Steinback v. Norwood

Citations

• 57 Cal. 647

Syllabus

<p>Construction of Debd—Trust.—In a deed to trustees, the declaration of trust provided as follows: Said trustees shall sell to M. T., and such other nine persons as he may in writing designate, within six months after the said trustees shall have notified him, said M. T., that they have fixed the prices at which they will commence selling the lots and subdivisions of such lands, or certain portions thereof, such of said lots and subdivisions as he or either of them desire to purchase, not exceeding to each one respectively the value of $3,000, etc. In an action of ejectment against M. T. and the parties designated by him to purchase, the defendants claimed the right to purchase portions of a large tract, valued at $100,000, which was one of the subdivisions into which the land had been divided by the trustees. Held, that the defendants could only purchase according to the prices and subdivisions fixed by the trustees.</p>