HomeMy WebLinkAbout0281_0096fault shall be ande hereunder by the City, it shall be lawful
for the Trustee, by such officer or agent as it may appoint*
with or without entry, to sell in any manner authorised by
law all the property and appurtenances hereby conveyed, or ins*
tended to be, or which may be covered 'hereby, or in any manner
wq be s$bjeot to this Indenture, without said property being
at the place of sale, as an entirety, or in such parcels as the
holder of a majority in Interest of the bonds secure& boreb,y
shall in writing request, or in the absence of such request#
an the Trustee may determine, laving first given such notice
of said sale as may be required by law„ and from time to time
adjourn such sale in its discretion without further notiee,
except such as way be required by law, and. upon such sals
to snake and deliver to the purchaser or purchasers a good
and sufficient deed or deeds for the same which shall be a
perpetual bras, both at law and in equity, against the City♦
and, all persons and corporations lawfully claiming, or to
claim, by, through„ or under it*
5�,� bi In case of the breach of any of the eove-w
panto or condition,* of this Indenture, the Trustee shall bare the
right argil power to take appropriate judicial prooee4ings for the
enforcement of its rights and the rights of the bondholders here—
under (the provisions herein as to entry and sale beim intended
as, and are,, OwwAstive and not exclusive of the ordinary remedies
of morVage in ease of default or breach of condition)* In case
any such breach,, should the Trustee xef se or neglect to take
action., either bj such proceedings, or by the exercise of its
powers with respect to entry or sale, ars it may determine, upon
being requested in writing so to do bly a majority interest of
holders of said bands then outstanding, and upon being indemnified
to its satisfaction by said bondholders "inst expezoe and lis.
bilitye any bondholder shall be entitled, to take area such pro,.*
oeedings within five "yo after such request and Mender of In—
demnity, as aforesaid.
93.