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RES 87418
City of Pleasanton
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RES 87418
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10/26/2017 4:23:58 PM
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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Trustee <br /> <br /> The term "Trustee" means Bank of America National <br />Trust and Savings Association, a national banking association <br />duly organized and existing under and by virtue of the laws of <br />the United States of America and having a principal corporate <br />trust office in San Francisco, California, or any other bank <br />or trust company which may at any time be substituted in its <br />place as provided in Section 8.02. <br /> <br />Written Request of the City <br /> <br /> The term "Written Request of the City" means an <br />instrument in writing signed by the City Manager of the City, <br />or by the Director of Finance of the City, or by the City <br />Engineer of the City, or by any other officer of the City duly <br />authorized by the City Council of the City for that purpose, <br />with the seal of the City affixed thereon. <br /> <br />Written Request of the Corporation <br /> <br /> The term "Written Request of the Corporation" means <br />an instrument in writing signed by or on behalf of the <br />Corporation by its President or its Vice President or its <br />Treasurer or its Secretary or by any person (whether or not an <br />officer of the Corporation) who is specifically authorized by <br />resolution of the Board of Directors of the Corporation to <br />sign or execute such a document on its behalf. <br /> <br /> SECTION 1.02. Equal Security. In consideration of <br />the acceptance of the Certificates by the Owners, the Trust <br />Agreement shall be deemed to be and shall constitute a <br />contract between the Trustee and the Owners to secure the full <br />and final payment of the interest and principal represented by <br />the Certificates which may be executed and delivered <br />hereunder, subject to the agreements, conditions, covenants <br />and terms contained herein; and all agreements, conditions, <br />covenants and terms contained herein required to be observed <br />or performed by or on behalf of the Trustee shall be for the <br />equal and proportionate benefit, protection and security of <br />all Owners without distinction, preference or priority as to <br />security or otherwise of any Certificates over any other <br />Certificates by reason of the number or date thereof or the <br />time of execution or delivery thereof or for any cause <br />whatsoever, except as expressly provided herein or therein. <br /> <br /> 11 <br />1451S <br /> <br /> <br />
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