clause.

child shall, for the time being, be entitled in expectancy under the trusts hereinbefore declared, for or towards the maintenance or education of such child, either directly or to his or her guardians or guardian, without seeing to the application thereof, or requiring any account of the same: Accumulation AND SHALL, during such suspense of absolute vesting, accumulate the residue (if any) thereof in the way of compound interest, by investing the same, and the resulting income thereof, from time to time, in or upon any such stocks, funds, shares, or securities as are hereinbefore mentioned, for the benefit of the person or persons who, under the trusts herein contained, shall become entitled to the principal fund from which the same respectively shall have proceeded, with power for the said trustees or trustee to resort to the accumulations of any preceding year or years, and apply the same for or towards the maintenance or education of the child or children who shall, for the time being, be presumptively entitled to the same respectively. AND IT IS HEREBY DECLARED, that, if there shall be no child of the said intended marriage, who, the preceding being a son, shall attain the age of twenty-one years, or, being a daughter, shall attain that age or marry, then (without prejudice to the trusts hereinbefore declared) the said trustees or trustee shall hold the said trust premises, and the annual income thereof, or so much thereof respectively as shall not have become vested or been applied under any of the trusts or powers herein contained, upon the trusts following; (that is to say), if the said

Disposition in default of children entitled under

trusts.

C. D. shall survive the said A. B., then, after
his death, and such default or failure of children
as aforesaid, in trust for the said C. D.; but if
the said C. D. shall die in the lifetime of the said
A. B. then, after his death, and such default or
failure of children as aforesaid, upon and for such
trusts, intents, and purposes as the said C. D.
shall, notwithstanding coverture, by will or codicil,
appoint; and, in default of such appointment, and
so far as no such appointment shall extend, in
trust for such person or persons as, under the
statutes for the distribution of the effects of in-
testates, would have become entitled thereto at
the decease of the said C. D., if she had died pos-
sessed thereof intestate, and without having been
married, such persons, if more than one, to take
as tenants in common in the shares in which they
would have been entitled under the same statutes.
AND IT IS HEREBY DECLARED, that the receipts Trustees' re-
or receipt in writing of the said trustees or trustee

for
any monies, stocks, funds, shares, or securi-
ties which may be paid or transferred to them or
him in pursuance of these presents, or the trusts
thereof, shall effectually discharge the person or
persons paying or transferring the same there-
from, and from being concerned to see to the
application thereof, or being accountable for the
non-application or misapplication thereof.

ceipt clause.

AND Power to appoint new

IT IS HEREBY DECLARED, that, if the said trus- trustees. tees hereby appointed, or any of them, or any trustee or trustees to be appointed as hereinafter is mentioned, shall die, or be desirous of being dis

Trustees' indemnity clause.

charged, or refuse or become incapable to act, then and so often the said A. B. and C. D., or the survivor of them, or the executors or administrators of such survivor, may appoint any other person or persons to be a trustee or trustees in the stead of the trustee or trustees so dying, or desiring to be discharged, or refusing or becoming incapable to act. AND, upon every such appointment, the said trust premises shall be so transferred that the same may become vested in the new trustee or trustees jointly with the surviving or continuing trustee or trustees, or solely, as the case may require; and every such new trustee shall (either before or after the said trust premises shall have become so vested) have the same powers, authorities, and discretion, as if he had been hereby originally appointed a trustee. AND IT IS HEREBY DECLARED, that the trustees or trustee for the time being of these presents shall be chargeable only with such monies as they or he respectively shall actually receive, and shall not be answerable the one for the other of them, nor for any banker, broker, or other person in whose hands any of the trust monies shall be placed, nor for the insufficiency or deficiency of any stocks, funds, or securities, nor otherwise for involuntary losses; AND that the said trustees or trustee for the time being may reimburse themselves or himself, out of the monies which shall come to their or his hands under the trusts aforesaid, all expenses to be incurred in or about the execution of the aforesaid trusts. IN WITNESS &c.

XXXV.

SETTLEMENT on MARRIAGE of a REVER-
SIONARY INTEREST in Personalty, and
a POLICY of ASSURANCE on the Hus-
band's Life.

THIS INDENTURE, made &c., BETWEEN A. Parties,
B., of &c. [intended husband], of the first part;
C. D., of &c. [intended wife], of the second part;
and E. F., of &c., G. H., of &c., and I. K., of &c.
[trustees], of the third part. WHEREAS, under Recital of the

an indenture dated the

day of

wife's being

and ex- entitled to a reversionary

sum of stock;

pressed to be made between [parties], (being a interest in a
settlement made in consideration of a marriage
shortly after solemnised between the said

and
the father and mother of the said C.
D.), and of an appointment made in exercise of a
power in the said settlement, by a deed-poll dated

the

day of this instant month of

under the hands and seals of the said

and

and

the said C. D. is entitled in reversion expectant on the death of the survivor of the said and -9 and subject to their life interests therein, absolutely to a share, and contingently to other shares, or another share, in the sum of £

- per Cent.

nuities, now standing in the names of

L

Bank An

-of a mar. riage having been agreed

on;

trustees of the said settlement. AND WHEREAS a marriage is intended to be shortly solemnised between the said A. B. and C. D., and upon the treaty for the said intended marriage, it was agreed that the said absolute and contingent share and shares of the said C. D. in the said Bank Annuities should be settled upon the trusts hereinafter -that the hus- declared of the same. AND WHEREAS, in pursuance of a further agreement entered into on the treaty for the said intended marriage, the said A. B. hath effected an assurance on his life, in the names of the said E. F., G. H., and I. K., with Assurance Office, by a policy numbered

band has in

sured his life

in the trustees' names.

Witnesseth.

Assignment by the wife to the trustees

of her rever

the

in the sum of £

premium of £

and under the annual

to the intent that the same

may be settled upon the trusts hereinafter declared
of the same.
Now THIS INDENTURE WITNESS-

ETH, that, in pursuance of the said agreement in this behalf, and in consideration of the said insionary share tended marriage, she the said C. D., with the assent of the said A. B., doth hereby assign unto

of the sum of stock.

the said E. F., G. H., and I. K., their executors, administrators, and assigns, ALL AND SINGULAR the said absolute and contingent share and shares of the said C. D. in the said sum of £

the estate and interest of the said C. D. in the preHabendum. mises, TO HOLD the said premises UNTO the said

In trust.

E. F., G. H., and I. K., their executors, admini

strators, and assigns, subject to the estates for life therein of the said

and

UPON TRUST,