|
• or co-trustees j ointly with the Trustee of all or any ofthe property subject to the lien hereof,or to act
<br /> as separate trustee or trustee of all or any such property,with such powers as may be provided in the
<br /> instrument of appointment and to vest in such corporation or person or persons as such separate
<br /> trustee or co-trustee any property,title,right or power deemed necessary or desirable. In the event
<br /> that the Issuer shall not have joined in such appointment within fifteen(15)days after the receipt by
<br /> it of a request so to do, the Trustee alone shall have the power to make such appointment. Should
<br /> any deed, conveyance or instrument in writing from the Issuer be required by separate trustee or
<br /> co-trustee so appointed for more fully and certainly vesting in and confirming to him or to it such
<br /> properties, rights,powers, trusts, duties and obligations, any and all such deeds, conveyances and
<br /> instruments in writing shall, on request, be executed, acknowledged and delivered by the Issuer.
<br /> Every such co-trustee and separate trustee shall,to the extent permitted by law,be appointed subject
<br /> to the following provisions and conditions, namely:
<br /> (a) The Bonds shall be authenticated and delivered, and all powers,
<br /> duties,obligations and rights conferred upon the Trustee in respect of the custody of
<br /> all money and securities pledged or deposited hereunder,shall be exercised solely by
<br /> the Trustee; and
<br /> (b) The Trustee,at any time by an instrument in writing,may remove any
<br /> such separate Trustee or co-trustee.
<br /> • Every instrument, other than this Indenture, appointing any such co-trustee or separate
<br /> trustee, shall refer to this Indenture and the conditions of this Article XI expressed, and upon the
<br /> acceptance in writing by such separate trustee or co4rustee, he, they or it shall be vested with the
<br /> estate or property specified in such instrument,jointly with the Trustee(except insofar as local law
<br /> makes it necessary for any separate trustee to act alone), subject to all the trusts, conditions and
<br /> provisions of this Indenture. Any such separate trustee or co-trustee may at any time, by an
<br /> instrument in writing, constitute the Trustee as his, their or its agent or attorney-in-fact with full
<br /> power and authority, to the extent authorized by law, to do all acts and things and exercise all
<br /> discretion authorized or permitted by him,them or it,for and on behalf of him,them or it and in his,
<br /> their or its name. In case any separate trustee or co-trustee shall die,become incapable of acting,
<br /> resign or be removed,all the estate,properties,rights,powers,trusts,duties and obligations of said
<br /> separate trustee or co-trustee shall vest in and be exercised by the Trustee until the appointment of
<br /> a new trustee or a successor to such separate trustee or co-trustee.
<br /> •
<br /> 34
<br />
|