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ST. LUCIE~C~UMTY, flA.
See. 8.9
shall be not leas than 40 days following the date said notice is deposited
. in the United States First Class Ddail, all postage prepaid, in the manner
provided in Section 8.4 hereof. The Trustee may be removed at any time
by the holders of a majority in principal amount of the Outstanding Bonds.
A Sec. 8.10 In case of resignation or removal of the Trustee, or if the
of Sasassar Trustee shall be taken under the control of any public officer or of a
TrrstN receiver appointed by a court, a Successor Trustee may be appointed by
the holders of a majority in principal amount of the Outstanding I3onds
within twelve months after such vacancy occurs; provided, nevertheless,
that in any case The Company, by action of its Board of Directors, may
appoint a Successor Trustee which shall act until a Successor Trustee shall
be appointed by the Bondholders as herein authorized. After any such
appointment by The Company, it shall give notice of such appointmeni i,o
the Bondholders in the manner provided in Section 8.4 hereof. Every
Successor Trustee shall be a trust company or a banking corporation
eligible to act as a trustee of s mortgage upon Florida real estate, and
having a capital and surplus aggregating at least $2,000,000, if there be
such an institution qualified, able and willing to accept the trust upon
reasonable or customary terms; otherwise a co-trustee shall be appointed
as herein provided.
SrassiiN Sec. 8.11 Every instrument appointing a Successor Trustee or any
N Truth Co-trustee shall refer to this Indenture and the conditions in this Article
expressed; and upon the acceptance in writing by such Successor or Co-
trustee, it shall be vested with the estates, Property, rights, powers and
trusts specified in such instrument, either jointly with the other Trustees,
or separately, as may be provided, subject to all the trusts, conditions and
covenants of this Indenture. On the written request of The Company or
of any Successor Trustee, the Trustee ceasing to act shall execute and
deliver an instrument transferring to such Successor Trustee, upon the
trusts herein expressed, all the estates, Property, rights, powers and
trusts of the Trustee, and shall duly assign, transfer and deliver any other
Property held by it to such Successor Trustee.
C~wbMtN Sec. 8.12 Any Corporation into which the Trustee or any Successor
irytU~f Trustee, may be tgmbined, Or wniCil may re~uii, irvm oily wuwu~z-tavll iv
which such Trustee, or Successor Trustee, shall be a party, shall become a
Successor Trustee, hereunder without the execution or filing of any paper
or any further act on the part of either of the parties hereto, provided
such Corporation shall be qualified as provided in this Article. The estates,
Property, rights, powers and trusts of the Trustee, or of any Successor
Trustee, shall continue unimpaired, notwithstanding it shall have been
converted into a national banking association under the provisions of the
National Banking Act of the United States of America.
I~dtl~a Sec. 8.18 If, at any time, in order to conform to any law of any
Trrst~a locality in which The Company now or at any time hereaftzr shall hold
any Property subject to the lien of this Indenture, or if The Company or
Trustee shall be advised by counsel that it is necessary or prudent in the
interest of the Bondholders so to do, or if the holders of a majority in
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