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12-30-1987 Council Agenda
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12-30-1987 Council Agenda
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2.5. Indemnification. The Issuer shall indemnify and <br />save the Agent harmless from and against any loss, cost, <br />charge, expense, judgment or liability which it may incur in <br />the exercise of its powers and duties hereunder and which are <br />not due to its negligence or default. <br />Section 3. Termination <br />Either party may terminate this agreement by written <br />notice mailed to the other party at least thirty (30) days <br />prior to termination date, upon which event the Registrar shall <br />return all cash and Bonds in its possession to the Issuer or <br />its order and shall deliver the Bond Register to the Issuer or <br />its order, and the Issuer shall pay any accrued and unpaid <br />service charges to the Registrar. <br />IN WITNESS WHEREOF, the Issuer and the Registrar <br />have caused this agreement to be executed in their respective <br />names by their duly authorized representatives, in two <br />counterparts, each of which shall be deemed an original. <br />(SEAL) <br />(SEAL) <br />City of Little Canada, <br />County of Ramsey, Minnesota <br />By <br />By <br />Its Clerk Treasurer <br />Its Mayor <br />FIRST TRUST COMPANY, INC. <br />Registrar <br />By <br />s ss s ant / i e President <br />BY <br />Its Assistant S cretary <br />Page :49 <br />
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