Majority
Headnote
~Wills—Suspension of power of alienation.The appellants failed in their application because in the opinion of the learned surrogate they were not persons interested in the estate or fund in the hands of the executors within the meaning of the Code; and the only question presented by this appeal is whether that view is correct We think it is. The claim of the city to any interest in the estate of the testator rests upon the second subdivision of the seventh article of the will, which seeks to establish a trust in three executors for purposes which are thus stated:
“ To create, endow and forever maintain an institution in the city of New York, to be called ‘ The Samuel Wood Benevolent Institute,’ and to vest in said institute all of my property and estate not otherwise disposed of, and for the use and purposes thereof as the same are hereinafter declared; and to the end that the said ' The Samuel Wood Benevolent Institute ’ may, by the laws of this state, be capable of taking and holding real estate and other gifts and donations to its use, I hereby direct and order my executors, as soon as may be after my decease, to apply to the legislature of this state for an act of incorporation incorporating the said ‘ The Samuel Wood Benevolent Institute ’ with power to take and hold real estate for the purposes of said institute, and to prosecute said application until a charter shall be obtained conformably to this my will, and to be governed as hereinafter provided ; and in case said charter shall not be obtained within the life of the longest liver of my executors, I give, devise and bequeath the said rest, residue and remainder of my estate, real and personal, to the mayor, aldermen and commonalty of the city of New York, in their corporate capacity, to be strictly devoted by the city of New York to the charitable uses in this my will declared.”
In the will now under consideration, however, the language upon which the substituted gift is dependent manifests a clear intention that the mayor, aldermen and commonalty of the city of ¡New York shall receive nothing until the death of the last of the-testator’s three executors. “ In case said charter shall not be obtained within the life of the longest liver of my executors,” is the-phraseology. The suspension of the absolute ownership and power of alienation is thus attached to the substituted gift itself, and operates to invalidate it equally with the primary-devise. The lurking doubt of the validity of the prior trust which influenced the testator in the case of Cruikshank v. Home for the Friendless, see opinion qf Finch, J., 113 N. Y., 350 ; 22 N. Y. State Rep., 739, does not appear to have existed in the mind of Mr. Wood. He contemplated possible and probable delay in the formation of such a corporation as he desired to have organized, but no legal objection to the testamentary disposition he-attempted to make. He distinctly postponed his gift over to the-city-of New York until the expiration of three lives in being, and hence rendered ineffectual the only portion of his will under which the city could assert any interest to compel his executors to-account.
The order of the surrogate should be affirmed, with costs.
Yan Brunt, P. J., concurs.