Ordinance No. 19551 - Laserfiche WebLink

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proceeds thereof or for the use or application of any money paid over by the Trustee in accordance with the provisions of this ordinance or for the use and application of money received by any Paying Agent other than the Trustee. The Trustee may become the owner of Bonds secured hereby with the same rights it would have if were not the Trustee. 7.2.5. The Trustee shall be protected in acting upon any notice, order, requisition, request, consent, certificate, order, opinion, affidavit, letter, telegram or other paper or document in good faith deemed by it to be genuine and correct and to have been signed or sent by the proper person or persons. Any action taken by the Trustee pursuant to this ordinance upon the request or authority or consent of any person who at the time of making such request or giving such authority or consent is the owner of any Band, shall be conclusive and binding upon all future owners of the same Bond and Bands issued in exchange therefor or in place thereof. 7.2.6. As to the existence or non-existence of any fact or as to the sufficiency ar authenticity of any instrument, paper or proceeding, the Trustee shall be entitled to rely upon a certificate of the City as sufficient evidence of the facts stated therein. The Trustee may accept a certificate of the City to the effect that a motion, resolution or ordinance in the form therein set forth has been adopted by the City as conclusive evidence that such motion, resolution or ordinance has been adapted, and is in full force and effect, and may accept such motion, resolution or ordinance as sufficient evidence of the facts stated therein and the necessity or expediency of any particular dealing, transaction or action authorized or approved thereby, but may at its discretion, secure such further evidence deemed necessary or advisable, but shall in no case be bound to secure the same. 7.2,7. The Trustee shall not be liable for any action it takes or omits to take in good faith, except that the Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct. 7.2.8. At any and all reasonable times, the Trustee, and its duly authorized agents, attorneys, experts, engineers, accountants and representatives, shall have the right fully to inspect any and all books, papers and records of the City pertaining to the Airport and the projects financed with Bonds, and to take such memoranda from and in regard thereto as may be desired. 7.2.9. The Trustee shall not be required to give any bond or surety in respect of the execution of the said trusts and powers or otherwise in respect of the premises hereof. Page 46 -- ordinance