83 *\Yill and Codicil of Consuelo, Doicuger Duchess of
Manchester
said sister and the share so to be allotted in respect of each child of my said sister dying in my lifetime leaving a child or children living at my death shall be In Trust for such last-mentioned child or children who being male attain the age of twenty-one years or being female attain that age or marry under that age in equal shares if .more than oneand the share so to be allotted in respectof each child _q of my said sister born after my death shall if and when being a son he shall have attained the age of twenty-one years or being a daughter she shall have attained that age or married under that age be held in trust for such child absolutely and the share so to be allotted in respect of each child of my said sister living at my death shall if and when being a son he shall attain or have attained the age of twenty-one years or being a daughter she shall attain or have attained that age or marry under that age be held upon the trusts following (that is to say) upon trust that my American Trustees shall pay the annual income of such share to such child of my said sister during his or her life the same in case of a daughter to be for her separate use without power ofanticipation And after such child's death the said share shall be held upon such trusts with such powers and in such manner in all respects for the benefit.of all and every or any one. or more exclusively of the other or others of such child's children or remoter issue (such remoter issue to be born and take vested interests within twenty-one years after the death of such child) as such child shall by deed revocable or irrevocable or by Will or Codicil appoint And in default of and until and subject to any such appointment upon trust for all or any the children or child of such
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Will and Codicil of Consuclo, Dowager Duchess of 91 Manchester
child of my said sister who being sons respectively attain the age of twenty-one years or being daughters respectively attain that age or marry under that age in equal shares if more than one provided that no child of such child of my said sister who or whose issue shall take any part of such share under any such appointment shall be entitled to any portion of the unappointed part of the same share without bringing the part so appointed to him or to her or to his or her issue into hotchpot and accounting for the same accordingly unless such child of my said sister shall by deed revocable or irrevocable or by Will or Codicil direct the contrary And I declare that if there shall be no child of such child of my said sister who being a son attains the age of twenty-one years or being a
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daughter attains that age or marries under that age then after the death ofsuch child of my said sister and such default or failure of his or her children as aforesaid which shall last happen my American Trustees shall stand possessed of the share so to be allotted in respect of such child of my said 93 sister and of the income thereof so far as not then already vested or applied in trust for such person or persons and for such purposes as such child of my said sister shall if male by deed revocable or irrevocable or by Will or Codicil appoint and if female during coverture by Will or Codicil and when not under coverture by deed revocable or irrevocable or by Will or Codicil appoint and I declare that the English statutory power of mainte nance and education and accumulation of surplus income shall apply to every share allotted in respectof a child of my said sister not having attained the age of twenty-one years and also being
94 Will and Codicil of Consuelo, Dowager Duchess of
Manchester
if a daughter unmarried in the same manner as if such child would have become entitled to the capital and intermediate income thereof on attaining twenty-one years but that any accumulations not applied under such power shall be added to the capital of such share and in case any one or more of the said shares so to be allotted shall fail absolutely to vest under the foregoing trusts then sub
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ject as aforesaid each such share so failing to vest with any accretions thereto so far as not vested or applied under the foregoing trusts or the powers of advancement and maintenance shall go over and be held upon such trusts and for such purposes as would under this my Will have been for the time being subsisting concerning the same in case the child of my said sister in respect of whom such share shall (whether originally or by way of accretion) have been allotted had died in my lifetime without leaving a child or children living at my death.
14. I declare that my American trustees may but with the consent of any person having a previous life interest therein raise any part or parts not exceeding together one half of the expectant presumptive or vested share ofany child of my said sister not having a life interest only or of any grandchildof my said sister under the trusts hereinbefore contained and apply the same for his or her advancement or beneiit as such trustees shall think fit.
15. And I declare that if there shall be no children or other issue of my said sister Emilie Yznaga who shall attain a vested interest in the said legacy of£5,000 or the investments represent
Will and Codicil of Consuclo, Dowager Duchess of 97 Manchester
ing the same whereof trusts are lastly hereinbefore declared the said legacy or the investments representing the same or so much thereof as shall not have become vested or been applied under any of the trusts or powers affecting the same shall fall into and become part of my American residuary estate hereinafter bequeathed.
16. I give devise and bequeath all the real and personal estate to which at my death I shall be 98 entitled or of which I shall have a general power to dispose by will except what I otherwise dispose' of by this my Will or any Codicil hereto unto my General Trustees Upon trust that they shall sell the said real estate if any (including chattels real) and with power to sell the surface and any mines or minerals searately and to make all necessary reservations grantsof way and other rights and powers and shall call in sell or convert into money such part of my personal estate as shall not consist of money And such sale and conversion of my real and personal estate or of any part thereof ofwhatever nature wasting or otherwise or being reversionary or otherwise not producing income need not take place within one year after my death but may he postponed for any period my General Trustees may think proper and the income of my personal estate during the first year after my death shall'be treated as income and not added to the cap'tal and until a sale of the real estate if any including leaseholds my General Trustees shall have full power to manage and cultivate the same and may demise the same and deal with Leases in any manner authorized for tenants for life by the Settled Land Acts 1882 to 1800 or any statutory
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100 Will and Codicil of (Jonsuelo, Dowager Duchess of
Manchester
modification thereof and no messuage thereon shall be deemed a principal Mansion House within the meaning of such Act and the rents and profits ofsuch real estate if any or so much thereof as shall for the time being remain unsold shall after payment thereout of all rates taxes costs of insurance and repairs and other outgoings and the income of my personal estate for the time being remaining unsold although consisting of investments not here
101 inafter authorized or being of a wasting nature shall be paid and applied to the persons and in the manner to or in which the income of the produce thereof is hereinafter directed to be paid and applied And no allowances shall be made in respect of reversionary property or other property not producing income remaining unsold and I direct that my General Trustees shall out of the moneys to arise from the sale and conversion of my said real and personal estate and out of my ready money pay my funeral and testamentary expenses and debts so far as not hereby directed to be paid by my American Trustees and the legacies bequeathed hereby or by any Codicil hereto which shall be directed to be paid out of my general estate and shall stand possessed of the residue of the said moneys upon trust to invest the same in their names or under their legal control in or upon any of the public stocks Funds or Government Securities of the United Kingdom or of any Colony or Dependency of the United Kingdom or the Stocks Shares Bonds Debentures Mortgages or other Capital Funds or Securities of any Company or Corporation or Body or Authority whether Municipal Local Commercial or otherwise in the United Kingdom or any Colony or Dependency of the