The Texas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding contract outlining the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement ensures the smooth functioning of the trust by establishing the roles, responsibilities, and obligations of both parties involved. Under this agreement, John Naveen and Co., Inc. serves as the trustee responsible for managing the assets and investments of the trust. Chase Manhattan Bank, on the other hand, acts as the custodian and holds the securities and other assets on behalf of the trust. The Texas Trust Indenture and Agreement outlines several key provisions, such as the investment objectives and strategies, the permissible types of investments, and the limitations on borrowing and derivative transactions. It also includes provisions regarding the distribution of income and principal, the rights and responsibilities of the beneficiaries, and the procedures for amendments or termination of the trust. Additionally, the agreement defines the compensation and fees payable to the trustee and the custodian, as well as any indemnification provisions to protect the parties from liabilities. It also addresses matters related to conflicts of interest, dispute resolution, and governing law. Furthermore, it is important to note that there may be different types of Texas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for other series or types of trusts offered by Naveen. Each trust series is likely to have its own trust indenture and agreement tailored to its specific investment objectives, guidelines, and terms. It is recommended to refer to the specific Texas Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 to obtain a comprehensive understanding of all terms and conditions governing that particular trust.
Texas Trust Indenture and Agreement between John Nuveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Nuveen Tax Free Unit Trust, Series 1140
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