HomeMy WebLinkAbout0285_0100In so event shall the Trustee be liable in any canner
wbatsoever, except for its own Cron* negiligonet or wilful mis`
conduct or negleoU It shall be entitled, at the expense of
the City to advice of counaol in azq and every matter of question.
arising bereund4r., *at oetion taken in avcordanoo with, the advice
of eounsel selooted or approved by it sell conclusively be pre«•
svaesd to be proper *otion.
The recitals of fact contained heroin, and in the
toads issued heroun4er, shall be understood as mtde solely by the
City and not as sa44 or YoAwhed for W tete Truetss. The Trustee
shall have no responsibility for the validity of the lien of this
Indenture* or the szscution or aaknowlodgement thereof, nor as
to the title, value or extent of the security afforded heroby,
aiA shall'be under no abligration to see to the recording, regle-
tra t Lan, filing or re f ilin,g of this ins trume nt • 08 any instrument
of furtlier assurance, or the giving of any notice thereof, or to
see that airy of the property inUAded now or horsaftsr be con+
voyst in trust heroun&sr is satJoeted to that lion hersof, or to
see to the uee or application of the boxuls or their pr0004loo
In the went of the rssignation, refusal* disqualifi-►
oat ion or o the r inability or incapacity of the said Trus to e r then
and io such event, a successor sy be appointed by the holders
of a majority in amount of the bonds then emtsttnding by an rostra -
meat signet by such bondholders art& recorded In the Office of the
County Cleric of e'illiamson County, Texas* but in east no such
appointment shall be wade by the bondholders -within then (10) days
after the occasion for such appointment bas arfsong a now Trusts@
or Trustees may at any time thereafter be selected and appointed
by ant e;Durt of eompe tent jurisdiction in the promises ant upon
tyre application of the City or the bolder of any of *lit bonds, axes
Atpon such, notice as such court shall direct or as shall be In aa+
cordon with the rules and practice of such court, guDh now
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