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O bondholders or by the City. Such notice may be served personally or sent by registered mail. Section 1107. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the City, and signed by the owners of a majority in aggregate principal arrount of bonds outstanding hereunder. Section 1108. In case the Trustee hereunder shall resign or be removed, or be dissolved, or shall be in course of dissolution or liquidation, or otherwise become incapable of acting hereunder, or in case it shall be taken under the control of any public officer or officers, or of a receiver appointed by a court, a successor may be appointed by the owners of a majority in aggregate principal amount of bonds outstanding, by an instrument or concurrent instruments in writing signed by such owners, or by their attorneys in fact, duly authorized; provided , nevertheless , that in case of such vacancy the City by an instrument executed and signed by its Mayor and attested by its City Clerk under its seal, may appoint a tem- porary trustee to fill such vacancy until a successor trustee shall be appointed by the bondholders in the manner above provided; and any such temporary trus- tee so appointed by the City shall immediately and without further act be superseded by the trustee so appointed by such bondholders. Every such temporary trustee so appointed by the City shall be a trust company or bank in good standing, having capital and surplus of not less than Three Million Dollars ($3,000,000), if there be such an institution willing, qualified and able to acceptthe trust upon reasonable or customary terms. Section 1109. Every successor trustee appointed hereunder shall execute, acknowledge, and deliver to its predecessor and also to the City an instrument in writing accepting such appointment hereunder, and thereupon