The Wake North Carolina Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank pertains to the terms and conditions for Naveen Tax Free Unit Trust, Series 1140, which is a specific investment vehicle offered by Naveen. This trust indenture and agreement outlines the rights and responsibilities of both parties involved in the management and administration of the trust. In this agreement, John Naveen and Co., Inc. acts as the sponsor or manager of the Naveen Tax Free Unit Trust, Series 1140, while Chase Manhattan Bank serves as the trustee responsible for safeguarding the assets and ensuring compliance with applicable regulations. The trust indenture specifies various terms and conditions, such as the maturity date, interest payment frequency, and redemption provisions for the trust units. It may also outline any specific tax benefits associated with the investment and the respective responsibilities of the sponsor and trustee in ensuring compliance with tax regulations. Different types of trust indentures and agreements may exist within the Wake North Carolina Trust framework, depending on the specific series or number assigned to the tax-free unit trust. Each series may have unique terms and conditions specifically tailored to the investment objectives and characteristics of that particular trust. For example, in addition to Naveen Tax Free Unit Trust, Series 1140, there may be other series numbered 1100, 1200, or any other numerical designation, each with its own separate trust indenture and agreement. These different series may cater to different regional or municipal bond markets, maturity durations, or other distinguishing factors that suit investors' preferences and considerations. Overall, the Wake North Carolina Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding Naveen Tax Free Unit Trust, Series 1140, outlines the legal and operational framework within which this investment vehicle operates, ensuring transparency, compliance, and investor protection.