
    In the Matter of the Accounting of Henry B. Bolton et al., as Executors of Ann Bolton, Deceased. Henry B. Bolton et al., as Executors, etc., Resp’ts, v. Sarah L. Myers et al., App’lts.
    
    
      (Court of Appeals,
    
    
      Filed May 28, 1895.)
    
    Will—Construction.
    Where the executors were empowered to sell any and all of the testator’s land when in their judgment they might deem it for the best interest of "the estate, and they sold the real estate and paid in discharge of testator’s debts a sum in excess of that realized from the personalty, it was held, in proceedings for the final accounting, that, before distributing the proceeds of the sale among the residuary devisees, they were' entitled to reimburse themselves therefrom for the sum so paid in excess of the personalty, and to a credit for that sum, without regard to the question as to whether the power of sale was given for the purpose of paying debts.
    Appeal from judgment of the general term of the supreme court in the second judicial department, entered upon an order, which reversed a judgment entered upon a decree of the surrogate of Westchester county settling the accounts of the executors of Ann Bolton, deceased.
    
      James R. Marvin, for app’lts ; Alex. Thain, for resp’ts.
    
      
       Affirming 64 St. Rep. 142.
    
   O’Brien, J.

In this proceeding it was held by the learned surrogate that the executors were not entitled to reimburse themselves out of the proceeds of the sale of real estate in their hands for the amount paid by them in discharge of the debts of the testatrix over and above the sum realized for that purpose from the personal estate. The testatrix died September 27, 1882, and letters were granted to the executors in November following. In November 1892, the executors accounted and by the decree then entered it was adjudged that.the estate was indebted to them on account of debts of the testatrix paid by them in default of personal assets in the sum of about $4,000.

Subsequently there came to the hands of the executors a large sum received from the sale of certain real estate of the deceased, •and the present accounting was in regard to that fund, and the •executors claim that they should be allowed to retain sufficient of it to pay the debt due to them from the estate.

The provisions of the will are as follows: After paying debts a bequest of certain household furniture to her daughter. Then a •devise to her son of the house in which he lived. The executors were directed to invest $1,500, the interest upon which was to be paid to a church, and to expend a reasonable sum in erecting a monument and putting the family cemetery in order. Then follows the power of sale in the following terms : “ And I also give power and authority to my executors to sell any and all of my ■real estate, either at public or private sale, whenever in their judgment they may deem it for the best interest of my estate, and to give good and sufficient deed or deeds of conveyance for the same.”

The residue of the estate was then bequeathed to her children. In the courts below the right of the executors to enforce their ■claim in this proceeding is made to depend upon the scope and character of this power. It has been assumed in both courts that unless this can be regarded as a power to the executors to sell real estate for the payment of debts, then the proceeds of the sale must •still be regarded as real estate, and distributed to the devisees or persons who take the real estate under the will.

The learned general term, reversing the surrogate, was of the opinion that it should be treated as a power of sale for the purpose of paying debts, upon the doctriiie of the Gantert case, 136 N. Y. 109 ; 48 St. Rep. 889. If it was necessary to establish that proposition there would be great difficulty in sustaining the judgment. But we think it is not material to determine the character of the power.

It was certainly a general power, and conferred authority upon the executors to convey the land and receive the proceeds. That power has been actually executed. They have conveyed the land, have received the purchase price, and tlie same is in their hands. There is no other way in which creditors can now reach the land except by proceedings for an accounting. The realty has in fact been converted into personalty, and it is in the hands of the executors for all purposes of administration. Before distributing this fund to the residuary devisees they may pay the balance of the testator’s debts, or what is the same thing, reimburse themselves for the debts they have paid in excess of the personal estate that came to their hands. Erwin v. Loper, 43 N. Y. 54; Matter of Hood. 85 id. 561 ; Glacius v. Fogel, 88 id. 434; Matter of Powers, 124 id. 361; 36 St. Rep. 347 ; Matter of Gantert, 136 N. Y. 109 ; 48 St. Rep. 889 ; Cahill v. Russell, 140 N. Y. 402; 55 St. Rep. 805.

In this view we think the judgment of the general term was-right, and should be affirmed, with costs.

All concur.

Judgment affirmed.  