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Home My WebLink AboutOC1969-0849 - ESTATE OF GUTTMANrs 9/3/69 ~~----~--~--~---'--"" Testate Form J I PETITION SUR AUDIT IN THE·ORPHANS'COURT OF WASHINGTON COUNTY Estate of ~~.E!.~~..~.!..g:t:l:~.~~~__I!L/~/~..___._..----. ........................J.e.s.s.e...:6.e.r.n.ar.d..Q-u:t:troan."_ _ . Deceased No ~!t~~f 1~~~_A. A. Fiduciary.~~~..p..!..g~:t!:t!!!I~!?_~__~~~~.SI:.§.!...~1;1;~~ ~.~..~~..:9:~~.~.~..~~~~~~~..~~..~r.~~:t?:t!§J?~g]:l, Executors ~~~~,~~~ Decedent's death ~~~.g..~A~~.9 _Grant of Letters ~~~!.Y...:?9.~...19.~~. This is the ~~!.~~..~~..~~!?_~~account fi led In this estate If there have been former accounts filed in this estate,list file number or number and term :. Election to take Not applicable Under or Against will.(cross out one) Date Election Place of; Filed _Record .;. Name of surviving spouse ~!.~~~..~~.~~~~..~~.~.~'~~.~~..~::.~~~?!.t . List issue,where material:Steven J.Guttman Jack A.Guttman" Did decedent marry after execution of will?(indicate)~.No.Any children born after execution of will?(indicate) :XIfeGx:No.If answer yes,name the,m __.._ _ _ . ---_-_.._---____..--_-___-_---..--_---_----.---_. Leg.atees Relationship Interest Fiduciary,if dece~sed or not sui juris Sylvia Ziskind Guttman Surviving Spouse Leo D.Guttman,Howard S. Guttman and The Union National Bank of'Pittsburgh,Trustees Under Paragraph Third of the 'Will, Trust for Sylvia Ziskind Guttman (now Graditor)Surviving Spouse I Leo D.Guttman,Howard S. Guttman and The Union National Bank of Pittsburgh,Trustees Under Paragraph Fourth of the Will, Trust for Sylvia Ziskind Guttman (now Graditor)Surviving Spouse Bequest Marital Trust Residue List,if exceptions to above:Adeemed:Revoked:Lapsed:Abated:Give Cause: None If partial intestacy,give facts: None 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.:xbm If t··.No exceptionanyexcepIongivecause . File copy of Noti~:August 14,1969anddateofmailing .,. r- Is estate subject to the filing of a Federal Estate Tax Return?~~~:,,,,. Actual payment made on Pennsylvania Transfer Inheritance Tax.Amount $~~.J.?.13.,3.1.. If the Will makes any portion of estate subject to a life-estate,give name and birth date of life tenant... ......................~y.~~~_.~~~~~~..~~.~.~.~..!?~!.~~~.~.~..:~.._9.9.~9.~~!:..gg,J.9.gQ . Give Names and addresses of all unpaid creditors who a re legally entitled to notice,together with the amounts of such claims;state whether they are admitted to be correct;and whether the claim is denied. None 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 $0.00 362.64 $470.31 ~ Balance for distribution per account, Itemize any additional debits not shown by account: See Schedule "B" Principal -Personalty Income -Personalty Total additional debits (Add) Itemize any additional credits not shown by account: See Schedule "B" Principal -Personalty < Income -Personalty Total additional credits (Subtract) Balance for distribution $432,903.66........................................ $..2~~.~~4 . $..??~.~~?c . $..'/?~1.?~?~.~?. If balance for distribution is not in cash,list each iterri held in kind,giving appraised Value (or distribution Value); See Schedule ":G"attached. ~- (..". If Family Exemption claimed by Petition,give place of Record:__~~~~~~_)y._J~:t!:t!~;J;'__:t!_9.J~~E?5~:t:'l:t.9~_~@<;l,..p.~t.t;L February 24,1966 (See First and Final~.......... .{Account Pa e 12IfFamilyExemptionISclaimedataudit,give name,relatIOnship and basIs for C1alm:.'-K --- List any advancement or distribution on account that has been made,and nature and amount of same: See Schedule "D" Principal -Personalty Income -Personalty $427,662.69 58,507.35 i,,i Suggested distribution of balance shown,both as to principal and income,attaching signed and itemized elections to take in kind if balance is not in cosh:residuary shares being stated in proportions: See Schedule ''E''attached. ,\ couNTY OF WASHINGTON,SS: -:COMMONWEALTH OF PENNSYLVANIA 1 The above named Fiduciaries,Leo D.Guttman and Howard S.Guttman,or representative thereof,being duly sworn doth depose and say that the facts set forth in the fore- going petition are true to the best of their knowledge and belief.Sworn to and ~ :subscribed before me this /0 W day of.. ..., __S....epl;..t_e_m_b_e_r--_.,1969. Signature of Officer ~a.~ .,. Title of Officer__~N~o~t~a~II~~P~u~b~l;i~c~--- Office expires_~~~~~~~~~~~~/~9~~~.~9__? And your petitioner will ever pray,etc. -----------~~~--------------------~'1:Leo D.Gutt . r--........ No 849 o..f J.9.6.9 A.A. Estate of ;r.~.l?l?~.J?!9:"':l:~~~~..?L~j~. ... ...................Je.s.se..J3.ernar1i ..G:ut.tma:uu,... Deceased ." ,.Fiduciary.LeQ...D.JI...Yu.tt~n."...HQ}.ffl;r.'g..S.!...G-:tJ..:ttman ~mg..:rb.~..JJn4.QJ..l..R~."!'.:!-.9.t::l:~+...l?l?:.~..9.:f...~~~~purgh ,Executors PETITION SUR AUDIT FROM WHERE DECEDENT LEFT A WILL Counsel of Fiduciary will submit herewith the following,in conformity with Court Rules adopted effective December 3,1951,being rule No.9:po rag raph b-c;and divisions thereof:shown on pages 23-24. 1.Written praecipes of all Counsel in the case. 62 1JO 69. -·0 -:J ·1 F.J ...J 1 I _) 6 UU ~fd "~,'(}Q 11J,Q.l~t:JHlISVM S111LM :.:H)}jl31S1:sJ3~ OlttJYtl\f;»J TBSSn~ 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 Will. 6.Copy of inventory and appraisement. 7.Proof of advertisement of grant of letters if not filed with account. 8.Certificate of Iiens 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-15 t(Jte is_subject thereto. Rex Rowland,Esq. Buchanan,Ingersoll,Roaewald, Kyle &Buerger 1800 Oliver Building Pittsburgh,Pennsylvania 15222 281-0770 Attorney • 1 .... I •• ii',:t... ," ~:rt~~/'\"'..,-'",t •~~'"!~-• ,. IN THE COURT OF COMMON PLEASj OF WASHINGTON COUNTY,PENNSYLVAN NO.Ylff-¥/~pr ESTATE OF -JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED FIRST AND FINAL ACCOUNT OF LEO D.GUTTMAN, HOWARD S.GUTTMAN AND THE UNION NATIONAL BANK OF PITTSBURGH, EXECUTORS ..:. .~./~ ''''''{..'-:.~~,.;\C.!'·.i·"i4·~7· :'''''''~''''~.-":~,~;f~' .,'::'C!lil1gton County,88. I do C(;f·tHr/t!)i',t I hal.ll'alue!!leoa!notice to all perSfJnS .'or;o,']."ned of ih3 {fii,,'g 0/i'fw (.'lith;':;account i'l t!;e mt;m;er pre- .:,';1'10':'</by Shiuts :wd ,h",£;of Court,as r:.U:dDilI.JCr!:>!j »I"(Jofs ;,-::.•;:;..-.!"I,r",r ;-"1 I'd:)13-~Q-foC>O .'Vi .....\...JI.~..i-.l ..\...'f,./.(G), d L..fl-"'''':~''''.;t_.0'1i·1<"I ~1"":t -~.-,f ,''lIir;.,~............~!,1;.J '..;;::;J ,Lelo"",,;",.,1,.•t".d (41."'.'.Jj".'ll.<.!i,t;,t,01118.•••...••__day't'T"19 bY.. -,~-Jfi?4~j'i:13r of Wi!ig • t.o->-r:: $919,073.70BALANCEDUE his account was transmitted and resented to the Common;Plea~ ourt,Orphaps~Qpurt fiivision nd conf'irmed TlliS'i at'--..~.......~.,I~.~.=:. ~~-$-\'''~ And noW,to wI ...,.QtB'to tAG Clerk ofOrph~acoou~t -- /.0tiH':Uitnl(i ,'..-~I "'J _'tirmatron,I"\AA'•<....;,--•c:;) [IY oon /)""I VII,..,•• ,..--oroFiled?"(f} •" ~ .( .~~ \''6 II ..I ... j '" "(I "'i -•.! 'William J.Kyle,Jr.,Esq. Buchanan,Ingersoll,Rodewald Kyle and Buerger 1800 Oliver Building Pittsburgh,Pennsylvania 15222 roRM:1'140A bk'.lS'c?··p~3sa 281-0770. ., " J ,~'"'"-:--..J.-.-..... I "!'~"': I ·,·W I 'Rtfit-.'____---:_....-._-;-.•r,.;,.;fJ;~",ID 1&J....._1 __ •fJ t711!!1 IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION NO.r¥/j-~/f~f ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED FIRST AND FINAL ACCOUNT OF IEO D.GUTTMAN, HOWARD S.GUTTMAN AND THE UNION NATIONAL BANK OF PITTSBURGH EXECUTORS June 24,1969 SUMMARY SCHEDUIE .A. PRINCIPAL -PERSONALTY Receipts Pages 4 -12 From Income -Personalty 1,139,456.36 7,904.32 Disbursements Pages 12 -19 BALANCE 1,147~360 68 307,226 21 840,134 47 SCHEDULE B INCOME -PERSONALTY Receipts Pages 20 -26 Disbursements Pages 26 -27 To Principal -Personalty 6,932.09 7,904.32 14,836 41 BALANCE NET BALANCE The Balance Consists of the Following:- Principal -Personalty Stocks Envoy Towboat,Incorporated 50 shares Capital Inventory value Explorer Towboat,Incorporated 50 shares Capital Inventory value Express Towboat,Incorporated 50 shares Capital Inventory value 5~000 00 5,000 00 5,000 00 78,939 23 919,073 70 _._- ,,1 :).:.'f ESTATE OF JESSE Bo GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Stocks (continued) First National Bank of Charleroi,Pennsylvania 8 shares Common Inventory value 1,216 00 IGutbroBargeLines,Incorporated 50 shares Capital IInventoryvalue11,430 47 Martin G.To~boat~Incorporated 100 shares Capital I Inventory value 10yOOO 00 Mon Valley Terminal,Incorporated 10 shares Capital Inventory value 50~437 13 Mon Valley Terminal,Incorporated 40 shares Preferred Inventory value 4~000 00 92~083 60 Bonds United States of America Treasury Bills $24,000 dated 2/6/69 due 8/7/69 Purchased 5/8/69 23,637 36 , Miscellaneous Promissory Note of Gutbro Development Company dated 1/14/67 representing payment in full for 100 shares Gutbro Development Company Capital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance 51,754 92 Promissory Note of Guttman Supply Company dated 1/14/67 representing payment in full for 200 shares Guttman Supply Company Capital Stock under Buy =Sell Agreement dated 1/27/65 -Unpaid balance 25,881 03I -2 - ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Miscellaneous (continued) Promissory Note of Mercer Realty Company dated 1/14/67 representing payment in full for 50 shares Mercer Realty Company Capital Stock under Buy -Sell Agreement dated 1/27/65 =Unpaid balance Promissory Note of Thrif-T Oil Company dated 1/14/67 representing payment in full for 5 shares Thrif-T Oil Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated Unpaid balance Agreement dated 3/4/67 between Mon River Towing, Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 166 2/3 shares Mon River Towing Company, Incorporated Unpaid balance Distribution (See Exhibit No.1 Page 28) Cash on hand 62,813 47 6,614 99 19,303 50 129,557 33 , r 295,925 2~ 427,662 69 825 58 Income -Personalty Distribution (See Exhibit No.1 Page 29) Cash on hand =3 - 58,507 35 20,431 88 840,134 47 78,939 23 919,073 70 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED • f ~CHEDULE A PRINCIPAL -PERSONALTY RECEIPTS 1 9 6 8 Mar.11 Inventory filed 1,137,966 27 Less Adjustment to reflect correction of Decedent's 1/3 interest in the Estate of Jacob Guttman,Deceased (father) from 1,494.07 to 1,443.78 50 29 I 1,137,915 98 Additional Asset 1 9 6 7 May 15 Treasurer of The United StateS Veterans Burial Allowance 250 00 PUrchase of Assets Bonds \\ :United States of America Treasury Bills 4/21/66$70,000 dated 1/20/66 due 7/21/66 69,174.70 7/21/66 70,000 dated 4/21/66 due 10/20/66 69,115.90 10/20/66 49,000 dated 7/21/66 due 1/1<9/67 48,328.21 1/19/67 49,000 dated 10/20/66 due 4/20/67 48,415.92 5/11/67 51,000 dated 5/11/67 due 11/9/67 50,012.13 11/9/67 51,000 dated 11/9/67 due 5/9/68 49,664.31 3/15/68 12,000 dated 11/9/67 5/9/68 due 5/9/68 11.jl918.10 62,000 dated 5/9/68 due 11/7/68 60,214.40 11/7/68 62,000 dated 11/7/68 due 5/8/69 60,239.82 5/8/69 41,000 dated 2/6/69 due 8/7/69 40,380.49 $517,000 507,463.98 Cash disbursed for purchase of the above asse~s 507,463.98 0 00 -4 - I ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Stock Splits and Stock Dividends s..:•I t Jiffy Steak Company Common Received as a Stock Split 2/24/66 2 for 1 on 408 shares held Received as a Stock Dividend 6/30/66 2%on 816 shares held 11/30/662%on 832 shares held 408 shares 16.32 shares 16.64 shares 440.96 shares o 00 I 1 9 6 6 Jul.21 Aug.9 Aug.29 Sept.19 Oct.20 Sale and Conversion of Assets Without Gain or Loss Proceeds maturity -$70,000 United States of America Treasury Bills dated 1/20/66 due 7/21/66 69,174070 Purchased 4/21/66 69£174070 Proceeds sale -$10,000 United States of America Treasury Bills dated 4/21/66 due 10/20/66 9,873.70 Purchased 7/21/66 9,873.70 Proceeds sale -$10,000 United States of America Treasury Bills dated 4/21/66 due 10/20/66 9,873.70 Purchased 7/21/66 9,873.70 Proceeds sale -$1,000 United States of America Treasury Bill dated 4/21/66 due 10/20/66 987.37 Purchased 7/21/66 987037 Proceeds maturity -$49,000 United States of America Treasury Bills dated 4/21/66 due 10/20/66 48,381.13 Purchased 7/21/66 48,381.13 - 5 - o 00 o 00 o 00 o 00 o 00 1 9 6 7 Jan.19 Apr.20 Nov.9 1 9 6 8 May 9 Nov.7 Dec.24 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Sale and Conversion of Assets Without Gain or Loss (continued) Proceeds maturity -$49,000 United States of America Treasury Bills dated 7/21/66 due 1/19/67 48,328.21 Purchased 10/20/66 48,328.21 Proceeds maturity -$49,000 United States of America Treasury Bills dated 10/20/66 due 4/20/67 48,415092 Purchased 1/19/67 48,415092 Proceeds maturity -$51,000 United States of America Treasury Bills dated 5/11/67 due 11/9/67 50,012.13 Purchased 5/11/67 50,012.13 Proceeds maturity -$62,000 United States of America Treasury Bills dated 11/9/67 due 5/9/68 60,608.60 Purchased 11/9/67 and 3/15/68 60,608.60 Proceeds maturity -$62,000 United States of America Treasury Bills dated 5/9/68 due 11/7/68 60,214.40 Purchased 5/9/68 60,214.40 Proceeds sale -$21,000 United States of America Treasury Bills dated 11/7/68 due 5/8/69 20,403.81 Purchased 11/7/68 20,403.81 - 6 - o 00 o 00 o 00 o 00 o 00 o 00 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Sale and Conversion of Assets Without Gain or Loss (continued) 1 9 6 9 May 8 Proceeds maturity -$41,000 United States of America Treasury Bills dated 11/7/68 due 5/8/69 39,836.01 Purchased 11/7/68 39,836.01 0 00 Payment in full of claim against The Mandis Company 5/10/68 234.90 Inventory value 234.90 0 00 Payment on account of claim against Guttman Supply Company Received 3/2/67 $14,950.00 Face Value Demand Note Idated3/2/67 wtth interest at 4%I Payment account principal of Note , 5/10/68 1,000.00 Unpaid balance of Note 13,950.00 '. 14,950.00 Inventory value 14,950.00 0 00 Jul.7 Proceeds sale -$17,000 United States of America Treasury Bills dated 2/6/69 due 8/7/69 16,743.13 Purchased 5/8/69 16,743.13 0 00 0 00 , II I - 7 - ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Sale of Securities Covered by Buy -Sell Agreement The following securities were covered by a Buy -Sell Agreement dated 1/27/65, between and among each of the respective companies,Howard S.Guttman,Leo D. Guttman and Jesse B.Guttman.On 3/2/66 each of the companies elected to exercise their option under said Agreement to pu~chase their respective shares of stock owned by the Estate of Jesse B.Guttman. Payments for the purchase of these shares are to be made by means of Promissory Notes drawn between the respective companies and the Estate of Jesse B.Guttman,Deceased. The shares of Stock to be delivered to The Union National Bank of Pittsburgh Escrow Agent until payments in full are received on Promissory Notes Gutbro Development Company 100 shares Capital 51,754.92 $51,754.92 Face Value Promissory Note dated 1/14/67 Unpaid balance 51,754.92 o 00 Guttman Construction Company 10 shares Capital $1,187.33 Face Value Promissory Note dated 1/14/67 Paid in full 3/2/67 1,187.33 1,187.33 o 00 Guttman Oil Company 100 shares Capital 247,002.56 $247,002.56 Face Value Promissory Note dated 1/14/67 Payment Account Principal Cash 2/22/66 37,000.00 Stock 5/2/67 831/3 shares Mon River Towing, Incorporated 94,468.88 Unpaid balance 115,533.68 247,002.56 - 8 - o 00 ESTA'IE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Sale of Securities Covered by Buy -Sell Agreement (continued) Guttman Realty Company 250 shares Capital 225,666.16 $225,666.16 Face Value Promissory Note dated 1/14/67 Payment Account Principal Cash 2/22/66 26,000.00 Unpaid balance 199,666.16 225,666.16 Guttman Supply Company 200 shares Capital 60,658.59 $60,658.59 Face Value Promissory Note dated 1/14/67 Payments Account Principal Cash 2/22/66 16,000.00 3/2/68 2,601.96 3/2/69 -3/2/73 16,175.60 Unpaid balance 25,881.03 60,658.59 Guttman Supply Company of Pittsburgh 10 shares Capital Delivered to Guttman Supply Company of Pittsburgh with no funds to be received (Stock had no value at time of death) o 00 o 00 o 00 Guttman Supply Company of Sharon, Pennsylvania,Incorporated 2 shares Capital Paid in full 4/7/67 6,305.86 6.305.86 o 00 Guttman Supply Company of Washington, Pennsylvania,Incorporated 10 shares Capital 21,339.14 $21,339.14Face Value Promissory Note dated 1/14/67 Paid in full 4/7/67 21,339.14 -9 - o 00 ,,.'.[ ESTATE OF JESSE B.GUTTMAN A/K/A ,JESSE BERNARD GUTTMAN,DECEASED Sale of Securities Covered by Buy -Sell Agreement (continued) Mandis Company 5 shares Capital 923.29 $923.29 Face Value Promissory .Note dated 1/14/67 Paid in full 4/7/67 923.29 0 00 Mercer County Oil Company,Incorporated 50 shares Capital 185,194.62 $185,194.62 Face Value Promissory Note dated 1/14/67 Payment account Principal Cash 2/22/66 6,000.00 Stock 5/2/67 83 1/3 shares Mon Ri ver Towing, Incorporated 94,468.88 Unpaid balance 84,725.74 185,194.62 0 00 \ Mercer Realty Company 50 shares Capital 62,813.47 $62,813.47 Face Value Promissory Note dated 1/14/67 Unpaid balance 62.813.47 0 00 Thrif-T Oil Company 5 shares Capital 34,765.92 $34,765.92 Face Value Promissory Note dated 1/14/67 Payment account Principal Stock 5/2167 83 1/3 sharesMon River Barge Lines 28,150.93 Unpaid balance 6,614.99 34,765.92 0 00 -10 - ,,.r , ESTATE OF JESSE B.GUTTMAN A/K/A .JESSE BERNARD GUTTMAN,DECEASED Sale of Securities Covered by Buy..;,Sell Agreement (continued) Agreement dated 3/4/67 between I Mon River Barge Lines and the Estate of Jesse B.Guttman, Deceased representing payment I on the sale of 83 1/3 shares Mon River Barge Lines,Incorporated 28 1150.93 Payments account·Principal 4/7/67 5,630.19 3/4/68 1,608.62 3/4/69 1,608.62 Unpaid balance 19,303.50 28,150.93 o 00 Agreement dated 3/4/67 between Mon River Towing,Incorporated and the Estate of Jesse B.Guttman,Deceased .representing payment on the sale of 166 2/3 shares Mon River Towing, IIncorporated188,937.76 Payments account Principal 3/4/67 37,787.55 \3/11/68 10,796.44 \ 3/4/69 10,796.44 Unpaid balance 129,557.33 188,937.76 o 00 0 00 Gain on Sale of Assets 1 9 6 6 June 30 Proceeds sale -0.32 share Jiffy Steak Company Common Stock 3.92 Allocated value 3.54 38 JuL 8 Proceeds sale -10 shares Lincoln Bank and Trust Company Jefferson Borough,Pennsylvania Capital Stock at 40 400.00 Inventory value 375.00 25 00 -11 - I ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED .. Gain on Sale of Assets (continued) 1 9 67' Apr.12 Proceeds sale -200 shares Standard Oil Company of Indiana Capital Stock at 51.0625 10,212.50 IInventoryvalue8,9750 00 1,237 50 1 9 6 8 May 28 Proceeds sale ~4 shares Cities Service Company Common Stock at 47 5/8 190.50 Inventory value 163.00 27 50 1,290 38 1,139,456 36,From Income -Personalty Account Reimbursement for additional Federal Estate Tax paid due to the use of Administrative Expenses as an Income Tax deduction $52~346.47 at 15.1%7,904 32 1,147,360 68 DIS BUR S E MEN T S 1 9 6 6: Feb.24 ·Family Exemption Sylvia Z.Guttman,surviving spouse 1,000 00 ., Administrative Expenses 1 9 6 6 Feb.11 Washington County Reports Advertising Grant of Letters Testamentary 12 50 Guy A.Rogers Reimbursement for travel expenses to Charleroi,Pennsylvania 15 00 Payment for probate of Will and 10 Short Certificates 25 50 -12 - 1 9 6 6 Feb.25 Aug.1 Oct.27 Dec.21 1 9 6 7 Jan.24 Mar.17 Mar.31 Apr.14 Apr.17· Dec.6 1 9 6 8 Jan.19 Apr.2 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Administrative Expenses (continued) Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of 5 Short Certificates Cost of Short Certificate Cost of 2 Short Certificates Commonwealth of Pennsylvania -Bureau of Vital Statistics Cost of Death Certificate Buchanan,Ingersoll,Rodewald,Kyle and Buerger Reimbursement for advertising Grant of Letters Testamentary in The Valley Independent Josephine M.Douglas,Agent Certified Copy of Will Commonwealth of Pennsylvania -Bureau of Vital Statistics Cost of Death Certificate Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of Short Certificate Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of Short Certificate Internal Revenue Service 1966 Fiduciary Income Tax Epstein,Tabor and Schorr Services in re valuations of company stocks Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of 2 Short Certificates Peacock,Keller and Yohe Reimbursement for Additional Cost of filing Inventory AttorneyUs fee -13 - 5 00 1 00 2 00 1 00 7 50 10 50 1 00 1 00 1 00 886 95 1,295 00 2 00 27 00 30 00 ESTATE OF JESSE Bo GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Loss on Sale and Conversion of Assets (continued) 1 9 6 7 Apr.12 I I Proceeds sale -100 shares General Electric Company Common Stock at 84.875 Inventory value Proceeds sale ~87 shares General Motors Corporation Common Stock at 75.75 Inventory value Proceeds sale ~848 shares Jiffy Steak Company Common Stock at 8.625 Inventory value Proceeds sale -574 shares Texaco~Incorporated Capital Stock at 75.125 Inventory value Proceeds sale -200 shares Union Carbide Corporation Common Stock at 52.625 Inventory value Proceeds sale -100 shares Westinghouse E1ectric Corporation Common Stock at 53.1875 Inventory value 8,487.50 11,718.75 6,590.25 8,971.88 7,314.00 9,195.02 43,121.75 45,884.12 10,§,?5.00 13,812.50 5,318.75 6~343.75 3,231 25 2,381 63 1,881 02 2,762 37 3,287 50 1,025 00 Dec.5 Net proceeds sale -$1~000 United States of America Treasury Bill dated 11/9/67 due 5/9/68 Purchased 11/9/67 -15 - 971.00 973.81 2 81 ESTATE OF JESSE Bo GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED (continued)-ILossonSaleandConversionofAssets 1 9 6 8 May 28 Proceeds sale -5 shares Standard Oil Company -New Jersey I Capital Stock at 67 5/8 338.13 Inventory value 414.38 I 76 25 17,527 74 Preferred Debts 1 9 6 6 Feb.28 Harold Lo Schrock Funeral Home Funeral expenses 1,765.79 Less discount 240 00 1,741 79 Charleroi-Monessen Hospital Payment for Medical Expenses 11/1/65 and 12/3/65 (Out-patient department)30 00 : Craig Medical Associates Payment of balance for Medical , Services -statement 12/7/65 15 00 Joseph Mo Young,Mo Do Professional services 1/14/66 20 00 E.Eo Costa 9 Mo Do Professional services -statement,11/30/65 5 00 Congregation Sfard of McKeesport Funeral expenses 180 00 Septo 7 Charleroi-Monessen Hospital Balance due for services 1/14/66 22 00 Sept.22 Kurtz Monument Company Payment for Rock of Ages Memorial - statement 8/30/66 580 00 Sept.27 Howard So Guttman Reimbursement for funds paid to Rabbi Jacob Sax as honorarium 50 00 2,643 79 -16 -, , 1 9 6 6 Feb.7 Feb.28 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Other Debts The Union National Bank of Pittsburgh Accountant's compensation on Jesse B. Guttman,Agent Account No.4013 Sigma Alpha Mu Fathers Club Payment of dues for the year 1965-66 Mon River Towing,Incorporated Payment of balance due on personal car -statement 12/25/65 Mon Valley Travel Service Travel expenses -statement 2/1/66 George Ho Hott Agency,Incorporated Payment of premium on Personal Homeowners Insurance Policy for 3 year period-statement 12/15/65 Mellon National Bank and Trust Company Payment of balance due on Charge Account -statement 1/10/66 Ze1enski's Clothing purchases -statement 1/11/66 American Express Cards Car Rental and Miscellaneous statement 1/18/66 Howard So Guttman· .Payment of Loan 12/9/65 Gentry Clothing purchases -statement 2/1/66 Flair Clothing purchases -statement 2/1/66 Craig Medical Associates Medical expenses for Steven Guttman - statement 1/10/66 Haas'Fine Footwear,Incorporated Payment of balance -statement 2/1/66 -17 - 28 58 25 OC 4,144 00 511 15 454 00 29 00 111 55 370 98 5,000 00 234 80 19 35 10 00 15 27 1 9 6 6 Feb.28 Mar.1 Mar.7 Mar.23 June 8 ESTATE OF JESSE Bo GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Other Debts (continued) The Shop for Poppagallo Clothing purchases -statement February 1966 Coventry,Limited Clothing purchases -statement 12/25/65 Shell Oil Company Qasoline -statement 1/10/66 Sylvia Guttman Reimbursement for.payment of the following: Jack Guttman Second semester College expenses and tuition,Tulane University 1965-66 West Penn Power Electric service Columbia Gas Gas service Authority of Borough of Charleroi Utilities Bell Telephone Company of Pennsylvania Telephone service Internal Revenue Service Household Employer's Social Security Tax The Seasons Miscellaneous expenses -statement 1/9/66 American Express Cards Payment for service rendered at Gallagher's Restaurant in Miami, Florida -statement 1/2/66 Russell Marino,Washington County Treasurer 1966 County Personal Property Tax -18 - 18 00 66 06 3 30 1,500 00 41 90 40 00 15 23 25 99 12 18 68 09 22 78 37 52 ESTATE OF JESSE B.GUTTMAN A/K/A . JESSE BERNARD GUTTMAN,DECEASED (continued)IOtherDebts 1 9 6 6 Aug.9 The Union National Bank of Pittsburgh Payment of decedent's 1/3 share of Demand Notes $20,500 x 1/3 6,833 34 11,000 x 1/3 3,666 66 Interest 1/1/66 to 1/14/66 24 51 I i Sept.7 Leo D.Guttman and Howard S.Guttman Repayment of advance for purchase of 100 shares Martin G.Towboat,Incorporated Common Stock 10,000 00 33,329 24 Charged Off As Worthless 1 9 6 6 Jul.13 Subscription Agreement dated 5/31/61 with Harvey L.Starr and C.William Berger for 1/175ths interest in Cambro-Ordovicion Drilling Adventure in Symes Township,Lawrence County Ohio-Drilling abandoned Inventory value 0 00 \ Other TaXes 1 9 6 6 Apr.14 Josephine M.Douglas,Agent Payment account Pennsylvania Transfer Inheritance Tax $500,000.00 at 2%10,000.00 Less 5%Discount 500.00 9,500 00 1 9 6 7 Apro14 Josephine M.Douglas,Agent Additional Payment Account Pennsylvania Transfer Inheritance Tax $590,000.00 at 2%11,800 00 Internal Revenue Service Payment of Federal Estate Tax 175,783 48 1 9 6 8 Oct.8 Internal Revenue Service Payment of Federal Estate Tax Deficiency 3,059 49 Interest from 4/14/67 to 7/27/68 236 00 200,378 97 307,226 21 -19 - ESTA TE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED SCHEDULE B INCOME PERSONALTY RECEIPTS Purchase of Assets 14,590.50 14,621.25 14,799.90 14,763.90 58,775.55 10/10/68 1/9/69 United States of America Treasury Bills 10/13/67 $15,000 dated 10/13/67 due 4/11/68 4/11/68 15,000 dated 4/11/68 due 10/10/68 15,000 dated 7/11/68 due 1/9/69 15,000 dated 10/10/68 due 4/10/69~-:----$60,000 Cash disbursed for purchase of the above assets 58,775.55 o OC Sale and Conversion of Assets Without Gain or Loss Proceeds maturities at various dates of $60,000 United States of America Treasury Bills dated and due at various dates 58,775.55 Purchased 10/13/67 -1/9/69 (See above)58,775.55 o 00 Dividends -Stocks Cities Service Company Common 4 shares 3/6/66 -6/14/68 17 70 E.I.duPont deNemours and Company Common 25 shares 3/16/66 =3/16/67 175 00 First National Bank of Charleroi, Pennsylvania Common 8 1/3 shares 8/4/66 8 shares 4/13/67 -6/30/69 68 33 General Aniline and Film Corporation Common 100 shares 5/20/66 -2/20/67 40 00 I -20 - I I ESTATE OF JESSE Bo GUTTMAN A/K/A JESSE BE RNARD GUTTMAN,DECEASED Dividends -Stocks (continued) General Electric Company Common 100 shares 4/25/66 -4/25/67 General Motors Corporation Gommon 87 shares 3/10/66 -3/14/67 325 00 469 80 ,. Jiffy Steak Company Common 408 shares 2/24/66 816 shares 5/16/66 832 shares 8/19/66 Standard Oil Company of Indiana Capital 200 shares 3/10/66 -3/10/67 Standard Oil Company -New Jersey Capital 5 shares 3/10/66 -6/10/68 Texaco,Incorporated Capital 574 shares 3/10/66 -3/13/67 Union Carbide Corporation Common 200 shares 3/2/66 -3/2/67 Westinghouse Electric Corporation Common 100 shares 3/1/66 -3/1/67 Interest -Bonds 28.56 28.56 29.12 86 24 435 00 42 25 1,808 10 500 00 180 00 4,147 42 United States of America Treasury Bills Accumulation on $70,000 to 7/21/66 10,000 to 8/8/66 10,000 to 8/24/66 1,000 to 9/15/66 49,000 to 10/20/66 49,000 to 1/19/67 49,000 to 4/20/67 51,000 to 11/9/67 15,000 to 4/11/68 62,000 to 5/9/68 15,000 to 10/10/68 62,000 to 11/7/68 21,000 to 12/24/68 15,000 to 1/9/69 15,000 to 4/10/69 41,000 to 5/8/69 17,000 to 7/7/69 ~21 - 825.30 20.28 39.93 6.05 618.87 671.79 584.08 987.87 378.75 1,391.40 409.50 1,785.60 93.50 200.10 236.10 1,163.99 151.43 9,564 54 I ..\~,. ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED !Interest on Promissory Notes of Various Companies Covered By Buy -Sell Agreement Gutbro Development Company $51,754092 Face Value Promissory Note dated 1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 365.73 Less Corporate Loan Tax 36.57 329.16 Balance due 3/2/66 -3/29/69 5,796.56 Less Corporate Loan Tax 579.66 5,216.90 5,546 06 Guttman Construction Company,Incorporated $1,187.33 Face Value Promissory Note dated 1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 8.39 Less Corporate Loan Tax 0.84 7.55 Balance due 3/2/66 -3/2/67 37.99 Less Corporate Loan Tax 3.80-- 34.19 I 41 74 Guttman Oil Company $247,002.56 Face Value Promissory Note dated 1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 438.15 Less Corporate Loan Tax 43.82 394.33 Balance due 3/2/66 -3/2/69 16,733.07 Less Corporate Loan Tax 1,673.32 15,059.75 15,454 08 -22 -. - 3,856.82 385.67 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTHAN,DECEASED Interest on Promissory Notes of Various Companies Covered By Buy -Sell Agreement (continued) Guttman Realty Company $225,666.16 Face Value Promissory Note dated 1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 676.04 Less Corporate Loan Tax 67.60 608.44 Balance due 3/2/66 -3/2/69 23,194.62 Less Corporate Loan Tax 2,319.47 20,875.15 Guttman Supply Company $60,658.59 Face Value Promissory Note dated 1/14/67.Interest Rate 4% Balance due 3/2/66 -3/2/69 Less Corporate Loan Tax Guttman Supply Company of Sharon, Incorporated $6,305086 Face Value Promissory Note dated 1/14/670 Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 44.56 Less Corporate Loan Tax 4.46 21,483 59 3,471 15 ,. Balance due 3/2/66 -3/2/67 201.79 Less Corporate Loan Tax 20.18 -23 - 40.10 181.61 221 71 ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Interest on Promissory Notes of Various Companies Covered By Buy -Sell Agreement (continued) -24 - ., •.,I ,-I :'" ESTATE OF JESSE B.GUTTMAN A/K/A ......--,JESSE BERNARD GUTTMAN,DECEASED Interest on Promissory Notes of Various I Companies Covered By Buy -Sell Agreement (continued) IMercerRealtyCompany $62,813.47 Face Value Promissory Note Idated1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 443.88 Less Corporate Loan Tax 44.39 ;399.49 Balance due 3/2/66 -3/2/69 7,035.11 Less Corporate Loan Tax 703.50 6,331.61 I I6,731 10 I Thrif-T Oil Company I $34,765.92 Face Value Promissory Note I dated 1/14/67.Interest Rate 4% 1st Installment of Sale Price 3/2/66 -1/14/67 245.68 Less Corporate Loan Tax 24.57 . 221.11 Balance due 3/2/66 -3/29/69 1,534.85 Less Corporate Loan Tax 153.49 1,381.36 1,602 47 Guttman Supply Company $14,950.00 Face Value Demand Note dated 3/2/67.Interest Rate 4% 3/2/67 -3/2/68 598.00 Less Corporate Loan Tax 59.80 I I 538 20 I -25 - .)I .~•,,•; ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED Interest on Promissory Notes of Various Companies Covered By Buy -Sell Agreement (continued). Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on the sale of 83 1/3 sharesMon River Barge Lines, Incorporated.3/4/67 -3/4/69 1,737.31 Less Corporate Loan Tax 173.73 1,563 58 Agreement dated 3/4/67 between Mon River Towing,Incorporated and The Estate of Jesse B.Guttman~Deceased representing payment on sale of 166 2/3 shares Mon River Towing,Incorporated 3/4/67 -3/4/69 11,660.16 Less Corporate Loan Tax 1,166.02 10,494 14 80,063 68\ 93,775 64 DIS BUR S E MEN T S Administrative Expenses 1 9 6 6 Aug.9 The Union National Bank of Pittsburgh Interest from 1/14/66 to 8/6/66 on payments of decedent's 1/3 share of Demand Notes 362 14 1 9 6 7 Apr.17 Internal Revenue Service 1966 Fiduciary Income Tax 807 31 I June 9 Russell Marino,Washington County Treasurer I 1967 County Personal Property Tax 37 87 -26 - , t ,.. ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED- Administrative Expenses (continued)I 1 9 6 8 May9 Interna1nevenue Service 1967 Fiduciary Income Tax 2,311 72 Jul.2 Malcolm L.Morgan,Washington County Treasurer 1968 County Personal Property Tax 1 9S 1 9 6 9 June 24 The Union National Bank of Pittsburgh Accountant's compensation 3,411 oE 6,932 09 To Principal -Personalty Account Reimbursement for additional Federal Estate Tax paid due to the use of Administrative Expenses as an Income Tax deduction $52,346.47 at 15.1%7,904 32 I 141836 41 \ I I .- -27 - Ij l ) ""•t:J'• ESTATE OF JESSE B.GUTTMAN A/K/A ' JESSE BERNARD GUTTMAN DECEASED'. EXHIBIT NO.1 Payments on account of Distributive Shares 1 ,I Principal -Personalty '1 Distributionsunder:- I I Paragraph Second of Will , Sylvia Ziskind Guttman I Delivered 10/17/68 1966 Cadillac Sedan 5,631.00 1965 Pontiac Convertible 2,175.00 7,806 00 Paragraph Third (A)of Will I Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittspurgh? Trustees Under the Will for Sylvia Z. Guttman (now Graditor)(Trust No.7050-A) $419,856.69 Marital Deduction Trust per Federal Estate Tax Return Cash 0/69 5?981 11 Miscellaneous \ -$115,533'.68 Face Value Promissory Note of Guttman Oil Company dated 1/14/67 representing payment in full for 100 shares Guttman Oil Company Capital Stock under Buy and 'Sell Agreement dated 1/27/65 115,533 .,68. $199,666.16 Face Value Promissory Note , of Guttman Realty Company d~ted 1/14/67 I representing payment in full for -- '250 shares Guttman Realty Company Capital Stock under Buy and Sell Agreement dated 1/27/65 199,666 16 $14,950.00 Face Value Note of Guttman Supply Company dated 3/2/67 13,950 00 $84,725.74 Face Value Promissory Note of Mercer County Oil Company dated 1/14/67 representin{pa~ent in full for 50 sharesMercerCouny011Company,Incorporated Capital Stock under BU~and SellAgreementdated1/27/6 84,725 74 419,856 69 427,662 69 -28 - 1 i I •1 If ), ESTATE OF JESSE B.GUTTMAN.A/K/A' JESSE BERNARD GUTTMAN,DECEASED EXHIBIT NO.1 (continued) Income -Personalty •II()1'-• 5,000.00 13,000.00 Distributions under:- Paragraph Third (A)of Will Leo D.Gu,ttman,Howard S.Guttman and The Union National Bank of Pittsburgh, Trustees Under the Will for Sylvia Z. Guttman (now Graditor)(Trust No.7050-A) Payments on account Interest on Bequest for period 1/14/66 to 4/1/69 8/3/67 12,800.00 3/11/68 12,800.00 4/1/69 14,907.35 Paragraph Fourth (A)of Will Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittsburgh, Trustees Under the Will for Sylvia Z. Guttman (now Graditor)(Trust No.7050-B) Payments on account Inqome 10/5/67 3/11/68 -29 ... 40,507 35 18,000 00 58,507 35 • J (It COMMONWEALTH OF PENNSYLVANIA COUNTY OF WASHINGTON • I ... SS: ~•".,III LEO D.GUTTMAN,HOWARD S.GUTTMAN and J.DONALD PATTON, Senior Vice President of THE UNION NATIONAL BANK OF PITTSBURGH, the above named Accountants being duly sworn according to law depose and say that Letters Testamentary were granted to LEO D.GUTTMAN,HOWARD S.GUTTMAN,and THE UNION NATIONAL BANK OF PITTSBURGH and advertised more than six months prior to the filing hereof;that the disbursements shown in the account have been made to the parties entitled thereto and that the account as stated is true and correct as they verily believe. Sworn and subscribed before me this /ZbV day of J4exr Notary Public ,1969. REQUEST FOR DISTRIBUTION Accountants request 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 PITTSBURGH BY z9~~ent Washington,Pennsylvania (PUBLISHED BY WASHINGTON COUNTY BAR ASSOCIATION) PROOF OF PUBLICATION ,In compliance with the Newspaper Advertising Act of May 16,1929,P.L. 178'i Sec.3,paragraphs (3)and (2S). COUNTY OF WASHINGTON)SS. STAr.'E OF PENNSYLVANIA I 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,publisbed weekly having its place of business at Washington,Washington County,Pennsylvania,and is act- ing as its agent in this behalf;that the said WASHINGTON COUNTY 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: .....F.~p.r.!J.~r.y J l.Q.•....l.l.!>1.9.6.6 . ...............................~...-............................................•....•..... 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 'M,,ffidoyi,"~pi",,"d 'h"?1!''h'cZ7"OO '",ru,.ulltJ ~,/..Jg~t/&cLLLEditor Sworn to and su,scribed before me this _~_~ )}~Vday of....¥.~!~~!Y.,196 9...--...I~e.~f::L- No'ry Public J{ATHE~INE C.YARD,~u;"y :"'Li~ Washington,Wad,!n]':Oil"Fa. My Commission l):;'i,'cs November 1,19J~ Estate Notices The Register 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 ~hem for settlement to the Executors or Admin- istrators or their Attorneys. • • ••••••• •• • • • • • • GUTTMAN,JESSE B.,a/k/a JESSEBERNARDGUTTMAN,Dec'd. Late of Charleroi (Speers Borough)Washington County Penna ' Executors:Leo D.Guttman,HowardS.Guttman.and Union National Bank of Pittsburgh,c/o Trust Department4thAve.at Wood St..Pittsburgh'Penna.15222 ' Attorneys:Buchanon,Ingersoll,Rod- ewald,Kyle,&Buerger,1800 OliverBldg.•Pittsburgh,Penna.15222 . W'tr@(ID~'@~~no~~icafc8oB1l o~R1aDftO~~Dim V~~y;)~~~~~D1IdepeDll~elnlt Under Act No.587,Approyed May 16,1929,P.L.1784, as amended by Act.No.51 of April 24,1931,P.L.67 <State of Pennsylvania County of Westmoreland }ss: Attorneys Pitt.sburgh,Pat J5222 .STATEMENT OF ADVERTISING COSTS: Buchanan,Ingersoll,Rodewald,Kyle-BUerger, 1800 Oliver Building For publishing the notice or advertisement attached hereto in The Total $_--'7-".~5.::..0_ TO MON VAllEY NEWSpAPERS,INC.,DR. Letters testamentary on th estate of Jesse B,Guttman aka Jesse Bernard Guttman, late of 234 Grandview Way, Charleroi,Pennsylvania,CHARLeS ,.1.NotorV:(pulj~'C'Pl,;)n~Mone$.)~n,..(:'v:,..(;f~.';:.1l0.""u.,Pa.Washington County,decease ,l,iY CUr:1I:-"S~IOi1 c.xplres having been granted by the My commission expires --------,4*c.~\nmi·..r+;J-,I:.,..,-+110H1+1----- Register of Washington County,notice is hereby given to all persons indebued to said estate to make· immediate payment,and to those having claims againsG the same,to uresent them without delay to Leo D. Guttman,Howard S.Guttman and The Union National BanI' of Pittsburgh,Post Office Valley Independent on above stated dates $__7.!..Jl..:.0~0~_ Box 837,Pittsburgh,Penn-r sylvania,15230,executors Notary ,$__5«.:0~_ Buchanan,Ingersoll,Rodew~ld, Kyle-Buerger,attorneys, 1800 Oliver Building, C4'1D~1 t::,,;;:S;' COpy of NOTICE Personally appeared before me William H.Pore,~~gr~¥~n~f Mon Valley Newspapers,Inc.,a Penn- sylvania corporation,publisher of The Valley Independent,who,being duly sworn,deposes and says that The Valley Independent is a daily newspaper of general circulation in Fayette,Washington and Westmoreland counties,Pennsylvania,and elsewhere,published in the City of Monessen,Westmoreland County,Pennsylvania,that it was established June.28,1902,since which date The Valley Independent has been regularly issued in said county,and that a copy of the printed notice or publication is attached hereto exactly as the same was printed and published in the regular editions and issues of The Valley Independent on the following dates,__.....F....e.f><b~rua.""""ry'-o1-~9'-','---"'1~9=6=6 _ February 16 and February_,-,,-23"-"L-::l:.;..96~6=------:.__ Affiant further deposes and says that he is General Manager of The Valley Independent,a dolly newspaper of general circulation,and as such is authorized to verify the foregoing statement under oath,and Affiant is not interested in the subject matter of the aforesaid notice or advertise- ment,and that all allegations in the foregoing statements as to time,place and character of publica- tion ore true.p 0'" PRINTED NOTICE not available.Publication verified from microfilm kept on file. PUBLISHER'S RECEIPT FOR ADVERTISING COSTS Mon Valley Newspapers,Inc.,publisher of The Valley Independent,a daily newspaper of general circulation,hereby acknowledges receipt of the afaresaid advertising and publication costs and certi- fies that the same have been duly paid. MON VAllEY NEWSPAPERS,INC. By ~rch 7,1966 PAID late of --------.._. .... ,Publi!lh 3 times in THE VALLEY INDEPENDENT testamentary .Letters of administration on the estate of irIlr~~•38-"8 ne.-.-rdOQtkml\ Cbar1e-rnl,Peonqbtani41,HMM.QQ 'County, deceased,having been granted by the Register ofHnnhSngtoA County,notice is hereby given to all persons indebted to said estate to make immediate payment,and to those having claims against the same te&r~:totlict:t4i~to~Cltttcan .ana ~J~*ftk of Pittsburgh PJ"8~.PetmBJlvarlla•15330 (address) Bltcbnnon.!D&euoll,ifodewJ.d)1719.Buarger,attorney l800 011VQ!'8oU.4hm.'1t~~t 1'6••1sm (address) ---------------~ ... .Publish 3 times in THE VALLEY INDEPENDENT testamentary Letters of administration on the estate of late of 'County, deceased, having been granted by the Register of Washington County,notice is hereby given to all persons indebted to said estate to make immediate payment,and to those having claims against the same tt~1f:tdmu::ga:Uh~s.Guttman and executor 8 .!r.'be Da:!.on.....1lftt.._018iJ&nk t>f Pittsburgh ,~"iF'f"i'iPostOn'ice""""BOx pjttslmrgb,pennsl1unia.15330 .(address) Buchanan,Ingersoll,Rodewald,lt11e"Buerger,attorney 1800 Oliver Building.Pittsburgh.Pa."lS222 (address) / r ' , ---,~'\t'" ,1 t . I I,( .,. .,. ".__• __ I IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA 171" ORPHANS'COURT DIVISION NO.849 OF 1969 ESTATE OF JESSEB.GUTTMAN A/K/A JESSE BERNARD GlITTMAN,DECEASED ADDITION L RECEIPTS AND DISBURSEMENTS~TO THE FIRST AND FINAL ACCOUNT OF LEO D.GUTTMAN, HOWARD S.GUTTMAN AND THE UNION NATIONAL BANK OF PITTSBURGH EXECUTORS / 1 ~'-'. September 2,1969 SUMMARY SCHEDULE A PRINCIPAL -PERSONALTY Receipts Page 4 1,147,360 68 , Disbursements Page 4 .307,696 52 BALANCE 839,664 16 SCHEDULE B INCOME -PERSONALTY Receipts Page 5 94,138 28 Disbursements Page 5 14,904 75 BALANCE 79,233 53 NET BALANCE 918,897 69 The Balance Consists of the Following: Principal -Personalty Stocks Envoy Towboat,Incorporated 50 shares Capital As shown in the First and Final Account 5,000 00 Explorer Towboat,Incorporated 50 shares Capital As shown in the First and Final Account 5,000 00 Express Towboat,Incorporated 50 shares Capital As shown in the First and Final Account 5,000 00 Schedule "B" ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED ,.".A Stocks (continued)I First National Bank of Charleroi,Pennsylvania I8sharesCommon As shown in the First and Final Account 1,216 00 Gutbro Barge Lines,Incorporated 50 shares Capital As shown in the First and Final Account 11,430 47 Martin G.Towboat,Incorporated 100 shares Capital As shown in the First and Final Account 10,000 00 Mon Valley Terminal,Incorporated ,10 shares.Capital As shown in the First and Final Account 50,437 13 Mon Valley Terminal,Incorporated 40 shares Preferred As shown in the First and Final Account 4,000 00 92,08'60 Miscellaneous Promissory Note of Gutbro Development Company dated 1/14/67 representing payment in full for 100 shares Gutbro Development Company Capital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance As shown in the First and Final Account 51,754 92 , Promissory Note of Guttman Supply Company dated 1/14/67 representing payment in full for 200 shares Guttman Supply Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance As shown in the First and Final Account 25,881 03 Promissory Note of Mercer Realty Company dated 1/14/67 representing paYment in full for 50 shares Mercer Realty Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance As shown in the First and Final Account 62,813 47 -2- ( ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN,DECEASED 17.8 .. Miscellaneous (continued) Promissory Note of Thrif-T Oil Company dated 1/14/67 representing payment in full for 5 shares Thrif-T Oil Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance ¥ As shown in the First and Final Account 6,614 99 Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated Unpaid balance As shown in the First and Final Account 19,303 50 Agreement dated 3/4/67 between Mon River Towing, Incorporated and The Estate of Jesse B.GUttman, Deceased representing paYment on sale of 166 2/3 shares Mon River Towing Company,Incorporated Unpaid balance -As shown in the First and Final Account 129,557 33 295,925 24 Distribution W(See Exhibit No.I,Page 28 of the First and Final Account and Receipts,Schedules "G"and "G-l")~~427,662 69 Cash on hand ~>~,.....-.......23,992 63.0>I <s ~. -_/. 839,664 16 Income -Personalty Distribution (See Exhibit No.I,Page 29 of the First and Final Account and Receipts,Schedules "G-2"and "G-g;;4 58,507 35f•f'i)If}·20,726 18Cashonhand 79,233 53 918,897 69 ~...~f..",c,'I/~ex/ 1 q ~'\'~ t,(()/:<~,l -3-'\t 1,"ft i ''7'11 & ESTATE OF JESSE B.GUTTMAN I A/K/A JESSE BERNARD GUTTMAN.DECEASED i SCHEDULE A PRINCIPAL -PERSONALTY RECEIPTS Receipts in accordance with the First and Final Account filed 1,147,36C 68 Conversion of Assets Without Gain or Loss I 196 9 Aug.7 Proceeds maturity -$24,000 United States of America Treasury Bills dated 2/6/69 due 8/7/69 23,637 36 As shown in the First and Final Account 23,637 36 , o 00 1,147,36C 68 DI SBURSEMENTS Disbursements in accordance with the First and Final Account filed 307,22E 21 Administrative Expense 196 9 July 25 Russell Marino,Register of Wills, Washington County,Pennsylvania 5~Cost of filing First and Final Account 00 Other Taxes . 1 969 Aug.11 Russell Marino,Agent Payment of balance Pennsylvania Transfer I Inheritance Tax $20,665.46 at 2%413 31 307,69E 52 -4- ------ ,.•.J ''''11 A ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN DECEASED, SCHEDULE B INCOME -PERSONALTY RECEIPTS Receipts in accordance with the First and Final Account filed 93,775 64 Interest.-Bond United States of America Treasury Bills Accumulation on $24,000 to 8/7/69 36~64 94,138 28 DIS BUR S E MEN T S Disbursements in accordance with the First and Final Account filed 14,83e 41 Administrative Expenses 19 6 9 , Aug.11 Russell Marino,Agent Interest 4/19/67 to 8/8/69 on Pennsylvania Transfer Inheritance Tax 57 46 The Union National Bank of Pittsburgh Accountant's compensation 10 88 6~34 14,904 75 -5- Estate of Jesse B.Guttman A/K/A Jesse Bernard Guttman,Deceased Balance for distribution,items held in kind Stocks Envoy Towboat,Incorporated 50 shares Capital Explorer Towboat,Incorporated 50 shares Capital Express Towboat,Incorporated 50 shares Capital First National Bank of Charleroi,Pennsylvania .8 shares Common Gutbro Barge Lines,Incorporated 50 shares Capital Martin G.Towboat,Incorporated 100 shares Capital Mon Valley Terminal,Incorporated 10 shares Capital Mon Valley Terminal,Incorporated 40 shares Preferred Miscellaneous Promissory Note of Gutbro Development Company dated 1/14/67 representing payment in full for 100 shares Gutbro Development Company Capital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance Promissory Note of Guttman Supply Company dated 1/14/67 representing payment in full for 200 shares Guttman Supply Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance Promissory Note of Mercer Realty Company dated 1/14/67 representing payment in full for 50 shares Mercer Realty Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance Promissory Note of Thrif-T Oil Company dated 1/14/67 representing payment in full for 5 shares Thrif-T Oil Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman, Deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated Unpaid balance Schedule "C" $5,000.00 5,000.00 5,000.00 1,216.00 11,430.47 10,000.00 50,437.13 4,000.00 $51,754.92 25,881.03 62,813.47 6,614.99 19,303.50 $92,083.60 .......,.,.., Agreement dated 3/4/67 between Man River Towing, Incorporated and The Estate of Jesse B. Guttman, Deceased representing payment on sale of 166 2/3 shares Man River Towing Company, Incorporated Unpaid balance 129.557.33 295.925.24 $388,008.84 Estate of Jesse B.Guttman A/K/A Jesse Bernard Guttman,Deceased Principal-Personalty Sylvia Ziskind Guttman (now Graditor) 1966 Cadillac Sedan 1965 Pontiac Convertible Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittsburgh, Trustees under Paragraph Third of the Will, Trust for Sylvia Ziskind Guttman (now Graditor)Marital Deduction Trust per Federal Estate Tax Return Cash Miscellaneous $115,533.68 Face Value Promissory Note of Guttman Oil Company dated 1/14/67 representing payment in full for 100 shares Guttman Oil Company Capital Stock under Buy and Sell Agreement dated 1/27/65 $199,666.16 Face Value Promissory Note of Guttman Realty Company dated 1/14/67 representing payment in full for 250 shares Guttman Realty Company Capital Stock under Buy and Sell Agreement dated 1/27/65 $14,950.00 Face Value Note of Guttman Supply Company dated 3/2/67 $84,725.74 Face Value Promissory Note of Mercer County Oil Company dated 1/14/67 representing payment in full for 50 shares Mercer County Oil Company,Incorporated Capital Stock under Buy and Sell Agreement dated 1/27/65 Income-Personalty Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittsburgh,Trustees under Paragraph Third of the Will,Trust for Sylvia Ziskind Guttman (now Graditor) Cash Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittsburgh,Trustees under Paragraph Fourth of the Will,Trust for Sylvia Ziskind Guttman (now Graditor) Cash Schedule "D" $5,63LOO 2,175.00 5,98Lll 115,533.68 199,666.16 13,950.00 84,725.74 $40,507.35 18,000.00 $7,806.00 419,856.69 $427,662.69 $58,507.35 Estate of Jesse B.Guttman A/K/A Jesse Bernard Guttman, Deceased Balance for Distribution Principal-Personalty Stocks Envoy Towboat,Incorporated 50 shares Capital Explorer Towboat,Incorporated 50 shares Capital Express Towboat,Incorporated 50 shares Capital First National Bank of Charleroi,Pennsylvania 8 shares Common Gutbro Barge Lines,Incorporated 50 shares Capital Martin G.Towboat,Incorporated 100 shares Capital Mon Valley Terminal,Incorporated 10 shares Capital Mon Valley Terminal,Incorporated 40 shares Preferred Miscellaneous $5,000.00 5,000.00 5,000.00 1,216.00 11,430.47 10,000.00 50,437.13 4,000.00 Promissory Note of Gutbro Development Company dated 1/14/67 representing payment in full for 100 shares Gutbro Development Company Ca~ital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance 51,754.92 Promissory Note of Guttman Supply Company dated 1/14/67 representing payment in full for 200 shares Guttman Supply Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance 25,881!03 Promissory Note of Mercer Realty Company dated 1/14/67 representing payment in full for 50 shares Mercer Realty Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance 62,813.47 Promissory Note of Thrif-T Oil Company dated 1/14/67 representing payment in full for 5 shares Thrif-T Oil Company Capital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance 6,614.99 Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated Unpaid balance 19,303.50 Agreement dated 3/4/67 between Mon River Towing, Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 166 2/3 shares Mon River Towing Company, Incorporated Unpaid balance 129,557.33 Schedule "E" "----------------------~~ I.•••_ Cash Income-Personaltx Cash Leo D.Guttman,Howard S.Guttman and The Union National Bank of Pittsburgh,Trustees under Paragraph Fourth of the Will,Trust for Sylvia Ziskind Guttman (now Graditor) Principal-Personaltx Stocks Envoy Towboat,Incorporated 50 shares Capital Explorer Towboat,Incorporated 50 shares Capital Express Towboat,Incorporated 50 shares Capital First National Bank of Charleroi,Pennsylvania 8 shares Common Gutbro Barge Lines,Incorporated 50 shares Capital Martin G.Towboat,Incorporated 100 shares Capital Mon Valley Terminal,Incorporated 10 shares Capital Mon Valley Terminal,Incorporated 40 shares Preferred Miscellaneous Promissory Note of Gutbro Development Company dated 1/14/67 representing payment in full for 100 shares Gutbro Development Company Ca~ital Stock under Buy-Sell Agreement dated 1/27/65 -Unpaid balance Promissory Note of Guttman Supply Company dated 1/14/67 representing payment in full for 200 shares Guttman Supply Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance Promissory Note of Mercer Realty Company dated 1/14/67 representing payment in full for 50 shares Mercer Realty Company Ca~ital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance 23.992.63 $5,000.00 5,000.00 5,000.00 11,430.47 10,000.00 50,437.13 4,000.00 51,754.92 25,881.03 62,813.47 $412,001.47 20.726.18 $432,727.65 Promissory Note of Thrif-T Oil Company dated 1/14/67 representing payment in full for 5 shares Thrif-T Oil Company Capital Stock under Buy -Sell Agreement dated 1/27/65 -Unpaid balance 6,614.99 Agreement dated 3/4/67 between Mon River Barge Lines,Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated Unpaid balance 19,303.50 Agreement dated 3/4/67 between Mon River Towing, Incorporated and The Estate of Jesse B. Guttman,Deceased representing payment on sale of 166 2/3 shares Mon River Towing Company, Incorporated Unpaid balance 129,557.33 Cash 23.992.63 Income-Personalty Cash Note The Trustees are authorized to take in kind securities or other property as indicated in Paragraph Sixth,subparagraph 1 of the Will. $412,001.47 20.726.18 $432,727.65 ·& ,I QIoltntu... ..-....'In the matter or the Audit of Accollnt in ,NO.~,-.'~~~_~~-.I,19h",A.A. -TO THE AUDITING JUDGE: N.B.-";'Counsel shall.by separate p:lper.present a concise statement or each claim,with supportin~calculation of an>'interest claimed.Objections to an account as filed.shall b~concisely stated in a separate paper. Council suggesting proper distribution shall tile a separate concise state- ment in that regard. r 1t.!l!aI1llIII ..IIIIl__IIIIliI IE:iiI_IlIEZ'iilIL'lIf'lO:.....IIIII__IIIIlII ......IlL~_ j IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNA ORPHANS I COURT DIVISION and The Union National Bank of Pittsburgh and the attorney is JESSE B.GUTTMAN,a/k/a No.849 of 1969 ) ) ) ) ) ) ) ) ) Number 849 of 1969,the estate of Jesse B.Guttmcn, Friday,September 12,1969,at 10:00 o'clock A.M.,EDST. WILLIAMJ.KYLE,JR.,ESQ.,of Pittsburgh,Pa., repres enting the Accountants. THE HONORABLE P.VINCENT MARINO, Presi.dent Judge of the said Court. HEARING ON AUDIT The Executors are Leo D.Guttman,Howard S.Guttmandeceased. ESTATE OF IN RE: ~~JESSE BERNARD GUTTMAN, .J>-III~Deceased. III Do iol-e>z :x:III ;BEFORE: uill:IIIl-ll:o0.. ~THE COURT: l-ll: :Jo(J .J0( (J i&:...o .:uitIii~APPEARANCES: ~~o:J.., :t.. :;TIME: I- -. I ,-4I,., William J.Kyle,Jr.Mr.Rowland? REX ROWLAND,ESQ.:Mr.Kyle,Your Honor,is listed in the audit list.He's one of my partners.I filed my appearance and the firm's appearance. THE COURT:You.are Mr.Rowland? MR.ROWLAND:Yes.If the Cou.rt pleas e,I submit the Pe tition for ..~ /..... Audit in the estate of Jesse B.Guttman,also known as Jesse Bernar Guttman.All the necessary papers are attached or have been filed. There are no outstanding claims.The Register advised us this 2 morning that a copy of the letter for the closing of the estate taxes can't be located,so we have agreed to send him another corY of the letter ~THE COURT:But there was a letter with respect to same? 0(~~MR.ROWLAND:Yes,sir. zz1&1 ll..THE COUR T:And you are not asking then for any reaward for zoI-~purposes of estate taxes? :tIII0(~MR.ROWLAND:No,sir.It's just a matter of getting another copy $124.79.Has that been made known toyou? .by the Personal Property Tax Department in Washington County of of the letter. t-=u it I-III a oJ THE COURT:~uo :J-, :tl-I'-N I note,Mr.Rowland,that we have a claim here iiia:5 MR.ROWLAND:This is the first we knew\.of it,Your Honor. o0..1&1 Il:MR.PATTON:We'll work it out. l-ll::Jou THE COURT:All right,Mr.Patton.Is there anyone else in oJ0( uii:Court at this time interested in this decedent's estate? II.o (NO RESPONSE) THE COURT: the Court. The audit of this account will be ordered clos ed by (AUDIT CLOSED) ,.• .I hereby certify that the proceedings and evidence are contain .-., The foregoing record of the pro,ceedings uIJ!?11 the hearing of th ...'~,. '\,-, and tha t this copy is a correct transcript 9f theaame • ~zc>..J~fully and accurately in the notes taken by me on the hearing of the abovezz~CL.cause.~~l,9zX1Il~ •(. ......~ ,iii ihe~o'Uptl ' '";\;,It P.J.I r' io ! oj above cause is hereby approved and directed to b~flled;:~oCLIII'a: 'It:>oo .ICoii:...o• --.----1 ----------------------------..,..........-~--- .- I ~u~tilt (ttumt uf (ttummuu JUras uf lJasqingtnu (ttunut!}. .' Jruusylunuiu.OOrp4uus·(ttumt Bittislnu ESTATE OF No,8J:t;9 of 1969 .Tesse B.Guttman n/k/a In the matter of the First and Finnl •Tesse Bernard Guttman,Account af Leo De Guttman,Howard S • deceased.Guttman snd the of Pittsburgh, ADJUDICATION AND DECREE Union National Bank Executors. And now Oc tober .',19 69 ,this matter came on for hearing, audit and distribution at this session and testimony aken;and thereupon,upon due consideration thereof the balance for distribution in the hands of the Accountant is determined to be $d18 897 69 and the account is accordingly confirmed;and it is ordered, adjudge ancJ decr:ed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof;·uhless exceptions hereto be filed sec.reg.or an appeal be taken herefram sec.leg.a . SCHEDULE OF DISTRIBUTION $918,891.69 $919,073·10 $919,4360 34 $910,516.38 Additional credit asked at audit Balance:1 Sylvia Ziskind Guttman (now Graditor),bequest under Paragraph Second of the Will,of 1966 Cadillac Sedan nnd a 1965 Pontiac Convertabl , held in kind and distributed as such at the appraised value,credit to be taken by the accountant for items advanced prior to dis- tribution by the Court Leo D.Guttman,Howard S.Guttman and the Union National Bank of Pittsburgh,Trustees under the Will for Sylvia Z.Guttman (now Graditor),1 Marital Deduction Trust per Federal Estate T x return,including the following assets,held in kind and'distribute'd as such at the appraise value (value as shown),credit to be taken b the accountants for funds and items advanced prior to distribution by the Court:- Deduct Clerk's Costs &Receipts 1 Balance per account _ Additional debit asked at audit Attomey__....;:R:..:.;e~x~R~o~w::.:l=.:an=d=__1 Washington County,Division of Personal Propert Tax,per amended praecipe filed, Cash $2~335.9~ Face Value Promissory Note of Guttman O~lCompany dated 1-1~-61 representing payment i:r;t,full for too shares Guttm~p Oil'Com pany Capital Stock Under Buy and Sell Agreemen dated 1-27-65 $115533.68 Face Value Promissory Note of Guttmnn Realty Company dated 1-14-61 represent ng full payment for 250 shares Guttman Roalty Com pany Capital Stock under Buy and Sell Agreemen dated 1-21-65 $~99666.16 "'-...~~ 0 ~~ .....«:l z t:Y n ,~pat:r ""*. c (I) ~c.!lj a 3 0.....a Q ........rI ~~ ... t ...0 6· .... ~ ...::: ::r ..\.\ (I) ~:::t:Y ~+-\+-to~ • ~ .'. $1~,950000 Face Value Note of Guttman Supply Company dated 3-2-67 13950.00 Face Value Promissory Note of Mercer Oil Compnny dated 1-1~-67 representing paYment in full for 50 shares Mercer County Oil Compan dated 1-1~-67 representing payment in full for 50 shares Mercer County Oil Company,Incorpora ed Capital Stock under Buy and Sell Agreement dat d 1-27-65 84725.7~ Income distributions under Paragraph Third (A)of the Will for period 1-1~·66 to ~-l-69 ~0507.35 ~~~ $~3l,79705lLeoD.Guttman,Howard S.Guttman and Tho Union National Bank of Pittsburgh,Trustees under th :Will-for-Sylvia Z.Guttman (now Graditor)as s out in Paragraph Fourth residue,including the following assets held in kind and distributed such at the appraised value (value as shown), credit to be taken by the accountants for fund and items advanced prior to distribution by th Court: 50'shares capita,l stock of Envoy Towboat, Incorporated valued rat '$5000.00 50 shares capital stock of EXployer Towboat,Incorporated valued at 5000.00 50'shares capital stock of Express, Towboat,Incorporated valued at 5000.00 8 shares common stock of First National Bank of Charleroi,Pennsylvania 1216.00 50 shares cnpital stock Gutbro Barge Lines Inci>rporated'.ll~30o~7 100 shares capital of Martin G. Towboat,Incorporated at 10000.00 10 snares capital stock of Mon Valley Terminal,Incorporated at 50~37.l3 ~O shares Preferred stock of Mon Valley Terminal,Incorporated valued at ~OOOoOO Promissory Note of Gutbro Deve10pement Company dated 1-1~-67 representing pay- ment in full for 100 shares Gutbro De- velopement Company capital stock under bJ:1y-sell a,greement dated 1-27-65 -un- paid balance:,51754092 Promissory Note of Guttman Supply Company dated 1-1~-67 representing payment in full for 200 shares Guttman Supply Company capital stock underbuy- sell agreement dated 1-27-65 unpaid balance carried at 25881.03 Promissory Note of Mercer Realty Com-' pany dated 1-l~-67 representing payment in full for 50 shares Mercer Realty Company capital,stock under buy-sell agreement dated'1-27-65 unpaid balance 628l3.~7 Promissory Note of Thrif-T Oil Company dated 1-14-67 representing payment in full for 5 shares Thrif-T Oil Company capital stock under buy-sell agree- ment dated 1-27-65 -unpaid balance 6614.99 Agreement dated 3-~-67 between Mon Barge Lines,Incorporated and the estate of Jesse B.Guttman,deceased representing payment on sale of 83 1/3 shares Mon River Barge Lines,Incorporated,unpaid balance,19303.50 -- .. ..-".... l o.» .~-z ~n ::l n ...,.9 .~ 0 ::rcCD i i a 3 0 0 0--~....~~ ., 0 0 ~-...,.::r := CD N ~~ ~~:i~~ •• ... ~.. Agreement dated 3-4-61 between Mon River Towing, Incorporated and the Estate of Jesse B.Guttman, deceased representing payment on sale of 166 2/3 shares Mon River Towing Company,Incorporated unpaid balance $129557.33 Principal cash 5062.49 Income cash accrued,credit to be taken by the accountants for funds advanced prior to distribution by the Court,38126.18 ~~~~ No balanco i ~ 0 ~ .....~W :J Z t:Y n ....!' 3~ 0'0 :T i it c (l)a 3 0 0 0 ;:::...........~(l) ~ ., t 0......... == :T N (l) ~~ ~ !J a,n oU')<::;:-JQ.. ::i en _..J •a::-;d ~ :s::~~ ~ "'J:~ e::::t .....II 'i 410 ""o:C 0 (') O"'l _J,t~l- lJJ ("o".J _.~.w'" !J../t-Z -..J ...-lfI(/')- c..:,.)(.I)-:;:; c::;).~.,UJ i.J) ..........0;:W ...1; en ~-u....~ ~ ... ~~---,, INVENTORY w-:__.. of all real and personal estate of JESSE B.GUTTMAN a/k/a JESSE BERNARD GUTTMAN, Deceased,late of 234 Grandview Way,Charleroi,Washington County,Pennsylvania. PERSONAL ESTATE SCHEDULE Travelers Insurance Company Reimbursement for Medical Expenses Mon River Towing,Incorporated Salary for January 1966 Guttman Supply Company Advance Receivable The Mandis Company Advance Receivable Stocks 25 shares E.I.duPont deNemours and Company Common @ 240 1/4 50 shares Envoy Towboat,Incorporated Capital @ 100 50 shares Explorer Towboat,Incorporated Capital @ 100 50 shares Express Towboat,Incorporated Capital @ 100 100 shares General Aniline and Film Corporation Common @ 30 1/16 Dividend ex-date 1/14/66 100 shares General Electric Company Common @ 117 3/16 Dividend of record 12/10/65 87 shares General Motors Corporation Common @ 103 1/8 50 shares Gutbro Barge Lines,Incorporated Capital @ 228.6094 408 shares Jiffy Steak Company Common @ 22 9/16 Exhibit "F" 723.24 4,764.00 14,950.00 234.90 6,006.25 5,000.00 5,000.00 5,000.00 3,006.25 10.00 11,718.75 65.00 8,971.88 11,430.47 9,205.50 ,T. (Stocks Continued) 10 shares Lincoln Bank &Trust Company Jefferson Borough,Pennsylvania Capital @ 37 1/2 10 shares Mon Valley Terminal,Incorporated Capital @ 5043.713 40 shares Mon Valley Terminal,Incorporated Preferred @ 100 100 shares Martin G.Towboat,Incorporated Capital @ 100 200 shares Standard Oil Company of Indiana Capital @ 44 7/8 5 shares Standard Oil Company -New Jersey Capital @ 82 7/8 574 shares Texaco,Incorporated Capital @ 79 15/16 200 shares Union Carbide Corporation Common @ 69 1/16 100 shares Westinghouse Electric Corporation Common @ 63 7/16 a!' 375.00 50,437.13• 4,000.00 10,000.00 8,975.00 414.38 45,884.12 13,812.50 6,343.75 The following securities were covered by a Buy-Sell Agreement, dated January 27,1965,between and among each of the re~pective companies,Howard S.Quttman,Leo D.Guttman and Jesse B.Guttman. On 3/2/66 each of the companies elected to exercise their option under said Agreement to purchase their respective shares of stock owned by the Estate of Jesse B.Guttman.In accordance with the terms of the Agreement,two independent valuations of the companies were prepared by Epstein,Tabor and Schorr,C.P.A.'s, and The Union National Bank of Pittsburgh as of January 14,1966, the date of this decedent's death,and the sale price was based upon these valuations as mutually agreed upon by said two appraisers. 100 shares Gutbro Development Company Capital @ 517.5492 10 shares Guttman Construction Company,Incorporated Capital @ 118.733 100 shares Guttman Oil Company Capital @ 2,470.0256 250 shares Guttman Realty Company Capital @ 902.66464 200 shares Guttman Supply Company Capital @ 303.29295 51,754.92 1,187.33 247,002.56 225,666.16 60,658.59 ·,,-' Stocks (Continued) 10 shares Guttman Supply Company of Pittsburgh Capital @ No Value 0.00 2 shares Guttman Supply Company of Sharon,Pennsylvania, Incorporated Capital @ 3,152.93 6,305.86 10 shares Guttman Supply Company of Washington Pennsylvania,Incorporated Capital @ 2,133.914 21,339.14 5 shares Mandis Company Capital @ 184.658 923.29 50 shares Mercer County Oil Company,Incorporated Capital @ 3,703.8924 185,194.62 50 shares Mercer Realty Company Capital @ 1,256.2694 62,813.47 5 shares Thrif~T Oil Company Capital @ 6,953.184 34,765.92 Miscellaneous 1966 Cadillac Sedan 1965 Pontiac Convertible The Plungers Stock Club Hi-Fi Investment Club: 5,631.00 2,175.00 3,653.08 1,073.14 Subscription Agreement dated 5/31/61 with Harvey L.Starr and C.William Berger for 1/175ths interest in Cambro-Ordovicion Drilling Adventure in Symes Township,Lawrence County,Ohio -Drilling abandoned No Value 1,494.07 501.23 192.12 4,493.35 11.15 4,482.20 Less costs incurred in transferring above securities Decedent's 1/3rd share Decedent has a 1/3rd interest in the estate of Jacob Guttman,Deceased,his father which consists of the following 25 shares First National Bank of Charleroi,Penna. Common @ 152 3,800.00 12 3/10 shares Cities Service Company Common @ 40 3/4 Accumulated dividends held by Cities Service Company from the time of Jacob Guttman's death in 1954 $1,137,966.27 .,. None None ..•1 .-.,. REAL ESTATE SCHEDULE REAL ESTATE IN PENNSYLVANIA MEMORANDUM OF REAL ESTATE OUTSIDE THE COMMONWEALTH OF PENNSYLVANIA •J $0.00 $0.00 .... ..' '~ COMMONWEALTH OF PENNSYLVANIA COUNTY OF ALLEGHENY SS: ...,". Personally before me,the undersigned authority,a notary public in and for said County and State,appeared LEO D.GUTTMAN,HOWARD S.GUTTMAN and Jo DONALD PATTON, Senior Vice President of THE UNION NATIONAL BANK OF PITTSBURGH,who being duly sworn according to law depose and say that they are the Executors of the estate of JESSE B. GUTTMAN a/k/a JESSE BERNARD GUTTMAN,Deceased,that the foregoing schedules constitute a complete inventory and appraisement of the real and personal estate of JESSE B.GUTTMAN a/k/a JESSE BERNARD GUTTMAN,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. this Sworn and subscribed before me 28th d November 1 6ayof~_,9 70 Eleanor G.Braun Pittsburgh,Alleghe~~t~dhnt~blic MY commission expires January 7,1971 LEO D.GUTTMAN HOWARD S.GUTTMAN .THE UNION NATIONAL BANK OF PITTSBURGH BY J.DONALD PATTON Senior Vice President IH,BBE1YY:CE1\mV lU.TrTfJJ:ff."S;~fH'NG ISA Tb'U'I'l'U~'D'",.,.......,".'1"'....:"e AU.:,tel>!''"."E,\,0",I ,.,HlillD . .....iri'~~:~if'i;'~ii',\ccoiiN1~\Nf..-.-..... I,JESSE BERNARD GUTTMAN,of the City of Charleroi, Washington County,Pennsylvania,being of sound and disposing minn and memory,no hereby make,publish and declare this as and for my Last Will ann Testament,revoking any and all wills by me at any time heretofore made. FIRST:I direct the payment out of my estate of the expenses of my illness ann funeral as soon as conveniently maybe done after my decease. SECOND:I give and bequeath all the clothing,jewelry, furniture,automobiles and other articles of personal or house- hold use,equipment and ornament which I may own at my death to my wife,SYLVIA 7,ISKIND GUTTMAN,absolutely.In the event,however, that she is not livi~at my death,the same shall be divided equally among my then living children in such manner as my Executor hereinafter named may decide. THIRD:A.If my wife,SYLVIA ZISKIND GUTTMAN,shall survive me,I give,devise and bequeath to my Trustee hereinafter named a legacy in an amount equal to the maximum marital deduction allowable in determining the Federal Estate Tax payable by reason of my death,diminished by the value of all other property and interests in property which shall be included in my gross estate for Federal Estate Tax purposes and which qualify for said marital deduction and which pass or have passed from me to my wife,either under any other provision of this my Will or in any other manner outside of this Will.The wortis,"pass'!and "have passed"wherever used in this Article shall have the same meaning as said words shall have under the provisions of the Federal Internal Revenue Cooe applicable to my estate.My Trustee shall hold such legacy -1- Exhibit "A" J i .. as a separate trust for the sole benefit of my said wife and shall pay all the income therefrom received from and after the date of my death to her in annual or more frequent installments as long as she shall live.In addition,the Trustee may at its sole discre- tion as to times,manner and amounts,expend principal from the trust for the comfort,maintenance,health and well-being of my wife,and I request that my Trustee give a broad interpretation to this provision regarding the expenditure of principal,to the end that my wife may enjoy,insofar as possible,the standard of living to which she was accustomed at the time of my death. 'B.My vife,SYLVIA 'lISKIND GUTTMAN,shall have the unrestricted right to make testamentary disposition of the balance of the trust estate in such manner as she may direct,and the Trustee shall 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 in and by her Last Will and Testament,if said Will specifically refers to the power herein given her.In default of a valid testamentary disposition on her part,the funds constituting Trust-A at my death shall be added to and pass as a part of my residuary estate. C.My wife,may disclaim or renounce either in whole or'in part the legacy given and bequeathed to my Trustee by this Article,in which event so much of the legacy as may be so dis- claimed or renounced shall be disposed of as part of my residuary estate.Any such disclaimer or renUnciation shall be made by written instrument executed by my wife and delivered to my Executor and Trustee within fourteen (14)months after my death and filed in the court in which this Will shall be admitted to probate. FOURTH:.All the rest,residue and remainder of my estate,real,personal and mixed,of whatever nature and wherever -2- situate,which I may own or to which I may be entitled at the time of my death,I give,devise and bequeath to THE UNION NATIOfllAL JaG Leo D.Guttman and Howard S.Guttman BANK OF PITTSBURGH,and its successors,IN TRUST,NEVERTHELESS, for the uses and purposes as hereinafter set forth. A.The Trustee shall pay the net income from my residuary estate to my wife,SYLVIA ZISKIND GUTTMAN,for and during her lifetime in annual or more frequent installments as long as she shall live.In addition,if the principal of the trust created under Paragraph THIRD hereof is exhausted,the Trustee,at its sole discretion as to times,manner and amounts,may expend princi- pal from this trust for the comfort,maintenance,health anrt we11- being of my said wife. B.Upon the death of my said wife or in the event she predeceases me,then at my death,the Trustee shall divide my residuary estate,after the payment of all taxes levied upon or with respect to my estate,and after deductions of all other proper expenses and charges in connection with my estate,into as many equal shares as there are children of mine living at the death of the survivor of myself and my wife,and children of ours then deceased but leaving issue surviving at that time. 1.One (1)such share shall immediately vest in and be distributed to each of my children as above who has reached the age of twenty-eight (28)years at the time for the above divi- sion,a.bso1utely and free of trust.Similarly two-thirds (2/3) of one (1)such share shall be distributed to each such child of mine who has reached the age of twenty-five (25)years,and one- third (1/3)of a share to each such child who has reached the age of twenty-three (23)years.The balance of the share of any child of m.ne between the ages of twenty-three (23)and twenty-eight (2S)at the time for the above division shall be held,administered and distributed as set forth in Sub-paragraph 2 following. -3- '.• 2.One (1)of such equal shares shall be held for the use and benefit of each of my children as above who is under the age of twenty-three (23)at the time for the division into shares as aforesaid,and during the minority of any such child,the Trustee shall disburse as much of the net income and principal from such child's share as it deems necessary for his or her education, maintenance and support,and any such payments may be made to the person having the custody of the person of such child at that time or the Trustee may expend the necessary amounts directly for such purposes.Any net income not expended in this manner shall be accumulated during the minority of the child and reinvested from time to time in the manner hereinafter set forth.As each such child reaches the age of twenty-one (21)years and in the case of any child who is over twenty-one (21)but un~er twenty-three (23) at the time for the above division,the Trustee shall remit the net income from such child's share directly to such child,and such payments shall continue until such child receives final distribution of his or her share or dies,whichever occurs first.As each such child reaches age twenty-three (23),his or her share shall termi- nate as to a one-third (1/3)part thereof,which shall be transferred and delivered to such child absolutely.Similarly,one-half (1/2) of the balance of such share shall be distributed at age twenty- five (25)and the balance at age twenty-eight (28). 3.One (1)of such equal shares shall immediately vest in and be distributed to the then living issue,per stirpes, of each neceased child of mine,such distribution to be absolute and free of trust,subject however,to the minority provisions hereinafter set forth. 4.In the event that any such child of mine shall die prior to receivin~his or her share of the principal of the trust estate leavi~issue surviving,such child's share shall be distributed equally among such issue per stirpes subject,however, to the minority provisions hereinafter set forth.In the absence -4- of any such issue,it shall be added to the shares of and divided equally amon~our surviving children or their issue per stirpes in the manner hereinabove provided.If all our children die without issue before receiving distribution of their shares hereunder,the trust estate shall be distributed among my heirs-at-Iav accordinp, to the Intestate Laws of the Commonwealth of Pennsylvania then in effect. C.In the event that any issue of my children become beneficiaries hereunder,their share of income or principal durin~ minority may be used by the Trustee at its discretion for their maintenance,education and support.Distribution of each such minor's share shall be made upon his or her attaining the a~e of twenty-one (21)years. D.Insofar as the same may be possible,and subject to the complete discretion of my Executor,hereinafter named.it Mercer County Oil Co.Inc. is my wish that any an~all shares of the Guttman Oil Company,JBG Guttman Realty Company and Guttman Supoly Company common stock be kept as a part of my residuary estate. FIFTH:Neither the principal of the trust estates created under this my Will,nor the income therefrom shall be liable or subject to the contracts.debts or liabilities of any beneficiary: nor shall such principal or income be liable to attachment by garnishment proceedings or other legal process~nor shall any assignment of the principal or income given by any bene~iciary be valid.Rather,the principal 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 whatsoever. SIXTH:I nominate and appoint THE TJNIO~NATIONAL BAm{ JaG Leo D.Guttman and Howard S.Guttman OF PITTSBURGH and its successors to be the Trustees of all the trust estates created under this my Will.Said Trustee shall have the following powers in addition to those conferred upon trustees generally by law: -5- 1.To take in kind,hold,invest and reinvest the trust estate in such stocks,bonds,mortgages,securities or other property,real or personal,as it may believe advisable without being limited to the classes of securities or investments in which trustees are authorized by law to invest trust funds. 2.To sell,exchanp,e,lease,encumber,option or otherwise dispose of all or any portion of the trust estate in such manner and upon such terms and con~itions as it shall believe advisable and to make,execute and neliver deeds,mortgages,leases, assignments and other nocuments necessary to effect any or these powers. 3.To hold investments in the name of a nominee. 4.To make distribution in kind. 5.In addition to the above,the Trustee is authorized and empowered to do and perform every act,matter or thing it may deem necessa.ry or proper to be done in connection with the invest- ment,management,conservation,protection and advancement of the trust estates created under this my Will,and genera.lly to exercise in respect of all stocks,bonds,cash,real estate and other invest- ments held by it hereunder,all rights,powers and privileges as are or may be lawfully exercised by any person owning similar property in his own right. SEVENTH:I direct my Executor to payout of the principal of my residuary estate,passin~un~er Paragraph FOURTH hereof.,all estate,inheritance and succession taxes,both State and Federal, imposed upon or with respect to my estate or any property in which I may have an interest,including those attributable to prooerty not forming part of m:v residuary estate,at ;such time ant'!in such manner as my Executor in its sale discretion shall determine.and no part thereof shall be collected from or ororated among any legatee, distributee,life tenant,remainderman or other beneficiary hereunder, it being my particular intention that the bequest to my wife,SYLVIA 7,ISKIND GUTTMAN,under Paragraph THIRD hereof shalel be free of tax. -6- ...,. ..,. EIGHTH:I constitute and appoint THE UNION NATIONAL BA~ JBG and Leo D.Guttman and Howard Guttman OF PITTSBURGH,and its successors,to be the Executor f)f this my Will and the estate created hereunder.I give to my Executor full power to adequately and efficiently settle and administer my estate anrJ without limiting this brlJad general power,I give it the specific ri~ht without first obtaininE5 an Order of·Court.to retain any an'l all securities or other pro1')erty that I may own at the time of my death without any duty of cflnversion.to borrow money for the needs of the estate at.such rate or rates of interest as it alone may determine,to compromise and settle any and all claims in favor of or against my estate and to divide and distribute my estate partially or ent.irely in kind. IN WITNESS WHEREOF,I,JESSE BERNARD GUTTMAN,have hereunto set my hand and seal this l~tb day of August •1955 JBG Jesse B.Guttman _Jl,J.aeswosliil.le"'-llB~eiAr....n.aa.r..rl"--lGld.!u6.1t4lltm_a.....n (SEAL) Signed,sealed,published and declared by the above named Testator,JESSE BERNARD GUTTMAN,as and for 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 thereto. J.Donald Vatton Address Red Stone Prlye Wasbineton,Va, -7- H."D.Tabor Address 7Q~S,Linden Aye. rs.10/11/68 IN THE ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA J IN RE .ESTATE .OF JESSE B.GUTTMAN a/k/a JESSE BERNARD GUTrMAN, DECEASED •·····: •• RECEIPT I,SYLVIA ZISKIND GUTTMAN,do hereby acknowledge to have received from LEO D.GUTTMAN,HOWARD S.GUTTMAN,and THE UNION NATIONAL BANK OF PITTSBURGH,Executors of the above estate,the following in accordance with Paragraph Second of the Last Will and Testament of Jesse B.Guttman a/k/a Jesse Bernard Guttman,Deceased: 1966 Cadillac Sedan 1965 Pontiac Convertible $5,631.00 2,175.00 $7,806.00 WITNESS my hand and seal this 17th day of _--..,;O:;.;c;..;;t;.;;.o.::;.be:;.:r~, 1968. WITNESS: Exhibit "G" 1t.'6/l.4/,69 IN THE COURT OF COMMJN PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE ESTATE OF JESSE B.GUTTMAN ,Ali/A JESSE BERNARD GUTTMAN, DECEASED RECEIPT NO.'649 OF 1969 We,LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Trustees Under the Will for Sylvia Z.Guttman (now Graditor) $419,'656.69 Marital Deduction Trust per Federal Estate Tax Return,do hereby acknowledge to have received from LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Executors of the Estate of Jesse B.Guttman a/k/a Jesse Bernard Guttman,Deceased as distribution under Paragraph Third (A) of Will of Jesse B.Guttman,a/k/a Jesse Bernard Guttman,Deceased the following: Cash --z71/69 $5,9'61.11 Miscellaneous $115,533.6'6 Face Value Promissory Note of Guttman Oil Company dated 1/14/67 representing payment in full for 100 shares Guttman Oil Company Capital Stock under Buy and Sell ,Agreement dated 1/27/65 115,533.6'6 $199,666.16 Face Value Promissory Note of Guttman Realty Company dated 1/14/67 representing payment in full for 250 shares Guttman Realty Company Capital Stock under Buy and Sell ,Agreement dated 1/27/65 199,666.16 $14,950.00 Face Value Note of Guttman Supply Company dated 3/2/67 13,950.00 $'64,725.74 Face Value Promissory Note of Mercer County Oil Company dated 1/14/67 representing payment in full for 50 shares Mercer County Oil Company,Incorporated Capital Stock under Buy and Sell Agreement dated 1/27/65 '64,725.74 $419,'656.69 Exhibit "G-1" .. ...'·" • ' I Witness our hand and seal this &7~day of_....a~..~-<-F-"'_~«~d=::::::-__,1969.# WITNESS: WITNESS:~~..'..'.'-(SEAL)HO:ar~ THE UNION NATIONAL BANK OF PITTSBURGH By ~,~~()difA~::E:.I--__~(SEAL)~Senior Vice President .:;.. .'1 IN RE ]"t 8/1.4/69 IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION ESTATE OF JESSE B.GUTTMAN A/KIA JESSE BERNARD GUTTMAN, DEDEASED NO.849 OF 1969 RECEIPT We,LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Trustees Under the Will for Sylvia Z.Guttman (now Graditor) do hereby acknowledge to have received from LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Executors of the Estate of Jesse B. Guttman a/k/a Jesse Bernard Guttman,Deceased as distribution under Paragraph Third (A)of Will of Jesse B.Guttman a/k/a Jesse Bernard Guttman,Deceased the following: Payments on account Interest on Bequest for period 1/14/66 to 4/1/69 8/3/67 $12,800.00 3/11/68 12,800.00 4/1/69 14.907.35 $40,507.35 Witness our hand and seal this &?..&/J day of ~~,1969. WITNESS: WITNESS: ATTEST: t-~~'-r-~-_,,r;-~e~o""""""".~u=~ma~n~----(SEAL) THE UNION NATIONAL BANK OF PITTSBURGH ~BYJ---bA-(JMt.~e~n~i~or"~~V~i::""ce~~-r"";'e';"'si~d~e-nt~--/(SEAL) AUG 2 819q~, Exhibit '!G-2" .'1 ' J.t ~8/J.4/69 IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE ESTATE OF JESSE B.GUTTMAN A/K/A JESSE BERNARD GUTTMAN, DECEASED RECEIPT NO.849 OF 1969 We,LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Trustees Under the Will for Sylvia Z.Guttman (now Graditor) do hereby acknowledge to have received from LEO D.GUTTMAN,HOWARD S.GUTTMAN and THE UNION NATIONAL BANK OF PITTSBURGH,Executors of the Estate of Jesse B. Guttman a/k/a Jesse Bernard Guttman,Deceased as distribution under Paragraph Fourth (A)of Will of Jesse B.Guttman a/k/a Jesse Bernard Guttman,Deceased the following: Payments on account Income 10/5/67 $5,000.00 3/11/68 13,000.00 $18,000.00 Witness our hand and seal this Q?7&day Of__.....:::::4rJ::::;;..;;:..~:...:;....__,1969. WITNESS: WITNESS: ~(SF.ALl,.Howar • u man THE UNION NATIONAL BANK OF PITTSBURGH By ~ident (SEAL) Exhibit "G-J!' j POST OFFICE BOX NO.837 PITTSBURGH,PA.15230 J.DONALD PATTON SENIORVICE PBESlDENT September 23,1969. Mr.John V.B.Hana,Audit Clerk Orphans'Cour~Division Courthouse "Washington,Pennsylvania,15301 In re:Estate of Jesse B.Guttman,Deceased. Dear Mr.Hana: IAttheAuditfortheJesseBernardGuttman Estate,1/849 of 1969,3rd quarter term,there was presented a claim for Personal Property Tax due Washington County for·the years 1964 and 1965.The claim indicated the amount due for 1964 of $75.08 and for 1965 the amount of $49.71. This Bank as Agent for Mr.Guttman for a number of years prior to his death had supplied him with information necessary for his Personal Property Tax Returns and had assumed that returns had been filed,but after leaving the Audit I found from an inquiry with his accountants that he had not handled the returns.It follows that there would be an amount due for the years 1964.and 1965. The records for 1964 indicate,however,that the corrected schedule of securi- ties \IOuld be 100 shares of Standard Oil of Indiana at the unit price shown on the claim,5 shares of Standard Oil of New Jersey also at the unit price shown,and 2 shares of Cities Service at the unit price shown.The securities for 1965 are correct.The Standard Oil of Indiana declared a 2 for 1 split which was paid October 16,1964 and CitiesService also had a 2 for 1 split which was paid October 27,1965.On the basis of this information the total value for 1964 would be $6,892, and the amount of tax at $27.57,10%penalty of $2.76 and interest of $8.27 for a total claim of $38.60.No adjustment is being made for the year 1965 in connection with the Cities Service stock.With this information for your·-records I would appre- ciate if you would have the proper claim allowed which would invo~ve $38.60 instead of $75.08 for 1964 and $49.71 for 1965,or a total of $88.31 inStead of $124.79.The claim which you permitted me to take is being returned for your records with this letter. ver;y~~Donald Patton Senior Vice President JDP/dmd Enclosure #6342 Form RCC-33 RESIDENT DECEDENT -.~~/'MN.), COMMONWEALTH OF PENNSYLVANIA ~.'J';t.~~. DEPARTMENT OF REVENUE BUREAU OF COUNTY ~~~~~O~~...WA$IjJ!lG.trl1.3Z~t)l J 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 hy the Secretary of Revenue.(Section 703 of tile Inheritance.an!i E.sj;ate Tax Act of 1961.) IN THE MATTER OF THE ESTATE OF }AFFIDAVIT OF Jesse B.Gut.~rn.a:!:l:....a/k/~..Jesse Berrla,rd Gll~tmaJ:l.......EXECUTOR S(State full name of decedent) Late of ..}fashington County ~ :::t:.;~:;~~a:::::_::~}'" ~.E?9.p..~G:l,J..~t.:tJ:l?A.,H.9.~1:l:r;4 $.~.G:l,J..~t.:tJ:l?A ~4 ..':['p.E?..VJ:J,t911 N§:.t.~9!!:1:l:l:..I.l~~C?f R~t.t.:31?~gp.Executor S ~of the estate of the above-named decedent being duly sworn,depose and say Decedent died J..I:l!!:l,J..~~~.th.)....),4..(Usy),19~Y~ri..··,{~~aVing a last will,copy of which is hereto attached.} Name and address of attorney or}Wil.l,iam...J.•....KY.',l...e,.Jr.•.,Esq•.Buchanan,......Inge.r.soll,..F.od.e.wald.,other authorized representative to whom all correspondence should be Kyle &Buer'ger l8000l~v:er Btlil.d~IlgR:it.t.s1?~g4,lE3JP.l:~y:I:.y~P::i.~........J5222 rnai led, That as such .,~.~,~.::~,~.:.~..,,.deponent is familiar with the affairs of said estate and the property con- (1·:xt~C'lItor·AdminiRtrator) 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 INSTITUTION THIS SAFE DEPOSIT BOX RENTED RELATIONSHIP OF JOINTINWHICHDECEDENTRENTEDASAFEDEPOSITBOXINNAMEORNAMESOFHOLDERSTODECEDENT Mellon National Bank &Trust Company Decedent and Charleroi Office S;ylvia Z.Guttman Wife Box :/Il8L,R Box #l97B i.Jeo D.and Howard Guttman Brothers That the contents o~said sa~e deposit box or boxes are itemized under Schedules of this return,wi th the exception o~the following,for the reasons hereinafter set forth: That Schedule A attached h,ereto and made part hereof sets forth fullv 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 encumbrances 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 value thereof as of date of death of decedent. That Schedule B attached hereto and made part hereof sets forth fully and in detail all personal ..,..._,I j'_.:property wheresover situated'owned by the decedent at the time of death;all moneys left by the decedent at the time of death,whether in decedent's immediate possession,standing to decedent's credt"t 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 thereo~or of any foreign country,which are owned at the time of death;all wearing apparel,jewelry,silverware,pie- tures,books,works of art,household furniture,horses,carriages,automobiles,boats,and any and all ()thpr pprsonal chattels of whatsoever kind or nature,left by decedent,together with the fairly estimated r,j,irkPt vallie thereof;all bonds and mortga!!es held by tiecedent and of all claims due and owing decedent d t the time of neath,and all promissory notes or other instruments in wri ting for the payment of money 'If whir:h (tecedent died possessed,of whatsoever nature,with interest thereon,if any,giving the face vuIlle <lnrl estimated ~air market value thereof,and i~such estimated fair market value be less than the fa~f''HIlle,it sets forth brie~ly the reasons ~or such depreciation 'as to each item;all moneys payable to the estate ~rom li~e insurance polici'es carried by decedent;all annuity and endowment contracts the I'Toceerl,s o~which were payable upon the death o~the tiecedent;and all the corporate stocks and dividends rille thereon and unpaid as of the date of death,bonds and accrued interest thereon to the date of dece- dpnt's death anti other investment securities owned by the decedent at the time o~death,with the market '>tlllf'thereof at such time. L ,,. ..l THE UNION NATIO ~OF PITTSBURGH~]':~i~srm;m·iiicemPres . Post Office Box 837 ....................................................................................................................................-.. (Street Numbe'r) Pittsburgh,Pennsylvania 15230....................................................................................................................................... (City or Town.and State) 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;a.nd in suppqrt of the value of stich interest there'is annexed to said schedule,financial statements sho~ing the ~:ssets and liabilities o'f s'aid co-partnership or business. ~copy of 'the co-part~ership.agreement,(if oral,a statement setting forth th~mitlire of'the agreement) together with a stateme'nt setting forth the character of the 'business,its location,and stich other fa.cts pertaining to the .busines·s as may be pertinent to a fair and jus t.appraisal 'Of the decedent!S'interest therein must be submitte·d.·It should also set forth in itemized form,together w-ith the fair market va,lue there'of,any .other .property owned or bequeathed by the de'cedent ·an the time pf·death.. . The Schedule C attached hereto and made part hereof ~ets forth a true answer to each inquiry contained the'reinand in the case of transfers ofproperty;real or personal,within two years of decedent's. death,in conte'!1platlon of decedent's death,or intended to take effect in possess.ion or enjoyment·at'or after death,said 'schedul'e sets forth the nature and vaiue of SUch property,to whom transferred,the relationship of the transferees to ·the decedent,the proportionate share receive~by each transferee·and all other r'acts of a pertinent nat1)re regarding said transfers.·10'the case of transfers intended to. take effect in possession or enjoyment.at or after death,there is also attached to the schedule a COllY of the deed,trust agreemen't or other instrument creating the trust.TherH is also set forth in said. schedule a list of ali property,real and personal,with its value,which passes at decedent's death by virtue of the exercise by decedent,either indiVidually,or jointly with another,or any power of appoint- ment vestedindeceden~,either indiVidually or jointly,by the Will,deed,or other instrument of another, with a copy of the instrument creating such power attached to the schedule. That Schedule D attached hereto and made part hereof sets forth the names and addresses of all persons ben~ficially 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 tim'e of decedent's death of all minors,annuitan·ts 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 Schequle t att~ctled her~toand made a part hereof sets forth all property,real and per- sonal,.owned.by th~decedent jointly with'another or others,including intangible,standing in the name of the decedent and ~thers;plus the date and place of record of instrtrnents effecting the vestiture of real estate and the date.of acqUisition of personalty,plus the name,address and relationship,if any, of co-owners to the decedent. Ttlat Schedule F attached hereto and made a part hereof sets forth fully and in detail all debts and dedlJ,c'tlops claiined for and on behalf of this decedent's estate,inc'luding funeral expenses paid; fa¢ily exemptio~;wh~re ~ppllcable;costs.of administration of this estate;counsel fees a~d fudiciary's commissions pa~d or to be paid;cost expended for burial trusts,tOmbstones or gravema~kers,and reli- gious services,in consequence of the death'of the decedent;debts and .claims owing and l~paid at time of death;taxes accru~d charge.able for period prior to decedent's death (except.those.allowed under Se'ction 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 Qe 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 "An,"B", have been carried forward and properly registered in the SUI!\II1a:r~Y::':""'~~~~1!:!S~~~~'=:!!:~~~_ Subscribed and sworn to before me this .....a..g,..r6:...'---J.~4 dey ~;mmm 19t.Z .......~1ff}~h ~~:.~.dAA.~. tLtANOR G.BRAUN,Notary Public Notary Public 'pittsburgh,Allegtleny Co.,Pa. My Commission Expires January 7,1971 NOTE:Before signing affidavit make sure all blank spaoes in the affidavit and schedules annexed are filled in with details or the word "None",and in case the assets include rare and unlisterl 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)• COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF COUNTY COLLECTIONS TRANSFER INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "A" REAL PROPERTY * r. .,, 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 hf'ld 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 raal property located In the Comma!,wealth of Pennsylvania should be (1)(2)(3),I described by lot and block number,street and street number,together with 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 !.tatement of mortgage encumbrances upon each parcel at death DECEDENT'S MARKET VALUE (Do not writeofdecedent.Taxes,assessments,accr.ued Interest on mortgages,etc.,are DEATH In this space)to be listed on Schedule "F"and must not be deducted from this schedule. See Schedule I'E" Insert this total opposite "real property",Schedule "A"in the X X X X X "As Reported"coIurnn on the last page of thi s 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 of 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 No. ITEM List and describe fully See copy of Inventory attached UNIT VALUE ESTIMATED MARKE:r VALUE 1,137,966.27 DEPARTMENT VALUATION (Do not write in this space) - Under terms of the Buy-Sell Agreement dated 1/27/~5, the companies included as parties to the Agreement are obligated to pay to decedent's widow one~half of his salary for a period of one year after date of death.Such amount was paid as follows: Mon River Towing Company -Paid to Sylvia Z.Guttman Insert this total opposite "Personal Property",Schedule "B"in the "As Reported"column on the last page of this return. x X 30,OOO.OO,~ 1,167,966.27 RCC-36 rOmWN\\'EALTH OF PENNSYLVANIA TIUNSFER INHERITANCE TAX ~~~IDE~T DECEDENT SCHEDULE "c" TR..lNSFERS (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)~N~o _ (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)_....N..,o"--__ (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 heal th 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~Q~__ (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)Yes (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)_""N""o'--_ (b)The right to designate the persons who shall possess or enjoy the property transferred or income therefrom?(Answer yes or no)_N_o __ (6)If the answer to (5)(b)above is in the affirmative,state whether the right was reserved in decedent alone or 0 thers ~---------- (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 yes 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)__~Y~e~s~_ (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)-"'N..,o"--_ 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 DESCRIPTION MARKET VALUE (Estimated)DEPT.VALUATION (Dept.Only) See copy of Schedule attached Insert this total opposite ftTransrersft ,Schedule ·C·in the •As Reported·column on the last page or this return. 30,841.45 cr{~/I /,, / 30,841.45 ESTATE OF JESSE B.GUTTMAN,Deceased Schedule C Transfers 1.Decedent created an Irrevocable Inter Vivos Trust with The Union National Bank of Pittsburgh under Agreement dated 2/1/60 in which he gives the income to his two sons until 8/1/70 and then the principal will revert back to the Grantor or in the event of his prior death,the principal shall pass to his heirs in accordance with the Pennsylvania Intestate Law as if he then died seized of such property.The value of this decedent's reversionary interest in the Trust as of 1/14/66 is as follows: I Reversionary interest after 4 1/2 years at 85.6707 Decedent created an Irrevocable Inter Vivos Trust with The Union National Bank of Pittsburgh under Agreement dated 8/15/57 to which he transferred his interest in a lease with Eat 'N Park (dated 5/2/57,expiring 8/31/69, and renewable at the option of the lessee for eight more years)in which Eat 'N Park is the Lessee and Jesse B.Guttman is Sub-Lessor under a lease with the Guttman Realty Company with corresponding terms of expiration.Under terms of the Trust Agreement,the Trust assumes all liability under the lease with Guttman Realty Company and the Grantor's two sons are to receive the net income until 8/31/69 or until 8/31/77 if the lease is renewed for the additional 8-year term,and then the principal reverts to the Grantor or to his heirs as in Item 1 above.Since both leases expire at the end of the "Term of Years,"the reversionary interest has no value. 2. Demand Note of Guttman Supply Company dated 2/1/60 at 6% Demand Note of Gutbro pevelopment Co. dated 2/1/60 at 6% Total assets $22,000.00 14,000.00 $36'}000.00 $30,84L.451r1li.\I~ No Value 4· 5. 21 shares Texaco,Incorporated,Capital Stock n/o Jesse Guttman,Custodian for Jack A.Guttman under Pennsylvania Uniform Gifts to Minors Act. 21 shares Texaco,Incorporated,Capital Stock n/o Jesse Guttman,Custodian for Steven J.Guttman under Pennsylvania Uniform Gifts to Minors Act. 1 share Communications Satellite Corporation,Common Stock n/o Jesse B.Guttman,Custodian for Steven J.Guttman under Pennsylvania Uniform Gifts to Minors Act. Non-taxable Non-taxable Non-taxable Ret-38 COMMONWEALTH OF PENNSYLVA.NIA rnANSFEH INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "E" JOINTLY OWNED PROPERTY INSTRrCTIOr;s:This schedule must disclose all property,real and personal,owned by the decedent jointly wi th 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 desc~iption,as indicated under Schedule "A",plus the date and place of record of instrument effecting vestlture,but do not include entireties or out of state real estate value in estate valuation column.Personal property should be listed as in Schedule "a",plus date of acquisition,and the name,address and relationship (if any)of co-awners to the decedent. Description of Property,Date of Acquisition,Name 1 Unit percentage Estate DEPARTMENT VALUATION Address and Relationship of Co-Owners,and PIace Value Share Valuatiob CAUTION-Do not Write of Record of Instrument,where Rea!Estate.!In This Space. Value of Value of Entire Decedent's Property Interest See attached Schedule 1 , I II I iIIII I - Insert this total opposite "Jointly Owned Property",Schedule "E"I in the "As Reported"e01ll.':lI1 Oil the last pagH of Lhlo return.!..! .)' SCHEDULE E The following items were in joint names of the decedent and his wife Sylvia Z.Guttman at the time of death Improved real estate situate 234 Grandview Way,Speers Borough,Washington County,Pennsylvania,consisting of two lots having erected thereon a I-story brick and stone house Proceeds sale $30,000.00 ... Percentage Share Estate Valuations Mellon National Bank &Trust Company Charleroi,Pennsylvania Checking account First National Bank Charleroi,Pennsylvania Checking account Glickman Corporation (now Franchard Corp.) Common 600 shares at $2.00 The Wooster Rubber Company (Now Rubbermaid,Incorporated)Common 5 shares at 28 5/8 5,731.79 134.74 1,200.00 143.13 $37,209.66 Non-taxable The following items were in the joint names of the decedent and one of either of his sons,Jack or Steven Guttman Mellon National Bank &Trust Charleroi,Pennsylvania Checking account in name or Jesse B.Guttman Company of Jack A.Guttman ·173.91 50%86.95 United States of America~Savings Bonds Series "E" in the names of Steven Guttman or Jesse Guttman $25 Face Value due 7/1/64 26.96 $25 Face Value due 8/1/64 26.55 $25 Face Value due 11/1/64 26.55 $50 Face Value due 8/1/65 51.54 $100 Face Value due 5/1/66 101.40 $25 Face Value due 3/1/67 23.79 256.79 United States of America Savings Bonds Series "E" in the names ·of Jack Guttman or Jesse Guttman $25 Face Value due 8/1/64 26.55 $100 Face Value due 5/1/66 101.40 $25 Face Value due 12/1/68 21.95 149.90 50% 50% 128.39 74.95 $290.29 ,,- ~tC-37 (12-63) nn"lt)7\\n·~:\I.Tll OF PE7\7\SYYl..\'NIA TRANSFER l7\llEHlT.\~l'ET.\X RESIDENT mXEDE~T SCHEDULE "0" BENEFICIARIES --,- BENEFICIARIES AND ADDRESSES RELATIONSHIP I '(If step-children or SURVIVED DATE INTEREST OFStatefullnamesandaddressesofallwhoillegitimatechildrenIDECEDENTOFBENEFICIARY ,- ave an interest,vested,contingent or other-are involved,set STATE YES BIRTH IN ESTATE wise,in estate)-forth this fact.)OR NO 3y1via Ziskind Guttman Wife Yes Beauest Der Second 28 N.Craig-,street para.Q'ranh nf Will ,- ittsburgh.Pennsylvania 15213 ",.". eo D.Guttman.Howard S.Guttman nd The Union National Bank of ittsburgh,Trustees for Sylvia Ziskind Guttman Marital Trust th Avenue and Wood Street Ji++,.Pe-n-nQ"tTl "tfRni a ll)~?O; eo D.Guttman.Howard S.Guttman and The Union National Bank of Pittsburgh.Trustees Residue 4th Avenue and Wood Street Pittsburgh,Pennsylvania 15222 -- -', ... 4- P P a L S 1 P L \ h Deponent further says that all the above-named beneficiaries are living at this time except below: NAME DATE OF DEATH RESIDENCE OF THE ESTATE OF :\IATTER OF THE APPRAISEMENT JesseB.Gu.ttnm.:q.~/~/E!-JesseBeI'I.l?-I'd.Gu.ttman Deceased .. ~ ~ ...,."'Xj ~ ....<1)(1)~....ll>:s r.n ._ .l!;.,g "'Xj (1)~..............0 '""d'"lj (1).........g q- (1).........'<: ~:0:1-":l:l:c+:1-'0..::: :0B:CD:p. :'"tI:Ii:0>a:CD:Ii:c+0..::: o....otil'" (Executor-Administrator must complete "As Reported"column #1.) ..., ~>:~r::r~ tr:l'".....~.....(1) Year . P.o<THE I No. Will Administration Late of Charleroi .... Commonwealth of Pennsylvania .-..(:t . REPORT ,;\ND APPRAISAL :n -.. r l l::7J ::,.. we:: _.~ <:,')t/)::u -... -((.J) . r:.'~.'_'"I:::0;-..... .;;~ r--I =:.~.""1:1 r~l ,:-;:::c '0 loU CJ (J),.... >'"~(1)--- ",,-oQ~.......o;!::o~ CrJ C ~~>~ CrJ CrJ ~ (")(")?'"?'" ~;; ~: -00 -00 :..--....:-..:W W:::r ?'" :'=n:t?;:l ::="'-'......... -00-* :1-'...:1-':\.J-):0':0 :--::1 ".,. :l\):00 "-0 '":t--:0'o :1-':0'.. .. ..:~t;.~ -00-* :1-'":1-' \0:'-0..:0:'-0 00:.:0 I-' Wasb,iIlgtOIl .County of -(F..-OO-OO~~~.. William J.Ky~,Esq. Buchanan,Ingersoll,RDdewald, Kyle &Buerger 1800 Oliver Building Pittsburgh,Pennsylvania 15222 "-""-.""-.~~ ~~.,~\ ~.". "-, 1 ~.~\.f':.,~~:.~\"I :'C\,...;-.~.~.:~\.~:::~:'.~.;~~.~. ."~~ >-'Jo o"'---8"1..:,)..,~ :3 ~r::c.. R CC-81 (2-64) •COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE . BUREAU OF COUNTY COLLECTIONS INHERITANCE TAX DIVISION IN YOUR REPLY PLEAGE REP'I:R TO 36-172-8 NOTICE OF FILING OF APPRAISEMENT LEO D.GUTTl-IAN,HOWARD S.GUTT}/iAN &UN10N NAT10NAL BANK OF PITTSBURGH (Executor41~)· J In Re:Estate of ~JES~'!!::S~E~B~.~G~UT~T~MAN:=!·~...s:ala,l./.J:lkol-/.aa,--_ ____--:.;W~AB:;;H:.::IN=G:.:IDO=N County - FHe No.9237-09 You are hereby notified that the original appraisement in the estate of .TeFlSA B.Gllt,tman a/k/a has been filed in the office of the Register of Wills qf wa;hington County on J\]ly 17 ,19..6.8.Said appraisement reflects·the follOWing valuations: Jt.Held ~--,----==2~90~·.t.:::2:.,L9__ Personal Property ~1~,1~6~7w,~9~6~6~.~2~7 __ Transfers 3.lJQol.j,~84~1.....""'4k....5!.-- Tota1 ...::1!:.l,L.:!!1"""9..L9.,a.;,Q:::.9L::8~•..:O:=:1__ As to such tax that is paid within three months from date of death,a five (5%)percent discount is allowable.As to any tax that remains unpaid after one year 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 ...IJLJ\....]1"'Jy"-"""]~7+,--'-]~96..",8""'--_ DATE OF DEATH:January 14,1966 Note:This is not a bill. "'c,c-;q (6.64) ('·O~ONWEAI"TH OF P.~NN~YIN AN 1:\ TRAN t'lli'F.n I NHl~RITAN C~TA~ ~~SIDENT nEc~nRNT ., GUTTMAN,JESSE B.a/k/a GUTT1'-1AN,JESSE BERNARD FILE #9237-09 January i4,1966 ........• SUMMARY I~the unctersigned #63 Washington the real and personal opposite each item in FILE #9237-09 Dated:07-17-68 01-14-66 rmpOH'l'OF INHERI'l'AiiCF.TAX APPRAISER duly appointed Inheritance Tax Appraiser in and for th~County of ,Pennsylvania,do respectfully report that I have appraised property as reported in the foregoing return at the values set forth the last column to the right in Schedules "A","B","c"and iIE". -""93'.~-...:;;.-'."'~-G-<_..c/(..'..;;?::. I N HER I TAN C~E-'X AP P R A I Sb ...._- REPORT OF THE REGISTER OF WILLS I,the undersigned duly elected Register of Wills in and for _ County,Pennsylvania,do respectfully report that I have allowed deductions in the amounts claimed by deponent,~xcept as to those items where a greater OT 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: REGISTtR OF WILLS AS REAPPRAI SED ======1=======:= VALUE AS REPORTED VALUE AS APPRAISED VALUE $----_.-$-----_.-$------1,167,966...Z1-1,167.966.27._ 30,8~J.lJ.L 30.,,841.45.__._ 29D..29.-290.29._ ),J 99,098•.OL-1,199,098.01 &'1 f!)l:#:ff:~= 1.//~o,L~.I1f_1 ) INVENTORY Real Property (Schedule A) Personal Property (Schedule B) Transfers (Schedule C) J oint-Held Property (Schedule E) TOTAL GROSS ASSETS LESS Debts and Deductions (SCHEDULE F) CLEA....8.VALUE OF ESTATE Valuation of life estates or annui ties . . . • . . . •*_ ESTATE TAX ASSESSMENTS ~ OOOO.c:J-1l Q 1/rJL~£)'1.$1 /11 ~e 1\.. .'n~SU;:>1/R . ai4r~()~ltrlt~(c(L~d I r ,rJ 3 /fO I ~o .:r:""J,"T4~~rl~d IT 'd..l 7 /4.~' $~IA~J~O()~~eCel't /'I goo.crt)Pd Llfi£//n .88lt1..~~' $ BaL-u.oo6,~ $Ih/((lfJ'I I ,ssq/ TO-r'ifl....,"4-~-,S7 $------- $-----...,..,-- $lf79.77 DUe(\.fa let 'if ..~O (':')As evidenced by Charitable Exemption Certificates issued by the Secretary of Revenue.. p.l J./II&.!I"fl e c '1J;8L.i J.7J J c Red 1'1 [iST4Tc..T((~ ftEI:.1'1 J.1 31 R~c.tty GC 2.~- R("Co R0 Fo SJq~ COMPUTATION OF TAX TOTAL TAX BALANCE PAID.~-II"[q 1 $=====:= *------$------ .. CI.Se!OJ &u /1 ~oo.O'U l.//~.~& CREel,t.s 'TCWQ!'teL p~h~It Pd ¥/ii//6{, Pd.Yilt/It 7 pJ.~/Jdb1 CR Cft 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. BALANCE OF INHERITANCE TAX DUE Add interest at rate of 6%from to------AMOUNT OF ESTATE TAX ASSESSED Es tate tax paid BALANCE DUE Add interest at rate of 6%fromto_ ell i"blQL ~~fJ If.5 ..}JJ11 t.fb FOR USE OF REGISTER ONLY T ax on $9_:)%$-:__ '"[ROthS.fT'X on $30t1 l.'t~f/J $k/{":U jOII1l'Tax on $.290,,~~'.$.,S,.8.E- j:.sfQ1"T ax on $1.0 19 ,()I '+._7_<fl'$J.I.S J'R ".~ Exemptions ..~(,:,) Total Es tate I i j 003b,fE=- l I TOTAL TAX Less tax previously paid BALANCE Less 5%of tax if paid within 3 months after death Will Administration !No . r."THE Year ../ :\IATTER OF THE APPRAISEMENT OF THE EST.-\.TE OF JESSE B..G.lJ'l'T~a/lr:!a . Deceased Late of . County of $:p.~..... ..WASHINGTON . l Commonwealth of Pennsylvania REPORT AND APPRAISAL ...-~.-',.:'~""V"f'~-;>:!!>l'~~ .' FILE NO..9..?2.7.:.Q9.. .~ DATE J.Jgy ~.7.'-~.9.§.?. Fonn RCC-2· ~ •DEPARTMENT OF REVENUE ~ BUREAU OF COUNTY COLLECTIONS HARRISBURG.PENNA.171Z7 COMMONWEALTH OF PENNSYLVANIA... RESIDENT INHERITANCE TAX~COUNTY Yi~~~.~~.?~: APPRAISEMENT Whereas,J.es.s.e.B Gut.tman a/k/a late of $p~.~:r.!?. in the County of :w.~~~~.g~~J.l:CQmmonwealth .of .~ennsylvania,having died on the ~.4 ~~day of ~.~l1:~:r..;v.19 ~?,seized a~d ~osses~ed of ~n estate subject to Inheritance Tax under the laws of the Commonwealth of Pennsylvania; Therefore,I,W:.R~Chaney.,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 i Description of Asset Values Made for InheritanceTax"Purpoles $ REALTY: NONE 1:J..~.·7~Qne 27 PERSONALTY: As per Schedule "B"1,167,966 27, TRANSFERS: As per Schedule IIC"30,841 45 JT.HELD: As per Schedule #Ell 290 29 II " Total 1,199,098 01 ., - I form~~v;;:~hb~~~:~i:w~~~~~l~~:~:;o~e~~~~~~~;;~~=~@?;;l~~ I /ppralaer ~"""""""Z""""'::(~;d·'St~~~'t';""""""".."""""""................................"'"".~L.6.-:1<."","'-;.~I.f:.;!:.....,"~.........,""""""""""""""""""",..,....,Penna.(Pat OllIe.) ( -.. •.- .....................WA$Hl.:;r~G'rQN County RESIDENT INHERITANCE TAX APPRAISEMENT Estate of ...,,:B..P.$E.;,J;3..!.QlJ.';r.'r~N ~./"k../~. Deceased. Late of ~ SPEERS.................................................................................. Date of Death,~.~.~:r.y..:J.,4,J.9~.9.. Appraisemel!t Docket Vol.,3.6.. Page,.l.7.2~8.No 92J7~Q9 .. Filed in Register's Offi.ce,J.vJ,y l7.,19.6..~. Amount of tax due,$_._. DEPARTMENT OF REVENUE Received,-•......•...__...•..._--.-..--____..--._•.•.......-__..__._-_..\ Examined and Approved,.. Wrote abo.ut Appra.isement, Appeal ft-om Appraisement,. Entered ami charged,.\i DEDUCTIONS THE SUM OF .STATEMENT OF DEBTS AND DEDUCTIONS ESTATE OF Jesse B.Guttman,Deceased L.ATE OF ...lC:!:!h~a:!:.l!r....l!::.le="ir~o""i""'-""":=P:..le""nn..:!::!llsI!oYJ.::l!o.:vlC.!anilolo.looilo.la=--_ OFFicE OF THE REGISTER OF WILLS AND AGENT OF THE COMMONWEALTH OF W~a=shi=·n;::glOl.t..:.o.=.n=-_COUNTY ~Form RC C·lO DATE OF FIL.ING APPRAISEMENT _...::J:..::U1.:::::.ly~1~7i..:'1-.'::1::..9:..::6::;:8::..'__DATE OF DEATH :::.J:=a~nu~ary=...z:-=l:l:l41:.,l'L.-.::!1...9:..::6~6;::....._ DATE NO.OF VOUCH'''' NAME OF PAYEE REMARKIl AMOUNT ,(f ---4---+--+--------------4--------------t---+--- COMMONWEALTH OF PENNSYLVANIA } COUNTY OF Allegheny so: I,.Tohn R.Echement,Trust Officer of The Union National Bank of Pittsburgh INHERITANCE TAX PURPOSES. blic SWORN ND SUBSCRIBED BEFORE ME THIS (?~ --~~~~~,£llfil ~ V Notary lElAND T.DAY,NOTARY PUBLIC PITTSBURGH,ALlEGHENY COU'ITY MY COMMISSION EXPIRES fEBRUARY I,1971 " ESTATE OF JESSE B.GUTTMAN,DECEASED STATEMENT OF DEBTS AND DEDUCTIONS Family ~emption Sylvia Z.Guttman,surviving spouse Administrative ~enses Washington County Reports Advertising Grant of Letters Testamentary Guy A.Rogers Reimbursement for travel expenses to Charleroi,P~nnsylvania Payment for probate of Will and 10 Short Certificates Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of 5 Short Certificates Cost of Short Certificates Cost of 2 Short Certificates Commonwealth of Pennsylvania -Bureau of Vital Statistics Cost of Death Certificate Buchanan,Ingersoll,Rodewald,Kyle and Buerger Reimbursement for advertising Grant of Letters Testamentary in The Valley Independent Josephine M.Douglas,Agent Certified Copy of Will Commonwealth of Pennsylvania -Bureau of Vital Statistics Cost of Death Certificate Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of Short Certificate Josephine M.Douglas,Register of Wills of Washington County,Pennsylvania Cost of Short Certificate Epstein,Tabor and Schorr Services in re valuations of company stocks Josephine M.Douglas,Register of ·Wills of Washington County,Pennsylvania Cost of 2 Short Certificates Peacock,Keller and Yohe Reimbursement for Additional Cost of filing Inventory Attorney's fee $1,000.00 12.50 15.00 25.50 5.00 1.00 2.00 1.00 7.50 10.50 1.00 1.00 1.00 1,295.00 2.00 27.00 30.00 I ESTATE OF JESSE B.GUTTMAN,DECEASED (continued) Administrative ~enses (continued) I· Buchanan,Ingersoll,Rodewald,Kyle and Buerger Attorneys'fee 12/27/68 on account 6/24/69 balance The Union National Bank of Pittsburgh Accountant's compensation 12/27/68 on account 6/24/69 balance ~enses in re sale of securities Preferred Debts Harold L.Schrock Funeral Home Funeral expenses Less discount Charleroi-Monessen Hospital Payment for Medical ~enses 11/1/65 and 12/3/65 (Out-patient department) Craig Medical Associates Payment of balance for Medical Services -statement 12/7/65 Joseph M.Young,M.D. Professional services 1/14/66 E.E.Costa,M.D. Professional services -statement 11/30/65 Congregation Sfard of McKeesport Funeral expenses Charleroi-Monessen Hospital Balance due for services 1/14/66 Kurtz Monument Company Payment for Rock of Ages Memorial - statement 8/30/66 Howard S.Guttman Reimbursement for funds paid to Rabbi Jacob sax as honorarium 10,000.00 15,000.00 10,000.00 15,000.00 1,765.79 24·00 $25,000.00 25,000.00 22.52 1,741.79 30.00 15.00 20.00 5.00 180.00 22.00 580.00 50.00 f ESTATE OF JESSE B.GUTTMAN,DECEASID (continued) Other Debts The Union National Bank of Pittsburgh Accountant's compensation on Jesse B. Guttman,Agent Account No.4013 Sigma Alpha MuFathers Club Payment of dues for the year 1965-66 Mon River Towing,Incorporated Payment of balance due on personal car -statement 12/25/65 Mon Valley Travel Service Travel expenses -statement 2/1/66 George H.Hott Agency,Incorporated Payment of premium on Personal Homeowners Insurance Policy for 3 year period -statement 12/15/65 Mellon National Bank and Trust Company Payment of balance due on Charge Account -statement 1/10/66 Zelenski's Clothing purchases -statement 1/11/66 American ~ress Cards Car Rental and Miscellaneous statement 1/18/66 Howard S.Guttman Payment of Loan 12/9/65 Gentry Clothing purchases -statement 2/1/66 Flair Clothing purchases -statement 2/1/66 Craig Medical Associates Medical expenses for Steven Guttman - statement 1/10/66 Haas'Fine Footwear,Incorporated Payment of balance -statement 2/1/66 The Shop for Poppagall0 Clothing purchases -statement February 1966 $28.58 25.00 4,144.00 511.15 454.00 29.00 111.55 370.98 5,000.00 234.80 19.35 10.00 15.27 18.00 ! .....'•J ;..J ESTATE OF JESSE B.GUTTMAN,DECEASED (continued) Other Debts (continued) Coventry,Limited Clothing purchases -statement 12/25/65 Shell Oil Company Gasoline -statement 1/10/66 Sylvia Guttman Reimbursement for payment of the following: Jack Guttman Second semester College expenses and tuition,Tulane University 1965-66 West Penn Power Electric service Columbia Gas Gas service Authority of Borough of Charleroi Utilities Bell Telephone Company of Pennsylvania Telephone service Internal Revenue Service Household Employer's Social Security Tax The Seasons Miscellaneous expenses -statement 1/9/66 American ~ress Cards Payment for service rendered at Gallagher's Restaurant in Miami, Florida -statement 1/2/66 Russell Marino,Washington County Treasurer 1966 County Personal Property Tax The Union National Bank of Pittsburgh Payment of decedent's 1/3 share of Demand notes $20,500 x 1/3 11,000 x 1/3 _, Interest 1/1/66 to 1/14/66 $66.06 3.30 1,500.00 41.90 40.00 15.23 25.99 12.18 22.78 37.52 6,833.34 3,666.66 24.51 Leo D.Guttman and Howard S.Guttman Repayment of advance for purchase of 100 shares Martin G.Towboat,Incorporated Common stock 10,000.00 $88,432.55 4 ....... ''Vd ··oa N01DN1HSV,~ Sllll.l .10 (J31 SI~3lf ONH:1~;';'j -ll3:S'S{}tJ £5 II H~I i ~mu 69, tQJ 1,1~:! ~.•1liI. I ) / ''';'.. 11u tbr OOrpl1aus'<!tnurt nf lIasl1iugtnu arnuuty IN THE MATTER OF THE AUDIT OF ACCOUNT Jesse Bernard Guttman In re Estate of 9:~:t?~_~~n.L.~_'?_~_~.~_.!?~~l~!.~_._No..~4.9.9.f.;I;,9.g9..J~.~L.9..t~erm,19 ~9 _,AA ~!?.Q..P'.~...g~~y~~,-.._g9_~~.~4 ...~.,__.g.':J:~.~~~__~..v.~~_~~.__~~~_~~_..~~._~~~.~......_W!!l:!'~!....~Y.~~.I t~t'!?.Y.. Oliver Bldg,Pgh.,Fa. ,AX~ Date of death__Jan_'l J.4,.,.19_6.6 Date of filing Inventory Appraisement__._~~~~!:.LlJ,1__.l9~~. _ ~t TO THE AUDITING JUDGE: Enter my appearance for Personal Property Tax Due Washington County,viz: ... IT E M Valuation 1965 I 200 sh St.Oil of Indiana @ 42.50 8500.00 5 sh St~Oil of N.J.@ 90,125 450.63 4 sh Cities Service @ 79.50 318.00 1964 L Jq:J.tJ-d /trfJ -200-Sh St.Oil of I.....diana @ 6'3.875 ',")'7'7~r'\r'\..........,....,..., 5 sh St.Oil of New Jersey @ 76.00 380.00 Ol ,*sh Cities Service @ 62.25 -2!t:9.00 I/).tf•.5 0 Year Inventory Assessment Valuation 12%Assessment Tax at 10%Collection 6%Interest Total ClaimAppraisementReturnedPenalty4MillsPenalty 19 65 9270 None 9270 ---31.08 3.71 8.92 49.71 19 64 l3h-05 None -131+05 ~')~:5.-36 J:6.16 '15.08---7;.1·~"" 19 Ie g1 0 t:.$9 0 .rJ.7,.5'7 ~-7 II 3.;<7 .3!,"0 19 19 19 9i..3/ TOTAL CLAIM Jc2!t-.79 The foregoing is a statement of all items taxable as they appear in the Inventory Appraisement,Affi- davit or Assessment filed for the purpose of determining the Personal Property Tax on said Estate. A.V.CAPANO,Solicitor " Gtfr\·PM' No....?4.9....<?f.,~.9.~.9..._,)~~.<!:re~r 19.__~_9.,AA In re Audit of Account in Estate of GUT~~N.JESSE B• . ~ AUDIT Jrarripr fDr i\pp~aranrr FOR WASHINGTON COUNTY PERSONAL PROPERTY TAX .-'fid •.~~t·~01.:H\n-\SVIt.\ S11l1.\,10 \131$\331\\\ onni"1K 113\)stlllI \ OS 6 '"~G%130 69. A.V.CAPANO~e.o 11 l'""SohcitJr D ~\,-" ~9 r