OCR Text |
Show -19- suit to enforce the provisions thereof, or of this indenture, or to foreclose this Deed of Trust, until after he shall have requested the Trustee in writing, to take, begin, or prosecute such action, proceeding or suit, and the Trustee shall have refused or neglected for a reasonable time to comply with such request. In case default shall be made in payment of the coupons and shall have continued as described in Article II the Trustee shall by notice in writing to the Company declare the principal of all outstanding bonds to be due, as provided in article III upon the request to the Trustee in writing of the holders or owners of a majority in value of all outstanding bonds. Every request in writing by a bondholder to the Trustee shall be without effect under this Article IV, unless (a) It shall be signed by the holder or owner of the bonds in respect to which it is signed; (b) Acknowledged in the same manner as is required by law to entitle a deed to be recorded in the State of California; (c) Accompanied by his affidavit taken before a proper officer to the effect that the signer is the holder or owner of the bonds specified; (d) contain a statement of the residence of the signer, the par value and serial number of the bonds in respect to which it is signed; (e) Proper indemnity be furnished the Trustee if by it required. Fourth. It is further covenanted and agreed that the Company will from time to time, upon reasonable request of the Trustee make, do, execute, acknowledge and deliver all such further acts, deed, conveyances, or documents as may be necessary or useful for the better assuring unto the Trustee the land, corporation stock, property and franchises hereby conveyed or intended so to be, or for carrying out effectually, the purposes and objects of this indenture. |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |