IN RE: THOMAS RAFFLES JOB. DECEASED
I/ Thomas Raffles Job of Liverpool Merchant hereby revoke all former
wills codicils and testamentary instruments made by me and declare this
to be my last will
1/ I appoint my sons William Carano Job, Samuel Ernest Job, Thomas
Bulley Job and my son in law Robert Ker Terine hereinafter called "my trustees"
Executors and Trustees of this my Will
2/ I give to my daughter Mildred if a Spinster at the time of
my decease the use of my household furniture and effects and articles of
personal or domestic or household use or warrant for life or so long as
she shall remain unmarried and on her death or marriage whichever shall
first happen the same shall fall into and form part of my residuary estate.
3/ I give to my said daughter Mildred the sum of three
hundred pounds free of duty to be paid to her immediately after my decease
for her immediate requirements
4/ I give devise and bequeath all the rest of my property
both real and personal of which I may have any disposing power at the time
of my decease [hereinafter called my residuary estate] unto my Trustees
Upon Trust that my trustees shall sell call in collect and convert the
same into money at such time or times and in such manner as they shall
think fit as But as to Reversionary property not until it falls into possession
unless it shall appear to my trustees that an earlier sale would be beneficial
and so that they shall have the fullest power and discretion to postpone
the sale calling in or conversion of the whole or any part or parts of
the said premises during such period as they shall think proper without
being responsible for loss and shall out of the earnings to arise from
the sale calling in and conversion of or forming part of my said estate
pay my funeral and testamentary expenses and debts and subject thereto
shall stand possessed thereof Upon Trust thereout to pay the following
legacies viz
[a] To my grandson Thomas Warren Job the sum of two thousand
pounds [b] To the Bishop Field College St.
John's Newfoundland the sum of five thousand dollars for the purpose of
establishing a scholarship to be called "The Job scholarship" such sum
to be invested in the names of the director of other(?) the foregoing body
for the time being of the said College and the income arising therefrom
applied in such manner as the governing body shall in their discretion
think proper
[c] To the Technical School at St. John's Newfoundland
the sum of five thousand dollars for the purpose of inaugurating or furthering
the teaching of chemistry in the said School and I direct that the said
sum of five thousand dollars and the income resulting therefrom shall be
applied in accordance with a scheme which shall have been previously approved
of by my son Robert Brown Job
[d] To the Church of England orphanage at St. John's
Newfoundland the sum of Two thousand dollars
[e] To the Wesleyan Methodist orphanage at St. John's
Newfoundland the sum of Two thousand dollars
[f] To the Roman Catholic orphanage at St. John's
Newfoundland the sum of Two thousand dollars
5/ I declare that if my said grandson Thomas Warren Job
shall not have attained the age of twenty one years at the time of my decease
the sum of Two thousand pounds hereinbefore given to him maybe paid to
his parent or guardian whose receipt for the same shall be a sufficient
discharge therefor
6/ Subject as aforesaid I direct my trustees to stand possessed
of my residuary estate upon trust for all my Children in equal shares
7/ If the share to which my said daughter Mildred shall
become entitled in my residuary estate shall not be sufficient to yield
her an annual income of seven hundred pounds then and in such case if my
said daughter shall be a Spinster I direct my trustees to set aside and
appropriate so much of my estate as in its then state of investment will
yield a yearly sum which with the income from her share of my residuary
estate will make up the income of my said daughter to seven hundred pounds
per annum and the income from that part of my residuary estate so set aside
and appropriated shall be paid to my said daughter during her Spinsterhood
and subject thereto so much of my estate as shall have been so set aside
and appropriated shall form part of my residuary estate
8/ I declare that my trustees shall hold the share to which
my daughter Fanny Isabel Taylor shall be entitled in my residuary estate
upon trust to invest the same in any investments hereby authorized and
shall during the life of such daughter pay the income of her said share
to her and so that during Coverture the same shall be for her separate
use without power of anticipation and shall after the death of such daughter
hold the said share upon trust for all or any child or children of such
daughter who being a son or sons shall attain the age of twenty-three years
or being a daughter or daughters attain that age or marry and if more than
one in equal shares
9 Whereas on or shortly prior to the eleventh day of May
one thousand nine hundred and nine I advanced to my four sons and partners
the sum of Twenty four thousand pounds in equal proportions of Six thousand
pounds each. Now I declare that such sums were intended by me as
absolute gifts and have been so treated by me and I declare that nothing
is now due to me from my said sons in respect of such advances and no claim
shall be made against them or the estates of any of them who may be dead
in respect thereof and the said amounts shall not be brought by them or
any of them into hotchpot or accounted for in the distribution of my residuary
estate
10/ I authorized my trustees in their absolute discretion
to invest any part of my estate requiring investment in any mode of investment
for the time being authorized by law for the investment of trust funds
and also in or upon the public stocks of any British Colony or Dependency
or in mortgages of property in such Colony or Dependency or in or
upon the ordinary stocks or shares of any company in Great Britain whether
inviting liability or not
11/ Provided nevertheless and I declare that notwithstanding
anything heretofore contained it shall be lawful for my trustees in their
absolute discretion and without being answerable for loss to allow the
whole or any part of my capital invested in Job Brothers & Co. Limited
of St. John's Newfoundland and in W.&S. Job & Co. New York
including any money lent on loan at the time of my decease to remain invested
therein for such period as they may in their discretion think proper but
it is nonetheless my wish that not more than one half
of the share or interest to which any daughter of mine shall be entitled
under this my will shall remain invested in ordinary share of such company
or companies
12/ I declare that my trustees shall have absolute
power from time to time to vary all or any of such investments as aforesaid
into or for others of a like nature
13/ I authorized my trustees if they shall in their discretion
think fit to permit the whole or any part of the amount which in taking
the partnership accounts shall appear to be due to my estate as and for
any share and interest in any partnership business in which I may be engaged
at my decease to remain in the said business on the footing of a loan for
such period as they may think proper upon the terms of receiving interest
for the same at the rate of not less than five per centum per annum and
upon such other terms in all respects as may by my said trustees be deemed
proper and expedient Provided that at the end of one year from my death
a sum equal to one twelfth of my capital is any such business [or
any less sum if my trustees in their discretion deem it advisable] shall
be withdrawn and paid to my trustees at the end of the second year another
sum of the same amount [or less as aforesaid] and so on until so much money
has been received by my trustees as will with my estate not engaged
in any partnership business satisfy the shares of all my children who are
not engaged in such business and I direct that the shares of my children
not engaged in such business shall as far as possible first be satisfied
out of that part of my estate which is not invested in my partnership business
14/ Subject as aforesaid I direct that the amount which
may be found due by my estate as aforesaid or any part thereof may be allowed
to remain in the said business or businesses or companies as aforesaid
notwithstanding that my trustees or any of them may be engaged or concerned
therein and notwithstanding any change from time to time and the persons
carrying on the same for in the character of the business and my trustees
shall not in anywise be responsible for any loss thereby occasioned
15/ I further direct that if at any time after my death any business
in which any part of my trust estate may remain on the basis of a loan
under the provisions above recited shall be turned into a limited liability
company then my trustees may accept debentures or fully paid up preference
or indiciary(?) shares in such company in lieu of and in satisfaction for
the whole or any part of any moneys remaining owing to my estate
by such business and whether such debentures or shares shall yield an income
of five per centum per annum or int and I direct that my trustees may hold
the same although not an investment authorized by my will without being
responsible for loss
16/ I declare that all the assets rents profits and income arising
from my estate real or personal until the sale calling in and conversion
thereof in whatsoever condition or state of investment the same may be
and whether consisting of investments of an authorized character or rent
[including leaseholds or other property of a terminable or decaying out
nature] shall for all the purposes of this my will ace(?)d as between all
persons interested hereunder and as well during the first year after my
death as afterwards be applied as if the same were income arising from
the proceeds of such sale calling in or conversion or the investments of
such parcels no part thereof being liable to be retained as capital but
that no residuary or other property not actually producing income shall
be treated as producing income for the purposes of this my will
17/ And I also empower my trustees at any time or times
with the consent in writing of such of my said children as shall be then
living in the majority - in number of them to appropriate any part of my
residuary estate whether real or personal in or towards satisfaction of
any share thereof with power for that purpose conclusively to determine
values in such manner as they shall think fit
18/ I declare that my trustees may exercise or concur in
exercising all forms and discretions hereby or by law given to them notwithstanding
that they or any of them may have a direct or other personal interest in
the mode or result of exercising any such power or discretion
19/ I declare that all legacies given by my will shall
be free of duty, In witness whereof I have to this my last will contained
in this and the five preceding sheets of paper set my hand this 21st day
of February one thousand nine hundred and seventeen Thos. R. Job.
Signed by the said Thomas Raffles Job the testator as and for his last
will in the presence of us both present at the same time who at his request
in his presence and in the presence of each other have hereunto subscribed
our names as witnesses Esther Haskell, Mary E. Carrington
Correct Charles H. Emerson
Registrar of the Supreme Court of Newfoundland.
(Listed in the margin next to this will the following)
Fiat
May 29/18
Kent J
Re-sealed
Aug 10/18.
Estate sworn
at $252,457.75
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