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(3) The County fails to comply with any other <br />covenant of the Master Bond Resolution and such failure <br />continues for more than thirty (30) days; <br />(4) The County is adjudicated bankrupt or <br />insolvent and such order continues unstayed or <br />undischarged for a period of ninety (90) days; or <br />(5) A court having jurisdiction appoints a <br />receiver, trustee or assignee in bankruptcy or <br />insolvency of the County and such order or decree shall <br />have remained in force undischarged and unstayed for a <br />period of ninety (90) days. <br />Remedies. Any holder of Bonds may by suit, action, mandamus or <br />other judicial proceedings protect or enforce all rights, including the right to <br />appointment of a receiver, or enforce or compel performance of all duties of the <br />County under the Master Bond Resolution, including the duty of the County to <br />remedy an event of default; but nothing in the Master Bond Resolution shall be <br />construed to grant to any holder of such Bonds any lien on any property of or <br />within the corporate limits of the County. <br />Issuance of Remaining Authorized Bonds After Initial Installment and <br />of Additional Parity Obligations. No further installment of Bonds or Additional <br />Parity Obligations shall be issued except for the construction and/or acquisition <br />of lawful capital projects or for refunding purposes and then only upon the <br />following conditions: <br />(1) There shall have been obtained and filed <br />with the County the Certificate of an Accountant <br />stating: <br />(a) The books and records of the <br />County relating to the Sales Tax have been <br />audited by him; <br />C9 <br />