Laserfiche WebLink
State of Florida, or granted and contained in this instrument, <br />and may enforce and compel the performance of all duties re- <br />quired by this instrument or by any applicable State or Federal <br />statutes to be performed by the Issuer or by any officer thereof. <br />Nothing herein, however, shall be construed to grant to <br />any holder of such Bonds or coupons any lien on any real property <br />of the Issuer. <br />(R) Records and Audits. The Issuer shall keep books <br />and records of the revenues of the System, which such books and <br />records shall be kept separate and apart from all other books, <br />records and accounts of the Issuer, and any holder of a Bond or <br />Bonds or the coupons applicable thereto issued pursuant to this <br />-instrument shall have the right to, at all reasonable times, inspect <br />all records, accounts and data of the Issuer relating thereto. <br />So long as any of the Bonds shall be outstanding, the <br />Issuer will furnish on or before ninety (90) days after the <br />close of each Fiscal Year, to any bondholder who shall request the <br />same in writing, copies of any annual audit report prepared by an <br />independent certified public accountant or an auditing official <br />of the State of Florida, covering for the preceding Fiscal Year, <br />in reasonable detail, the financial condition and record of <br />operation of the System and any other facilities the revenues <br />of which are pledged to the payment of the Bonds. <br />(S) Connection with Svstem. The Issuer will, to the <br />full extent permitted by law, require all lands, buildings, <br />residences and structures within its corporate limits which can <br />use the facilities and services of the System to connect there- <br />with . <br />here -with, and use the facilities and services thereof and to cease <br />the use of all other facilities. The Issuer will not grant a <br />franchise for the operation of any competing water or sewer <br />-System until all Bonds issued hereunder, together with interest <br />thereon, shall have been paid'in'full. <br />(T) Fidelity Bond. The Issuer will require each employee <br />who may have possession of the revenues of the System to be'covered <br />by a fidelity bond written by a responsible indemnity company in an <br />11 <br />,r • <br />RCGK 33 PAGE 388 <br />. E <br />