[Download] "Troost Avenue Cemetery Company v. First" by Supreme Court of Missouri * eBook PDF Kindle ePub Free

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eBook details

• Title: Troost Avenue Cemetery Company v. First
• Author : Supreme Court of Missouri
• Release Date : January 30, 1966
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 65 KB

Description

Equitable class action seeking authorization for deviation from the terms of a trust instrument requiring certain designated investments. The Attorney General has appealed from the judgment authorizing deviation. The material part of the judgment is as follows: ""(1) The First National Bank of Kansas City, as trustee of the combined trust above described, is hereby permitted, empowered and authorized to deviate from the express investment policies of the trust as modified and in the investment of the trust funds to exercise the diligence and care that men of ordinary prudence, intelligence and discretion would employ, but with a view to permanency of investment, considering probable safety of capital investment, income produced and appreciation of capital investment, including but not limited to, investments in common and preferred corporate stock.""

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