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Regarding Issurance of economic development revenue refunding bonds Regency Place Project
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Regarding Issurance of economic development revenue refunding bonds Regency Place Project
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Last modified
5/13/2013 1:13:30 PM
Creation date
10/11/2012 11:14:15 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/9/1992
Ord-Res Number
8314-92
Bill Number
87-92
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i t <br /> shall be full and complete authorization and protection in respect of any action taken, <br /> suffered or omitted by it hereunder in good faith and in reliance thereon; <br /> (f) the Trustee shall be under no obligation to exercise any of the rights or <br /> powers vested in it by this Indenture at the request or direction of any of the holders of <br /> the Bonds pursuant to this Indenture, unless such holders shall have offered to the <br /> Trustee reasonable security or indemnity against the costs, expenses and liabilities that <br /> might be incurred by it in compliance with such request or direction; <br /> (g) the Trustee shall not be bound to make any investigation into the facts or <br /> matters stated in any resolution, certificate, statement, instrument, opinion, report, <br /> notice, request, direction, consent, order or other paper or document, but the Trustee, <br /> in its discretion, may make such further inquiry or investigation into such facts or matters <br /> as it may see fit, and, if the Trustee shall determine to make such further inquiry or <br /> investigation, it shall be entitled to examine the books, records and premises of the Issuer <br /> and the Developer, personally or by agent or attorney; <br /> (h) the Trustee may execute any of the trusts or powers hereunder or perform <br /> any duties hereunder either directly or by or through agents or attorneys but the Trustee <br /> shall be responsible for any misconduct or negligence on the part of such agent or <br /> attorney; <br /> (i) notwithstanding anything to the contrary contained in this Indenture, the <br /> Trustee shall have the right, but shall not be required, to demand, with respect to the <br /> authentication of any Bonds, the withdrawal of any cash, the release of any property, or <br /> any action whatsoever within the purview of this Indenture, any showings, certificates, <br /> opinions, appraisals or other information, or corporate action or evidence thereof, in <br /> addition to those matters required by the terms hereof as a condition of such action by <br /> the Trustee, all as is deemed desirable by the Trustee for the purpose of establishing the <br /> right of the Issuer or the Developer, as the case may be, to the authentication of any <br /> Bonds, the withdrawal of any cash, or the taking of any other action by the Trustee; <br /> (j) the Trustee shall not be required to take notice or be deemed to have <br /> notice of any default hereunder except failure in any of the payments to the Trustee <br /> required to be made by Article IV unless the Trustee shall be specifically notified in <br /> writing of such default by the Issuer or the holders of at least 25% of the Bonds or shall <br /> otherwise have actual knowledge thereof; and <br /> (k) all notices or other instruments required by this Indenture to be delivered <br /> to the Trustee must, in order to be effective, be delivered at the principal corporate trust <br /> office of the Trustee at its Notice Address. <br /> 2975.1 46 <br />
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