1989-042 - Laserfiche WebLink

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amount of principal and interest which will become due in any succeeding Fiscal Year on the Bonds; and (3) A certificate of the chief financial officer of the County stating that the County has established and will maintain a separate accounting of all revenues and expenses in connection with any such independent system or with respect to such Impact Fees, Surcharges, Special Assessments, Franchise Fees, Fees in Lieu of Franchise Fees or other receipts and revenues to be released, apart from the Pledged Funds. For purposes of the foregoing, payments during the Fiscal Year for: (i) principal and interest on senior lien bonds (the "Senior Lien Bonds") to be issued in the future to FmHA pursuant to the Senior Lien Bond Resolution ("Senior Lien Bonds Debt Service"), (ii) any renewal and replacement fund created in connection with the Senior Lien Bonds Resolution (the "Required Renewal Fund Payments") and (iii) any Reserve Account created in connection with the Senior Lien Bonds (the "Senior Lien Reserve Account Payments"), shall be treated as Operating Expenses. See "FUTURE FINANCING PLANS - Prior Pledge to and Lien for Series 1986 Bonds." Neither the County, the State of Florida nor any political subdivision thereof has pledged its faith or credit or taxing power to the payment of the Series 1989 Bonds. No holder of the Series 1989 Bonds shall ever have the right to compel the exercise of any ad valorem taxing power of the County or taxation in any form of any real property therein to pay the Series 1989 Bonds or the interest due thereon nor be entitled to payment of the Series 1989 Bonds from any funds of the County except as described herein. Insurance The scheduled payment of principal and interest on the Series 1989 Bonds will be insured by F G's.c The County has made no investigation and makes no representation with respect to and the policy, and reference should be made to the information under the caption "MUNICIPAL BOND INSURANCE" herein and Appendix C attached hereto for a description of and its specimen insurance policy. The material under said caption and in Appendix C has been furnished by F G T: c., Rate Covenant The County covenants in the Resolution to establish and maintain such Uniform Charges and, as applicable, such Surcharges, Impact Fees, Special Assessments, Franchise Fees, Fees in lieu of Franchise Fees and such other receipts and revenues in connection with the System, so as to always provide either of the following: