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1980-075 CRA
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1980-075 CRA
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Last modified
1/3/2012 12:23:08 PM
Creation date
3/8/2005 11:38:49 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1980-75
Date
7/1/1980
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<br />ARTICLE XV <br /> <br />MISCELLANEOUS <br /> <br />1501. Preservation and Inspection of Oocuments. All documents received <br />by the Trustee or any Paying Agent under the provisions of this Resolution or <br />any Supplemental Resolution, shall be retained in its possession and shall be <br />subject at all reasonable times to the inspection of the Agency, the Trustee, <br />or any Paying Agent, and, upon written request of not less than five percent <br />(5%) in principal amount of the Holders of the Outstanding Bonds, Bondholders <br />and their agent and representatives, any of whom may make copies thereof. <br /> <br />1502. Destruction .0fBondsand Coupons. Any Bonds purchased or <br />redeemed by the Trustee under this Resolution shall be cancelled by the <br />Trustee. Whenever in this Resolution provision is made for the cancellation <br />by the Trustee and the delivery to the Agency of any Bonds or any coupons, <br />including 80nds cancelled under the first sentence of this Section, the <br />Trustee may, upon request of the Agency (evidenced by an Officer's <br />Certificate), in 1 ieu of such cancellation and del ivery, destroy such Bonds <br />and coupons (in the presence of an officer of the Agency, if the Agency shall <br />so require) and deliver a .certificate of such destruction to the Agency. <br /> <br />1503. Parties of Interest. Nothing in this Resolution or in any <br />Supplemental Resolution adopted pursuant to the provisions hereof, expressed <br />or implied, is intended to or shall be construed to confer upon or to give any <br />person or party other than the Agency, Trustee, Paying Agents and the Holders <br />of the Bonds and coupons appertaining thereto any rights, remedies or claims <br />under or by reason of this Resolution, any Supplemental Resolution or any <br />covenants, stipulations, premises, agreements or obligations thereof; and all <br />covenants, stipulations, promises, agreements and obligations in this <br />Resolution or any Supplemental Resolution contained by or on behalf of the <br />Agency sh all be for the sole and exc 1 us ive benefit of the Agency, Trus tee and <br />Paying Agents and the Holders from time to time of the Bonds and the coupons <br />appertaining thereto. <br /> <br />1504. No Recourse Under Resolution or on Bonds. All covenants, <br />stipulations, promises, agreements and obligations of the Agency contained in <br />this Resolution and in any Supplemental Resolution shall be deemed to be the <br />covenants, stipulations, promises, agreements and obligations of the Agency <br />and not of any member, offi cer or employee of the Agency in his indi v i dua 1 <br />capacity, and no recourse shall be had for the payment of the principal or <br />Redemption Price of or interest on the 80nds or for any claim based thereon or <br />on this Resolution and any Supplemental Resolution against any member, officer <br />or employee of the Agency or any person executing the Bonds. <br /> <br />1505. Survival of Covenants. The obligation of the Agency under <br />Section 905 shall survive payment and cancellation of the Bonds and defeasance <br />pursuant to Section 1401. <br /> <br />69 <br /> <br />. <br /> <br />. <br /> <br />. <br />-- <br /> <br />t- , <br />
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