1990-05-15 Resolution 22 - Laserfiche WebLink

Home Browse Search

• unenforceable, the same shall not affect any other provision or provisions herein contained or render the same invalid, inoperative or unenforceable to any extent whatever. Sec. 11.07. No member, officer or employee of the Authority or of any department or board thereof, shall be individually or personally liable for the payment of the principal of or interest or redemption premium on any Bond. Nothing herein contained shall, however, relieve any such member, officer or employee from the performance of any duty provided or required by law. Sec.. 11.08. This Agreement shall be construed and enforced in accordance with the laws of the State of Indiana. Seca 11.09. The headings or titles of the several Articles and Sections hereof, and any table of contents appended to copies, hereof, shall be solely for convenience of reference and shall not affect the meaning, construction, interpretation or effect of this Agreement. Sec. 11.10. The provisions of this Agreement shall constitute a contract between the Authority and the holders of the Bonds, and after the issuance of any Bonds no change or alteration of any kind in the provisions of this Agreement may be made until all of the Bonds have been paid in full as to both principal and interest, or provision for such payment has been made in accordance with Article VIII hereof, except in accordance with Article X hereof. IN WITNESS WHEREOF, SOUTH BEND REDEVELOPMENT AUTHORITY has caused its corporate name to be hereunto subscribed by the President of its Board of Directors, and attested by the Secretary-Treasurer of its Board of Directors, and First Interstate Bank of Northern Indiana, N.A., as Trustee, has likewise caused these presents to be executed in said Trustee's name and behalf by its Vice President and Trust Officer, and its corporate seal -45-