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s <br />i,. JUN w 51980 BOOK 43 pAu 94 f <br />(P) Remedies. Any bolder of the Bonds or any coupons <br />appertaining thereto issued under the Prov. -ions of this <br />Instrument, or any trustee acting for the h�_ders of such Bonds <br />and coupons, ;ay either at law or in equity, by suit, action, <br />mandamus or other proceedings in any court of competent_ jurisdic- <br />tion, protect and enforce any and all rights, including the right <br />to the appointmo nt of a receiver, exi.st_i.ng under the laws of the <br />State of Florida, or granted and contained in this Instrument_, <br />and may enforce and compel the perfori7ance of all duties required <br />by this Instrument_ or by any applicable state or federal statutes <br />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 />(Q) Records and Audits. The Issuer shall keep books <br />and records of the Pledged Funds, which such books and records <br />shall be kept separate and apart from all other books, records <br />and accounts of the Issuer, and any holder of a Bond or Bonds or <br />the coupons applicable thereto shall have the right, at all <br />reasonable times, to inspect such books and records. <br />So long as any'of the Bonds shall be outstanding, the <br />Issuer. will furnish on or before ninety (90) days after the close <br />of each Fiscal Year, to any bondholder who shall request the same <br />in writing, copies of an annual audit_ report prepared by an Inde- <br />pendent certified public accountant or an auditing official of <br />the State of Florida, covering for the preceding Fiscal Year, in <br />reasonable detail, the financial condition and record of opera- <br />tion of the System. <br />(R) Connection with System. The Issuer will, to the <br />full extent_ permitted by law, require all lands, buildings, resi.- <br />dences and structures within its corporate limits which can use <br />the facilities and services of the System to connect therewith <br />and use the facilities and services thereof and to cease the use <br />of all other facilities. The Issuer will not grant a franchise <br />for the operation of any competing water or sewer system until <br />all Bonds issued hereunder, together with interest thereon, shall <br />have been paid in full. <br />(S) Fidelity Bond. The Issuer will require each <br />employee who may have possession of any Pledged Funds to be <br />covered by a fidelity bond written by a responsible indemnity <br />company in an amount fully adequate to protect_ the Issuer from <br />loss. <br />(T) Government Approval of Extensions and Financi.nq. <br />Anything herein to -the contrary notwithstanding, while the <br />-29- <br />