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Home My WebLink About2742 . Pag. 2 . and ell buildi.ngs and listure~ ereoted or to be ereoted thereon or appurtsnant thereto. The Irooal Authortty hereby deolares ar~ ~.~':.-.:~.•_:'._~a th~e?t during the e~cis- tence of the trust hereby oreats ths (iovsrnment and tbs holders.f~aa time to time of the Bonde, R~fl~indir~g Bonde, or Fermanent 2Totee iaeued or to be issued pursuant to the provisio~aa.of the Annual Contributione Contraot, have been 8'ranted ar~d are poeeeeeed of euz intereet in the ebov~e~-deeoribed Pro~eat Property, to nit: ~e right to require~the I,ocal Author3ty to reoain aei$ed of the title to eaid prnperty and to. refY~sim from tra~eferring, oonveY~B? aeei~in~, leaein8, mortga~git~g, pledging, or otherNiae encumbering or peimitting or suffering ar~y _ traz~fer,.comreyance, asaig~ment, leseing, mortgsg~e, ~ledge or other encumbrance of eaid property or a~y peuct thereof, appurtenanaea thereto, or ar~y rent~ reveriues, income, or receipta therefram or in cornection there~r.'_th, or a~}r of the be~ef~ td ~ or contributioas granted to it by or ptu~suant to the lnnual Contributione Contraat, ? or a~y intereet in au~y of the eame ezcept that the Local gut~ority (1) m~y, to the , eztent and in the manner pmvided in Sea. 323 of the AisnuaZ Cor_tributions Contraat, (a) lease clxellinge and other epacee and faoilitie~ in a~q Pro3eat, or (b) convey ; or otheivi~e dispoee of an~r real or pereonal property whi.ah ie~ detennined ~o be ~ i ex.oess to the neede of a~r Projeot; or (c) convey or dedicate land for use ae ; etreeta, slleys, or other publia righta--of-w~y,.and ;;rant eaee~ents for the estab- ~ lf~ment: ageration, ~r_d ma3.ntenance of pi;blic utilities, or (d) enter 3nto and 1 perfo~rm contracts for the sale of dwelling uni~te to member$ of ~tenant ~amiiies, - as authorixed by the IInited 3tates IIot~ing lct o~ 1937, l~.2 II.S.C. 7.l~Ol, et seg., br (2) with the approval of the Government, release a~r Pro3eat ~h3.ah hae riot then been fir~anced by an iaeue or iesuee o~ Eonde f~on the truet hereby created; Prooided, that nothing herein contained shall be conetzued ae probibiting the ~~u~~~c~ ~i ~iile #,c~ ar- t~ 3a~ir~~; cr ~e~~±~ei+~n of amr Pro~ect to the Oovern- ment in pvrsuanQe of Seotion 501 or Sec. 502 of the Annual Contributione Contract. ~ r T~e endoreement by a duly authorized officer of the Government (l~ upon s~r ' conveyance made by the Local Authority of at~y real or pereonal property Which ie ' determir_ed to be ezcese to the needs of ar~r Project; or (2) upon a~ inetrumen~ of ao~veysnce vr dedication of prnperty s or ar~y ir_terest t2ierein, for wse aa atreeta, alleye, or other public ri~te--o~-ir~y, or for the eatabli.ahaent, opera- tion, aiui mainter,ance of publia util3ties; or (3) t~pon ar~y 3nstrumerat traneferring ar co~ye a d~relling unft, or an interest ~thereinf to a member of a tenQnt f~~Y~ o~ upon ar~y inetrument of release made by the Local Authority of a~r Project whic~ hae, not then been ;~~a, _c;:_: by ar iee-ae or iaeue~ of Bonde gh~all be effective to releaee euch Property from the trust hereby created. When all indebtedneea of the ?,ocal Authority to the Goverrnnent, arieing under the Annu,al Contributiona Contract, hae been fully paid and when aZ2 the Bonds, Re- f~~ Sonds, and Permanent.Notes, tog+ether cr~th interest thereon, have been f~~Y P~d, or moni.es euffici ent for the paynnent thereof hatre been depoeited in truet for eu~h pqyment in accordarice ~ri th t2~e reepective resolution of ~he Local Authori_ty, aut.t~ri~ing the iasi:t~±ae of es~ch Bonde, Itefunding Bonde, and Permanent Notes, the truat hereby created ahall terminate and ehall no lon~,^~er be effectiv~. Noth~.ng aerein contained shall be cor.$trued to bestow upon the holder_or holders of an~q of the Bonde or HefuucLi.ng Bond.s, or of the coupone apperta3ning thereto, or ar~r holder af the Permanent RTotea (other t21an the Goverrm~ent) ar~y ~x~~ r~~uy oi ~#iaii p~~~3ir,g ~3• ~..~...ic~ ±~o Z~~~ ~,~+h~ri~.y ~t~ht be de- prived of title to or poaseaeion of a»y Pro~ect. _ The terms "Bor~d.sn, "Refunding Bonda," and ~'Permanent tiotee", aa uaed herein . ehall include T.e~porarsr2totee, ~dvance Notea} Preli~inary Notes and Promissory Hotea, or other evidence of ~.ndebtednesa fesued pureuant to the Autho:.ity~e Atmu,al Contribu~~or.g Contract. . ~N WHI~A~F, the I~oaal Authority by ite oFficere thereunto duly autho- ri~~~. ` ' _theae presente to be ai~ed in its nsa~e and it8 corpora+e aeaZ to b'' _ an8. atteeted thi.e 28-73 ci~aY of . 19 ~2- • r c ~ t- ~ ~ ~ ' ;i.r~~t'~~' .'F'~'•~: . . ; ~ .=•i-{~~' . - . . ~ ` - ~ ~ ~ F~~ ~ ~e Houeing Authority of the City :s ~'r { j\ .7~ . ,Y7_ ; / _ 1 ' ~ ~ ` ~ ~ y`4} . ~ .j` ~ .r ~i~18~Z73121 _ , . } t~~ ~ a . , i 'a'~~ ' ~Y . . . ' Gera7.d R. Wr t .__._~J drea Counsel 3ecretary R ~TD, Penir~su7.ar P1a.a ~ B~Jl;~~ PACf~ ~61 Rivereide Avenue, Jax. Fl~.' - :;;~v _ - -T ~ , .