HomeMy WebLinkAbout01774(e) The Trustee shall not be answerable for any
neglect or default of any person, firm or corporation employed
or selected by it with reasonable care.
(f) The Trustee will permit the holder of any Bond
to inspect any instrument, opinion or certificate filed with
it by the city or Crown Zellerbach Corporation or by any person,
firm or corporation acting for the city or such corporation.
(g) The Trustee may deposit free balances of any of
the moneys of the Funds of the city created in this ordinance
and entrusted to the Trustee's care in the First American.
National. Bank, Port Townsend, Washington, upon such bank
securing such moneys so deposited as any trust funds must
be secured in accordance with the law requiring security of
trust funds on deposit with a national bank. Such deposit,
however, shall. not relieve the Trustee of any liability to the
city for the protection and safekeeping of such moneys so de-
posited.
(h) The Trustee shall be entitled to reasonable
compensation for all services by it rendered in execution of the
trusts hereby created, and to be reimbursed for all proper out-
lays of every kind and nature by it incurred in the execution
of such trusts.
(i) The Trustee shall not be bourn to recognize any
person, firm or corporation as a holder.of any of thE- Bonds
until his or its title thereto shall have been established to
its reasonable satisfaction.
(J) The Trustee may consult with counsel and the
opinion of such counsel shall be full and complete authorisation
and protection in respect of any action taken or suffered by it
hereunder in good faith and in accordance with the opinion of
23.