The Minnesota Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, establishes the terms and conditions under which the trust operates. This agreement outlines the responsibilities and rights of both parties involved. John Naveen and Co., Inc. acts as the trustee, managing the trust's assets and making investment decisions in accordance with the trust's objectives. Chase Manhattan Bank serves as the custodian, holding and safeguarding the trust's assets. The trust indenture provides a detailed description of the investment strategy employed by the trust, which is focused on tax-free investments. It may include specific guidelines regarding the type of municipal bonds or other tax-exempt securities in which the trust can invest. The agreement also lays out the parameters of the trust's portfolio diversification and risk management policies. Additionally, the Minnesota Trust Indenture and Agreement may address the distribution of income and principal from the trust. It can outline the frequency and method of dividend payments to unit holders, specifying whether they are to be reinvested or paid out in cash. The document may include provisions for the creation and redemption of units in the trust, providing instructions on how new investors can participate in the trust or how existing unit holders can sell their units back to the trust. It is important to note that the Naveen Tax Free Unit Trust, Series 1140, is a specific offering from Naveen, and there may be other similar series or variations within the overall structure of Naveen Tax Free Unit Trusts. Each series may have its own Minnesota Trust Indenture and Agreement, outlining the unique terms and conditions that apply to that particular series. In summary, the Minnesota Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, establishes the framework for the trust's operation, including investment strategy, portfolio diversification, income distribution, unit creation and redemption, and other relevant terms and conditions.