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manner hereinafter provided, any Dondholder who has been a bona fide holder of a Bond at least 6 months may, on behalf of himself and all others similarly situated , petition any court of com- peten t jurisdiction for the appointmen t o f a succes sor Trustee . Every such successor Trustee appointed pursu ant to the pr vis ions of this Section shall be a trust company or bank having trust powers, in good standing, within or '.to the exte nt permitted by law) outside the State, having a reported capita l an<l surplus of not less then $3.5 million, if there be such an institution willing, qualified and able to accept this trust upon reasonable and customary terms. {e) The Issuer shall give notice of each resignation and each removal of the Trustee and each appointment of a suc- cessor Trustee by mailing written notice of such event to the Borrower and to the registered holders of Gonds at their addresses as shown in the Bond Register. Each notice shall include the name and address of the principal corporate trust office of the successor Trustee. Section 10.9 Acceptance of Appointment by Successor , Every successor Trustee appointeu hereund er shall execute, acknowledge and deliver to the Issuer and to the cetiring Trustee an instrument accepting such nppointment, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become vested with all the estate anu interest of the retiring Trustee to the Trust Estate and all the rights, p owe rs , trusts, and duties of the retiring Trustee; but, on re~1uest of the Issuer or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and ~eliver an instrumont transferring to such successor Trustee all the estate and tit le of the retiring Trustee to the Trust Estate and all t.he rights, powers and trusts of the retiring Trustee, and shall duly a s sign, transfer anu ueliver to suc h successor Trustee all property and money held by such retiring Trustee hereunder, s ubj ect neverthel ess to its lien, if any, proviueu for in Section 10.7 hereof. Upon request of any such success or Trustee, the Issuer shall execute any and alt instruments for more fully and certainly vesting in and confirming to such successor Trustee all such estate, title, rights, powers and trusts. All such instru- ments so executecl shall l:>e filed by the 1ssuer for record in the manner proviued by l~w for the recording of documents affecting title to real property in Inclian River County, Florida. Section 10.10 Merger or Consolidation. Any corporation into which the Trustee may be met"getl o r ,1ith which lt may be con- soli•.1atetl, or any corpoc.:itir:>n resulting from .:i.ny meC'qer or con- soliJation to ~hich the Trustee yha ll be a party, or any -66-