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1992-06-18 Resolution 56
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1992-06-18 Resolution 56
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C <br />• Sec. 11.04. This Agreement may be simultaneously executed <br />in several counterparts, each of which shall be an original, and <br />all of which shall constitute but one and the same instrument. <br />Sec. 11.05. With the exception of rights herein expressly <br />conferred, nothing expressed or mentioned in or to be implied from <br />this Agreement or the Bonds is intended or shall be construed to <br />give to any person or company other than the parties hereto and the <br />Bondholders, any legal or equitable right, remedy or claim under <br />or in respect to this Agreement, or any covenants, conditions and <br />provisions herein contained; this Agreement and all of the <br />covenants, conditions and provisions hereof being intended to be <br />and being for the sole and exclusive benefit of the parties hereto <br />and the owners of the Bonds as herein provided. <br />Sec. 11.06. If any provisions of this Agreement shall be <br />held or deemed to be or shall, in fact, be illegal, inoperative or <br />unenforceable, the same shall not affect any other provision or <br />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 />-43- <br />
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