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1994-06-21 Minutes
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1994-06-21 Minutes
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the sufficiency of the security for the Bonds issued hereunder or <br />• intended to be secured hereby, or for the value or title of the <br />property herein conveyed or otherwise as to the maintenance of the <br />security hereof. <br />(c) The Trustee shall not be accountable for the use or <br />application by the Authority of any of the Bonds or the proceeds <br />thereof or for the use or application of any money paid over by the <br />Trustee in accordance with the provisions of this Indenture or for <br />the use and application of money received by the Tender Agent or <br />any Paying Agent (except when the Trustee acts as Tender Agent or <br />Paying Agent). <br />(d) The Trustee shall be protected in acting upon any <br />notice, order, requisition, request, consent, certificate, order, <br />opinion (including an opinion of Independent Counsel), affidavit, <br />letter, telegram or other paper or document in good faith deemed <br />by it to be genuine and correct and to have been signed or sent by <br />the proper person or persons. Any action taken by the Trustee <br />pursuant to this Indenture upon the request or authority or consent <br />of any person who at the time of making such request or giving such <br />authority or consent is the owner of any Bond, shall be conclusive <br />and binding upon all future owners of the same Bond and upon Bonds <br />issued in exchange therefor or in place thereof. <br />(e) As to the existence or non-existence of any fact or <br />• as to the sufficiency or validity of any instrument, paper or <br />proceeding, the Trustee shall be~ entitled to rely upon a <br />certificate signed on behalf of the Authority by its President or <br />its Vice President as sufficient evidence of the facts therein <br />contained and prior to the occurrence of a default of which the <br />Trustee has been notified as provided in subsection (g) of this <br />Section, or of which by said subsection it is deemed to have <br />notice, may accept a similar certificate to the effect that any <br />particular dealing, transaction or action is necessary or <br />expedient, but may at its discretion secure such further evidence <br />.deemed necessary or advisable, but shall in no case be bound to <br />secure the same. The Trustee may accept a certificate of the <br />Secretary-Treasurer of the Authority to the effect -that a <br />resolution in the form therein set forth has been adopted by the <br />Authority as conclusive evidence that such resolution has been duly <br />adopted, and is in full force and effect. <br />(f) The permissive right of the Trustee to do things <br />enumerated in this Indenture shall not be construed as a duty and <br />the Trustee shall not be answerable for other than its negligence <br />or willful default. <br />(g) The Trustee shall not be required to take notice or <br />be deemed to have notice of any default hereunder, other than an <br />Event of Default under clause (a), (b), (c), (d), or (e) of <br />Section 902 hereof unless the Trustee shall be specifically <br />• 88 <br />
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