Will of William G. Scott
Wayne County, Indiana, November 23, 18976498
I, William G. Scott, of Wayne County, State of Indiana, do make this my last will and testament.
Item 1. I bequest to my wife, Clara A. Scott, Six thousand dollars, to be paid to her immediately after my death, out of money on hands, or out of the first money that can be collected by my Executors, and that she shall, if she desires, occupy as a residence my house on the corner of Tenth and North "B" Streets, Richmond, Indiana, with all the furniture and other articles therein for one year or any less period after my death without the payment of rent or taxes. I also bequeath to my said wife all the pictures in said house and all the horses and carriages and harness of which I shall die possessed, and as much of the household furniture therein as she may select. It is my will that my said wife shall have the privilege of purchasing the said house and lot any time before the expiration of one year after my death for the sum of Sixteen thousand dollars, and if she shall not purchase the same within said period, it is my will that my daughter, Helen L. Dougan, shall have the right, at any time within thirty days after one year after my death, to purchase said house and lot and all the household furniture not selected and taken by my wife, and the heating boiler, radiators and chandeliers for the sum of Sixteen Thousand Dollars, and if neither my wife or daughter shall purchase said house and lot, then the said house and lot and all other real estate owned by me at my death shall be sold by my executors as hereinafter provided. I would prefer, however, that it should remain in the family.
Item 2. I bequeath to my said wife and my said daughter all the shares of the capital stock of the corporations of Gaar, Scott & Co., The Second National Bank of Richmond, Indiana, The Wayne Works, The Richmond Natural Gas Company and the shares of the capital stock of all other corporations of which I may be the owner at my death; the capital stock of each corporation to be equally divided between them.
Item 3. I bequeath to John B. Dougan and William J. Robie whom I appoint as trustees for the purpose, the sum of Eight Thousand dollars, to be paid to them within one year after my death, to be held by them in trust and loaned upon real estate security and the interest collected annually, and after the payment of taxes on said principal sum, the said interest to be paid annually to Eliza Scott, widow of my brother John Scott, during her life, and at her death, the said annual interest, after payment of taxes to be paid to her daughter, Elizabeth Miller, during her life, and at her death, the principal to be paid to the children of said Elizabeth living at my death.
Item 4. I bequeath to said John B. Dougan and said William J. Robie, whom I constitute trustees for the purpose, the sum of Ten Thousand Dollars, to be paid to them within one year after my death, to be held by them in trust, to loan the same on real estate security, and the interest collected annually to be paid, after payment of all taxes, to my sister Margaret Sayre, during her life and at her death, the interest thereof, after the payment of taxes, to be paid to William A. Sayre annually during his life and if he should die before his wife, then to his wife during her life, and at the death of said William A. Sayre and his wife, the principal shall be paid to and become the property of the children of said William A. Sayre living at my death.
Item 5. I bequeath to said John B. Dougan and William J. Robie, whom I constitute trustees for the purpose, the sum of Eight Thousand Dollars to be paid to them within one year after my death, to be held by them in trust to loan the said sum on real estate security and collect the interest annually, and after the payment of the taxes, on the said principal, to pay the same to my brother, James A. Scott, during his life and at his death to pay the principal as follows, to wit: To my nephew George L. Scott, three thousand dollars, and to each of my nieces, the children of my brother Thomas L. Scott, to wit: Blanch Scott and Della Scott, the sum of twenty five hundred dollars.
Item 6. I will and bequeath to each of my nieces and nephews and other children of Thomas L. Scott, to wit: William, Harrison, Inez, Almeda and Lena, the sum of two thousand dollars.
Item 7. I bequeath to John B. Dougan and William J. Robie, whom I appoint trustees for the purpose, the sum of Thirty thousand dollars to be held by them in trust, to be loaned by them on real estate security, and the interest collected annually, and after paying the taxes on the principal, to pay the said interest to Eleanor Scott, widow of my son, Charles E. Scott, deceased, for the period of ten years, and at the expiration of that period, twenty thousand dollars thereof shall be paid by my Executors to her to become her absolute property and the annual interest on the remaining ten thousand shall be paid to her during her life, and at her death Five thousand dollars shall be paid to "The Board of Foreign Missions of the Presbyterian Church in the United States of America" and Five thousand dollars thereof to "The Missionary Society of the Methodist Episcopal Church," to which charitable institutions I severally bequeath the said sums.
Item I. I hereby appoint John B. Dougan and William J. Robie the Executors of this will, and I desire that they shall not be required to give bond as trustees or Executors or be required to file and Inventory and I hereby empower them to sell and convey all the real estate of which I shall die the owner at public or private sold at such time or times, and upon such terms as to them may seem to the best interest of my estate, subject, however, as to the house and lot at the corner of Tenth and North "B" Streets, to the provisions of Item number One of this will. If either John B. Dougan or William J. Robie shall die before the full execution of their trust as trustees or the final settlement of said estate, all the powers herein given and duties herein imposed upon the two shall devolve upon the person whom the Wayne Circuit Court shall appoint as their successor and it is my will that said John B. Dougan and William J. Robie shall be paid out of my estate One thousand dollars each as compensation for their services as such trustees and executors.
Item 9. All the residue of my property of whatever description of which I may die the owner, or which may come into the hands of my Executors upon the termination of any life estate above created, I bequeath and devise to my said wife and my said daughter to be equally divided between them, and I hereby authorize my Executors to make partial distribution to my said wife and my said daughter at any time after their appointment, being careful to make due provision for the specific bequests herein above contained, and may in such partial distribution, assign, and transfer to each a portion or all of the promissory notes secured by mortgage or otherwise, of which I may die the owner, or which my be executed to them for the purchase money of real estate or otherwise, and in making distribution of said promissory notes, my Executors shall take into consideration the rate of interest of which the several notes bear, and the comparative certainty of payments or collection, and divide the same between my said wife and daughter as nearly equal in value as can be done.
In witness whereof, I have hereunto set my hand and seal this 9th day of July, 1896.
Wm. G. Scott
