HomeMy WebLinkAbout0280_0095e �?N is It default shall to wade in the payment
of ar4► Interest hereby asecuredo of it default shall be made In
Us payaaat of any principal hereby scoured, or if any other
dsi'ault shall be vs4o he"=Aer by the City, then 'tbe City, upon
domand of the Trustoo t shall thrthwith surrender to the Trust**
the actual possession of, and it shall be lawful for the Trustee#
by much officer or agent as it my appoint, to take posses lon of
all, tits property hereby econveyed$ or intended to be (with the
books, papers and accounts of the City pertinent to 'emeh, properij) e
and, to hold, operate and manage the same,, and trom tiros to time
to mks all need, repairs, and succheltearations, addItionx and
,IVzo vements as to It shall sena wise, and to restive 'the relater,
incomae,w issues azA ;profits thereof, and out of the same to pay
all, proper costs and expenses of so taking, bolding and masaging
the same, inalu ing reasonable unable compeansa tion to the Trus tee a, its
agents and efcaunsel, &&A any charges of the Trust*# bersuaftr„ and
aaray' InsuraAct premium, and other charges prior to the lien of
these presents* whieah tree Trustee my down it wise to pays adnd
all eapaxwee of such repairwa, alt+erationae„ additions and improve..
wentae, and $* apply the remainder of the money so resolved by It
first to thea payment of the installments of interest which are
tus and unpaid, In the ord*r of their maturity, with interest at
the rate of Six per Gent (d ) per anmn after maturity, anlL
thereafter., If the principal of said bonds is dine, to the pAyment
of said prinelpt and, accrued interest thortan pro rats without
t par'efarenae or prioritj 'whatevere ahenstsr all that is due
upon sunh, bonds and Installments of Interest shall have teen paid,
the Trustoo, shall surrozAcr possession to the City, its suscossors
or assigaosj the *came right at ontry, bow4ver, to exist upon any
au,bse gnus aat Ae. fault.
fvCT 41 If default shall be mads In the payment
of any interest hereby scours&„ or it default shall be made in
the payment of any principal hereby *tenured$, or if any other de -
a