Memorandum Dated 6 March 1986 Re the First Amendment to the Report And Decision On Post Office Square 121a Corporation

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Section 11.3. No Personal Liability. The persons acting from time to time on behalf of the City, the Authority, the Corporation or any entity affiliated with or controlled by the Corporation shall not have any personal liability hereunder.
- 38 - 2/11/86 Section 11.4. Invalid Provisions. If any provisions of this Agreement are held to be invalid, the remainder of this Agreement shall not be affected thereby, if such remainder would then conform to the requirements of applicable laws.
Section 11
....5. Status Reports. Recognizing that the parties may find it necessary to establish to each other and to third parties the then current status of performance hereunder, either party, on the written request of the other made from time to time, will promptly furnish a written statement on the status of any matter pertaining to this Agreement .
Section 11.6. Stock of the Corporation. Reference is made to Section 7 of Chapter 121A, which requires that the stock of a Chapter 12 lA corporation be offered to the owners of the real estate within the location of the project.


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