Montana Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Naveen Tax Free Unit Trust, Series 1140: The Montana Trust Indenture and Agreement is a legally binding document that outlines the terms and conditions between John Naveen and Co., Inc. and Chase Manhattan Bank for the administration of the Naveen Tax Free Unit Trust, Series 1140. This agreement serves as a framework for the management and operation of the trust, ensuring that both parties are aligned in their responsibilities and obligations. The terms and conditions outlined in the Montana Trust Indenture include the investment objectives and strategies of the Naveen Tax Free Unit Trust, Series 1140. It specifies the types of securities and assets that can be held within the trust, as well as any restrictions or guidelines for their selection. This is important to maintain the tax-exempt status of the trust and maximize its potential returns for investors. Furthermore, the agreement details the roles and responsibilities of each party involved. John Naveen and Co., Inc. acts as the investment advisor, responsible for making investment decisions within the trust's defined investment parameters. Chase Manhattan Bank, on the other hand, carries out the custodial duties, which involve safekeeping and administering the trust's assets, managing cash flows, and providing detailed reporting to both John Naveen and Co., Inc. and the trust's investors. Within this specific agreement for the Naveen Tax Free Unit Trust, Series 1140, there may be additional variations or iterations tailored to specific investor needs or market conditions. These variations could consist of different fee structures, redemption terms, maturity dates, or specific investment guidelines based on the investment objectives of the particular series. Overall, the Montana Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust forms the backbone of the trust's administration. It ensures transparency, accountability, and a clear understanding of the roles and responsibilities of each party involved, ultimately benefitting the investors who entrust their assets to the trust.