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<br />O~ft <br /> <br />"o~ctlr" <br /> <br />:il':t1~ :::t1/C:~ <br /> <br />. <br /> <br />e <br /> <br />investment Of such funds, in which case such funds shall be <br />so invested and any interest earned thereon shall be paid or <br />credited to the Authority, unless otherwise agreed with the.. <br />Authority. <br /> <br />Section 5.06. Limit on Liability~ <br /> <br />The Bank shall not be responsible or accountable <br />to the Authority, either by reason of its authentication of <br />any Bonds or for any other reason whatsoever, with respect <br />to the validity of this Agreement or of the Bonds, for any <br />act done or omitted by it in good faith, except for its own <br />willful misconduct or failure to exercise reasonable care in <br />the performance of any duty arising under this Agreement. <br /> <br />Section 5.07. Resignation and Removal. <br /> <br />The Bank may resign from its duties hereunder at <br />any time by giving not less than 30 days' written notice <br />thereof to the Authority. <br /> <br />The Bank may be removed from its duties hereunder <br />at any time, with or without cause, by an order or resolu- <br />tion adopted by the Board of Directors of the Authority <br />designating a successor upon not less than 30 days' notice; <br />provided, however, no such removal shall become effective <br />until such successor shall have accepted the duties of the <br />Bank hereunder oy an instrument. <br /> <br />Upon the effective date of such resignation or <br />removal (or any earlier date designated by the Authority in <br />case of resignation), the Bank shall, upon payment of all <br />its fees, charges and expenses then due, transfer and <br />deliver to or upon the order of the Authority the Bond <br />Register and all other funds, records, Bonds and Bond <br />certificates held by it under this Agreement. <br /> <br />If the Bank shall resign or be removed, the <br />Authority shall by order or resolution of its Board of <br />Directors promptly appoint and engage a successor to fulfill <br />the obligations of the Bank hereunder, which appointment <br />shall be effective as of the effective date of the accep- <br />tance of such duties by such Successor. The Authority (or <br />such successor on behalf of the Authority) shall immediately <br />give notice of such substitution hereunder to the registered <br />,,~: ,-., ..\. "".' ;~, i;..... ~.n.fl.~ 4.;, '~'~" ~.JJ;'. ~~.9,~$.. ..t.;t;u~,n..&9\l ~'f:~~nq i~g. ,.~~.J}"C;: J..~4 iJ1..Q:,:.t9~'~..I\~~' q~~')....~. .:.', .. '. ';;:.'-1 t :.:.....'; <br />. '. ::".' .' such "successor ana the 'add'res~ 'of i1:9 principal'office. . " ',. ." . , <br /> <br />039DESAM/024COl <br /> <br />-10- <br />