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deliver all securities and moneys held by it as Trustee hereunder to its successor. Should any assignment,
<br /> conveyance or instrument in writing from the City be required by any successor Trustee for more fully and
<br /> certainly vesting in such successor Trustee the estates, rights,powers and duties hereby vested or intended
<br /> to be vested in the predecessor Trustee, any and all such assignments, conveyances and instruments in
<br /> writing shall, on request, be executed, acknowledged and delivered by the City. The resignation of any
<br /> Trustee and the instrument or instruments removing any Trustee and appointing a successor hereunder,
<br /> together with all assignments, conveyances and other instruments provided for in this Article shall, at the
<br /> expense of the City, be forthwith filed and/or recorded by the successor Trustee in each recording office
<br /> where the Indenture shall have been filed and/or recorded.
<br /> Section 8.18 Co-Trustee. In addition to the conditions expressed in Section 7.09, at any time or
<br /> times,for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust
<br /> Estate may at the time be located,the City and the Trustee shall have power to appoint one or more persons
<br /> approved by the Trustee either to act as co-trustee or co-trustees,jointly with the Trustee of all or any part
<br /> of the Trust Estate,or to act as separate trustee or separate trustees of all or any part of the Trust Estate,and
<br /> to vest in such person or persons,in such capacity,such title to the Trust Estate or any part thereof,and such
<br /> rights,powers,duties,trusts or obligations as the City and the Trustee may consider necessary or desirable,
<br /> subject to the remaining provisions of this Section. Notwithstanding the foregoing, a Majority of Holder
<br /> shall approve the appointment of any co-trustee, unless the City or the Trustee shall determine that to wait
<br /> for such approval will materially adversely affect a Majority of Holders.
<br /> Upon the request of the Trustee or of the Holders of at least twenty-live per cent(25%)in aggregate
<br /> principal amount of Bonds outstanding hereunder,the City shall for such purpose join with the Trustee in
<br /> the execution, delivery and performance of all instruments and agreements necessary or proper to appoint
<br /> the co-trustee. If the City shall not have joined in such appointment within fifteen(15)days after the receipt
<br /> by it of a request so to do,or in case an Event of Default shall have occurred and be continuing,the Trustee
<br /> alone shall have power to make such appointment.
<br /> The City shall execute,acknowledge and deliver all such instruments as may be required by any such
<br /> co-trustee or separate trustee for more fully confirming such title, rights, powers, trusts, duties and
<br /> obligations to such co-trustee or separate trustee.
<br /> Every co-trustee or separate trustee shall,to the extent permitted by law but to such extent only, be
<br /> appointed subject to the following terms, namely:
<br /> (a) The Bonds shall be authenticated and delivered and all rights,powers,trusts,duties
<br /> and obligations by this Indenture conferred upon the Trustee in respect of the custody, control or
<br /> management of moneys,papers, securities and other personal property shall be exercised solely by
<br /> the Trustee.
<br /> (b) All rights, powers, trusts, duties and obligations conferred or imposed upon the
<br /> trustees shall be conferred or imposed upon and exercised or performed by the Trustee, or by the
<br /> Trustee and such co-trustees or separate trustee or separate trustees jointly,as shall be provided in
<br /> the instrument appointing such co-trustee or co-trustees or separate trustee or separate trustees,
<br /> except to the extent that, under the law of any jurisdiction in which any particular act or acts are to
<br /> be performed,the Trustee shall be incompetent or unqualified to perform such act or acts,in which
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