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(D) The Trustee and each Paying Agent shall have alien for its compensation and expenses as in this Section 906 provided, which lien shall be prior and superior to the lien of the Holders of the Bonds. 907. Permitted Acts and Functions. The Trustee and any Paying Agent may buy, own, hold and sell any Bonds, coupons or notes of the Agency, whether heretofore or hereafter issued or created; and may engage or be interested in any financial or other transaction with the Agency, with 1 ike effect and with the same rights it would have if it were not such Trustee or Paying Agent. The Trustee and any Paying Agent may act as Depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders or to effect or aid in any reorgan ization growing out of the enforcement of the Bonds or this Resolution whether or not any such committee shall represent the Holders of a majority in principal alrount of the Bonds then Outstanding. 908. Eligibility for Appointment as Trustee. The Trustee shall at all times be a corporati on organ ized and do ing bus iness under the 1 aws of the United States or the State of California, authorized under such laws to exercise corporate trust powers, having a combined capital and s))rplus of at least Fifty Million Dollars ($50,000,000), subject to supervision or examination by Federal or State authority and having its Principal Office and place of business in the State. If such corporation publishes reports of its condition at least annually, pursuant to law or to the requirements of the Agency supervising or examining authority, then, for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be i ts comb ined capital and surplus as set forth in its mos t recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect below specified. 909. Resignation and Removal; Appointment of Successor Trustee. (A) The Trustee, or any trustee hereafter appointed, may at any time resign by giving written notice of resignation to the Agency, Upon receiving such notice of resignation, the Agency shall promptly appoint a successor trustee to exercise the duties of Trustee. Such successor trustee shall be appointed by written instrument, in duplicate, executed by order of the Agency and signed by an Authorized Officer, one copy of which instrument shall be delivered to the resigning Trustee and one (1) copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within thirty (30) days after the resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Bondholder who has been a bona fide Holder of a Bond or Bonds for at least six (6) months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor trustee. 51 . . . . . .