J.P. Alexander
Exprss trusts..... put the legal ESTATE entirely in one or more (persons), while others have a beneficial interest in and out of the same, but are neither partners nor agents. This SIMPLE, adequate, common law right, any person or group of persons sui juris may exercise. The trustees issuing certificates of beneficial interest divided into shares as well as issuing bonds and other OBLIGATIONS as freely as they open a bank account, have a pass book, draw and circulate checks or make whatever contractual relations are allowed to persons as a natural right.