HomeMy WebLinkAbout0380
:L~; 45 fyt378
\i.l\.'Cl[ c:.l~Tl,rl~.:; i
S<<tkM1 8.05
219
tb.~ l'nustoo may 8l~\lpt any award or ~-rt"'l')/.l conahkr;\tloi1 thNe-
tor, if a.ppruvtlld by th\l Cum P,,,'U1Y , &a rt)pftj~6nting thE! Ji'air Vti.l\K}
of the property t.a.kan i and, at the requ~~t of th~ Con'I>41uy evid",u06iJ
by a C~rliGoo R-MClution, th(-; TlU.t~ (Ot" ill thf.t ~e .,(Florida
Pro p<.H1", th,(> Tru.a-t.Mlt) lItil~U eH",~t~ and rleHv\'r a rCkMft of 8uM
pri)~rty it) , ts..hn Imd lht) Tr\l8tet1 (or in thfi! ca~ of }o'loFid.a Pr~lp'
nty, th~ Tnat*) .hAil ~ fally prote'~!~l in 1.0 doinl( uptJO Uw
Tntat~ being furnillhfd with &n Opinion (If COIlMel to the cff~t
thAt 3tlM l;roperty hu hMn tabu hi the uerdt1e of a power of t'mi.
nt'ut domAiu. In any sach prooeedinp the Tnu.lti"tl (or in th~ case
of Florida PropertYI the Tru~tOO8) may ~ r~pre~lJt~l by (;,:mn~eL
The prooeeoJ!5 of aU lueh prilp*rty M tak~n 8hall ~ paid OVtlt to the
Trtl&te6 hei"'eund~r, to \x! held and apphoo u a pM1Qf the Trust
FAtt.te, and/or to AllY holder of a PnrchAM M(J~ Li~nl as thtlir
retl~tive int~1"MtJlJ uU\Y I\pt1o@ltlf. and ,hl\ll ~ dil'flmtd to i~ the pro.
ooeds of the releAM of aGch prt1p~rly ,.-helhN or not aueh prop~rt1
i8 adually reJ~j by the Tn,.lih~ (Qr in th<:. cue of l"loridl\ PrOrF0rty,
tl.w Troltee6) ,
~ 8.05, ll!!'l~(Me of Mortgaged l'rcpedy M,,~g fair VallK leu
tha* $iS,oOO. The Trustee {or in the c.ue (Jf Florida Prop{lrty, tht)
'l'rnlJt~l) &hall, whtlJ,l froro iuuu to tim., r-t:qu~lt.ed by' thfJ Comp..ny,
nnd! r~{uut to 00 evill~n~ b). an Offi<:~ns' Ct'ftifieat0 deli\'ofc.u tf)
tbe Trulih:e. without n;-{Iuiring c{}mplianoo with &,ny of the pfovisioM
of t, bfJ'J, f6hHL8t) from t.h~1 Lien h~roof em" Jdort,~j Pn1periy, tbo
FlUr V61(J(! of wh.idl .!all b€ aLated in an Flngin~r 'jl CertiBctlto ddlv-
erfu.1 to Uw Trustoo ~irnu1t,{HH'<)\1ely with ~\1c.h 01tk.~n' Gertine.al..(',
pruvided th:&l ~HH,h f'nir Value i~ 1~ tbAn tUl,C~)O and t.hat such prop...
ert}', &..'i tltst.ed iu 8u('.h Engiru:t'r'@ C~rtifie~ti', Iii not \uH~ful or nt.,"'<eil-
eary in the conduct of the biJ~in~ of the C1mpilJJY, And proYid~d
further that ilio i\ggregate F~Air VaJu~ lif &3i Pfl>perty f~ll}~l!l;'d pur-
suant to thi~ ~ 8,(JS in any e.:a.hmdar :..e,AT ~hl1U not 0-10000 $100,Ci.)(i,
Raid FJngiJlf)iH"~ Certifie.&te ~hfl,n aao \lute HUll ~uch rcleu-a will Hot
imp~ir tile 8\~:l rhy nnd~r thi!l I nd.mtUie. Tho Company OlJVlll1fint1~
t.ha,t it win depQ8it with the f].'rustoo liJJ li. part of the TrUitt E%ta.tl~
tho't.'4)ll..8.ideration, if t~ny. re.ct>iv&d by it upon thlit sale or ot.n0i" tliJ!<
p04ition of e.ny prol~li.y $0 N1~.