Laserfiche WebLink
• <br />x <br />hereto and the Bondholders, any legal or equitable right, remedy <br />• or claim under or in respect to this Agreement, or any covenants, <br />conditions and provisions herein contained; this Agreement and <br />all of the covenants, conditions and provisions hereof being <br />intended to be and being for the sole and exclusive benefit of <br />the parties hereto and the owners of the Bonds as herein <br />provided. <br />Sec. 11.06. If any provisions of this Agreement shall <br />be held or deemed to be or shall, in fact, be illegal, <br />inoperative or unenforceable, the same shall not affect any other <br />provision or provisions herein contained or render the same <br />invalid, inoperative or unenforceable to any extent whatever. <br />Sec. 11.07. No member, officer or employee of the <br />Authority or of any department or board thereof, shall be <br />individually or personally liable for the payment of the.. <br />principal of or interest or redemption premium on any Bond. <br />Nothing herein contained shall, however, relieve any such member, <br />officer or employee from the performance of any duty provided or <br />required by law. <br />Sec. 11.08. This Agreement-shall be construed and <br />enforced in accordance with the laws of the State of Indiana. <br />Sec. 11.09. The headings or titles of the several <br />Articles and Sections hereof, and. any table of contents. appended <br />to copies hereof, shall be solely for convenience of reference <br />. and shall not affect the meaning, construction,..interpretation or <br />effect of this Agreement. <br />Sec. 11.10. The provisions of this Agreement shall <br />constitute a contract. between the Authority and-the holders of <br />the Bonds, and after the issuance of any Bonds no change or <br />alteration of any kind in the provisions of this Agreement may be <br />made until all of the Bonds have been paid in full as to both <br />principal and interest, or provision for such payment has been <br />made in accordance with Article VIII hereof, except in accordance <br />with Article X hereof. <br />IN WITNESS WHEREOF, SOUTH BEND REDEVELOPMENT AUTHORITY <br />has caused its corporate name to be hereunto subscribed by the <br />President of its Board of Directors, and attested by the <br />Secretary-Treasurer of its Board of Directors, and First. <br />Interstate Bank of Northern Indiana, N.A., as Trustee, has <br />likewise caused these presents to be executed in said Trustee's <br />name and behalf by its and <br />and its corporate seal to be hereunto <br />affixed and attested by its , in token <br />-42- <br />