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herein authorized, the Issuer may, subject to the provisions hereof, appoint a Trustee to fill such
<br />vacancy. After any such appointment by the Issuer, the Trustee so appointed shall cause notice
<br />of its appointment to be mailed within 30 days of such appointment to the registered Holders of
<br />the Bonds, but any new Trustee so appointed by the Issuer shall immediately and without further
<br />act be superseded by a Trustee appointed in the manner above provided by the Holders ora
<br />majority in aggregate principal amount of said Bonds whenever such appointment by said
<br />Bondholders shall be made.
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<br /> If, in a proper case, no appointment of a successor Trustee shall be made pursuant to the
<br />foregoing provisions of this section within six months after a vacancy shall have occurred in the
<br />office of Trustee, the Holder of any Bond hereby secured or any ret/ring Trustee may apply to
<br />any court of competent jurisdiction to appoint a successor trustee. Said court may thereupon,
<br />after such notice, if any, as such court may deem proper and prescribe, appoint a successor
<br />trustee. Every such Trustee appointed pursuant to the provisions of this section shall be a trust
<br />companyor bank having trust powers and having'a reported capital and surplus not less than
<br />$50,000,000, if there be such an institution willing, qualified and able to accept the trust upon
<br />reasonable or customary terms.
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<br /> Section 8.17 Transfer of Rights and Property to Successor Trustee. Every- successor
<br />trustee appointed hereunder shall execute, acknowledge and deliver to its predecessor and also to
<br />the Issuer an instrument in writing accepting such appointment hereunder, and thereupon such
<br />successor, without any further act, deed or conveyance, shall become fully vested with all the
<br />estates, properties, rights, powers, trusts, duties and obligations of its predecessor; but such
<br />predecessor shall, nevertheless, on the written request of the Issuer or of its successor 'execute
<br />and deliver an instrument transferring to such successor all the estate, properties, rights, powers
<br />and trusts of such predecessor hereunder, and every predecessor trustee shall deliver all securities
<br />and moneys held by it as Trustee hereunder to its successor. Should any assignmeut, conveyance
<br />or instrument in writing from the Issuer be required by any successor trustee for more fully and
<br />certainly vesting in such successor trustee the estates, rights, powers and duties hereby vested or
<br />intended to be vested in the predecessor trustee, any and all such assignments, con,/eyances and '.
<br />insmaments in writing shall, on request, be executed, acknowledged and delivered by the Issuer.
<br />The resignation of any Trustee and the instrument or instnunents removing any Trustee and
<br />appointing a successor hereunder, together with all assignments, conveyances and other
<br />instruments provided for in this Article shall~' at the expense of the City, be forthwith filed and/or
<br />recorded by the successor trustee in each recording office where the Indenture shell have been
<br />filed and/or recorded.
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<br />Section 8.18 Co-Trustee.
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<br />(a) At any time or times, for the purpose of meeting any legal requirements of any
<br />jurisdiction in which any part of the Trust Estate may at the time be located, the Issuer and the
<br />Trustee shall have power to appoint one or more persons approved by the Trustee either to act as
<br />Co-Trustee or Co-Trustees, jointly with the Trugtee of all or any part of the Trust Estate, or to act
<br />as' separate trustee or separate trustees of all or any part of the Trust Estate, and to vest in such
<br />person or persons, in such capacity, such title to the Trust Estate or any part thereof, and such
<br />fights, powers, duties, trusts or-obligations as the Issuer and the Trustee may consider necessary
<br />or desirable, subject to the remaining pro¥isioni 0fthis section.
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