Macken Estate Act 1910 (NSW)

Mackey Beare, An Act to enable the executors and the trustees

Preamble,

for the time being of the will of James Joseph Macken to invest certain moneys belonging to the estate of the said James Joseph Macken in the purchase of shares in "Mark Foy's, Limited," and to retain the shares so purchased as investments of the funds of the said estate; to extend the powers of investment conferred by the said will upon the said trustees; and for other purposes. [19th August, 1910. ]

HEREAS James Joseph Macken of Sydney, in the State of

New South Wales, draper, now deceased, duly made his last

will and testament, bearing date the ninth day of April, one thousand eight hundred dnd ninety-one, whereby he devised and bequeathed all his real and personal estate unto his wife, Alice Macken, and Mark Foy, his brother-in-law, their heirs, executors, administrators, and assigns, upon trust that his said wife and the said Mark Foy, or the survivor of them, or the heirs, executors, or administrators of 'such survivor, or other the trustees or trustee for the time being of that his will (thereinaftcr and hereinafter referred to as the said trustees or

_ trustee) should at such time and, in such manner as his said trustees

or trustee should in their, his, or her absolute discretion think fit, sell, call in, and convert into money the same or such part thereof as

_ should not consist of money; and should, out of the money produced

thereby, and out of such part of his personal estate as should consist of money, pay all his just debts, funeral and testamentary expenses, and legacies, and should invest the residue of the said moneys in some

' or one of the modes of investment thereinafter authorised, with power

for his trustees or trustee from time to time at their discretion to vary the said investments for others of the same or a like nature, and should