RES 02047 - Laserfiche WebLink

If anyone or more of the provisions of these Instructions should be determined by a court of competent jurisdiction to be contrary to law. such provisions shall be deemed and construed to be severable from the remaining provisions herein contained and shall in no way affect the validity of the remaining provisions of these Instructions. These Instructions shall be construed and governed in accordance with the laws of the State of California, VIII. Binding Effect; Successors. These instructions shall be binding upon and shall inure to the benefit of the parties hereto and the owners of the 1989 Cenificates and their respective SUCCessors and assigns. The owners of the Bonds shall have no lien whatsoever on moneys representing principal of or interest on the investrnents held by the 1989 Trustee in accordance with these Instructions. Whenever in these Instructions any pany is named or referred to. such reference shall be deemed to include such party's successors or assigns. and all instructions contained in these Instructions to, by or on behalf of any party hereto shall bind and inure to the benefit of such party's successors and assigns whether so expressed or not. IX. Counterparts. These Instructions may' be executed. approved and acknowledged in several counterpans. all or anyone of which shall be regarded for all purposes as one original and shall constitute and be but one and the same instrument. IN WITNESS WHEREOF, the City has issued these Instructions. and the 1989 Trustee and the Trustee have acknowledged and accepted these Instructions. dated for reference purposes as of May 1,2002 but actually effective as of June 6. 2002. CITY OF PLEASANTON By: City Manaoer _ eo ATTEST: By: City Clerk APPROVED AS TO FORM: By: City Attorney -4- Pleasanton Sewer Escrow Instructions (2).DOC