1983-024 - Laserfiche WebLink

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t used as sinking fund and applied only for repairs and/or replacement of the sewerage system by the Corporation as the ® need arises. The percent required to be placed in the renewal and replacement account may be amended after review by the 40 County as necessary to maintain a sufficient account balance taking into account the general condition of the system. County is granted the right to make necessary repairs usina said f„na in the event of default on the part of Corporation in maintaining the quality standards established herein. to the event County exercises its rights under (2) or (4) above, the fund shall vest in County. In the event that the County purchases the Corporation's utility system pursuant to the provisions of. this Franchise as stated above, then any funds in said renewal and replacement account shall vest in the County. SECTION XVII The Corporation shall at all times maintain public liability and property damage insurance in such amounts as set forth in Exhibit "C" attached hereto and incorporated herein by reference. The Corporation shall cause County to be duly notified by the Insuror in the event of any modifications or deletions of the insurance as set forth in said Exhibit "C:". Said amounts shall be adjusted by the Corporation, as shall be required from time to time by the Board in accordance with good business practices as determined by safe business standards as established by the Board for the protection of the County and the genera]. public and for any liability which may result from any action of the Corporation. SECTION XVIII If any written complaint is filed with the Board by any persons serviced by the Corporation under this Franchise, the Board shall first determine whether reasonable cause exists with respect to said complaint. If the Board finds that reasonable -16-