Laserfiche WebLink
<br />g3-r- UU605~ <br />hereunder, oz in case it shall he taken under the asntrol of any <br />paiblic officer or officers, or of a receiver appointed by a court, <br />a successor may be appointed by the Owners of a majority in aggre- <br />gate principal amou^.t of Bonds outstanding hereunder by an instru- <br />ment or concurrent instruments in writing signed by such Owners, <br />: or by their attorneys in fact, duly authorized; provided, never- <br />theless, that in case of such vacancy the Issuer by an instrument <br />executed and signed by the Designated Officers of the Issuer under <br />its seal may appoint a temporary trustee to fill such vacancy <br />until a successor trustee shall be appointed by the Bondholders in <br />the manner above provided; and any such temporary trustee so <br />appointed by the issuer shall immediately and without further act <br />be superseded by the Trustee so appointed by such Bondholders. <br />Each such trustee so appointed pursuant to the provisions of this <br />Section 8 shall be a trust company or bank in goad standing, <br />having a reported cagital and surplus of not less than Ors billion <br />Dollars tS1,000,000~, if there be such an institution willing, <br />qualified, and able to accept the trust upon reasonable ae <br />customary terms. <br />aaction ~. every succaa~r-tr~iatse app~3intR.1 f~~R=~~r <br />shall eXecute, acitnowledge~, and de~ivar to its ~r his prede:ceea~rt <br />and also to the2 Issuer and tc~ Lessee an ttstrsint ih ws it i~~ <br />accepting such appointment hereunder, and therevp+~n such auv~~ia- <br />sor, without any further set, deed, or conveyances shall t~m~ <br />fully vested with all the estateu. p~capet~tiea, ri,:lhts, pcwere, <br />trusts, duties, and oktligation~ of its pradeeass~arr Fact ~u~e <br />predeeeaaor shall, nevertheless, on the wrstts~n squeak of cn~t <br />Issuer, or o€ its succassc~r, exa~:ute and del fiver- an inetrus <br />transferring to such succe~asc~r-trustee all the estates, From <br />ties. rights, posers, and trusts o€ such predecessor hereuni;er; <br />and every predec.~as~ar trustee hereunder to its ~uccassor. ~#ul <br />any instrument in writing from the Issuer het required by any <br />;~, successor-trustee far more fully and certainly vesting in such <br />successor the estates, rights, powers, and duties hereby veste49 zjr <br />intended- to be vestec] in the predecessor, a12 such instruments in <br />10-e <br />