott Skelly Jr.,
andprior to fInal distribution of said Trust,from and out of the Trust established by
paragraph 'FOURTH'ofmy Last Will and Testament for the benefit of my son,
John Scott Skelly,Jr.,to pay over and deliver to his children,natural born or legally
adopted,and to his grandchildren,such amount of the principal of said Trust,limited
as hereinafter set forth,as shall be necessary in situations wherein money is needed;
especially for the purposes (but not limited thereto)of providing medical and
hospital expenses,for educational purposes,and for the purchasing ofa home;and
also for medical and hospital expenses for the wife,husband or children ofany of
them;provided however,that any distribution ofprincipal made to any benefIciary
by virtue ofthis provision shall be charged to the representative share of said
benefIciary in the fInal distribution ofsaid Trust.The maximum distribution
authorized by the provisions of this paragraph shall be the sum ofTen Thousand
($10,000)Dollars for each of the children ofJohn Scott Skelly,Jr.,for his or her
benefIt or for the benefIt of his or her immediate family,hereinabove designated."
6.William Sherwood Skelly died on May 10,1990.After his death three separate trusts were
established pursuant to 20 Pa.C.S.§7191.This Honorable Court entered a Decree on
October 26,1990 separating the Original Trust into three trusts.One-half ofthe Original
Trust was held for the benefIt oftheJohn Scott Skelly,Jr.(Testator's surviving son).One-
fourth of the Original Trust was held for the benefIt of Linda Kosar (the child ofWilliam
Sherwood Skelly and grandchild of the Testator)One-fourth ofthe Original Trust was held
for the benefIt ofRobert Skelly (the child ofWilliam Sherwood Skelly and grandchild ofthe
Testator).The separate trust created for Robert Skelly (hereinafter the "Robert Skelly Trust")
is the subject of this Petition.
7.The Robert Skelly Trust is to be distributed outright to Petitioner on or about May 10,2011,
which is 21 years after the death ofWilliam Sherwood Skelly.
8.The Robert Skelly Trust consists of cash and securities valued,as ofJanuary 31,2007,in the
amount of$292,913.12.
9.Petitioner is the life benefIciary of the Robert Skelly Trust.
10.Petitioner is requesting that the Robert Skelly Trust be terminated and the entire trust estate
be distributed to him,because he and his family are under severe fmancial hardship.
11.There are compelling reasons to support such distribution including the following:
(a)The Robert Skelly Trust is,under the terms ofthe Will,distributable outright to
Petitioner on May 10,2011.Petitioner is likely to survive to May 10,2011 and would at
that time be entitled to the entire trust estate.
(b)The Robert Skelly Trust will be reinvested with National City Bank,the current Trustee,
in an agency investment account,from which Petitioner will be able to withdraw
whatever amounts he needs in order to meet his and his family's financial needs.
(c)Petitioner has severe fmancial needs,including an Allegheny County real estate tax lien
on his home.Robert Skelly is currently unemployed.
(d)Petitioner's family has severe fmancial needs,including a mortgage foreclosure action
against Petitioner's sister's home.
(e)Article Fourth of the Will,quoted in paragraph 5 of this Petition,specifically provides
for a discretionary distributions of$10,000.00 ofprincipal to Petitioner as shall be
necessary in situations wherever money is needed.Petitioner has already received is
discretionary distribution of$10,000.00.
(f)The separate trust created for Petitioner's sister,Linda Kosar,was terminated by this
Honorable Court on or about June of2004.
12.Your Honorable Court has jurisdiction over this matter as set forth in 20 Pa.C.S.§6102-
Termination ofTrusts:
"(a)Failure of original purposes.-The court having jurisdiction ofa trust
heretofore or hereafter created,regardless of any spendthrift or similar provision
therein,in its discretion may terminate such trust in whole or in part,or make an
allowance from principal to one or more beneficiaries provided the court after
hearing is satisfied that the original purpose of the conveyor cannot be carried out or
is impractical of fulfillment and that the termination,partial termination,or
allowance more nearly approximates the intention ofthe conveyor,and notice is
given to all parties in interest or to their duly appointed fiduciaries.
(b)Distribution ofterminated trust.-Whenever the court shall decree
termination,or allowance more nearly approximates the intention of the conveyor,
and notice is given to all parties in interest or to their duly appointed fiduciaries.
(c)Other powers.-Nothing in this section shall limit any power ofthe court to
terminate or reform a trust under existing law."
13.Petitioner has two children,Michael Patrick Skelly and Shannon Drake Skelly,both ofwhom
are living and are sui juris.The son,Michael Patrick Skelly,has no issue.The daughter,
Shannon Drake Skelly has three minor children:Jocelyn Skelly,Nathan Skelly-Rump and
Rachel Skelly-Rump.
14.The Consent ofthe Petitioner and each ofhis children are attached as Exhibits "D","E"
and "F",respectively.
15.All parties in interest who are suijuris consent to the termination of the Robert Skelly Trust
and the distribution of the trust estate to Petitioner,waive a formal accounting of National
City Bank's administration of the Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration of the Robert Skelly Trust.
16.Petitioner represents that the interests ofminor and unborn contingent remaindermen are
represented by the suijuris parties in interest who have consented to the relief requested
herein and therefore aver that under these facts it is not necessary for this Honorable Court
to exercise its authority to appoint a guardian ad litem under 20 Pa.C.S.§751 as 20 Pa.C.S.
§5165 provides:
"The court may dispense with the appointment ofa guardian ad litem when there is
a living person suijuris having a similar interest,or where the.minor is issue of a
living ancestor suijuris interested in the estate whose interest is not adverse to that of
the minor."
17.Petitioner submits that this Honorable Court may dispense with a hearing on this matter
since all parties in interest have consented to the Petition and National City Bank,Trustee,
has waived the right to a hearing on this matter.see Exhibit "G",attached.
WHEREFORE,Petitioner requests that this Honorable Court enter an Order,pursuant to 20
Pa.C.S.§6102,terminating the Robert Skelly Trust for failure of original purpose and approving
distribution ofthe trust estate to the Petitioner.
Respectfully Submitted,
By:V\tij~~\\~
William H.Knestrick,Esq.
Attorney for Petitioner
VERIFICATION
Petitioner,Robert Skelly,verifies that the statements made in this Petition for Termination ofTrust
are true and correct.Petitioner understands that false statements herein are made subject to the
penalties of 18 Pa.C.S.§4904,relating to unsworn falsification to authorities.
Date:51 d&101I ~lobert Skelly
Exhibit'D'
I,Robert Skelly,Petitioner,the life beneficiary ofthe Robert Skelly Trust,created for me
under the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting
of National City Bank's administration of the Robert Skelly Trust,and release and discharge
National City Bank from any and all liability for its administration of the Robert Skelly Trust.
Robert Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF WASHINGTON
:ss
Before me,the undersigned authority,personally appeared Robert Skelly,Petitioner,known to me
(or satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF,I have hereunto set my hand and seal this ~day ofMay,2007.
(/gbiPUl.llt0.w
utumn N.Wise
My commission expires:'I \ab \D~
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Autumn N.Wise,Notal)'Public
Cecil Twp.,Washington County
My Commission Expires July 25,2009
Member.Pennsylvania Associal!Oll of Notaries
Exhibit 'E'
I,Michael Patrick Skelly,a contingent beneficiary ofthe Robert Skelly Trust,created under
the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting of
National City Bank's administration of the Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration of the Robert Skelly Trust.
fJUM)jJj
Michael Patrick Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF WASHINGTON
:ss
Before me,the undersigned authority,personally appeared Michael Patrick Skelly known to me (or
satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF,I have hereunto set my hand and seal this ~day ofMay,2007.
CL,,-~\\~'\\,\\,"\C\.ti hu.)
Autumn N.Wise
My commission expires:l \as \OC\
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Autumn N.Wise.Notary Public
Cecil Twp.,Washington County
My Commission Expires July 25,2009
Member.Pennsylvani2,Association of Notaries
, ,
Exhibit 'F'
I,Shannon Drake Skelly,a contingent beneficiary of the Robert Skelly Trust,created under
the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting of
National City Bank's administration of the Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration of the Robert Skelly Trust.
SJL~j
Shannon Drake Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF WASHINGTON
:ss
Before me,the undersigned authority,personally appeared Shannon Drake Skelly known to me (or
satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF,I have hereunto set my hand and seal this..aa-day ofMay,2007.
~.~l.NV~."l(:)\"(IIL~
Autumn N.Wise
My commission expires:l \~\CJ9 COMMONWEALTH OF PENNSVLVANIA
...Notarial seal Public
Autumn N.Wise.~otarycounty
cecilT~:,wExaSh~n~c:ru\y 25,2009
M CommIssion piCy ,t'on at Notaries
b Pennsylvania AS50cla \Mem er,
05/18/2007 16:17 FAX 412 644 6176
"
NCB PRIVATE CLIENT
Exhfbit'G'
141 002
I,Roberty E Eberly III ~on behalf ofNa.tional City B~Trustee ofthe Robert
Skdly Trust aeatecl unclet the Will ofJohn S.Skelly.hereby waive the tight to a hefUing On Robert
Skelly's Pention for Tennination ofTrust.
'ffi3 3l.IHM 3SS3f'
","
NOTICE OF PRESENTATION
Kindly take notice that the within Petition for Termination ofTrust will be presented in Motions
Court on Wednesday,May 22,2007,at 9:15 a.m.,in Courtroom #2 before the Honorable Judge
Katherine B.Emery.
DATE:May 18,2007 ~At~WM'ti ~
William H.Knestrick,Esq.
Attorney for Petitioner
CERTIFICATE OF SERVICE
I hereby certify that a true and correct copy ofthis Petition for Termination ofTrust was served
upon Robert E,Eberly,Relationship Manager,National City Bank via facsimile and regular maiL
DATE:May 18,2007 _t~~\\~~
William H.Knestrick,Esq.
Attorney for Petitioner
,.-
,.
)
IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
In Re:JOHN S.SKELLY,deceased
Ub/o ROBERT SKELLY
Orphans Court Division
No.63-69-0118
ORDER
""~.
AND NOW,this d5 day ofMay,2007,upon consideration of the foregoing Petition
Te :~~yP'~dPEiAR_,,~..-u.E"'-'l:~1
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.'"-_.
------..-----------'r:.~:----------------------------,
IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
In Re:JOHN S.SKELLY,deceased
Ub/oROBERTSKELLY
Orphans Court Division
No.63-69-0118
PETITION FOR TERMINATION
OF TRUST
Filed ofBehalf of:
Robert Skelly,Petitioner
Counsel of Record for Said Party:
JOHN P.FRIEDMANN,ESQ.
PA I.D.#204581
203 McCormick Avenue
Bentleyville,PA 15314
IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
In Re:JOHN S.SKELLY,deceased
UbjoROBERTSKELLY
Orphans Court Division
No.63-69-0118
PETITION FOR TERMINATION OF TRUST
AND NOW,Petitioner,Robert Skelly,by and through his attorney,]ohn P.Friedmann,Esquire,
petitions this Honorable Court to enter an Order,pursuant to 20 Pa.C.S.§6102,terminating his trust
for failure of original purpose and approving distribution ofthe trust estate to the Petitioner,and in
support thereof avers the following:
1.John S.Skelly (hereinafter the "Testator"),a resident ofWashington County,Pennsylvania,
died on January 22,1969,leaving a Will dated September 11,1954 (see Exhibit "A",
attached),a First Codicil dated November 5,1958 (see Exhibit "B",attached),and a Second
Codicil dated August 24,1967 (see Exhibit "C",attached).(hereinafter collectively referred
to as the "Will").
2.This Honorable Court entered a Decree on December 20,1971 transferring the residue of
the estate of the Testator to William S.Skelly,Marie C.Skelly and Equibank (predecessor of
National City Bank)as co-Trustees,to be held as one trust for the benefit of the Testator's
wife,Marie C.Skelly,his sons,William Sherwood Skelly and John Scott Skelly,Jr.,and the
issue of his sons (hereinafter the "Original Trust").
3.Marie C.Skelly died on April 18,1981 and the Original Trust was continued as one trust for
William Sherwood Skelly,John Scott Skelly,]r.and their issue.
4.Article Fourth of the Will provides:
"(b)To pay to my son,William Sherwood Skelly,at least semi-annually from the date
of my decease so long as he may live,one-half (1/2)of the remaining income from
said Trust and any accumulation thereof or addition thereof,and upon his decease to
pay over,at least semi-annually,during the lifetime of my wife said income share and
share alike,per stirpes,to the children of said William Sherwood Skelly or to the
issue ofany ofhis deceased children;said issue of his deceased children to have
divided among them the share which their parent would have received if living.
With the understanding that the children ofWilliam Sherwood Skelly shall include
any child or children legally adopted by him as well as his natural born children and
the issue or descendant ofany such adopted children,shall be construed as the lineal
and the direct descendants ofmy said son,with the right to share in my estate
accordingly.Upon the death of both my son,William Sherwood Skelly,and my wife
Marie C.Skelly,and during the period of twenty-one (21)years thereafter to pay
over,at least semi-annually said income,share and share alike,per stirpes,to the
children of William Sherwood Skelly or to the issue of any of his deceased children,
said issue of his deceased children to have divided among them the share which their
parents would have received ifliving.Twenty-one (21)years after the death of both
ofmy son,William Sherwood Skelly,and my wife,Marie C.Skelly,to distribute the
one-half (1/2)portion of the principal of said Trust,together with any accumulation
thereofor addition hereto,share and share alike,per stirpes,to the children of said
William Sherwood Skelly or to the issue of any of his deceased children,said issue of
his deceased children to have divided among them the share which their parent
Jwouldhavereceived ifliving at the time for said distribution;and in the event that
the said William Sherwood Skelly should die leaving no direct descendants living at
the time for said distribution,then the aforesaid one-half (1/2)portion of the
principal of said Trust,together with any accumulation thereof or addition thereto,
shall continue as part of this Trust,and said portion,together with the right to be
received and income therefrom,shall inure to the benefit of the other beneficiaries
ofsaid Trust Estate in the proportion as the share of each of said .remaining
beneficiary shall bear to the other or others.
(c)To pay to my son ,John Scott Skelly,Jr.!at least semi-annually from the date of
my decease so long as he may live,one-half (1/2)of the remaining income from said
Trust and any accumulation thereof or addition thereof,and upon his decease to pay
over,at least semi-annually,during the lifetime of my wife said income share and
share alike,per stirpes,to the children of said John Scott Skelly,Jr.or to the issue of
any of his deceased children;said issue ofhis deceased children to have divided
among them the share which their parent would have received ifliving.With the
understanding that the children ofJohn Scott Skelly,Jr.shall include any child or
children legally adopted by him as well as his natural born children and the issue or
descendant ofany such adopted children,shall be construed as the lineal and the
direct descendants of my said son,with the right to share in my estate accordingly.
Upon the death ofboth my son,]ohn Scott Skelly,]r.,and my wife,Marie C.Skelly,
and during the period of twenty-one (21)years thereafter to pay over,at least semi-
annually said income,share and share alike,per stirpes,to the children of]ohn Scott
Skelly,Jr.or to the issue of any ofhis deceased chil~en,said issue of his deceased
children to have divided among them the share which their parent would have
received ifliving.Twenty-one (21)years after the death of both of my son,John
Scott Skelly,Jr.,and my wife Marie C.Skelly,to distribute the one-half (1/2)portion
ofthe principal of said Trust,together with any accumulation thereof or addition
thereto,share and share alike,per stirpes,to the children of said John Scott Skelly,Jr.
or to the issue ofany of his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have received if living
at the time for said distribution;and in the event that the said John Scott Skelly,Jr.
should die leaving no direct descendants living at the time for said distribution,then
the aforesaid one-half (1/2)portion of the principal ofsaid Trust,together with any
accumulation thereof or addition thereto,shall continue as part of the Trust,and said
portion together with the right to be received and income therefrom,shall inure to
the benefit of the other beneficiaries of said Trust Estate in the proportion as the
share ofeach of said remaining beneficiary shall bear to the other or others."
5.Articles Fourth and Fifth of the Will provide:.
"FOURTH:I do hereby authorize and empower the Trustee or Trustees designated
by my Last Will and Testament,their survivor or survivors and their successors at
their or its discretion,during the period after the death of my son,William Sherwood
Skelly,and prior to final distribution of said Trust,from and out of the Trust
established by paragraph 'FOURTH'of my Last Will and Testament for the benefit
ofmy son,William Sherwood Skelly,to pay over and deliver to his children,natural
born or legally adopted,and to his grandchildren,such amount of the principal of
said Trust,limited as hereinafter set forth,as shall be necessary in situations wherein
money is needed;especially for the purposes (but not limited thereto)of providing
medical and hospital expenses,for educational purposes,and for the purchasing of a
home;and also for medical and hospital expenses for the wife,husband or children
ofany of them;provided however,that any distribution ofprincipal made to any
beneficiary by virtue of this provision shall be charged to the representative share of
said beneficiary in the [mal distribution of said Trust.The maximum distribution
authorized by the provisions of this paragraph shall be the sum ofTen Thousand
($10,000)Dollars for each of the children ofWilliam Sherwood Skelly,for his or her
benefit or for the benefit of his or her immediate fan:ily,hereinabove designated.
FIFTH:I do hereby authorize and empower the Trustee or Trustees designated by
my Last Will and Testament,their survivor or survivors and their successors at their
or its discretion,during the period after the death of my son,John Scott Skelly Jr.,
and prior to final distribution of said Trust,from and out ofthe Trust established by
paragraph 'FOURTH'of my Last Will and Testament for the benefit of my son,
John Scott Skelly,Jr.,to pay over and deliver to his children,natural born or legally
adopted,and to his grandchildren,such amount of the principal ofsaid Trust,limited
as hereinafter set forth,as shall be necessary in situations wherein money is needed;
especially for the purposes (but not limited thereto)of providing medical and
hospital expenses,for educational purposes,and for the purchasing of a home;and
also for medical and hospital expenses for the wife,husband or children ofany of
them;provided however,that any distribution ofprincipal made to any beneficiary
by virtue of this provision shall be charged to the representative share of said
beneficiary in the final distribution of said Trust.The maximum distribution
authorized by the provisions of this paragraph shall be the sum ofTen Thousand
($10,000)Dollars for each of the children ofJohn Scott Skelly,Jr.,for his or her
benefit or for the benefit ofhis or her immediate family,hereinabove designated."
6.William Sherwood Skelly died on May 10,1990.After his death three separate trusts were
established pursuant to 20 Pa.C.S.§7191.This Honorable Court entered a Decree on
October 26,1990 separating the Original Trust into three trusts.One-half ofthe Original
Trust was held for the benefit of the John Scott Skelly,Jr.(Testator's surviving son).One-
fourth of the Original Trust was held for the benefit of Linda Kosar (the child of William
Sherwood Skelly and grandchild of the Testator).One-fourth of the Original Trust was held
for the benefit ofRobert Skelly (the child ofWilliam Sherwood Skelly and grandchild of the
Testator).The separate trust created for Robert Skelly (hereinafter the "Robert Skelly Trust")
is the subject of this Petition.
7.The Robert Skelly Trust is to be distributed outright to Petitioner on or about May 10,2011,
which is 21 years after the death ofWilliam Sherwood Skelly.
8.The Robert Skelly Trust consists of cash and securities valued,as ofJanuary 31,2009,in the
amount of$102,775.50.
9.Petitioner is the life benefIciary of the Robert Skelly Trust.
10.Petitioner is requesting that the Robert Skelly Trust be terminated and the entire trust estate
be distributed to him,because he and his family are under severe fInancial hardship.
11.There are compelling reasons to support such distribution including the following:
(a)The Robert Skelly Trust is,under the terms of the Will,distributable outright to
Petitioner on May 10,2011.Petitioner is likely to survive to May 10,2011 and would at
that time be entitled to the entire trust estate.
(b)The Robert Skelly Trust will be reinvested with National City Bank,the current Trustee,
in an agency investment account,from which Petitioner will be able to withdraw
whatever amounts he needs in order to meet his and his family's fInancial needs.
(c)Petitioner has severe fmancial needs,including a West Jefferson Hills school district real
estate tax lien on his home in the amount of $105,961.42.Robert Skelly is currently
unemployed.
(d)Article Fourth of the Will,quoted in paragraph 5 of this Petition,specifIcally provides
for a discretionary distributions of$10,000.00 of principal to Petitioner as shall be
necessary in situations wherever money is needed.Petitioner's discretionary distribution
of $10,000.00 is insuffIcient to resolve his current fInancial diffIculties.
(e)The separate trust created for Petitioner's sister,Linda Kosar,was terminated by this
Honorable Court on or about June of2004.
12.Your Honorable Court has jurisdiction over this matter as set forth in 20 Pa.C.S.§6102-
Termination of Trusts:
"(a)Failure oforiginal purposes.-The court having jurisdiction ofa trust
heretofore or hereafter created,regardless ofany spendthrift or similar provision
therein,in its discretion may terminate such trust in whole or in part,or make an
allowance from principal to one or more benefIciaries provided the court after
hearing is satisfIed that the original purpose ofthe conveyor cannot be carried out or
is impractical of fulfillment and that the termination,partial termination,or
allowance more nearly approximates the intention ofthe conveyor,and notice is
given to all parties in interest or to their duly appointed fIduciaries.
(b)Distribution of terminated trust.-Whenever the court shall decree
termination,or allowance more nearly approximates the intention of the conveyor,
and notice is given to all parties in interest or to their duly appointed fiduciaries.
(c)Other powers.-Nothing in this section shall limit any power of the court to
terminate or reform a trust under existing law."
13.Petitioner has two children,Michael Patrick Skelly and Shannon Drake Skelly,both ofwhom
are living and are sui juris.The son,Michael Patrick Skelly,has no issue.The daughter,
Shannon Drake Skelly has three minor children:Jocelyn Skelly,Nathan Skelly-Rump and
Rachel Skelly-Rump.
14.The Consent of the Petitioner and each ofhis children are attached as Exhibits "D","E"
and "F",respectively.
15.All parties in interest who are suijuris consent to the termination of the Robert Skelly Trust
and the distribution of the trust estate to Petitioner,waive a formal accounting of National
City Bank's administration of the Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration of the Robert Skelly Trust.
16.Petitioner represents that the interests ofminor and unqorn contingent remaindermen are
represented by the suijuris parties in interest who have consented to the relief requested
herein and therefore aver that under these facts it is not necessary for this Honorable Court
to exercise its authority to appoint a guardian ad litem under 20 Pa.C.S.§751 as 20 Pa.C.S.
§5165 provides:
"The court may dispense with the appointment of a guardian ad litem when there is
a living person suijuris having a similar interest,or where the minor is issue of a
living ancestor suijuris interested in the estate whose interest is not adverse to that of
the minor."
17.Petitioner submits that this Honorable Court may dispense with a hearing on this matter
since all parties in interest have consented to the Petition and National City Bank,Trustee,
has waived the right to a hearing on this matter.see Exhibit "G",attached.
WHEREFORE,Petitioner requests that this Honorable Court enter an Order,pursuant to 20
Pa.C.S.§6102,terminating the RobertSkelly Trust for failure of original purpose and approving
distribution ofthe trust estate to the Petitioner.
Respectfully Submitted,
By:
John P.Friedmann,Esq.
Attorney for Petitioner
VERIFICATION
Petitioner,Robert Skelly,verifies that the statements made in this Petition for Termination of Trust
are true and correct.Petitioner understands that false statements herein are made subject to the
penalties of 18 Pa.C.S.§4904,relating to unsworn falsification to authorities.
Robert Skelly
---------------------------------,
Exhibit'D'
I,Robert Skelly,Petitioner,the life beneficiary ofthe Robert Skelly Trust,created for me
under the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting
of National City Bank's administration of the Robert Skelly Trust,and release and discharge
National City Bank from any and all liability for its administration of the Robert Skelly Trust.
Robert Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF ALLEGHENY
:55
Before me,the undersigned authority,personally appeared Robert Skelly,Petitioner,known to me
(or satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
.\L Tl\IN WITNESS WHEREOF,I have hereunto set my hand and seal this (T"Q__day of February,
2009.
lL:::::::::~D=.=-c~c:b~===----I=QO
Notary Public
My commission expires:f-~2""3 )-0 I 0
\
Exhibit 'E'
I,Michael Patrick Skelly,a contingent beneficiary ofthe Robert Skelly Trust,created under
the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting of
National City Bank's administration of the Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration ofthe Robert Skelly Trust.
/I/lRJ/£
Michael Patrick Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF ALLEGHENY
:ss
Before me,the undersigned authority,personally appeared Michael Patrick Skelly known to me (or
satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
~6INWITNESSWHEREOF,I have hereunto set my hand and seal this __day of February,
2009.'",...~:'1f=~I.Ji'.;\t~"":LT;-·~cr·~PEf~j\!SYL VAN1J\.
,Notariai Seal
Nicholas A.Pc:nteHs,Notary Public
City Of Pittsburgh,Ntegheny County I
Mj Commissbn Expires Feb.23,2010 L 0 =&.
Notary Public
My commission expires:~).l..i-c::>'0
Exhibit 'F'
I,Shannon Drake Skelly,a contingent beneficiary ofthe Robert Skelly Trust,created under
the Will ofJohn S.Skelly,hereby consent to the attached Petition,waive a formal accounting of
National City Bank's administration ofthe Robert Skelly Trust,and release and discharge National
City Bank from any and all liability for its administration ofthe Robert Skelly Trust.
Shannon Drake Skelly
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF ALLEGHENY
:ss
Before me,the undersigned authority,personally appeared Shannon Drake Skelly known to me (or
satisfactorily proven)to be the person whose name is subscribed to the within document and
acknowledged that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF,I have hereunto set my hand and seal this ~day of February,
2009.
Notary Public
My commission expires:~L.~..t-o 10
---------------------------
Exhibit 'G'
I,T.J.Reisdorf,on behalf of National City Bank,Trustee of the Robert Skelly Trust created
under the Will ofJohn S.Skelly,hereby waive the right to a hearing on Robert Skelly's Petition for
Termination ofTrust.
By:_
T.J.Reisdorf,Relationship Manager
National City Bank
NOTICE OF PRESENTATION
Kindly take notice that the within Petition for Termination ofTrust will be presented in Motions
Court on Friday,March 6,2009,at 9:15 a.m.,in Courtroom #2 before the Honorable Judge
Katherine B.Emery.
DATE:March 3,2009
John P.Friedmann,Esq.
Attorney for Petitioner
CERTIFICATE OF SERVICE
I hereby certify that a true and correct copy of this Petition for Termination of Trust was served
upon T.J.Reisdorf,Relationship Manager,National City Bank via facsimile and regular mail.
DATE:March 3,2009
~=:-:~
John P.Friedmann,Esq.
Attorney for Petitioner
·.
IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
In Re:JOHN S.SKELLY,deceased
Vb/oROBERTSKELLY
Orphans Court Division
No.63-69-0118
ORDER
AND NOW,this cP fday of~,2009,upon consideration of the foregoing Petition for
Termination of Trust,it is hereby ORDERED and DECREED that Robert Skelly Trust is
terminated and the trust estate may be distributed to the Petitioner,Robert Skelly.
MM
ib
2:0IIlC
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I
a:::oCtx:
CP'"==('"-..I
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
V-I"
7
IN THE MATTER OF:
THE ESTATE OF:
JOHN S.SKELLY,FOR THE
BENEFIT OF WILLIAM S.
SKELLY AND JOHN SCOTT
SKELLY,JR.
ORPHANS'COURT DIVISION
NO.63-69-0118
PETITION FOR DISTRIBUTION
Account No.32-6050-00-2
CODE:
Filed on behalf of
vlilliam S.Skelly and
Equibank,Co-Trustees
Counsel·of •Record for this Party:
Alan L.Ackerman,Esquire
Pa.I.D.No.00365
One Oxford Centre
40th Floor
Pittsburgh,PA 15219-6498
(412)392-2044
J
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:Trust Estate of
John Scott Skelly,
)
)No.63-69-0118
PETITION FOR DISTRIBUTION
To The Honorable,The Judges Of Said Court:
The Account being audited is the First and Final Account
of William S.Skelly and Equibank (formerly Western Pennsylvania
National Bank),as Co-Trustees of the trust established pursuant
to Article FOURTH of Will of John Scott Skelly,dated September
11,1954,and his First Codicil thereto dated Novembmer 5,1958,.
Second Codicil thereto dated August 24,1967.
Your Petitioners,William S.Skelly and Equibank,
respectfully represent that:
1.John Scott Skelly died on January 22,1969 and at
that time was domiciled in Pennsylvania and residing in
Washington County.Letters Testamentary on his Estate were
granted on January 29,1969 to Marie C.Skelly,William S.Skelly
and Equibank,formerly Western Pennsylvania National Bank,as
Executors.A copy of his Will,dated September 11,1954,First
·.
Codicil,dated November 5,1958 and Second Codicil,dated August
24,1967,are attached hereto,made a part hereof,and marked as
Exhibits "A","B"and "C",respectively.
2.By Decree of this Court,dated December 20,1971,
the residue of the Estate of John S.Skelly was awarded to
William S.Skelly,Marie C.Skelly and Equibank,as Co-
Trustees.A copy of the Decree is attached hereto and marked as
Exhibit "0".The said Marie C.Skelly died on April 28,1981
and,in accordance with Article FOURTH of the Testator's Will,
and the Codicils thereto,no successor Co-Trustee was appointed.
3.Pursuant to Article FOURTH,of the Will and the
Codicils thereto,the trust estate was held as one fund for the
benefit of the Testator's wife,Marie C.Skelly,his sons,
William S.Skelly and John Scott Skelly,Jr.,and the issue of
his sons (hereinafter referred to as the "Trust").Subsequent to
the death of Marie C.Skelly on April 18,1981,the Trust has
continued to be held as one fund for the remaining beneficiaries
in accordance with the provisions of the Testator's Will and
codicils.Article FOURTH of the Testator's Will provides,in
pertinent part,as follows:
"•••(b)To pay to my son,William Sherwood
Skelly,at least semi-annually from the date of my decease so
long as he may live,one-half (1/2)of the remaining income from
said Trust and any accumulation thereof or addition thereto,and
upon his decease to pay over,at least semi-annually,during the
lifetime of my wife said income share and share alike,per
stirpes,to the children of said William Sherwood Skelly or to
the issue of any of his deceased children;said issue of his
2.
deceased children to have divided among them the share which
their parent would have received if living •••Upon the death of
both my son,William Sherwood Skelly,and my wife,Marie C.
Skelly,and during the period of twenty-one (21)years thereafter
to pay over,at least semi-annually said income,share and share
alike,per stirpes,to the children of William Sherwood Skelly or
to the issue of any of his deceased children,said issue of his
deceased children to have divided among them the share which
their parent would have received if living.Twenty-one (21)
years after the death of both my son,William Sherwood Skelly,
and my wife,Marie C.Skelly,to distribute the one-half (1/2)
portion of the principal of said Trust,together with any
accumulation thereof or addition thereto,share and share alike,
per stirpes,to the children of said William Sherwood Skelly or
to the issue of any of his deceaed children,said issue of his
deceased children to have divided among them the share which
their parent would have received if living at the time for said
distribution:and in the event that the said William Sherwood
Skelly should die leaving no direct descendants living at the
time for said distribution,then the aforesaid one-half (1/2)
portion of the principal of said Trust,together with any
accumulation thereof or addition thereto,shall continue as a
part of this Trust,and said portion,together with the right to
receive an income therefrom,shall inure to the benefit of the
other beneficiaries of said Trust Estate in the proportion as the
share of each of said remaining beneficiary shall bear to the
other or others.
(c)To pay to my son,John Scott Skelly,Jr.,at
least semi-annually from the date of my decease so long as he may
live,one-half (1/2)of the remaining income from said Trust and
any accumulation thereof or addition thereto,and upon his
decease to pay over,at least semi-annually,during the lifetime
of my wife,said income,share and share alike,per stirpes,to
the children of said John Scott Skelly,Jr.,or to the issue of
any of his deceased children:said issue of his deceased children
to have divided among them the share which their parent would
have received if living.Upon the death of both my son,John
Scott Skelly,Jr.,and my wife,Marie C.Skelly,and during the
period of twenty-one (21)years thereafter to pay over,at least
semi-annually said income,share and share alike,per stirpes,to
the children of John Scott Skelly,Jr.or to the issue of any or
his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have
received if living •.Twenty-one (21)years after the death of
both my son,John Scott Skelly,Jr.,and my wife,Marie C.
Skelly,to distribute the one-half (1/2)portion of the principal
of said Trust,together with any accumulation thereof or addition
thereto,share and share alike,per stirpes,to the children of
said John Scott Skelly,Jr.or to the issue of any of his
deceased children,said issue of his deceased children to have
divided among them the share which their parent would have
received if living at the time for said distribution:and in the
event that the said John Scott Skelly,Jr.should die leaving no
direct descendants living at the time for said distribution,then
3.
the aforesaid one-half (1/2)portion of the principal of said
Trust,together with any accumulation thereof or addition
thereto,shall continue as a part of this Trust,and said
portion,together with the right to receive an income therefrom,
shall inure to the benefit of the other beneficiaries of said
Trust Estate in the proportion as the share of each of said
remaining beneficiary shall bear to the other or others."
Furthermore,Articles FOURTH and FIFTH of the
Testator's First Codicil provide as follows:
"FOURTH:I do hereby authorize and empower the
Trustee or Trustees designated by my Last Will and Testament,
their survivor or survivors and their successors at their or its
discretion,during the period after the death of my son,William
Sherwood Skelly,and prior to final distribution of said Trust,
from and out of the Trust established by paragraph "FOURTH"of my
Last Will and Testament for the benefit of my said son,William
Sherwood Skelly,to pay over and deliver to his children,natural
born or legally adopted,and to his grandchildren,such amount of
the principal of said Trust,limited as hereinafter set forth,as
shall be necessary in situations wherein money is needed:
especially for the purposes (but not limited thereto)of
providing medical and hospital expenses,for educational
purposes,and for the purchasing of a home and also for medical
and hospital expenses for the wife,husband or children of any of
them:provided however,that any distribution or principal made
to any beneficiary by virtue of this provision shall be charged
to the representative share of said beneficiary in final
distribution of said Trust.The maximum distribution authorized
by the provisions of this paragraph shall be the sum of Ten
Thousand ($10,000.00)Dollars for each of the children of William
Sherwood Skelly,for his or her benefit or for the benefit of his
or her immediate family,hereinabove designated.
FIFTH:I do hereby authorize and empower the
Trustee or Trustees designated by my Last Will and Testament,
their survivor or survivors and their successors at their or its
discretion,during the period after the death of my son,John
Scott Skelly,Jr.,and prior to final distributrion of said
Trust,from and out of the Trust established by paragraph
"FOURTH"'of my Last Will and Testament for the benefit of my said
son,John Scott Skelly,Jr.,to pay over and deliver to his
children and to his grandchildren,such amount of the principal
of said Trust,limited as hereinafter set forth,as shall be
necessary in situations wherein money is needed especially for
the purposes (but not limited thereto)of providing medical and
hospital expenses,for educational purposes,and for the
purchasing of a home:and also for medical and hospital expenses
for the wife,husband or children of any of them provided
however,that any distribution of principal made to any
beneficiary by virtue of this provision shall be charged to the
representative share of said beneficiary in final distribution of
4.
~-~----------------------,
said Trust.The maximum distribution authorized by the
provisions of this paragraph shall be the sum of Ten Thousand($10,000~00)Dollars for each of the children of John Scott
Skelly,Jr.,for his or her benefit or for the benefit of his or
her immediate family,hereinabove designated."
4.In accordance with the trust provisions quoted in
Paragraph 3 hereof,the names of all living persons who have an
interest in this Trust as current beneficiaries or remaindermen
are as follows:
Mr.William S.Skelly
Mr.John Scott Skelly,Jr.
Ms.Linda Kosar
Mrs.Martha Skelly Crawley
Mr.Natalie Skelly Stephenson
Mrs.Phoebe Skelly Duggan
Mrs.Adelaide S.Colwell
Mr.Robert Skelly
Mrs.Rebecca Skelly Edgren
Mrs.Prudence Skelly Traut
Ms.Gretchen Skelly
5.The present income beneficiaries,William S.Skelly
and John Scott Skelly,Jr.,are parties to a Consent executed by
Equibank and all of the present beneficiaries of the trust estate
under the Wills of John Scott Skelly and his wife,Marie C.
Skelly,to the effect that,inter alia,Equibank be succeeded by
The Union National Bank of Pittsburgh as Co-Trustee of the Trust
established under the Will of John Scott Skelly.The Consent of
the parties will be filed with this Court in the Estate of John
Scott Skelly,and will appear of record in the Office of the
Register of Wills of Washington County,Pennsylvania,at No.63-
69-0118.A copy of the Consent,as it will appear of record,is
attached hereto,made a part hereof,and marked as Exhibit "E".
The Acceptance of Trustee signed by The Union National Bank of
5.
Pittsburgh,is also attached hereto,made a part hereof,and
marked as Exhibit "F".
6.Notice of filing of this Account and its call for
audit has been given to every party in interest known to the
Accountant in the manner prescribed by the applicable rules of
court.
7.A Supplement to your Petitioner's First and Final
Account,which brings the transactions in this trust up to date,
is attached hereto as Exhibit "Gil.
WHEREFORE,your Petitioners respectfully request this
Honorable Court to confirm absolutely the account and the
supplement thereto,to discharge Equibank and Marie C.Skelly,
deceased,as Co-Trustee,and to order distribution of the trust
estate to The Union National Bank of Pittsburgh and William S.
Skelly as Co-Trustees.
Respectfully submitted,
EQUIBANK
BY:~/7l~
Helen Collins,Trust Officer
6.
AFFIDAVIT
WE,WILLIAM S.SKELLY and HELEN COLLINS,Trust Officer
of Equibank,Co-Trustees of the trust under the Will of John
Scott Skelly,deceased,having been duly qualified according to
law,do declare as follows:
1.We are the Co-Trustees of the trust under the
Will of John Scott Skelly.
2.We have caused to be prepared the annexed
Petition for Distribution.
3.We have read the same and signed it.
4.The statements of fact contained in the
Petition for Distribution are true and correct.
Sworn to before me by WILLIAM S.SKELLY and HELEN
COLLINS,Trust Officer of Equibank,Co-Trustees of the Trust
under the Will of John Scott Skelly,deceased,this cz--fJc day
of ___..L~~::;::<l.~::.:.-,1985.
~~
Notary ~liC ....:"
ELOISE J.KRAVEC,NOTARY PUBLIC
PITTSBURGH,AlLEGHENY COUNTY,PA.
My QJmmisslon Expires March 1,1981
-.,....--.
r--,.
L..
11
I.I·.
LAST WILL AND TESTAMENT
j
OF-
JOHN SCOTT SKELLY
SECOND:
THIRD:
I give,devise and ~equeath unto my wife,Marie
I hereby give"devise and bequeath to The First
but only to the extent that said property or interests is included
and interests passing,or that have passed,from me to my wife,
.;I:Ii Marie C.Skelly,otherwise than.under this paragra.ph of my \'li11i
I,,I
"t.
"
\1 in my gross estate for federal e$tate tax purposes and is allow-
;'able as a marital deduction,and in computing the value'of the
!:property passing under this clause,the final determinations in
the federal estate tax proceeding shall control and only assets'
;:,
.'{.J../}
t '/'l~.,
,
EXHIBIT "A"
Marie C.Skelly,the net income ari~.ing therefrom in convenient
installments,b~t at least semi-annually from the date of my
necessary expenses properly chargeable thereto,to pay to my wife,
,
decease so long as she may live •.
ii'(.I hereby authorize and.empower my said wife to make testa-
1'1 mentary disposition of the balance of this trust estate and direct
ray said trustees to convey,transfel',deliver and pay over to suchi
I,I person or persons,including 'her estate,in such proportions and
.1
II 1n such manner,whether in trust or otherwise,as she may direct
;!
IIrI!I~II
"III:rIII;.that qualify for said deduction shall pass under this clause ;toIholdinthesamefOralinwhichitisreceivedortosellth~same
,!!or any part thereof,to manage,invest and reinvest and to collect!I
II and received the income arising therefrom,and after deducting allI
II
I
I'
-_.
I!and appoint1n and by her Last Will and Testament,and in default
I'
Ii of such testamentary disposition,then I direct that upon the
II death of my said Wife,the balance remaining in said tru$t estate
I I't I
I:shall become a part of and sha~l be disposed of in the manner
I;
'i hereinafter provided for my residuary estate as set forth in theII
11 Fourth clause of this my Last Will and Testament.Also,in the
"i!event that my said wife does not survive me,then this portion ofImyestatesh'!-ll be added to my re~iduary e5tat~
II All property devised and bequeathed,In Trust,by this
it '.
11 paragraph shall be held and administered by said trustees,orIiI~their successors,as a separate.trust to be known as "Trust A"e.
ii FOURTH:.I hereby give.devise and bequeath all the rest••i
Ii residue and remainder o~my estate.of whatever nature and wherever
Ii'i:situated,of whic~I may be entitled at the time of my decease to
Ii \--:~The 'irst National Bank of McKeesport,Pennsylvania,or'its suc-r
i;cessors,Marie C.Skelly,my wife,and Willi~Sherwood Skelly,my-".-,
son,or the survivor of the last two mentioned,IN TRUST NEVERTHE-
LESS.to hold in the same form in which it is received or to sell
.the same or any part thereof.to manage,invest and reinvest and
'/}J~''::.-2-.....
-'-".-.--
;:
tie....-...cie.;.&.···j.
,
l.
,.
I·I,:1-,.,
"r't,
sufficient of the income which when added to the income received
administer ana distribute the same for the following uses and
deducting all nec~ssary expenses properly chargeable thereto.to
semi-an~ually from the date of my decease so long as she may live.
To pay to my wife,Marie C.Skelly,at leastCa)
purposes:
:~Ii~~
"to collect and receive the ,income arising therefrom.and afteri:HIi
"::
'i!I
'1II
IiII:1h
III
J
Trusts hereby established.
accumulation thereof or addition thereto,and upon his ciecease to
least semi-annually from the date of my decease so long as he may
live,one-half ei)of the remaining income from said Trust and any
To pay to my son,William Sherwood Skell:r,atCb)
..
by her from the Trust established in the Third paragraph hereof.I
Ii will equal one-half (i)of the total income from both of the :
II
II'I,.
II
Ii,
I
I
With the understanding that children of William Sherwood'
pay over.at least semi-annually.during the lifetime of my wifeIi
II said income share and share alike.per stirpes.to the children of
I·•'l~said William Sherwood Skelly or to the issue of any of his deceased,I
jl childre~;said issue of his deceased children to have dividedII
Ii among them the share which their parent would have received if
IiIi living.
!i Skelly shall include any child or.children legally adopted by him
Ii as well.as his natural born children and the issue or descendants
11
::of any ~uch adopted children J shall be construed as the lineali:
I
and the direct descendants of my said son.with the right to'j:
~;.share in my estate accordingly.Upon the death of both my son,
Ii-,William Sherwood Skelly.and my wife.Marie C.Skelly.and during
"
il the period 'of twenty-one (21)years thereafter to pay over.at
..least semi-annually said income,share and share alike.'per
stirpes.to the children of William Sherwood Skelly or "to the .issue of any of his deceased children.said issue of his deceased
oJ
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L-JII
III
I
"'I"iiII
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f
children to have divided among them the share which their parent
.)
would have received it living.Twenty-one (21)years after the
death ot both my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,to distribute the one~half (1)portion of the
principal ot said Trust,together with any accUJDulation.thereof
or addition thereto,share and share alike,per stirpes,to the.
,,;!
i
direct descendants living at the time for said distribution,then'
the aforesaid one-halt (1)portion or the principal of said Trust,•
Upon the death of both my son,John Scott
children ot said William Sherwood Skellr or ~o the issue of any
ot his deceased children,said issUe or his deceased children to
have divided among them the share which their parent would have
received ~t living at the time tor said distribution;and in the
I event that the said William Sherwood Skelly should .die leaving no
II
IIII together with any accumulation thereot or addition ~.hereto,shall
I continue as a part of this Trust,and said portion,together with
II the right to receive an income therefrom,shall inu:e to the
1benefit of the other beneficiaries of said Trust Estate in theI,~.proportion as the share of each of said remaining beneficiary
I shall bear to the other or others.I ;i .leI To pay to my son,John Scott Skelly,Jr.,at
!l least semi-annually fro~the date'of my decease so long as he may
III lIve,otle-half (1)of the remaining income from said Trust and
I!any accumulation thereof or addition thereto,and upon his decease
.11 to pay over,at least semi-annually,during the li.fetime of my
1\'wite,said income,share and share alike,per stirpes,to the
!I'"children of said John Scott Skelly,.Jr.,or to the issue of any of
Ii his deceased children;said issue of his deceased children to have
\1 divided among them the share which their'pa'rent would have re-
tiH ceived If living..,'.
f Skelly,·Jr.,and my Wife,Marie C.Skelly,and during the period
of·twenty-o~e (21)years thereaft~r to pay over,at least
l,
f~
;
i
-4-
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Twenty-one (21)years ~fter the death of
.)
,-.~;.""..-:'~~~':'(~':",.'".."".~...'
'ti -~III·f ,Ii,t
I II •;II
1 I- I
IIIi
IiI'I',il semi-annually said income,share and share alike,per stirpes,to
I~Ii the children of John Scott Skelly,Jr.:or to the issue of any of
I!his deceased children,said issueot his deceased children to
IIII haye divided among them the share which their parent would have
II received if living.
both my son,John Scott Skelly,Jr.,and my wife,Marie C.Skelly,
to distribute the one-half (i)portion of the principal ot said
other or others•
accumulation thereof or addition thereto.shall continue as a
receive an income therefrom,shall inure to the benefit of the
share which their parent would have received if living at the
I hereby direct that neither the income from theFIFTH:
pledges,contracts,transfer,.or anticipations of any beneficiary
to,or liable for the debts.liabilities,creditors.assignment.
bereof,nor the principal thereof,shall in any way become subject
part of this T~st,and said portion,together with ·the right to
Trusts.hereinabove established by paragraphs THIRD and FOURTH
other beneficiaries of said Trust Estate in the proportion as the
share of each of said remaining beneficiary shall bear to the
at the time for said distribution,then the aforesaid one-half
SCott Skelly,Jr.should die leaving no direct descendants living
said issue of his deceased children to have divided among them the
time for said distribution;and in the event that the said John
Scott Skelly,Jr.or to the 1ssu$of any of his deceased children.
(1)portion of the principal of said Trust,together with any
Trust,together with any accumulation thereof or addition thereto,
share and share alike,per stirpes,to the children of said John
"it
rI
!I
r
II
II
'iI
,I
II
F.IIiIiIi'i'·1I:J:!:I',I
Ii,I
Ii.III
j;
I~I.",IIII~iI!:1
"!,
it
I named in this trust,or any person who shall acquire an interest
:.therein.under the terms thereofJ nor to any attachment'or
:.
I execution for any claim of any kind or nature.
j "),"",U/,./,.,,
I hereby authorize and direct my Executors,here-SIXTH:
successors,to convert into money,as soon as can conveniently
.I
may be ~one after my decease,all real estate owned by me or in
which I may have an interest,and for such purpose I do hereby
authorize and empower my Executors or Trustees,to sell and con-
Ii .
III;';i,
I!
i:IiijIiI'!,IiIiII
III:I;
:i inatter named,and Trustees,hereinabove designated,or theirrIIII
I
_.
t "~;.:/':,,"·t·v~~.c.."::;;'ce::;;..::C ~..'C'':i.i·,<:~~"::J:~;j,:~~~'L""",,:"·~-k"79.-n ·'k.!"=:j
f •.~_........>:_.",\•~
;.-i
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or Trustees during the existence of said trust.
o~the purchase money,and to execute and deliver all such deeds
.such sales,I hereby authorize and direct my said Executors or
survivor of them,as Executors of this my Last Will and Testament.
I hereby nominate,constitute and appoint MarieSEVENTH:
or other assurances &S I could have done it living,and pending
such terms and tor such rentals as my Executors or Trustees shall
Trustees to lease my said real estate in whole or in parts upon
deem most advantageous to my estate;except however,that I..
hereby direct that my interest in the Gray County Texas Royalty
shall not be sold,assigned or.transferred by my said Executors
C.Skelly,my wite,and William Sherwood Skelly,my son,or the
vey in tee simple,all my real estate,as a whole or in part,
.!ei.ther at public or ~rivate sale,without any liability ot the
o"II purchaser tor the application,non-application or mis-application'I
'II!
HIi
"I,I!
I·I!
II
III!I'I~':jlq
"I~
'III
r•.I-ttl
j"i!
.~I'
"'.i:
11
I hereby authorize and empower my Executor,EIGHTH:il:;
I'I!
ii Executrix and Trustees designated in and by my said Last Will andI:-,
jt Testament,or any of them,to use their or its discretion in the
.'!:payment of such State and Federal~Inheritance,Estate,andI:
":i Legacy Taxes to which my estate,or the tr~nsfer ot any property
H
thereunder may be subject,as they or it may deem wise and
.;prUdent,and most advantageous to my said estate,and to charge
.,
.'))
/./--6-,"r""',.
-',,'......L:
FIRST CODICIL TO LAST WILL AND TESTAMENT
I,JOHN SCOTT SKELLY,of the City of Monongahela,Wash-I
ington County,Pennsylvania,hereby declare this present writing to
be the First Codicil to'my Last Will and Testament dated SeptemberI
11th,1954.
FIRST:In addition to all other power and authority
granted to the Trustee or Trustees designated ,bY 'my Lkst Will and I
Testament and their successors;I hereby direct that in the admin-,
lstration of any Trust created or establisheli by my said Will,said.I
Trustee or Trustees and their successors shall have the power to
take and to retain as an investment for said trust estate without
any duty ot diversification,~ny and all secur~ties or other pro-
perty,real or personal,received by said Trustee or Trustees or
"
their successo~s from my said estate.
,SECOND:'In addition to all ot,her power,and authority I
,-,
~anted to the Trustee or Trustees designated by my Last Will and i
.ITestamentandtheirsuccessors,I hereby authorize and direct'said.I
Trustee or Trustees,and their success~rs to invest and reinvest I
Isaidtrustestateinsuchstocks,bonds,mortgages,securities or
other property,real or personal,as they may believe advisable,
Commonwealth of Pennsylvania.
I do hereby nominate,constitute and appointTHIRD:
not being limited to classes of securities or investments in which•, -I
Trustees are authorized to invest trust funds under the laws of the
II
I
Western Pennsylvania }qational Bank,McKeesport,or its successor,
as Testamentary Guardian of th~estates of any minors entitled to
liB"EXHIBIT
Idistribution under the terms of my Last Wi~l and Testament,giving
I
"
land granting to said guardian the power to agree to any distribu-I _
'Ition of ,the share of said minor or minors in my estate as saidI .iguardianmaydeemadvisable,giving said guardian the power to i
I'I,
I,
!
;1
.,,
,',
distribute both income and pri~cipal for the benefit of said miLor
yards to assist.'them in any situation wherein money may be needed,1
hereby"granting to said guardian all of the powers and authority',
herein grant~d'and/or as granted by my Last Will ,and Testament to
the Trustee of my estate.,
,
.FOURTH:,I do hereby authorize and empower the Trustee or
Trustees designated by my La~t W~ll and Testament,their survivor
or survivors aDd their successors at their or its discretion,dur-
lug.t_he_pe.!:iOd,after_the death of_,,?,s~n....lIi1l~SIII.She....olld Skel-17 .1
and prior to finaldistr.ibution of said Trust,from and out of tllei
Trust established by paragraph "FOURTH"of my Last Will and Testa-'
.ent for the benefit of my said son,'William Sherwood Skelly,to
pay over and deliver to his children,natural born or legally
..·
:·•r•;
\
I
Iof
I
The maximum distributioninfinaldistributionofsaidTrust.
1WilliamSherwoodSkelly,for his or her benefit or for the benefit
of principal made to any beneficiary by virtue of this provision
shall be 'charged to the representative share of said beneficiary
authorized by the provisions of this paragraph shall be the sum
~en Thousand ($10,000.00)Dollars for each of the children of
adopted,and to his grandchildren,such amount of the principal of:, IsaidTrust,limited as hereinafter set forth,as shall be necessarj
in situations wherein money is needed;especially'for the purposes
.(but not limited thereto)·of providing medical an~hosPital ex-I
penses,for educational purposes,and for the 'purchasing of a home·
and also for medical and hospital expenses for the wife.husband r·~
or children of any of them·,provided however,that any distribution ~i ~
i
II
of his or her ~mmediate family,hereinabove designated.
FIFTH:I do hereby authorize and empower the Trustee or', .'iTrusteesdesignatedbymyLastWillandTestament,their survivor
I
pr survivors and their successors at their or its discretion,dur-~. i
ing the period after the death of my son,John Scott Skelly,Jr.,
II,.,
I
-2-
.'
I
....-:L '~*·.jjriQ(~M.Jis.1ifeStr.t.;.;·~J;~"'\"':"~e';.:~t/~~\f'~~.?:'!.~"'~~~~~~.~t'tlili+"'{~4;<1f~'~''''ert:;'~....._..,.";'~"';
~.?,:~:.~::..<.!.:.f>.;.:..._:.,..~....,
i ..','r-•
I ,.-- I
•
.
and prior to final distrib~tioD of said Trust,from and out of the"
.)
Trust established by paragraph "FOURTH"of .y Last Will and Testa-
ment for.the benefit-of my said son,John Scott Skelly,Jr.,to
Ipayoveranddeliv~r to hi~'ch~ldren and to his grandchildren,suet
amount of the pri~cipal of said T~ust,limited as hereinafter set I
forth,as shall be necessary in situatio~s wherein money is needed·
especially for the purposes (but not limited thereto)of providing
medical and hospital expenses,for educational purposes,and for
; 0
,,
the purchasing of a home;and also for medical and hospital ex-
penses for the wife,husband or children of any of them;provided
thowever,that any distribution of principal made to any beneficiarr
by virtue of this provisioD shall be charged to the represe~tativel
share of said beneficiary in final distribution of said Trust.The
maximum distribution authorized by the pro~isioDS of this para-
graph shall be the sum of Ten Thousand ($10,000.00)Dollars for i,
t
e~ch of the children of John Scott Skelly,Jr.,for his or her,.
benefit or for the benefit of his or her immediate family,herein-
above designated.
and Testament,typewritten on three (3)sheets of paper,I have
;...i
~I
i.
con-I
Will
II
o
In all other respects I do hereby ratify andSIXTH:
i
hereunto set my hand and seal this 5th day of November,A.D.1958.;I
firm my Last Will an~Testament dated September 11th,1954.
IN ~ITNESS WHEREOF,to this First Codicil to my Last
•·1
I
J)I"I..'L
.,.;-"A '-."'-"
_______.-...-o-_~_
-3-1
LA..--~/./;\~r-'::;"';':-Y~r:.~~..·~.(SEA~)-:..,-/--I
Signed,sealed,published and declared by JOHN SCOTT I
SKELLY,the Testator above named,as and for the First Codicil to :
his Last Will and Testament,in the presence of us,who at his re-~
quest,in his presence and in the presence of each Qther,'have
hereunto subscribed our names as witnesses hereto.-
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II BUch.)taxes as a part of the expenses of Administration.
'
I IN WITNESS WHEREOF ,to this my Last Ifill and
Testament.typewritten on seven (7),sheets o.r paper,I have here-
unto set my hand and seal this Ele ven tI,day or September,
.1.D.1954..
Signed,sealed,published and declared by the
above named John Scott Skelly,'as and ror his Last Will and
Testament in the presence or ~s.who,'at h~s request,and in his
presence,and in the'presence or each other,have hereunto
subscribed our names as witnesses thereto.
Ii!
(SEAL)
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FIRST:I revoke Paragraph SEVENTH of my said Last
Will and Testament and in lieu thereof direct that the following
I
I,JOHN SCOTT SKELLY,of the City ot Monongahela,,
Washington C~unty,Pennsylvania,declare this to be th,Second
Codicil to my Last Will and Testament dated September 11,1954.
. I
SECOND CODICIL
TO
LAST WILL AND TESTAMENT
OF
JOHN SCOTT SKELLY
"SEVENTH:1 hereby nominate,constitute and;
BANK,as Executors of this my Last Will and
appoint MARIE C.SKELLY,my wife,WILLIAM SHERWOOD
SKELLY,my son,a~d WESTERN PENNSYLVANIA NATIONAL,
paragraph be 3ubstituted:
~:Testament.II.;
:1n;tIi SECOND:In all other respects I ratify and confirm
I:
my Last Will and Testament dated September 11,1954 and the
First Codicil thereto dated November 5,1958.
(SEAL)
, ,1967.
IN WITNESS WHEREOF,I have hereunto set my hand and
seal this
lt~J,tf~cot'<';ike1l1
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Signed,sealed,pUblished and declared by JOHN SCOTT
SKELLY,the Testator above named,.as and for his Second Codicil
to his Last Will and Testament,in the PFesence or us,who,at
his request,in his presence and in the presence of each other,
have hereunto SUbscribed our names as w1t.nesses.,
-,111 II (I /I
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In flJt IIIIU1 IIf Gtmmtum IIlta of II ~....
IIftUl1Julnatita,(tqt~Il1J.GtIUId l1tetJbm
.'t'I .
_ESTATE OF No.6)-69-11.:....-_
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per occount --I-~~~_M_--~--
tional debl t ••ked It .\1d t C'f..
e..41t .....d at a it
Jobo 'I.tt saUl alk/.J.I.
Sk1111,"./k/.J.Scott Snll,
•lk/I 1~.Sk.l11.4,o.,.ed
In the motter of....P1n'aAl..lAMl
~of "rl.C.'gUl,.,111U-
Sb.noot Ik'lJ,z !pI 'tit V"'m ,...'•.'1.leu,.........;,\.
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.ADJUDIC~ION AND DECREE
'Ared ftOW Pt.....r 0((J ,19...71..,this mottlt come on for hearing,
audit and distribution CIt this session and testl"'"Y takenj and thereupon,upon due conllderation
b c r di''''butlon In he or the Accountant II d.termined to be
ond 'U II ac.cordlngty confirmed;and It II ~,nd reed that sold balance Id t by the Accountant In accordanc.with the
Ie f di ibution her.attached a port -...of,untlSl exceptions he...be flied
.an ~I be tak~.refrom sec Ie.~[!
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=
SCHEDULE
Balonc...._...-;..I
Deduct CI.rk',Costs &RK.lptI'--__---~r__----
Attorney o.])on.14 O~rl.gb with R••i Sai'h"Ig:.J,
.:~..,~.:
Ru•••ll M.rino,~1.Qt,.tranat.r inh.Pltano.t.s
'4107.S6Inure.t tNa 4/22/70 to 12/27/71 ~
Mlrl.C.8••11"widow,1••aol unt.r p...,rapb
.econ4 ot tbt'Wl11;b.ld 1n kind aD'·41etribut•••,,,.ell .t tt.ap"rel.••4 ••1_.·cr.c1I''-be
·tak.n by t'w aconuntante tor it 0 ••
prior to dt.trlbutJOD b7 tb.Court,
CrtuU t to b.t8 kiln b.r th.
..tlon .t .1.tl'ibution:-
'heuat A.
'Pruet "
aocoun'ant.tor reval-
,.
'1)~021.1112?J2J!21
W••t~rn Pennlyivanla IRtlonal eenk~Marl.C.
Sk.lly .nd Wllli••Shftrvood Sk.ll"T.atl..ft~'Iry Truet•••und~r Paragraph Third .r th.Vill
in trul't IS ••t forth In the Will tor wlJ'J'uat Aft
lnoludtnR the rollNW1ng ••••t.,h~l.in kind
.nel 41.trlbuted as ."en .t tbe ..1.,.,.e .bOVIl,
·or.4lt to b.t.kenby tbe ~ceount.nt.tor tund.
adv,nced prior to dl1tr1but1on b1 tba Courtl-t,.
Proo••d.or InaurRnc.d.poslt.d
·C.ab ad••nc~da.or 8-22-6q
C••h .4.ane.d a.or t1-22-69tlS,ooo Ell.ab.th Po~ard Joint
W1.dlT.D
\
(4-l8-6q)
.$lB,l64.S
7,000.00
11,600.00
School luth
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)~.',:,";....,;.
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'S,8OO.OO
fr
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~.IaOO.oo
S,600.00
8,2SO.00
6S,883.73
876.85
Bond.60Seri••B,due March 1,1q63 .1,9S0.00,
*10,0 .00 Ore.t~r John.tORn Water
Authoritr Reyenue Bond.,Serie.A,due
JanuarJ 1,2004 S,400.00
•$,000.00 LibertJ!oro Sewer Autb
Reyenue Bond.,Serle.A,due Jul1 1,
1q1$3,900.00
tl0,OOO.00 Libert,Boro Sever Autb
Reyenul Bond.,Serle.A,due JulJ 1,
lq76 '7,SOO.OO
t10,Ooo.00 Lower Buok.CountJ Sohool
Auth.Reyenu.Bond.,Serl••or 1954.'
due AUKu.t 1,lq16 6,600.00
tl0,000.00 Lover Buok.OountJ Sohool
Autb.Reyenue Bond'~Serle.or 1
nAiiguaLl,1~4...I
•~.O Mononl4ela Area )'S o~Au oritr Rajenu.Bon ,...
1 Uf IO'IRber 1,1~92 5.S00.00
•OQD.O~Jlol'Vln tobool Au ,
B 4$ns R,YeDue RoDd.due J U[
1 i:
•O~.OO '.nna St.te Bl~h 1
I I'AuthorltJ,S.rle.8,etD.ber
1 1986 .,lS0.00
•000.00 Penne Stat.Pubi 6h
8 ding Auth Bond.,5'1'1..,~.
•De.1,1q~.
•000.00 PIft na Su te Publ ~b
din.Auth 8004.,Serl..,~
~pl,1~6 ~
•.000.00 P.'.r.~OVD.hl,nita
A Rey8ftue Bond.,Serle.'d~
Au,u.t 11 _200S 5,200.00
.10,000.00 Phtl1pabura-0•••o11 '..a
Sohool Auth Re"enue Bond.,S...or
lq681 due Jul1 1,1~.~6,800.00
$10,000.00 Pl••••nt Bill.Autborl.,
Revenue Bond.,Se.le.ot lq6S.ta-
Marob 1,1*~,c)oo.OO
.20,000.00 'ublio Audi~rlua luth or
Pltt.burgh aDd Allelben"CoWlt7,Sert.1
A,due Dec••bar I,2001,10,200.00
•S,OOO.OO SUlquebanDa V&l1e1 Sohool
Auth Reyenue Bond.,ae.le.or 1968.
due Merob 1,1~98 ',500.00
.10,000.00 !ltu••l11.Are.JoID'Sohool Auth Reyenue 8on4.ae.l.1 ._,du.
Deo..b~.1,1"S "5;000.00
tlS,OOO.OO·tJnlontcnm Sobool Dt-trio'
Reyenue Bond.,Seri••.~,due Octob«r 1,.lQqo .'~,OOO.OO
1418 ah.re.l~rtc.n ~.1 •~e1 6',0)8.88
218 .barea Ch•••Manbattan Bank 11,1)1.6'
.AS7 .hares Con.olld.ted ~di.on 22,871.19
'1~7 aha...C.P.Pinenol.1 Corp.2O,'1~.lJ
271 In."_International 'e..-.COlI '.~.Jl
1)84 .ha....x....thon 011 121,1601'.00
1681 .hare.Nob\l Oil Corp.96,342.31
17 1ehare.Pittsburgh Watlonal Ik.2S,~S2.634SI8.ba~.~ex.oo Ino.lS7,847.6)
2688 .here.WPMB Corp.70.560.00
262 sh~r••p.W.Woolworth 9,464.1S
Ca.h 14••noed ••of 1-11-11 2.)0
Prinolpal ca.h 2,633.34
Incee.c••h advanced,lnnludin8 .
•SOOO.oo ad.,nced In dl.trlbutlon to
to M.rt~C.Skelly,
Share lnc~c••h accrued but Dot
a dyanced
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10 bel....
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,5.000.00
11,250.00
S,1oo.00
)],691.7SS,a07.IS
11,208.25~l.1a.7).13.4,710.7S
67,644.25
41,211.S0
11,312.S0
77.9~.63
·)1,6S2.00
4,664.00
•1,.
6,600.00
I.I,
),200.00
_t8~.os
000.00 ,Charleroi Area S
Rey~nue Bond,Seri••or
J.nuar,.1 1975
000.00 Ci.rton Joint So
R.y Bond Serla.ft,due
We.tern Penn,,1.anla H.tion.l Bank,Marl.c.
Stell1 .n4 Willi••Sherwood Sk.l17,,••t ...n-
tary '~u.tee.un4e~Par'Rraph Pourtb or the WI
In 'ruRt a•••t tbrth In the Will ~r ·'ru.t
B",Inclu41n«the follow!n«••••t.,b.ld in kl
Ind dllt~lbuted a.luoh It the Yalue.el .hovn,
oredit to be tAken by the looountant.tor tu04.
ad••no.d prior to dlltributlon bJ thl Court.-
•7,000.00'
11,600.0cY
C.lh 84.anoed I.or 8-22-69
Ca.h ad.lno.d ••or 11-8-6q
.1S,OOO.00 A.b~1d,.Bol'O Senltll'1
Dllpo.al Reyenu.Bondi 41M AUCUIt 1,
l~S 8,100.00'OQO~lleldvtn~Whltehal Scho I,~.r a A.,4~March 1 S .,,SOO.OO,nio.Munlotpa .uthor!""cam~ll ,S•.,fl1'ev.Bond r.
A ut be~1,.1008 ·10,sao.00
•,~.OO Charleroi Boro VIIt••
Y :aondl due Ma,1,198A
•noD.00 Ch.rlerot Are.SABond,S.rl••or 1%4,d
1•A
d•A
1
•000.00 Clarion 'Joint Sc
A Re.Bond.S.rl••B.due
1
$10,000.00 ~.t.rn Cravtor4 COUft'7
Joint Scbool Auth Bond.,aart••or
196].due Oot.1,1985 S,600.00
t2o,OOO.OO ar••nv!11.tJalO11 Sob001
Auth Bonda,S.rSa.or 1966,d~
JanWlr)"I,lq82 12,000.00
$10,000.00 Moon School.UDlon 8obool
Dlatrlot Autb Bond.,S.rl••or 1965,
du.Jov..ber 1,1ge~.
6q2 .haN8 _rloan '1'el •".1 .
10'6 .h.re.Ch•••Manha ~tan Benk
~9 .here.Con.olldated Idl.on .
633 .hlr••C.p.Pinlnolel Corp.
1]2 ah.re.Intftmatlonal Papep .Co.
2116 .harea Ma.lthon 011
1111 Iharea Mobil 011 'Corp.
lAl .h.~.PI8 eorp,.
2662 ebaN''I'axaoo,lao.
1J12 .h.....liPJl8 Corp.
128 abaNI '.W.Woolwortb
InoONe oa.h adv.nc.d Includl~dl.-
trlbut10n 1n the ••ount or $2500.00 '0
Villi••Sherwood 8kell:.ad 18 the sac_to~$2S00.00 to JObn 800tt lkell,.Jr.&:
.~,S6S.96Principale••b .S,430.01
Share inoa..o••h .ccrged but not
advanced
.,
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•
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:ESTATE OF MARIE C.)
)
SKELLY,DECEASED )
IN RE:ESTATE OF JOHN SCOTT )
)
SKELLY,DECEASED )
Exhibit E
ORPHANS'COURT DIVISION
No.63-81-431
ORPHANS'COURT DIVISION
No.63-69-118
CONSENT
Counsel of Record for
this Party:
G.Donald Gerlach
Pa.I.D.No:00594
Reed Smith Shaw &McClay
Firm I.D.No:234
747 Two Mellon Bank Center
P.O.Box 2009
Pittsburgh,Pennsylvania 15230
(412)288-3192
"
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:ESTATE OF MARIE C.)
)
SKELLY,DECEASED )
INRE:ESTATE OF JOHN SCOTT )
)
SKELLY,DECEASED )
No.63-81-431
No.63-69-118
CONSENT
WHEREAS,Marie C.Skelly died on April 18,1981 and
Letters Testamentary on her estate were granted to Equibank on
April 24,1981 at the above number and term:
WHEREAS,under Paragraph Sixth of her Will dated
August 31,1967,said Marie C.Skelly left her residuary estate,
and in addition all property over which she had a power of appoint-
ment under Paragraph Third of the Last Will and Testament of her
husband,J9hn Scott Skelly,in trust to Western Pennsylvania National
• Jo•
Bank,now Equibank,with directions to divide the trust estate into
two shares,one in trust for the benefit of her stepson,William
S.Skelly,from which share should be deducted the sum of $40,000
for a separate trust for the benefit of his wife,Martha Sherratt
Skelly,and the other half in trust for the benefit of her stepson,
..
..,.,
John Scott Skelly,Jr.,from which share would be deducted the sum
of $40,000 for a separate trust for the benefit of his wife,Lillian
Payrow Skelly:
WHEREAS,Equibank filed its First and Final Account as
Executor stated to May 31,1984 with Your Honorable Court:
WHEREAS,the Account was called for audit september 4,
1984 before Your Honorable Court,at which time Your Honorable Court,
\.
~sponte,raised the question as to the propriety of the fees
charged by ~quibank for its services as Executor in the amount of
$45,000 and the fees of Reed Smith Shaw &McClay,its attorneys,
in the amount of $28,000:
WHEREAS,the present income beneficiaries,signatories
hereto,have raised no objection to thepayrnent of such fees as
shown in the Account and Equibank has agreed to be succeeded by
The Union National Bank of Pittsburgh as Trustee of each of the
four afore-mentioned trusts and as Trustee under Paragraph Fourth
of the Will of John Scott Skelly:
WHEREAS,to effectuate the transfer of the trusteeships,
Equibank has filed First and Final Accounts of its administration
of each of the afore-said five trusts,which Accounts have corne
before Your Honorable Court for audit on August 12,1985:
-2-
.."
'.'
WHEREAS,Your Honorable Court has indicated a desire to
have on the record the consent of the beneficiaries to the payment
of such fees prior to entering a final decree with respect to the
administration of the Estate of Marie C.Skelly;
NOW,THEREFORE,the undersigned,being all the present
income beneficiaries of the trusts created under the Will of Marie
C.Skelly and the Will of John Scott Skelly do hereby agree as follows:
1.The fees of Equibank in the amount of $45,000 as
Executor of the Estate and the fees of its counsel,
Reed Smith Shaw &McClay,in the amount of $28,000,
are hereby approved.
2.The undersigned do hereby accept and consent to the
the transfer of the trusteeship of the trusts under the
Will of Marie C.Skelly and the Will of John Scott
Skelly to The Union National Bank of Pittsburgh.
3.The undersigned do further consent to the entry of
a decree of distribution in the form submitted to the
Court under cover of letter of counsel dated July 23,
1985.A copy of such decree of distribution is attachedheretoasExhibit"A".
4.The parties do further agree that this agreement,
even though executed in more'than one counterpart,
will be binding upon each of them by their signa-
tures thereto.
William S.Skelly
Martha Sherratt Skelly
John Scott Skelly
Lillian Payrow Skelly
-3-
·.
In tltr Gtourt of Gtnmnum IUtas of maalJingtnn QtDUttty.
Jrnns!llnnni~~rp1Jmut9 Clhnn1 l1iuishm
ESTATE OF
Marie C.Skelly.Deceased
No,__6~3:...-~8l=--...;I4~3..l _
In the motter of the First and Final
Account of~_Eq.:.u_i_b_a_nk...:,~Ex_ec_u_t_o_r _
ADJUDICATION AND DECREE
And now.•19_.this motter came en fer hearing,
.oudit and distribution at this session and testimony takenj and thereupon.upon due consideration
thereof the balance fer distribution In the hands or the Acco~ntant is determined to be
$41 5,043 03 and the occount is accordingly confirmed;and it is ordered,
adjudged and decreed that the said balance be paid out by the Accountont in accordance with the
scheduie of distribution hereto attoched and made a part hereof.unless ~eptions hereto be filed
sec.reg.or an appeal be taken herefrom IeC.leg.
SCHEDULE OF DISTRIBUTION
Balanca per accoun~...1 $413,483,78
ADD:r
Bclonce DEDUCT:
Per petition
Per Petition
5,451.74
$415,043 P3
Oeduct Clerfc.'s Costs &Receiph 1
Attomey.----i
TO:LINDA S.KOSAR
Advance Distribution
TO:GAZELLE RUSK BOETTICHER,Cousin
Advance Distribution
TO:REBECCA SKELLY EDGREN
Advance Distribution
TO:ADELAIDE SKELLY COLWELL
Advance Distribution
TO:MARTHA SKELLY CRAWLEY
Advance Distribution
Balance Forward
EXHIBIT "A"
600.00
5,000.00
400.00
4,775.00
500.00
11,275.00
•
~O"M IIO.C.Balance Forward 11,275 00
TO:MARTHA SHERRATT SKELLY
Advance Distribution 550 00
TO:LILLIAN PAYROW SKELLY
Advance Distribution 225 00
TO:JOHN SCOTT SKELLY,JR.,STEPSON
Advance Distribution 1,457 50
TO:EQUIBANK,(formerly Western
Pennsylvania National Bank),
TRUSTEE F.!.o.\VILLIAM S.SKELLY,JR.,
STEPSON
Advance Distribution 4,680 00
TO:EQUIBANK,(formerly Western
Pennsylvania National Bank),
TRUSTEE F.B.O.JOHN SCOTT SKELLY,
STEPSON
Advance Distribution 4,680 00
TO:PRUDENCE SKELLY TRAUT
Advance Distribution 500 00
to:NATALIE SKELLY STEPRENSON
Advance Distribution 200 00
TO:ALLEGHENY COLLEGE,MEADVILLE,
PENNSYLVANIA
Advance Distribution 5,000 00
TO:THE FIRST PRESBYTERIA.~CRURClt,
MONONGAHELA,PENNSYLVANIA
Advance Distribution 5,000 00
TO:JAMES STEWART CHARLTON,JR.,
BROTHER
Advance Distribution 10,0001 00
TO:AARON AUGUSTUS CHARLTON,
BROTHER
Advance Distribution 10,000 00
TO:ELIZABETH C.REED,SISTER
Advance Distribution 10,000 00
TO:GLADYS MAY,EMPLOYEE
Advance Distribution 2,000 00
TO:WILLIAM SKELLY,SON
Advance Distribution 4,015 50
TO:LUCILLE P.BROCKINGTON,EMPLOYEE I
Advance Distribution 2 000 00
71,583 LBalanceForward
I I
I
:IiI
III
poaM IIO.Co Balance Forward
TO:EQUIBANK,TRUSTEE FBO JOHN SCOTT
SKELLY,1/2 RESIDUE:
Principal
5,000 Avnet Inc.at 8%due
10-01-2013
10,000 Barnett Bank of Florida
CV Bond at 12.25%due 12-15-2006
10,000 Celanese at 9.75%due
06-15-2006
10,000 Owens Coming Glass Works
at 8.250 due 12-01-2007
10,'000 Deere &Co.at 9%due
'03-15-2008
5,000 Eastman Kodak at 8.25%due
12-15-2007
10,000 Eaton Corp.at 8.5%due
12-15-2008
5,000 Hercules Inc.at 6.50%due
06-03-1999
37,500 United States Treasury
Notes at 11.50%due 10-15-1990
400 Collins Ailanan
300 E Systems Inc.
150 International Business Machines
Undivided one-half interest vacant
lot situate corner Meade and
Sheridan Streets,Monongahela,
Washington County,Residential
Less amount in excess of
distributive share
Income
Advance Distribution
Cash
TO:EQUIBANK,TRU~TEE FBO WILLIAM S.
SKELLY,JR.,1/2 RESIDUE:
Principal
5,000 Avnet Inc.at 8%due
10-01-2013
10,000 Barnett Bank of Florida
CV Bond at 12.25%due 12-15-2006
10,000 Celanese at 9.75%due
.06-15-2006
Balance Forward
$4,831 25
12,030 00
10,281 25
9,256 25
'11,425 00
4,450 00
9,137 50
4,681 25
37,171 87
12,605 75
11,874 00
9,056 25
(15,439 19)
I
24,213 47
22 405 36
4,831 25
12,030 00
10 281 25
.243,313
r ---
.'
•
~O.M ..o.c.Balance Forward 243,313 01
10,000 Owens Corning Glass Works
at 8.250%due 12-01-2007 9,256 25
10,000 Deere &Co.at 9%due
03-15-2008 11,425 00
5,000 Eastman Kodak at 8.25%due
12-15-2007 4,450 00
10,000 Eaton Corp.at 8.5%due
12-15-2008 9,137 50
5,000 Hercules IDC.at 6.50%due
06-03-1999 4,681 25
37,500 United States Treasury
Notes at 11.50%due 10-15-1990 37,171 88
400 Collins Aikman 12,605 75
300 E Systems Inc.11,874 00
150 International Business Machines ,9,056 25
Undivided one-half interest vacant
lot situate corner Meade and Sherid
1 Streets,Monongahela,Washington
County,Residential 3,750 00
Less amount in excess of distributiv
share (15,439 19~
Income
Advance Distribution 24,213 48
Cash 22.405 35 171.730 102
415.043 03
.'"..
II
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__I ~J
ACCEPTANCE OF TRUSTEE
Donald L.DawsonI,,as Vice
President of The Union National Bank of Pittsburgh,agree to
accept appointment as Co-Trustee under the Will of John S.Skelly,
provided that The Union National Bank of Pittsburgh shall be
endemnified and saved hannless for any and all liabilities,
taxes,losses,causes of action,or expenses resultant from the
actions of The Western Pennsylvania National Bank,and its
successor Equibank NA.,in its capacity as Trustee for said
trust prior to final distribution of said Trust assets to The
Union National Bank of Pittsburgh for further administration.
THE UNION NATIONAL BANK OF PITTSBURGH
By:--'---_----.:_---------
Vice President
,EXHIBIT f
---_.~-----
SUPPLEMENT TO FIRST AND FINAL ACCOUNT
EQUIBANK (FORMERLY WESTERN PENNSYLVANIA NATIONAL BANK)
AND WILLIAM SHERWOOD SKELLY CO-TRUSTEES UNDER
WILL OF JOHN S.SKELLY FOR THE BENEFIT OF
WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
TRUST "B"
•
Account Number 32-6050-00-2 July 17,1985
SUMMARY
SCHEDULE A
PRINCIPAL -PERSONALTY
Receipts Pages 1-2 $406,002 95
Disbursements Page 3 3.041 .54
Balance $402,961 .41
SCHEDULE B
INCOME -PERSONALTY
Receipts Pages 3-5 $9,477.86
Disbursements Page 5 558 .46
Balance 8.91c .40
Net Balance $411 ,88{.81
The Balance consists of the following:
Principal -Personalty
I-
53,9491.87Cash$
25,000 United States Treasury Note ' I
I11.50%due 10/15/90 24,781.25 1
10,000 Hercules Incorporated 6.50%II
I
due 06/30/99 9,750.00
20,000 Owens Corning Glass Works
8.250%due 12/01/2007 20,043.33 I
20,000 Eastman Kodak 8.25%due
-12/15/2009 18,725.00
20,000 Eaton Corporation 8.50%
due 12/15/2008 20,850.00
10,000 Avnet Incorporated 8%due
•50
1
10/01/2013 9.662
Amount Forward $157,761.95
I
•£XHIBIT G
I
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,"•
Estate of WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
,
SCHEDULE A
PRINCIPAL -PERSONALTY
RECEIPTS
Equibank (formerly Western Pennsylvania
National Bank)and William Sherwood
Skelly Co-Trustees under Will of
John S.Skelly for the benefit of
William S.Skelly and John S.Skelly,Jr.
Trust "B"
Balance per First and FinalAccount dated
April 29,1985
Cash $57 74
$1,500.00 Chase Manhattan Money Market
Master Note 1,500 00
$25,000.00 United States Treasury Note
11.50%due 10/15/90 24,781 25
$10,000.00 Hercules Incorporated 6.50%
due 06/30/99 9,750 00
$20,000.00 Owens Corning Glass Works
8.250%due 12/01/2007 20,043 33
$20,000.00 Eastman Kodak 8.25%due I12/15/2009 18,725 00
$20,000.00 Eaton Corporation 8.50%
due 12/15/2008 20,850 00
$10,000.00 Avnet Incorporated 8%
due 10/01/2013 9,662 50
900 shares Exxon Corporation 20,281 50
1,200 shares Florida Power and
Light Group Incorporated 16,727 00
470 shares General Electric Company 12,639 48
400 shares International Business Machines 31,861 00
500 shares Masco Corporation 16,615 00
800 shares Pittsburgh Plate Glass Industries
Incorporated 9,680 00
400 shares Rohm Haas Company 11,574 00
Amount Forward $224,747 80
-1-
-..
Estate of WILLIAM S.SKELLY AND JOHN S.SKELL Y,JR.
Amount Forward $224,747.80
900 shares Texaco Incorporated 26,156 63
550 shares Whirlpool Corporation 27,879 50
350 shares Allied Corporation SRC 18,798 50
700 share Cigna Corporation 17,640 00
850 shares United Technologies 20,146 25
500 shares Weyerhaueser Company 24,120 00
49 units Equibank Collective Municipal
$403,845Fund"C"44,357.19 87
Add to Principal
1985
June 24 Register of Wills,refund of filing
fee over-payment 481 00
Schedule of Short Term Investments
1985
Apr.25
to
1985
July 17 $55,400.00 Chase Manhattan Money Market
Master Note $55,400.00
Redemption 07/17/85 .55,400 00 0 00
Gain on Conversion of Assets
1985
July 15 Sale 49 units Equibank Collective
Municipal Fund "C"at 939.4544 $46,033.27
Carrying Value 44,357.19 1,676 08
Conversion of Assets without Gain or Loss
Chase Manhattan Money Market Master Note $1,500.00
Redemption 07/17/85 1.500.00 0 00
Total Receipts $406,002 95
-2-
r.------~--------
.."Ilf
</.,•
Estate of WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
DISBURSEMENTS
Administration Expenses
1985
July 17 Alan Ackerman,Esquire,professional
services rendered $1,835 00
1985
July 17 Equibank,Trustee's
compensation 1,206 54 $3,041 54
Total Disbursements $3,041 54
SCHEDULE B
INCOME -PERSONALTY
RECEIPTS
Interest
Chase Manhattan Money Market
Master Note received
05/02/85 to 07/02/85 $104 58
-
Owens Corning Glass Works
8.250%due 12/01/2007
received 06/03/85 825 00
Eastman Kodak 8.250%due
12/15/2007 received
06/17/85 825 00
Eaton Corporation 8.50%
due 12/15/2008 received
06/17/85 850 00
Hercules Incorporated 6.50%
$due 06/30/99 received 07/01/85 325 00 2.929 58
Amount Forward $2,929 58
-3-
.~\.~.
Estate of WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
Amount Forward $2,925 .58
Dividends
Allied Corporation SRC preferred
$350 shares received 05/15/85 589 .75
Cigna Corporation preferred
700 shares received 07/10/85 481 .25
United Technologies preferred
850 shares received 06/10/85 541 .88
Weyerhauser Company preferred
500 shares received 06/17/85 562 .50
Exxon Corporation
900 shares received 06/10/85 765 .00
Florida Power and Light Group Incorporated
1,200 shares received 06/17/85 588 00
General Electric Company
470 shares received 04/25/85 25810 50
International Business Machines I
400 shares received 06/10/85 440 00
Masco Corporation·
500 shares received 05/13/85 70 ~OO
Pittsburgh Plate Glass Incorporated
800 shares received 06/12/85 320 00
Rohm Haas Company
400 shares received 06/03/85 200 00
Texaco Incorporated
900 shares received 06/10/85 675 00
Amount Forward $5,491 88 $2,929.58
-4-
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!
•.~I 1,,.,).
Estate of WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
l
Amount Forward $5,491 88 $2,929 58
Whirlpool Corporation
550 shares received 06/17/85 275 00 5,766 88
Common Fund Distributions
Equibank Collective Municipal Fund "C"
49 units received 07/01/85 781 40
Tota1 Receipts $9.477 86
DISBURSEMENTS
Administration Expenses
1985
May 21 Washington County personal property tax $558 46
Total Disbursements $558 46
-5-
Estate of WILLIAM S.SKELLY AND JOHN S.SKELLY,JR.
--~-Z::::::~~l
,-
Amount Forward $157,761 95
900 shares Exxon Corporation 20,281 50
1,200 shares Florida Power and Light
Group Incorporated 16,727 00
470 shares General Electric Company 12,639 48
400 shares International Business Machines 31,861 00
500 shares Masco Corporation 16,615 00
800 shares Pittsburgh Plate Glass Industries
Incorporated 9,680 00
400 shares Rohm Haas Company 11,574 00
900 shares Texaco Incorporated 26,156 63
550 shares Whirlpool Corporation 27,879 50
350 shares Allied Corporation SRC 18,79.8 50
700 shares Cigna Corporation 17,640 00
850 shares United Technologies 20,146 25
500 shares Weyerhaeuser Company -24,120 00 $411.880 81
.f,''
Estate of JOHN S.SKELLY FOR THE BENEFIT OF
WILLIAM S.SKELLY AND
JOHN S.SKELLY,JR.
TRUST "B"
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF ALLEGHENY .'.
55
I
,I
ia National Ban
Sworn and subscribed before me,this ---~""''-------it--day of ~~:tI-4'f.A..a.:ll~~+--11
B
Petition for Distribution to be offered in evidence at the audi
1985.
Helen M.Collins,Trust Officer,Equibank (formerly
being duly sworn according to law deposes and says that th
have been made to the parties entitled thereto and that the
as she verily believes.
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
IN RE:
FIRST AND FINAL ACCOUNT OF
EQUIBANK AND WILLIAM SHERWOOD
SKELLY,CO-TRUSTEES UNDER WILL
OF JOHN S.SKELLY FOR BENEFIT
OF MARIE C.SKELLY -TRUST .A
ORPHANS'COURT DIVISION
NO.63-69-118
Petition for Distribution
Filed on Behalf of
Equibank and William Sherwood
Skelly,Co-Trustees under Will
of John S.Skelly for the benefit
of Marie C.Skelly -Trust A
Counsel of Record for this
Party:
,G.Donald Gerlach,Esquire
Pa.I.D.No:00594
REED SMITH SHAW &McCLAY
Firm No:234
747 Union Trust Building
Pittsburgh,Pennsylvania
(412)288-3192
15219
."""":.":.,
1 .f "
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I
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS·COURT DIVISION
IN RE:FIRST AND FINAL ACCOUNT }
OF EQUIBANK AND WILLIAM SHERWOOD }
SKELLY,CO-TRUSTEES UNDER WILL OF )
JOHN S.SKELLY FOR BENEFIT OF )
MARIE C.SKELLY -TRUST A )
No..63-69-118
PETITION FOR DISTRIBUTION
The Petition of Equibank (formerly Western Pennsylvania
National Bank)and William Sherwood Skelly,surviving Co-Trustees
under the Will of John S.Skelly for the benefit of Marie C.Skelly -
Trust A,respectfully represents as follows:
1.John Scott Skelly died on January 22,1969 and
letters testamentary on his estate were granted by the Register
of Wills of Washington County to Marie C.Skelly,William Sherwood
Skelly and Western Pennsylvania National Bank.
2.The decedent left a Will dated September 11,1954
with a first Codicil thereto dated November 5,1958 and a second
Codicil thereto dated August 24,1967.True and correct copies
of said will and Codicils are attached hereto,made a part hereof
and marked Exhibit A.
3.By the terms of Paragraph Third of his Will,dece-
dent created a Trust for the benefit of his wife,Marie C.Skelly,
who survived him.Said Paragraph Third provides as follows:
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"THIRD:I hereby give,devise and bequeath to The
First National Bank of McKeesport,Pennsylvania,or its
successors,Marie C.Skelly,my wife,and William Sher-
wood Skelly,my son,or the survivor of the last two
mentioned,IN TRUST NEVERTHELESS,a portion of my estate,
the value of which shall be exactly the sum needed to
obtain the maximum marital deduction in determining the
Federal estate tax on my estate,less the value of other
property and interests passing,or that have passed,
from me to my wife,Marie C.Skelly,otherwise than under
this paragraph of my Will,but only to the extent that
said property or interests is included in my gross es-
tate for federal estate tax purposes and is allowable
as a marital deduction,and in computing the value of the
property passing under this clause,the final deter-
minations in the federal estate tax proceeding shall
confrol and only assets that qualify for said deduction
shall pass under this clause;to hold in the same form
in which it is received or to sell the same or any part
thereof,to manage,invest and reinvest and to collect
and receive the income arising therefrom,and after
deducting all necessary expenses properly chargeable
thereto,to pay to my wife,Marie C.Skelly,the net in-
come arising therefrom in convenient installments,but
at least semi-annually from the date of my decease so
long as she may live.
I hereby authorize and empower my said wife to make
testamentary disposition of the balance of this trust
estate and direct my said trustees to convey,transfer,
deliver and pay over to such person or persons,including
her estate,in such proportions and in such manner,
whether in trust or otherwise,as she may direct and
appoint in and by her Last Will and Testament,and in
default of such testamentary disposition,then I direct
that upon the death of my said wife,the balance remain-
ing in said trust estate shall become a part of and shall
be disposed of in the manner hereinafter provided for my
residuary estate as set forth in the Fourth clause of
this my Last Will and Testament.Also,in the event that
my said wife does not survive me,then this portion of
my estate shall be added to my residuary estate.
All property devised and bequeathed,In Trust,by
this paragraph shall be held and administered by said
trustees,or their successors,as a separate trust to
be known as "Trust A"."
-2-
r
4.Petitioner,Equibank,is successor by merger to the
First National Bank of McKeesport.
5.On December 20,1971 Your Honorable Court at the
above number and term entered an Adjudication and Decree awarding
cash and securities to Western Pennsylvqnia National Bank,Marie
C.Skelly and William Sherwood Skelly,testamentary Trustees under
Paragraph Third of the Will in the amount of $835,335.27.
6.Marie C.Skelly died on April 18,1981 and letters
testamentary on her estate were issued by the Register of Wills of
Washington County,Pennsylvania to Equibank,on April 24,1981 at
No.63-81-431.
7.By the terms of her Will dated August 31,1967
Marie C.Skelly exercised her power of appointment over the Marital
Trust.True and correct copies of said Will,with first Codicil
thereto dated September 23,1970 are attached hereto,made a part
hereof and marked Exhibit B.
8.By the terms of Paragraph Fifth of her Will Marie
C.Skelly exercised her power of appointment in favor of Western
Pennsylvania National Bank (now Equibank)as Trustee to be held
in trust and administered for the uses and purposes set forth in
Paragraph Sixth of her Will.Marie C.Skelly provided in said
Paragraph Sixth that her residuary estate,together with the assets
of Trust A,be divided into two shares,one for the benefit of her
-3-
"
stepson,John Scott Skelly,Jr.and his family,and the other
trust for the benefit of her stepson,William S.Skelly and his
family.From each stepson's trust Marie C.Skelly further created
a trust in the amount of $40,000 for the benefit of the wives
of her stepsons,being Lillian Payrow Skelly and Martha Sherratt
Skelly.The remaining portion of such stepson's trust is held for
the benefit of such stepson with directions to pay the net income
therefrom to such stepson for life.Upon the death of each stepson
the trust estate is divided into separate shares for the children
of each such stepson and each such share is held in a separate
trust for the benefit of each such child.The Trustee is directed
to pay the income to such child for life together with so much or
all of the corpus as the Trustee may in its discretion deem advis-
able for the health,education (including college,graduate and
professional),maintenance and support of such child~Each such
child has the right to withdraw one-half of the principal at age
30 and the entire principal at age 40.
9.Marie C.Skelly was survived by both of her said
stepsons,by each of the aforenamed wives of such stepsons and by
the following children of such stepsons:
Children of William S.Skelly
Linda Skelly Kosar
Robert L.Skelly
Children of John Scott Skelly,Jr.
Adelaide Skelly Colwell
Martha Skelly Crawley
Rebecca Skelly Edgren
Natalie Skelly Stephenson
Prudence Skelly Traut
-4-
\':i
Phoebe Skelly
Gretchen Skelly
All of said beneficiaries are of age and sui juris.
10.Notice of the filing of the account and of the time
and place of its call for audit have been given to each of the
beneficiaries named or described in the preceding paragraph.
11.A supplement to said account is attached hereto,
made a part hereof and marked Exhibit C.
WHEREFORE,Petitioners request Your Honorable Court to
confirm the First and Final Account,as supplemented,and award
the balance for distribution to Equibank for further administration
in accordance with the provisions of Paragraph Sixth of the Will of
Marie C.Skelly.
Respectfully submitted,
W~l1iam"
EQUIBANKBy~ad~zf=
Susan L.stout
Trust Officer,Co-Trustees
under the Will of John S.Skelly
for the benefit of Marie C.
Skelly -Trust A
-5-
,,.
".-L
LAST WILL AND TESTM4ENT
Ql
JOHN SCOTT SKELLY
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I,JOHN SCOTT SKELLY,of the City of Monongahela,
Washington County,Pennsylvania,make and publish this my Last
WIll and Testament,hereby revoking and making void all former
I direct that my Executors,hereinafter named,
I glY',devise and bequeath unto my Wife,Marie
I hereby give,devise and bequeath tc The First
SECOND:
THIRD:-
ehall as soon as conveniently may be done,pay all my just debts,
eluding a suitable monument ~or my burial place.
tuneral expenses and expens~s of the settl.ment of my estate,In-
c.Skelly,as her absolute property,all .y personal effects auch
as jewelry,household furniture and all other articles of domestic
and personal uses.
National Bank of McKeesport,Pennsylvania,or its succes8ors,
Marie C.Skelly,my wife,and William Sherwood Skelly,my 80n,or
the survivor of the last two mentioned,IN TRUST NEVERTHELESS,a
portion of my estate,the value of which shall be exactly the sum
needed to obtain the maximum marital deduction in determining the
Federal estate tax on my estate,less the value of other property
and interests passing,or that have passed,from me to my Wife,
Marie C.Skelly,otherwise than under this paragraph of my Will,
but only to the extent that said property or interests is included
in my gross estate for federal estate tax purposes and is allow-
able as a marital deduction,and in computing the value.of the
property passing under this clause,the final determinations to
the federal estate tax proceeding shall control and only assets.
I WIlla by me at any time made.
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1?xhibit A
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,that qualify for said deduction shall pass under this clause;toi;,
i:hold in the same form in which it is received or to sell the same,;
or any part thereof,to manage,invest and reinvest and to collect
decease so long as she may live.
I hereby authorize and empower my said wife to make testa-
installments,but at least semi-annually from the date of my
necessary expenses properly chargeable thereto,to pay to my wife,
mentary disposition of the balance of this trust estate and direct
Marie C.Skelly,the net income arising therefrom in convenientIi
I:II
1\,I
IirdIi~I
"and received the income arising therefrom,and after deducting all
I'iiII
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my said trustees to convey,transfer,deliver and pay over to such
person or persons,including her estate,in such proportions and
in such manner,whether in trust or otherwise,as she may direct
and appoint in and by her Last Will and Testament,and in default
of such testa~entary disposition,then I direct that upon the
death of my said wife,the balance remaining in said trust estate
shall become a part of and shall be disposed of in the manner
hereinafter provided for my residuary estate as set forth in the
Fourth clause of this my Last Will and Test~ent.Also,in the
event that my said wife does not survive me,then this portion ofj,
i my estate shall be added to my residuary estate.
\
j,All property devised and bequeathed,In Trust,by this
paragraph shall be held and administered by said trustees,or
their successors,as a separate trust to be known as "Trust A".
"I,FOURTH:I hereby give,devise and bequeath all the rest,
residue and remainder of my estate,of whatever nature and wherever
situated,of which I may be entitled at the time of my decease to
The First National Bank of McKeesport,Pennsylvania,or'its suc-
cessors,Marie C.Skelly,my wife,and William Sherwood Skelly,my.
son,or the survivor of the last two mentioned,IN TRUST NEVERTHE-
LESS,to hold in the same form in which it is received or to sell
the sa~e or any part thereof,to manage,invest and reinvest and
/))/:.--2-
.,_"
to collect and receive the income arising therefrom,and after
/
deducting all necessary expenses properly chargeable thereto,to
administer and distribute the same for the following uses and
purposes:
(a)To pay to my wife,Marie C.Skelly,at least
::semi-annually from the date of my decease so long as she may live,
;iIi sufficient of the income which when added to the income received
will equal one-half (l)of the total income from both of the
l:by'her from the Trust established in the Third paragraph hereof,
.,I,.
semi-annually from the date of my decease sO,long as he may
Trusts hereby established.
(b)To pay to my son,William Sherwood Skelly,at11
Ii!l
!'least
said income share and share alike,per stirpes,to the children of
accumulation thereof or addition thereto,and upon his decease to
pay over,at least semi-annually,during the lifetime of my wife
live,one-half (l)of the remaining income from said Trust and any I
I
I,
III
said William Sherwood Skelly or to the issue of any of his deceased
children;said issue of his deceased children to have divided
among them the share which their parent would have received if
living.With the understanding that children of William Sherwood
Skelly shall include any child or children legally adopted by him
as well as his natural born children and the issue or descendants
of any such adopted children.shall be construed as the lineal
and the direct descendants of my said son,with the right to
.share in my estate accordingly.Upon the death of both my son,
..William Sherwood Skelly,and my wife,Marie C.Skelly,and during
the period of twenty-one (21)years thereafter to pay over,at
least semi-annually saId income,share and share alike,'per
stirpes,to the children of William Sherwood Skelly or 'to the
issue of any of his deceased children,said issue of his deceased.
jJ)
/',-3~
.............c,
children to have divided among them the share wh~htheir parent
would have received if living.Twenty-one (21)years after the
death of both my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,to distribute the one-half (!)portion of the
principal of said Trust,together with any accumulation thereofII
Ii or addition thereto,share and share alike,per stirpes,to the'I
i I
IIhavedividedamongthemthesharewhichtheirparentwouldhave
of his deceased children,said issue of his deceased children to
event that the said William Sherwood Skelly should die leaving DO
continue as a part of this Trust,and said portion,together with
the right to receive an income therefrom,shall inure to the
i
III
Idirectdescendantslivingatthetimeforsaiddistribution,then I
:1 the aforesaid one-half (i)portion of the principal of said Trust,
,;received if liVing at the time for said distribution;and in theI
Iii;
.,children of said William Sherwood Skellr or to the issue of anyII
Ii!!i,
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:'together with any accumulation thereof or addition thereto,shall
Ii;!i,';,.
..benefit of the other beneficiaries of said Trust Estate in the
proportion as the share of each of said remaining beneficiary
ahall bear to the other or others.,
I
!
i,(c)To pay to my son,John Scott Skelly,Jr.,atI!
Ii least semi-annually from the date of my decease so long as he may
Ii live,one-half (i)of the remaining income from said Trust and
any accumulation thereof or addition thereto,and upon his decease
to pay over.at least semi-annually,during the lifetime of my
!.wife,said income,share and share alike,per stirpes,to the
children of said John Scott Skelly,Jr.,or to the issue of any of
I
ii his dec,eased children;said issue of his deceased children to have
divided among them the share which their parent would have re-
ceived if liVing.Upon the death of both my son,John Scott
Skelly,Jr.,and my wife,Marie C.Skelly,and during the period
of'twenty-onc (21)years thereafter to pay over,at least
-..'.~,:,,!'.-.
.._..------.._.(
share and share alike,per stirpes,to the children ot said John
Trust,together with any accumulation thereot or addition thereto,
both my son,John Scott Skelly,Jr.,and my wife,Marie C.Skelly"
to distribute the one-half (1)portion of-the principal of said
semi-annually said income,share and share alike,per stirpes,to
the children of John Scott Skelly,Jr.or to the issue of any of
his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have
Twenty-one (21)tears ~fter the death ofi:received if living.
IiI:ii
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said issue of his deceased children to have divided among them the
..Ii Scott Skelly,Jr.or to the issue of any ot his deceased children,
'II!
share which their parent would have received it living at the
time tor said distribution;and in the event that the said John
Scott Skelly,Jr.should die leaving no direct descendants liVing
at the time tor said distribution,then the aforesaid one-halt
(l)portion of the principal of said Trust,together with any
accumulation thereof or addition thereto,shall continue as a
part of this Trust,and said portion,together with the right to
receive an income therefrom,shall inure to the benefit ot the
o other beneficiaries of said Trust Estate in the proportion as the
share of each of said remaining beneficiary shall bear to the
other or others.
I hereby direct that neither the income from the
Trusts hereinabove established by paragraphs THIRD and FOURTH
hereof,nor the principal thereof,shall in any way become subject
1;to,or liable for the debts,liabilities,creditors,assignment,
pledges,contracts,transfer,or anticipations of any beneficiary
named in this trust,or any person who shall acquire an interest
therein,under the terms thereof,nor to any attachment or
execution for any claim of any kind or nature.
1
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-5-
!!!!!:!.:I hereby authorize and direct my Executors,here-
authorize and empower my Executors or Trustees,to sell and con-
successors,to convert int~money,as soon as can conveniently
either at public or private sale,without any liability of the
vey 1n fee simple,all my real estate,as a whole or 1n part,,
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may be done after my decease,all real estate owned by me or in
which I may have an interest,and for such purpose I do hereby
purchaser for the application,non-application or mis-application
of the purchase money,and to execute and deliver all such deeds
or other assurances as I could have done if living,and pending
such sales,I hereby authorize and direct my said Executors or
Trustees to lease my said real estate in whole or in parts upon
such terms and for such rentals as my Executors or Trustees shall
deem most advantageous to my estate;except however,that I
hereby direct that my interest in the Gray County Texas Royalty
shall not be sold,assigned or.transferred by my said Executors
or Trustees during the existence of said trust.
:,inarter named,and Trustees,hereinabove designated,or their;!I,,
il
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SEVENTH:I hereby nominate,constitute and appoint Marie
c.Skelly,my wife,and William Sherwood Skelly,my son,or the
survivor of them,as Executors of this my Last Will and Testament.
EIGHTH:I hereby authorize and empower my Executor,
Executrix and Trustees'designated in and by my said Last Will and
"Testament,or any of them,to use their or its discretion in the
payment of such State and Federal Inheritance,Estate,and
Legacy Taxes to which my estate,or the transfer of any property
thereunder may be subject,as they or it may deem wise and
prudent,and most advantageous to my said estate,and to charge
/,~]}
. r
-6-
Testament,typewritten on seven (7)shee,ts ot paper,I have here-
unto set my hand and seal this E1t:vt>Y)t6 day ot September,
....11......_/._--;/__~'._/,_/_'"_""",,-,""_'/---.../~/'_(SEAL)//////·,e ,,''-C'-'-,'r.-./,~/-/_?/-y'-I
IN WITNESS WHEREOF,to this my Last Will and
Signed,sealed,published and declared by the
A.D.1954.
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"such taxes as a part ot the expenses ot Administration.!::i
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above named John Scott Skelly,as and tor his Last Will and
Testament in the presence ot us,who,at his request,and in his'
;1 presence,and in the presence of each other,have hereunto
subscribed oUr names as witnesses thereto.
II
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-7-
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FIRST CODICIL TO LAST WILL AND TESTAMENT
take and to retain as an investment for said trust estate without
Trustee or trustees,and their successors to invest and reinvest
I,JOHN SCOTT SKELLY,Qf the City of Monongahela,Wash-I
ington County,Pennsylvania,hereby declare this present writing to
be the First Codicil to my Last Will and Testament dated SeptemberI
11th,1954.
FIRST:In addition to all other power and authority
granted to the Trustee or Trustees designated by my Last Will and
Testament and·their successors,I hereby direct that in the admiD-,,
lstration of any Trust created or established by my said Will,said
Trustee or Trustees and their successors shall have the power to I
any duty of diversification,~ny and all securities or Qther prQ-
perty,real or personal,received by said Trustee or Trustees or
their successors from my said estate.
SECO~:In addition to all other power and authority
.IgrantedtotheTrusteeorTrusteesdesignated~y ~y Last Will and I
Testament and their successors,I hereby authorize and direct said
I
isaidtrustestateinsuchstocks,bonds,mortgages,securities or
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Commonwealth of Pennsylvania.
other property,real or personal,as they may believe advisable,
Western Pennsylvania National Bank,McKeesport,or its successor,
!.
1 do hereby nominate,constitute and appointTHIRD:
,:not being limited to cl~sses o~securities or investments in which
ITrusteesareauthorizedtoinvesttrustfundsunderthelawsofthe
I
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las Testamentary Guardian of the estates of any minors entitled to !
,!distribUtiOn under the terms of my Last Wi 11 and Testsmen.t,giVing:
·,'iand granting to f;aid guardian the power to agree to any distribu-.
I I'Ition of the share of said minor or minors in my estate as said ;
~gUardian may deem adVisable,giving said guardian the power to I
/Exhibit A I
/
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Idistribute both
!wards to assist
income and principal for the benefit of said minor
them in any situation wherein money may be needed,
hereby granting to said guardian all of the powers and authority
shall be charged to the representative share of aaid beneficiary
of principal made to any beneficiary by virtue of this provision
;
IIof'
!
Idistribution!
!
iThemaximumdistributioninfinaldistributionofsaidTrust.
authorized by the provisions of this paragraph shall be the Bum
or children of any of them;provided bowever,that any
FouRTH:I do hereby authorize and empower tbe Trustee or
Trustees designated by my Last Will and Testament,their survivor'
or survivors and their successors at their or its discretion,dur-
iDI tbe period after tbe deatb of .,SOD,Wi11iaD Sberwood Ske11J,I
and prior to final distribution of said Trust,from and out of tbei
ITrustestablishedbyparagraph"FOURTH"of my Last Will and Testa-;
ment for the benefit of my said son,William Sherwood Skelly,to I
pay over and deliver to his children,natural born or legally I.
adopted,aod to bis IraDdcbi1dreD,Bucb .....t of tbe·priDciPD1 ofl
said Trust,limited as hereinafter set forth,as sball be necessarr
in situations wherein money is needed;especially for the purposes:
(but not limited thereto)of providing medical and hospital ex-i
penses,for educational purposes,and for the purchasing of a homer
and also for medical and hospital expenses for the wife,busband
berein granted and/or as granted by my Last Will and Testament to
Itbe Trustee of my estate.
I
Ten Thousand ($10,000.00)Dollars for each of the children of
I i
'William Sherwood Skelly,for his or her benefit or for the benefit
I
of his or her immediate family,hereinabove designated.i
i
FIFTII~I do hereby authorize and empower the Trustee or
designated by my Last Will and Testament,their'survivor i
I
Itheiroritsdiscretion,dur-. i
son,John Scott Skelly,Jr.,
ITrustees
I'or survivors nnd their successors at
'
ling the period nfter the death of my
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the purchasing of a home;and also for medical and hospital ex-
medical and hospital expenses,for educational purposes,aDd for
firm my Last Will and Testament dated September 11th,1954.
and Testament,typewritten on three (3)sheets of paper,I have
and prior to final distribution of said Trust,from and out of the,
Trust established by paragraph "FOURTH"of 'my Last Will and Testa-,'
llment for the benefit of my said son,John Scott Skelly,Jr.,to I
pay over and de11ver to bis children and to his grandchildren,suct
Iamount of the principal of said Trust ,11mited as hereinafter set ;,I
forth,as shall be necessary in situations wherein money is n~ededr
especially for the purposes (but Dot limited thereto)of providing
I.
ipensesforthewife,husband or children of any of them;prOVided ,I :Ihowever,thnt any distribution of principal made to any benefiCiarr ri
.:
by virtue of this provision shall be charged to the representative.'
.hare of said beneficiary in final distribution of said Trust.The
maximum distribution authorized by the provisions of this para-
graph shall be the sum of Ten Thousand ($10,000.00)Dollars for
each of the children of John Scott Skelly,Jr.,for his or her
benefit or for the benefit of his or her immediate rami1y,hereiD-
labove designated.
SIXTH:In all other respects I do hereby ratify and con-I
IINWITNESSWHEREOF,to this First Codicil to my Last WillIII
hereunto set my hand and seal this 5th day of November,A.D.1958.:
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....--.f '-I
Signed,sealed,published and declared by JOlm SCOTT '
SKELLY,the Testator above named,as and for the First Codicil to i
Ihis Last Will and Testament,in the presence of us,who at his re-,Iquest ,in his presence and in the presence of each other,"have
Phereunto subscribed our names as witnesses hereto..
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SEcmlD CODICIL
TO
LAST v:ILL A~JD TESTA;'iEfn
OF
JOHN SCOTT SKELLY
I.JOH:~SCO'l'T SKELLY.of the City of Monongahe la.
Washln(ton County.Pennsylvania.declare this to be th,Second
Codicil to my Last ~ill and Testament dated September 11.1954.
FIRST:I revoke Paragraph SEVEWfH of my said Last
Will ana 'l'estament and in lieu thereof direct that the following
para~raph be substituted:
"SEVENTH:I hereby nominate.constitute and
appoint ;·;ARli::C.SKELLY.my wife.\'1ILLIAM SHERWOOD
SKELLY,my son,and WESTE~~PENNSYLVANIA NATIONAL.
BAKK,as Executors of this my Last Will and
'lestament."
SECOND:In all other respects I ratify and confirm
my Last :'!111 and Testament dated September 11,1954 and the
First Codicil ttereto dated November 5.1958.
IN WI':';~ESS WHEREOF.I have hereunto set my hand and
seal this }i.;';-/f day of _.;..../~'1..::'--'.~.;.:.:.,•..:.'.:.;-•1967.
,{"~....,i:-!".,...J.L!C:..:,·•~\---:--=--=-=-~(SEAL)~~6hn Scott-Skelly
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Signed.sealed.pUblished and declared by JOHN SCOTT
SKELLY,the Testator above named,as and for his Second Codicil
to his Last Will ana Testarr:ent,in the presence of us,who.at
his request,in his presence and in the presence of each other.
have here...nto subscribed our names as witnesses.,
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Address.~f(;TJ/-(i sc-).-iddress 1i/~"hf,u'J"IAf,u1 !J(j
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Exhibit A
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8/28/67
(
WILL
I.MARIE C.SKELLY.of the City of Monongahela,Washington
County,Pennsylvania.do make this my Will.hereby revoking any and
all Wills heretofore made by me.
FIRST:I direct that my just debts and the expenses or my
last illness and funeral be paid out of my estate as soon as may be
convenient after my death.
SECOND:
(A)If my husband.JOHN SCOTT SKELLY.survives me.I
bequeath all household furnishings to him.
(B)I direct my Executor to distribute my jewelry.clothes,
personal effects and other tangible personal property,together with
any policies of insurance thereon.in accordance with written instruc-
tions prepared by me.which may be changed from time to time by me
after the execution of this Will.and which will be found in a separate
envelope In my safe deposit box.
(C)I bequeath any tangible personal property not disposed
of by me by the terms of sa1d 1nstructions.together with any policies
of insurance thereon.to my stepsons.WILLIAM S.SKELLY and JOHN SCOTT
SKELLY.JR ••who survive me.in such shares as they may each select,
and the rest of such property shall be sold and the proceeds added to
my residuary estate.
THIRD:I make the following bequests:
(a)Ten Thousand Dollars ($10.000)to my sister.ELIZABETH
D.REED.if she survives me.or.if she does not survive me.to her
issue who survive me,per stirpes.
Certified to 'be a true copy.
-Exhibit B
lLt~)rn.';y for
(
(B)Ten Thousand Dollars ($10,000)to my brother,JAMES
STEWART CHARLTON,JR.,if he survives me,or,if he does not survive
me,to his issue who survive me,per stirpes.
(C)Ten Thousand Dollars ($10,000)to my brother,AARON
AUGUSTUS CHARLTON,if he survives me,or,if he does not survive me,
to his issue who survive me,per stirpes.
(D)Five Thousand Dollars ($5,000)to my cousin,GAZELLE
RUSK BOETTICHER,if she survives me.
(E)Two Thousand Dollars ($2,000)to my employee,TOMMY S.
THOMPSON,if he survives me.
(F)Two Thousand Dollars ($2,000)to my employee,LUCILLE
P.BROCKINGTON,if she survives me,to be applied against the unpaid
balance,if any,of a Judgment note held by me and made by LUCILLE P.
BROCKINGTON and her husband,FRANK BROCKINGTON,originally in the
principal amount of $2,800,any amount not so applied to be paid to
LUCILLE P.BROCKINGTON.
(G)Two Thousand Dollars ($2,000)to my employee,GLADYS
MAY,if she survives me,to be applied to the unpaid balance under
certain Articles of Agreement which I have heretofore entered into
with GLADYS r~Y and FRANK MAY,her husband,with respect to property
situate in the Second Ward of the City of Monongahela,Washington
County,Pennsylvania,any amount not so applied to be paid to GLADYS
MAY.
FOURTH:I direct my Executor to payout of my residuary
estate passing under Paragraph SIXTH hereof,all estate,inheritance,
-2-
.....,'.".,..,
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transfer,succession,legacy and similar taxes imposed upon or payable
because of my death with respect to any property or interest in property
which may be included as part of my estate for the purposes of such
taxes,whether or not such property passes under this Will,at such
times and in such manner as my Executor in its discretion may determine,
and no part thereof shall be collected from or prorated among any person
or persons receiving or in possession or receiving the benefit of the
property or interest in property being taxed.In the absolute discre-
tion of my Executor,such taxes may be paid immediately,or the payment
thereof with respect to any future or remainder interest may be post-
poned until the time possession thereof accrues to the beneficiaries,
in which event such taxes shall be paid by the Trustee out of the corpus
of the trust subject thereto.
~:Under Paragraph THIRD of the Last Will and Testament
of my husband,JOHN SCOTT SKELLY,I am given a power of appointment.I
do hereby exercise said power of appointment in favor of WESTERN
PENNSYLVANIA NATIONAL BANK,as Trustee,to be held in trust and ad-
ministered for the uses and purposes set forth in Paragraph SIXTH of
this Will.
~:All the rest,residue and remainder of my estate,
both real and personal,and wherever situate,including all property
and estate over which I have a power of appointment under Paragraph
THIRD of the Last Will and Testament of my husband,JOHN SCOTT SKELLY,
after the payment therefrom of all estate,inheritance,transfer,suc-
cession,legacy and similar taxes as provided in Paragraph FOURTH
hereof,I give,devise and bequeath to WESTERN PENNSYLVANIA NATIONAL
BANK,as Trustee,in trust,nevertheless,for the following uses and
purposes:
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(A)The Trustee shall divide the corpus of the trust estate
into two equal shares,one for the benefit of my stepson,WILLIAM S.
SKELLY,and his family,and the other for the benefit of my stepson.
JOHN SCOTT SKELLY,JR ••and his fam11y.
(1)The share set apart for the benefit of my stepson,
WILLIAM S.SKELLY,and his family shall be held in trust for
the following uses and purposes:
(a)The Trustee shall set apart in a separate
trust the sum of Forty Thousand Dollars ($40,000)
from the corpus of such share for the benefit of
MARTHA SHERRATT SKELLY,who is presently the Wife
of WILLIAM S.SKELLY,it she is then liVing and has
not remarried.
(1)The Trustee shall pay the sum of
Two Thousand Five Hundred Dollars ($2,500)
per year from the income and corpus,it
necessary,ot SUch separate trust to,or
expend the same tor the benefit of,MARTHA
SHERRATT SKELLY until (a)her death,(b)her
remarriage or (c)the exhaustion of the
corpus ot such separate trust,whichever
event shall first occur.
(li)Upon the termlnatlon ot the pay-
ments to MARTHA SHERRATT SKELLY as aforesaid,
the then corpus,if any,ot such separate
trust shall be added to the corpus ot any other
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trust or trusts created hereunder then in
existence for the benefit of WILLIAM S.
SKELLY or his children,or if there be no
such trust then in existence,the then corpus
of such separate trust shall be distributed
to the issue of WILLIAM S.SKELLY living at
the time of such distribution,per stirpes,
or if he has none,to the issue of JOHN SCOTT
SKELLY,JR.,living at the time of such dis-
tribution,per stirpes.
(b)The net income of such share shall be paid to,
or expended for the benefit of,my stepson,WILLIAM S.
SKELLY,for life.
(c)Upon the death of my stepson,WILLIAM S.SKELLY,
or upon my death if he does not survive me,the Trustee
shall divide the corpus of such share into as many equal
shares as there shall be children of said stepson then
liVing and children of said stepson then deceased with
issue then living.
(i)Each share set apart for the then
liVing issue of a deceased child of said stepson
shall be delivered to such child's then living
issue,per stirpes,subject to the provisions
of the minor beneficiary clause contained in
Paragraph SEVENTH hereof.
(ii)Each share set apart for a living child
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!-'1
of sald stepson shall be held In a separate trust,
and the Income therefrom shall be pald Quarter-
annually to,or applIed for the benefIt of,such
chl1d untIl he or she attalns the age of forty
(40)years,together wIth so much,or all,of the
corpus as the Trustee may,In Its dIscretIon,deem
advIsable for the health,educatIon (lncludlng
college,graduate and professlonal educatIon),
malntenance and support of such chl1d.The Trustee
shall dlstrlbute to such chIld the corpus of hls or
her separate trust as follows:One-half of the
corpus of the separate trust at Its then appraIsed
value when such chl1d attalns the age of thIrty (30)
years and the balance of sald corpus when such chIld
attains the age of forty (40)years.
(iii)If any child of said stepson should die
before the complete termination of his or her trust,
the remaining corpus thereof shall be distributed,
per stirpes,to such child's survIvIng Issue,or if
he or she has none,to the then survIvIng Issue of
said stepson or,If there be no such issue,to such
Issue of my husband,JOHN SCOTT SKELLY,as may then
be survivIng,per stIrpes.provided,however,that
any share thereby accruing to any living chIld of
saId stepson shall be added to his or her separate
trust hereunder,If the same is stIll In exIstence.
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(2)The share set apart for the benef1t of my stepson,
JOHN SCOTT SKELLY,JR.,and h1s family shall be held 1n trust
for the follow1ng uses and purposes:
(a)The Trustee shall set apart in a separate
trust the sum of Forty Thousand Dollars ($40,000)
from the corpus of such share for the benef1t of
LILLIAN PAYROW SKELLY,who is presently the wife
of JOHN SCOTT SKELLY,JR.,if she 1s then living
and has not remarr1ed.
(1)The Trustee shall pay the sum of
Two Thousand F1ve Hundred Dollars ($2,500)
per year from the income and corpus,if
necessary,of such separate trust to,or
expend the same for the benefit of,LILLIAN
PAYROW SKELLY until (a)her death,(b)her
remarr1age or (c)the exhaust10n of the
corpus of such separate trust,whichever
event shall first occur.
(ii)Upon the termination of the pay-
ments to LILLIAN PAYROW SKELLY as aforesaid,
the then corpus,if any,of such separate
trust shall be added to the corpus of any other
trust or trusts created hereunder then 1n
existence for the benefit of JOHN SCOTT SKELLY,
JR.,or his children,or if there be no such
trust then in existence,the then corpus of
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such separate trust shall be distributed to
the issue ot JOHN SCOTT SKELLY,JR.,living
at the time of such distribution,per stirpes,
or if he has none,to the issue of WILLIAM S.
SKELLY Hving at the time of such distribution,
per stirpes.
(b)The net income of such share shall be paid to,
or expended for the benefit of,my stepson,JOHN SCOTT
SKELLY,JR.,for life.
(c)Upon the death of my stepson,JOHN SCOTT SKELLY,
JR.,or upon my death if he does not survive me,the
Trustee shall divide the corpus of such share into as
many equal shares as there shall be children of said
stepson then Hving and children of said stepson then
deceased with issue then liVing.
(i)Each share set apart for the then
liVing issue of a deceased child of said steplon
shall be distributed to such child's then living
·issue,per stirpes,sUbject to the provisions of
the minor beneficiary clause contained in Para-
graph SEVENTH hereof.
(ii)Each share set apart for a liVing
child of said stepson shall be held in a separate
trust,and the income therefrom shall be paid
Quarter-annually to,or applied for the benefit
of,such child until he or she attains the age of
forty (40)years,together with so much,or all,
-8-
(l'
of the corpus as the Trustee may,in its discre-
tion,deem advisable for the health,education
(including college,graduate and professional
education),maintenance and support of such
living child.The Trustee shall distribute to
such child the corpus of his or her separate
trust as follows:One-half of the corpus of the
separate trust at its then appraised value when
such child attains the age of thirty (30)years
and the balance of said corpus when said child
attains the age of forty (40)years.
(iil)It any chl1d of said stepson should
die before the complete termination of his or her
trust,the remaining corpus thereof shall be
distributed,per stlrpes,to such chlld's sur-
vivlng Issue,or If he or she has none,to the
then surv1vlng 1ssue of said stepson or,If there
be no such Issue,to such issue ot my husband,
JOHN SCOTT SKELLY,as may then be surviving,per
stlrpes;provlded,however,that any share thereby
accrulng to any liv1ng chlld of said stepson shall
be added to hls or her separate trust hereunder,
If the same Is stl11 In exlstence.
(B)If any trust hereunder has not already termlnated by
Its terms,It shall term1nate at the explratlon of twenty-one (21)
years after the death of the last to surv1ve among such Issue of my
stepsons a8 were l1ving at the time of my death.The princlpal shall
-9-
then be distributed,absolutely,to the persons then receiving income,
or the benefit thereof,in proportion to their respective shares of
income.
(C)If,at the termination of any trust hereunder,there is
no person named or described herein capable of receiving distribution
of any trust hereunder,the Trustee shall distribute the then trust
estate of such trust to the person or persons entitled thereto under
the intestate laws of the Commonwealth of Pennsylvania then in force
with like effect as if I had died at that time intestate,unmarried
and domiciled in Pennsylvania,and owned in my own right the assets
constituting the trust estate of such trust.
SEVENTH:If any beneficiary entitled to receive a share of
corpus of my estate shall be a minor, such share shall not be distri-
buted to him or her,but shall be held by the Trustee in a separate
trust for such minor until he or she attains the age of twenty-one
(21)years,at which time such share shall be distributed to him or
her free of trust.Ouring such minority the Trustee shall distribute
so much of the income and corpus of such share as it deems advisable
for said minor's welfare,comfort,recreation,support and education,
to the person having custody of him or her without liability on the
part of the Trustee to see to the application thereof or shall use it
directly for such purposes and shall add any remaining income to corpus
to be invested as such.If such beneficiary dies while a minor,the
Trustee shall distribute the remainder of such minor's share to the
persons entitled to his or her personal estate.
EIGHTH:
(A)The interests of the beneficiaries under this Will
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."'~'.:,.,"'.;:...
shall not be subject to anticipation or to voluntary or involuntary
alienation and the corpus and income shall be paid by the Trustee
directly to or for the use of the beneficiary entitled thereto,with-
out regard to any assignment,order,attachment or claim whatever.
(B)As used in this Will,the terms "child","children"and
"issue"and similar terms shall include adopted children,regardless
of the date of adoption,with full effect as if they were the natural
children of the adopting parents.
(C)Income accrued on any property received by the Trustee
either at the inception of any trust or as an addition thereto shall
be treated as income and not as corpus.Upon the death of any bene-
ficiary of income,any undistributed income then held by the Trustee
for such beneficiary shall be paid to the person or persons for whose
benefit the corpus producing such income is continued in trust or to
whom it is distributed under the terms hereof.
~:
(A)In the administration of the trusts herein created,the
Trustee shall have,in addition to and not in limitation of any authority
given to it by law and without the necessity of obtaining the consent
of any court,the following powers:to accept in distribution of my
estate and to retain investments and property which are a part of my
estate;to invest and reinvest the corpus of the trust estate in any
kind of property,real or personal,or part interest there1n,or in any
common trust fund maintained by the Trustee,without being restr1cted
to investments which are legal for trust funds;to give options for
sales,leases and exchanges;to borrow money;to exercise any options
Which may be owned or possessed by me at my death for purchases of
-11-
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securities or other personal or real property in such manner as it
shall deem to be in the best interests of the trusts and the benefi-
ciaries thereof;to sell,pledge,exchange or mortgage any real or per-
80nal property;to compromise claims;to lease real or personal property
for terms exceeding five (5)years;to Join in or oppose the merger,
consolidation,reorganization or readjustment of the financial structure
of any firm or corporation in which the trust estate may have an interest;
to carry securities in the name of a nominee;to vote securities in
person or by proxy;to distribute the trust estate either in cash or in
kind and to purchase insurance on the life of,or for the health of,any
income beneficiary and to pay premiums on the same out of income or
corpus as the Trustee in its sole discretion deems advisable.
(B)The Trustee may resign at any time by petitioning a
court of competent Jurisdiction to designate and appoint a successor
Trustee.In case of the merger or consolidation of the Trustee the
resultant company shall become successor Trustee hereunder without
notice to any party.
(C)The Trustee shall be entitled to receive annually compen-
sation for its services hereunder in accordance with its schedule of
compensation currently in effect when the services are performed,pro-
vided,however,that such compensation shall not be in excess of such
compensation as would be approved by a court of competent Jurisdiction.
(D)No Trustee,whether named herein or a successor Trustee,
shall be required to give or file any bond or other security in order
to qualify as such or in order to exercise any power,authority or
discretion given to or vested in it herein or by law.
-12-
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(E)I request,but do not direct,the Trustee to seek and
obtain the advice and counsel of my stepson,WILLIAM S.SKELLY,if he
is able and willing to give the same,as to all matters relating to
the investment and management of the corpus of the trust estate.
(F)Each and every power,authority and discretion given
to or vested in the Trustee hereunder or by law,whatever may be the
nature or extent thereof,shall be freely exercisable by it at any
time and from time to time in its sole and absolute discretion as it
alone shall determine.No exercise thereof shall be open to question
in any manner whatsoever,and each exercise or non-exercise thereof
shall be binding upon each and every person having an interest in the
trust estate.
TENTH:
(A)I do hereby nominate,constitute and appoint WESTERN
PENNSYLVANIA NATIONAL BANK Executor of this my Will.In case of the
merger or consolidation of the Executor,the resultant company shall
become Executor hereunder without notice to any party.
(B)No Executor,Whether named herein or a successor
Executor,shall be required to give or file any bond or other security
in order to qualify as such or in order to exercise any power,
authority or discretion given to or vested in it herein or by law.
(C)In the event any expenses of administration of my
estate shall,at the option of my Executor,be deductible either in
computing any federal income tax payable during the administration of
my estate or in computing the federal estate tax payable with respect
-13-
&••''A .~
(
'..
to my estate.my Executor shall exercise such option as it shall
determine to be in the best interests of my estate and the bene-
ficiaries thereof.In the event any such expense is deducted for
federal income tax purposes,my Executor shall not transfer from
income to corpus an amount equal to the additional federal estate
tax which my estate will be required to pay by reason of the failure
to claim any such expense as a deduction for federal estate tax
purposes.
(D)I authorize my Executor to join with my husband,or
his personal representatives,in the filing of a Joint federal income
tax return for any period for which such a return may be permitted,
without requiring him or his estate to indemnify my estate against
liability for the tax attributable to his income;and also to consent
for federal gift tax purposes to having gifts made by my husband
during his lifetime treated as having been made one-half by my husband
and one-half by me.
(E)In the administration and management of my estate.
my Executor shall have and may exercise all the powers,authorities
and discretions herein given to or vested in the Trustee,including
the power to make such investment or investments of the assets of
my estate during the administration thereof as the Executor may deem
advisable,and the power to distribute the assets of my estate in
kind to the Trustee.
ELEVENTH:By reason of an agreement and understanding
existing between us,I have made no provisions herein for the benefit
~14-
..•.:.,..:
,l.~.._,;-.
.,.I"".I '
.rf
of my husband,JOHN SCOTT SKELLY,other than as provided in Article
SECOND.
IN WITNESS WHEREOF,I have hereunto set my hand and leal
this _3;,...111.J1IL11t_day of --_I'lUl&!6;'1U~...t ,1967.
...;:.~/--=Ka=r.=.h~C:..::..-:S:=.:k::.::;.::=1.::.11~......-:-(SEAL )Marie C.Skelly
Signed,sealed,published and declared by the above named
Testatrix,MARIE C.SKELLY,as and for her Will,in the presence of
us,who,at her request,in her presence,and in the presence of each
other,have hereunto subscribed our names as witnesses•
Address 747 lin1cn 'fruIt 1\1",.
P1ttabyrtp,reene•
• 1 Q.Qgnald Gerl.oh
Address 147 UnS CD TrUll J!ju1 Hhl
~I 1ob"p,0,-11,3r.
Address 141 Uolon Trust.Bld••
PUtuwrgn.Pa.
-15-
-"._.~.__._-
6/19/70
_'..1.__.•..•__••_
(~".•I•
£Q~!£!~
(CONFORMED COpy)
I,~~RIE C.SKELLY,of the City of Monongahela,
Washington County,Pennsylvania,do make this a Codicil to
my Will dated August 31,1967.
1.I hereby amend Paragraph THIRD of my said Will
by adding thereto new;subparagraphs (H)and (I)as follows:
"(H)Five Thousand Dollars ($5,000)to
ALLEGHENY COLLEGE,Meadville,Pennsylvania,to
create a scholarship to be known as "THE MARIE
CHARLTON SKELLY ~1EMORIAL SCHOLARSHIP FUND"to
provide supplemental scholarship aid for a female
student who is entering her third year at Allegheny
College,who has financial need of such aid and who,
during her first two years at Allegheny College,
demonstrated hi9?scholastic achievement,emotional
maturity,leadership qualities and a broad range of
interests.The judgment of the administrative
authorities of the College shall be final and
conclusive in the selection of the recipient of
such scholarship aie.
(I)Five Thousand Dollars ($5,000)to THE
FIRST PRESBYTERIAN CHURCH,Monongahela,Pennsylvania."
Exhibit B
Certified to
II .._...
'~,:,.......'....:.......
.'.-'..
2.In all other respects I ratify and republish
my said Will dated August 31,1967.
IN WITNESS \~EREOF,I have hereunto set my hand and
~..'_l
seal this 23rd day of SEPTEMBER ,1970.
_1_s_I_MAR__IE_C_._SKE_LL_Y__(SEAL)
MARIE C.SKELLY
SIGNED,SEALED,PUBLISHED and DECLARED by the above-
named Testatrix,MARIE C.SKELLY,as and for a Codicil to her
Will,in the presence of us,who,at her request,in her presence
and in the presence of each other have hereunto subscribed our
names as witnesses.
lsi Carl E.Glock,Jr.lsi Carol Scozio
747 Union Trust Bldg.ADDRESS _
Pi~tsburgh,Pa.
ADDRESS 747 Union Trust Bldg.
Pittsburgh,Pa.
lsi G.Donald Gerlach
ADDRESS 747 Union Trust Building
Pittsburgh,Pa.
-2-
J (I ,I •._
JOHN S.SKELLY
TRUST "A"
Receipts since First and Final Account:
J.Kosar mortgage balance transferred
from Marie C.Skelly Estate (balance
due $82,973.05)
Common Fund Distributions:
Equibank Collective Income Fund "A"
received 7/10/81.
Equibank·Co11ective Municipal Fund lie"
received 7/10/81
Dividends:
Koppers,Inc~received 6/15/81
United Technology received 6/10/81
American Telephone and Telegraph
received 7/1/81
Equimark received 6/30/81
Exxon received 6/10/81
Florida Power and Light received 6/15/81
General Electric Company received 7/27/81
Georgia Pacific Corporation received 6/15/81
International Business Machines
received 6/10/81
Minnesota Mining and Manufacturing Company
received 6/12/81
Pittsburgh Plate Glass Industries,Inc.
received 6/12/81
Sears Roebuck and Company received 7/2/81
Texaco,Inc.received 6/10/81
United States Steel Corporation
received 6/10/81
Mortgage Payments:
J.Kosar mortgage payment received 7/22/81
J.Kosar mortgage··interest payment
received 7/22/81
Gain on Conversion of Assets:
$52,888.09
1,959.53
723.44
337.50
382.50
2,160.00
967.68
1,200.00
456.00
372.00
150.00
344.00
300.00
531.00
374.00
1,470.00
415.00
70.08
553.62
1981
July 10 Sale,830 shares United States Steel Corporation
Total Receipts
Exhibit C
2,204.01
$67,858.45
i ..J',j;......
JOHN S.SKELLY
TRUST nAn
Disbursements since First and Final Account:
1981
July 17 Transfer to Marie C.Skelly Estate,
purchase of J.Kosar mortgage
July 23 Transfer to Marie C.Skelly Estate,
income earned prior to date of death
July 27 William Skelly,income distribution
July 27 John Skelly,income distribution
Aug.4 Equibank,additional income compensation
Loss on Conversion of Assets:
$52,888.09
12,162.63
6,000.00
6,000.00
449.11
Total Disbursements
July 10 Sale,500 shares Georgia Pacific Corpor~tion
1981
July 9 Sale,400 shares Minnesota Mining and
Manufacturing Company 1,668.77
1,065.45
$80,234.05
"
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
JOHN S,SKELLY,
DECEASED
It
ORPHANS'COURT DIVISION
NO.63-69-0118
PETITION FOR DISTRIBUTION
"CODE "
TRUST UNDER WILL
PRESENTED ON BEHALF OF
WILLIAM S.SKELLY (NOW
DECEASED)AND THE
UNION NATIONAL BANK OF
PITTSBURGH,SUCCESSOR TRUSTEE
COUNSEL OF RECORD
VERNADEAN PASSODELIS
PA I.D.#39156
REED,SMITH,SHAW AND
MCCLAY
FIRM #234
435 SIXTH AVENUE
P.o.BOX 2009
PITTSBURGH,PA 15230
(412)288-3131
(412)288-3192
Petition Sur Audit
In The orphans'Court of Washington County
Estate of JOHN S.SKELLY,
DECEASED
For WILLIAM S.SKELLY AND JOHN SCOTT
SKELLY,JR.
Filed at No 63-69-0118
Fiduciary THE UNION NATIONAL BANK OF
PITTSBURGH
SUCCESSOR TRUSTEE
Place of record of appointment
noted
Register of Wills of Washington
County,Pennsylvania
Date of trust November 5,1985,being the date when petitioner
received assets and cash subsequent to Decree (see below)
If there have been former accounts
filed in this estate,list:
A First and Final Account of Equibank (formerly Western
Pennsylvania National Bank)and William Sherwood Skelly,
Trustees under the will of John S.Skelly,Deceased,for William
S.Skelly and John Scott Skelly,Jr.Trust "B",was filed in
your Honorable Court dated April 29,1985,and upon audit
thereof,a Decree of Distribution was entered on September 16,
1985 at No.63-69-0118,directing distribution of the balance
for distribution to The Union National Bankof pittsburgh,
Successor Co-Trustee and William S.Skelly,Co-Trustee,for the
benefit of William S.Skelly and John Scott Skelly,Jr.
Reason for filing this account William S.Skelly,one of the
life tenants and Co-Trustee,died May 10,1990.
All persons having any interest,vested or contingent (including
claimants),in the fund now before the Court with the nature of
their interests are:
The Union National Bank of Pittsburgh,Successor Trustee
Trusts for:
John Scott Skelly,Jr.
-1-
1/2 share life tenant
Linda Kosar (daughter of
William S.Skelly,deceased)
Robert Skelly (son of
William S.Skelly,deceased)
1/4 share life tenant
until 5/10/2011 (21 years
after death of William S.
Skelly)
1/4 share life tenant
until 5/10/2011 (21 years
after death of William S.
Skelly)
All of said parties have received notice as required by the
Court Rules except as follows:
Copies of Notice Letters dated August 28,1990 are attached.
The fund now before the Court is sUbject to the following taxes:
NONE
Set forth any legal problems requ1r1ng adjudication by the Court
or difficulties that must be met in distribution:
Pursuant to Article Fourth of the will and Codicils thereto,
the trust estate was held as one fund for the benefit of the
Testator's sons,William S.Skelly and John Scott Skelly,Jr.
Article Fourth of the will provides as follows:
"•..(b)To pay to my son,William Sherwood
Skelly,at least semi-annually from the date of
my decease so long as he may live,one-half (1/2)
of the remaining income from said Trust and any
accumulation thereof or addition thereof,and
upon his decease to pay over,at least semi-annually,
during the lifetime of my wife said income share and
share alike,per stripes,to the children of said
William Sherwood Skelly or to the issue of any of
his deceased children;said issue of his decease
children to have divided among them the share which
their parent would have received if living.with
the understanding that children of William Sherwood
Skelly shall include any child or children legally
adopted by him as well as his natural born children
and the issue or descendants of any such adopted
children,shall be construed as the lineal and the
direct descendant of my said son,with the right
to share in my estate accordingly.Upon the death
of both my son,William Sherwood Skelly,and my
-2-
wife,Marie C.Skelly,and during the period of
twenty-one (21)years thereafter to pay over,at
least semi-annually said income,share and share
alike,per stripes,to the children of William
Sherwood Skelly or to the issue of any of his
deceased children,said issue of his deceased
children to have divided among them the share which
their parent would have received if living.
Twenty-one (21)years after the death of both my son,
William Sherwood Skelly,and my wife,Marie C.
Skelly,to distribute the one-half (1/2)portion of
the principal of said Trust,together with any
accumulation thereof or addition thereto,share and
share alike,per stripes,to the children of said
William Sherwood Skelly or to the issue of any of
his deceased children,said issue of his deceased
children to have divided among them the share which
their parent would have received if living at the
time for said distribution;and in the event that the
said William Sherwood Skelly should die leaving no
direct descendants living at the time for said
distribution,then the aforesaid one-half (1/2)
portion of the principal of said Trust,together
with any accumulation thereof or addition thereto,
shall continue as a part of this Trust,and said
portion,together with the right to be receive an
income therefrom,shall inure to the benefit of
the other beneficiaries of said Trust Estate in the
proportion as the share of each of said remaining
beneficiary shall bear to the other or others.
(c)To pay my son,John Scott Skelly,Jr.,at
least semi-annually from the date of my decease
so long as he may live,one-half (1/2)of the
remaining income from said Trust any
accumulation thereof or addition thereto,and upon
his decease to pay over,at least semi-annually,
during the lifetime of my wife,said income,share
and share alike,per stripes,to the children
of said John Scott Skelly,Jr.,or to the issue of
any his deceased children;said issue of his
deceased children to have divided among them the
share which their parent would have received if
living.Upon the death of both my son John Scott
Skelly,Jr.,and my wife,Marie C.Skelly,and
the period of twenty-one (21)years thereafter to
pay over,at least semi-annually said income,share
and share alike,per stripes,to the children of
-3-
John Scott Skelly,Jr.or to the issue of any of
his deceased children,said issue of his deceased
children to have divided among them the share
which their parent would have received if living.
Twenty-one (21)years after the death of both my
son,John Scott Skelly,Jr.,and my wife,Marie C.
Skelly,to distribute the one-half (1/2)portion of
the principal of said Trust,together with any
accumulation thereof or addition thereto,share and
share alike,per stripes,to the children of said
John Scott Skelly,Jr.or to the issue of any of
his deceased children,said issue of his deceased
children to have divided among them the share which
their parent would have received if living at the
time for said distribution;and in the event that
the said John Scott Skelly,Jr.should die leaving
no direct decedents living at the time for said
distribution,then the aforesaid one-half (1/2)
portion of the principal of said Trust,together
with any accumulation thereof or addition thereto,
shall continue as a part of this Trust,and said
portion,together with the right to received an
income therefrom,shall inure to the benefit of the
other beneficiaries of said Trust Estate in the
proportion as the share of each of said remaining
beneficiary shall bear to the other or others."
Furthermore,Articles Fourth and Fifth of the First Codicil
provides as follows:
"FOURTH:I do hereby authorize and empower
the Trustee or Trustees designated by my Last will
and Testament,their survivor or survivors and
their successors at their or its discretion,during
the period after the death of my son,Wi~liam
Sherwood Skelly,and prior to final distribution
of said Trust,from and out of the Trust established
by paragraph "FOURTH"of my Last will and Testament
for the benefit of my said son,william Sherwood
Skelly,to pay over and deliver to his children,
natural born or legally adopted,and to his grand-
children,such amount of the principal of said
Trust,limited as hereinafter set forth,as shall
be necessary in situations wherein money is needed;
especially for the purposes (but not limited thereto)
of providing medical and hospital expenses,for
-4-
educational purposes,and for the purchasing of a
home;and also for medical and hospital expenses
for the wife,husband or children of any of them;
provided however,that any distribution of principal
made to any beneficiary by virtue of this provision
shall be charged to the representative share of said
beneficiary in final distribution of said Trust.The
maximum distribution authorized by the provisions of
this paragraph shall be the sum of Ten Thousand
($10,000.00)Dollars for each of the children of
William Sherwood Skelly,for his or her benefit or
for the benefit of his or her immediate family,
hereinabove designated.
FIFTH:I do hereby authorize and empower the
Trustee or Trustees designated by my Last will and
Testament,their survivor or survivors and their
successors at their or its discretion,during the
period after the death of my son,John Scott Skelly,
Jr•.,and prior to final distribution of said Trust,
from and out of the Trust established by paragraph
"FOURTH"of my Last will and Testament for the benefit
of my said son,John Scott Skelly,Jr.,to pay over and
deliver to his children and grandchildren,such amount
of the principal of said Trust,limited as hereinafter
set forth,as shall be necessary in situations
wherein money is needed;especially for the
purposes (but not limited thereto)of providing
medical and hospital expenses,for educational
purposes,and for the purchasing of a home;and
also for medical and hospital expenses for the
wife,husband or children of any of them;provided
however,that any distribution of principal made
to any beneficiary by virtue of this provision
shall be charged to the representative share of
said beneficiary in final distribution of said
Trust.The maximum distribution authorized by the
provisions of this paragraph shall be the sum of
Ten Thousand ($10,000.00)Dollars for each of the
children of John Scott Skelly,Jr.,for his or
her benefit or for the benefit of his or her
immediate family,hereinabove designated."
Due to the fact that 1/2 of the funds,initially held for
the benefit of William S.Skelly now held for his children,will
be available for distribution on May 10,2011 (21 years after
the death of William S.Skelly);your petitioner is requesting
-5-
your Honorable Courts permission to establish three separate
trusts pursuant to Section 7191 of the Pennsylvania Estates and
Fiduciaries Code.This separation of the trust assets will
allow greater investment flexibility in meeting the objectivies
and particular needs of each trust and its beneficiaries.A 1/2
share will be held in trust for the benefit of John Scott
Skelly,Jr.and 'a 1/4 share will be held in trust for each of
William S.Skelly's children;one for the benefit of Linda Kosar
and one for the benefit of Robert Skelly.
The consents of each beneficiary are attached hereto and
marked Exhibits A,A-I,and A-2.
Balance for distribution per account,Principal
Income
Additional debits not shown in account:
Principal -Personalty
Conversion of Assets into Cash
$429,783.52
$353.30
$36,400.00
36,400.00
$36,400 Federated Trust for Short-
Term united States Government
Securities Fund
Redeemed 9/13/90
Carrying value
$0.00
Income -Personalty
Exxon Corporation,Common
1,600 shares 9/11/90
International Business Machines
Corporation,Common
300 shares 9/11/90
PPG Industries,Incorporated
Common
1,600 shares 9/13/90
Rohm and Haas Company,Common
700 shares 9/5/90
-6-
$960.00
363.00
672.00
217.00
Total additional debts
united Technologies Corporation,
Common
600 shares 9/11/90
united states of America Treasury
Bond 8.375%
$60,000 2/15/90 -8/15/90
Federated Trust for Short-Term
united states Government
Securities Fund
8/11/90 -8/31/90
$270.00
2,512.50
258.33
/$5,252.83
$5,252.83
Additional credits not shown in account:
Principal -Personalty
NONE
Income -Personalty
$0.00
The Union National Bank of Pittsburgh
Principal Compensation for
period ending 8/21/90 $212.35
Income fee for period
7/26/90 -8/27/90 246.43
8/31/90 $458.78/
Total additional credits $458.78
Balance for distribution Principal
Income
Total
$429,783.52
$5,147.35
$434,930.87
If the balance for distribution is not in cash,list items held
in kind with carrying value designated,and if this is a
distribution account,file elections to take in kind for all
items so listed:
-7-
The balance for distribution as shown in the additional debits
and credits to the First and Final Account is to be awarded in
accordance with the proposed Schedule of Distribution attached
hereto and marked Exhibit "B".
Receipts for advance principal cash distributions are attached
hereto and marked Exhibits "C"and "C-l".
Set forth accountants suggestion as to manner and form of
distribution to be made,awards to be stated in proportions
unless specific amounts or items are designated by instrument
under which estate is being distributed:
Distribution in accordance with proposed Schedule of
Distribution attached hereto and marked Exhibit "B".
COUNTY OF ALLEGHENY,
SS
COMMONWEALTH OF PENNSYLVANIA,
The above named Fiduciary or
representative thereof,being duly
sworn doth depose and say
that the facts set forth in the
foregoing petition are true to the
best of her knOWledge and belief.
sw~rnJ~9pnd.subsc~e~e~oremeThl.s~day of ~L~
1990
Signature of
Office expires
Notarial Seal
Kathleen M.Cramer,NotaryPubfic
pittsburg!i,:\lIegheny County
My Commission Expires July 26,1993
Member,PennsylvaniaAssociation of Notaries
-8-
And your petitioner will
ever pray,etc.
THE UNION NATIONAL BANK OF
PITTSBURGH
ROBERTA L.MILLIG
TRUST OFFICER
RE:JOHN S.SKELLY
TESTAMENTARY TRUST
F/B/O WILLIAM AND JOHN
The undersigned,John S.Skelly,Jr.,does hereby consent to the
creation of a separate trust for his benefit from the assets now
held in the John Skelly Testamentary Trust for the benefit of
William Skelly and John S.Skelly,Jr.,pursuant to Section 7191
of the Pennsylvania Estates and Fiduciaries Code,and in accordance
with the proposed Schedule of Distribution.
WITNESS:
EXHIBIT "A"
RE:JOHN S.SKELLY
TESTAMENTARY TRUST
F/B/o WILLIAM AND JOHN
The undersigned,Robert Skelly,does hereby consent to the
creation of a separate trust for his benefit from the assets now
held in the John Skelly Testamentary Trust for the benefit of
William Skelly and John S.Skelly,Jr.,pursuant to Section 7191
of the Pennsylvania Estates and Fiduciaries Code,and in accordance
with the proposed Schedule of Distribution.
WITNESS:
EXHIBIT "AJJ.1"
RE:JOHN S.SKELLY
TESTAHENTARY TRUST
FIB/o HILLIM!AND JOHN
The undersigned,Linda Kosar,does hereby consent to the
creation of a separate trust for her benefit from the assets now
held in the John Skelly Testamentary Trust for the benefit of
William Skelly and John S,Skelly,Jr"pursuant to Section 7191
of the Pennsylvania Estates and Fiduciaries Code,and in accordance
with the proposed Schedule of Distribution.
Linda Kosar
WITNESS:
EXHIBTr "A-2"
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
...~)
Shares Principal -Personalty
Stocks
Account
Value
Market
Value Shares
The Union National Bank
of Pittsburgh,Successor
Trustee Remain in Trust
for
John Scott Skelly,Jr.
1/2 Share
Account Market
Value Value
600
1,600
1,200
940
300
1,600
400
700
500
600
Bell Atlantic Corporation,
Common
Exxon Corporation,Common
FPL Group,Incorporated,
Common
General Electric Company,
Common
International Business
Machines Corporation,
Common
PPG Industries,
Incorporated,Common
Pennsylvania Power and
Light Company,Common
Rohm and Haas Company,
Common
USF&G Corporation,$4.10
Exchangeable Convertible
Preferred
United Technologies
Corporation,Common
$19,580.00
18,028.00
16,727.00
12,639.48
23,895.75
9,680.00
14,376.00
6,751.50
24,930.90
18,101.94
$26,650.00
80,000.00
32,700.00
58,280.00
30,562.50
73,400.00
16,050.00
20,825.00
18,812.50
29,325.00
EXHIBIT "B"
300
800
600
470
150
800
200
350
250
300
$9,790.00
9,014.00
8,363.50
6,319.74
11,947.87
4,840.00
7,188.00
3,375.75
12,465.45
9,050.97
$12,825.00
40,000.00
16,350.00
29,140.00
15,281.25
36,700.00
8,025.00
10,412.50
9,406.25
14,662.50
Par
Value
$10,000
20,000
30,000
20,000
40,000
30,000
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust
for
Linda Kosar
1/4 Share
Account Market Par Account Market
Principal -Personalty Value Value Value Value Value
Bonds
Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $9,662.50 $8,543.80 $3,000 $2,898.75 $2,563.14
Cheltenham Township,PA
School District 7.80%
dated 7/1/86 due 6/1/98 20,000.00 20,205.60 5,000 5,000.00 5,051.40
Cigna Corporation,
Convertible Subordinated
Debenture 8.20%dated 6/1/88 •
due 7/10/2010 31,610.00 26,100.00 7,000 7,375.67 6,090.00
Federal Home Loan Banks
8.40%dated 6/25/87
due 6/25/92 19,850.00 20,031.20 10,000 9,925.00 10,015.60
Philadelphia,PA School
District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 40,000.00 43,035.60 10,000 10,000.00 10,758.90
Notes
-.
United States of America
Treasury 7.25%dated
11/15/86 due 11/15/96 27,843.75 27,909.30 0.00 0.00
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
Par
Value Principal -Personalty
Account
Value
Market
Value
Par
Value
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust
for
Linda Kosar
1/4 Share
Account Market
Value Value
$20,000 United States of America
Treasury 8.50%dated
11/15/88 due 11/15/91 $19,712.50 $20,093.80 $5,000 $4,928.13 $5,023.45
60,000 United States of America
Treasury 8.375%dated
2/15/90 due 2/15/93 59.914.20 60.168.60 15,000 14.978.55 15.042.15
$393,303.52 $611,692.90 $96,283.75 $150,945.89
Add back for allocation
purposes Cash Advanced
outright to:
Linda Kosar 10,000.00 10,000.00 10,000.00 10,000.00
Robert Skelly 10,000.00 10,000.00 0.00 0.00
Cash Due 9/13/90 36.480,00 36.480.00 6.097,34 6.097.34
$449,783,52 $668,172.90 $112,381.09 $167,043.23
Income -Personalty
Cash Due 9/13/90 5.147,35 5.147.35 1.286.84 1.286.84
$454.930.87 $673.320.25 $113.667,93 $168.330.07
Shares
600
1,600
1,200
940
300
1,600
400
700
500
600
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust
for
Robert Skelly
1/4 Share
Account Market Account Market
Principal -Personalty Value Value Shares Value Value
Stocks
Bell Atlantic Corporation,
Common $19,580.00 $26,650.00 150 $4,895.00 $6,412.50
Exxon Corporation,Common 18,028.00 80,000.00 400 4,507.00 20,000.00
FPL Group,Incorporated,
Common 16,727.00 32,700.00 300 4,181.75 8,175.00
General Electric Company,
Common 12,639.48 58,280.00 235 3,159.87 14,570.00InternationalBusiness
Machines Corporation,
Common 23,895.75 30,562.50 75 5,973.94 7,640.62PPGIndustries,
Incorporated,Common 9,680.00 73,400.00 400 2,420.00 18,350.00PennsylvaniaPowerand
Light Company,Common 14,376.00 16,050.00 100 3,594.00 4,012.50RohmandHaasCompany,
Common 6,751.50 20,825.00 175 1,687.87 5,206.25
USF&G Corporation,$4.10
Exchangeable Convertible
Preferred 24,930.90 18,812.50 125 6,232.73 4,703.13UnitedTechnologies
Corporation,Common 18,101.94 29,325.00 150 4,525.48 7,331.25
Par
Value
$10,000
20,000
30,000
20,000
40,000
30,000
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust
for
Robert Skelly
1/4 Share
Account Market Par Account Market
Principal -Personalty Value Value Value Value Value
Bonds
Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $9,662.50 $8,543.80 $3,000 $2,898.75 $2,563.14
Cheltenham Township,PA
School District 7.80%
dated 7/1/86 due 6/1/98 20,000.00 20,205.60 5,000 5,000.00 5,051.40
Cigna Corporation,
Convertible Subordinated
Debenture 8.20%dated 6/1/88
due 7/10/2010 31,610.00 26,100.00 7,000 7,375.67 6,090.00
Federal Home Loan Banks
8.40%dated 6/25/87
due 6/25/92 19,850.00 20,031.20 10,000 9,925.00 10,015.60
Philadelphia,PA School
District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 40,000.00 43,035.60 10,000 10,000.00 10,758.90
Notes
"'..;"\
United States of America
Treasury 7.25%dated
11/15/86 due 11/15/96 27,843.75 27,909.30 0.00 0.00
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
""
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust -for
Robert Skelly
1/4 Share
Par Account Market Par Account Market
Value Principal -Personalty Value Value Value Value Value
$20,000 United States of America
Treasury 8.50%dated
11/15/88 due 11/15/91 $19,712.50 $20,093.80 $5,000 $4,928.12 $5,023.4560,000 United States of America
Treasury 8.375%dated
2/15/90 due 2/15/93 59,914.20 60.168.60 15,000 14.978.55 15.042.15
$393,303.52 $611,692.90 $96,283.73 $150,945.89
Add back for allocation
purposes Cash Advanced
outright to:
Linda Kosar 10,000.00 10,000.00 0.00 0,00
Robert Skelly 10,000.00 10,000.00 10,000.00 10,000.00
Cash Due 9/13/90 36.480.00 36.480.00 6.097.34 6.097.34
$449,783.52 $668,172.90 $112,381.07 $167,043.23
Income -Personalty
Cash Due 9/13/90 5.147,35 5.147.35 1.286.84 1.286.84
S454,930.87 $673.320.25 S113.667.91 $168~330.07 "I.
NOTE:The foregoing balance for distribution has been equalized
with cash based on market value of securities as of 8/31/90
IN THE COURT OF COMMON PLEAS OF WASHINGTON,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:JOHN SCOTT SKELLY,
DECEASED,
TESTAMENTARY TRUST
RECEIPT
I,ROBERT SKELLY,do hereby acknowledge to have received from
the UNION NATIONAL BANK OF PITTSBURGH,Successor Trustee of the
JOHN SCOTT SKELLY,Testamentary Trust,the following:
CASH $10,000.00
In consideration of this discretionary principal distribution
under Paragraph FOURTH of the First Codicil to the Last Will and
Testament of JOHN SCOTT SKELLY.Deceased,I agree to return all or any
part thereof should it later appear that for any reason the said
distribution should not have been made.
IN WITNESS WHEREOF.I have hereunto set my hand and seal
this day of ,1990.
_______________(SEAL)
Robert Skelly
WITNESS:
EXHIBIT "C"
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
"
Par
Value Principal -Personalty
Bonds
Account
Value
Market
Value
Par
Value
The Union National Bank
of Pittsburgh,Successor
Trustee Remain in Trust
for
John Scott Skelly,Jr.
1/2 Share
Account Market
Value Value
$10,000
20,000
30,000
20,000
40,000
Avnet,Incorporated
Convertible Subordinated
Debenture 8%dated 10/1/83
due 10/1/2013 $9,662.50
Cheltenham Township,PA
School District 7.80%
dated 7/1/86 due 6/1/98 20,000.00
Cigna Corporation,
Convertible Subordinated
Debenture 8.20%dated 6/1/88
due 7/10/2010 31,610.00
Federal Home Loan Banks
8.40%dated 6/25/87
due 6/25/92 19,850.00
Philadelphia,PA School
District AMBAC Insured
9%dated 11/15/85 due
7/1/2000 40,000.00
Notes
$8,543.80 $4,000
20,205.60 10,000
26,100.00 16,000
20,031.20
43,035.60 20,000
$3,865.00
10,000.00
16,858.66
0.00
20,000.00
$3,417.52
10,102.80
13,920.00
0.00
21,517.80
30,000 United States of America
Treasury 7.25%dated
11/15/86 due 11/15/96 27,843.75 27,909.30 30,000 27,843.75 27,909.30
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
~
Par
Value Principal -Personalty
Account
Value
Market
Value
Par
Value
The Union National Bank
of Pittsburgh,Successor
Trustee Remain in Trust
for
John Scott Skelly,Jr.
1/2 Share
Account Market
Value Ya1ue
$20,000 United States of America
Treasury 8.50%dated
11/15/88 due 11/15/91 $19,712.50 $20,093.80 $10,000 $9,856.25 $10,046.90
60,000 United States of America
Treasury 8.375%dated
2/15/90 due 2/15/93 59.914.20 60.168.60 30,000 29.957.10 30.084.30
$393,303.52 $611,692.90 $200,736.04 $309,801.12
Add back for allocation
purposes Cash Advanced
outright to:
Linda Kosar 10,000.00 10,000.00 0.00 0.00
Robert Skelly 10,000.00 10,000.00 0.00 0.00
Cash Due 9/13/90 36.480.00 36.480.00 24.285.32 24.285.32
$449,783.52 $668,172.90 $225,021.36 $334,086.44
Income -Personalty
Cash Due 9/13/90 5.147.35 5.147.35 2,573.67 2,573.67
$454,930.87 $673,320.25 $227,595.03 $336.660.11
:----
JOHN S.SKELLY,DECEASED,TRUST FOR WILLIAM S.SKELLY
AND JOHN SCOTT SKELLY,JR.
PROPOSED SCHEDULE OF DISTRIBUTION BASED UPON MARKET VALUE AS OF 8/31/90
~
Shares
600
1,600
1,200
940
300
1,600
400
700
500
600
The Union National Bank
of Pittsburgh,Successor
Trustee in Trust
for
Linda Kosar
1/4 Share
Account Market Account Market
Principal -Personalty Value Value Shares Value Value
Stocks
Bell Atlantic Corporation,
Common $19,580.00 $26,650.00 150 $4,895.00 $6,412.50
Exxon Corporation,Common 18,028.00 80,000.00 400 4,507.00 20,000.00
FPL Group,Incorporated,
Common 16,727.00 32,700.00 300 4,181.75 8,175.00
General Electric Company,
Common 12,639.48 58,280.00 235 3,159.87 14,570.00
International Business
Machines Corporation,
Common 23,895.75 30,562.50 75 5,973.94 7,640.63
PPG Industries,
Incorporated,Common 9,680.00 73,400.00 400 2,420.00 18,350.00
Pennsylvania Power and
Light Company,Common 14,376.00 16,050.00 100 3,594.00 4,012.50
Rohm and Haas Company,
Common 6,751.50 20,825.00 175 1,687.88 5,206.25
USF&G Corporation,$4.10
Exchangeable Convertible
Preferred 24,930.90 18,812.50 125 6,232.72 4,703.12
United Technologies
Corporation,Common 18,101.94 29,325.00 150 4,525.49 7,331.25
........('.
'..:.
~~-~--~----------------.
Trust Services Pittsburgh,PA 15278-2332
1.3.\1 !._t!-;J j'Jj\l'ILjj~J,t\l
an Integro bank
8-12
430
No.359609
J
ACCOUNT NO,Hl-j21j-.lj(}-1 DATE 07/1JJ90
PAY
AMOUNT
TOTHE
ORDER
OF
0(][))DE:F ru (-.\1._,;,
NE;:~GU r I (\TED
U2 i 280;::::3()::287
Payable at
The Union National Bank
of Pittsburgh
'1IIOOO~OOOOOOII'"
,
.~'.
,/..;;~>\~~:\k~,iAilft::~-i~i~;,:{,·.!·,>..·.;;{:\:fii,4}~~;i't~~'f!',;('~"*Y·>:~i.·:,,:!\:~·;;-&:~~~~\,;;.;,i:;i;j.f"~j0J,1+~;;':.Ji';:;::~i+.;".;i:~:};~·;;~b::'~;%~W+\~§it~~*;i?,,:ri;;;!''''*:-:;::::~~;:6,~~:;:';;;:;;:'~*f;;::"~~~::::;"itf-i~:~;:i;'f'::'j::
,.r',.
EXHIBIT "e"
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_'.
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IN THE COURT OF CO~~ON PLEAS OF WASHINGTON,PENNSYLVANIA
ORPHANS'COURT DIVISION
IN RE:JOHN SCOTT SKELLY,
DECEASED,
TESTAMENTARY TRUST
RECEIPT
•,J
I,LINDA KOSAR,do hereby acknowledge to have received from
the UNION NATIONAL BANK OF PITTSBURGH,Successor Trustee of the
JOHN SCOTT SKELLY,Testamentary Trust,the following:
CASH $10,000.00
In consideration of this discretionary principal distribution
under Paragraph FOURTH of the First Codicil to the Last Will and
Testament of JOHN SCOTT SKELLY,Deceased,I agree to return all or any
part thereof should it later appear that for any reason the said
distribution should not have been made.
IN WITNESS WHEREOF,I have hereunto set my hand and seal
3~O~this day of ,1990.------------------------
___~K-_~__'_A (SEAL)
Linda Kosar
IHTNESS:
EXHIBIT IC-1"
,£
•
-,"""'
*
Petition Sur Audit
IN THE
ORPHANS'COURT
OF WASHINGTON COUNTY
FORK USED FOR GUARDIAN-INCOMPETENTS
-OR TRUSTEES
No.63-69-0118
ESTATE OF JOHN S.SKELLY,DECEASED
FOR
WILLIAM S.SKELLY
AND
JOHN SCOTT SKELLY,JR.
COUNSEL FOR THE ACCOUNTANT SHALL SUBMIT HEREWITH THE
FOLLOWING,IF PERTINENT:
1.WILL
3.SIGNED ELECTIONS OF ITEMS TO BE TAKEN IN KIND-
IF DISTRIBUTION ACCOUNT.
S.PRAECIPE FOR THOSE REPRESENTED.
COUNSEL FOR ACCOUNTANT
/
ESTATE
of
John S•Skelly,Deceased
In the
Court of Common Pleas
of WASHINGTON COUNTY,PA.
ORPHANS'COURT DIVISION
63-69-0118No._
PRAECIPE FOR APPEARANCE
TO:J.Samuel L.Rodgers
Enter Vernadean S.Passodelis,Esq.appearance for Union National Bank of
Pittsburgh,Successor Tmstee
DATE:OCtober 11,1990 ~=~~Attorney for Trustee
Vernadean S•.Passodelis,Esquire
ADDRESS:P.o.Box 2009
Pittsburgh,PA 15230
II
J
RE:JOHN S.SKELLY
TESTAMENTARY TRUST
F/B/o WILLIAM AND JOHN
The undersigned,Linda Kosar,does hereby consent to the
creation of a separate trust for her benefit from the assets now
held in the John Skelly Testamentary Trust for the benefit of
William Skelly and John S.Skelly,Jr.,pursuant_to_Section 7191
of the Pennsylvania Estates and Fiduciaries Code,and in accordance
with the proposed Schedule of Distribution.
Linda Kosar
WITNESS:
perty.real or personal,received by said Trustee or Trustees or
Trustee or Trustees,and their successors to invest and reinvest
FIRST CODICIL TO LAST WILL AND TESTAMENT
I,JOHN SCOTT SKELLY,of the City of Monongahela,Wash-I
ington County.Pennsylvania,hereby declare this present writing to
be the First Codicil to my Last W~ll and Testament dated Septemberl
11th,1954.
FIRST:In addition to all other power and authority
granted to the Trustee or Trustees designated by my Last Will and i
Testament and their successors~I hereby "direct that in the admin-,
istration of·any Trust created or established by my said Will,said
ITrusteeorTrusteesandtheirsuccessorsshallhavethepowerto
t.ke and to ret.in as .n io.estmeot for said trust estate without I
any duty of diversification,~ny and all securities or other pro-
I
their successors from my said estate.
SECOND:In addition to all other power and authority
granted to the Trustee or Trustees designated by my Last Will and I
ITestamentandtheirsuccessors,I hereby authorize and direct said
I
Isaidtrustestateinsuchstocks,bonds,mortgages,'s-ecurities or
other property.real or personal,as they may believe advisable,
not being limited to classes o~securities or investments in which
,.I
Trustees are authorized to invest trust funds under the laws of the
Commonwealth of Pennsylvania.
THIRD:I do hereby nominate,constitute and appoint
Western Pennsylvania National Bank,McKeesport,or its successor,
as Testamentary Guardian of the estates of any minors entitled to
,distribution under the terms of my Last Will and Testament,giving
Iland granting to said guardian the power to agree to any distribu-
1,,,00 of the share of said mioor or minors in my estate as said
Iguardian may deem advisable.giving said guardian the power toI'
il
!I
·1
'.
distribute both income and pri~cipal for the benefit of said minor
wards to assist them in any situation wherein money may be needed,l. . " ,Iherebygrantingtosaidguardianallofthepowersandauthority"
herein granted and/or as granted by my Last Will and Testament to
Ithe Trustee of my estate.
FOURTH:I do hereby authorize and empower the Trustee or
Trustees designated by my Last Will and Testament,their survivor
or survivors and their successors at their or its discretion,dur-
log.t.!'e~po.:iod :.!ter _the de.t h of_mt s~n'_Willi....'-"e!:W0od s.e1-1y.1
and prior to final distr~bution of said Trust,from and out of thei
Trust established by paragraph "FOURTH"of my Last Will and Testa-
ment for the benefit of my said son,William Sherwood Skelly,to
pay over and deliver to his children,natural born or legally
of principal made to any beneficiary by virtue of this provision
adopted,and to his grandchildren,such amount of the principal of,IsaidTrust,limited as hereinafter set forth,as shall be necessarr
in situations wherein money is needed;especially for the purposesI
.lbnt not limited thereto)of providing medical an~hOSPital ex-1
penses,for educational purposes,and for the 'purchasing of a hOmer
and also for medical and hospital expenses for the wife,~usband I
or children of any of them;provided however,that any distribution
I
shall be charged to the representative share of said beneficiary
Iof
I
The maximum distribution
IWilliamSherwoodSkelly,for his or her benefit or for the benefit
authorized by the provisions of this paragraph shall be the sum
in final distribution of said Trust.
~en Thousand ($10,000.00)Dollars for each of the children of
of his or her immediate family,hereinabove designated.
FIFTH:I do hereby authorize and empower the Trustee or
'.j
Trustees designated by my Last Will and Testament,their survivor.I
or survivors nnd their successors at their or its discretion,dur-'• j
ing the period after the death of my son,John Scott Skelly,Jr.,
-2-
I
f~-:,~~\ror";-~"""'!;:':''"'\:''·''''~-~::t:~;,~.~2~~il!:f'~~~:m-""'S~.)""·'~',!w;-:.1:_':'.,."-~
".I,.
and prior to final distribu:ion of said Trust,from and out of the,
Trust established by paragraph "FOURTH"of my Last Will and Testa-
ment for the benefit of my said son,John Scott Skelly,Jr.,to
Ipayoveranddelivertohischildrenandtohisgrandchildren,suer
amount of the principal of said Trust,limited as hereinafter set I
forttl,as shall be necessary in situations whe~ein money is needed.
especially for the purposes (but not limited thereto)of providing
medical and hospital expenses,for educational purposes,and for
the purchasing of a home;and also for medical and hospital ex-
penses for the wife,husband or children of any of them;provided
Ihoweler,thnt any distribution of principal made to any beneficiarr
by virtue of this provision shall be charged to the representative,
share of said beneficiary in final distribution of said Trust.The
maximum distribution authorized by the provision~of this para-
graph shall be the sum of Ten Thousand ($10,000.00)Dollars for
each of the children of ~ohn Scott Skelly,Jr.,for his or her
benefit or for the benefit of his or her immediate family,herein-
above designated.
.J
III
con-i
will
II
-3-
In all other respects I do hereby !~tify andSIXTH:
and Testament,typewritten on three (3)sheets of paper,I have
firm my Last Will and Testament dated September 11th,1954.
IN ~ITNESS WHEREOF,to this First Codicil to my Last
I
hereunto set my hand and seal this 5th day of November,A.D.1958.'
I
//1 .....;1/I,;·-.r,..-..;;..-,·,y;,,/'.:;.-r-~,;,:~.(SEAL)
-<......./--......I
Signed,sealed,published and declared by JOHN SCOTT I
SKELLY,the Testator above named,as and for the First Codicil to
his Last Will and Testament,in the presence of us,who at his re-i
quest,in his presence and in the presence of each other,'have
hereunto subscrihed our names as Wi~~hereto.\1
e"'"/Il,.~'f,"'."r
(l.,'A-~f?,J A'/-'~
,.--r
L
,
~B':rl'6eGait.f :$..~~:<.;t;:">·t,~~~_ •~_.;·.,·.,';t'·"'2.~~'<~·"'~!Y~~:":;"!'Z'4."'-·-...&t""~<'i7',:.;t.y"...-:':':':'..4
:",4!"'
LAST WILL AND TESTAMENTj
Qr
JOHN SCOTT SKELLY
I
I,JOHN SCOTT SKELLY,of the City of Monongahela,.
Washington County,Pennsylvania,make and publish this my Last
Will and Testament,hereby revoking and making void all former
Wills by me at any tio,e made.
I hereby give.,devise and bequeath to The First
I dir~ct that my Executors,hereinafter named,
THIRD:
I
\.
II :~~a:'.::::.::::V:,::::::::;Yt::::::~.:::t ~~:::::t::b
:::
il eluding a suitable monument for my burial place.
'I •
1\_SECOND:I give,devtse and bequeath unto my wife,Marie
II C.Skelly,as her absolute property,all my personal effects such
II as jewelry,household furniture and all other articles of domestic
li.\and personal uses.
I.
Ii
\
'1,'National Bank o,f McKeesport,Pennsylvania,or its successors,
Marie C.Skelly,my wife,and William Sherwood S~~~ly,my son,or
Ii
I
i",the survivor of the last two mentioned,IN TRUST NEVERTHELESS,a
portion of my estate,the value of which shall be exactly the sumI',IIi needed to obtain the maximum marital deduction in determining the
Ii!;Federal estate tax on my estate,less the value of other property
IIII and interests passing,or that have passed,from me to my wife,,:,.I;Marie C.Skelly,otherwise than under this paragraph of my \'li11,
I!
1!but only to the extent that said property or interests is included
II"in my gross estate for federal estate tax purposes and is allow-
able as a marital deduction,and in computing the value'of the
property passing under this clause,the final determinations in
the federal estate tax proceeding shall control and only assets'
l_
I'r
11I
11
or any part thereof.to manage.invest and reinvest and to collect
Marie C.Skelly,the net income arising therefrom in convenient
person or persons.including her estate,in such proportions and
installments,but at least semi-annually from the date of my
and received the income arising therefrom,and after deducting all
decease so long as she may live.
L::I hereby authorize and.empower my said wife to make testa-
mentary disposition of the balance of this trust estate and direct
my said trustees to convey,transfer,deliver and pay over to such
in such manner,whether in trust or otherwise,as she may direct
i:
\:
IIl~that qualify for said deduction shall pass under this clause;to
II )II hold in the same form in which it is received or to sell the same
IIii
'I'I
I necessary expenses properly chargeable thereto,to pay to my wife,
I
I
II
I
II
IiII.1
I!
1I:'and appoint in and by her Last Will and Testament.and in defaultII
I:I~of such testamentary disposition.then I direct that upon the
~death of my said Wife,the balance remaining in said trust estate
Ii shall become a part of and shall be disposed of in the mannerI;II hereinafter provided for my residuary estate as set forth in the
Ii Fourth clause of this my Last Will and Testament •..Also,in the
I'
;1 event that my said wife does not survive me,then this portion of
i CJimyestatesh~ll be added to my residuary estate.,
Ii All property devised and bequeathed,In Trust,by this
i!paragraph shall be held and administered by said trustees,orI',I
r their successors,as a separate trust to be known as "Trust ArT.
ji FOURTH:I hereby give,devise and bequeath all the rest,
residue and remainder of my estate,of whatever nature and whereverI'
i:situated,of which I may be entitled at the time of my decease toIi
:'The First National Bank of McKeesport,Pennsylvania,or'its suc-t
;'cessors,l-l:arie C.Skelly,my wife,and "lilliam Sherwood Skelly,my
son,or the survivor of the last two mentioned,IN TRUST NEVERTHE-
LESS,to hold in the same form in which it is received or to sell
the same or ,any part thereof,to manage,invest and reinvest and
.J)J
/-:--?-
-----..:........:.-L...~.~-.A~•._.--1;'.---:...:.....:.._~.•~~j'.~..:~-:...~.4 '.'Y:
f
L.
to collect and receive the income arising therefrom,and after
Trusts hereby established.
sufficient of the income wh~ch when added to the income received
by her from the Trust established in the Third paragraph hereof,
will equal one-half (i)of the total income from both of the
To pay to my son,William Sherwood Skelly,at
To pay to my wife,Marie C.Skelly,at least
(b)
(a)
live,one-half (i)of the remaining income from said Trust and any
least semi-annually from the date of my decease so long as he may
purposes:
semi-annually from the date of my decease so long as she may live,
I:
"ii deducting all nec~ssary expenses properly chargeable thereto,to,
:;administer ana distribute the same for the following uses and
'I
"
1:
IiII'IIi
Ii,III
1\
IiII
\1
i!
I'
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accumulation thereof or addition thereto,and upon his deceaSe to
pay over,at least semi-annually,during the lifetime of my wife
1\'I said income share and share alike,per stirpes,to the children of
I:ir said William Sherwood Skelly or to tha issue of any of his deceased
,I
as well as his natural born children and the issue or descendants
among them the share which their parent would have received if
of any such adopted children,shall be construed as the lineal
Skelly shall.include any child or.children legally adopted by him
With the understanding that children of William Sherwoodliving.
"i'children;said ~ssue of his deceased children to have dividedII
1\;.
"IiI;,I
I:
"r
"
and the direct descendants of my said son,with the right to
I;.;.share in my estate accordingly.Upon the death of both my son,
William Sherwood Skelly,and my wife,Marie C.Skelly,and during
;'the period 'of twenty-one (21)years thereafter to pay over,at
least semi-annually said income,share and share alike,~er
stirpes,to the children of William Sherwood Skelly or 'to the
issue of any of his deceased children,said issue of his deceased
.,
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.
-----:.-.-----.-..._:.':~-J.---':;'~-'-'...;'---'_._...............:;"...._.;~'..'..'........1----~~:1'
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I I
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!
children to have divided among them the share which their parent
)would have received if living.Twenty-one (21)years after the
\
1 death of both my son,William Sherwood Skelly,and my wife,
Marie C.Skelly,to diStribute the one-hal!(i)portion of the
principal of said Trust,together with any accumulation thereof
of his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have
children of said William Sherwood Skelly or to the issue of any
or addition thereto,share and share alike,per stirpes,to theI
II
II
i I
,
\
received if living at the time for said distribution;and in the
I event that the said William Sherwood Skelly should die leaving no
I
11 :::·:o:::::d:::h:1;~)·~:::o:~;::::::c:::r:;u::::,T:::,
II together with any accumulation thereof or addition tpereto,shall
I continue as a part of this Trust,and said portion,together with
II the right to receive an income therefrom,shall inure to ~heII1benefitoftheotherbeneficiariesofsaidTrustEstateintheI,il proportion as the share of each or said remaining beneficiary
I:shall bear to the other or others.
II ,(c)IIITopaytomyson,John Scott Skelly,Jr.,at
"least semi-annually from the date'of my decease so long as he may
i\11ve,one-half (i)of the remaining income from said Trust and
IIr any accumulation thereof or addition thereto,and upon his decease
:1 to pay over,at least semi-annually,during the lifetime of my
1\wife,said'income,share and share alike,per stirpes,to the
if"
!!children of said John Scott Skelly,Jr.,or to the issue of any of
r:1 his deceased children;said issue of his deceased children to have
Upon the death of both my son,John Scottceivedifliving.
:;divided among them the share which their parent would have re-
'j
Skelly,'Jr.,and my wife,Marie C.Skelly,and during the period
of'twenty-o~e (21)years thereafter to pay over,at least
.'./jJ
/,. /-4-
.t.:'.,4,,
the children of John Scott Skelly,Jr.or to the issue of any of
his deceased children,said issue of his deceased children to
have divided among them the share which their parent would have
[
Twenty-one (21)years ~fter the death ofreceivedifliving.
~III·!!
II
IIIII:rIi semi-annually said income,share and'share alike,per stirpes,to
!.
Ii
I!
II
I'
II
)
,.•t.
both my son,John Scott Skelly,Jr.,and my wife,Marie C.Skelly,
to d13tribute the one-half <i)portion of the principal of said
Trust,together with any accumulation thereof or addition thereto,
share and share alike,per stirpes,to the children of said John
at the time for said distribution,then the afores~id one-half
receive an income therefrom,shall inure to the benefit of the
accumulation thereof or addition thereto,shall continue as a
share which their parent would have received if living at the
part of this T~st,and said portion,together with the right to
el)portion of the principal of said Trust,together with any
Scott Skelly,Jr.should die leaving no direct descendants living
time for said distribution;and in the event that the said John
said issue of his deceased children to have divided among them the
r Scott Skelly,Jr.or to the issue of any of his deceased children,
\
!,
ri
II
\1,I
IiiiII'IIIi,
I'.,
other or others.
Trusts hereinabove established by paragraphs THIRD and FOURTH
share of each of said remaining beneficiary shall bear to the
pledges,contracts,transfer,or anticipations of any beneficiary
I hereby direct that neither the income from theI!II!!:
to,or liable for the debts,liabilities,creditors,assignment,
rII other beneficiaries of said Trust Estate in the p~qportion as the
II
Ii
i\I,j:
I:I
"I hereof,nor the principal thereof J shall in any way become subject
II
1\II
:1;~
named in this trust,or any person who shall acquire an interest
therein,under the terms thereof,nor to any attachment'or
execution for any claim of any kind or nature.
-5-.
\
r
Ii
II
!:
which I may have an interest,and for such purpose I do hereby
authorize and empower my Executors or Trustees,to sell and con-
may be done after my decease,all real estate owned by me or in
successors,to convert int~money,as soon as can conveniently
I hereby authorize and direct my Executors,here-SIXTH:.
IiI,I:
Ii,:
":j inafter named,and Trustees,hereinabove designated,or their
'I
I
II
I
vey in fee simple,all my r~al estate,as a whole or in part,
I either at public or private sale,without any liability of the
,.
n purchaser for the application,non-application or mis-applicationil
1\of the purchase money,and ~o execute and deliver all such deeds
I,I,or other assurances as I could have done if living,and pending
h~reby direct that my interest in the Gray County Texas Royalty
de6m most advantageous to my estate;except however,that I
Trustees to lease my said real estate in whole or in parts upon
such terms and for such rentals as my Executors or Trustees shall
II
!:such sales,I hereby authorize and direct my said Executors orI,Ii
IIII
I'I',!
"!~
shall not be sold,assigned or.transferred by my said Executors
or Trustees during the existence of said trust.
C.Skelly,my wife,and William Sherwood Skelly,my son,or the
survivor of them,as Executors of this my Last Will and Testament.
SEVENTH:I hereby nominate,constitute and appoint Marie
EIGHTH:I hereby authorize and empower my Executor,
Executrix and Trustees designated in and by my said Last Will and
it Testament,or any of them,to use their or its discretion in the
payment of such State and Federal~Inheritance,Estate,and
l;:iLegacy Taxes to which my estate,or the tr~nsfer of any propertyj:
thereunder may be subject,as they or it may deem wise and
prudent,and most advantageous to my said estate,and to charge
-6-
.•-'!'
'II,,I
I
!I
/
A.D.1954.
,
j
J
Ii euch)taxes as a part of the expenses of Administration.
II IN WITllESS WHEREOF.to this my Las.Will and
I Testament.typewritten on seven (7)sheets of paper,I have here-
unto llet my hand and eeal this E/e V ea t6.day of September,I
subscribed our names as witnesses thereto •
I
~.
II
presence.and in the presence of each other,have hereunto
II Signed,sealed,published and declared by the
above named John Scott Skelly,as and for his Last Will and
'/
i.I
II
/;
11
"I)
IIIi
I
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I,I
II.I/,
I'I'
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11
..
-7-
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-_./
'--.._.-----_._/
SECOND CODICIL
TO
LAST WILL AND TESTAMENT
OF
JOHN SCOTT SKELLY
FIRST:I revoke Paragra~h SEVENTH of my said Last
Will and T~stament and in lieu thereof direct that the following
I
'j;
!!
~H
i1I·~
I.JOHN SCOTT SKELLY.of the City of Monongahela,
Washington County,Pennsylvania,declare this to be th~Second
Codicil to my Last Will and Testament dated September 11,1954.
paragraph be substituted:
"SEVENTH:I hereby nominate,constitute and
appoint MARIE C.SKELLY,my wife,WILLIAM SHERWOOD
SKELLY,my son,and WESTERN P~INSYLVANIA NATIONAL.
BANK.as Executors of this my Last Will and
Testament ."
SECOND:In all other respects I ratify and confirm
my Last Will and Testament dated September 11,1954 and the
First Codicil thereto dated November 5,1958.
IN WITNESS WHEREOF.I have hereunto set my hand and
seal this .;.71./11{day of ---.,;/:..;:'..:t,::..:·G~t::"i,:,'~J ,1967".-
I
" I
. I
,~~itf~'.(SEAL)l~:'hn SCO~I1t.S_~.llY
I ':I ..
I
Signed.sealed,pUblished and declared by JOHN SCOTT
SKELLY,the Testator above named,as and for his Second Codicil
to his Last W1l1 and Testament,1n the presence of us,who.at
his request.1n his presence and in the presence of each other,
have hereunto subscribed our names as witnesses.,
Ikm4fi,1;-f{"duJ (j4!J/':it.1.A'
Address.'(";'~"l-~.£ddress 1¥1 t·Utul/7Au~f !J1f
11 '~J!If'J I .r ~f...t....v-"'It'-.c..x~in :~1.T,:c.t{,/-[.r14'V~'
.;;<..j.'j.•••.;z::;:..-!;'.;:;.Ii :;;:;;!:.n;.i.1
'I ...-•j
RESIDENT DECEDENT
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
COUNTY OF ~~~;t,I~N.:G~QN.:,.
IMPORTANT:This return must be completed in detail and filed in duplicate,with will attached,with the'
Register of Wills of the County where decedent 'resided;Return is due within one year after
date of death,unless an extension is granted by the Secretary of Revenue.(Section 703 of
the_In4eritance_.~n!lEstate 'fax Act of 1961.)
~:~:~:~~~1~~~0;~~;A~OF_:..=:}~::~:B
State of :E'~.!l!.l:.~¥.~y..~.!l..~..~:.}
County of ...~~.~..~.~~.~.?.¥..ss:
Richard ·E~£olan;':J:'E..~....9..~.~icerYi'..~.?..~.~..~...!3.~.~...!........~arie.C.....e..~~.~.~¥.&Wm.Sherwood ..§~e~tor s
Administrator or the 'estate of the above'-'nained decedent'being duly sworn,depose and say
Decedent'died ...................g9:P.:.':J.:.~.~y,...
(Month)
2 2.,19 ..§~.r testate l~~~~*l{UGGi¥~*KX~~~*~}
(Day)(Y~ar)L ~*X
Name and address of attorney or}
other authorized representative to .
whom all correspondence should be
mailed.
Eug~Il~S.,Bender,Trust Officer,W.)?N~B •.., , , .r ..r'O'. . . . . .~.
P.Q.BQ}{:~)90o;,pit1:$.1?urgh,J?,q...,...:L;i.:Z}Q
~r'-~--........
That as such .......~~.§£~.t.QI.§.....,......deponent is familiar with the affairs of said estate and the property con-
(~:x,,"u lor·Adminislrator)
stituting the assets thereof and their fair market value.
That at the time of death there was no safe deposit box registered in decedent's individual name,or jointly
with,or as agent or deputy of another,or in decedent's individual name,with right of access by another as agent
or deputy,with the exception of the following:-
..
NAME AND ADDRESS OF BANK OR OTHER lNSTITUTION THIS SAFE DEPOSIT BOX RENTED RELATIONSHIP OF JOINT
IN WHICH DECEDENT RENTED A SAFE PEPOSIT BOX IN NAME OR NAMES OF HOLDERS TO DECEDENT
estern Pennsylvania National Bank J.Scott Skelly or
(Mononqahela Office).#X66A Marie c.Skelly Wife..-
-
W
That the contents of said safe deposit box or boxes are itemized under Schedules of this
return,with the exception of the following,for the reasons hereinafter set forth:
That Schedule A atttl-ched hereto and made part hereof sets forth full v and in"detail all the
real property in the Commonwealth of Pennsylvania of which decedent died having an interest therein.It
also sets forth the mortgage encqmbrances upon each parcel of real property at the date of death,giving-
the amount still due at death,name of mortgagee,date,rate of interest,and book and page of record
thereof.It also sets forth in the columns provided therefore the assessed valuation of each of said
parcels,the estimated market v&lue thereof as of date of death of decedent•
.That Schedule B attaQhed hereto and made part hereof sets forth fully and in detail all personal
property wheresover situated owned by the decedent at the time of death;all moneys left by the d~cedEmt
at the time of death,whether in decedent's immediate possession,standing to decedent's credit in banks
of deposit,savings banks,trust companies,or other institutions,whether individually,'or ,in trust for
any other person or persons giving also separately the accrued interest thereon,if any;down to the last...interest day prior to decedent's death in the case of savings banks,and to the date of--decedent's death
in all other cases;all bonds,postal savings,treasury certificates or notes and other evidence of in-
debtedness of the United States to the decedent;all obligations,whether by statute or agreement they
are designated as tax free,of the United States,or any state,or political sUbdiviSion.th~~~Of,or of
any foreign country,which are owned at the time of death;all wearing apparel,jewelry,-silverware,pic-
tures,books,works of art,household furniture,horses,carriages,automobiles,boats,and any and all
other personal chattels of whatsoever kind or nature,left by decedent,together with the fairly estimated
market value thereof;all bonds and mortgages held by decedent and of all claims due and owing decedent
at the time of death,and all promissory notes or other instruments in writing for the payment of money
of whlch decedent died possessed,of Whatsoever nature,wi th interest thereon,if any,giving the face
value and estimated fair market value thereof,and if such estimated fair market value be less than the
face value,it sets forth briefly the reasons for such depreciation'as to each item;all moneys payable
to the estate from life insurance policl'es carried by decedent;all annuity and endowment contracts the
proceeds of which were payable upon the death of the decedent;and all the corporate stockS and dividends
due thereon and unpaid as of the date of death,bonds and accrued interest thereon to the date of dece-
dent's death and other investment securities owned by the decedent at the time of death,with the market
at such time.
I
~v Rlu~th"'Of
\
In the case of securities of close or family corporations,the values reported.are as far as
possible substantiated by financial statements of the corporations,showing the assets and liabilities
thereof as of the·date of death.The schedule also sets forth the interest of decedent at the time of
death in any co-partnership or business,and in support of the value of such interest there is annexed to
said schedule,financial statements showing the assets and liabilities of said co-partnership or business.
A copy of the co-partnership agreement,(if oral,a statement setting forth the nature of the agreement)
together with a statement setting forth the character of the business,its location,and such other facts
pertaining to the business as may be pertinent to a fair and just appraisal of the decedent's interest
therein must be submitted.·It should also set forth in itemized form,together with the fair market value
thereof,any other property owned or bequeathed by the decedent at the time of death.
The Schedule C attached hereto and made part hereof sets forth a true an~W~r to each inquiry
contained therein and in the case of transfers ofproperty,real or personal,within two ye.ars of decedent's
death,in contemplation of decedent's death,or intended to take effect in possession or enjoyment at or
after death,said schedule sets forth the nature and value of such property,to whom transferred,the
relationship of the transferees to the decedent,the proportionate share received by each transfe~ee and
all other facts of a pertinent nature regarding said transfers.In the case of t~ansfers intended to
take effect in possession or enjoyment at or after death,there is also attached to the schedule a co~y
of the deed,trust agreement or other instrument creating the trust.TherA is also set forth in said
schedule a list of all property,real and personal,with its value,which pa~ses at decedent'5 death by
virtue of the exercise by decedent,either individually,orjointly·with another,or any Fower of appoint-
ment vested in decedent,either individually or jointly,by the Will,deed,or other instrl.!ffient of another,
with a copy of the instrument creating such power attached to the schedule.
That Schedule 0 attached hereto and made part hereof sets forth the names and addresses of all
persons beneficially interested in this estate at the time of decedent's death,the nature of their res-
pective interests,their relationship,if any,to the decedent,together with the ages at the time of
decedent's death of all minors,annuitants and beneficiaries for life under decedent's Will.It also
contains a statement showing which of the beneficiaries named in the decedent's Will,if any,died prior
to decedent,the dates of their death,their issue,and the relationship of such issue to the beneficiary.
That Schedule E attached hereto and made a part hereof sets forth all property,real and per-
sonal,owned by the decedent joi?tly with another or others,including intangible,standing in the name
of the decedent and others,plus the date and place of recorclof instruments effecting the vestiture of
real estate and the date of acquisition of personalty,plus the name,address and relationsh~p,if any,
of co-owners to the decedent.
That Schedule F attached hereto and made a part hereof sets forth fully and in detail all debts
and deductions claimed for and on behalf of this decedent's estate,including funeral expenses paid;
family exemption,where applicable;costs of administration of this estate;counsel fees and fudiclary's
commissions paid or to be paid;cost expended for burial trusts,tombstones or gravemarkers,and reli-
gious services,in consequence of the death of the decedent;debts and claims owing and Impaid at time of
'\..death;taxes accrued charge.able for period prior to decedent's death (except.those allowed under Section
.651 of the Inheritance and Estate Tax Act);together with a statement of collateral pledged for obliga-
tions,if any.It is agreed that the fiduciary will present proof of said claimed obligations upon re-
quest,that if the amount actually paid in settlement of any fee,commission or debt is less than the
estimated amount claiming and allowed,that the same will be reported to the Register of Wills,and that
the amount of tax assessed can be reassessed in accordance therewith.
That the totals of the appropriate columns in Schedules "A","B", "C","E",and "F"as directed therein,·
have been carried forward and properly registered in the Summary.
WESTERN PENNSYLVANIA NATIONAL BANK
EXECUTORSubscribedandsworntobeforemethis.._,/..L~.•..daY.f£~19Z .."B¥~~~
~lm:."'R·'B~..~.......IlJ.~.!l.?.J:.c;J j;;..,._.._RQJ_;m.•...._T.J:.]J.s.t._..Qj'.fi=r
PITISBURI:H,!\-,.GHE~\~~f~nY Public (Street Number)
M't COMMISS'ION 1:1,1"\RES fiE.·..:I?~..Q,~J~9.:?S }).~.Q r.gJ?::p.9..A l.52..3..0
~llmbQf,pennSy~valliaAssOciationoH4otaJ-(City or Town and State)
NOTE:Before signing affidavit make sure all blank spaces in the affidavit and schedules annexed are
filled in with details or the word "None",and in case the assets include rare and unlisted securities,
securities of close or family corporations or an interest in any co-partnership or business,that the
data and statements required under the paragraph above relating to Schedule "B"are attached.Also make
certain that column #1 in the "Summary"has been properly completed as above-directed.
RCC-34 (1-64)
COMMO~WEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
'BUREAU OF COUNTY COLLECTIONS
TRANSFER INHERITANCE TAX
~}SIDENT DECEDENT
SCHEDULE "A"
REAL PROPERTY
.::.
Real property in Pennsylvania,with statement of mortgage encumbrances upon each parcel at death of dece-
dent.Where property held as joint tenant or tenancy by entireties,report on Schedule "E".Property held by
the decedent as tenant in common with another or others,should be identified as to quantum of interest and
the estimated value should be that of the decedent's interest only.
The real property located In the Commonwealth of Pennsylvania should be (1)(2)(3)
described by lot and block number,street and street number,together wi th DEPARTMENT
a general description of the property,with a reference to the record of the ASSESSED VALUE VALUATION
conveyance by which the decedent took title;If a farm state number of a·FOR YEAR OF ESTIMATED CAUTIONcres;also stotement of mortgage encumbrances upon eoch parcel at death DECEDENT'S MARKET VALUE (Do not writeofdecedent.Taxes,assessments,accrued Interest on mortgages,etc.,are DEATH In this space)to be listed on Schedule"F"and must not be deducted from this schedule.
NONE
Insert this total opposite "real property",Schedule "A"in the X X X X X
"As Reported"column on the last page of this return.
RCC-35
,COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX,
RESIDENT DECEDENT
SCHEDULE "n"
PERSONAL PROPERTY
INSTRUCTIONS:This Schedule must disclose all tangible and intangible personal property owned individually
by the decedent,at the time of his death.Property owned by the decedent jointly with another or others
must be listed under Schedule "E".Inta~gible personal property,titled in the name of the decedent,but
payable at death to another or others,including but not limited to P.O.D.U.S.Savings Bonds and tenta-
tive trust accounts,must be listed,despite the fact that they are not of the administered estate.
Tangible personal property should be listed first (e.g.jewelry,wearing apparel,household
goods,and furnishings,books,paintings,automobiles,boats,etc.)
Intangible personal property,such as bonds,treasury certificates,cash on hand and in bank,..
stocks,'mortgages,notes,together with accrued interest or dividends,salaries or wages,insurance pay-
able to the estate or fiduciary in said capacity,partnership interests,interest in anyundistributed
estate o~or income from any property held in trust under the will or agreement of another,even though
located outside of the State,at the time of death,should be listed in this schedule•.
Item ITEM UNIT ESTIMATED DEPARTMENT VALUATION
No.List and describe fully VALUE MARKET VALUE (Do not write in
this space)
Per Inventory attached $1,826,642.65
Insert this total opposite "Personal Property",Schedule "8"in X X I;Sl,826,642.€5
the "As Reported"column on the last page of this return.,
',.
RCC-'36
rOmION'I'"EALTH OF PENNSYLVANIA.
TIUNSFER INHERITANCE TAX,
~~SIDENT DECEDENT
SCHEDULE "c"
TRANSFERS
(1)Did decedent,within two years of death,make any transfer of any material part of his estate,without
receiving a valuable and adequate consideration therefor?(Answer yes or no)No
(2)Did decedent,within two years of death,transfer property from himself to himself and another or
others (including a spouse)in joint ownership?(Answer yes or no)No
(3)If the answer to (1)or (2)above is in the affirmative state:
(a)Age of decedent at time of transfer _
(b)State of decedent's health at time of making the transfer.(Note 1).
(c)Cause of decedent's death.(Note 1).
(4)Did decedent,in his lifetime,make any transfer of property without receiving a valuable or adequate
consideration therefor which was to take effect in possession or enjoyment at or after his death?
(Answer yes or no)N~O~_
(a)Was there any possibility that the property transferred might return to transferer or his
estate or be subject to his power of disposition?(Answer yes or no)No
(b)What was the transferee's age at time of decedent's death?__
(5)Did decedent in his lifetime make any transfer without receiving a valuable and adequate consideration
therefor under which transferor expressly or impliedly reserves for his life or any period which does
not in fact end before his death:
(a)The possession or enjoyment of or the right to income from the property transferred?
(Answer yes or no)No
(b)The right to designate the persons who shall possess or enjoy the property transferred or
income therefrom?(Answer yes or no)No
(6)If the answer to (5)(b)above is in the affirmative,state whether the right was reserved in decedent
alone or others ---;-_
(7)Did decedent in his lifetime make a transfer,the consideration for which was transferee's promise to
pay income to or for the benefit of care of transferor?(Answer ye~or no)_~N~o~__
(8)Did decedent,at any time,transfer property,the beneficial enjoyment of which was subject to change,
because of a reserved power to alter,amend,or revoke,or which could revert to decedent under terms
of transfer or by operation of law?(Answer yes or no)_~N~o~_
(9)If the answer to (8)above is in the affirmative,was the power to alter,amend,or revoke the inter-
est of the beneficiary reserved in the decedent alone or the decedent and others?
(Answer yes or no)__
NOTE 1:The answers to these questions should be supported by affidavit by the attending physician as
well as a copy of the death certificate.
NOTE 2:If answer to any of the above questions is yes,set forth below a description of the property
transferred,it's fair market value at date of death,dates of transfers and to whom transferred,with
relationship of transferees to decedent,if any.Submit copy of any trust deed or instrument,if trans-
fers are claimed to be non-taxable,also submit detailed statement of facts on which said claim is based.
NOTE 3:List applicable property below in manner in which provided in Schedules A,B,or E.
ITEM
NONE
DESCRIPT ION MARKET VALUE
(Estimated)DEPT.VALUATION
(Dept.Only)
Insert this total opposite "Transfers",Schedule "C"in the
"As Reported"colunm on the last pag;e of this return.
-\,....
ReC-38
'COMMQNWE~LTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
.;
RESIDENT DECEDENT
,.
SCHEDULE "E"
JOINTLY OWNED PROPERTY
'.
INSTRUCTIONS:This schedule must disclose all property,real and personal,owned by the decedent jointly
with another or others,including intangibles,standing in the name of the decedent and others.List
real estate first,as entireties,or joint tenants,giving brief description,as indicated under Schedule
"A",plus the date and place of record of instrument effecting vestiture,but do not include entireties
or out of state real estate value in estate valuation column.Personal property should be listed as in
Schedule "B",plus date of acquisition,and the name,address and relationship (if any)of co-owners to
the decedent.
Description of Property,Date of Acquisition,Name I unit
Address and Relationship of Co-Owners,and Place !Value
of Record of Instrument,where Real Estate.!
percentage Estate
Share Valuation
DEPARTMENT VALUATION
CAUTION-Do not Write
In This Space.
Value of Value of
Entire Decedent's
Property Interest
All that certain lot or piece of grounj
situate in the Third Ward of Monongahel:l ~~
city,Washington County,Pennsylvania,.
as recorded in said Washington county.l.
in Plan Book Volume 3,page 12.~~/.~.
Having erected thereon a dwelling 6\~~~I I
known and numbered 711 Meade street
$32,000.~O b
The above held by the entiret~es.h(~/)'
Insert this total opposite "Jointly Owned Property",Schedule "E"
in the "As Reported"column on the last page of this return.
.,
'.•'.j...
RCC-37 •(12-63)
C'OMl\tONWEALTH OF PENNSYYLANIA
TRANSFER'INHERITANCE TAX
RESIDENT DECEDENT
#
SCHEDULE "D"
BENEFICIARIES
._-
BENEFICIARIES AND ADDRESSES RELATIONSHIP SURVIVED(If step-children or DATE INTEREST OFStatefullnamesandaddressesofallwhoillegitimatechildrenDECEDENTOFBENEFICIARY
ave an interest,vested.contingent or other are involved,set STATE YES IN ESTATE
wise,in estate).forth this fact.)OR NO BIRTH
--
Marie C.Skelly Wife Yes Specific
711 Meade Street ---
Mononqahela,_Pa...
I
Marie C.Skelly William
Sherwood SkellyI and Western
Pennsylvania National Bank
Trustees -Maximum Marital
Deduction Trl1~+-"'A "
and Residue Trust "B"
-
I
_.
-
I
(
h
Deponent further says that all the above-named beneficiaries are living at this time except below:
NAME DATE OF DEATH RESIDENCE
RCc-e,(2-64)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
INHERITANCE TAX DIVISION
NOTICE OF FILING OF APPRAISEMENT
IN YOUR REPLY PLIA.1t
REnA TO
37-182-5
/
WESTERN PENNSYLVANIA NATIONAL BANK,lJAIUE C.SKELLY &VHUAIM S.SKEILY
(Executor ~.
In Re:Estate of__-.,;;"JO.;.;H;;;;;N~S.;;.CO.;;..T;;.;T;.....;;.S,;;:EE;,;;;];;;;;:·I;;';;IY;....;;;:a/r..;k:.:.l./..:a:...-_
_____W_A_S_H_IN_G_'ID_N County _File No.63-69-118
You are hereby notified that the original
appraisement in the estate of John Scott Skellya!k!a
has been filed in the office of the Register of Wills Qf Wasbi ngton
County on May 18 ,19~Q Said appraisement reflects the
following valuations:
Real Estate ~~~-:---.,.....--
Personal Property_~1~t~8~2~6,~6~4~2~.~6~5 __
Transfers ~~-:---:--~~--
Total ,..::l=:.l1,~8;::.26:::::.:,L.::6~4;;;;;:.2.:.;.6:;.",5:...·__
As to such tax that is paid within three
death,a five (5~)percent discount is allowable.
remains unpaid after one year from date of deatn,
of six (6~)percent per annum is charged.
months from date of
As to any tax that
interest at the rate
Any party in interest who is aggrieved by an appraisement may
appeal therefrom as provided by law.
Date :tvl.;;;say~1:.;;8;,.l"...::;.19~7:..;O~_
DATE OF DEATH:January 22,1969
Note:This is not a bill.
Sldned fhl.£d:z &,¥,e
Title W.R.CHANEY~:PRAISER
\CC'39 (l5-68)'.~OMMONWEAL TH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SUMMARY
Estate of SKElLY,
(Last Name)
JOHN
(First Name)
SCOTT
(Initial)
a/k/a DATE OF DEATH 1-22-69 FILE NO.63-69-118
REPORT OF INHERITANCE TAX APPRAISER
I,the undersigned duly appointed Inheritance Tax Appraiser in and for the County of__\~_a~5..:.hi:-·..:.n~gt..;:,t..:.o~n _
Pennsylvania,do respectfully report that I have appraised the real and personal property as reported in the foregoing return at
the values set forth opposite each item in the last column to the right in Schedules "A","B", "C",and "E".
05-18-70
01-22-69
Dated:___.o-c....--=-~'-..:..._
REPORT OF THE REGISTER OF WILLS
I,the undersigned duly elected Register of Wills in and for County,Pennsylvania,do respect-
fully report that I have aHowed deductions in the amounts claimed by deponent,except as to those items where a greater or
lesser amount is set forth in the last column to the right in Schedule "F",which greater or lesser amount represents the sum
allowed as a deduction.
Dated:_
REGISTER OF WILLS
1.826.6L2 6-1)-
1.826.61..2 6s
VALUE AS APPRAISED VALUE AS REAPPRAISED
$$-------+--
CLEAR VALUE OF ESTATE
INVENTORY
Real Property (Schedule A)
Personal Property (Schedule B)
Transfers (Schedule C)
Joint-Held Property (Schedule E)
TOTAL GROSS ASSETS
Less Debts and Deductions
(SCHEDULE F)
Valuation of life estates or
FOR USE OF REGISTER ONLY
Tax on $-+__
Tax on $.---".......
Tax on $---------+--
Tax on $-+__10%
Tax on $-+__15%
Exemptions *
Total Estate l--_
TOTAL TAX
COMPUTATION OF TAX
$-------+---
$------~-
$--------1--
$-------+--
$--------1--
$------_1....--
(*)As evidenced by Charitable
Exemption Certificates issued
by the Secretary of Rev~nue.
Less tax previously paid
BALANCE
Less 5%of tax if paid within
3 months after death ::::::::::~t===
BALANCE OF INHERITANCE TAX DUE $t=
Add interest at rate of 6%from_____to $-l
AMOUNT OF ESTATE TAX ASSESSED $--~-----lL-
Estate tax paid $-.ll-
BALANCE DUE $---ll_
.Add interest at rate of 6%from
------tto-----$-~-----lt=
TOTAL TAX BALANCE $-------l
PAID $-l
FOR USE OF REGISTER ONLY ADjUSTMENTS
NOTE:Where subsequent adjustments are made to the above computation of tax by the Register of Wills,for proper reason,
same should be noted below,with short explanation.
Will f...No.AdmInistration
IN THE
Year .
MATTER OF THE APPRAISEMENT
OF THE
ESTATE OF
JOHN SCOTT SEELLY a/k/a
Deceased
.r-
"
Late of .
County of
M6NONGAHELA..
WA$B:I.l'JOTON
Commonwealth of Pennsylvania
REPORT AND APPRAISAL
.'.
r ....
r --------
,Form RCC-2
•J P()M~PNWEALTH OF PENNSYLVANIA BATE ......,,~14y..J$.,....197Q...........~·.t......
DEP;,\RTMENT OF REVENUE RESIDENT INHERITANCE TAX COUNTY .......""""".~~.1:l.P.:i.:~~g!1.",,.,,""I BUREAU OF COUNTY COLLECTIONS .............
I
I APPRAISEMENT
FILE NO.""""".""??:.~.9.::::.g.?"""""".".."."..".",,"..,HARRISBURG.PENNA.17127
Whereas,......................................!I.QJ:m....$.G.Qt.t....S..k.~.lly....a!1f:).a...............................late of .................................}~QA9.nga.:h.~.:L,.~.............................
in the County of .................................W.a.shin~"ton ...............................................................Commonwealth of Pennsylvania,having died on
I
the .......................................4.?...m.......................................day of ..................J..anua;ry...................................19.69.,seized and possessed of an estate
subject to Inheritance Tax under the laws of the Commonwealth of Pennsylvania;
Therefore,I,......................Jy.~.R.~.....G.h9.Il~.y ....................................................................,an appraiser duly appointed according to law,
having been designated to make a fair and conscionable appraisement of the said estate,and to assess and fix
the cash value of all annuities and life estates growing out of said estate,hereby file the following appraisement:
In the event that any future interest in this estate is transferred in possession or enjoyment to collateral heirs of the decedent after
the expiration of any estate for life or for years,the Commonwealth hereby expressly reserves the right to appraise and assess transfer
inheritance taxes at the lawful collateral rate on any such future interest.
Unit Appraisement
Description of Asset Values Made for Inheritance
Tax Purpoles
$
PERSONALTY:
See ocpy of Schedule IIB"attached to ap praisement 1.826.642 65 -
Total 1,826,642 65
Having been duly sworn according to law,I do hereby certify that the above appraisement is made in con-
fonnity with law on this ......./f.~.....day of~~··················5··.........19 ...19.............pve ...................~.y~
Appraiser
(Zd~...............(I4\Imber and Street)
...................~.....,......................................................................................,Penna.
(Post Offlee)
WASHING/I'QN ...COUllty
RESIDENT INHERITANCE TAX APPRAISEMENT
Estate of
.....JQtlN ..?GQ.'r.'I'$!C~:r+X C3:!~/~.
Deceased.
Late of
1'40NONGAHELA
Date of Death,~.<3p..':l?!.y...???=L..<t§.<t .
Appraisemellt Docket Vol.,37..
Page,1..S.2~5.No §).:::.9..9.::::J;L..?.
Filed in Register's 0 fjice,May l.S.19 .7.Q
Amount of tax dHe,$.
DEPARTMENT OF REVENUE
Received,
Examined and Approved,.
Wrote abo.ut Appraisement,
Appeal j,om Appraisement,..
Entered and charged,.
".
./.
..
•
~
1
...-.-.....,
DEDUCTIONS ALLDWED IN
)
r vnll nL.....·.A,V /,
Ilr7Y[I V>-,t..:,...,OFFICE OF TME STATEMENT OF DEBTS,,-THE SUM OF ............$............,
REGISTER OF"WILLS AND DEDUCTIONS It,ty'7/WASHINGTON DATE .APPROVED .......•........................
I
OF'COUNTY
f&WJ.t1J J/~..AND AGENT OF THIt COMMONWIiALTM .....L-.)/L.ldufJ ~~,
03 -t,c;--//r'C Rogl.lo,of Will••Agul f£.1:1-
JOHN SCOTT SKELLY LATE OF MONONGAHELAESTATEOF
DATE OF"FILING APPRAISEMENT OATIi OF DEATH January 22,1969
DATI':NO.0'-NAM"OF PAYEE REMARKS AMOUNTVOUCH,""
Amount f -"S 14.883 33
I
Feb.27 Saki s Fifth Avenue balance due ./q 00
Feb.27 Sears-Roebuck Co.balance due ./17 14
Apr.7 Mrs.Marie C.Skelly reimbursement for pa~dexpenses ~100 00
Apr.17 Mrs.Marie C.Skelly reimbursement for pa~d 163 68expenSes,
May 15 Snodgrass and Company preparation of 1968 income
tax return 235 00
June 11 Malcolm L.Morgan,Treasureft-1969 personal property tax~s 220 97
1970Mar.23 Mrs.Marie Skellv reimbursement for ba+-'
repairs .,.1 h()()()()
S 19.229 12
~------=:---
(\YfA1,f-.~-"--;j ~J1AA,?/---S'eJ-Q tZ().l'~",-.:7
~/i:L~q C.C:(t?tJ et6"""""'...,
!I I
-
-
r ~
COMMONWEALTH OF PENNSYLVANIA }s.:COUNTY OF Allegheny
'.Robert C.AtwelL Trust Officer,WPNB H£REBY CERTIFY.THAT.TO THE BEeT OF
IL.6.)
DAY Of'6WO~AND SUBSCRIBED 89'0RE ME THIS /'2-~
/Z-4~,,,:z./)2t'::::::=z=='-'---....,1/r----::,;.,Notar~ic~7
INHERITANCE TAX PURPOSES.
....v I<NOWLe:OGE AND BELIEF.THE FOREGOING 18 A JUST AND TRU e:IHATEMENT OF DEBTS.FUNERAL EXPENSES AND EXPENIIU Of'
ADMINISTRATION SUBMITTED TO THE EST"TE OF John Scott Skelly DECu.e£D.AS DEDUCTIONlii ,.OR
--Z2Z~~!t ~tZkc-dt
Trust Officer
./~t~t'.,.L..;.~y
rlll,)Llf,'t·=U.I'E::'1 l.dUN Jv
',il r fJ~::',".,.\-..\;~.,1':1
.0."~'~S}~,.'"',_
..I •.".,
.,
.~
\
RC.c-81 (6-71l
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
HARRISBURG
17127
£u PPL.e.-n eVl Ta h
NOTICE OF FILING OF APPRAISEMENT
IN YOUR REPLY PLEASE
REFERTO b3-&q·lfg
Inheritance Tax Division
lue.s'e~ef'\"IS,/LUiU11CL flQTIOhQl 'B,p,K,'1t\al\lt,C..sI<eLL~q W"II((h\.$,..s1{eU~I
(Executor CR Ad :i::islialor)
Dear
You are hereby notified that the StJfPL.e.~e,.,TaL
appraisement in the estate of .:r~hn SCO'Tf St(elU "a./K ItA-
has been filed in the office of the Register of Wills of Wash IYl9Td "'-
County on De.c.a,3 ,19J..L,Said appraisement reflects the following
valuations:
ReaI Estate ---_-",;j~.-=---0,..---------
PersonaI Prope rty __---'3!o!....s:aL:O~/...:..,--=0:.-'1.1....-_
Transfers _
Jointly Owned ---.....,It~--------
Total 37>0 I ,()jPiCH'LlP Of Rddtrl OVl/iL.I1SSeH __.~('Cfl..'H do l'I1re.flt~r F"flc",,"'r-clf<I\QL 70 l,.C',(S relt Scl"ec!uL'LRrra~"'t<LAstosuchtaxthatispaidwithinthreemonthsfromdateofdeath,a five (5%)neR,Qro
percent discount is allowable.As to any tax that remains unpaid after nine (9)months Q9'f'l1,
(fifteen months when death occurred from December 22,1965 to June 16,1971,inclusive;
and twelve months when death occurred prior to December 22,1965)from date of death,
interest at the rate of six (6%)percent per annum is charged.
Any party in interest who is aggrieved by an appraisement may appeal therefrom
as provided by law.
Date J)eCembeR 2...)''1.11 Signed:'.'~1tn:u~
f .
Note:This is not a bill.
·RCC:.-39 (5-68)
COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
-
SUMMARY
Estate of $KE LL\/
(Last Name)I
~Lhh
(First Name)
SCG7I
(lnitial)
DATE OF DEATH /'-2.2..-/.,9 FILE No.t,3.b'i4I/K
REPORT OF INHERITANCE TAX APPRAISER
I,the undersigned duly appointed Inheritance Tax Appraiser in and for the County of iUa.S h t"5'ron
Pennsylvania,do respectfully report that I have appraised the real and personal property as reported in the foregoing return at
the values set forth opposite each item in the last column to the right in Schedules "A","B","C",and "E".
Dated:--l)ec J';»I q 7 J
REPORT OF THE REGISTER OF WILLS
I,the undersigned duly elected Register of Wills in and for County,Pennsylvania,do respect-
fully report that I have allowed deductions in the amounts claimed by deponent,except as to those items where a greater or
lesser amount is set forth in the last column to the right in Schedule "F",which greater or lesser amount represents the sum
allowed as a deduction.
Dated:_
REGISTER OF WILLS
3 ~-"I oq-
~~0 I D?
3301 D9
VALUE AS REPORTED VALUE AS APPRAISED VALUE AS REAPPRAISED
$$$-------+--
INVENTORY
Real Property (Schedule A)
Personal Property (Schedule B)
Transfers (Schedule C)
Joint -Held Property (Schedule E)
TOTAL GROSS ASSETS
Less Debts and Deductions
(SCHEDULE F)
CLEAR VALUE OF ESTATE
Valuation of life estates or
FOR USE OF REGISTER ONLY
Tax on $--::,.-__--+---,,-_2%
Tax on $.2,~C /oq ~
Tax on $5%
Tax on $10%
Tax on $15%
&~ptioos *
Total Estate 1--_
TOTAL TAX
COMPUTATION OF TAX
$------=-~-~$....'Cf.....iJ.J.-.+)(.=d:....J'7L.-
$-------+--
$-------+--
$-------+--
$..I...Jq..L.~~O~7_
(*)As evidenced by Charitable
Exemption Certificates issued
by the Secretary of Revenue.
Less tax previously paid
BALANCE
Less 5%of tax if paid within
3 months after death ::::::::::!::t==
$
$JJ g,lJL
TOTAL TAX BALANCE :----~~
PAID $-JL
BALANCE OF INHERITANCE TAX DUE
Addinterest at rate of 6%from I "I &;"6/lima 1'170 to J"a'h-l.Irr~(J/~d7t>$
AMOUNT OF ESTATE TAX ASSESSED $--~----lL-
Estate tax paid $.....L-
BALANCE DUE
Add interest at rate of 6%from
------Ito-----
a<{Y7:W~
1)IJT,JuP/JJ£'.
otn
OJ.(
oc~5
- JD,),,$"y:
1'771..-'I ~1
Iq76 ~4 1.l..
J l/f\31'110 IS Da..
FOR USE OF REGISTER ONLY ADJUSTMENTS
NOTE:Where subsequent adjustments are made to the above computation of tax by the Register of Wills,for proper reason,
same should be noted below,with short explanation.
;
_.J
l .
.sWppL~~~n .,.."t-
Will l 63 .6<t·UK
Administration )No.Year .
IN THE
MATTER OF THE APPRAISEMENT
OF THE
ESTATE OF
.JOh'n ..e)(!>.rr...sf(t;~f.:1 ...111KIR
Deceased
Late of M"N'(}MGR HrLR.................................',....-...
County of WflSJiJNGr;,~1
Commonwealth of Pennsylvania
REPORT AND APPRAISAL
$t./Pple#\e f"1Tq I-
y
~
...
}"'unn aCC-2
DEP~R.TME~~T OF REVENUE
BP..JtEAU·OF COUNTY COLLECTIONS
HARRISBURG.PENNA.17127
COMMONWEALTH OF PENNSYLVAt.JIA
RESIDENT INHERITANCE TAX
APPRAISEMENT
DATE .....~~.c::.~m.l:>.~:r.....~!9.7.~.....
COUNTyWA~~.~.~g.!'9.~.
FILE NO 63.d$.9.~1l8 .
Whereas,JOHN SC.O.T.r .sKELLy a/k/~:..late of HQN.QNO:~.
in the County of W4$H~9.:!9.N Commonwealth of Pennsylvania,having died on
the 22n<iL :day of J..AN.yARI.............................................19 9.9..,seized and possessed of an estate
subject to Inheritance Tax under the laws of the Commonwealth of Pennsylvania;
Andrew J Merva District Sup~rvisor..Therefore,I,: ;~~~duly appomted accordmg to law,
having been designated to make a fair and conscionable appraisement of the said estate,and to assess and fix
the cash value of all annuities and life esta.tes growing out of said estate,hereby file the following appraisement:
In the event that any future interest in this estate is transferred in possession or enjoyment to collateral heirs of the decedent after
the expiration of any estate for life or for years,the Commonwealth hereby expressly reserves the right to appraise and assess transfer
inheritance taxes at the lawful collateral rate on any such future interest.
Description·of·Asset
SUPPLEMENTAL
AlII 1Ill\IH ASSETS PICKED UP FROM UNITED STA'IES ESTA'TIE TAX RETURN FORM:
706.
~THE FOUDWING I'IEMl 1furu 34 Inclusive accrued interests.Schedule B3 of~~.,.ri.A .
Stocks ~Bonds of Federaivr~iui;:nSeeSchedule attached hereto
TOTAL SUPPlEMENTAL PERSONAL PROPERTY}
Unit
Values
$
AppraisementMadeforInheritanceTaxPurposes.
Having been duly SWOll'Il a23~ing to law,I do hereby certify that the above appraisement is made in con-
formity with law on this day of ~~.~:~~~4..r.:~~<..J..~:.:.i.1~r.y.~:..:··jj··i·s::~··,.·.:·SI1.j:~·.:lJ.J.~!-~·
.......................J.+'J lP...~.J...0.'.~..tr...q.~\T..R.u.~.C Q,.~?:.9~i.8~'..
(Number and Str~et).........................................lI.J..Q..J.h..I..~..~...r.fJ 1(\1..'?~.r..h..~,Penna.
(Post om".)
~
Se.t p pl...Of\ev.,tiL...
WASBHGIOlI
&3·L9·tJ e'
County
/,)c....
j-,
,..
r
_."....
liti
•tr'
I
d-..~t..Q,CD,','Qc;.:>
i~
\\..
RESIDENT INHE~ITANCE TAX APPRAISEMENT
,Estate of
...
••,••••••••••••••n •••~~·•••·~••~~...~••~~•••••••••••••••
Deceased.
Late of
Em~.mA...
Date of Death,..d.UIU.ABt .22 1t69 ·
AppraisemeHt Docket tVol.,;.
Page,<:No ~.
.J)6.c.t{e.T Jl..~I.K.~~s..::..
Filed in Register's 0 tJice,.~.~2..~J9...7..t
Amount of tax due,$~..
DEPARTMENT OF REVENUE
Received,'...
Examined and Approved,.
Wrote abo,ut Appra.isement,
Appeal f1'om Appraisement,..
"
\,
.'\
o
...
..
/.
C
I,,
......................................................................................7 ·..
../.
~Entered ~/~!fjiJ{J~d,-::~..'.;.-::~.
..",:/....
c '..
<.~
OEDUCTIONS ALLOWED IN
OFFICE OF THE
REGIB.ER OF WILLS
OF _W_A_S_H_I_N_G_T_O_N__COUNTY
AND AGENT OF THII COhlMONWIiALTH
~J-t.9-1/l',
STATEMENT OF DEBTS
AND DEDUCTIONS
J
THE SUM OF .0 • 0 0 • 0 •••0 0 $.//1 "7 fJ iJ 1/
It"t LI'7{
oM<([~lj~~
Reglater of Wills,Agul
ESTATE OF JOHN SCOTT SKELLY LATE OF MONONGAHELA
January 22,1969DATEOFFILINGAPPRAISEMENTDATI&01"DEATH -=-_.....:...__:...:..._
HEREBY CERYlN,THAT.TO THE BEaT OF'
COUNTY OF Allegheny }se:
I,Robert C.Atwell,Trust Officer,WPNB
.
DATI':NO.0,-NA"'E OF PAYEE REMARKS AMOUNTVOUCH~"
1969
Nov.6 Marie C.Skelly family exemption -cash I IS 90e 00
INov.6 Marie C.Skelly family exemption -1 she "I
Monongahela Country Club 100 00
Feb.17 Washington County Reports advettisinq letters .;1A ()()
Feb.18 G.Donald Gerlach,Esquire reimbursement for Probate of
Will and 15 short certificat es 33 50
Mar.12 Monongahela Publishing Co.advertising letters .".12 S()
Mar.26 Redister of Wills 15 short certi fi ('~t-P.:;,c:;()().,
Aor.10 Joseph Gilmore,Jr.household goods appraisal fEe 75 00
Apr.22 Western Pa.NatL Bank real estate service fee .,50 00
~~lO 1q R~ai!':t-pr of Will!':filing the inventory and
?Q ()()I~nrli t-;nn~1 co~t Grt=lnt r.~t-t-p,.I.:;
Reed,Smith,Shaw &McClay,reimbursement for telephone
Esquires tolls,mileage and postage 33 97
,t;sqUl.rE s
Reed,Smith,Shaw &McClay orofessional services 30.750 00
l Marie C.Skelly Co-Executor's compensation 18 000 00
William S.Skelly Co-Executor's compensation 18,000 00
Western Pa.Natl.Bank CO-Executor's compensation 38,000 00
1969Feb.4 National Ambulance Service ambulance service ,•20 00
Feb.5 Mary M.Long termination pay 0'250 00,.
Feb.5 Luetta France termination pay 250 00
Feb.5 Semone Pender termination pay "'"250 00 -
termination paY ....250 00Feb.5 Bettv Kerns
Feb.5 Jane Polaski termination pay ,.250 00
IF-ph 17 L.M.Frve Funeral Horne funeral services ~3 133 48
Feb.27 Monongahela Memorial Hospita 1 balance due ./30 00
Amount forward $110,4,4:45
COMMONWEALTH OF PENNSYLVANIA
(L.So)
INHERITANCE TAX PURPOSES.
toIy KNOWLEDGE AND BELIEF,THE FOREGOING IS A JUST AND TRU E srATEMENT OF DEBTS,FUNERAL EXPENSES AND EXPENSES OF
ADMINISTRATION SUBMITTED TO THE ESTATE OF'John Scott Skelly DECu.eaD.Aa DEOUCTIONli FOR
'Zh :L~/L;;t (?~df
8W~FORE ...1:THI~_/.c../":::Y DAY OF Trust Officer
NOt:r;%b~;4>'
~.~MY C0LMZZ!.rJG [MY Flo ,~.~
jllmBUi1GH.AlLEGHENY CQUNn'
'f b:.•MISSlf;r·j E;,t'IHIIL.9 973
;,~:-r,..pC'~!1sY\V(l~~i~A~':ll,i(r~url\Jj ~'''"nc;,
~
/
/
OFFICE OF THE
REGISTER OF WILLS
WASHINGTONOF COUNTY
AND AGENT OF THK COMMONW5ALTH
STATEMENT OF DEBTS
AND DEDUCTIONS
DEDUCTIONS AL.L.OWED IN
THE SUM OF ....•.......$"
DATE APPROVED .
----=---c-,---:-~c:--~._-.._..-Reglater of Willa,Agont
ESTATE .OF _J_O_HN__S_C_O_T_T_S_K_E_L_L_~LATE OF ~M;.;;;O.;;;.N;.;:O;.;;;N.:...;G;.;;;A.;.;H;.;;;;E;;;.;LA;;;;;.;;.~__
DATE OF FILING APPRAISEMENT DATi OP'DEATH ...:J:..a=n:..:u:.::a:.:r:..yL.....-=2:..:2:..,L.-.:l:.::9~6:..9~_
DATF.NO.0'-NAME OF PAYEE REMARKS AMOUNT
vouc....."
Amount forward $10 445 45
Feb.27 Crall's Flowers balance due .,127 20
,"!
Feb.27 Dr.John G.Forsvthe orofessional services /24 00
Apr.30 Or.Howard W.Gadd professional services ./33 00
June 11 Quintet Monument Co.balance due "2,020 00·
1970 1 balance 00Jan.6 Mononqahela Memorial Hospita due ,..32
~:69 West Penn Power Co..,?C;01eb.4 electric service
Feb.5 Internal Revenue Service household emolovees 11f\1 1
Feb.7 William S.Gibson,M.D.balance due for services
rendered Mrs.Skelly "14 00
Feb.17 ~ell Telephone Co.balance due .,-Ql ()Q
Feb.17 Kaufmanns balance due ~90 76--
Feb.17 l3imbel Brothers balance due .;26 72
Feb.17 ~vers and Mvers balance due "39 28
I Feb.17 H:enson Cleaninq Service balance due ,6 00-
Feb.17 rtiddle Monongahela Industria
bevelopment Association balance due on pledge ,50 00
Feb.17 Prank H.Ries balance due ....5 00
Feb.17 ,pan and Tavlor Druq Co.balance due oJ'79 28
Feb.17 ~estis Service Station balance due '"32 50
Feb.17 ocust Grove Farms Irvin Dai rv balance due ."8 ~O -
Feb.17 ~and S Market balance due ....139 87
Feb.17 Pirst Presbyterian Church balance due on 1967 pledqe ."200 00
Feb.17 o1.rs.Marie Skelly reimbursement for waqes and
expenses paid V'1,267 ~6
Amount forward $14,883 33
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF Allegheny
I,Robert C.Atwell,Trust WPNB HEREBY CERTIP'Y,THAT.TO THE BEaT OF
t.lY l(NOWLf:OGE AND BELIEF,THE FOREGOING IS A JUST AND TRU II!:IIlrATEMENT OF DEBTS.FUNERAL EXPENSES AND EXPENSE!;0"
AOMINISTRATION SUBMITTED TO THE El!ITATE OF John Scott Skelly .oECu.elUl.AS DEDUCTIONI'!'OR
INHERITANCE TAX PURPOSES.~d(!J,~'(L.Ii.l
SWORN /.-'z;f Trust Off1-'cerNDSUBSCRIBEDBEFOREMETHIS'"DAY Of'
__--'a..;p~::::::~~~~~_~18~
R Cc-n (6-67)
COMMONWEALTH OF PENNSYLVANIA
DEPA.-BfrMf;NT OF REVENUE'BUR~;\)JJOF COUNTY COLLECTIONS,9".,._0_
APPLICATION FOR AND CONSENT
TO TRANSfER SECURITIES
REGISTERED IN THE NAME
OF A RESIDENT DECEDENT
/
APPLICATION DATE March ~_1,1969
(State)
~~~~)Western Pennsylvania Nat'l Bank,EXECUTOR)(Name)
TO THE PENNSYLVANIA DEPARTMENT OF REVENUE:
Application is hereby made for CQlsent to the transfer of the following securities of a Pennsylvania
Corporation or a National Banking Association located in Pennsylvania:
(a)552 shs.(b)pi ttsburgh National Bank (c)--JC~og;mmmmog.·nH------
(NOTE:In describing securities enter in (a),ab eNe,either the number of shares of stock or the face amount of
registered bonds,in (b),the name of the issuing company and in (c)the class of stock or the stated interest rate
and maturity date of registered bonds.)
ISSUED ON __-\V~al-.l.r.4j.....ol.lAn.;;).s__,and having a TOTAL MARKET VALUE OF $~38~'L!2::...!2~6~.~O~O _
(Date)
as of the date of death of the decedent,-----t-JJ.......---;;;S~c~o~t~t......_1lS~k~e~l......l""~'f-r------,on_..u.!I.J:2a..unc....~2""""2~,-..&.1..;J.9..1.16'..J.9 __
(Name of Decedent)(Date of death)
who was Iate of---t7-;;!;l;-;1;l...-i"M!t:e!-eaK:dH:e!----iSilHt....rEr4Qr&-lQ~t""'"'t_,......ML'.l'O..,.n.w.O~n.y9.Qa.,l.,lh""'e...l ......al.-f,'-----"P:..c;al-4.>__--Na.sh~nq±p.n'-------
(Street and Number)(Post Office)(County)
The securities are registered as follows:__~Jh.~~SKc~o~t~t~··~S~k~$~l~l~~¥r--------------~
(Name or names in which certi·ficates are registered)
15132
236 Fifth Aveneu@,McKeesport,Pa.
(Address)
NAME OF APPLICANT Western Penna.National Bank
236 Fifth Avenue
COUNTY FILE NUMBER 63-69-118 ADDRESS OF APPLlCAN~~K.e.e~~~~!::::::-~l.~a~2 __
BUREAU FILE NUMBER Same SIGNATURE OF APPLICANlil(~~eht~~t=Mh-~iSt;_Q.;~.cer
NOTICE:IF YOU FAIL TO PROPERLY FILL IN ANY PORTION OF THIS A
CONSIDERED COMPLETE AND WILL BE RETURNED TO YOU FOR
COMMONWEALTH OF PENNSYLVANIA -DEPARTMENT OF REVENUE
CONSENT TO TRANSFER SECURITIES
DATE April 1st.1969
I hereby consent to the transfer of the above securities now registered in the name of the aforesaid
Decedent and waive the filing of a certificate certifying to the payment of the transfer inheritance tax to which
the property of said Decedent is made subject pursuant to the provisions of the Act of June 20,1919,P.L.521,
as amended and the Act of June 15,1961,P.L.373,as amended.This is also in accordance with the provisions
of the Act of April 9,1929,P.L.343.
This Consent to Transfer the herein described property operates only in reference to the estate of the
above-named Decedent.
Signed for the Secretary of Revenue
By _
(Signature)
Register of Wills
(Title)(County)
Washington
Rcc-n ('-..
COMMI::,t~L1H OF PENN;YLVANIA
D~TMENTOF REVENUE
SURE·OF'/ZOUNTY COLLECTIONS
APPLlC~TION'..FOR AND CONSENT
TO TRANSFER SECURITIES
REGISTERED IN TH E NAME
OF A RESIDENT DECEDENT
APPLICATION DATE March 3f,1969
TO THE PENNSYLVANIA DEPARTMENT OF REVENUE:
Application is hereby made for cQ'lsent to the transfer of the following securities of a Pennsylvania
Corporation or a National Banking Association located in Pennsylvania:
(a)100 aha.(b)Equi'tab1e Gas Company (c)~C~oH!m;ml1llllfo*n\--------
(NOTE:In describing securities enter in (a),a~CNe,either the number of shares of stock or the face amount of
registered bonds,in (b),the name of the issuing company and in (c)the class of stock or the stated interest rate
and maturity date of registered bonds.)
ISSUED ON Dec.J9,1950 ,and having a TOTAL MARKET VAJlUE OF $--:::3h,~9K:lO~O ...-u.OI:1-0-----
(Date)
as of the date of death of the decedent,J.SCott Skelly ,on Jan.22,1969
(Name of Decedent)(Date of death)
(State)
who was late of 1]]Meade Street,Monongahela,Pa.
(Street and Number)(Post Office)
_~l9:~h~ngJ;?n~---,_
(County)
COUNTY FILE NUMBER 63-69-118
The securities are registered as follows:~~~~~~~~H·~~(N~:ofn~~~~n ~~~lc~Xificatesare registered)
«.wmt~~1 i '1 t..15132EXECUTOR)Western I(~a~~)sy 'ltan a Nat Ban¥c,236 Fi~~~e~!e.,}1cKeesport,
NAM E 0F APPLI CANT -I'$11'H7e:!Hss-lt~eH::r::l;nl--!"P'e!a-.-.-~Pf,~ai!l't6-~tlr--iBlh:&HnHlk<-----
236 Fifth Avenue
ADDRESS OF APPLICANT',.,ME~~~e,-~.----l-§-;~---
BUREAU FILE NUMBER Same SIGNATURE OF APPLlCAN~T':"7~~::dk~•NOTICE:IF YOU FAIL TO PROPERLY FILL IN ANY PORTION OF THIS A L.:IC
CONSIDERED COMPLETE AND WILL BE RETURNED TO YOU FOR
COMMONWEALTH OF PENNSYLVANIA -DEPARTMENT OF REVENUE
CONSENT TO TRANSFER SECURITIES
cer
DAT~pril 1st.1969
I hereby consent to the transfer of the above securities now registered in the name of the aforesaid
Decedent and waive the filing of a certificate certifying to the payment of the transfer inheritance tax to which
the property of said Decedent is made subject pursuant to the provisions of the Act of June 20,1919,P.L.521,
as amended and the Act of June 15,1961,P.L.373,as amended.This is also in accordance with the provisions
of the Act of April 9,1929,P.L.343.
This Consent to Transfer the herein described property operates only in reference to the estate of the
above-named Decedent.
(Signature)
Register of Wills
(Title)(County)
Washington
RCC-72 (6-67)
COMMONWEALTH OF PENNSYLVANIA
DEPARTM,ENT OF REVENUE
BUREiAU OF ~OUNTY COLLECTIONS
APPLICATIQN FOR AND CONSENT
TO lRANS'FER SECURITIES
REGI'S"FERED IN THE NAME
OF A RESIDENT DECEDENT
APPLICATION DATE March :nl,1969
(State)
Pal
TO THE PENNSYLVANIA DEPARTMENT OF REVENUE:
Application is hereby made for consent to the transfer of the following securities of a Pennsylvania
Corporation or a National Banking Association located in Pennsylvania:
~~O'~~i~~:scri~~~9 s~&X~~~~~ar~t~~~~~h=~~~n~:ber of shares(~f-s---'tc""o~y.kmw,:loUIr°U,tnUhe-fa-c-e-a-m-o-un-t-o-f-
registered bonds,in (b),the name of the issuing company and -in (c)the class of stock or the stated interest rate
and maturity date of registered bonds.)
ISSU ED ON -~t.firaHr:'ii;E;O~UH3S~--'and hav i~g a TOTAL MA RK ET VALU E OF $_4.u-6#-,5~8O)..C8~.>-"OL.\olO,-----
(Date)
as of the date of death of the decedent,__..uJ~•.,;;Su..Coi.!o.Out",-,t.....JS-.u.k~e....l&...l.l..:Yl'-'on Jan.22,1969
(Name of Decedent)(Date of death)
who was late of __---l7....,\]...J.]--1!Mu:e::.c8.u.d.u:e::........S:ut............,fI---lr;1lf!1ou.Duou.n,u.·!!J9'sA...uh.s;e....l,ga.'-#,--*p:..s.oau.'---_W~_al~p,i:!1g;G;:t~~9+p~_
(Street and Number)(Post Office)(County)
The securities are registered as follows:__~~~'.~SiU.C~·~~t~t~·.....S:uk~e~J~]~~~-~
(Name or names in which certificates are registered)
15132~K~western Pennsylvania Nat-l Bank,236 Fifth Aye.,McKeesport,
EXECUTOR)(Name)(Address)
NAME OF APPLICANT Western Penna _National Bank
COUNTY FILE NUMBER 6 'l-t"-::;/h.DDRESS OF APPLICAN 236 Fifth Avenue
BUREAU FILE NUMBER 63-69-118 SIGNATURE OF APPLlCANT~.i...£k~r-B.8:Vi~c.f-l~iS-t:~~l:eer
NOTiCE:IF YOU FAIL TO PROPERLY FILL IN ANY PORTION OF THIS AP ICATI
CONSIDERED COMPLETE AND WILL BE RETURNED TO YOU FOR C'VIYn..-
COMMONWEALTH OF PENNSYLVANIA -DEPARTMENT OF REVENUE
CONSENT TO TRANSFER SECURITIES
DATEApril 1st.1969
I hereby consent to the transfer of the above securities now registered in the name of the aforesaid
Decedent and waive the filing of a certificate certifying to the payment of the transfer inheritance tax to which
the property of said Decedent is made subject pursuant to the provisions of .the Act of June 20,1919,P.L.521,
as amended and the Act of June 15,1961,P.L.373,as amended.This is also in accordance with the provisions
of the Act of April 9,1929,P.L.343.
This Consent to Transfer the herein described property operates only in reference to the estate of the
above-named Decedent.
Signed fo~Secretar~O.f ~_evenue "
By I d~~~~~t~/
(Signature)
Register of Wills Washington
(Title)(County)
Western Pennsylvania National Bank
236 FIFTH AVENUE •MCKEESPORT,PENNSYLVANIA 15132
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this co~pany is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stocks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
enc.
Dayton
Operations
~
r
r,,
t~.
f~I
f
"
(t
Western Pennsylvania National Bank
236 FIFTH AVENUE •MCKEESPORT,PENNSYLVANIA 15132
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:'Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this company is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing.waivers in order
that Pennsylvania stbcks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by th~Department of Revenje,the fiduciary
will file its bond in.a form satisfactory to the Department.
of Revenue.
.~"....._-
enc.
t~"'~~i.i'ijJh:t.r~'Y..:.r.~~~"':"·':':"''':<'''''~~:·'.~•._..:..•,';:'.~'
•'1
,.-
-._..__.--,_......_.""~~
.<)
Western Pennsylvania National Bank
2:36 FIFTH'AVENUE •MCKEESPORT,PENNSYLVANIA 15132
March 31,1969
Register of Wills
Washington County.Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be,advised that this company is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stOcks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If "requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very
enc.
';1'·"I
Western Pennsylvania National Bank
23 6 F I FTH A V E N U E •Me K E ESP0 RT,PEN N 5 Y LVA N IA I 5 I 3 2
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this company is acting as '
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stocks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very trul
ayton
perations
enc.
/
(•<:-.....
Western Pennsylvania National Bank
236 FIFTH AVENUE •MCKEESPORT,PENNSYLVANIA 15132
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this company is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stocks and registered bonds,if any,may
be sold when necessary.The estate is not yet.in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very truly yours,
enc.
~"
Gentlemen:
ATTN:Inheritance Tax Division
March 31,1969
MCKEESPORT,PENNSYLVANIA 15132236FIFTHAVENUE•
Western Pennsylvania National Bank
RE:Estate of J.Scott Skelly
Account Number:
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
Register of Wills
Washington County Courthouse
Washington,Penna.15301
The Executor is desirous of securing waivers in order
that Pennsylvania stbcks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Please be advised that this company is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very
enc.
I;
(.r .
i
·",.~"
Western Pennsylvania National Bank
236 FIFTH AVENUE •MCKEESPORT,PENNSYLVANIA 15132.
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this co~pany is acting as
Executor in the Estate of J.Scott Skelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stocks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very truly yours,
ficer
enc.
.",.;........
10.".'•
RECEIVED FOUR THOUSAND FIVE HUNDRED W.l...:wry ONE and Sl/lro·"'If'.',,,-,,.,........".•, •"dollars
l-1ARIE c.5KE!LI &.~i.J'..LL\H S..5KELLY......a;Xn.representing Pennsylvania Inheritance or
From:WEb'Tl'.JlN l'EUNSYLVANlA lJATIOI'iAL BANK ..Estate Tax due from the following estate:
PITTSBURGH PUmSI1VANIA
Address FIFTH &:SlUTHFIELD ST~'T
Date of Payment January 6j.1112
Name of Decedent JOlIN SCOTT'SKELLY f.1 k a
2%Tax on $$
6%Tax on $1..706,8,:3.53 $l02..411.21
15%Taxon $$~%Tax on $$
Estate Tax,Act of !
May 7,1927 $
Date of Death--'-1_""_2_2-6__9.:....._----lFileNo.6,)-69-ua
Cou nty w._AS_c_n_I_tm_O!_I ~
Remarks:
Jtro
'.'!-.~}cf-..
TOTAL TAX CREDIT $__1_02_,_1_11_1_._21 _
Less five percentum of tax if Prov.Pd.I 2S..l9.JiPZ
paid within three months afterBal.DuO 4,lCfl.56
date of death $----------1IiI1
Plus interest at the rate of
L %from ....J1~!...;22:::!!06t:~=-7~1"-_
to D.xt.Q $__---'J....3...1,.........2....5<--__11!I1
SEA L
NOTE:This Triplicate Receipt to be retained for au:J?e..~5
TOTAL AMOUNT PAID $===4:!:j,!=52!:::!!1:!:.81~~==~
/'~(~,<C!J:JyJL I'll!lj f.hW
Received by!',
NOTE:In accepting the transfer inheritance tax on future estates,prior to the death of the'lif,e ) .r.,',(Signature),'J (/1
tenant or tenant for years,as evidenced by this receipt,it is understood that the Commonwealth shall (,"f:\../,.),J'<..--i ~~~ot be precluded or prevented from hereofter assessing odditional inheritance tax ot the death of the";:::,;),,;1...'',.A ,?\,(.
l,fe tenant or tenont for years whenever it appeors thot such odditional tax moy be legolly due and \(T"tl I)
collectible for any reason wholsoever.'--J I e
RCC·4 (8·68)
I--------------------------------------~
No·8
COMMONWEALTH OF PENNSYLVANIA,',.,
•DEPARTMENT OF REVENUE ~11988 OFFICIAL RECEIPT •PENNSYLVANIA INHERITANCE AND ESTATE T.
J
RECEIVED 'PhD InnmRTo:{)EIGHTl:Eli ~nd )1/100.............1
MARIE C.SKEIJ..Y,&.yULtIAH s.5K.El~I.;r.EX.R.
From:m r(!l·j t.
Ii"r 1 ~
representing Pennsylvania Inheritance or
Estate Tax due from the following estate:
••dollars
Address FIFTH &SMITHFIELD STltEE.'T 2%Tax on $$I~
6%Tax on $-~3~"j'*O....1~.....0"'79'---$--.....1....9$""",.......C£lf----111I
File No._..Jo6"""3=~",,,·~9-"",'....J.....8"",,--_Date of Death---J.$~tti._--l 15%Tax on $$111
$--------1fJI
I Date of Payment ?
Name of Decedent JOHU SCOTT SKeLLY a Ie a
%Tax on $---------$----------1IlI
Estate Tax,Act of
May 7,1927
County '~iA""'S""HI""""~""'{j_'_'tm..."".,.'l'___i
Remarks:
JHO
I..-/':A ,
TOTAL TAX CREDIT
Less five percentum of tax if
paid within three months after
date of death
Plus interest at the rate of
-6-%from ~
to DlltQ
$19#-,-8..:..1!o·'.>Lr!lf---
$--------U1
$=~2::!::!J$!::!::l.!::III!3±:7===t!tSEAL
NOTE:This Triplicate Receipt to be retained for audit purposes.37...182-$
".TOTAL AMOUNT PAID.......~.-..I \.'
i '~'"/()'/J4
Received by-/'-".._~..::.\."".._.._f.l_.l.,....._X_..............._:__-.7':.,....-----=:O'l'-~--'-------.
NOTE:In accepting the transfer inheritance tax an future estates,prior to the death of the life \'-/--(Signature)f )j.',
tenant or tenant far years,as evidenced by this receipt,it is understood that the Commonwealth shall \-{i O'cl...JCi./.x.J:,,.,I '~-../I (.~...o.)
not be precluded or prevented from hereafter assessing additional inheritance tax at the death of th'e -'/'"'\.<...''-.-,\J""".,
life tenant or tenant for years whenever it appears that such additianal tax may be legally due and ('J (hi )
callectible for any reason whatsaever.I e
t
i.
Western Pennsylvania National Bank
236 FIFTH AVENUE •McKEESPORT,PENNSYLVANIA 15132
March 31,1969
Register of Wills
Washington County Courthouse
Washington,Penna.15301
ATTN:Inheritance Tax Division
Gentlemen:
RE:Estate of J.Scott Skelly
Account Number:
Please be advised that this co~pany is acting as
Executor in the Estate of J.Scott ~kelly,who died on
January 22,1969,a resident of Washington County.
The Executor is desirous of securing waivers in order
that Pennsylvania stbcks and registered bonds,if any,may
be sold when necessary.The estate is not yet in a position
to file the Pennsylvania Inheritance Tax Return.We hereby
certify that the proper forms will be filed in due course,
and whatever Pennsylvania Inheritance and Estate Tax is .
ultimately found to be due will be paid.
Therefore,it is requested that waivers be issued in
accordance with the attached applications.
If requested by the Department of Revenue,the fiduciary
will file its bond in a form satisfactory to the Department
of Revenue.
Very truly yours,
enc.
o <:...:J0:::
r-."..-oroJ>-0')