Common use of Public Trust Clause in Contracts

Public Trust. Lessee acknowledges that District holds all portions of Harbor District property, both land and water, and including, but not limited to, the Premises, in trust for the people of the State of California. As trustee, District is obligated to exercise continuous supervision and control over the Premises. The Agreement is subject to District's obligation, as trustee. With respect to the Premises, as such obligation has been, or may in the future be, defined or described under California law.

Appears in 3 contracts

Sources: Lease Agreement, Lease Agreement, Lease Agreement