Will of Ludie Simpson
Contributed by Wanda Snyder
Will - File # M-8000
Last Will and Testament
GEORGIA, GWINNETT COUNTY
I, MISS LUDIE SIMPSON,
of said Sate and County, being of sound and disposing mind do hereby make,
publish and declare this, my Last Will and Testament, hereby revoking all other
Wills heretofore made by me.
ITEM ONE I desire that all
my just debts be paid as soon as practicable by my Executor hereinafter
nominated. I direct that a marble stone like or similar to my mother's be
placed and erected at my grave. I direct that the Sweetwater Cemetery
(Gwinnett County) shall be completed--concreted with marble chips, and a family
monument according to the plan already designed.
ITEM TWO I hereby give and
bequeath to my niece, MRS. BLANCHE SIMPSON WESTBROOK, two hundred and
thirty-one (231) shares of Atlanta Gas Light Company stock, and one hundred and
fifty (150) shares of Affiliated Fund stock.
ITEM THREE I hereby give
and bequeath to my niece, MRS. CECILE SIMPSON CARROLL, two hundred and
thirty-one (231) shares of Atlanta Gas Light stock, and one hundred and fifty
(150) shares of Affiliated Fund stock.
ITEM FOUR I hereby give,
bequeath adn devise to my nephew, GRADY HARRY SIMPSON, two hundred and
thirty-one (231) shares of Atlanta Gas Light Company stock, and one hundred adn
fifty (150) shares of Affiliated Fund stock.
ITEM FIVE I hereby give and
bequeath to the MOUNT CARMEL METHODIST CHURCH, Gwinnett County, Georgia, three
hundred (300) shares of stock in the Southern Company. Said stock shall be kept
intact, and only the income therefrom used.
ITEM SIX I hereby give and
bequeath to the NORCROSS PRESBYTERIAN CHURCH, Gwinnett County, Georgia, three
hundred (300) shares of stock in the Southern Company. Said stock shall be kept
intact, and only the income therefrom used.
ITEM SEVEN I hereby give,
bequeath and devise my homeplace, located at 412 North Peachtree Streeet in the
City of Norcross, Georgia in Gwinnett County, together with all furniture,
furnishings and other personal effects and contents located therein, to my
newhew, LYNTON FRANCIS RAMSEY, for and during his natural life. Upon the
death of my said nephew, said property shall go to his present wife, MARY
STEGALL RAMSEY, if she shall survive him, for and during her natural life.
When said property shall cease to belong to either LYNTON FRANCIS RAMSEY
or his present wife, MARY STEGALL RAMSEY, said property shall go to my
nephew, WILLIAM ROYCE CARROLL, if he be then in life. Upon the
death of said WILLIAM ROYCE CARROLL, or upon the termination of the preceding
estates and his prior death, aid property shall be distributed equally among
the descendants of WILLIAM ROYCE CARROLL, per stirpes. So long as said
property is held by LYNTON FRANCIS RAMSEY, MARY STEGALL RAMSEY, or WILLIAM
ROYCE CARROLL, the same shall not be rented.
ITEM EIGHT I hereby give,
bequeath and devise nine hundred and eighty-seven (987) shares of Delaware Fund
and one hundred and twenty (120) shares of Coca-Cola Company stock to my
nephew, LYNTON FRANCIS RAMSEY, during and for his natural life. The
income from said property, including the proceeds of any capital gains
dividends, shall be used for the purpose of paying taxes, maintaining and
keeping up my homeplace, including the grounds and premises, located at 412 North
Peachtree Street, Norcross, Gwinnett County, Georgia. Upon his death,
said property shall go to MARY STEGALL RAMSEY, his present wife, for and during
her natural life. When LYNTON FRANCIS RAMSEY or MARY STEGALL RAMSEY cease
to live at 412 North Peachtree Street, the said property goes to the NORTH
GEORGIA CONFERENCE OF THE UNITED METHODIST CHURCH. These shares are to be
kept intact and only the income therefrom is to be used for maintaining the
ELIZABETH JANE SANDERS SIMPSON CHAPEL on the Chattahoochee River, Norcross, Gwinnett County, Georgia.
ITEM NINE I hereby give,
bequeath and devise the real estate owned by me which is located between the
property line of W.H. Kent, B.J. Wingo and Mildred C. Stevens, and the Norcross
Women's Club, and exending back to Bartow Street, and containing two (2)
houses, one a brick dwelling known as 43 North Peachtree Street, and the other
a frame dwelling known as 167 Buchanan Street, Norcross, Georgia, to my niece,
JANE SIMPSON HOLBROOK, for and during her natural life. Upon the death of
my said niece, or is she does not survive me, the remainder interest in said
property shall vest in her descendants, per stirpes. During the life of
my nephew, LYNTON FRANCIS RAMSEY, the rentals from the property located at 167
Buchanan Street shall be paid to him for the purpose of helping to finance the
expenses of 412 North Peachtree Street; provided, however, that he shall pay
insurance and taxes. Upon the death of LYNTON FRANCIS RAMSEY, it is my
desire that a portion of the rents from the house located at 167 Buchanan
Street shall be used for the upkeep of MOUNT CARMEL, SWEETWATER and NORCROSS CEMETERIES, Gwinnett County, Georgia.
ITEM TEN It is my desire
that the porch at 167 Buchanan Street by refurbished, that the house at 412
North Peachtree Street be redecorated, and that Four Thousand ($4,000.00) be
expended for reconditioning the Honea House on North Peachtree Street,
Norcross, Georgia. If these items are not taken care of by me during my
lifetime, I direct that my Executor shall accomplish them after my death.
ITEM ELEVEN All the rest,
residue and remainder of my estate, including three hundred and fifty-eight
(358) shares of Affiliated Fund, one hundred and forty (140) shares of Putname
Income Fund, Inc., one hundred and thirty-one (131) shares of Investment
Company of America, one hundred and six (106) shares of United National Corporation,
and sixty (60) shares of State Mutual Securities, I hereby give, bequeath and
devise to the North Georgia Conference of the United Methodist Church.
The annual income from said property is to be used for the maintenance of
the Elizabeth Jane Sanders Simpson Chapel located on the Chattahoochee River, Norcross, Gwinnett County, Georgia.
ITEM TWELVE I hereby name,
nominate, constitute and appoint DR. W.C. BUDD as Executor of this, my Will.
Said Eecutor shall serve without bond, and shall receive the sum of Three
Thousand Dollars ($3,000.00) in lieu of any and other compensation. In
the event that my Executor shall fail or refuse to qualify as such, as having
qualified shall cease to serve as such for any reason, then I name, constitute
and appoint my nephew, WILLIAM ROYCE CARROLL, as Executor of this, my Will, to
serve without bond, and to receive the sum of Three Thousaid Dollars
($3,000.00) in lieu of any and all other compensation.
ITEM THIRTEEN The Executor
under this Will, and any successor, shall hold and manage the estate with the
following powers, which shall be exercised in such reasonable manner as may be
fair and equitable under the circumstances, without order of or report to any
Court:
(a) To select an annual accounting
period, to charge any expense, tax, repair or replacement, either to principal
or income, or apportion the same between income and principal, to determine in
its discretion whether to amortize any premium or accumulate any discount of
investments purchased or sold, and to provide or fail to provide a reasonable
reserve against depreciation or obsolescence for any asset subject to
depreciation or obsolescence. (b) To serve without making and filing inventory
and appraisement, without filing any annual or other returns or reports to any
Court and without giving bond; but shall furnish at least annually a statement
of receipts and disbursements to the income beneficiaries; (c) To exercise all
powers listed in Section 4 ot an Act approved April 17, 1973 (Ga. L., 1973,
pp.846, 847), which powers are hereby incorporated at reference in this Will;
(d) To purchase assets from or to sell assets to any trust created by me during
my lifetime, or to lend money to or borrow money from any such trust at an
adequate rate of interest and with adequate security. The propriety of such
purchase, sale or loan, the amount of such assets purchased or sold, and the
ascertainment of fair value shall be solely with the discretion of the
Fiduciary, and the Fiduciary shall incur no liability as a result or such
purchase or purchases, sale or sales, or loan or loans, whether or not such
assets constitute investments which may be legally made by such Fiduciary, and
whether or not the Fiduciary under this Will and the Trustee under any such
trust are the same person.
IN WITNESS
WHEREOF, I have hereunto set my hand and affixed my seal, to this my Will, this
3rd day of June, 1974.
Ludie
Simpson (Seal)
(etc...)
Probate will Solemn form May 20, 1975.
MINUTES Book OO,p. 174
Gwinnett County Probate Records
APPLICATION TO PROBATE WILL
- No. 8000
GEORGIA GWINNETT COUNTY
TO THE PROBATE COURT OF SAID STATE AND
COUNTY: The application of DR. W.C. BUDD whose post office address is
1850 N. Akin Drive, Northeast, Atlanta, Georgia respectfully shows to the
Court: (1) On April 29k 1975, LUDIE SIMPSON whose place of domicile was 412 N.
Peachtree St., Norcross, Gwinnett, Georgia and whose legal address was (same)
departed this life owning property in Georgia. (2) Decedent during his
lifetime duly and and published a Last Will andn Testament which is being
offered for probate in Solemn Form. Your petitioner is named as the
Executor thereof. (3) Listed below or attached hereto as Exhibit A are all of
decedent's heirs at law, with the age, address, residence and relationship to
decedent set opposite the name of each:
Mrs. Cecile Simpson Carroll - age 65 - 930 N. Peachtree Rd., Norcross - Niece
Mrs. Blanche Simpson Westbrook - age 77 - 155 Cemetery St. Norcross - Niece
Grady Harry Simpson - age 70 - 71 Thrasher St., Norcross - Nephew
Lynton Francis Ransey - age 74 - P.O. Box 222, Norcross, 30071 - Nephew
