Trust Indenture and Agreement between John Nuveen and Company, Inc. and The Chase Manhattan Bank regarding terms and conditions of trust for Nuveen Tax Free Unit Trust, Series 1140 dated January 4, 2000. 5 pages.
The Massachusetts Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding document that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement establishes the relationship between the trustee (Chase Manhattan Bank) and the issuer (John Naveen and Co., Inc.) and governs the operation and management of the trust. The main purpose of this trust agreement is to provide tax-free investment opportunities for individuals seeking income exempt from federal income tax and, in some cases, state and local taxes. The Naveen Tax Free Unit Trust, Series 1140, is designed to invest in municipal bonds issued solely by municipalities within the state of Massachusetts. This focus promotes the support of local infrastructure projects and community development initiatives. The agreement covers various important aspects, including the rights and responsibilities of both parties, investment objectives and restrictions, redemption and liquidation procedures, distribution of income, and voting rights. It also outlines the processes for the appointment and removal of trustees, amendment of the agreement, and the protection of investors' interests. It is worth noting that while the Naveen Tax Free Unit Trust, Series 1140, is the specific trust mentioned in this agreement, there may be other series of Naveen Tax Free Unit Trusts with their own separate Massachusetts Trust Indenture and Agreement. Each series may have different investment objectives, asset allocation strategies, maturity dates, and geographic focuses. In conclusion, the Massachusetts Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, sets forth the terms and conditions for investing in tax-free municipal bonds within Massachusetts. It ensures transparency, stability, and accountability in the management of the trust, ultimately providing investors with a reliable and tax-efficient investment vehicle.
The Massachusetts Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding document that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement establishes the relationship between the trustee (Chase Manhattan Bank) and the issuer (John Naveen and Co., Inc.) and governs the operation and management of the trust. The main purpose of this trust agreement is to provide tax-free investment opportunities for individuals seeking income exempt from federal income tax and, in some cases, state and local taxes. The Naveen Tax Free Unit Trust, Series 1140, is designed to invest in municipal bonds issued solely by municipalities within the state of Massachusetts. This focus promotes the support of local infrastructure projects and community development initiatives. The agreement covers various important aspects, including the rights and responsibilities of both parties, investment objectives and restrictions, redemption and liquidation procedures, distribution of income, and voting rights. It also outlines the processes for the appointment and removal of trustees, amendment of the agreement, and the protection of investors' interests. It is worth noting that while the Naveen Tax Free Unit Trust, Series 1140, is the specific trust mentioned in this agreement, there may be other series of Naveen Tax Free Unit Trusts with their own separate Massachusetts Trust Indenture and Agreement. Each series may have different investment objectives, asset allocation strategies, maturity dates, and geographic focuses. In conclusion, the Massachusetts Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, sets forth the terms and conditions for investing in tax-free municipal bonds within Massachusetts. It ensures transparency, stability, and accountability in the management of the trust, ultimately providing investors with a reliable and tax-efficient investment vehicle.