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5/23/1984
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5/23/1984
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
05/23/1984
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the County, or by any officer thereof, including but not being <br />limited to, the application and distribution of the Pledged <br />Revenues in the manner provided in this Resolution. <br />E. BOOKS AND RECORDS. The County shall keep books and <br />records of the receipt of all Pledged Revenues received by it, <br />including particularly the Pledged Revenues pledged hereunder, <br />which such books and records shall be kept separate and apart <br />from all other books, records and accounts of the County and any <br />Holder of a Bond or Bonds shall have the right at all reasonable <br />times to inspect all records, accounts and data of the County <br />relating thereto. <br />F. ANNUAL AUDIT. The County shall also, at least once <br />a year, within 120 days after the close of the Fiscal Year, cause <br />the books, records and accounts relating to such Pledged Revenues <br />to be properly audited by an independent Certified Public Accoun- <br />tant and shall mail, upon request, and make generally available, <br />the report of such audits to any Holder or Holders of Bonds. A <br />copy of such annual audit shall also be furnished to the original <br />purchasers of the Bonds, if requested. <br />G. NO IMPAIRMENT OF CONTRACT. The County has full <br />power and authority to irrevocably pledge the Race Track Funds <br />hereinabove described to the payment of the principal of and <br />interest on the Bonds. The pledge of such Race Track Funds, in <br />the manner provided herein, shall not be subject to repeal, modi- <br />fication or impairment by any subsequent resolution or other pro- <br />ceedings of the County or by any subsequent act of the Legislature <br />of Florida without and unless the County shall have provided, or <br />the Legislature shall have made immediately available to the <br />County, such additional or supplemental funds which shall be suf- <br />ficient to retire such Bonds and the interest thereon in accor- <br />dance with their terms. The County shall take all actions and <br />pursue such legal remedies which may be available to it either in <br />law or in equity to prevent or cure any default or impairment as <br />within the meaning of this subsection G. <br />-29- <br />MAY 2 3 1984 BOOK 57. PAGE 222 <br />
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