which I shall have any power of appointment (hereinafter,
and heretofore in Article Second and Third of this Will,
referred to as "my residuary estate"), I give, devise and
bequeath to my son, James Roosevelt, and my friends, Basil
O'Connor, Esq., of 120 Broadway, New York, N. Y., and Henry
T. Hackett, Esq., of Poughkeepsie, N.Y., In Trust
Nevertheless, to hold, manage, sell, exchange, invest and
reinvest the same, and every part thereof, and to collect,
recover and receive the rents, issues, profits, interest
and income thereof (hereinafter referred to as "income"),
and, after deducting the commissions of the Trustees and
the proper and necessary expenses in connection with the
administration of the trust, to apply the balance of the
income and distribute the principal of the trust fund,
after deducing the Trustees' commissions thereon, in the
amounts and manner hereinafter in this Article Eighth
provided.
 
     (A) If my said wife shall survive me, the Trustees
shall first pay to her one half (1/2) of the net income of
the trust fund, in quarterly instalments, and they shall
also pay to her annually the balance, if any, of the net
income of the trust fund remaining after making the
payments
provided for in Paragraph (B) of this Article Eighth, for
and during the term of her natural life.
 
     (B) During the lifetime of my said wife, if she shall
survive me, the Trustees shall pay out of the remaining one
half (1/2) of the net income of the trust fund to or for
the account of my friend, Marguerite A. Le Hand, such sum
or sums, at such time or times and in such manner as my
Trustees, in their sole discretion, shall deem necessary
and reasonable to discharge expenses incurred or which may
be incurred by or for the said Marguerite A. Le Hand for
medical attention, care and treatment during her lifetime.
The Trustees are also authorized, but not directed, to pay
out of the said remaining one half (1/2) of the net income
of the trust fund to or for the account of the said
Marguerite A. Le Hand, during the lifetime of my said wife,
such sum or sums not exceeding a total of One Thousand
Dollars ($1,000.00) per annum, at such time or times and in
such manner as my Trustees, in their sole discretion, shall
determine for maintenance and living expenses of the said
Marguerite A. Le Hand. If the said Marguerite A. Le Hand
shall
 
FDR
 
 
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