1988-06-17 Resolution 8 - Laserfiche WebLink

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Sec. 9.07. Any successor trustee appointed hereunder • shall execute, acknowledge grid deliver to the Authority, and to its predecessor, an instrument accepting such appointment; and thereupon, upon the execution of the same, such successor trustee, without any further actor instruments or deeds of conveyance, shall become vested with all of the assets, powers, rights, duties, trusts and obligations of its predecessor in trust hereunder with like effect as if originally named as trustee herein; but nevertheless,. on the written request of the successor trustee, the trustee ceasing to act shall execute and deliver to such successor trustee all conveyances and .instruments proper to evidence the vesting in the new trustee of the interest and title of the retiring trustee in the trusts hereby created, subject, however, to any lien which the retiring trustee may have pursuant to any provision hereof; and-upon request in writing of any successor trustee, the Authority covenants to make, execute, acknowledge and deliver any and all deeds, conveyances, assignments, or instruments in writing for the more fully and certainly vesting in and confirming to such successor trustee all such assets, property, rights, powers and trusts. ARTICLE X. Supplemental Agreements Sec. 10.01. Without notice to or the consent of any • Bondholders, the Authority and the Trustee may, from time to time and at any time, enter into such agreements supplemental hereto as shall not be inconsistent with the terms and provisions hereof (which supplemental agreements shall thereafter form a part hereof): (a) To cure any ambiguity or formal defect or omission in this Agreement, or in any supplemental agreement, which does not adversely affect the rights of the Bondholders; (b) to grant to or confer upon the Trustee, for the benefit of the Bondholders, any additional benefits, rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the Bondholders or the Trustee, or to make any change which in the judgment of the Trustee, is not to the prejudice of the .Bondholders; (c) to modify, amend or supplement this Agreement to permit the qualification of the Bonds for sale under the securities laws of the United States of America or of any of the states of the United States of America or to obtain or maintain bond insurance with respect to payments of principal of and interest on the Bonds; • (d) to provide for the refunding or advance refunding of the Bonds in whole or in part; -30-'