Ordinance 1858-92 - Laserfiche WebLink

solidation to which any Trustee hereunder shall be a party, shall be the successor Trustee under this Agreement, without the execu- tion or filing of any paper or any further act on the part of the parties hereto, anything herein to the contrary notwithstanding. Notice of such merger or consolidation shall be given to the City. If such corporation fails to be eligible to serve as Trustee under Section 6 . 11, then the Trustee must comply with the resignation procedures set forth in Section 6. 08 . ARTICLE VII ACTS OF OWNERS: EVIDENCE OF OWNERSHIP OF CERTIFICATES Section 7 . 01. Actions of Owners; Evidence of Ownership. Any action to be taken by Owners may be evidenced by one or more concurrent written instruments of similar tenor signed or executed by such Owners in person or by an agent appointed in writing. The fact and date of the execution by any person of any such instru- ments may be proved by acknowledgment before a notary public or other officer empowered to take acknowledgments or by an affidavit of a witness to such execution. Any action by the Owner of any Certificate shall bind all future Owners of the same Certificate in respect of anything done or suffered by the City or the Trustee in pursuance thereof. ARTICLE VIII AMENDMENTS AND SUPPLEMENTS Section 8. 01. Amendments and Supplements Without Owners' Consent. This Agreement may be amended or supplemented at any time and from time to time, without notice to or the consent of the Owners by delivery to the Trust Agreement of an amendment requested by Special Counsel filed with the Trustee, for the purpose of curing any ambiguity or curing, correcting or supplementing any defective provision of this Agreement in such manner as shall not be inconsistent with this Agreement and shall not impair the security hereof or adversely affect the Owners. As a condition of its effectiveness, any such request shall be accompanied by (1) a consent by the City to such, which consent shall not be unreasonably withheld; and (2) an opinion of Special Counsel that such change shall not impair the tax-exempt status of the interest component of the Lease Payments, and is not in violation of any law; provided further, that no such change may adversely or materially impair the City's obligations under the Lease. Section 8 . 02 . Amendments with Owners' Consent. This Agree- ment may be amended from time to time, except with respect to (1) the principal or interest payable upon Lease Payments represented by any Certificate, (2) the dates of maturity or C-23 KR173 92/01/27