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1982-141
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1982-141
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Last modified
3/20/2023 11:11:59 AM
Creation date
3/20/2023 11:11:24 AM
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Resolutions
Resolution Number
1982-141
Approved Date
12/23/1982
Subject
Authorizing the issuance of not exceeding $2,750,000 Water & Sewer Revenue Bonds
Series 1982, Anticipation notes of IRC & entering into certain covernants &
agreements with ther holders thereof
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• <br />00 <br />contemplated hereby are consummated) to indemnify, protect, save <br />and hold harmless the Trustee and its respective successors, <br />assigns, agents and servants from and against any and all <br />liabilities, obligations, losses, damages, penalties, claims, <br />actions, suits, costs, expenses and disbursements (including <br />legal fees and disbursements) of whatsoever kind and nature which <br />may be imposed on, incurred by or ac any time asserted against <br />the Trustee (whether or not also indemnified against the same by <br />the Issuer or any other person under any other agreement or <br />instrument) and in any way relating to or arising out of the exe- <br />cution and delivery of this Agreement, the acceptance of the <br />funds and securities deposited therein, the purchase of the <br />Federal Securities the retention of the Federal securities or <br />the proceeds thereof and any payment, transfer or other applica- <br />tion of funds or securities by the Trustree in accordance with <br />the provisions of this Agreement; provided, however, that the <br />Issuer shall not be required to indemnify the Trustee against its <br />own negligence or misconduct. In no event shall the Issuer be <br />liable to any person by reason of the transactions contemplated <br />hereby other than to the Trustee as set forth in this section. <br />The indemnities contained in this section shall survive the ter- <br />mination of this Agreement. <br />-1 1- <br />
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