My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1988-06-17 Resolution 6
sbend
>
Public
>
Redevelopment Authority
>
Resolutions
>
1988-1989
>
1988
>
1988-06-17 Resolution 6
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2008 11:35:33 AM
Creation date
7/17/2008 11:35:32 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
52
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />hereunder, or to institute any suit or proceeding to <br />• enforce any covenant or remedy herein provided, or to <br />take any action toward the execution or enforcement of <br />the trusts hereby created, which, in the opinion of the <br />Trustee, will be likely to involve the Trustee in <br />expense or liability, unless the holders of said Bonds <br />or some part thereof shall furnish the Trustee with <br />reasonable security and indemnity against such expense <br />or liability. <br />(g) The Trustee shall be fully protected in acting <br />upon or in accordance with any notice or request, <br />consent, certificate, demand, resolution or other <br />instrument or document believed by the Trustee to be <br />genuine and to have been signed, authorized, executed, <br />certified or sealed by .the proper person or persons; <br />and the Trustee is authorized to accept the certificate <br />of the,Secretary-Treasurer of the Authority, under its <br />corporate seal, if any, to any resolution of the board <br />of directors of the Authority as conclusive evidence <br />that such resolution was-duly and lawfully adopted and <br />is binding upon the Authority. <br />(h) The Trustee, or any officer or director of the <br />Trustee, may acquire and hold Bonds issued hereunder or <br />may engage in or be interested in any financial or <br />.other transaction in which the Authority may be <br />interested, and the Trustee may be depository, trustee, <br />• transfer agent, registrar or agent of the Authority, or <br />for any committee or other body in respect to the <br />bonds, notes, debentures, obligations or securities of <br />the Authority, whether or not issued pursuant hereto. <br />(i) The Trustee may, in relation to any powers or <br />duties imposed upon it by this .Agreement, act upon the <br />opinion~or advice of an attorney, surveyor, engineer or <br />accountant, whether retained by the Trustee or by the <br />Authority, and shall not.be responsible for any loss <br />resulting from any action or non-action in accordance <br />with any such opinion or advice. <br />(j) The Trustee is relieved from filing any <br />inventory., or qualifying under the jurisdiction of any <br />court, or otherwise complying with the provisions of <br />the Uniform Trustees' Accounting Act of 1945,. or with <br />-any laws amendatory thereof or supplemental thereto,. <br />and the provisions of said law are hereby waived. <br />Sec. 9.02. The Trustee agrees to invest funds (subject <br />to Sec. '5.14 hereof) from time to time held by it as Trustee <br />under this Agreement, and apply the interest earned thereon as <br />provided in Article III, but shall not be under any duty or <br />obligation to pay interest on any funds held by, it which cannot <br />practicably be so invested either to the Authority or to the <br />• holder of any Bond, or to any other person; any and all such <br />liability for the payment of such interest being hereby expressly <br />waived. <br />-36- <br />
The URL can be used to link to this page
Your browser does not support the video tag.