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1990-12-17 Resolution 27
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1990-12-17 Resolution 27
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7/17/2008 2:10:21 PM
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. provisions herein contained or render the same invalid, inoperative <br />or unenforceable to any extent whatever. <br />Sec. 11.07. No member, officer or employee of the Authority <br />or of any department or board thereof, shall be individually or <br />personally liable for the payment of the principal of or interest <br />or redemption premium on any Bond. Nothing herein contained shall, <br />however, relieve any such member, officer or employee from the <br />performance of any duty provided or required by law. <br />Sec. 11.08. This Agreement shall be construed and enforced <br />in accordance with the laws of the State of Indiana. <br />Sec. 11.09. The headings or titles of the several Articles <br />and Sections hereof, and any table of contents appended to copies <br />hereof, shall be solely for convenience of reference and shall not <br />affect the meaning, construction, interpretation or effect of this <br />Agreement. <br />Sec. 11.10. The provisions of this Agreement shall <br />constitute a contract between the Authority and the holders of the <br />Bonds, and after the issuance of any Bonds no change or alteration <br />of any kind in the provisions of this Agreement may be made until <br />all of the Bonds have been paid in full as to both principal and <br />interest, or provision for such payment has been made in accordance <br />with Article VIII hereof, except in accordance with Article X <br />• hereof. <br />IN WITNESS WHEREOF, SOUTH BEND REDEVELOPMENT AUTHORITY has <br />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 Society Bank, <br />Indiana, as Trustee, has likewise caused these presents to be <br />executed in said Trustee's name and behalf by its Vice President <br />and Trust Officer, and its corporate seal to be hereunto <br />• -45- <br />
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