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O-1991-1755
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O-1991-1755
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Last modified
11/2/2016 3:38:50 PM
Creation date
10/25/2006 4:33:17 PM
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Legislative Records
Legislative Type
Ordinance
Date
5/14/1991
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<br />. <br /> <br />. <br /> <br />in connection with the exercise or performance of any of its powers or du ties <br />under this Agreement. <br /> <br />Section 5.07. Interpleader. The Issuer and the Bank agree that the <br />Bank may seek adjudication of any adverse claim, demand, or controversy over <br />its person as well as funds on deposit, in either a Federal or State District <br />Court located in the State and County where either the Bank Office or the <br />administrative offices of the Issuer is located, and agree that service of process <br />by certified or registered mail, return receipt requested, to the address <br />referred to in Section 6.03 of this Agreement shall constitute adequate service. <br />The Issuer and the Bank further agree that the Bank has the right to file a <br />Dill of Interpleader in any court of competent jurisdiction to determine the <br />rights of any Person claiming any interest herein. <br /> <br />Section 5.08. Depository Trust Company Services. It is hereby <br />represented and warranted that, in the event the Securities are otherwise <br />qualified and accepted for "Depository Trust Company" services or equivalent <br />depository trust services by other organizations, the Bank has the capability <br />and, to the extent within its control, will comply with the "Operational <br />Arrangements," effective August 1, 1987, which establishes requirements for <br />securities to be eligible for such type depository trust services, including, but <br />not limited to, requirements. for the timeliness of payments and funds <br />availability, transfer turnaround time, and notification of redemptions and calls. <br /> <br />ARTICLE SIX <br />MISCELLANEOUS PROVISIONS <br /> <br />Section 6.01. Amendment. This" Agreement may be amended only by <br />an agreement in writing signed by both of the parties hereto. <br /> <br />Section 6.02. Assignment. This Agreement may not be assigned by <br />either party without the prior written consent of the other. <br /> <br />Section 6.03. Notices. Any request, demand, authorization, direction, <br />notice, consent, waiver, or other document provided or permitted hereby to be <br />given or furnished to the Issuer or the Bank shall be mailed or delivered to <br />the Issuer or the Bank, respectively, at the addresses shown on the signature <br />page of this Agreement. <br /> <br />Section 6.04. Effect of Headings. The Article and Section headings <br />herein are fo'r convenience only and shall not affect the construction hereof. <br /> <br />Section 6.05. Successors and Assigns. All covenants and agreements <br />herein by the Issuer shall bind its successors and assigns, whether so <br />expressed or not. <br /> <br />Section 6.06. Severablllty. In case any provision herein shall be invalid, <br />illegal, or unenforceable, the validity, legali ty , and enforceability of the <br />remaining provisions shall not in any woy be affected or impaired thereby. <br /> <br />Section 6.07. Benefits of Agreement. Nothing herein, express or implied, <br />shall give to any Person, other than the parties hereto and their successors <br /> <br />8 <br />
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