The Mississippi Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding contract that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement establishes the rights and responsibilities of both parties involved, specifically relating to the management and distribution of the trust. Key aspects covered in the Mississippi Trust Indenture and Agreement include the following: 1. Trust Structure: This agreement defines the structure of the trust, stating that it is a tax-free unit trust and specifically identifies it as the Series 1140. 2. Parties Involved: The contract identifies the two parties involved — JohNaveenen and Co., Inc., acting as the sponsor or creator of the trust, and Chase Manhattan Bank, acting as the trustee responsible for managing the trust assets. 3. Terms and Conditions: The agreement outlines the detailed terms and conditions that govern the trust. These include guidelines for investment strategies, the types of securities or assets that can be held within the trust, and the overall management and administration of the trust. 4. Distribution of Income: The agreement specifies how the income generated by the trust will be distributed. This may include provisions for periodic distributions or reinvestment of income back into the trust. 5. Reporting and Record keeping: The agreement requires regular reporting and record keeping by the trustee to ensure transparency and accountability. This may include financial statements, tax reporting, and any other relevant documentation. The Mississippi Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank may also include additional provisions tailored specifically to the Naveen Tax Free Unit Trust, Series 1140, such as any unique investment limitations, redemption rights, or termination conditions. It's important to note that while this description provides a general overview, specific details and variations may exist based on the specific agreement between the parties for the Naveen Tax Free Unit Trust, Series 1140.